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CDP recognises Tendam’s efforts in the fight against climate change
The Madrid-based fashion brand, which took part in the ranking for the first time ever, was awarded a B CDP (formerly the Carbon Disclosure Project) is a globally recognised leader in carbon footprint data processing Tendam, one of Europe’s leading fashion retailers operating in the specialized chain segment, which encompasses the Cortefiel, Pedro de Hierro, […]
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Tendam posts positive EBITDA and EBT in Q2 2020/21
Pre-IFRS16 adjusted EBITDA totalled €31 million and EBT stood at €8.7 million. The company generated €74.6 million in free cash flow, improving its liquidity position over August 2019. Tendam’s flexibility and operational capacity allowed it to drive down stock levels by €30.7 million or 18.4% year-on-year. Online sales rose 40.5% between June and August and […]
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Tendam’s online sales grow by 54% in the first quarter of financial year 2020/21 and positively offset drop in total revenues
In the first quarter of the financial year – which coincided with the Covid-19 lockdown period of March, April and May – online sales grew by 54% to represent 44% of total sales in Spain. Total revenues were down by 76.2% versus the first quarter of financial year 2019/20. Physical stores were closed throughout practically […]
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Tendam’s total sales grew by 3.2% to 1.19 billion euros and adjusted EBITDA stood at 162 million euros in financial year 2019/20
Tendam’s revenues were buoyed by impressive fourth quarter growth (+6.4%) and consistent quarter-on-quarter improvement over the course of the year. All group brands reported growth in like-for-like sales. Online sales increased by 28% to represent almost 10% of total sales in Spain in 2019. Tendam expects to triple its digital business over the next three […]
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Banks back Tendam’s plan with €132.5 million
Financing has been provided by Banco Santander, the Official Credit Institute (ICO), BBVA, CaixaBank, Société Générale, Bankia, Banco Sabadell and Crédit Agricole, and will help to protect the liquidity of the Group and provide a larger safety net for the management of the business within the context of Covid-19. In February Tendam closed its financial […]
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TENDAM TO CLOSE TEMPORARILY ALL OF ITS STORES IN SPAIN
Tendam is announcing, motivated by prudence and social responsibility, the closure of its brands’ stores in Spain as of tomorrow, Saturday, 14 March (inclusive). The online stores of the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands will remain fully operational. Tendam will follow in any case the instructions and recommendations issued by the […]
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Tendam to close the stores of its brands in the Community of Madrid, the Basque Country and La Rioja
Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty will increase their online capabilities and offer customers free delivery and extended return periods. Tendam, one of Europe’s leading fashion retailers operating in the specialised chain store segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands, has announced the closure of its brands’ stores in […]
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TENDAM’s sales grew by 3.6%, its like-for-like sales by 2.5%, and the Group’s EBITDA rose by 6.6% in the third quarter of 2019/20
Accumulated earnings for the first nine months of the year stood at €815.8 million, up 1.8% on the back of the positive sales performance Online sales grew by 28% between March and November to account for 9.2% of total sales in Spain The company’s gross margin reaches 67% in the third quarter up by 0.1 […]
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Tendam acquires the Hoss/Intropia brand for its growing portfolio
Hoss/Intropia, which will benefit from Tendam’s strong operating and management structure, will cement the Group’s position in women’s apparel within the premium mass market. Tendam, one of Europe’s leading fashion retailers operating in the specialised chain segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands, has announced today that it has acquired […]
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TENDAM posts growth in sales and margins during Q2 of its 2019/20 financial year
TENDAM posts growth in sales and margins during Q2 of its 2019/20 financial year The strong performance of sales and margins in the second quarter translated into positive accumulated earnings in the first half of its financial year of €559.9 million, up 0.9% YoY. Q2 sales increased by 2.3% to €340.6 million, whilst EBITDA rose […]
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