Tom Tailor news and archive

Tom Tailor partners with Dutch repair platform Mended

Almost a year ago, in May 2024, Mended, the Dutch online platform for clothing alterations and repairs, expanded into Germany. Initially, this was through a partnership with Cologne-based sustainable brand Armedangels. This partnership proved so successful, generating 100 repair orders within 15 minutes of launch, that Mended is now...

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Inspecs Group reports sales decline and higher loss

British eyewear group Inspecs Group plc faced a decline in sales and a significantly higher loss in fiscal year 2024. CEO Richard Peck attributed the results, published on Thursday, to generally weaker customer demand. In light of the "difficult macroeconomic conditions," he stated that the company had demonstrated "resilience" and made...

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Tom Tailor: Wholesale boss David Meyer leaves

Tom Tailor and David Meyer, General Manager Business-to-Business (B2B), are going their separate ways. Meyer is leaving the Hamburg-based clothing retailer on February 28 "by mutual agreement," Tom Tailor announced on Wednesday. He joined the company in November 2021 and took over his previous position around a year later. He was responsible for...

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Success Story: Tom Tailor Driving Growth Through an Opportunity-Driven System

As competition increases and footfall declines, a growing number of brick-and-mortar retailers are turning to performance and labour analytics to make smarter decisions on how to hit targets. Here we talk to Alexander Mahler, Head of Retail Operations at Tom Tailor, to find out how StoreForce has empowered its teams to maximise sales by...

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Tom Tailor receives 100 million euros loan

Tom Tailor GmbH has announced that the German federal government, together with federal states of Hamburg and North Rhine-Westphalia has extended a government guarantee for an operating loan of 100 million euros for the Tom Tailor subgroup, until the end of September 2024. Additionally, the company said in a statement that the consortium of...

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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...

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COVID-19 impact: Tom Tailor to only publish preliminary results today

Tom Tailor SE has announced that it will publish the preliminary results for fiscal 2019 rather than the full financial statements as originally planned owing to the significant worsening of market conditions in almost all markets relevant to the Tom Tailor Group due to the corona crisis and the associated risks for the financing and liquidity...

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Andrea Homann, Tom Tailor’s VP Product to leave company

Andrea Homann, vice president product and managing director product and procurement at Tom Tailor GmbH since 2015 has decided not to extend her contract which expires on March 31, 2020, and will leave the company after 12 years in strategic and operational product management. “The decision was not an easy one, as I have a very strong connection...

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Tom Tailor Q3 profits drops 3 percent

Tom Tailor reported its net profit for Q3 slipped on Thursday. Revenues decreased by 1.4 percent from the same period last year. For Q3, the company's net profit was 118 million euros, slipped from 122 million euros last year. Revenues slipped to 211 million euros. Compared to 57 percent a year ago, the profit margin of the company slipped to 56...

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Tom Tailor revenues decrease 8 percent for FY18

The company said on Wednesday its FY18 net profit decreased. Compared with the same period last year, revenues also slipped by 8 percent. For FY18, the company's net profit was 490 million euros, dropped from 538 million euros last year. Furthermore, revenues dropped to 844 million euros. Compared to 58 percent a year ago, the profit margin of...

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Tom Tailor appoints Christian Werner its new CFO

The Tom Tailor Group has signed a new consortium loan agreement, effective until September 30, 2022, which includes a further credit line of 10 million euros, bringing the total volume to 375 million euros. The company also announced that as part of the agreement, CFO Thomas Dressendörfer will resign from the management board, who will be...

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Tom Tailor agrees to new financial structure with banks and Fosun

Troubled fashion retailer Tom Tailor Group has reached an agreement with the consortium banks and majority Chinese shareholder Fosun on a new financing structure until the end of September 2022. Due to the planning timeframe through to 2022, the company’s management board has adjusted the preliminary results for fiscal 2018 that were published...