September 25 (SeeNews) - JYSK Bulgaria, a unit of Danish bedding and furniture retailer JYSK, will open a new store in the town of Dupnitsa in December, and plans five more launches next year, local media reported on Friday.
So far this year the retailer has opened five new stores - in the capital Sofia, Kyustendil, Kazanlak, Blagoevgrad and Haskovo, local business news outlet Capital.bg quoted Alexandru Bratu, country manager JYSK Bulgaria and Romania, as saying.
JYSK Bulgaria currently operates 35 stores and employs over 500 people.
The company's sales revenue dropped in March due to the coronavirus pandemic, but returned to its normal levels the following month, Bratu said. Online sales, which usually form 6-8% of JYSK Bulgaria's total sales revenue, peaked in April, he added.
Last year, Bratu told SeeNews that JYSK Bulgaria plans to double the number of its stores to 50 within four years.
JYSK Bulgaria's profit before taxes fell by an annual 11% to 4 million levs ($2.3 million/2.0 million euro) in the fiscal year 2019 ended August 31, while turnover rose by an annual 27.5% to a record 59 million levs.
(1 euro = 1.95583 levs)