• H1 net loss down 62% to EUR5.3m
  • Sales rise 4.5% to EUR425.2m
  • Tom Tailor brands continue to drive growth
Tom Tailor’s retail sales surged up 14.8% in the first half

Tom Tailor’s retail sales surged up 14.8% in the first half

German fashion business Tom Tailor Group saw its first-half losses more than halved as sales of its main Tom Tailor brands rose across all sales channels.

Those brands’ revenues were up 11% to EUR271.4m, but revenues for the company’s Bonita label fell 5.4% to EUR153.8m as the company continued to reduce the number of sales promotions, with like-for-like sales down 8.7%.

Tom Tailor’s retail sales surged up 14.8% to EUR123.8m, while e-commerce revenues rose 19.3% to EUR22.1m, retail like-for-likes increased 5.5% and wholesale revenues were up 8% to EUR147.6m.

“Our focus on profitable growth continues to pay off,” said Dieter Holzer, CEO of Tom Tailor Group.

“A major contribution came from the Tom Tailor segment, with the retail business once again succeeding in detaching itself from the stagnating market trend.”

The company said prospects for the second half of the year were “steady”, adding that it expected the consumer climate in core markets to remain upbeat.

Tom Tailor confirmed guidance of full-year sales exceeding EUR950m and a recurring EBITDA margin of about 10%.