Tom Tailor Q3 sales increase by 4 percentThursday, 18 October 2012
Tom Tailor Holding AG experienced continued dynamic growth
in the third quarter of 2012. For the first time, including Bonita Group’s August and September figures, company achieved like-for-like growth of 3.9 percent in the third quarter. The retail stores including e-commerce saw increase in sales by 28.5 percent in the quarter under review, or by 16.2 percent on a like-for-like basis.
“We saw pleasing sales of our Tom Tailor autumn range in September, achieving a sales increase of 15.3 percent on a like-for-like basis, while the market as a whole grew by an average of 5 percent,” said Dieter Holzer, CEO of Tom Tailor Holding AG.
As anticipated, the Bonita brand’s like-for-like sales were down by around 3 percent year on year in both August and September. “We know that it will take time for Bonita to get back on track for like-for-like growth. In the months ahead, we will endeavour to create sustainable conditions for this to happen,” explained Holzer.
The Tom Tailor Group is an international fashion and lifestyle company offering stylish casual wear and accessories in the medium price range through its umbrella brands Tom Tailor and Bonita. The Group achieved sales of 412 million euros (540 million dollars) in 2011. In its financial year ending February 2012, Bonita generated sales of 379 million euros (496 million dollars).