Tommy Hilfiger closed its 22,000-square-foot flagship store at 681 Fifth Ave., as well as a Tommy Hilfiger store on Collins Ave. in Miami, FL.
”In line with our strategic objective to further reach and engage with digitally-savvy North American consumers, we will focus on next generation retail experiences and partnerships to stay ahead of today’s continuously changing shopping habits and preferences,” said CEO Daniel Grieder.
Grieder went on to say, “Leveraging our Store-of-the-Future concepts rolled out in the global retail landscape, going forward, North America will be the lighthouse region to develop and test new modular, digitally-infused retail concepts. We continue to invest in tommy.com and the ongoing expansion of strong wholesale distribution partners that keep consumers at the heart of our brand.”
WWD stated in Q3 FY 2018, Hilfiger’s revenues increased 11 percent reaching $1.1 billion. WWD also stated that for the current year the company’s revenues were expected to increase approximately 10 percent.
Hilfiger’s departure is one of many closures on Fifth Ave. in recent months, including Henri Bendel, Lord & Taylor, Ralph Lauren and the Gap.
