Tom Tailor first Quarter solid
02 May. 2013
Tom Tailor end first Quarter with solid resultsBetween January and March, Tom Tailor retail stores increased their sales by 20.4 %, which is 2.3 % in a like-for-like basis. The positive development comes also from e-commerce, which increased sales by 9.7 %. Tom Tailor Group’s consolidated retail sales fell by 9.2 % on a like-for-like basis. In contrast to Tom Tailor, Bonita was unable increase their sales and is 6 % below the level of the previous year. On a like-for-like basis, sales decreased by 15%.
“Just like the industry as a whole, Tom Tailor Group suffered due to the persistently cold winter weather in the first quarter, which caused a drop in customer footfall in the stores. Despite these highly unfavourable conditions, our umbrella brand Tom Tailor achieved like-for-like sales growth for the seventeenth consecutive quarter. Bonita failed to tap its potential in the first three months of 2013. However, we are highly confident that by shortening Bonita’s lead times and restructuring its product development the brand will show again like-for-like growth starting in the fourth quarter,” said Dieter Holzer, CEO of Tom Tailor Holding AG.
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