Tom Tailor turnover slightly increases

Tom Tailor turnover slightly increases

Germany fashion company Tom Tailor's second quarter retail turnover has grown 0.8 %, to 150 million euro. Its eponymous brand's retail turnover grew 8.8 % and its like-for-like turnover went up 1.3 %.

New strategy for Bonita

Its affiliate brand Bonita did not perform as well, as its like-for-like turnover dropped 9.1 %, but it had been taken into account as it was part of brand's strategy change. The board aims to focus on expanding qualitative sales instead of quantitative and its gross profit margin grew 4.6 % to 70 %.

 

"We consistently pursue our path at Bonita, emphasizing on the development of a strong product portfolio. Our clear target for the brand is to return to like-for-like growth over the medium term. The Tom Tailor brand will continue to serve as model for this", Tom Tailor Holding's CEO, Dieter Holzer, said.

Questions or comments? Please feel free to contact the editors


Small Belgian brewery conquers Brazil thanks to playing cards

13/09/2017

Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods

12/09/2017

Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry

12/09/2017

Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets

12/09/2017

Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize

10/09/2017

Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth

08/09/2017

Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top