Home / Knowledge / News / Apparel/Garments / Good dynamics drive up Tom Tailor Group H1 sales
Good dynamics drive up Tom Tailor Group H1 sales
14
Sep '15
Germany based apparel marketer Tom Tailor Group reported a 6 per cent year over year growth in the six months to June 30, 2015 driven by good dynamics across all segments.

In a press release, the group said its sales grew 3.8 per cent to €441.5 million in the first half of 2015 as against €425.2 million in the same period of previous year.

The apparel marketer added that the 6 per cent growth was achieved contrary to the German textile industry recording a 2.0 per cent decline in sales during the same period.

Dieter Hcolzer, CEO of Tom Tailor Holding AG said, "We remain fully focused on our targets for the full year and will continue striving to boost sales on a like-for-like basis and increase our earnings power."

In the reporting period, sales of Bonita brand rose 3.4 per cent year on year to €159.0 million and accounted for a 36.0 per cent of overall sales.

On a like-for-like basis, Bonita registered sales growth of 4.5 per cent compared to a decline of 8.7 per cent in the previous year's first half. The number of Bonita stores also increased by five to 1,018.

The group informed that after a difficult start into the year, the Tom Tailor brand achieved a pleasing 4.1 per cent increase in retail sales in the second quarter.

For the first half of the current year, sales for Tom Tailor brand Retail were up 1.9 per cent €126.1 million vis-à-vis €123.8 million.

“However, the like-for-like sales increase in the second quarter was not quite sufficient to offset the negative trend at the beginning of the year,” it noted.

Consequently, Tom Tailor brand Retail experienced a slight 0.8 per cent drop in sales on a like-for-like basis during the period under review as against a 5.5 per cent increase in last year's first half.

According to the group, the strongest growth impetus over the first half of the year came from the Tom Tailor brand Wholesale business, which surged 5.9 per cent year over year to €156.3 million.

Gross profit of the group drove up €3.2 million to €252.5 million in the first half of 2015 from €249.3 million in the same period of earlier year.

But, gross profit margin declined 1.4 percentage points to 57.2 per cent, which it said reflects the lower gross profit margin for Bonita resulting from product investments.

Recurring earnings before interest, taxes, depreciation and amortisation (EBITDA) however fell to €26.3 million in the first half of the current year from €30.5 million from the prior year first half.

The recurring net loss for the period rose higher to €2.4 million compared to a net loss of €0.3 million in the first half of 2014.

Accordingly, recurring loss per share (EPS) amounted to €0.16, double from recurring loss per share of €0.08 in the prior year's first half. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search