Tendam news and archive

Tendam posts Q1 like-for-like sales growth of 6 percent

In the first quarter, Tendam posted total revenue of 253.8 million euros, up by 4.6 percent year-on-year. Like-for-like revenue increased by 6 percent versus the first quarter of FY2023. Recurring EBITDA for the quarter was 57.1 million euros, up by 10 percent. Commenting on the trading results, Jaume Miquel, chairman of the board of directors...

Report

Tendam raises EBITDA outlook on strong Q3

Tendam Brands third quarter revenues stood at 278.2 million euros, reflecting growth of 5.7 percent versus Q3 2022 and 8.5 percent versus the same period of 2019. Total sales rose to 884.3 million euros over the nine month period, up 5.2 percent year-over-year and 8.4 percent versus the same period of 2019. Like-for-like sales grew by 6.2...

Business

Tendam enters India through strategic partnership with e-tailer Myntra

Spanish fashion conglomerate Grupo Tendam, parent company to fashion chains and brands such as Cortefiel, Springfield and Women'secret, has announced a partnership agreement with Indian fashion e-tailer Myntra for its entry, growth and expansion in the strategic Indian market. The first steps in this direction have already been taken with the...

Report

Tendam records strong revenue and profit growth, considers IPO

Tendam Brands, the parent company of Tendam, reported revenues in the first half stood at 606.2 million euros, up 5 percent versus the same period last year. The company’s like-for-like sales increased by 6.2 percent. At the end of the first half, Tendam's gross margin stood at 63.3 percent, up 1 percentage point year on year, adjusted EBITDA...

Report

Tendam like-for-like sales increase 10.4 percent versus 2021

Tendam Brands, the parent company of Tendam, announced that in the financial year 2022, its total sales rose 8.8 percent to 1.21 billion euros. The company said in a statement that on a like-for-like basis, sales were up 10.4 percent versus 2021 and 9.2 percent versus 2019. Tendam’s digital business posted growth of 10.6 percent and now accounts...

Retail |INTERVIEW

Antonis Kyprianou, Tendam: "We are pursuing a more aggressive franchising strategy"

The Spanish Tendam Group, one of Europe's leading omni-channel groups in the specialised fashion sector and the second in the Spanish market by market share, as well as parent company of brands such as Cortefiel, Pedro del Hierro, Springfield or Women'secret, has announced the opening of five new physical shops in Latin America. The announcement...

Business

H&M, Inditex and Mango among retailers establishing textile waste association

Decathlon, H&M, Ikea, Inditex, Kiabi, Mango and Tendam have partnered to create the Association for Textile Waste Management, with the aim of managing clothing and footwear waste generated in the Spanish market. Through association with the Collective System of Extended Producer Responsibility (SCRAP) legislation, the group wants to boost...

Fashion

Tendam launches new menswear label Ooto together with Andrés Velencoso

Spanish fashion retailer Tendam Group has launched its tenth private label Ooto (in reference to “Out of the Office”) in collaboration with international model Andrés Velencoso. It is aimed at men over 35 who “strike a perfect balance between life in and outside the office and who value sustainability”, according to a press release. Image: André...

ManagementFeatured

Tendam reports 18.6 percent increase in Q1 revenue

Spanish fashion group Tendam has reported robust sales in the first quarter of the year, comfortably surpassing pre-Covid levels. In the three months to March 1, revenue came in at 234.8 million euros, up 18.6 percent from a year ago and up 7.3 percent from the first quarter of 2019. On a like-for-like basis, sales were up 16.9 percent from a...

RetailFeatured

Tendam CEO at WRC 2022: ‘Soft skills will be key for future CEOs’

Jaume Miquel, the president and CEO of Spanish fashion retailer Tendam Group, was one of the attendees of the World Retail Congress (WRC) 2022, which took place in Rome from April 5 to April 7. Miquel gave a presentation about what the post-pandemic era might look like for the retail sector, and explained his role within Tendam, which is the...

Retail

Tendam enters Puerto Rico with Springfield store

Spanish fashion group Tendam has entered a new market after its Springfield brand opened its first store in Puerto Rico. The 270 square metre store is located at the Plaza Las Américas shopping centre in the island’s capital. Tendam said the new store targets an urban market between the ages of 25-35 and will feature the latest collections for...

Report

Tendam acquires majority stake in Slowlove amid portfolio expansion

Spanish fashion retailer Tendam has acquired a majority stake in label Slowlove for an undisclosed sum in the latest addition to its growing portfolio. Tendam, which also owns brands the Cortefiel, Pedro del Hierro, Springfield, Women’secret, Fifty brands, and Hoss Intropia, will assume responsibility for Slowlove’s operational management. But...