Record year for Danish furniture chain JYSK

Record year for Danish furniture chain JYSK

Scandinavian furniture and interior design chain JYSK has broken all records in its broken fiscal year 2014-2015: the group managed a 2.9 billion euro turnover with a EBIT profit of 414 million euro, which is a 17 million euro improvement over last year.

Modest, but extremely ambitious

The Danish "JYSK" refers to anything and anyone hailing from the peninsula Jutland, just like founder Lars Larsen. The word is associated with modesty, sturdiness and honesty, three values Larsen cherishes deeply.

 

Larsen also proves that modesty can be mixed with ambition: "The long term goal has always been to make JYSK a bigger and more profitable company. The increase in turnover and earnings shows that we have done well and set new landmarks in the development of JYSK GROUP. However, we are far from finished. We will continue to open new JYSK stores around the world, and at the same time we will strengthen and expand our online operations, so we have online sales in all of the countries where JYSK has stores," he says.

 

Active in 41 countries

The very first JYSK store opened in Aarhus in 1979 and barely 5 years later, he had also opened his first German store. Now, JYSK is the largest international Danish retailer, with brands like JYSK Nordic, JYSK Franchise and Dänishes Bettenlager (in Germany and Austria).

 

It has more than 2,300 stores in 41 countries, including 80 in the Netherlands but none in Belgium. It also has distribution centers in Denmark (Uldum), Germany and Bulgaria and it employs more than 20,000 people.

 

Owner and founder Lars Larsen is also the man behind furniture retailers Bolia.com, IDEmobler and ILVA and the entire Lars Larsen Group has a 3.4 billion euro consolidated turnover.

Questions or comments? Please feel free to contact the editors


European retail rental prices continue to soar

20/07/2017

A recent study from research firm CBRE shows that rental prices for Europe’s most expensive retail locations are still on the rise. It is the only region that still experiences growth for retail real estate.

Mitiska REIM acquires 11 Romanian retail parks

23/06/2017

Mitiska REIM has acquired Romanian Alpha Property Development’s portfolio of eleven profitable retail parks and three development projects. The Belgian real estate firm is now the market leader in Romania.

Raad van State suspends Uplace's environmental permit

30/03/2017

Uplace will have to put its construction plans for Machelen on hold once again because the Raad van State just suspended the environmental permit the Flemish government had approved.

Redevco buys new store location in Paris

24/01/2017

Real estate firm Redevco bought a store location, including stores like Tiffany & Co and Glasshütte, in the Rue de la Paix in Paris from Savills Investment Management. Neither party wished to disclose the fee for the acquisition.

Rental price for top shopping streets drops

16/11/2016

Rental prices in the world's two most expensive shopping streets have dropped due to the growth of online shopping, leaving retail chains and real estate agents in a real pickle on how to deal with this new reality.

Major Benelux cities are important step in international brands' expansion strategy

14/11/2016

International brands use major Benelux cities as an important stepping stone in their European expansion strategy, a new study says. Many major brands schedule openings in the Benelux immediately after hubs like Paris and London, mainly thanks to its central location.

Back to top