OFF THE ROAD AGAIN: Wilsons The Leather Experts Inc. on Tuesday said it will liquidate its travel subsidiaries, sales of which declined 8.9 percent in the third quarter. Overall, the firm’s third-quarter loss widened to $17 million, or 84 cents a diluted share, on a 5.9 percent drop in sales to $132.6 million from a year ago. Same-store sales for the quarter dropped 7.2 percent, due mostly to reduced revenue from decreased mall traffic.

HILFIGER INKS KOREAN DEAL: Tommy Hilfiger USA Corp. has signed a long-term retail licensing agreement with SK Global Co. for distribution of Tommy Hilfiger products in South Korea. Starting with fall 2003, Hilfiger’s men’s sportswear line will be sold in department store concessions and freestanding stores, followed by women’s wear, jeans and children’s wear. "Korean consumers have demonstrated their desire for quality sportswear such as Tommy Hilfiger," said Man Gyun Kim, executive director of SK Global’s fashion division. Lynn Shanahan, president of licensing at Hilfiger added: "This new marketing and distribution agreement is part of our commitment to further develop the global market strategy for the Tommy Hilfiger brand."

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus