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Tom Tailor increases Q1 sales by 2.9 percent

By Prachi Singh

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The Tom Tailor Group managed to increase its group-wide retail sales by 2.9 percent to 131.3 million euros (140.2 million dollars) in the first quarter of 2015. Company has said that Bonita significantly contributed to this development along with robust e-commerce demand for Tom Tailor brand in March. On a like-for-like basis, the company posted a sales increase of 1.8 percent in its retail activities.

“The Tom Tailor Group stood out positively with its results in the retail segment despite the subdued market development and grew in the first quarter on a like-for-like basis. However, Tom Tailor Retail was still impacted by the noticeable slowdown in the market due to the weak winter season in January and February. All the more, we are pleased to report that Bonita recorded a strong start to the year, with its first like-for-like sales increase in five quarters,” said Dieter Holzer, Chief Executive Officer of Tom Tailor Holding.

For Tom Tailor Retail, the weaker trend in the fourth quarter of 2014 carried over to the beginning of the year a 0.5 percent decline in sales during the first quarter. On a like-for-like basis this corresponds to decline of 4.6 percent. However, Bonita showed a satisfactory trend in the first quarter of 2015 with the segment sales increasing by 5.8 percent compared to the prior-year quarter. On a like-for-like basis, Bonita posted a 7.4 percent increase in sales. The company will release the complete 2015 first-quarter report on May 12, 2015.

TOM TAILOR GROUP