JYSK Opens Two New Stores in Hungary

JYSK has opened new stores in Solymar and Mór, bringing the home furnishing chain's total number of stores in Hungary to 94, the company informed MTI on Thursday.

The chain is continuing to expand, with plans to open two more JYSK stores by the end of the year, one in the capital and one in the countryside, they said.

In addition to opening new stores, JYSK is also continuously renovating its existing stores. The Danish retail chain will renew all its stores worldwide by the end of 2024, which means more than 3,300 units. At the end of August, 67 stores were in operation in Hungary under the new concept.

According to the statement, with the upsurge in online shopping, demand for physical stores, especially for furniture and mattresses, remains strong.

JYSK is present in 48 countries and founder Lars Larsen opened his first store in Denmark in 1979. With 30,000 employees, the JYSK group had a turnover of EUR 4.87 billion in the 2021-22 financial year.

In Hungary, the company achieved a turnover of HUF 67.6 billion in the 2021-22 financial year (September 2021 to August 2022), 19% more than a year earlier. The company has more than 1,000 employees in Hungary.