// JYSK, the Danish furniture and home furnishings brand posts record results in the UK & Ireland
// The retailer plans to open a further 14 stores across the UK and Ireland in its upcoming financial year
The danish furniture and home furnishings retailer Jysk has recorded a surge in full-year sales despite lockdown restrictions as the retailer gears up to increase its UK store footprint by half.
The business posted record results in the UK and Ireland in its latest financial year with total sales growing by 67 per cent to €68.9 million.
Jysk, which operates 37 stores across the UK and Ireland, said it had reported “positive EBIT” over the financial year despite extensive lockdowns during the period.
The retailer, which operates more than 3,000 stores across 50 countries, plans to open a further 14 stores across the UK and Ireland in its upcoming financial year.
During the period, the retailer said it saw its customer numbers rise by 30 per cent to 1.1 million as it expanded its store portfolio in the region and invested in a range of marketing and brand ambassador campaigns.
Jysk’s UK and Ireland country manager Roni Tuominen said: “Whilst it was been another tough year for retail in many ways, we are very pleased with the results of our continued investment in growing JYSK’s geographical – and digital – footprint. In Ireland, we were able to contribute positive EBIT for our second financial year in the row.
“In the UK, we have contributed positive EBIT for the first time which is a huge achievement considering five out of 12 months our stores were closed. Following last year’s turnaround project to merge the UK and Ireland organisations we have seen the initial trend for growth continue. Our investment in people and bricks-and-mortar stores remains our priority to make JYSK the UK’s number one shopping destination for home decor and furniture.”
JYSK also implemented its retail reward scheme where all full-time employees received an average bonus payment of £2,397 in recognition of their hard work throughout the year and during the Covid-19 lockdowns.
The post Jysk posts record results in UK & Ireland as homewares boom continues appeared first on Retail Gazette.