×
253
Fashion Jobs
ADIDAS
Manager HR
Permanent · BENGALURU
SV MANAGEMENT CONSULTANTS
dy. Manager/ Shift in Charge - Production - Indore
Permanent · Indore
UNISON INTERNATIONAL CONSULTING
Garment Technician
Permanent · National Capital Region
WAYCOOL FOODS AND PRODUCTS
Area Sales Manager/ Sales Officer
Permanent · Chennai
KENAN MANAGEMENT CONSULTANTS
Regional Sales Manager / Area Sales Manager
Permanent · Chennai
VAMSHA RETAIL VENTURES
Foor Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
VAMSHA RETAIL VENTURES
Branch Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
HERITAGE FOODS
Required Area Sales Manager - Vijayawada @ Heritage Foods Ltd
Permanent · Vijayawada
ACULIFE HEALTHCARE
Job Opportunity For Area Sales Manager @ Aculife Healthcare Pvt Ltd
Permanent · Ludhiana
MACROHIRE
Area Sales Manager - Beverage ll Tirupati
Permanent · Tirupati
SMAP LOGISTICS
Area Sales Manager / Smap Logistics
Permanent · Jaipur
SAKSHAM TECHNOLOGIES
Area Sales Manager- Process Equipment Division
Permanent · Hyderabad
RASHMI GROUP MUMBAI
Sales Managers/ Executives (Real Estate) Location: Vasai
Permanent · Mumbai
SAKSHAM TECHNOLOGIES
Area Sales Manager- Medical Equipment Division
Permanent · Bengaluru
DTDC EXPRESS
Sales Manager
Permanent · National Capital Region
PROMETO CONSULTING
Fmcg Area Sales Manager
Permanent · Coimbatore
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Kolkata
Permanent · Kolkata
GENIUS CONSULTANTS
we Are Looking For Sales Manager in Reputed Logistic Organization
Permanent · Ahmedabad
RJCUBE STAFFING SOLUTIONS
Senior Garment Technician For Buying House, Noida Sector 59
Permanent · Noida
HIRING PLUS HR SOLUTION
Icici / Sales Manager / Home Loan ,
Permanent · Vadodara
TALENT CORNER HR SERVICES
Production Manager
Permanent · Bhiwandi
ALUDECOR LAMINATION
Area Sales Manager- Navi Mumbai
Permanent · Navi Mumbai
Published
Nov 10, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tom Tailor Reset programme yields good results

Published
Nov 10, 2017

Management at Tom Tailor Group should be jumping for joy this week with the German company saying its Reset programme is ahead of expectations and it’s “well on the way to achieving the goals” it set itself last year after a bruising period saw it closing stores, cutting brands and the exit of its CEO.


Tom Tailor



In fact, in some areas it’s “close to surpassing” those goals it said as it released its nine-month results statement.

The Reset strategy shift was launched last year after a period of sales and profits pain as it faced the challenge of changing consumer behaviour and taste.

So the result of all the changes it has made, in the latest period, turnover may have been down slightly to €686.2m from €695.1m, but that was due to the aforementioned strategic exit from underperforming stores and underperforming countries.

And there was much better news on margins and profits. The gross margin rose fairly strongly to 56.7% from 53.6% and profit on an ebitda basis soared as much as 66.6% to €52.8 million. Pre-tax profit swung from a loss of €4 million a year ago to earnings of €26.1 million and the company now has a much stronger operating cash flow position.

Of the two core brands, Tom Tailor saw retail turnover up 1.1% to €213.6 million with wholesale growing 2.9% to €270.7 million. The Bonita brand’s operating profit was up “significantly” but its sales dropped by 8.6% to €201.9 million, again as a result of the Reset strategy’s store closure programme.

The company said the second half has seen it driving forward projects that will be key for future development, such as making its business processes digital.

It also said that ebitda will rise sharply for the rest of the year even though turnover will fall.

The company has over a thousand owned and franchised stores plus thousands of concessions and availability in over 7,000 multibrand stores in 35 countries.

Copyright © 2023 FashionNetwork.com All rights reserved.