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JYSK Confirms First Dublin Store; Merges UK & Ireland Business

Jysk store lower angle 725 x 500.jpg

Danish retail chain JYSK is merging its UK and Ireland businesses and has confirmed its intention to open its first Dublin store.

In January 2019, JYSK announced its intention to expand further into Ireland, increasing its plan for 15 stores to 40 over the next three to five years, with a predicted turnover of EUR 70m and the creation of hundreds of jobs.

Roni Tuominen, the country manager for Ireland, has been appointed the new country manager for Ireland and the UK. 

“With one combined organisation based on our strong JYSK values, we will strengthen our competencies within retail and lower the costs of the two countries’ operations,” said Mr Tuominen.

“This will make it possible for us to significantly speed up our expansion and reach the turnover we need for solid financial results in both countries. I am excited to take on this challenge in the UK market and look forward to continuing our success in Ireland.

“By combining the resources of the two country organisations, we are confident that we can create synergies, which will make the brand more effective and profitable in years to come.

“Since opening the first store in Ireland in April 2019, JYSK Ireland has consistently performed within the top five countries out of all the JYSK Nordic stores.

“JYSK Ireland has been a great success story for the brand in just 15 months of trading, and it is expected that by merging the two countries into one company with one management team, it will be possible to replicate the success of JYSK Ireland in the UK market,”.

During lockdown, the retailer signed an agreement on the 8th June, to open its first Dublin store, which will be located at Gulliver’s Retail Park in Northwood, Santry. 

The 7,667 sq ft store has a ten-year lease and will open in October.

UK & Ireland Country Manager Roni Tuominen said: “It goes without saying that in this Covid-19 environment safety needs to come first, but with unemployment in Ireland at a record high we all need to help. I am delighted to say that all seven of our stores have reopened here. Jysk are still very much committed to our expansion strategy in Ireland and plan to have 20 stores across the country by the end of 2021, with roughly 200 new jobs being created.”

Cosgrave Property Group who operate the retail park said: “We are delighted to welcome Jysk to Gulliver’s Retail Park. With over 2,500 outlets across the globe, they are a strong brand and will be a fantastic addition to the scheme. It is a great endorsement that Gulliver’s was Jysk’s first choice for a location in Dublin. They will further improve the strong tenant line-up, which now includes Lidl, Mr Price, Homebase and McDonald’s. Having recently secured planning permission for an additional 330 residential units on the adjoining site at Blackwood Square in April, it is important to the group to support the existing and future residents of Northwood with a greater local shopping experience.”

Source : Insight DIY Team

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10 July 2020

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