JYSK Expands in Ukraine: Five New Stores and Job Growth
Danish retailer JYSK has announced the opening of five new locations during the winter-spring season, supporting the labor market and the retail sector.
💼Ринок праціPhoto: Інтерфакс-Україна: економіка
Key points
- Lease agreements signed for 5 new stores in Kyiv, Ternopil, Mukachevo, and Sambir.
- Company revenue grew by 24% to UAH 5.3 billion in the first 9 months of 2025.
- The network currently employs approximately 1,000 people in Ukraine.
JYSK, the international home goods retailer, is preparing for its next phase of expansion in the Ukrainian market. Yevhen Ivanytsia, Country Director at JYSK Ukraine, announced that the company has officially signed lease agreements to open five new stores during the winter and spring periods. This move aligns with the Danish brand's strategy to support the local economy and broaden its reach across various regions.
Expansion Geography and New Markets
The new retail outlets will be established in both the capital and western regions of Ukraine. In Kyiv, the network will add locations in the Ocean Plaza and Darynok shopping centers. Furthermore, JYSK is strengthening its presence in Ternopil and Mukachevo, while the city of Sambir will see the launch of its very first JYSK store. According to Ivanytsia, the company's ongoing investment in the retail sector continues to create new employment opportunities.
Currently, the JYSK network in Ukraine consists of 118 stores across 40 cities. The retailer's team includes nearly 1,000 employees, and the growth of physical locations is complemented by a robust online store. JYSK is part of the global Lars Larsen Group, which operates over 3,500 stores in 50 countries worldwide.
Financial Performance and Growth Dynamics
Data from the YouControl analytical system shows that the Ukrainian subsidiary is maintaining steady financial growth. Revenue for JYSK Ukraine LLC in the first nine months of 2025 reached UAH 5.3 billion, a 24% increase compared to the same period last year. Net profit rose by 22% during this timeframe, totaling UAH 959 million.
"JYSK does not stop its development," emphasized Yevhen Ivanytsia, highlighting the importance of investing in the stability of the Ukrainian market.
Source Інтерфакс-Україна: економіка — interfax.com.ua/news/economic/1235076.html ↗
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