Business news from Ukraine

Business news from Ukraine

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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JYSK opens renovated store in Brovary

International chain JYSK on Thursday opened a renovated store in the Terminal shopping center in Brovary (Kyiv region), the company’s press service told Interfax-Ukraine.

“We are dynamically implementing a plan to reconstruct our stores into a more modern and attractive format, and this is no less important for us than opening new stores. It is a transformation process that allows us to create better conditions for our employees and make the product range more accessible and the shopping experience more attractive for customers,” said Country Director of JYSK Ukraine Yevhen Ivanitsa.

He clarified that this is the second rebuilt store since the beginning of the financial year, which started in JYSK on September 1, and the second of 10 planned for this fiscal year.

The store has been renovated according to the modern chain concept 3.0. It includes a more attractive and convenient interior, more comfortable product layout and display. The retail space and warehouse area remained unchanged, amounting to 1,020 sqm and 157 sqm respectively. At the same time, the volume of the warehouse has been increased due to the height of the equipment. New track lighting was installed in the store, a mattress studio was set up, and the furniture display was expanded.

The updated format also provides better conditions for employees. In this case, the office space, dining room and locker room were modernized.

As reported, since the beginning of 2023, JYSK has opened five new stores and renovated three existing ones.

Currently, there are 88 JYSK stores and the online store jysk.ua in Ukraine. The company notes that 12 new stores are planned to open in the current financial year. JYSK has more than 800 employees in the country.

JYSK is part of the family-owned Lars Larsen Group with more than 3.2 thousand stores in 48 countries.

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

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JYSK opens renovated store in Bila Tserkva

International retail chain JYSK opened a store in the Vega shopping center in Bila Tserkva on Thursday after renovating and expanding its retail space, the retailer’s press service reported.

According to the report, the store’s retail space has increased from 890 sqm to 1077 sqm, and the warehouse area has increased from 140 sqm to 213 sqm.

The store has been updated in accordance with the modern concept of the 3.0 chain with a new layout and design. The store also features three exhibition areas. A new canteen and dressing room have been equipped for employees.

As reported, since the beginning of 2023, JYSK has opened five new stores and renovated three existing ones.

Currently, there are 88 JYSK stores and the online store jysk.ua in Ukraine. According to the company, this number should increase to 100 by 2024. JYSK has more than 800 employees in the country.

JYSK is part of the family-owned Lars Larsen Group with more than 3.2 thousand stores in 48 countries.

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

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JYSK has opened new store in Kamenskoye city

International chain JYSK on Thursday opened a new store in Kamenskoye, Dnipropetrovsk region, the retailer’s press service told Interfax-Ukraine news agency.

“In JYSK we believe in Ukraine and do not stop the development and investment in the future: in the future of Ukraine, in better working conditions for employees, in wider stocks, in closer to the consumer stores, in the victory of good over evil,” the press service quoted Country director of JYSK in Ukraine Eugene Ivanitsa as saying.

The new store in Kamenskoye (27A Stroiteley Boulevard) has an area of 1370 square meters together with the warehouse. Like all new JYSK stores, the store is built in accordance with the modern concept of the chain 3.0, with new lighting, spacious design and zonal placement of product categories.

Previously, since the beginning of 2023, the JYSK chain has opened four new stores and revamped the operations of two existing stores. By the end of the summer it is expected to enlarge and renovate a store in Kiev, Arcadia shopping center on Shulyavka.

JYSK is part of the family-owned Lars Larsen Group, with more than 3.2 thousand stores in 48 countries. JYSK’s revenue in fiscal year 2021/22 amounted to EUR 4.87 bln.

Currently, there are 88 JYSK stores and online store jysk.ua in Ukraine. The company notes that this figure should increase to 100 already in 2024. JYSK has over 800 employees in Ukraine.

Today in Ukraine there are 88 JYSK stores and online store jysk.ua. The company notes that this figure should increase to 100 already in 2024. JYSK has more than 800 employees in Ukraine.

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