Textiles, Apparel and Luxury Goods
Company Overview of Tommy Bahama Group, Inc.
Tommy Bahama Group, Inc. designs, manufactures, and retails apparel for men and women. Its portfolio includes shirts, polo shirts and T-shirts, sweatshirts, sweaters, jackets and blazers, pants, jeans, shorts, swimwear, beach and pool essentials, loungewear, shoes and sandals, and sunglasses for men and women; dresses, sleepwear, capris, tanks, tunics, skirts, outerwear, jewelry, and fragrances and body care products for women; boxers, cologne and grooming products, and wedding collection for men; and beach gear, candles and scents, gifts and décor, tabletop products, handbags, watches, and bedding and bath products. The company serves customers through its retail stores in the United States...
428 Westlake Avenue North
Seattle, WA 98109
Founded in 1992
Key Executives for Tommy Bahama Group, Inc.
President and Chief Operating Officer
Compensation as of Fiscal Year 2015.
Tommy Bahama Group, Inc. Key Developments
Tommy Bahama to Open Second Long Island Store at Walt Whitman Shops
May 16 15
Tommy Bahama announced that it will open second Long Island store, at Walt Whitman Shops. The grand opening will be at the mall, 160 Walt Whitman Rd., Huntington Station. The 4,000-square-foot store will employ 20 people and carry Tommy Bahama men's and women's sportswear, swimwear, footwear and accessories, as well as home decor items. Tommy Bahama already has an outlet store at Tanger Outlets in Riverhead. Based in Seattle, the chain is part of Tommy Bahama Group Inc., a wholly-owned subsidiary of Oxford Industries Inc.
Tommy Bahama Reports Earnings Results for the Fourth Quarter and Full Year of 2014; Provides Earnings Guidance for the Fiscal Year 2015
Mar 26 15
Tommy Bahama reported earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported an 11% increase in net sales to $186.0 million compared to $167.8 million in the fourth quarter of fiscal 2013. Adjusted operating income for the quarter increased 11% from the same period in the prior year to $29.6 million primarily due to higher sales. The increase in net sales were driven by increases in all channels of distribution including a comparable store sales increase of 8%. For the fourth quarter of fiscal 2014, on a GAAP basis, Tommy Bahama had operating income of $29.1 million compared to operating income of $26.0 million in the fourth quarter of fiscal 2013.
In fiscal 2014, net sales at Tommy Bahama increased 7% to $627.5 million from $584.9 million in fiscal 2013. This growth reflects increases in all channels of distribution and includes a comparable store sales increase of 4%. Adjusted operating income for the year was $72.9 million compared to $74.3 million in the prior year. On a GAAP basis, operating income for fiscal 2014 at Tommy Bahama was $71.1 million compared to $72.2 million in fiscal 2013.
For fiscal 2015, the company expects percentage net sales increases in the mid to high single digits compared to fiscal 2014. Tommy Bahama's operating margin in fiscal 2015 is expected to be slightly lower than fiscal 2014. Gross margin improvements are expected to be offset by higher SG&A. Included in the higher SG&A are approximately $2.2 million of pre-opening expenses associated with the Waikiki restaurant-retail location and $2.6 million of expenses associated with the relocation of the Tommy Bahama headquarters.
Tommy Bahama Recalls Hula Girl Cocktail Shaker and Glass Sets Due to Laceration Hazard
Feb 18 15
Tommy Bahama recalled Hula Girl Cocktail Shaker and Glass Sets due to Laceration hazard. Recall date is February 18, 2015. Number of units are about 1,700. The recall includes the Tommy Bahama Hula Girl Shakes & Glass Sets sold with one glass 18-ounce shaker and two 8-ounce cocktail glasses. The glass shakes has a stainless steel top, a green palm tree decal and three decals of hula girls wearing red bikini top, green grass skirts and yellow and red leis around their neck. The two cocktail glasses have one dancing hula girl decal. The shaker sets were sold in a yellow and light brown box with a white label on the bottom of the package with the Tommy Bahama logo and product style cod TH31993 printed above the UPC code.
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