JYSK plans to expand its chain of stores in Ukraine

MOSCOW. June 15 (Interfax) - The JYSK chain of furniture and household goods stores plans to open new stores in Lviv on June 16 and in Chervonohrad and Rivne in July, the Ukrainian media said, citing the company's press service.

Country Manager for JYSK Ukraine Ievgenii Ivanytsia said that the company's goal is to reopen all of its shops in Ukraine that operated before February 24. At that time, JYSK was in the process of opening seven new stores in different parts of Ukraine.

"The company is already considering the possibility to go ahead with its plans to open some of them," he said.

New stores will be opened in Lviv, Chervonohrad and Rivne.

Furthermore, the company plans to reopen its shop in Kyiv in June and in Kharkiv in July.

JYSK earlier planned to expand its chain in Ukraine to 100 stores in 2022.

JYSK began operating on the Ukrainian market in 2004 as a b2c business. The company has 76 shops in Ukraine and the JYSK.ua online store as of June 2022. Before February 24, the company had 85 functioning stores in Ukraine, and another seven were under construction.

JYSK is part of the Danish family business Lars Larsen Group with total turnover of 5.3 billion euros in the 2020/2021 financial year. JYSK's turnover in the 2020/2021 financial year was 4.4 billion euros.

On the international market, JYSK has more than 3,000 stores in 50 countries, mainly in Europe.