Tom Tailor brand's Q3 sales rise amid difficult market

Tom Tailor Group said in a statement that despite the company still fighting difficult conditions of the textile market, Tom Tailor brand sales in the third quarter improved by 1.9 percent to 163.6 million euros (184 million dollars). The company said, the whole textile industry suffered under the challenging long and hot summer, which was one of the reasons for the slowing business and decline in sales in own stores. Sales of the Bonita brand dropped by 16.7 percent to 50.7 million euros (57 million dollars). The company expects that the return to a sustainable profit growth will take even longer than expected, and affects the growth of the whole group in a negative way. In the third quarter, total turnover of the group shrunk by 3.2 percent to 214.3 million euros (241 million dollars).