Ikea’s $2.2B Omnichannel Investment to Fund New U.S. Store Models and Pickup Locations

April 21, 2023 : Swedish furniture retailer Ikea is set to invest more than $2.2bn in its omnichannel strategy in the US over the next three years. This marks Ikea’s largest investment in the country since it began operating almost 40 years ago. Omnichannel retailing, which involves the integration of in-store and online shopping, has become increasingly popular during the pandemic. Amazon’s purchase of Whole Foods in 2017, which saw technological advancements integrated into in-person shopping experiences, helped to popularise the trend. Walmart and Target have followed suit.

Procter & Gamble Exceeds Earnings Predictions and Increases Revenue Projection

April 21, 2023 : Procter & Gamble, the multinational consumer goods corporation, reported higher-than-expected quarterly earnings and revenue on Friday, driven by increased prices that helped offset lower demand for its products. The company owns well-known brands such as Febreze, Charmin, and Tide. Additionally, the company has raised its forecast for organic sales growth for fiscal 2023 to 6%, up from its previous range of 4% to 5%.