Home / Knowledge / News / Apparel/Garments / Apparel Group Tom Tailor sales up 5.1% in Q1
Apparel Group Tom Tailor sales up 5.1% in Q1
15
Apr '14
TOM TAILOR GROUP has enjoyed a dynamic start into the fiscal year 2014. In the first three months of 2014, the Group increased sales of its two retail segments TOM TAILOR and BONITA by 5.1% to EUR 127.6 million.
 
The TOM TAILOR brand continued its growth course in the retail segment uninterrupted and increased sales by 13.3%. In like-for-like terms, sales increased by 9.6%. The TOM TAILOR retail segment therefore once again distinctly exceeded the general development of the German textile industry, which concluded the first quarter with an increase of 3.0% (source: TW-Testclub 15/2014). With a 28.9% increase in sales, the e-commerce business played a significant role in TOM TAILOR’s dynamic development.
 
In 2014, activities at BONITA are focused on improving profitability. In the first quarter, there have already been signs of a positive impact on the gross profit margin. By means of adjusted sales strategies and the further shift of sourcing activities towards the company-owned purchasing organization, BONITA significantly increased its gross profit margin from 60.7% in the first quarter of 2013 to 69.3% in the reporting period. 
 
As expected, BONITA’s sales development was however weaker as compared to the previous year. The BONITA brand recorded a 6.3% decline in sales in the first quarter. On a like-for-like basis, sales dropped by 8.7%. 
 
“The current results for the first quarter confirm the targets for our two brands: TOM TAILOR has successfully continued its course of growth. BONITA on the contrary has clearly focused on qualitative and profitable growth, already reporting a first success with its improved gross profit margin. We will continue this path with discipline and vigour,” said Dieter Holzer, Chairman of the Management Board (CEO) of TOM TAILOR Holding AG.
 
TOM TAILOR GROUP will publish its complete report on the first quarter of 2014 on 08 May 2014.
 

Tom Tailor Group

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Urs Stalder
Sanitized AG

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

Eric Scholler
Groz-Beckert

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ritu Kumar
Label Ritu Kumar

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

Madhu Jain
Madhu Jain

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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