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June 03, 2015 3:58 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Tommy Bahama Group, Inc.

Company Overview

Tommy Bahama Group, Inc. designs and manufactures apparel for men and women. The company’s retail stores provides shirts, polos and T-shirts, sweatshirts, sweaters, jackets and blazers, pants, jeans, shorts, swimwear, loungewear and boxers, shoes, cologne and grooming products, accessories, jewelry, and handbags; and indoor and outdoor furniture, home décors, chairs and umbrellas, long boards and paddleboards, candles and scents, dinnerware, kitchen linens, table linens, and bedding and bath products. It markets and sells products through its stores and online in the United States and internationally. Tommy Bahama Group, Inc. was formerly known as Viewpoint International, Inc. and changed it...

428 Westlake Avenue North

Suite 388

Seattle, WA 98109

United States

Founded in 1992

Phone:

206-622-8688

Fax:

206-622-4483

Key Executives for Tommy Bahama Group, Inc.

Chief Executive Officer
Age: 61
President and Chief Operating Officer
Founding Partner
Founding Partner
Chief Financial Officer
Compensation as of Fiscal Year 2014.

Tommy Bahama Group, Inc. Key Developments

Tommy Bahama to Open Second Long Island Store at Walt Whitman Shops

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

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

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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