Home / Knowledge / News / Apparel/Garments / Tom Tailor focuses on increasing profitability
Tom Tailor focuses on increasing profitability
25
Mar '14
With the publication of the Annual Report 2013 the TOM TAILOR GROUP confirms the preliminary figures for 2013, which were released on 18 February 2014. The Group furthermore announces the strategic objectives for the current year. The focus is particularly centred on increasing profitability and enhancing the premium quality of the BONITA brand. 
 
Highlights: 
- TOM TAILOR GROUP is driving forward distribution space expansion and growth of the TOM TAILOR brands
-BONITA: Focus on product and increase in quality of sales as well as profitability
-Sales of more than EUR 950 million and adjusted EBITDA margin of around 10% are targets for 2014
 
The above-average growth of TOM TAILOR over recent years is based on the commitment of a highly motivated team and a powerful platform for design, development, procurement and merchandising. 
 
We are thus going to transfer the success model of TOM TAILOR entirely to BONITA, in order to enhance the earning power of BONITA and significantly improve the profitability of the group, said Chief Executive Officer of TOM TAILOR Holding AG. 
 
Apart from expanding distribution space, the focus at TOM TAILOR is primarily on strengthening the TOM TAILOR brands. At BONITA, we will continue to transfer procurement to our own sourcing company and further expand our product expertise through our new design team. At the same time, we are going to centre our efforts more on sales quality rather than promotional activities. 
 
Systematic expansion of the TOM TAILOR formats
The Group will continue to modestly expand its controlled distribution areas in Germany as well as abroad. In due consideration of profitability, the company therefore intends to open around 70 new TOM TAILOR stores. In this context, the further expansion of the online business will play a crucial role. Beyond that it is planned to further expand business with Wholesale partners for the brands TOM TAILOR and TOM TAILOR Denim. Around 200 new shop-in-shop selling spaces are scheduled to open in 2014 along with 15 franchise stores for TOM TAILOR.
 
Click here to view more.
 

Tom Tailor

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Frank Gossmann
Rotorcraft AG

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

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

Prathyusha Garimella
Prathyusha Garimella

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

Sonam & Paras Modi
SVA

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search