TOM TAILOR GROUP news and archive

Tom Tailor Group ropes in Dr Gernot Lenz as the company's new CEO

The Tom Tailor Group has appointed Dr Gernot Lenz as the company’s new CEO in place of Dr Heiko Schäfer effective November 1, 2019. The company said in a statement that Dr Lenz was most recently CEO of the s.Oliver Group and before that, held the positions of COO Tommy Hilfiger Global and PVH Europe in Amsterdam, where his responsibilities...

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Tom Tailor Group sales drop 2.2 percent in Q1

The Tom Tailor Group said, at 189.7 million euros (226 million dollars), group sales were down 2.2 percent compared to the same period of the previous year. The share of sales generated by the decreases due to 'Reset', the company added, amounts to 24.9 million euros (29.6 million dollars) for the first quarter. Reported EBITDA amounted to 4.1...

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Tom Tailor Group's sales drop but EBITDA improves 66.6 percent

The Tom Tailor Group has said that due to the consistent implementation of measures to optimise costs and processes under its ‘RESET’ programme, EBITDA rose in the nine-month period by 66.6 percent to 52.8 million euros (61 million dollars) and group EBIT improved from negative 4 million euros (4.6 million dollars) to 26.1 million euros (30...

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Tom Tailor: H1 sales down 1.1 percent but EBITDA improves 63 percent

Tom Tailor Group said that despite a slight 1.1 percent decline in sales to 446.3 million euros (523 million dollars) in the first half, due to the clean-up of the product and store portfolios, the earnings situation was noticeably improved. EBITDA increased by about 63 percent to 30.7 million euros (36 million dollars). "We are making good...

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Heiko Schäfer takes over as the CEO of Tom Tailor Group

The Supervisory Board of Tom Tailor Holding has appointed Heiko Schäfer as Chief Executive Officer (CEO) effective March 15, 2017. Schäfer joined the Tom Tailor Group in December 2015, initially as the COO, before also assuming duties as CEO on an interim basis in September 2016. As the new CEO, he will now head the company’s Executive Board,...

Business

Tom Tailor posts 0.8 percent increase in nine months sales

Tom Tailor Group sales in the first nine months increased by 0.8 percent to 695.1 million euros (758 million dollars) benefited from a strong performance by Tom Tailor. Gross profit increased slightly by 0.6 percent to 388.4 million euros (423 million dollars). Adjusted EBITDA reached 31.7 million euros (34 million dollars), 13.1 percent lower...

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Tom Tailor to exit unprofitable markets, shut stores for growth

Tom Tailor Group's new management team has initiated a set of new initiatives to further improve the profitability of the Group. Through its new growth measures, the company aims to sustainably strengthen earnings power and unlock financial resources for investments in the Group's digital sales channels and brands, while discontinuing...

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Tom Tailor Q1 sales up 1.5 percent, steps up plan to boost profit

The Tom Tailor Group has started the fiscal year 2016 with a slight increase in sales. In the first three months of the year, sales grew by 1.5 percent to 218.9 million euros (249.3 million dollars). The company said that it benefited from the growth dynamics of the Tom Tailor brand with a positive sales development in both the retail and...

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Tom Tailor FY15 net sales improve 2.5 percent

Tom Tailor Group has said that according to preliminary figures, increased its net sales by 2.5 percent in the year under review to 955.9 million euros (1,055 million dollars) against 932.1 million euros (1,028.7 million dollars) in the previous year. The company said results exceeded the concretized net sales forecast of 945-955 million euros...

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Tom Tailor reports 1.5 percent rise in revenues

The Tom Tailor Group said that it achieved further growth in the first nine months of 2015 despite the ongoing challenges posed by the market. The company posted sales increases in all segments, with a group-wide increase in revenues of 1.5 percent to 689.6 million euros (741 million dollars). “Considering the difficult market environment, we...

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Tom Tailor reports moderate like-for-like sales growth in Q3

The Tom Tailor Group reported a like-for-like sales growth of 0.7 percent by the end of September. After the successful first half of the year, the company said that the third quarter was affected by the weak market in the month of August and delayed delivery of goods and the strong performance in September, with a sales increase of 11.2 percent...

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Tom Tailor Group reports 3.8 percent rise in H1 sales

The Tom Tailor Group grew in all segments in the first half of the year with sales increasing by 3.8 percent to 441.5 million euros (484.2 million dollars) and benefited in the second quarter from good dynamics across all segments. On the income side, the gross profit margin decreased slightly. Recurring EBITDA amounted to 26.3 million euros...