DGAP-News: TOM TAILOR Retail continues course for growth in the second quarter despite unfavourable weather conditions
(firmenpresse) - DGAP-News: TOM TAILOR Holding AG / Key word(s): Development of Sales
TOM TAILOR Retail continues course for growth in the second quarter
despite unfavourable weather conditions
24.07.2013 / 11:02
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TOM TAILOR Retail continues course for growth in the second quarter despite
unfavourable weather conditions
- TOM TAILOR Retail boosts like-for-like sales by 13.1%
- Downward trend at BONITA in Q2 in line with expectations
Hamburg, 24 July 2013. In the second quarter, TOM TAILOR GROUP has
successfully held its ground: Despite unseasonably cold spring
temperatures, the Company recorded a slight increase of 0.7% in
like-for-like sales with its two umbrella brands TOM TAILOR and BONITA. The
TOM TAILOR umbrella brand was the primary growth engine by defying the
difficult market environment and achieving a sales increase of 30.5% in its
retail sales channel. On a like-for-like basis, sales grew by 13.1%. TOM
TAILOR also registered growth in the e-commerce business, where sales
climbed by 27.3%. In line with expectations, the BONITA umbrella brand was
unable to set against the declining market trend. Due to systemic reasons,
BONITA recorded a 4.7% fall in sales in the second quarter. On a
like-for-like basis, sales decreased by 5.0%.
'With sales up 13.1%, TOM TAILOR Retail posted like-for-like growth for the
eighteenth quarter in a row, outperforming the market by far. TOM TAILOR
has once again demonstrated its strong ability to achieve growth, which
rests on its analytical trend management, customer proximity and flexible
sourcing structures. In the future, these success factors will also take an
effect on BONITA. Commencing this fall, stores will be stocking the new
BONITA styles, which have been manufactured using our tried-and-tested
concept. We are confident that positive momentum will start to emerge at
BONITA from the fourth quarter onwards,' said Dieter Holzer, CEO of TOM
TAILOR Holding AG.
The effects of the difficult weather conditions are also mirrored in the
half-yearly analysis. In this context, TOM TAILOR GROUP recorded a 4.0%
drop in like-for-like retail sales. Sales at BONITA fell by 6.2%,
corresponding to a like-for-like reduction of 9.6%.
On the contrary, TOM TAILOR Retail achieved a 25.7% increase in sales in
the first half of the year, which corresponds to a 7.9% rise on a
like-for-like basis. The TOM TAILOR umbrella brand thus, once again,
outperformed the market substantially. The German textile sector as a whole
closed the first half of 2013 with a 3% drop in sales.
Due to the weather conditions, the whole German fashion sector faced a
sales decline. In addition, sales promotions started untypically early due
to the long winter and the cold and moist temperatures in early summer.
Since the beginning of the year, the sector has only seen a slight 1% rise
in sales in the month of June (source: TW Testclub 27/2013).
Overall, TOM TAILOR GROUP showed a successful development in the first half
of 2013. However, as the second quarter proved to be very demanding, too,
TOM TAILOR was not able to fully compensate for the difficult first quarter
developments.
TOM TAILOR Holding AG will publish its complete report on the first half of
2013 on 08 August 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, 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, the 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 own stores in the retail segment. About 1,000
of these are BONITA and BONITA men stores, and 330 are TOM TAILOR stores.
The TOM TAILOR brand is also sold via retail partners.
Further information is also available at www.tom-tailor-group.com and
www.bonita.eu
Media and investor contact
Felix Zander
Head of Investor Relations&Corporate Communications
TOM TAILOR GROUP
Phone: +49 (0) 40 58956-449
Fax: +49 (0) 40 58956-199
Email: felix.zander(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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24.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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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222632 24.07.2013
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Datum: 24.07.2013 - 11:02 Uhr
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