Tom Tailor: Sales up 1.5%

Fashion retail giant Tom Tailor Group has reported a rise in consolidate sales of 1.5 per cent to € 218.9 million in the first quarter of the current fiscal year compared with € 215.7 million in the corresponding period last year.

The company also informed that its retail sales in the period under review surged 8.4 per cent to € 63.9 million as against € 58.9 million in the same quarter last year. Its wholesale sales zoomed 3.3 per cent to € 87.3 million versus € 84.5 previously.

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“The first months of 2016 were coined by key measures within our ‘CORE’ efficiency program, on one hand, and growth initiatives in the digital segment, on the other. 2016 will be a year of transformation. We are facing up to this challenge with commitment, a strong team and confidence that we can get the Tom Tailor Group back on the course of profitable growth,” said Dieter Holzer, CEO of Tom Tailor Holding while commenting on results.

Headquartered in Hamburg, Germany, Tom Tailor is a vertically integrated lifestyle clothing company, whose core markets are Germany, Austria, Switzerland, the Benelux countries and France.