Tom Tailor news and archive

Tom Tailor partners with Dutch repair platform Mended

Almost a year ago, in May 2024, Mended, the Dutch online platform for clothing alterations and repairs, expanded into Germany. Initially, this was through a partnership with Cologne-based sustainable brand Armedangels. This partnership proved so successful, generating 100 repair orders within 15 minutes of launch, that Mended is now...

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Inspecs Group reports sales decline and higher loss

British eyewear group Inspecs Group plc faced a decline in sales and a significantly higher loss in fiscal year 2024. CEO Richard Peck attributed the results, published on Thursday, to generally weaker customer demand. In light of the "difficult macroeconomic conditions," he stated that the company had demonstrated "resilience" and made...

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Tom Tailor: Wholesale boss David Meyer leaves

Tom Tailor and David Meyer, General Manager Business-to-Business (B2B), are going their separate ways. Meyer is leaving the Hamburg-based clothing retailer on February 28 "by mutual agreement," Tom Tailor announced on Wednesday. He joined the company in November 2021 and took over his previous position around a year later. He was responsible for...

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Andrea Homann, Tom Tailor’s VP Product to leave company

Andrea Homann, vice president product and managing director product and procurement at Tom Tailor GmbH since 2015 has decided not to extend her contract which expires on March 31, 2020, and will leave the company after 12 years in strategic and operational product management. “The decision was not an easy one, as I have a very strong connection...

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Tom Tailor Q3 profits drops 3 percent

Tom Tailor reported its net profit for Q3 slipped on Thursday. Revenues decreased by 1.4 percent from the same period last year. For Q3, the company's net profit was 118 million euros, slipped from 122 million euros last year. Revenues slipped to 211 million euros. Compared to 57 percent a year ago, the profit margin of the company slipped to 56...

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Tom Tailor revenues decrease 8 percent for FY18

The company said on Wednesday its FY18 net profit decreased. Compared with the same period last year, revenues also slipped by 8 percent. For FY18, the company's net profit was 490 million euros, dropped from 538 million euros last year. Furthermore, revenues dropped to 844 million euros. Compared to 58 percent a year ago, the profit margin of...

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Tom Tailor board in negotiations for CEO and CFO's exit

Troubled fashion retailer Tom Tailor has announced through a brief statement on Tuesday that the company is currently in discussions with CEO Dr Heiko Schäfer and CFO Thomas Dressendörfer regarding their departure from the company before their contract’s maturity. The Hamburg, Germany based fashion chain recently managed to reach an agreement on...

Fashion

Tom Tailor launches new smart casual line for women

German clothing company Tom Tailor has announced its new smart casual line "mine to five", which addresses the needs of a workforce comprised increasingly of women. They question the old-fashioned rules of office wear with black costumes and pantsuits more and more, according to the company in a press release on Tuesday. The new line will be...

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Fosun may obtain full control of German fashion retailer Tom Tailor

China’s Fosun International Ltd may obtain full control of German fashion retailer Tom Tailor, in which the company currently holds a stake of about 29 percent. Fosun informed the European Commission on December 21 that it may passively obtain “de facto control” of the Hamburg-based retailer after attendance rates at past shareholder meetings...

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Fashion crisis: more and more popular brands are struggling

The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee a secure future. More and more established...

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Tom Tailor brands manage to post 1.2 percent rise in H1 sales

The Tom Tailor Group has said that in the first half of 2018, the company was able to increase sales of its Tom Tailor brands by 1.2 percent to 277.8 million euros (322.9 million dollars), while the Group's total sales fell by 1 percent to 399.3 million euros (464 million dollars), due to technical difficulties in starting up the new e-shops at...

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Tom Tailor witnesses upsurge in FY17 profitability

The Tom Tailor Group reported EBITDA growth to reach 83.1 million euros (102.5 million dollars) compared to 10.3 million euros (12.7 million dollars) in 2016 and EBIT increased to 43.9 million euros (54.1 million dollars). The company said, separation from low-margin product lines, stores and markets, an increased efficiency in the supply chain...