×
90 787
Fashion Jobs
SAKS
Manager, Asset Protection - Wbfc
Permanent · WILKES-BARRE
BLOOMINGDALE'S
Manager, Sales - Handbags/Luggage/Womens Shoes
Permanent · Hackensack
BATH & BODY WORKS
Senior Manager, Content Production
Permanent · REYNOLDSBURG
HUDSON'S BAY
General Manager, The Wellery in Brookfield
Permanent · NEW YORK
HBC
General Manager, The Wellery in Brookfield
Permanent · New York
MACY'S
Manager, Weekend Operations (Fri to Sun, 6:30am to 6:30pm)
Permanent · Columbus
MACY'S
Asset Protection Detective, Castleton - Full Time
Permanent · Indianapolis
MACY'S
Manager, Merchandise Execution
Permanent · San Francisco
MACY'S
Asset Protection Officer, Columbus - Full Time (2840)
Permanent · Columbus
MACY'S
Asset Protection Detective, Santa Anita - Full Time
Permanent · Arcadia
MACY'S
Asset Protection Detective, Mall at Greece Ridge Center - Full Time
Permanent · Rochester
MACY'S
Inventory Control Processor, Chicago - Full Time (3200)
Permanent · Minooka
MACY'S
Asset Protection Captain, Antelope Valley - Full Time
Permanent · Palmdale
MACY'S
Beauty Account Coordinator - Clinique
Permanent · Alpharetta
MACY'S
Asset Protection Detective, Florida Mall - Full Time
Permanent · Orlando
MACY'S
Asset Protection Detective, Roseville Galleria - Full Time
Permanent · Roseville
MACY'S
Manager, Asset Protection - Multi Store
Permanent · Austin
MACY'S
Manager, Merchandise Execution
Permanent · Sarasota
ATHLETA
General Manager - The Gardens Mall
Permanent · Palm Beach Gardens
RAG & BONE
Sales Supervisor (Full -Time) - Georgetown Women's
Permanent · Washington
RAG & BONE
Sales Supervisor (Full -Time) - Atlanta
Permanent · Atlanta
CLARKS
Junior Finance Analyst
Permanent ·
By
EFE
Translated by
Barbara Santamaria
Published
Jul 30, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tendam Ebitda doubles to €44.6 million in first quarter

By
EFE
Translated by
Barbara Santamaria
Published
Jul 30, 2019

Tendam Brands, the parent owner of Cortefiel, Pedro del Hierro, Women’Secret, Springfield and Fifty, has announced that earnings before interest, tax, depreciation and amortization (EBITDA) doubled to €44.6 million ($50m) in the first three months of the year ended May.

Tendam has reported sales of 218.9 million euros in the first three months of the year - Women'secret


The figure excludes the effect of IFRS 16. Taking into account the IFRS standard, Ebitda fell by €4.9 million, the group announced.

Sales for the period ended May rose to €218.9 million while revenues dropped 1.1% due to bad weather in April and the calendar effect of Easter.

Like-for-like sales grew by 4% in May, and continued to do so in June, when they increased by 4.7%.

Meanwhile, online sales performed well across all brands, and rose by 33% during the first quarter of the year.

Revenues for the past 12 months have increased by 0.2% compared to the same period last year, growing from €1.145 billion to €1.148 billion.

At the end of the first quarter, Tendam had a gross margin of 67.9%, which is up by 0.4% on last year, driven by a reduction in stock. 

The group added that profit before taxes reached €77.4 million in the period between June 2018 and May 2019, more than doubling the number seen in the prior year’s period, when it reached €37 million.

Tendam, which has a presence in more than 80 countries, opened 10 new directly-operated stores in the first three quarters. It now has 2,014 locations worldwide.

Tendam chairman and CEO Jaume Miquel said that the group’s outlook for the year “continues to be positive, with a sustained improvement in comparable sales, high growth in the digital area, margin improvements and continued stock optimisation.”

Tendam has announced that it will soon launch a universal credit card for all members of the Cortefiel loyalty scheme in partnership with Santander Bank.

© EFE 2022. Está expresamente prohibida la redistribución y la redifusión de todo o parte de los contenidos de los servicios de Efe, sin previo y expreso consentimiento de la Agencia EFE S.A.