85

Business

Tiger thriving in the UK

admin
March 31st, 2014


This article is more than 10 years old.

Danish low-price retailer continuing to expand in Britain

The Danish low-price retailer Tiger is successfully hunting on the UK’s shopping streets.

Christened the  'posh pound shop' by the Brits, it opened in the UK in 2005 and was ideally placed to take advantage of the financial crisis.

Last year, the strategy paid dividends as its pre-tax profits jumped more than 60 percent to £2.5 million on the back of an increase in sales from 14.7 to £21.3 million.

IKEA on speed
Maureen Hinton, a retail analyst at Conlumino, told British newspaper the Guardian that Tiger is “an IKEA marketplace on speed”, while Tiger's UK managing director Philip Bier hopes it will be just as successful.

"Just because it is affordable, it doesn't need to be nasty," Bier told The Guardian. "The bulk of what we sell costs £1 to £3. There are no gimmicks, no loyalty cards or sales, we don't do 99p. It's just very clean."

The UK is currently embracing Scandinavian chic. Swedish and Danish brands like H&M, Cos and Clas Ohlson are expanding, and with 43,000 shops lying empty in the UK, its fashionable high streets are looking to fill the gaps.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”