Tendam Brands annual turnover increases by 3.2 percent

Tendam Brands, operating in the specialised chain segment through the brands Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty, said that its revenues increased by 3.2 percent to 1.19 billion euros (1.34 billion dollars). The company said in a statement that all Tendam brands posted like-for-like sales growth, and footfall at physical stores increased gradually over the course of the year. Fourth quarter sales were up by 6.4 percent in total and by 5 percent in like-for-like terms, while online sales grew by 28 percent over the year and by 30.5 percent in Q4, representing 10 percent of total sales in Spain in 2019.