TOM TAILOR news and archive

Tom Tailor lowers profit outlook, considers selling Bonita

Tom Tailor Holding SE has reaffirmed its medium-term growth targets in a continuously challenging market environment and said that it will focus on continuing the successful growth strategy of the Tom Tailor core brand. The company added that weaker than expected operational performance of Bonita will lower the EBITDA of the group. Biggest...

Business

Fashion crisis: more and more popular brands are struggling

The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee a secure future. More and more established...

Report

Tom Tailor brand's Q3 sales rise amid difficult market

Tom Tailor Group said in a statement that despite the company still fighting difficult conditions of the textile market, Tom Tailor brand sales in the third quarter improved by 1.9 percent to 163.6 million euros (184 million dollars). The company said, the whole textile industry suffered under the challenging long and hot summer, which was one...

Report

Tom Tailor fills newly created role of vice president global wholesale

Tom Tailor Group has announced that following the reorganization of its trade partner business (wholesale) last year, it has appointed Thomas Bretscher to take over the newly created position of Vice President Global Wholesale. The company added that previously, he was responsible for the markets of Germany, the Benelux countries and France in...

ManagementFeatured

Tom Tailor brands manage to post 1.2 percent rise in H1 sales

The Tom Tailor Group has said that in the first half of 2018, the company was able to increase sales of its Tom Tailor brands by 1.2 percent to 277.8 million euros (322.9 million dollars), while the Group's total sales fell by 1 percent to 399.3 million euros (464 million dollars), due to technical difficulties in starting up the new e-shops at...

Management

Tom Tailor witnesses upsurge in FY17 profitability

The Tom Tailor Group reported EBITDA growth to reach 83.1 million euros (102.5 million dollars) compared to 10.3 million euros (12.7 million dollars) in 2016 and EBIT increased to 43.9 million euros (54.1 million dollars). The company said, separation from low-margin product lines, stores and markets, an increased efficiency in the supply chain...

Management

Tom Tailor expects to post sharp rise in FY17 EBITDA

Confirming preliminary figures published on February 21, 2017, the Tom Tailor Group said that in 2017, the company’s main priority will be on implementing the measures from the RESET cost and process optimization program. In addition to store closures and the departure from some markets, it includes the ongoing optimization of internal...

Management

Tom Tailor FY16 sales rise 1.3 percent boosted by 'RESET' program

The Tom Tailor Group has said that it was able to achieve its forecast for the fiscal year 2016 with a Group EBITDA amounting to 10.3 million euros (10.8 million dollars) and an increase in sales of 1.3 percent to 968.5 million euros (1,021 million dollars). The company also added that it has realized the first positive effects from the ‘RESET’...

Report

Tom Tailor CEO Dieter Holzer leaves the management board

Dieter Holzer, the Chief Executive Officer of Tom Tailor Holding has left the company's management board with immediate effect for personal reasons by mutual agreement with the supervisory board. The supervisory board has appointed management board member Heiko Schäfer as the new CEO on a provisional basis. Schäfer has served as the company's...

Business

Tom Tailor H1 sales up 2.2 percent

The Tom Tailor Group achieved a slight rise in sales in the second quarter of the fiscal year 2016. In the first half, sales increased 2.2 percent to 451.3 million euros (503.9 million dollars). The company said that the growth was driven by the Tom Tailor brand, which posted gains in both the retail and wholesale segments. Through the end of...

Management

Tom Tailor H1 sales up 2.2 percent

Report

Thomas Dressendörfer appointed as new CFO of Tom Tailor

The Supervisory Board of Tom Tailor Holding has appointed Thomas Dressendörfer to the position of Chief Financial Officer (CFO) of the company effective July 1, 2016. In this role he will head the departments of finance and accounting, controlling, investor relations, human resources and legal affairs. He succeeds Axel Rebien who is leaving the...