Fashion retailer Tommy Hilfiger has posted a 30.5 per cent increase in total sales to €755 million (£582.9 million) in the six months to September 30.
During the period the Amsterdam-based group acquired two of its former licensees, Tommy Hilfiger Footwear Europe and Tommy Hilfiger Japan, contributing to 16.4 per cent of the total growth.
In Europe the retailer notched up a 25.9 per cent increase in sales to €390 million (£301.1 million), driven by the wholesale division, which grew in all regions and product groups. Like-for-like retail sales climbed 3.4 per cent and total sales were up 6.2 per cent year on year.
In the US, sales jumped 16.7 per cent to US$356 million (£205 million). Its wholesale business was buoyed by its partnership with Macy’s. Like-for-like retail sales were up 6 per cent and total sales soared 15.8 per cent. The retailer said it would continue to roll out its new full price and outlet stores in the country.
Sales in Japan are “significantly contributing to the overall growth of the company”, according to the retailer. Licensing partners in Central and South America and Asia showed double-digit growth, it added.
Tommy Hilfiger opened 50 stores in the first half, taking its store count to 850, half of which half are owned and operated by the group.
The retailer will open a global flagship store in New York, on Fifth Avenue next year as it guns to expand its retail presence in the US.
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