mobanmarketTommy Hilfiger this week announced an enviable increase in sales for the six month period to 30 September by 30.5% to €755 million. The acquisitions of two of its former licensees, including European footwear and Tommy Hilfiger Japan contributed to 16.4% of the total growth, the Group said. Despite the downturn in the current retail climate, in Europe total sales increased by 25.9% to €390 million. The wholesale operations showed the largest increase as a result of continued growth in all regions and product groups, as well as the inclusion of European footwear sales. The retail business showed 3.4% comparable store sales and 6.2% overall growth compared to the prior year. Total US sales increased 16.7% to $356 million (€232 million). In the wholesale business, the partnership with Macy’s saw significant growth compared to last year. In the US retail stores the comparable growth amounted to 6.0%, and total sales growth amounted to 15.8%. A roll out of new full price and outlet stores in the US is continuing. Tommy Hilfiger has strategically been expanding its retail portfolio and saw a total of 50 new stores opened in the first half of the year, taking the global store portfolio to over 850 at 30 September 2008. Of these stores, approximately 50% are owned and operated stores. As previously announced, Tommy Hilfiger Group intends to open a global flagship store on 5th Avenue, New York in 2009, marking a major step in expanding the brand’s retail presence in the US.
Image: Tommy logo
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