Tom Tailor to exit unprofitable markets, shut stores for growth

Tom Tailor Group's new management team has initiated a set of new initiatives to further improve the profitability of the Group. Through its new growth measures, the company aims to sustainably strengthen earnings power and unlock financial resources for investments in the Group's digital sales channels and brands, while discontinuing loss-making activities. The Group will also withdraw from unprofitable foreign markets, close additional retail stores and curtail selected product lines.