DGAP-News

TOM TAILOR GROUP achieves like-for-like growth in retail segment in first quarter

DGAP-News: TOM TAILOR Holding AG / Key word(s): Development of
Sales/Miscellaneous
TOM TAILOR GROUP achieves like-for-like growth in retail segment in
first quarter

16.04.2015 / 07:32

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- Retail segment posts 1.8% like-for-like growth in the first quarter of
2015

- TOM TAILOR Retail in March driven by e-commerce

- BONITA achieves substantial like-for-like sales increase of 7.4%

Hamburg, 16 April 2015. The TOM TAILOR GROUP increased its group-wide
retail sales by 2.9% to EUR 131.3 million in the first quarter of 2015.
BONITA significantly contributed to this development. In addition, the TOM
TAILOR brand benefited from robust e-commerce demand in March. On a
like-for-like basis, TOM TAILOR GROUP posted a sales increase of 1.8% in
its retail activities and thus outperformed the German textile market,
which suffered a 5% drop in sales in the first quarter (Source: TW-Testclub
15/2015).

"The TOM TAILOR GROUP stood out positively with its results in the Retail
segment despite the subdued market development and grew in the first
quarter on a like-for-like basis. However, TOM TAILOR Retail was still
impacted by the noticeable slowdown in the market due to the weak winter
season in January and February. All the more, we are pleased to report that
BONITA recorded a strong start to the year, with its first like-for-like
sales increase in five quarters," said Dieter Holzer, Chief Executive
Officer of TOM TAILOR Holding AG. "This favourable development shows that
our strategic and operational measures are paying off, and that BONITA is
back on track for sustainable growth."

For TOM TAILOR Retail, the weaker trend in the fourth quarter of 2014
carried over to the beginning of the year. An upward movement was seen in
March. The positive performance of TOM TAILOR Retail in March could however
not fully offset the weaker sales in the previous months. The retail
business closed the first quarter with a 0.5% decline in sales. On a
like-for-like basis this corresponds to minus of 4.6%.

By contrast, BONITA showed a highly satisfactory trend in the first quarter
of 2015. The segment increased sales by 5.8% as compared to the prior-year
quarter. On a like-for-like basis, BONITA posted a 7.4% increase in sales.
Factors behind this trend were the positive effects of the improved design
and product quality, the shorter procurement times and targeted promotions,