About Tumi Holdings (adapted from Tumi Holdings prospectus):
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Tumi Holdings is a premium lifestyle brand that offers a line of travel and business products and accessories in multiple categories. Some of their products include backpacks, handbags, totes, laptop cases, luggage, portfolios, belts, wallets, umbrellas, coats, eyewear and more. Their focus is on high-end performance travel goods and business cases; marketing to sophisticated professionals, frequent travelers and brand-conscious individuals who enjoy the premium status of Tumi products.
Tumi distributes to over 65 countries through approximately 1,600 points of distribution. Channels include retail, wholesale and e-commerce. Tumi also uses locations in premium retail venues throughout the world including New York, San Francisco, Chicago, Paris, London, Rome, Tokyo, Munich, Moscow, Milan and Barcelona. Products are primarily designed in the U.S., selectively collaborating with well-known, international industrial and fashion designers for limited edition product lines. Production is sourced globally through a network of suppliers based in Asia, many of which are longtime suppliers, and the Caribbean.
Tumi sells products directly to consumers through a global network of 96 company-owned locations, consisting of full-price stores strategically positioned in high-end retail malls or street venues, outlet stores in premium outlet malls and via e-commerce websites. Products are sold indirectly to consumers through various channels that include partner stores (wholesale accounts operated by local distributors or retailers that carry only Tumi products and are governed by strict operating guidelines), a global wholesale distribution network of specialty luggage retailers, prestige department stores and business-to-business channels, retail concessions within prestige department stores and third-party e-commerce sites such as Amazon.com, Zappos.com and those of major department stores.
Tumi's success thus far they attribute to: "The strength of our brand is built on our heritage as a producer of high-end performance luggage and business cases."
This description is adapted from Tumi Holdings prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus.
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