Danish furniture and home decor retailer JYSK is planning to open 15 new stores in Romania in 2018, according to Iraidei Paiuc, Sales and Marketing Manager for Romania and Bulgaria.
The first two openings will take place this month in Curtea de Arges and Bistrita.
“JYSK forecasts a positive turnover trend for this year, driven by new store openings and turnover increases in its existing units,” stated Paiuc.
In the financial year ending on the 31st of August 2017, the Danish retailer generated a turnover of over 78 million EUR (366 million RON), a 63 percent increase compared to the previous year. Its profit stood at 11,6 million EUR (54 million RON).
JYSK entered the Romanian market in 2007 and currently operates a total of 55 stores across the country. Within the South East Europe region, the chain is also present in Croatia, Bulgaria, Serbia, Bosnia and Herzegovina, Slovenia and Kosovo.
JYSK is an international chain of stores with Scandinavian roots that sells everything for the home. The first store opened in Denmark in 1979, and today JYSK has over 2,500 stores and 22,000 employees in 50 countries. In Germany and Austria the stores are called Dänisches Bettenlager – in the rest of the world JYSK. JYSK is owned by the Danish tradesman Lars Larsen, who owns a number of companies with a total annual turnover of 4.02 billion EUR. JYSK’s turnover is 3.36 billion EUR.