Danish furniture retail chain JYSK Nordic has reported a double-digit growth in turnover as continued expansion in physical stores alongside online development has indicated a ‘very successful’ year.
According to JYSK’s latest trading update for the financial year 2015/16 – with the official figures to be announced later this year – turnover rose by 11.2% to DKK 12.8bn (£1.5bn).
The increase of just over 11%, including all countries improving turnover, was before the exchange rate effect, with sales up by 9.3% when currency fluctuations are taken into account.
JYSK Nordic, which is one of the two large branches of the JYSK Group, continued its aggressive roll out scheme with the opening of 69 new stores during the period, as well as maintaining its rapid growth within its online platform.
CEO of JYSK Nordic, Jan Bøgh said: “We are very pleased with the result and we would like to send praise to our employees in all JYSK Nordic countries. Even in countries where sales within sleeping and living in general are decreasing, JYSK are growing. This is a strong signal that consumers actively are choosing JYSK.
“E-business is an area with a lot of growth and there is no doubt that our capability to follow the consumers to new platforms and utilise the many possibilities that technology offers is crucial in order for us to continue our great development.”
JYSK Nordic operates 1,086 stores in Denmark, Sweden, Norway, Finland, UK, Holland, Poland, Czech Republic, Slovakia, Ukraine, Hungary, Bulgaria, Romania, Serbia, Croatia, Slovenia, Bosnia-Herzegovina, Greece and China.
The overall result for JYSK Group will be announced on 1 December 2016.