Profile: Tumi Holdings Inc (TUMI.K)
24 Jun 2016
Tumi Holdings, Inc. (Tumi), incorporated on September 29, 2004, offers a line of travel and business products and accessories in multiple categories. The Company operates through four segments: Direct-to-Consumer North America, Indirect-to-Consumer North America, Direct-to-Consumer International and Indirect-to-Consumer International. Tumi designs its products for, and markets its products to professionals, travelers and individuals. The Company distributes its products across the globe in approximately 70 countries through approximately 2,000 points of distribution. It uses various channels, including retail wholesale and electronic commerce (e-commerce). Tumi sells its products through a network of company-owned stores and outlet stores, partner stores, concessions, shop-in-shops, specialty luggage shops, department stores and e-commerce distribution channels. Tumi's retail stores are located across the world, including New York, Beverly Hills, San Francisco, Chicago, Paris, London, Rome, Tokyo, Munich, Moscow, Hong Kong, Shanghai, Beijing, Milan and Barcelona.
The Company designs its products in the United States design studios and collaborates with international industrial and fashion designers for the edition of product lines. Its production is sourced globally through a network of suppliers based in Asia, Italy and the Caribbean. Its global distribution network uses its approximately three logistics facilities in the United States, Europe and Asia. The Company's products fall into approximately three categories: travel, business and accessories. Travel products consists of wheeled travel products, the majority which are classified as carry-on styles and packing cases, as well as soft styles without wheels, such as satchels, garment, bags, boarding totes and cross-body bags. Business cases consist of soft business cases, and also include wheeled business cases, backpacks, messenger bags, day bags and totes. Accessories include an array of daily use items including wallets and card cases. Additional accessory categories include agendas and planners, passport cases, mobile covers, umbrellas and travel accessories, such as electric current adapters, key fobs, packing accessories, toiletry kits and foldable travel totes. Accessories also include brand extensions that address the lifestyle, including belts, outerwear, sunglasses and eyewear. The Company offers products from each of the three major categories in the product lines, which include core, premium and women. Its core products are targeted at business professionals and travelers; premium products targeted at high-income consumers looking for more distinctive products, and women products are targeted at female consumers looking for business and travel items.
Direct-to-Consumer North America
The Company sells its products directly to consumers through a network of approximately 150 company-owned retail stores consisting of full-price stores and outlet stores, which are positioned in retail malls or street venues. It also sells its products directly to consumers through its e-commerce Website.
The Company sells its products directly to consumers through a network of approximately 20 company-owned full-price and outlet stores in street venues and select malls in international locations. The segment also sells its products directly to consumers through its international e-commerce Websites.
Indirect-to-Consumer North America
The Company sells its products to wholesale customers in North America through approximately 800 doors, including specialty luggage retailers, prestige department stores and business-to-business channels. The Company's wholesale customers also operate their own e-commerce Websites through which they sell its products. The Company's products are also sold in partner stores operated by local distributors or retailers.
The Company sells its products to international wholesale customers through approximately 1,000 doors. The Company has distribution channels in Australia, China, Europe, Hong Kong, the Middle East, South Africa, Japan, South Korea, Southeast Asia and Taiwan, among others. Its products are also sold in partner stores operated by local distributors or retailers. The Company also operates concessions in department stores throughout Europe and the Middle East. Many of its wholesale customers also operate their own e-commerce Websites through which they sell the Company's products.
The Company competes with Rimowa, Samsonite, Bally, Burberry, Dunhill, Ferragamo, Gucci, Louis Vuitton, Montblanc, Porsche, Prada, Victorinox, Briggs and Riley, Mandarina Duck, Piquadro, Porter, Ace Brand and Coach.
Tumi Holdings Inc
1001 Durham Ave
SOUTH PLAINFIELD NJ 07080-2300
Company Web Links
- BRIEF-Tumi Holdings sets date for Samsonite merger vote
- BRIEF-Tumi Holdings Q1 same store sales rose 0.8 pct
- Samsonite to buy Tumi for $1.8 billion as it expands premium luggage offerings
- UPDATE 1-Samsonite to buy Tumi for $1.8 bln as it expands premium luggage offerings
- Wall Street snaps up shares in late-day scramble |