- Total revenue stood at €744.9 million. EBITDA climbed 12.2% to total €190.2 million
- With 60 net store openings, the company beat its target for the first half of the year
- The number of loyalty club members crossed the 27 million threshold, further reinforcing one of the group’s greatest competitive advantages
Tendam Brands S.A.U. (Tendam or the Company), a leading European omnichannel vertical apparel retailer, has today announced the results for the first half of its financial year 2026, covering the period from 1 March 2026 to 31 August 2026.
Tendam Chairman and CEO Jaume Miquel said:
“In May this year, we reported a robust start to the season, which continued throughout the first half of the 2026 financial year. The half-year results, significantly outpacing the broader sector with double-digit growth in both sales and profit, demonstrate the strength of Tendam’s unrivalled business model.
Growth drivers remain on par with or ahead of planned levels, underpinned by strong like-for-like revenue growth of 7.6%. Highlights for the period included the more than 60 net store openings, the rollout of standalone stores for Slowlove, OOTO and Springfield Kids, ongoing expansion in Mexico and decisive progress in AI, especially in managing demand and optimising margins.”
Tendam’s total revenue for the first six months of financial year 2026 stood at €744.9 million, up 10.7% year-on-year. Like-for-like revenue was up by 7.6%. Online revenue grew by 20.7% to €111.6 million.
Tendam’s net profitclimbed 27.9% between March and August 2026 to stand at €59.3 million.
The Company delivered a gross margin of 63.4% over the period (down 0.2 percentage points year on year). EBITDA rose by 12.2% to €190.2 million.
At 31 August 2026, Tendam had surpassed 27 million unique members across its loyalty clubs, strengthening one of the core pillars of its unparalleled business model.
Expansion and new formats
Tendam ended the first half of its 2026 financial year with 60 net store openings, delivering 5% net growth in its omnichannel network in just six months. Tendam’s expansion combines the extension of existing formats with the development of new retail concepts, both in Spain and internationally.
For the group’s core brands, the expansion of retail space of existing Cortefiel, Pedro del Hierro, Springfield and Women’secret stores was complemented by 32 new points of sale mainly in Mexico, Portugal and Spain. Women’secret in particular continued to grow its store network with more than 16 new store openings over the period, of which 8 were created under the new Cabinet format, which delivers an updated shopping experience built on a more omnichannel environment.
The Group’s newer brands also enjoyed robust growth in points of sale. Tendam continued to open new standalone Springfield Kids stores, a retail universe created just for kids. This new concept, which spun off from its parent brand early this year, now has 15 stores in Spain.
Slowlove created the brand new Casa Slowlove concept, under which its new points of sale are designed as contemporary, product-focused spaces that engage openly with their urban surroundings. Slowlove now has 9 standalone stores, after securing 8 new openings in the first half of 2026.
OTOO, a men’s brand and one of the Group’s newest launches, has also built its profile and independence with 7 new standalone stores opened between March and August.
Outlook
In the second half of financial year 2026, Tendam will continue to pursue its growth roadmap, driven by an excellent portfolio of complementary brands, an ambitious expansion plan including store openings and new formats, stronger digital and technology capabilities to underpin its omnichannel model and full integration of artificial intelligence across the value chain.
“Despite the unstable external landscape, we remain committed to our growth roadmap and determined to continue delivering above-market growth,” said Jaume Miquel, Chairman and CEO of Tendam.