Ten million euros per year is the amount that the Tom Tailor Group expects to sink costs each year from 2018 onwards with the application of a just-announced operative costs-cutting program in the forthcoming years. Core –that’s how the program is called- comprehends the market withdraw of two of the group's sub-brands in summer 2016: Tom Tailor Polo Team (premium sportswear label born in 2012) and Tom Tailor Contemporary Men (contemporary fashion). The Tom Tailor Group announced to solely concentrate on its three main brands Tom Tailor, Tom Tailor Denim and Bonita.

Besides, the Hamburg-based company has also planned to save costs in workforce for an amount between four and five millions of euros.

In retail, the firm is slowing down its expansion’s speed: after opening 115 stores in 2015, Tom Tailor expects to open 30 new shops in 2016. The already-existing retail network will be revised as well and accordingly low-profitable spots will be closed down.

Tom Tailor Group expects to increase its competitiveness with the Core program. The company’s just released nine-month financial results for the period ended September 30, 2015, shows a loss of €10.3 million, compared to a €1.8 million profit in the previous year. The earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to €47.3 million, compared to €56.9 million in the previous year. The net debt of the group accounted for €235.8 million by the end of September 2015, thirty million euros more than in 2014.