Jysk Explained

Jysk A/S
Type:Private
Industry:Retail
Foundation: in Aarhus, Denmark
Founder:Lars Larsen
Hq Location:Brabrand, Denmark
Locations:3,100
Area Served:Europe (including Armenia, Azerbaijan, Georgia, Greenland), Tajikistan, Kuwait, United Arab Emirates, Thailand, Vietnam, Canada
Key People:Jacob Brunsborg (chairman)
Revenue:4.3 billion (2021)
Operating Income:604 million (2021)
Num Employees:28,400
Parent:Lars Larsen Group

Jysk A/S (pronounced as /da/) is a Danish retail chain specializing in household goods, including mattresses, furniture, and interior décor. As Denmark's largest international retailer, Jysk operates over 3,100 stores across 51 countries.[1] The name "Jysk" (meaning "Jutlandic") reflects the company's Danish roots. It was founded by Lars Larsen, who opened the first store on Silkeborgvej in the Danish city of Aarhus in April 1979.[2] Today, Jysk is owned by the family of its founder through the Lars Larsen Group, a holding company that also fully or partly owns furniture chains such as ILVA, IDÉmøbler, IDdesign, Bolia.com, and Sengespecialisten.[3] The company’s logo features a goose, symbolically linked to the brand’s history.[4] Known for its Scandinavian design, Jysk is sometimes referred to as a small-scale Danish IKEA.[5]

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History

1979–1989

On 2 April 1979, the first Jysk Sengetøjslager store opened in Aarhus, Denmark, where it continues to operate today.[6]

In 1984, Jysk Sengetøjslager expanded beyond Denmark, opening its first store in Germany under the name Dänisches Bettenlager. That same year, the company launched its first franchise store in Greenland. In 1986, Jysk opened its first store in the Faroe Islands, followed by an expansion into Iceland in 1987, with a store in Kópavogur under the name "Rúmfatalagerinn." In 1988, Jysk entered the Norwegian market, opening its first store in Stavanger under the name "Norsk Sengetøylager."

1990–1999

In 1995, Jysk opened its first store in Finland.[7] In 1996, Jysk expanded to North America, opening its first Canadian store in Coquitlam, British Columbia.[8] In 1998, Jysk celebrated the opening of its 500th store.

2000–2009

In 2000, Jysk entered the Polish market.[9] In 2001, the company unified its branding, changing the store names in Denmark, Sweden, Norway, and Finland from Jysk Sengetøjslager, Jysk Bäddlager, Norsk Sengetøylager, and Jysk Vuodevarasto to simply Jysk. In 2004, Jysk opened its first store in Hungary. In 2008, Jysk Nordic inaugurated Northern Europe’s largest warehouse in Uldum, Mid-Jutland, covering an area of 64,000 m².[10] The same year, Jysk expanded into the UK, with stores opening in Mansfield and Lincoln in April, followed by Blackburn and York in the summer.[11]

2010–2019

In 2010, Jysk was awarded a royal warrant of appointment as a purveyor to the Queen of Denmark. Also in 2010, the company's staff magazine GO JYSK won several awards, including Staff Magazine of the Year in Denmark and second place in Europe. In 2011, Jysk launched its own television channel, www.jysk.tv. In 2013, Jysk opened its first store in Yerevan, Armenia, marking its entry into the Caucasus region.[12] Between 2014 and 2015, Jysk expanded to Indonesia, opening stores in Mall Taman Anggrek and Pejaten Village in Jakarta.[13] Jysk continued to grow in Indonesia, with additional stores opening in Margo City Depok, Kuningan City, Pluit Village in Jakarta, and Aeon Mall BSD City in Tangerang. In 2016, Jysk expanded into Singapore, opening its first store at Tiong Bahru Plaza.[14] That same year, Jysk opened two stores in Belarus, its first store in Tajikistan,[12] and its first store in Tbilisi.[15] In 2017, Jysk expanded further, opening a third store in Minsk,[16] its first store in Brest,[17] and its first store in Kuwait.[18] In 2018, Jysk opened its first store in Dubai.[19] In 2019, the company launched in Thailand[20] and opened its first store in Baku, Azerbaijan.[21] Jysk also opened its fourth logistics hub in Bulgaria—DCB (Distribution Center Bozhurishte).[22] In the same year, Jysk made its entry into the Republic of Ireland, with its first store in Naas. Initially planning 15 stores across the country, this figure was later increased to 40. As of February 2022, stores are operational in Naas, Drogheda, Navan, Portlaoise, Thurles, Youghal, Little Island, Limerick, Sligo, and Santry.[23]

Lars Larsen passed away on 19 August 2019

Stores

Jysk stores operate in a medium format with an average area of 1300m2.[24]

Jysk-stores are operating through the three entities Jysk Nordic, Dänisches Bettenlager, and Jysk-Franchise.[25] Jysk Nordic operates over 1,500 stores in 21 countries (including Scandinavia and Central and Eastern Europe). Dänisches Bettenlager operates over 1300 stores in Germany, Austria, Switzerland, Italy, France, Spain, and Portugal. The "Dänisches Bettenlager"-name was used for stores until 2020 in Austria and until 2021 in Germany, which is the largest market for Jysk, while the stores in Switzerland, Italy, France, Spain, and Portugal are operated under the name Jysk.

Jysk also includes franchises agreements around the world with over 200 stores in 23 countries (including Canada, Caucasus, Baltics, United Arab Emirates, Kuwait, Tajikistan, Thailand and Vietnam).

Geographic distribution

Number of the store by country as of 1 November 2023.[1]

CountrySinceStoresEntity
Germany1984961Dänisches Bettenlager
Poland2000272Jysk Nordic
Romania2006137Jysk Nordic
Sweden1991134Jysk Nordic
Denmark 1979111Jysk Nordic
Netherlands2006 104Jysk Nordic
Norway1988 103Jysk Nordic
Czech Republic200398Jysk Nordic
Finland 1995 91 Jysk Nordic
Austria200090Dänisches Bettenlager
Hungary200589Jysk Nordic
Spain2009110Dänisches Bettenlager
Ukraine200481Jysk Nordic
Switzerland200669Dänisches Bettenlager
Italy 200966Dänisches Bettenlager
Canada199667Jysk Franchise
France 200750Dänisches Bettenlager
Slovakia200650Jysk Nordic
Croatia200949Jysk Nordic
Greece201548Jysk Nordic
Bulgaria 200552Jysk Nordic
Serbia201141Jysk Nordic
Belgium2017 41Jysk Nordic
Bosnia and Herzegovina201027Jysk Nordic
Turkey 20234Jysk Nordic
United Kingdom 200825Jysk Nordic
Slovenia200824Jysk Nordic
Portugal201016Dänisches Bettenlager
Indonesia 201414Jysk Franchise
Lithuania200113Jysk Franchise
Vietnam 201513Jysk Franchise
Estonia200212Jysk Franchise
Latvia200111Jysk Franchise
Ireland 201912Jysk Nordic
Belarus201610Jysk Franchise
Thailand2018 10Jysk Franchise
Moldova20168Jysk Franchise
Azerbaijan20198Jysk Franchise
Iceland19877Jysk Franchise
Kosovo20047Jysk Franchise
Greenland19846Jysk Franchise
Albania20156Jysk Franchise
Georgia20166Jysk Franchise
United Arab Emirates2018 5Jysk Franchise
North Macedonia 20084Jysk Franchise
Montenegro20153Jysk Franchise
Kuwait 20173Jysk Franchise
Malta20162Jysk Franchise
Tajikistan20162Jysk Franchise
Armenia20132Jysk Franchise
Faroe Islands19861Jysk Franchise

External links

Notes and References

  1. Web site: Annual Report 2020/21. ipapercms.dk. 5 May 2022.
  2. Web site: The founder JYSK. www.jysk.com. 2017-08-04.
  3. Web site: About us. larslarsengroup.com. 3 May 2022.
  4. Web site: 15 June 2020. THE JYSK AND DBL LOGO. 27 January 2021. JYSK Blue Line.
  5. Web site: The 'Danish IKEA' has announced the location of its first Dublin store. lovindublin.com. 8 July 2020.
  6. Web site: The History of JYSK. 2 May 2015. https://web.archive.org/web/20140424162408/http://www.jysk.com/frontpage/about_jysk/history.htm. 24 April 2014. dead.
  7. Web site: JYSK kasvatti myyntiä Suomessa . Finnish . 1 December 2016.
  8. Web site: JYSK Announces 6 Canadian Stores for 2017 . Retail Insider . 28 April 2017.
  9. Web site: Informacje o JYSK. jysk.pl. pl. 2019-11-24.
  10. Web site: CASE STUDY JYSK . ssi-schaefer.com . 27 November 2020.
  11. Web site: WHAT IS JYSK? . jysk.ie . 27 November 2020.
  12. Web site: The History of JYSK GROUP. JYSK. 5 September 2018.
  13. Web site: Peresmian JYSK Store Indonesia, Foto 5 - Tribun Images. Tribunnews.com. 2 May 2015.
  14. Web site: List of Tiong Bahru Plaza's stores. AsiaMalls Management Pte Ltd. 21 July 2016.
  15. News: თბილისში სკანდინავიური ბრენდის JYSK GROUP პირველი მაღაზია გაიხსნა . ka . First store of Scandinavian brand Jysk opened in Tbilisi . Business media Georgia . Tbilisi . Business Media Georgia. 2016-10-02 . 2021-07-28 .
  16. https://www.mynewsdesk.com/jysk/pressreleases/jysk-opens-in-belarus-1922518 JYSK opens in Belarus
  17. http://www.ctv.by/node/554585 Jysk opening shop in Brest
  18. https://www.mynewsdesk.com/jysk/pressreleases/jysk-franchise-opens-in-kuwait-2245515 JYSK Franchise opens in Kuwait
  19. https://www.expatmedia.net/pictures-coolest-new-furniture-store-opens-dubai/2019/01/ In pictures: coolest new furniture store opens in Dubai
  20. https://www.prachachat.net/public-relations/news-313475 เปิดตัว “JYSK” แบรนด์เฟอร์นิเจอร์ระดับโลกจากสแกนดิเนเวียน พร้อมปักหมุดแฟล็กชิปสโตร์แห่งแรกในไทย
  21. https://www.mynewsdesk.com/jysk/pressreleases/jysk-opens-the-first-store-in-azerbaijan-2876264 JYSK opens the first store in Azerbaijan
  22. https://gojysk.com/en/news/jysk-officially-opened-distribution-center-bulgaria Jysk Officially Opened the Distribution Center in Bulgaria
  23. News: Jysk says it takes four times longer to open Irish store than rest of Europe. .
  24. Web site: Danish home retailer Jysk plans 20 stores in Ireland. irishtimes.com. 6 March 2019.
  25. Web site: About JYSK. jysk.com. 5 May 2022.