Ikea to invest over $2.2 billion in new U.S. store models, pickup locations in next three years
Ikea, the Swedish home and furniture company, is planning to invest over $2.2 billion in the next three years to enhance its omnichannel growth strategy in the U.S. This investment marks the largest push by the company since it first opened in the U.S. almost 40 years ago. In the wake of the pandemic-induced online shopping surge, omnichannel retail experiences have gained popularity. Javi Quiñones, CEO and chief sustainability officer at Ikea U.S., has shared that the investment will be used to expand new store models and pickup locations to improve accessibility while keeping prices affordable, in an interview with CNBC.

Wells Fargo kicks off $455 million, two-tower office campus in Irving
Wells Fargo’s future campus in Irving could set a new standard for sustainable workplace design, boasting a modern aesthetic and the company’s first net-positive energy system.

H-E-B launches Fresh Bites convenience stores
H-E-B currently operates 12 c-stores throughout Texas. Starting this year, the company plans to continue its plans to update the layout of its remaining stores to the H-E-B Fresh Bites brand.

Barnes & Noble announces plans for over 30 new stores; offers two-tier loyalty program
The bookseller opened more than 17 new stores during 2022 after only opening one or two new stores per year since 2009.

Bank of America (BAC) reported revenue of $26.26 billion (+13.0% YOY).

BJ’s Restaurants (BJRI) reported revenue of $344.10 million (+18.1% YOY).

Fifth Third (FITB) reported revenue of $2.91 billion (+18.3% YOY).

Rite Aid (RAD) reported revenue of $6.09 billion (+0.5% YOY).

Truist Financial (TFC) reported revenue of $6.21 billion (+19% YOY).