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jyskCONew stores and the launch of an ecommerce arm helped JYSK grow UK sales by more than half in the year to end August.


Revenue rose 56 per cent — or £3m — to £8.2m year-on-year, with the Danish value furniture and homewares specialist adding stores in Grantham and Bournemouth during the reviewed period.


It has since opened an eleventh store in Rotherham and raised another £3m from its parent company, bringing total investment to almost £20m in the UK business.


JYSK said the period to end August also saw the launch of its British online sales operation, which is based out of its Bolton store in the North West.


UK gross margin improved 200 basis points to 43.5 per cent but its expansion costs meant it didn’t make any inroads into losses, which remained constant at £1.8m at the pre-tax line, wholly funded by the issue of new shares to its Danish parent.


Staff numbers swelled to 98, up from 64 in the prior year.



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