Tumi

Retail Asia18/03/2017

A soft Asian market failed to take the gloss off a stellar performance for Hong Kong-listed luggage giant Samsonite International. Buoyed by the addition of the Tumi business it acquired last August, Samsonite sales grew 17.3 per cent to US$2.81 billion in the year to December 31. Excluding Tumi, sales rose by a more modest […]

Retail Asia06/03/2017

The closures of a number of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline. It is old news that the Chinese market is highly competitive and unlike any other market in the world. What may sell on the high street in London is […]

Retail Asia27/02/2017

Branded luggage-maker Samsonite Asia aims to make China its biggest market within five years, pinning its hopes on eCommerce and social media to fuel growth. While sales in China now account for more than 10 per cent of its total revenue, Samsonite CEO Ramesh Tainwala says they are likely to double by 2022, thanks to […]

Retail Asia06/01/2017

After winning a Korea Airports Corporation (KAC) tender, Lotte Duty Free has officially re-launched at Gimhae airport. The retailer now has 980.44 sqm of space, an increase of 329.2 sqm over its area last year. Lotte Duty Free had a 158.34 sqm presence at the terminal when it opened in 2007 until early 2014. Fellow […]

Retail Asia30/11/2016

Buoyed by its Tumi acquisition, Samsonite sales soared in the last quarter in every market, even in its weakest link, Asia. The world’s largest luggage maker and retailer achieved a net sales boost of 22.8 per cent in the three months to September 30. Its strongest performance was the US where net sales increased by […]

Retail Asia19/08/2016

Phnom Penh Duty Free is located inside the integrated entertainment destination of Naga City at Naga City Walk which connects Naga World to ‘Naga 2’. It offers approximately 4,000sq m of retail space with all the main DF&TR and luxury categories available: cosmetics, perfume, jewellery, sunglasses, watches, fashion, beverages, tobacco, travel goods and confectionery as […]

Retail Asia12/03/2016

Luggage giant Samsonite is to pay US$1.8 billion for US-based Tumi, the luggage and travel accessories brand. In a joint statement, the two companies said they have entered into a definitive agreement whereby Samsonite will acquire Tumi for US$26.75 per share in an all cash transaction. “This is a transformational acquisition for Samsonite. It will […]

Retail Asia05/03/2016

US luggage retailer Tumi plans more stores internationally this year after a solid 2015. The company reported a net sales increase of 3.9 per cent to US$547.7 million in the year to December 31, or 6.7 per cent on a constant currency basis. Gross profit increased 6.8 per cent to $326.9 million, gross margin rose […]

Retail Asia17/02/2016

Indian fashion conglomerate Genesis Luxury Fashion has formed an exclusive partnership to New York design house Coach to introduce it to the Indian market. The first Coach India store will open to coincide with the brand’s 74th anniversary this year. “We are confident the brand’s commitment to heritage and innovative design will be warmly embraced […]

Retail Asia22/01/2016

Luxury travel goods retailer Tumi has bought out its local Tumi Japan partner to gain full control of its retail and wholesale activities in what is one of the world’s largest luxury markets. Tumi Japan runs a network of 13 stores and an eCommerce website, as well as distributing Tumi product across an extra 150 […]

Retail Asia20/02/2015

Fernando Ciccarelli has been named the new senior VP and MD of Tumi Asia. Ciccarelli joins the luxury travel luggage retailer after a decade and a half with Coach, Inc. “I have always admired Tumi’s focus on constant innovation, intelligent design and unparalleled performance,” he said in a statement. “The opportunity for Tumi in Asia […]

Tag: Tumi

Samsonite sales grow despite Asia slow sales

Closing shop on China’s e-commerce platforms

Samsonite Asia heightens focus on China

Lotte Duty Free re-launches at Gimhae airport

Good time for Samsonite

CDFG opened 3000sqm Duty Free in Phnom Penh

Samsonite to pay US$1.8 bn for Tumi

Tumi plans more stores globally

Genesis Luxury takes on Coach India

Tumi Japan buys out partner

New MD for Tumi Asia