Nordic furniture – Nordic Mobler Thu, 24 Nov 2022 13:38:36 +0000 en-US hourly 1 Nordic furniture – Nordic Mobler 32 32 JYSK Delivers Record Results and Plans to Enter New Territories Thu, 24 Nov 2022 13:21:55 +0000

For the 2021/22 financial year, JYSK achieved its highest EBIT result to date of DKK 4.56 billion (€612 million) and increased its turnover by +11% to 36.2 billion DKK (4.87 billion euros).

However, JYSK says the retail chain is now seeing the first signs of slowing sales due to global challenges.

JYSK continued to successfully implement its financial growth and expansion business strategy for its 2021/22 fiscal year, which runs from September to August, with increased sales, store expansions and redevelopments, as well as than an increase in customer visits.

“It was another very difficult year, but everyone at JYSK can be very proud of our results. Whether in stores, distribution centers or offices, all colleagues have contributed to our continued success,” says JYSK President and CEO Jan Bøgh. “I am very impressed with all the dedication and hard work that has been and continues to be provided. .”

When Russia invaded Ukraine in February, JYSK’s main goal was to ensure the health and safety of its employees, and it temporarily closed its 86 stores in Ukraine. At the same time, JYSK closed its business in Russia, and due to the war, JYSK had to permanently close 30 stores in Russia, Belarus and Ukraine.

Despite the current global uncertainties, with rising costs, lack of materials and shortage of personnel, JYSK says it remains on track with its core business model of continuous expansions. In 2021/22, JYSK opened a total of 135 new stores across Europe and welcomed an additional 7.7 million customers, both in-store and online. In addition, JYSK continues to invest in updating and redesigning stores in line with its new 3.0 store concept.

In the spring of 2023, JYSK will also welcome customers to a new country for the first time in four years, when it opens its first stores in Turkey.

“With everything going on in the world today, I wondered for a moment if we should postpone our plans,” says Jan. “But that’s not the spirit of JYSK or our founder. Will it be difficult? Yes, but I believe that our excellent Scandinavian sleeping and living offers will ensure our successful expansion in Turkey again, as it has has done in so many other countries.

JYSK has seen early signs of an expected slowdown in sales during the summer months and rising costs such as utilities in stores, distribution centers and offices.

“Customer buying power is under pressure,” says Jan, “and they’re not buying futures like they were for the past two years because they have to prioritize even more where they spend their money in coming months. As a result, I expect to see a slowdown in our sales which will be reflected in our results for our 2022/23 financial year.”

London furniture buying guide: the best design in town Thu, 17 Nov 2022 17:30:35 +0000

Digital shopping is great. But nothing beats the hands-on, tactile pleasure of browsing the best furniture showrooms in person. To make the most of what the UK capital has to offer, follow this district-by-district guide to furniture shopping and window shopping in London.

Port of Chelsea Design Center

Visionary, London furniture store in the Port of Chelsea, with soft color palettes and a large marble dining table with chairs

Visionary, Port of Chelsea

(Image credit: press)

It’s your one-stop-shop for all things interiors. London’s premier furniture shopping destination for interior designers, Design Center Chelsea Harbor features 120 design showrooms, and a tour of its bright domed spaces promises great inspiration and resources in interior design material.