Fashion

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
percent.

Tom Tailor Holding (ETR: TTI) is a German lifestyle clothing company. It
was founded in 1962 in Hamburg. Tom Tailor mainly provides classic and
up-to-date casual wear and accessories for men, women, young adults and
children. Tom Tailor is present in 35 countries.

As of 2019, Tom Tailor has more than 6,200 employees and operates over
500 stores.

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