DGAP-News: TOM TAILOR GROUP: TOM TAILOR umbrella brand braves winter weather
(firmenpresse) - DGAP-News: TOM TAILOR Holding AG / Key word(s): Development of Sales
TOM TAILOR GROUP: TOM TAILOR umbrella brand braves winter weather
30.04.2013 / 07:30
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TOM TAILOR GROUP: TOM TAILOR umbrella brand braves winter weather
- TOM TAILOR Retail achieves like-for-like growth of 2.3% despite
unfavourable weather conditions
- Downturn for BONITA on like-for-like basis in Q1 2013
Hamburg, 30 April 2013. In the first quarter of 2013, the TOM TAILOR GROUP
was unable to elude weak developments in the textile market which were
caused by poor weather conditions. While TOM TAILOR increased sales in its
own retail stores due to its trend management approach, BONITA was not able
to follow the lead for systemic reasons. Between January and March 2013,
the Group's consolidated retail sales fell by 9.2% on a like-for-like
basis.
The TOM TAILOR retail stores increased their sales by 20.4% in the quarter
under review. On a like-for-like basis, sales increased by 2.3%. The
positive development of TOM TAILOR Retail was also driven by the e-commerce
business, which increased sales by 9.7% in the first quarter. Thus, TOM
TAILOR Retail was once again able to break away from the weak developments
in the German textile retail market, which recorded a 6% decline in sales
during the first quarter. The unfavourable market development was eminently
noticeable in the month of March, which marks the season opening of spring.
In this particular month, the textile industry suffered on average losses
in sales of 10%, reaching a peak of 22% in the 13th calendar week (source:
TW-Testclub 14/2013).
In contrast to TOM TAILOR, BONITA was unable to counteract the challenging
weather conditions and the accompanying drop in store traffic. The sales of
BONITA were therefore around 6.0% below the level of the prior year
quarter. On a like-for-like basis, sales decreased by 15.0%.
'Just like the industry as a whole, TOM TAILOR GROUP suffered due to the
persistently cold winter weather in the first quarter, which caused a drop
in customer footfall in the stores. Despite these highly unfavourable
conditions, our umbrella brand TOM TAILOR achieved like-for-like sales
growth for the seventeenth consecutive quarter. BONITA failed to tap its
potential in the first three months of 2013. However, we are highly
confident that by shortening BONITA's lead times and restructuring its
product development the brand will show again like-for-like growth starting
in the fourth quarter,' said Dieter Holzer, CEO of TOM TAILOR Holding AG.
TOM TAILOR GROUP will be publishing its first quarter report 2013 on 08 May
2013.
About TOM TAILOR GROUP
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 TOM TAILOR umbrella
brand comprises the brands TOM TAILOR Casual, TOM TAILOR Denim and TOM
TAILOR POLO TEAM. Its collections are aimed at customers aged between 0 and
40 and are marketed in more than 35 countries via its wholesale and retail
segments. BONITA, one of Germany's leading fashion brand producers and
retailers, has been a part of the TOM TAILOR GROUP since August 2012.
BONITA sells mens- and womenswear collections for the over-40 age group.
In the 2012 financial year, TOM TAILOR GROUP reported sales of EUR 629.7
million, of which EUR 153.9 million was generated by BONITA. The Group has
approximately 1,300 of its own stores in the retail segment. At the end of
2012 the Group operated 982 BONITA and BONITA men stores and 315 TOM TAILOR
stores. The TOM TAILOR brand is also sold via retail partners. At the end
of 2012, these comprised 175 franchise stores, 2,031 shop-in-shops and
around 6,300 multi-label points of sale.
Further information is also available at www.tom-tailor-group.com and
www.bonita.eu
Media and investor contact
Dr Andrea Rolvering
Head of Investor Relations&Corporate Communications
TOM TAILOR GROUP
Phone: +49 (0) 40 58956-429
Fax: +49 (0) 40 58956-199
Email: andrea.rolvering(at)tom-tailor.com
Erika Kirsten
Corporate Communications
TOM TAILOR GROUP
Phone: +49 (0) 40 58956-420
Fax: +49 (0) 40 58956-199
Email: erika.kirsten(at)tom-tailor.com
End of Corporate News
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30.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: TOM TAILOR Holding AG
Garstedter Weg 14
22453 Hamburg
Germany
Phone: +49 (0) 40 589 56 0
Fax: +49 (0) 40 589 56 398
E-mail: info(at)tom-tailor.com
Internet: www.tom-tailor-group.com
ISIN: DE000A0STST2
WKN: A0STST
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, Hannover, München,
Stuttgart
End of News DGAP News-Service
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209037 30.04.2013
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Datum: 30.04.2013 - 07:30 Uhr
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