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In the first half of the fiscal year 2025, the globally renowned luggage behemoth, Samsonite Group, saw a decrease in net sales and profits. This decline was attributed to a reduced demand for travel within their most significant markets. Financial Details…
Samsonite has reopened its flagship store at Hong Kong’s IFC Mall with the launch of a limited-time pop-up cafe. Running until April 20, the Samsonite Cafe offers visitors a curated space to explore the brand’s sustainability initiatives in a lifestyle-driven…
Samsonite International SA said it’s speeding up its shift toward the emerging non-travel segment as the coronavirus pandemic devastates the global luggage business. With expectations that travel won’t return to normal levels for more than a year, the world’s…
With global travel now all but shut down, luggage-retailing goliath Samsonite is facing unprecedented challenges, with net global sales plunging by 80 percent last month. But its CEO Kyle Gendreau remains resolutely positive about its future fortunes when the…
A soft North American market saw global sales for luggage maker and retailer Samsonite International slip 1.8 percent in the December year – but the company is expecting a tough first half with the advent of coronavirus. CEO Kyle Gendreau said the global…
Luggage retailer Samsonite is marking its 110th anniversary with a sustainability pledge. The new “Our Responsible Journey” strategy “focuses on Samsonite’s legacy of designing products that last; its commitment to reducing its impact on the planet; and how…
Luggage company Samsonite’s net sales fell by 0.7 percent in the third quarter, as the US-China tariff war put pressure on the US market and increased distribution expenses affected the company’s gross profit margin. In its latest financial report, Samsonite…
High-performing travel lifestyle Tumi drove Samsonite Asia sales in the first half of this year, compensating for an unusual decline in the core Samsonite brand’s business regionally. For the six months to June 30, net sales of the Tumi brand increased by…
“Economic headwinds” in the latest quarter have brought an end to the stellar run of Samsonite sales growth. For the March quarter, the world’s largest luggage retailer has reported a fall in sales of 2.4 per cent and 6.3 per cent when reported in US dollars.…
The first Samsonite ultra-premium store in Asia is to open at Jewel Changi. The luggage brand is also planning one more outlet at Changi, raising its store network at the airport to five. “Every time we come up with something new, something big, we launch it…
Hong Kong-listed luggage giant Samsonite International has achieved its seventh consecutive year of sales growth following its listing in 2011. Net Samsonite sales were up 8.4 per cent on a constant-currency basis to US$3.797 billion in the year to December…
Samsonite has launched an eco luggage collection for Asia made of Recyclex, a material comprising 100 per cent post-consumer recycled plastic (PET) bottles. As part of its public-facing environmental program, Samsonite has been working with one of its…
Rapid Tumi expansion is powering solid sales growth for Hong Kong-listed luggage specialist Samsonite International. Group sales rose 5.2 per cent in the third quarter to US$945.2 million, with sales in Asia up 7.2 per cent to $324.2 million. Global sales for…
Strong performances throughout Asia helped Samsonite International lift sales by 12.9 per cent in the first half of this year, to US$1.849 billion. Samsonite Asia sales across the group’s entire brand portfolio grew 14.4 per cent year on year, behind Latin…
Travel luggage firm Samsonite has launched its first-ever concept store for ladies, Samsonite for Her, now open in Orchard Road’s Paragon shopping mall. The space has been designed to showcase curated product lines under the Samsonite, Samsonite Red, and…
Samsonite CEO Ramesh Tainwala has resigned with immediate effect “in the best interests of the company” as the fallout from a short-seller report on the company’s reputation and share price continues. Tainwala will be replaced immediately by CFO Kyle…
