JYSK celebrates successful opening of first store in Uruguay
On Saturday, 22 March 2025, there was great excitement just outside Uruguay’s capital, Montevideo, as JYSK Franchise opened its very first store in South America.
On Saturday, 22 March 2025, there was great excitement just outside Uruguay’s capital, Montevideo, as JYSK Franchise opened its very first store in South America.
Saturday 22 March 2025 marks a historic day for JYSK when the Danish home furnishing chain’s first store opens in the greater metropolitan area of Montevideo in Uruguay. The store is part of JYSK’s franchise business and will be operated by a local franchisee.
In April, JYSK will open the first stores in Casablanca, Morocco. The hiring process is well underway, with over 5,000 applications already received for the available positions.
For the financial year 2023/24, JYSK delivered an EBIT result of DKK 4.43 billion (EUR 594 million) and increased its turnover to DKK 41.4 billion (EUR 5.6 billion). The global home furnishing retailer invested in lowering its already competitive prices on over half of its popular quality products and set a new customer record.
JYSK has reached a major milestone in the construction of its new distribution centre in Lelystad, near Amsterdam in the Netherlands with the first column now erected. This marks the first visible progress of the construction of the 147,000-square-metre, highly automated facility.
The internationally acclaimed Science Based Targets initiative (SBTi) has approved JYSK's greenhouse gas emissions reduction targets in accordance with the Paris Agreement. The greatest impact will come from reducing emissions in the production of products.
On 2 April 2024, it is 45 years since Lars Larsen, also known as the Tradesman, opened the first JYSK store in Denmark. Five years later, he also opened in Germany, which has since grown to be the largest market for JYSK.
To further support JYSK’s ambitious expansion plans for more stores in Spain and Portugal, the global retail company will strengthen its logistics setup with a new distribution centre in Almenara, south of Castellón.
The turnover for JYSK increased by 6.3 percent reaching DKK 38.5 billion (EUR 5.2 billion) for the financial year 2022/23, setting a new record for the global home furnishing company.
1 September 2023 marks a significant change for the global retail company JYSK. As only the third person in JYSK’s 44-year history, Rami Jensen becomes President and CEO of JYSK after Jan Bøgh.
One year after a JYSK store in Ukraine was hit by a missile attack, the store has now been rebuilt and reopened on Thursday 11 May 2023.
Continuing the expansion to new markets, JYSK will open its first two stores in Türkiye in the first week of May 2023.
For the financial year 2021/22, JYSK reached its highest EBIT result to date of DKK 4.56 billion (EUR 612 million) and increased turnover by 11% to DKK 36.2 billion (EUR 4.87 billion). However, the retail chain is now seeing the first signs of a slowdown in sales due to global challenges.
JYSK takes responsibility and saves on energy in all locations throughout the organisation. This includes a decrease in electricity usage and control of temperature regulating appliances.
JYSK’s new, state-of-the-art distribution centre in Ecser, Hungary, has officially been inaugurated with a ceremony attended by government officials from Hungary and top executives from JYSK.
With a growth of 11 percent, the total turnover for the financial year 2021/22 sets a new record in JYSK, even though a long list of global factors have challenged the business.
In recent years, JYSK has been focusing a lot on expanding the Business to Business part of the company’s sales activities. The focus has paid off, as JYSK on 28 June for the first time passed 1 billion Danish kroner in B2B sales across countries in one financial year.
With a turnover of 4.386 billion EUR, JYSK has once again set a new record in the financial year 2020/21 despite closed stores and restrictions.
As of 1 September 2022, current President & CEO of JYSK, Jan Bøgh, will take up a new position as President & CEO of Lars Larsen Group Retail.
With a small delay, JYSK celebrates the opening of store number 3,000 in Rome, Italy.