JYSK lowers its prices to stay competitive
Danish retail chain JYSK has started a significant price cut in order to remain affordable and competitive in the home furnishing market.
In a statement, the company explained that their primary goal is to be the first choice for customers when it comes to home furnishing products. In addition, they draw attention to the fact that due to the increase in costs, general uncertainty and inflation they are experiencing, prices are rising throughout the sector.
Jørgen Lund, JYSK’s executive vice president for marketing, sales and expansion, explained that the company has so far borne most of the costs in order to remain competitive on prices. In the spirit of this, they further reduced the prices of their popular products to make them even more attractive to customers. JYSK plans to expand the number of products from 1,200 to 1,500 by 2023, which will always be available at low prices.
Related news
Analyst: Food pricing, which involves huge extra profits, must be brought within reasonable limits
Food pricing, which represents a huge extra profit for food…
Read more >The Ministry of Agriculture expects retail chains to voluntarily reduce prices
What is happening in stores these days is unacceptable, price…
Read more >Auchan has reduced the prices of more than 1,000 products
Auchan has already taken several significant steps to maintain domestic…
Read more >Related news
Gift ideas from AI
Just before Christmas Target’s generative AI-powered Bullseye Gift Finder made…
Read more >Plant-based products can substitute meat, eggs and milk for a more sustainable future
A growing number of people are choosing plant-based products instead…
Read more >The Nutriment Company buys German pet-food business BAF
Acquisitive pet-food group The Nutriment Company has acquired BAF Petfood…
Read more >