Headlines

Tommy's Profit Report

Lower revenues won't stifle confidence

Published

24 years ago

November 1, 2000

admin1

Tommy Hilfiger reported that net revenue and income for the second fiscal quarter both dropped from a year earlier. However, the company was quick to express its confidence that improvements in product design and assortment will put it back on track to profitability.

Net revenue was $533.3 million for the period ending September 30, compared to $561.6 million last year. And net income was $44.9 million compared to $76 million a year earlier. The company's retail division experienced a profit increase of 20.2 percent, and the childrenswear and licensed product businesses gained 3.7 percent and 6.6 percent in revenue, respectively.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design