Flying Tiger focused on large expansion | RetailDetail

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


EuroCommerce reminds retailers and wholesalers to be ready for GDPR

16/02/2018

(Content provided by EuroCommerce) With 100 days left before the EU’s General Data Protection Regulation (GDPR) comes into force on 25 May, EuroCommerce is reminding all retailers and wholesalers to take the necessary action to be ready and compliant.

Amazon hires 2,000 employees in France

15/02/2018

American internet warehouse Amazon’s French division is looking for 2,000 employees to keep up with its strong growth. Amazon.Fr is not only the most popular web shop in France, but also in Belgium.

Excellent year for Decathlon thanks to strong expansion

15/02/2018

Decathlon passed the 10 billion euro milestone for the first time in 2016. Thanks to a strong international expansion, it now surpassed the 11 billion euro mark.

Generational switch at BIC at a difficult time

15/02/2018

The French specialist in disposable products, Bic, will alter its board: current CEO Bruno Bich will pass on the reins to his 39-year old son Gonzalve who will have to halt the profit drop.

Dieter Struye is Colruyt Group's new general director non-food

13/02/2018

Dieter Struye, former Brico CEO, has joined Colruyt Group on Monday 12 February. He is now the general director non-food and therefore in charge of Dreamland, Dreambaby and ColliShop’s online activities.

Stable first quarter profit for Metro

13/02/2018

German Metro managed to stabilize its first quarter profit compared to last year, despite a setback in Russia. It mainly cut costs in its Real restructuring plan.

Back to top