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Ikea to invest over $2B in US

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Swedish home and furniture company Ikea is planning an investment in the United States to the tune of more than $2.2 billion.

The investment will go toward new stores, pickup locations, sustainability efforts and other developments.

The company also is focusing on its omnichannel retail experience, in which online and in-store shopping experiences complement each other.

Read more from CNBC.

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