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TOM TAILOR achieves dynamic growth in Q3 of 2012
22
Oct '12
TOM TAILOR Holding AG experienced continued dynamic growth in the third quarter of 2012. For the first time, its August and September figures included the performance of the BONITA Group, which was acquired by TOM TAILOR. On this basis, TOM TAILOR Holding AG achieved like-for-like growth of 3.9% in the third quarter with its two umbrella brands TOM TAILOR and BONITA.

The retail stores of the TOM TAILOR brand (including e-commerce) increased their sales by 28.5% in the quarter under review, or by 16.2% on a like-for-like basis. This was therefore the fifteenth consecutive quarter in which sales were up. The performance of the TOM TAILOR e-shop was especially pleasing, as it achieved a sales increase of around 60%.

In the first nine months of 2012, the TOM TAILOR retail stores (including e-commerce) achieved sales growth of 32.5%, or 14.3% on a like-for-like basis. Textile trading in Germany ended this period with a fall of 1%.

This means that TOM TAILOR again managed to outperform the average development in the textile market. 'We saw pleasing sales of our TOM TAILOR autumn range in September, achieving a sales increase of 15.3% on a like-for-like basis, while the market as a whole grew by an average of 5%,' said Dieter Holzer, CEO of TOM TAILOR Holding AG.

As anticipated, the BONITA brand's like-for-like sales were down by around 3% year on year in both August and September. 'We know that it will take time for BONITA to get back on track for like-for-like growth. In the months ahead, we will endeavour to create sustainable conditions for this to happen,' explained Dieter Holzer.

The TOM TAILOR Group is an international fashion and lifestyle company offering stylish casual wear and accessories in the medium price range through its umbrella brands TOM TAILOR and BONITA.

TOM TAILOR Holding AG

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