Home / Knowledge / News / Apparel/Garments / Tom Tailor Group Q4 like-for-like sales up 1.8%
Tom Tailor Group Q4 like-for-like sales up 1.8%
11
Mar '13
Tom Tailor Holding AG remained on its growth path in the fourth quarter of 2012. With its two umbrella brands, TOM TAILOR and BONITA, the Company generated like-for-like growth of 1.8% in its retail stores between October and December. The German textile sector closed the fourth quarter with a decline in the mid single-digit range. TOM TAILOR GROUP has thus once again outperformed the sector average.

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


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh P Bagrecha

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

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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