×
261
Fashion Jobs
RELIANCE INDUSTRIES LTD
Sales Officer - Saree Specialist - Chennai t.Nagar
Permanent · CHENNAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HYDERABAD
SPACE CONSULTANTS
Manager-Sales&Marketing
Permanent · Bhiwani
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · PANCHKULA
GENIUS CONSULTANTS LIMITED
HR Executive(Female)@Leading Hosiery Manufacturing Company in Agarpara
Permanent · KOLKATA
SHOPPERS STOP LTD
Unit HR Head
Permanent · MUMBAI
FLOOR & FURNISHINGS INDIA PRIVATE LIMITED
Sales Executive/ Sales Officer
Permanent · PANCHKULA
SELECTIVE GLOBAL SEARCH PVT. LTD.
Retail Sales Executive
Permanent · MUMBAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HALDWANI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Aligarh
SREEDHARA TEXTILES PRIVATE LIMITED
Deputy Manager - Fabric
Permanent · COIMBATORE
PANACEA VENCER
we Have Opening For Accounts Manager & Finance Manger For Garments
Permanent · COIMBATORE
JOBZ DADDY
Category Head For Home Decor of The Top Most Designer of India
Permanent · GURUGRAM
SMART SOURCE
Manager Market Place - Leading Fashion Retail - Bangalore
Permanent · Bengaluru
NCDI PLACEMENT CONSULTANCY
Accounts Executive For Retail Industry
Permanent · Lucknow
NCDI PLACEMENT CONSULTANCY
Customer Relationship Managere For Retail Industry
Permanent · LUCKNOW
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU

Sales at Tendam fall 3.8% in first quarter

By
Europa Press
Translated by
Barbara Santamaria
Published
today Jul 27, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sales at Tendam, the fashion chain that owns brands including Cortefiel, Pedro del Hierro, Springfield, Women’Secret and Fifty, declined by 3.8% to 221.3 million euros ($258m, £196m) in the first quarter of the year, between 1 March and 31 May 2018, compared with 230.3 million euros in the same period the prior year, announced the company in a statement.


Macarena García and Pablo López in Springfield's latest campaign - Springfield


The clothing company explained that the results were impacted by the early Easter, lower sales of summer products and negative currency effects.

Meanwhile, revenue for the past twelve months remained flat with respect to the comparable period, reaching 1.14 billion euros ($1.33bn, £1bn) against 1.15 billion euros in the same period last year.

Tendam’s chief executive Jaume Miquel said the company continued to execute its strategic plan by “increasing investment to support the brands, the digital transformation, the CRM system and the rapid expansion in key markets.”

“Efficient management has continued to be the basis of our performance, resulting in substantial improvements in margin and a decline in stock levels,” he said.

EBITDA stood at 18 million euros ($21m, £15.9m), down 19% from the 22.3 million it had posted in the first quarter of the previous year, while underlying EBITDA for the past 12 months reached 165.5 million euros ($193m, £147m).
ONLINE SALES ACCOUNT FOR 6.6% OF THE TOTAL

The group said its e-commerce channel enjoyed “strong growth”, after growing by 21.5% this quarter boosted by the group’s Cortefiel and Springield brands, which experienced growth of around 25%.

By the end of May, the online channel represented 6.6% of the total sales of Tendam, compared to 5.2% in the first quarter of last year.

Meanwhile, sales attributable to loyalty schemes accounted for 78% of total sales.

The CEO confirmed that, in the coming months, the company will seek to accelerate “key projects” in the areas of CRM to boost its personalisation, loyalty and multichannel capabilities. “We want to take the dialogue we have with our partners to a higher level of engagement, and we have the right tools and team to do that,” he said.

“In the digital area, we will expand our online presence to new strategic markets during the second half,” Miquel continued, adding that a click and collect service will also roll out in some of its directly-operated markets.

Tendam has launched an expansion plan that has seen the opening of 15 new stores during the first quarter of the 2018/19 financial year.

As of 31 May, the group had a total of 2,002 stores (compared to 1,988 in February), including 1,195 directly-owned, 690 franchised locations and 117 concessions – all spread across 91 countries.

Copyright © 2020 Europa Press. Está expresamente prohibida la redistribución y la redifusión de todo o parte de los contenidos de esta web sin su previo y expreso consentimiento.