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Tag: jysk

  • Jysk earnings increased by 15% in the financial year 2019/2020

    Jysk earnings increased by 15% in the financial year 2019/2020

    Despite pandemic, Jysk ended up with an increase in earnings of 15 percent in the financial year 2019/2020.

    Jysk recorded a record turnover of 4.1 billion EUR and record earnings of 489 million EUR before taxes.

    Company turnover increased by 7,5% and pretax profit increased by 14,8% in 2019/2020 compared to 2018/2019.

    As a result, the retailer expects to open more than 150 stores during the current financial year.

    Jysk has 2,949 stores and employs around 26,500 persons in 51 countries, most of them in Germany (966 stores).

    Most openings, in Romania

    In the financial year 2019/2020, Jysk recorded 14 new store opening in Romania, +13 in Ukraine, +7 in Greece, +6 in Bulgaria and +5 in Poland and Belgium.

    Jysk franchises recorded 14 new openings, most of them in Thailand (+3).

  • Starting 1 Octomber 2020 Dänisches Bettenlager Austria is Jysk

    Starting 1 Octomber 2020 Dänisches Bettenlager Austria is Jysk

    On 1 October 2020, all Dänisches Bettenlager stores in Austria changed name to Jysk.

    ”By changing the name to Jysk, the Austrian stores will now also benefit from the store concepts and systems. This will be great for both our customers as well as for our employees,” says Jan Bøgh, CEO & President in Jysk.

    Jysk will invest around 200.000 euros in each of the 87 stores in Austria to introduce the new store concept 3.0, which includes woodlook floor instead of carpet, inspiring showrooms and more focus on deco and textiles.

    Jysk is planning to expand with three new stores in Austria during the financial year 2020/21 (1 September 2020 – 31 August 2021).

    After having changed the name of the stores in Austria, only the stores in Germany still carry the Dänisches Bettenlager logo.

  • Jysk, record turnover of 4.1 billion EUR for financial year 2019/20

    Jysk, record turnover of 4.1 billion EUR for financial year 2019/20

    Jysk posted a record turnover of 4.1 billion EUR for financial year 2019/20, which is 7.6 percent higher than in financial year 2018/19.

    The number of customers is close to the same level as the year before despite the fact that a majority of Jysk’s stores were closed in March and April due to coronavirus.

    The increased turnover is a result of many Europeans choosing to invest in their homes, as borders closed and many people prepared for a summer at home.

    Similarly to other companies, Jysk has also seen a significant increase in online sales. Especially in countries where most retail stores were closed for a longer period.

    The result of financial year 2019/20 is expected to be ready within the next couple of months.

    Jysk opened 106 new stores in 2019/20 and plans to speed up and open more than 150 new stores during the current financial year.