Tom Tailor Denim
21 Jul. 2011
TOM TAILOR CONTINUES TO GROW SALES IN Q2 2011Tom Tailor Holding AG benefited from the growth in its own stores in the second quarter of 2011. The Hamburg-based company increased sales in the retail segment (including e-commerce) by 63,1% compared to the same period in the previous year. Thus, in the first half of 2011, Tom Tailor achieved like-for-like growth in the retail segment of 7,1%. CEO, Dieter Holzer, commented: “We are pleased for two reasons: First, demand for our lines tom Tailor Denim Male and Denim Female, which both address our young and fashion-conscious target group, developed particularly strong. And second, we benefit from the advanced expansion of our own, controlled distribution areas”.
At the end of June 2011, Tom Tailor operated 215 own retail stores across Europe, compared to 158 stores at the end of 2010. In Q1 2011, the group generated sales of €86.3 million, compared to €76.4 million in Q1 2010.
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