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Best Buy, Ikea test new kitchen concept in U.S. stores

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The logo of Best Buy and Ikea on shopping carts.

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Best Buy said Thursday it will test mini-showrooms in some of its stores featuring Ikea products to show off kitchen design elements from the home retailer beside home appliances from the electronics store.

Beginning this fall, the program will debut in 10 Best Buy stores across Florida and Texas. Each store will feature a 1,000-square-foot Ikea “shop-in-shop” showcasing styled kitchens and laundry rooms.

“By bringing together our home furnishing expertise, products, and services with Best Buy’s leadership in appliances and technology, we’re creating a one-stop destination where customers can design their dream kitchen, storage solutions or laundry space with ease,” Rob Olson, chief operation officer of Ikea U.S. said in a Thursday press release.

The companies did not disclose financial aspects of the partnership.

IKEA is the Swedish flat-pack furniture giant, while Best Buy is one of the United States’ top consumer electronic stores.

The partnership comes as Best Buy looks for new ways to attract shoppers.

The company has struggled lately with rising tariff pressures, a soft demand in appliances, and a sluggish housing market. Best Buy said this spring that it had increased prices on some items due to tariffs.



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Buffett’s Oregon Utility Says Fire Lawsuits Pose Shutdown Risk

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Berkshire Hathaway Inc.’s PacifiCorp says ongoing litigation from massive wildfires in 2020 that exposed the company to billions of dollars in damages is jeopardizing its ability to continue providing power to hundreds of thousands of customers in Oregon.



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Funding & Business

Summers on Trump vs Fed, US Jobs Data Battle, Australia’s Gold Rush 2.0, India’s Risk Balance

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This week, former US Treasury Secretary Lawrence H. Summers comments on why the markets have been slow to react to President Donald Trump’s efforts to fire Fed Governor Lisa Cook and further change the composition of the FOMC. And, concerns about BLS politicization are growing – what is the real problem behind the jobs numbers? Plus, gold prices near record highs are fueling a mining boom in Australia. Later, India is opening its markets to investors, but can regulators strike the right balance between risk and stability? (Source: Bloomberg)



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Momtazee’s Patient Square Exploring Taking Premier Private

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Patient Square Capital, the investment firm started by former KKR & Co. dealmaker Jim Momtazee, is exploring an acquisition of health-care services company Premier Inc., according to people familiar with the matter.



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