This growth was predominantly attributable to the TOM TAILOR Retail segment which increased sales by 34.4% in the quarter under review. On a like-for-like basis, sales rose 15.4%. E-commerce business saw particularly encouraging growth at 41.3%.
BONITA, however, performed only slightly better than a generally weak market in Q4 2012. Between October and December, like-for-like sales at BONITA fell by 4.0% compared to the prior-year quarter. In December, BONITA reported a like-for-like sales decline of 8%. The brand developed slightly better than the overall market, which closed the month of December with a decline of 9%.
'Our trend management approach and our understanding of our customers' wishes are paying off. TOM TAILOR Retail has managed to achieve like-for-like sales growth in every quarter over the past four years. BONITA, on the other hand, could not escape the general market situation in the final quarter 2012. The mild temperatures were the primary cause of BONITA falling below our expectations. We are confident, though, that by shortening the product development process, BONITA can be returned to its growth path by the end of 2013,' said Dieter Holzer, CEO of TOM TAILOR Holding AG.
As of 31 December 2012, the TOM TAILOR GROUP held around 1,300 retail stores throughout Europe, of which 315 were TOM TAILOR retail stores (31 Dec 2011: 248) and 982 were BONITA stores (31 Dec 2011: 949). During 2012 the Group opened 100 retail stores.
About the TOM TAILOR Group
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. The TOM TAILOR umbrella brand comprises the brands TOM TAILOR Casual, TOM TAILOR Denim and TOMTAILOR POLO TEAM. Its collections are aimed at customers aged between 0 and40 and are marketed in more than 35 countries via its wholesale and retail segments.
BONITA, one of Germany's leading fashion producers for theover-40s target group, has been a part of the TOM TAILOR Group since August 2012. BONITA sells menswear and women’s wear collections in almost 1,000 of its own retail stores. The TOM TAILOR GROUP generated sales of EUR 412 million in 2011. BONITA generated sales of EUR 379 million in the 2011/2012 financial year.
Tom Tailor Group
Textiles | On 23rd Jan 2017
The US textile industry is eager to work with President Donald Trump...
Textiles | On 23rd Jan 2017
US based producer of petrochemicals and speciality chemicals...
The biggest challenge is lack of skilled workforce and competition from...
‘The terms eco-friendly and organic are common but everyone perceives them ...
Maa Tex Speciality
‘We suggest reducing dosage of sizing chemicals to reduce sludge...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Bombay Textile Research Association
Bombay Textile Research Association (BTRA) is a leading name in textile...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Apparel/Garments | On 23rd Jan 2017