Business news from Ukraine

Business news from Ukraine

JYSK has opened new store in Kryvyi Rih

On Thursday, the international chain JYSK opened a new store in Kryvyi Rih in the Terra shopping center at 1B Charivna Street, the retailer’s press service reported.
“The new JYSK store in Kryvyi Rih is located in the renovated Terra shopping center in the 5th Zarechnyi district. This store is the third in the city, the 99th in Ukraine and one of 29 JYSK stores planned to be opened by the company in August 2024 in Europe,” said JYSK Country Director in Ukraine Yevhen Ivanitsa, as quoted in the press release.
The new store will have a selling area of 1034 square meters, a warehouse of 307 square meters, and office space of 41.05 square meters. In addition, there are additional exhibition areas for furniture in front of the store and on the outer territory of the shopping center.
It is noted that in connection with the opening of the new store in the city, eight new employees joined the JYSK team, and four more were promoted. JYSK has more than 800 employees in the country.
Currently, there are 99 stores and the online store jysk.ua in Ukraine.
JYSK is part of the family-owned Lars Larsen Group with more than 3.4 thousand stores in 48 countries.
JYSK’s revenue in the financial year 2022/23 amounted to EUR 5.2 billion.

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“Foxtrot” opened renovated store in Hermes shopping center in Bila Tserkva

On August 19, Foxtrot, an omnichannel electronics and home appliances retailer, opened a renovated store in the Hermes shopping center in Bila Tserkva, Kyiv region.
According to the company’s press service on Monday, the area of the outlet has not changed (total area – 1.5 thousand square meters, selling area – 1.2 thousand square meters), while the number of goods in the store was increased due to redevelopment.
The renovated store also has a service for customers with hearing impairments.
As reported, the retailer’s plan for 2024 envisages opening 10 new and renovated stores.
“Foxtrot is one of the largest omnichannel retail chains in Ukraine in terms of the number of stores and sales of electronics and household appliances. As of August 2024, the retailer operates 122 stores in 66 cities of Ukraine, including the frontline cities of Kherson, Kramatorsk and Sloviansk, an online platform foxtrot.ua and a mobile application of the same name.
The Foxtrot brand is developed by the Foxtrot group of companies. The co-founders are Valery Makovetsky and Gennady Vykhodtsev.

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JYSK opens largest store in Vinnytsia

On Thursday, the international chain JYSK opened a renovated, largest JYSK store in Vinnytsia (1a Yevhen Pikusa St., Kvartal shopping center), the company’s press service reported.
According to the press release, JYSK Country Director in Ukraine Yevhen Ivanitsa said that the store has increased storage space, updated lighting, commercial equipment, and plans to improve logistics ergonomics. Its selling area is 1076 sq.m., the warehouse area is 275 sq.m. (it was increased by 21 sq.m.). The store also has a new office space with an area of 35 sq.m.
The store was rebuilt in accordance with the modern JYSK 3.0 store concept.
JYSK also announced new signed lease agreements. Currently, the chain has 98 operating stores, and it is planned to expand to 105 outlets by the end of the year. In particular, it is planned to open the ninth store in Lviv and the 37th in the Kyiv agglomeration.
JYSK Ukraine employs more than 800 people.
JYSK is part of the family-owned Lars Larsen Group with more than 3.4 thousand stores in 48 countries. JYSK’s revenue in the financial year 2022/23 amounted to EUR 5.2 billion.

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Ukrainian confectionery house Vatsak to open its first store in Bucharest

Vatsak Confectionery House is opening its first store in Bucharest, Romania’s capital.

The company told Interfax-Ukraine that the 55-square-meter store will open in early July, and that renovation and recruitment are currently being completed. The store will be opened under a franchise.

According to Vatsak’s website, the franchise fee is EUR 15 thousand, with a 1% royalty for the first eight months and 3% thereafter.

Vatsak Confectionery was founded in 2001 and is owned by Gennadiy Vatsak. At the beginning of 2024, the chain had 995 stores in Ukraine, Poland, Slovakia, and Moldova. Revenue for 2023 amounted to UAH 798 million 596 thousand, which is 63% higher than in 2022.

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JYSK has opened XL store in Ternopil

On June 20, the international chain JYSK opened a new XL store in Ternopil in the Podolyany shopping center (28h Tektylna Street), the retailer’s press service reports.

“In June, we plan to open 17 new JYSK stores in 12 European countries. We are pleased that JYSK Ukraine is part of this expansion. Despite the air alerts, we have opened two new stores this month,” the press service of JYSK Country Director in Ukraine quotes Yevhen Ivanitsa as saying.

The new store is the second in Ternopil, with a selling area of 1238 square meters, a warehouse of 410 square meters, plus a separate office space of 51 square meters. The new store in Ternopil was built according to the 3.0 concept, which provides better spot lighting, more modern design and a more comfortable zonal arrangement of goods for the customer.

The press service added that the expanded area makes it possible to offer customers a wider range of products. In particular, some of the products that are usually available only on the Internet are presented here.

Currently, there are 97 stores and the jysk.ua online store in Ukraine. The plan is to reach 100 stores by the end of 2024. The candidate cities for the 100th store have been preliminarily identified – it will be either Kalush or Kryvyi Rih in August.

JYSK has more than 800 employees in the country.

JYSK is part of the family-owned Lars Larsen Group with more than 3.4 thousand stores in 48 countries.

JYSK’s revenue in the financial year 2022/23 amounted to EUR 5.2 billion.

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International chain JYSK opened a new store in Ternopil

International chain JYSK on June 20 opened a new store in Ternopil in XL format in the shopping mall “Podolyany” (28h Tekstilna street), the press service of the retailer reported.

“In June it is planned to open 17 new JYSK stores in 12 European countries. It is nice that JYSK Ukraine is part of this expansion. Despite air alerts, we opened two new stores this month,” the press service quotes Country Director of JYSK in Ukraine Eugene Ivanytsu.

The new store is the second in Ternopil, its sales area is 1238 square meters, warehouse – 410 square meters, plus a separate office space of 51 square meters. m. The new store in Ternopil is built according to the 3.0 concept, which implies better spot lighting, more modern design and more comfortable for the customer zonal arrangement of goods.

The press-service added that the expanded area allows to offer customers a wider range of goods. In particular, some of the goods, which are usually available only online, are presented here.

Currently, 97 stores and the online store jysk.ua operate in Ukraine. By the end of 2024 it is planned to reach the mark of 100 stores. The candidate cities where the 100th store will be opened have been preliminarily determined, it will be either Kalush or Krivoy Rog already in August.

JYSK has over 800 employees in the country.

JYSK is a part of family Lars Larsen Group with more than 3.4 thousand stores in 48 countries.

JYSK’s revenue in fiscal year 2022/23 amounted to EUR5.2 billion.

 

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