Danish company Jysk currently has 25 stores in Portugal and intends to more than triple the number of outlets, revealed the company’s general manager for the Iberian market.
Jysk, the Danish furniture and household goods chain, plans to open more than 200 stores in the Iberian Peninsula over the next few years, said the company’s general manager for the Iberian market, Carlos Haba, in an interview with El Economista.
Jysk currently has 131 stores in the neighboring country and 25 in Portugal. “In the last financial year we opened 30 stores on the Iberian Peninsula,” he said.
“The aim is to open 30 to 35 stores a year. The ultimate goal is to reach 300 stores in the Spanish market and 80 in the Portuguese market,” he said.
Last year’s turnover in the Iberian market grew by 29% to 215 million euros, while operating profits (EBIT) increased by more than 20% to 14.5 million euros.
“We are very satisfied and Portugal has contributed with a strong acceleration in recent years,” he stressed.
Jysk’s growth strategy in Spain involves opening new spaces in smaller locations. For Portugal, said Carlos Haba, “we still have areas to explore, such as the islands, where we are already preparing our arrival”.
Jysk stores have an average of 950 square meters of retail space, which rises to 1,300 square meters including offices and a warehouse.
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