Home / Knowledge / News / Apparel/Garments / Tom Tailor Group 2014 sales up 3% despite difficult market
Tom Tailor Group 2014 sales up 3% despite difficult market
13
Feb '15
German apparel marketer, Tom Tailor Group said despite a difficult market environment, it was able to achieve sales growth of 3 per cent year on year in 2014.

Tom Tailor Group was able to hike sales to €932 million in 2014 as against €907.2 million in 2013, up 3 per cent.

However, EBITDA for the reporting year rose by more than 10 per cent compared to the previous year and achieved its recurring EBITDA margin target of between 9.2-9.7 per cent.

During the year under review, the Group primarily drove forward, activities relating to the further development of the organisation and improving sales quality at Bonita brand.

In addition, the Group also focused on increasing profitability and for the first time following the acquisition of Bonita in 2012, the apparel marketer generated a positive net income again.

“We have developed quite successfully in a very challenging market environment and continued to grow and return to a positive net income in 2014,” CEO Dieter Holzer said.

Wholesale segment sales rose higher by around 9 per cent to more than €331 million from €302.4 in the previous year.

“This positive development was driven by 417 new shop-in-shops, 9 new franchise stores as well as 1,005 additional multi-label partners,” Tom Tailor Group said.

Furthermore, activities with existing and new international online business partners were significantly expanded. The segment increased its gross profit margin compared to the previous year.

During 2014, Tom Tailor brand retail sales too hiked by 8 per cent from 2013 through its 382 Tom Tailor stores and ecommerce, thus achieving sales of around €275 million.

On a like-for-like basis, Tom Tailor brand retail grew sales 1.4 per cent and once again outperformed the German textile industry, which finished the year 2014 with a decline of 3 per cent year on year.

However, due to the promotional market environment, gross profit margin came in below the previous year’s level.

In 2014, the Bonita brand concentrated on providing a more sharply-defined profile in terms of product and brand identity, while improving sales quality, promotions were therefore intentionally scaled back.

“2014 sales at Bonita fell back by 7 per cent from last year to €326 million in line with expectations, while like-for-like sales dipped as expected by 9.9 per cent”, Tom Tailor Group said

“In 2014, gross profit margin at Bonita expanded significantly by more than 5.5 percentage points and is set to grow profitably again in 2015," Dieter Holzer added. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Chinese firm sets up garment production chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up garment production chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Anisha Chaudhari
Threads & Shirts

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

December 2017

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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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