Business news from Ukraine

Business news from Ukraine

JYSK reopened stores in Kyiv and Poltava with new format

On Thursday, October 16, the international chain JYSK opened two renovated stores in the Compact format in Kyiv (Dream shopping center) and Concept 3.0 in Poltava (185 Yevropeiska Street), the company’s press service reported.

“We continue to invest in the development of Ukrainian retail, even despite all the challenges of today. Each reopening is a new level of comfort for shoppers and new opportunities for our colleagues. We believe that quality service, relevant JYSK products, customer care, and Scandinavian values will always remain relevant and add positivity to the daily lives of Ukrainians,” commented Yevgen Ivanitsa, Country Director of JYSK Ukraine.

It is noted that the store in the Dream shopping center was opened on June 6, 2019, and at that time it was the 50th anniversary store of the chain in Ukraine. The area of the renovated JYSK in Dream is 997 square meters, the warehouse is 225 square meters, and the social area is 37 square meters.

The store in Poltava at 185 Yevropeiska Street first opened in 2020. The retail space of the renovated store is 1,046 square meters, the warehouse is 313 square meters, and the social area is 42 square meters.
Currently, there are 110 stores and the jysk.ua online store operating in Ukraine. JYSK employs over 900 people in the country.

JYSK is part of the family-owned Lars Larsen Group, which has over 3,500 stores in 48 countries.
JYSK’s revenue in the 2024/25 financial year was EUR6.2 billion.

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Foxtrot invested UAH 5.6 mln in backup power supplies, making all stores energy independent

Omnichannel tech retailer Foxtrot has purchased and installed backup power supply equipment worth a total of UAH 5.565 million to ensure uninterrupted operation during 2022-2025. As of October, all stores in the chain are energy independent, the company’s press service told Interfax-Ukraine.

“For Foxtrot, investing in energy independence is a necessary step for the company’s operation and development in the context of full-scale war. This makes it possible to organize the full operation of all services and also fulfills the company’s social mission: to be a local ”point of resilience“ for Ukrainians in difficult times,” the press service noted.

During September-October 2025, Foxtrot conducted an audit of its existing resources in case of repeated blackouts: 36 stores in the chain are equipped with generators; 48 were equipped with various types of uninterruptible power supplies; 44 stores were connected to the backup power supply equipment of landlords in shopping centers/malls. All stores are equipped with powerful charging stations, UPS equipment, additional lighting powered by power banks, etc. This allows cash registers and security systems to be activated and provides sufficient lighting for service.

In September and October, one additional backup generator and six charging stations were purchased.

Thanks to innovations in IT infrastructure implemented in 2023-2024, all of Foxtrot’s core business processes — from placing an order on the website to delivering goods in stores — run on reliable digital platforms and remain stable even in the event of a power outage.

A key element in ensuring the operation of stores is the internal ecosystem and the FoxyHUB mobile application, which allows salespeople to advise customers, process purchases, and accept card payments anywhere in the store or even outside it. For convenience, various digital payment methods are available that do not depend on stationary cash registers or POS terminals: via the seller’s mobile app, LiqPay, QR code, or chatbot in Viber/Telegram. The buyer receives a fiscal receipt immediately in electronic form. In October, Foxtrot is launching tap to phone, which will allow sellers to accept card payments via the customer’s smartphone through the app.

In addition, during power outages, stores offer gadget charging stations and free Wi-Fi.

Foxtrot is one of Ukraine’s largest omnichannel retail chains in terms of the number of stores and sales of electronics and household appliances. As of early October 2025, the company operates 127 stores in 68 cities, the Foxtrot.ua online platform, and the mobile app of the same name.

According to YouControl, the revenue of FTD-Retail LLC (Kyiv), which develops the chain, amounted to UAH 14 billion 882.632 million in 2024, which is 17.6% more than in 2023, and its net profit was UAH 6 million 721 thousand against UAH 314 million 436 thousand, respectively.

The founders of the omnichannel retailer Foxtrot are Ukrainian businessmen Gennady Vykhodtsev and Valery Makovetsky.

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JYSK has opened its 110th store in Ukraine and eighth in Odesa

The international chain JYSK is opening its 110th store in Ukraine and eighth in Odesa on Thursday, according to the company’s press service.

“Despite the challenges of recent years, we continue to invest in the Ukrainian market. The opening of the 110th store is another step in our strategy of sustainable growth,” commented Yevgen Ivanitsa, Country Director of JYSK in Ukraine.

The new store, with a retail space of 950 square meters, is located on the second floor of the Mayak A1 shopping center (107/1 Polkovnika Gulyayeva Ave.). It has an adapted Jysk Compact format, which allows a full range of products to be placed in a smaller area, while maintaining Scandinavian aesthetics and a quality shopping experience.

There are currently 110 stores and the jysk.ua online store operating in Ukraine. JYSK has over 900 employees in the country.

JYSK is part of the family-owned Lars Larsen Group, which has over 3,500 stores in 48 countries.

JYSK’s revenue in the 2024/25 financial year was EUR6.2 billion.

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JYSK to open 10 new stores in Ukraine

JYSK Ukraine plans to open 10 new stores and reopen 12 stores in the modern Store Concept 3.0 and Compact formats in the new financial year, which starts on September 1.

According to the company’s press service, five new JYSK stores are planned to open by the end of the calendar year: in the A1 shopping center in Odesa, the OBRIY retail park (Tatariv) and Peretyn (Melechiv in the Lviv region), in the Bukowyna Mall (Chernivtsi) and the Lavky Park shopping center (Mukachevo).

The company emphasized that in terms of network size, JYSK in Ukraine plans to surpass JYSK’s home country of Denmark in the 2026 financial year. Another important event will be the celebration of JYSK’s 1,000th employee in Ukraine. These steps are part of the global Customers’ First Choice strategy, which will be launched this year in all countries where the company operates. Its goal is to make JYSK the first choice for both customers and employees.

“This year will be special for us. We are growing as a team and as a chain, while remaining true to our values of strong teams and dedicated work. It is thanks to our people that we continue to develop, and we believe that JYSK will become the first choice for both customers and employees,” comments Yevgen Ivanitsa, CEO of JYSK in Ukraine.

Since the beginning of the full-scale war, JYSK has supported the Ukrainian network. This time, on the occasion of Independence Day and the new financial year, representatives of top management from Denmark visited Ukraine — JYSK CEO Rami Jensen and Executive Vice President of Retail Micael Nielsen. In particular, they visited the JYSK store in Chernivtsi, which last year became the chain’s 100th store in Ukraine.

“We are impressed by the resilience of our Ukrainian colleagues during the war. I hope that our visit was a sign of our commitment and support for them,” says JYSK President and CEO Rami Jensen.

Today, there are 109 JYSK stores in 37 cities in Ukraine, as well as the online store jysk.ua. The company employs over 800 people in Ukraine.

JYSK is part of the family-owned Lars Larsen Group, which has more than 3,500 stores in 50 countries.

JYSK’s revenue in the 2023/24 financial year was EUR5.6 billion.

 

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Rozetka opened 33 new stores in six months

Rozetka opened 33 new stores in January-June 2025 and plans to launch 10 more by the end of the year, according to its press service.

“Despite constant threats, Rozetka opened 33 new stores in the first six months of 2025: 22 of its own and 11 franchises. This is almost half of last year’s figure, when the company added 74 new stores and entered 35 new cities,” the company said in a statement.

It is noted that the new stores will also include relocated facilities.

In addition, Rozetka continues to develop its network of parcel terminals and partner delivery points.

“At the beginning of 2024, there were only four parcel terminals, but now there are already 104,” the company’s press service reported.

Rozetka, an online store for electronics and household appliances, was founded in 2005 in Kyiv by Vladislav and Irina Chechotkin, and later the fund managed by Horizon Capital became a co-owner of the company. Today, the company has transformed into a multi-category online marketplace, but is also developing a network of its own stores. As of August 1, 2025, the network has 549 stores in 166 cities.

 

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Silpo enters Bukovel with its first store

The Silpo chain of stores will open its first supermarket in the Bukovel ski resort in the Ivano-Frankivsk region, according to the Ukrainian Council of Shopping Centers.

The store will open in the village of Polianytsia (1 Shchivky tract). The opening date is not yet known, but preparations for the launch are already underway, as evidenced by the retailer’s job vacancies posted on job search websites.

Previously, Silpo only offered delivery services in this region.

Silpo is one of the largest supermarket chains in Ukraine, founded in 1998. It is part of the Fozzy Group, a trade and industrial group. As of August 2025, the chain has 309 supermarkets in 62 cities.

 

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