JYSK sees UK division sales reach £40m

Danish furniture retailer JYSK has reported a growth in turnover as UK sales climbed beyond £40m.

According to its latest filed accounts for the year ended 31 August 2023, total sales rose 5% to £40.9m from £38.3m in 2022.

Pre-tax losses resulted at £3.1m, significantly down from its profit of £144,000 recorded the previous year.

Stated within its report, the company, which opened four stores during the period, bringing its total number to 31 locations at the year-end, said: “Turnover development stabilized over the course of the year, no longer impacted by Government led Covid Open and Closures that occurred in previous years, however, inconsistent weather conditions over the summer months resulted in garden sales lower than expected.

“There were increases in costs in some areas due to the longer term plan of investment in improvements in existing store and continued expansion of the physical stores, inline with the overall strategy to bring JYSK closer to the customer and to ensure enhanced customer experience.

“The company continues to expect an unsettled and challenging retail market within the UK.”

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