BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Fashion Inc. >  

Tumi Time For Europe Coach Kicking In Usa

Fashion Inc.

by Lauren Goldstein Crowe
Main
Will Donatella Spice Up The Spice Girls?   Fashion's New Money Matchmakers

Recent Blog Posts

Links

Jul 31 2007 12:00am EDT

Tumi Time For Europe; Coach Kicking In USA

David Chu, the founder of Nautica, has done a fantastic job with his first women's collection for luggage maker Tumi. The line mixes practicality with chic and, most importantly, reasonable prices. The top end of the range is $695. This puts it firmly into Coach territory. And that's not a bad place to be. Coach keeps going strong. Results today showed 28 percent growth in net sales in fiscal year 2007. But despite their success, brand leaders are fearful of expanding beyond their comfort zone of the US and Japan and China. They think the US can support 500 Coach stores but have said they have no plans to expand in Europe. So I was excited to see that Tumi doesn't have the same fears. It's first women's only store will open in New York this September, and 12 Tumi stores are expected to open in the next year in places like Amsterdam, London, Hamburg and Osaka.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More