Danish furniture and sleeping retailer JYSK, today reveals a record-breaking turnover of €120m up 13.6% on the previous year for IRE and UK for 2023 / 2024. Customer growth has increased more than 20% YoY, which is an increase of 400,000 customers taking the total to almost 2.5 million shoppers in the last year. JYSK continues to have strong development in the indoor furniture and homeware and textiles categories, while also seeing increase in sleepware categories, which were some of the drivers of this growth.
During the fiscal year, JYSK celebrated five new openings across the UK & IRE creating 50 new jobs. Strengthening the store network in each market continues, and the newest Dublin store in Liffey Valley has immediately reached highest footfall levels in Ireland.
Country director for JYSK UK & IRE, Roni Tuominen, said: “I’m very pleased with the increased customer growth achieved during FY24, which clearly shows that our proposition and offering continues to appeal to new customers in both markets. Although global uncertainties and unrest continued during the financial year 2023/24 (FY24), we invested in lowering our already competitive prices on over half of our popular quality products and included even more products in our popular “Everyday Low Price” assortment. This resulted in significant increase in the number of units sold.”
To get closer to increasing customer base, JYSK has plans to open eight new stores in Ireland during the next financial year 2024/2025 (FY25), and to further support online growth in both markets, JYSK has invested in a local warehouse in Dublin. The ‘dark store’ will be a compact warehouse with racking and shelves to support the logistics of online deliveries. It will house the full product assortment from stores plus additional products that are online-only, which are ready to be delivered directly to customers efficiently.
