Tom Tailor 2019 revenues decline, expects further drop amid COVID-19 outbreak

According to preliminary, unaudited results, Tom Tailor Holding SE reported revenue decline of 4.8 percent to 803.1 million euros (882 million dollars) due to continued decrease in revenue at Bonita amid the difficult market situation as well as further planned store closures in this segment. The company said in a statement that revenue generated by the Tom Tailor brand rose slightly year on year, by 0.4 percent to 620.3 million euros (681.7 million dollars). The company anticipates large revenue decline across markets in 2020 due to the continuous spread of coronavirus and its negative impact on the business.