Tom Tailor news and archive

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...

Business

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...

BusinessFeatured

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...

Business

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...

People

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...

Business

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...

Business

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...

People

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...

Business

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...

People

Tom Tailor board in negotiations for CEO and CFO's exit

Troubled fashion retailer Tom Tailor has announced through a brief statement on Tuesday that the company is currently in discussions with CEO Dr Heiko Schäfer and CFO Thomas Dressendörfer regarding their departure from the company before their contract’s maturity. The Hamburg, Germany based fashion chain recently managed to reach an agreement on...

Fashion

Tom Tailor launches new smart casual line for women

German clothing company Tom Tailor has announced its new smart casual line "mine to five", which addresses the needs of a workforce comprised increasingly of women. They question the old-fashioned rules of office wear with black costumes and pantsuits more and more, according to the company in a press release on Tuesday. The new line will be...

Business

Victory & Dreams acquires Bonita from Tom Tailor

Dutch company Victory & Dreams International Holding BV has acquired fashion brand Bonita from German group Tom Tailor Holding SE. The agreement still needs to be approved by the authorities and the terms of sale haven’t been disclosed. Tom Tailor had already announced its intention to sell Bonita in December 2018. “The sale of Bonita is an...