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Tag: Samsonite

Retail Asia19/08/2021
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General

Samsonite pivots more backpack

4min0
Samsonite International SA said it’s speeding up its shift toward the emerging non-travel segment as the coronavirus pandemic devastates the global luggage business. With expectations that travel won’t return to normal levels for more than a year, the world’s top luggage maker is relying on backpacks, business cases and women’s bags to cushion the blow. The […]
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Retail Asia18/05/2020
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Living

Samsonite sales down with 80 percent as travel all but halts

4min0
With global travel now all but shut down, luggage-retailing goliath Samsonite is facing unprecedented challenges, with net global sales plunging by 80 percent last month. But its CEO Kyle Gendreau remains resolutely positive about its future fortunes when the impact of Covid-19 lessens. The group recorded year-on-year net sales decreases of 8.2 percent, 14.9 percent, […]
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Retail Asia20/03/2020
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General

Asian sales hold up for Samsonite International

4min0
A soft North American market saw global sales for luggage maker and retailer Samsonite International slip 1.8 percent in the December year – but the company is expecting a tough first half with the advent of coronavirus. CEO Kyle Gendreau said the global health emergency has caused travel disruptions worldwide. “While the extent and duration […]
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Retail Asia13/03/2020
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General

Samsonite marks 110th anniversary with sustainability pledge

2min0
Luggage retailer Samsonite is marking its 110th anniversary with a sustainability pledge. The new “Our Responsible Journey” strategy “focuses on Samsonite’s legacy of designing products that last; its commitment to reducing its impact on the planet; and how it engages its people, partners and communities in this progress,” the company said in a statement. The […]
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Retail Asia22/11/2019
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General

Samsonite sees third-quarter sales

3min0
Luggage company Samsonite’s net sales fell by 0.7 percent in the third quarter, as the US-China tariff war put pressure on the US market and increased distribution expenses affected the company’s gross profit margin. In its latest financial report, Samsonite said net sales in the three months to September 30 decreased to US$921.5 million while […]
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Retail Asia04/09/2019
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General

Tumi set fire to Samsonite’s Asian growth

4min0
High-performing travel lifestyle Tumi drove Samsonite Asia sales in the first half of this year, compensating for an unusual decline in the core Samsonite brand’s business regionally. For the six months to June 30, net sales of the Tumi brand increased by 11.9 per cent in Asia, as the brand continued to make inroads in […]
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Retail Asia05/06/2019
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General

Glory Days of Samsonite Sales Ending

3min0
“Economic headwinds” in the latest quarter have brought an end to the stellar run of Samsonite sales growth. For the March quarter, the world’s largest luggage retailer has reported a fall in sales of 2.4 per cent and 6.3 per cent when reported in US dollars. Profit attributable to shareholders slumped by 48.2 per cent […]
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Retail Asia20/03/2019
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General

Tumi powers solid Samsonite sales growth, focus in Asia

3min0
Hong Kong-listed luggage giant Samsonite International has achieved its seventh consecutive year of sales growth following its listing in 2011. Net Samsonite sales were up 8.4 per cent on a constant-currency basis to US$3.797 billion in the year to December 31. Profit attributable to shareholders rose by 23.9 per cent before extraordinary items saw that […]
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Retail Asia15/11/2018
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Fashion

Tumi boosts Samsonite sales growth

4min0
Rapid Tumi expansion is powering solid sales growth for Hong Kong-listed luggage specialist Samsonite International. Group sales rose 5.2 per cent in the third quarter to US$945.2 million, with sales in Asia up 7.2 per cent to $324.2 million. Global sales for the first nine months were up 10.1 per cent. The company says the […]
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Retail Asia31/08/2018
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Fashion

Samsonite Asia sales experiences positive growth

3min0
Strong performances throughout Asia helped Samsonite International lift sales by 12.9 per cent in the first half of this year, to US$1.849 billion. Samsonite Asia sales across the group’s entire brand portfolio grew 14.4 per cent year on year, behind Latin America’s 17 per cent, but ahead of Europe’s 11.4 per cent. Tumi sales rose […]
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Retail Asia21/06/2018
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Fashion

Samsonite for Her opens First Store in Singapore

2min0
Travel luggage firm Samsonite has launched its first-ever concept store for ladies, Samsonite for Her, now open in Orchard Road’s Paragon shopping mall. The space has been designed to showcase curated product lines under the Samsonite, Samsonite Red, and Lipault Paris brands that each target specific demographics of women shopping for bags, accessories and luggage. […]
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Retail Asia16/05/2018
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Living

Samsonite doubles growth

2min0
Double-digit growth in all regions was recorded for its first quarter by travel luggage company Samsonite International. Ffor the three months to the end of March, net sales in Asia increased by 13.4 per cent to US$324.8 million in constant currency. Net sales for the Tumi brand jumped 50.3 per cent, driven in part by […]
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Retail Asia16/03/2018
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Fashion

Tumi acquisition lead Samsonite to good numbers

4min0
Samsonite Asia sales lept 16 per cent last year, a rate slower than the Hong Kong-listed company’s global growth, and predominantly driven by the acquisition of Tumi. The world’s largest travel luggage company achieved global sales of US$3.49 billion, up 23.3 per cent, with Asia accounting for $1.19 billion of that. Samsonite Asia sales excluding […]
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Retail Asia24/08/2017
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Living

Record first-half sales for Samsonite International

4min0
Luggage company Samsonite International had record half-year net sales of US$1.5 billion, a year-on-year increase of 31.8 per cent. Its acquisition of the Tumi brand had “significant” positive impact on its performance in Asia, reports the company, announcing its interim results. Samsonite assumed direct control of Tumi distribution in China, Hong Kong, Indonesia, Macau, South […]
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Retail Asia17/04/2017
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Fashion

Samsonite International paying $105m for eBags

1min0
Hong Kong-headquartered luggage company Samsonite International is to buy online retailer eBags for US$105 million cash. The deal is part of Samsonite’s strategy to accelerate the growth of its e-commerce business. “With eBags’ immediate resources and digital expertise, we are able to expand our online retail capabilities in a meaningful way, driving stronger sales growth […]
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