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develop the projects, Kovalska has hired APA Wojcoechowski, a Polish architectural firm, and TEBIN, the international engineering company.
Dragon Capital plans to build 200,000 square meters of warehouse, factory and office space on a 49-hectare lot on the Kyiv-Zhytomyr highway. Marketed as the E40 Industrial Park, the first phase is to open next year on the E40/M06 highway, near the Kyiv Expo Plaza interchange, 27 km west of Kyiv. Dragon already owns 11 warehouse complexes, largely on the highway approaches to Kyiv, Ukraine’s largest consumer market.
9.2.5 Retail corporate news
IKEA plans to open its first Ukraine store in November, a 6,000 square meter space in Blockbuster Mall. IKEA, the world's largest retailer of furniture and household goods, started online sales in Ukraine in May. The company opened pick-up points in two Kyiv shopping centres -- Auchan Rive Gauche and Metro Cash & Carry. This fall it plans to open a third pick up point, in Lavina Mall.
Danish furniture store Jysk Ukraine increased sales by 24% in its financial year ending Aug. 31. “Dramatic, unpredictable, but the best in Jysk history: despite the coronavirus, Jysk achieved a record turnover” of $83mn, Yevhen Ivanytsia, executive director of Jysk in Ukraine, writes on LinkedIn. In the last year, Jysk opened 13 new stores, making for a total of 67 now. The company plans to reach 100 stores by the end of 2023. Jysk Ukraine, the franchisee of the Danish furniture and home goods chain, opened seven new stores in Ukraine this summer, raising the total to 64. By the end of 2023, Jysk plans to have 100 stores in Ukraine.
By the end of this year, Foxtrot, the Kyiv-based chain of electronic appliance stores, will have renovated and rebranded one quarter of its 162 stores in Ukraine. During the March-May quarantine period, Foxtrot’s online sales tripled, Alexey Zozulya, the company’s executive director, tells reporters. Present in 90 cities in Ukraine, the chain claims it has a database of 10mn customers.
France’s Leroy Merlin plans to open a sixth store in Kyiv this year, Cedric Brosset, director general of Leroy Merlin Ukraine, tells reporters. Focusing on Ukraine’s five largest cities – Kyiv, Kharkiv, Dnipro, Lviv and Odesa – Brosset plans to open two new stores a year for the foreseeable future.
Sweden’s H&M, Europe’s second largest clothing store chain, opened its fourth – and largest Ukraine – store in Kyiv Dream Town 1 this summer. H&M entered the Ukraine market two years ago.
The largest Intersport store in Ukraine opened last month in Kyiv’s Dream Town 2. The largest of 47 Ukraine stores of the Swiss chain, managed by Epicentre K, the new Intersport Outlet City in Obolon has 7,000 square meters.
Wildberries, Russia’s biggest online retailer, launched in Ukraine on September 21. The Moscow-based company is offering 3mn goods and 32,000 brands: clothing, shoes, toys, sporting goods, pet supplies, household and gardening products. Nova Poshta and Meest will deliver orders. Now
75 UKRAINE Country Report October 2020 www.intellinews.com
