Home / Knowledge / News / Apparel/Garments / Tom Tailor brand's Q1 sales bring cheers to group
Tom Tailor brand's Q1 sales bring cheers to group
16
May '16
Courtesy: Tom Tailor Group
Courtesy: Tom Tailor Group
German apparel and accessories company, Tom Tailor Group saw an increase in consolidate sales of 1.5 per cent in the first quarter of 2016 to €218.9 million (€215.7 million in the corresponding quarter last fiscal) because of an increase in umbrella brand, Tom Tailor’s retail and wholesale sales.

Tom Tailor brand’s retail sales increased 8.4 per cent in Q1 2016 to €63.9 million as compared to €58.9 million in the same quarter last year. The brand’s wholesale sales grew 3.3 per cent this quarter to €87.3 million as compared to €84.5 previously.

Despite a difficult market, Tom Tailor’s rise in wholesale sales has been attributed to the rise in shop-in-shops by 189 to 3,145 since the end of 2015. The retail segment of the umbrella brand achieved a strong sales growth due to a year-on-year increase in the number of retail stores, which grew by 77.

Tom Tailor wholesale accounted for 39.9 per cent of group sales (previous year: 39.2 per cent). Retail segment accounted for 29.2 per cent of group sales (previous year: 27.3 per cent).

Commenting on the results, Dieter Holzer, CEO of Tom Tailor Holding said, “The first months of 2016 were coined by key measures within our ‘CORE’ efficiency program, on one hand, and growth initiatives in the digital segment, on the other.”

“2016 will be a year of transformation. We are facing up to this challenge with commitment, a strong team and confidence that we can get the Tom Tailor Group back on the course of profitable growth,” he added.

The group expects the accelerating structural change in textile industry to continue gaining momentum in the coming quarters. This will bring both challenges and opportunities. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Unipar Carbocloro plant in the city of Cubatão, São Paulo state. Courtesy: Wikipedia

Textiles | On 10th Dec 2016

Brazil’s CADE clears Solvay’s 70.59% stake sale in Indupa

Brazil’s administrative council for economic defence (CADE) has...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

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...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search