![Ikea to open 17 new U.S. stores in $2.2 billion expansion](https://assets3.cbsnewsstatic.com/hub/i/r/2022/06/08/a422997b-2837-4498-b71a-527cd799b2bc/thumbnail/1200x630/780a11240603d32dd1cca50685ec6dc7/download.jpg)
Ikea to open 17 new U.S. stores in $2.2 billion expansion
CBSN
Ikea plans to open 17 new stores across America in a major push to expand its U.S. business, the Swedish home goods company announced Thursday.
The retailer will spend more than $2.2 billion over three years growing its U.S. presence, with a focus on entering new markets in the South, the company said. Ikea will also work to improve its ability to fulfill and deliver customer orders in a bid to capture greater market share.
The company didn't disclose where around the country it would build the new stores. The locations will include eight full-size stores and nine "Plan & Order" points, an Ikea representative told CBS MoneyWatch. Ikea expects the additional outlets will add create a total of 2,000 jobs.
![](/newspic/picid-6252001-20240608195232.jpg)
President Joe Biden and first lady Jill Biden were honored at a state dinner in Paris at the Presidential Elysee Palace on Saturday, hosted by French President Emmanuel Macron and first lady Brigitte Macron marking the 80th anniversary of D-Day two days prior and the strength of the countries' long alliance.
![](/newspic/picid-6252001-20240608170630.jpg)
President Joe Biden said France was America's "first friend" at its founding and is one of its closest allies more than two centuries later as he was honored with a state visit Saturday by French President Emmanuel Macron aimed at showing off their partnership on global security issues and easing past trade tensions.
![](/newspic/picid-6252001-20240608091212.jpg)
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling "junk fees in mortgage closing costs." These additional fees, involving home appraisal, title insurance and other services, have spiked in recent years and can add thousands of dollars to the final cost of buying a home.