Tom Tailor news and archive

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...

People

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...

People

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...

BusinessMember

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...

BusinessMember

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...

People

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...

FashionPress Release

GREEK FLUTE By TOM TAILOR

By taking inspiration from old libraries and retro varsity looks, Tom Tailor has launched its latest range of Greek Flute collection for men. With a base founded in styles and materials typically of classic fashion, clothes in this range create the Greek look. Considering the international high fashion trends, the collection features neutral...

BusinessMember

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...

BusinessMember

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...

Retail

German brand Tom Tailor looking at pan India footprint

Germany clothing brand Tom Tailor which showcased its latest collection at the Amazon India Fashion Week (AIFW) autumn/winter 2018 edition and is now looking spread out across India. The brand which collaborated with Fashion Design Council of India (FDCI) to showcase its theme collections like Historic Romance, Boss Girl, Rock and Frock is...

BusinessMember

Tom Tailor H1 sales up 2.2 percent

The Tom Tailor Group achieved a slight rise in sales in the second quarter of the fiscal year 2016. In the first half, sales increased 2.2 percent to 451.3 million euros (503.9 million dollars). The company said that the growth was driven by the Tom Tailor brand, which posted gains in both the retail and wholesale segments. Through the end of...