Flying Tiger focused on large expansion

Flying Tiger focused on large expansion

Danish Flying Tiger aims to expand its Dutch presence to 40 stores and is therefore on the lookout for appropriate store locations, with A1 locations and atypical store locations as a main target.

Turnover up 72 %

Flying Tiger currently has 10 stores in the Netherlands, twice as much as early last year, and those 5 additional stores have helped increase its turnover 72 %. In the next few years, the company aims to quadruple its number of stores, but it is struggling to find the appropriate store locations.

 

The company is mainly known for its ever-evolving array of low-priced products. Annemieke Degens Dil, who owns half of Flying Tiger's Dutch joint-venture, refuses to label it as a discounter though: "We are not focused on price points and we never have something on sale", she told the Financieele Dagblad.

 

Everything comes from Denmark and Flying Tiger designs about half of the items in-house, adding some 300 to 400 new products every month

 

Currently, the chain is present in 21 countries with 320 stores and generates a worldwide turnover of 228 million euro. on a worldwide scale, it has a pace of three new store openings per week.

Questions or comments? Please feel free to contact the editors


Hudson’s Bay suffers delay in Dutch remodeling operation

21/08/2017

Canadian department store chain Hudson’s Bay is lagging behind with its store renovations in the Netherlands. It wants to open ten stores this year, but the former V&D store locations are running into several remodeling issues.

Facebook launches its Marketplace in Europe

16/08/2017

In October 2016, Facebook launched a marketplace for used items in several countries, including the United Kingdom and the United States. That marketplace is now also coming to Belgium, the Netherlands and fifteen other European countries.

AS Adventure acquires German McTrek

14/08/2017

Belgian outdoor chain AS Adventure has acquired its German competitor McTrek. The acquisition opens up the largest European outdoor market for the Belgians, thanks to McTrek’s 39 stores and web shop.

American department store chains continue to struggle

11/08/2017

Several American department store chains continue to underperform. Both Macy’s and Kohl’s experienced turnover slumps compared to the previous year, even though they both managed to beat analysts’ expectations.

Amazon wants to compete with Ticketmaster

11/08/2017

Amazon is in talks with American event location owners to see whether it could sell tickets for their events on its web shop.

Record turnover for Henkel

10/08/2017

German Henkel has had a record second quarter, when turnover reached nearly 5.1 billion euro. For the first time ever, its six-month turnover surpassed the 10 billion euro milestone, thanks to its acquisition of laundry detergent company Sun.

Back to top