In the second quarter of the financial year, Takko Fashion posted sales of 335.4 million euros.
Commenting on the company’s performance, Kurt Rosen, chief financial officer of Takko Fashion said: “In the past quarter we achieved a sales increase of 10.8 percent compared to the previous year. This record increase has clearly exceeded our expectations.”
During the quarter, the Telgte-based fashion retailer was able to significantly increase its space productivity. Compared to the same period in the 2020/2021 financial year, the company achieved like-for-like growth of 14 percent, adjusted for the effects of the store closings.
“In the first month of the second quarter, retail in Europe was still affected by severe pandemic-related restrictions. Accordingly, the positive quarterly performance confirms the successful business model of Takko Fashion all the more,” added Rosen.
The company said in a statement that the positive sales development had an above-average positive effect on the company’s liquidity: At the end of September it was around 200 million euros and has more than doubled since the first quarterly close of the current financial year.