TOM TAILOR Holding SE : Profit warning triggers cut in our estimates, but turnaround story basically intact
>Profit warning mainly due to long hot summer - In recent weeks, Tom Tailor’s share price was already under pressure because of profit warnings issued by Esprit, Gerry Weber and Zalando. On 20 September, TT issued a profit warning as well. Similar to Gerry Weber, TT blamed the exceptionally long hot summer which caused a decline in customer footfall as well as a delayed start of the season for the autumn/winter collections, combined with several promotional campaigns ...Tom Tailor Holding is a fashion and lifestyle company that provides casual wear. Co.'s product lines include TOM TAILOR MEN, WOMEN, KIDS, MINIS and BABY product lines under the TOM TAILOR brand. The collections for men include T-shirts, polo shirts, sweatshirts, jumpers, jackets, coats, blazers, knitwear, trousers and jeans. The collections for women include T-shirts, blouses, lingerie, sweatshirts, knitwear, jumpers, jackets, coats, blazers, dresses, skirts, trousers and jeans, among other items. Co. sells its collections via its retail segment (sales to customers) and the wholesale segment (sales to resellers). As of Dec 31 2013, Co. sold its products in more than 35 countries worldwide.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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