Furniture giant is closing all its stores on the same day! The reason was shocking.
The world-renowned furniture and home décor chain JYSK will shut all its stores in Sweden on Sunday, November 8. Profit not stemming from economic problems...
The world-renowned furniture and home décor brand JYSK has decided to close all its stores in Sweden for a day. According to the news on the website MarcusOscarsson, the reason for the decision is not economic troubles but a traditional staff celebration the company will organize for its employees.
About 1,500 employees are expected to attend the event to be held on 7 November in Gothenburg. The company will suspend operations at all its Swedish branches on Sunday, 8 November, so that as many employees as possible can participate in the event.
Stores are reported to reopen on Monday, 9 November.
The cost of the organization will amount to 11 million kronor.
JYSK Sweden Communications Director Sandra Martinsson said in a statement about the event that it is expected to break the record for participant numbers this year.
Martinsson said, 'It will be a record-breaking event with 1,500 guests. We want as many of our employees as possible to be able to join this celebration.'
The cost of the event, expected to be attended by about 1,500 people, is anticipated to be between 10 and 11 million Swedish krona, excluding employees' travel expenses.
The company made no statement regarding potential revenue loss from the stores being closed for a day.
It was also implemented earlier in Finland.
JYSK had previously implemented a similar measure for its employees in Finland as well. Due to a staff gala held in November 2024, almost all of the 93 stores in the country were closed for a day.
The latest decision taken in Sweden also highlighted the company's emphasis on large gatherings that bring employees together.
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