JYSK, Danish furniture and home decor retailer, announced that it plans to open 14 new stores in Bulgaria by the end of 2019.
In addition to expanding its Bulgarian retail network, the company also intends to complete the construction of its logistics hub in Bozhurishte. The project represents an investment of 100 million EUR and will become JYSK’s fourth logistics hub.
In its fiscal year 2017/2018, JYSK expect to increase its turnover in Bulgaria by 52 percent compared to the previous year. The chain achieved a turnover of 14 million EUR (27.4 million levs) in its 2016/2017 final year.
The Danish furniture giant entered the Bulgarian market in 2005 and currently operates a network of 18 stores in 13 cities, employing more than 200 people.
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.