In 2010, the total global revenue of Samsonite amounted to about 1. Billion U.S. Dollars. The company saw exceptional net sales growth in 2012 and 2013, as Asia Pacific spearheaded generated revenue for its luggage products. Samsonite is pursuing several strategic initiatives designed to capitalise on their underlying business strengths.
In 2010, the total global revenue of Samsonite amounted to about 1. Billion U.S. Dollars. The company saw exceptional net sales growth in 2012 and 2013, as Asia Pacific spearheaded generated revenue for its luggage products. Samsonite is pursuing several strategic initiatives designed to capitalise on their underlying business strengths.
In 2010, the total global revenue of Samsonite amounted to about 1. Billion U.S. Dollars. The company saw exceptional net sales growth in 2012 and 2013, as Asia Pacific spearheaded generated revenue for its luggage products. Samsonite is pursuing several strategic initiatives designed to capitalise on their underlying business strengths.
American multinational luggage manufacturer and retailer.
It was founded in Denver, Colorado in 1910.
The company's registered office is in Luxembtheirg and it is listed on the Hong Kong Stock Exchange.
Samsonites products ranging from largesuitcases to small toiletries bags and briefcases. Vision
To become one of the worlds most highly regarded premium lifestyle travel brands. Bussiness strategy Samsonite is pursuing several strategic initiatives designed to capitalise on their underlying business strengths, grow and diversify their revenue stream, improve their profitability and their cash flow generation and enhance the resiliency of their business. Key elements of their business development strategies include: Introducing a stream of innovative and contemporary products into the MARKET;
Strengthening support behind their brand and product MARKETING and advertising;
Expanding their retail distribution platform;
Pursuing expansion opportunities in high-growth geographic MARKETS;
Exploiting new business opportunities;
Continuing to improve operating efficiencies and cash flow generation.
In 2010, the total global revenue of Samsonite amounted to about 1.22 billion U.S. dollars. The company saw exceptional net sales growth in 2012 and 2013, as Asia Pacific spearheaded generated revenue for its luggage products; 38 percent of Samsonite's global net sales were generated by this region in 2013. Swot analysis Strengths -domestic MARKET -existing distribution and sales networks -barriers of MARKET entry -high profitability and revenue
Weaknesses -future profitability -competitive MARKET -small business units -investments in research and development
Opportunities -new MARKETS -growth rates and profitability -growing demand -new products and services -growing economy
Threats -increasing rates of interest -price changes