Business news from Ukraine

DANISH JYSK EXPANDS NETWORK IN UKRAINE

JYSK Ukraine LLC (Kyiv), developing a network of JYSK furniture and household goods stores in Ukraine, will open the fifth store in Odesa, thus expanding the network in the country to 48 stores. According to the company’s press release, the store with an area of 990 square meters will open in the City Center shopping center in Odesa on December 20.
The facility will operate in the new 3.0 format for the JYSK network: it provides more space, light, an expanded assortment and updated cash desk zones.
“The 3.0 format was introduced in September. And now there are two such stores in Odesa. We took a good pace: 11 JYSK stores were opened in 2018, four of which are in the new format. Next year we will continue to dynamically expand the network in different regions of Ukraine,” Executive Director of JYSK in Ukraine Yevhen Ivanytsia said.
As reported, JYSK Ukraine plans in 2018 to open up to 12 new outlets in the country.
The JYSK network began to develop in Ukraine in 2004. As of November 29, 2018, the network had 47 stores in 20 cities, as well as an online store.

,

DANISH STORE CHAIN JYSK TO EXPAND IN UKRAINE

Jysk Ukraine LLC (Kyiv), developing the JYSK furniture and household goods store chain belonged to Jysk Group (Denmark), will open a new store in Khmelnytsky, expanding its chain in Ukraine to 46 stores. The company said in a press release that the store with an area of 1,043 square meters will be opened on December 6 and be located at 21, Kamianetska Street in the Lybid Plaza shopping and entertainment hotel complex. It will be the third store of the JYSK chain in Khmelnytsky and 46th in Ukraine.
“We are opening the third store in Khmelnytsky, which indicates a great demand for JYSK brand goods. The first two stores appeared in the premises of the Furshet store and the Woodmall shopping center. The new JYSK will operate in the 3.0 format in the city center,” Executive Director of JYSK in Ukraine Yevhen Ivanytsia said.
According to the report, the store will have furniture, mattresses, home textiles and decor. As reported, Jysk Ukraine LLC plans in 2018 to open up to 12 new outlets in the country.

,

JYSK FROM DENMARK PLANS TO OPEN 12 NEW STORES IN UKRAINE EVERY YEAR

JYSK Ukraine LLC (Kyiv), which develops the network of JYSK furniture and household goods stores of the JYSK Group (Denmark), plans to open about 12 stores in Ukraine every year. “We have opened five stores this financial year (September 1, 2017 through August 31, 2018) and are working on opening two more JYSK stores in Kharkiv in August. On average, we plan to open 12 stores annually. We need, conditionally 10 years In order to close the needs of the Ukrainian market. Starting in September, all JYSK stores will be opened in the 3.0 new format. All the working stores will be rebuilt within six years,” CEO of JYSK Ukraine Yevhen Ivanitsa told Interfax-Ukraine.
As he specified, in 2012 the parent company JYSK bought out all the franchise stores of the network in Ukraine and went through an independent development.
Ivanitsa says the company did not study how the Swedish retailer Ikea will influence the development of JYSK in Ukraine, but the experience of JYSK in other countries indicates that the European competitor’s entry into the market had no negative impact on sales dynamics.

, ,