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Tendam

From Wikipedia - Reading time: 6 min

Tendam
IndustryRetail
Headquarters
Madrid
,
Spain
Area served
mainly Spain and Portugal, presence in further 77 countries all around the world
Key people
Jaume Miquel, CEO
ProductsClothing
Revenue € 1.154,7 millions (2017)[1]
Number of employees
10,291 (2017)
SubsidiariesCortefiel
Springfield
Women's Secret
Pedro del Hierro
Websitewww.tendam.es

Tendam (formerly The Cortefiel Group) is a Spanish fashion retailer.[2] Tendam is present in 79 countries with 1,462 directly operated stores and 594 franchises, a total of 2,056 points of sale.[3]

History

[edit]

Tendam started out in 1880 as a family-run haberdashery store on Calle Romanones in Madrid. The business moved into textile production and distribution, and in 1933 the company built the La Palma shirt factory. It was followed in 1945 by the tailoring factory, which in 1946 produced the first men's suits under the Cortefiel label. In 1954, and coinciding with the founding of Manufacturas del Vestido, the firm became a holding company.

The Group continued to grow during the 1980s with the creation of the men's tailoring brand Milano (1984) and its casual youth fashion brand, Springfield (1988). In 1989 the firm acquired Pedro del Hierro, and in 1993 launched women'secret, its underwear and swimwear brand created by and for women.

During the 1980s work also got underway on the diversification of the Group's retail formats. Its international expansion strategy dates back to 1993, although the period of fastest growth was registered between 2000 and 2003, when the sales surface area handled by the Group increased by more than 70%. In 2005 MEP Retail acquired a stake in the Group, bringing about a change in the share ownership and management team. This same period also saw a sharp rise in the Group's global franchise business.

The women'secret online store was launched in 2000, and 2010 saw the consolidation of the Group's ecommerce area with the creation of the SPF.com online store, followed by further online stores from Pedro del Hierro, Cortefiel and Fifty Factory.

The Group has a network of international buying offices in Spain, Hong Kong and India. Distribution is centralised at the Madrid logistics platform, backed up by an additional centre in Hong Kong, supplying both the Group's own stores and franchises. The multibrand growth strategy has been further reinforced through international expansion and the development of the online channel.[4]

Brands

[edit]

Tendam brands include as of 2023:[5]

Brand No. of stores July 2023[6] Year founded
Worldwide Spain Portugal Mexico
Women'secret 753[7] 325 65 26 1993
  • "A brand created by and for women. Today, it is present in 67 countries and at 772 points of sale."[8]
Springfield 685[9] 283 63 23 1988
  • For "young, urban cosmopolitan" men and since 2006 also for women)[10]
Cortefiel 461[11] 298 60 26 1945
  • The first brand created by Tendam, which was originally called Grupo Cortefiel since its inception in 1945. It is aimed at men and women, 35–45.[12]
Pedro del Hierro 390[13] 299 61 8 1974
Dash and Stars 0 0 0 0 February 2022[15]
  • Sustainable… women's sports clothing and activewear.[16] 8 corners in Cortefiel, Springfield and Women'secret stores in Spain.[17]
Hi&Bye 0 0 0 0 2023[18]
  • Aimed at girls 14–18. It features vibrant colours and designs for everyday including underwear sets in lace and cotton, ribbed tops, sweatshirts and swimming costumes (swimsuits). Colours currently include vibrant lilac, pink, blue, and classic black, white and grey for underwear. Sold in corners of Women'secret stores.[19]
High Spirits 0 0 0 0 March 2021[15]
  • For women 18–35. The brand is available in Spain and Portugal in some Springfield stores.[20]
Hoss Intropia 0 0 0 0 February 2021[15][21]
  • Tendam acquired the Hoss, Intropia and Hoss Intropia brands as part of their receivership process in November 2019. "Brand for the cosmopolitan woman… A quality, modern product with a personality and… identity… all its own."[21]
OOTO 0 0 0 0 September 7, 2022[15]
  • Sold at 70+ Cortefiel points of sale in Spain and Portugal and via cortefiel.com.[15]
SlowLove 0 0 0 0 March 2021[15]
  • Available online.[22]
Fifty (factory outlets ) 70[23] 53 10 2
Total 2,359 1,258 (53%) 259 (11%) 83 (3.5%)
Tendam stores on the Paseo de la Castellana in Madrid

Each brand has its own design team as well as sales and management structure. They share the administration, finance, technology, expansion and sourcing and human resource divisions, as well as other corporate functions, based at the central offices in Madrid.[24]

[edit]
  • Official website
  • El viaje pendiente [The Upcoming Trip - launch campaign for the SlowLove brand]. YouTube. Tendam (Tendam Global Fashion Retail channel). Retrieved 6 December 2023.
  • Grupo Cortefiel is renamed Tendam. YouTube. Tendam (Tendam Global Fashion Retail channel). 2018. Retrieved 6 December 2023.

Stores and international presence

[edit]

Tendam brands’ are present in 86 countries with 1,990 physical points of sale and 47 online markets in 2023 across five continents: Europe, North and South America, Asia, and Africa. International expansion is based on two management models: The proprietary management model allows Tendam to operate in an integrated business in which the complete management of the market is controlled. The franchise model is managed through franchisees specialized in the distribution sector, with extensive knowledge of their local markets and financial capacity to develop their brands.[5] Tendam has a large presence especially in Spain and Portugal. As of April 2023, Tendam has 67 stores in Mexico, 30 in Ecuador of which 15 are Women'Secret, and stores in Paraguay and Venezuela as well.[25]

References

[edit]
  1. ^ "Tendam entra en beneficios en 2017 a las puertas de su salida a bolsa". MODAES (in Spanish). 27 June 2018. Retrieved 2 August 2018.
  2. ^ "Grupo Cortefiel will continue as Tendam". RetailDetail. 23 April 2018. Retrieved 7 December 2018.
  3. ^ "Horario Cortefiel – Horario.es". Retrieved 7 December 2018.
  4. ^ "Sustainability Report 2014". Archived from the original on 22 December 2015. Retrieved 28 October 2015.
  5. ^ a b "About Us | Tendam". Tendam Retail SA. Retrieved 6 December 2023.
  6. ^ According to ChainXY
  7. ^ "Women'secret". ChainXY. Retrieved 6 December 2023.
  8. ^ "Women' Secret | Fashion by and for women since 1993 | Tendam". Tendam Retail SA. Retrieved 6 December 2023.
  9. ^ "Springfield". ChainXY. Retrieved 6 December 2023.
  10. ^ "¿Quiénes somos?". Springfield (in Spanish). Retrieved 6 December 2023.
  11. ^ "Cortefiel". ChainXY. Retrieved 6 December 2023.
  12. ^ "¿Quiénes somos?". Cortefiel (in Spanish). Retrieved 6 December 2023.
  13. ^ "Pedro del Hierro". ChainXY. Retrieved 6 December 2023.
  14. ^ "¿Quiénes somos?". Pedro del Hierro (in Spanish). Retrieved 6 December 2023.
  15. ^ a b c d e f Corporativo, Tendam (7 September 2022). "Tendam launches its tenth own brand with OOTO". Tendam Retail SA. Retrieved 6 December 2023.
  16. ^ "Sister brands: nuestras marcas amigas". Dash and Stars (in Spanish). Retrieved 6 December 2023.
  17. ^ "Tiendas de ropa deportiva". Dash and Stars (in Spanish). Retrieved 6 December 2023.
  18. ^ Corporativo, Tendam (26 October 2023). "Tendam increases its EBITDA by 8.2% in the first half of the year". Tendam Retail SA. Retrieved 6 December 2023.
  19. ^ "Hi&Bye | Young fashion for underwear and everyday wear | Tendam". Tendam Retail SA. Retrieved 6 December 2023.
  20. ^ "High Spirits | Sustainable fashion for authentic people". Tendam Retail SA.
  21. ^ a b "Tendam announces the addition of Hoss Intropia to the group". Tendam Retail SA. 25 November 2019. Retrieved 6 December 2023.
  22. ^ "Slowlove | Urban and casual fashion by Sara Carbonero & Isabel Jiménez". Tendam Retail SA.
  23. ^ "Fifty Factory". ChainXY. Retrieved 6 December 2023.
  24. ^ "Tendam, antiguo grupo Cortefiel, planea implantar el sistema de fichaje en todas sus tiendas". Europa Press. 18 November 2018. Retrieved 7 December 2018.
  25. ^ Mares, Alicia (25 April 2023). "Tendam acelera en Latinoamérica con nuevas tiendas en Ecuador, México y Venezuela". FashionNetwork.com (in Spanish). Retrieved 6 December 2023.
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Tendam
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