Tommy Hilfiger Takes over the Oyster Bar in Grand Central for Joyous New York-Centric Fashion Show

 The Tommy Hilfiger collection is modeled during Fashion Week, Friday, Feb. 9, 2024, in New York. (AP)
The Tommy Hilfiger collection is modeled during Fashion Week, Friday, Feb. 9, 2024, in New York. (AP)
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Tommy Hilfiger Takes over the Oyster Bar in Grand Central for Joyous New York-Centric Fashion Show

 The Tommy Hilfiger collection is modeled during Fashion Week, Friday, Feb. 9, 2024, in New York. (AP)
The Tommy Hilfiger collection is modeled during Fashion Week, Friday, Feb. 9, 2024, in New York. (AP)

Tommy Hilfiger threw himself a welcome home party Friday night at Grand Central's Oyster Bar with Questlove as his DJ and Jon Batiste serenading Anna Wintour on his melodica while a bevy of global celebrities looked on.

Turning the iconic restaurant into “The Tommy” club for a night, Hilfiger called his New York Fashion Week show “A New York Moment,” rolling out roomy, '90s prep classics for the bash. The last time he hit town for fashion week was in September 2022, when his crowd braved rain for his “Tommy Factory” show at a Brooklyn drive-in theater.

This time, happy and dry underground beneath the transportation hub's vaulted ceilings, fans lined ramps for a glimpse of K-pop's Nayeon, her countryman Junho Lee, Indian actor Sonam Kapoor and various other friends of the brand: Sofia Richie Grainge and Damson Idris among them. Sylvester Stallone popped in at the end.

Hilfiger stuck to what he knows on models walking through: rugby shirts, blazers, chinos and varsity jackets in corduroy and herringbone. There were tailored women's coats in wool, checks and earth-toned tweeds, and chunky cable knits and mini-dress polos in cashmere.

Hilfiger put some of his famous guests in pieces that were shoppable as he continued to embrace a “see now, buy now” approach to fashion shows.

Who's wearing his take on so-called affordable luxury?

During a preview Thursday at his Madison Avenue offices, Hilfiger ticked off his primary markets of today: Germany, France, Italy, England, Türkiye, various parts of Scandinavia and Greece among them.

“That business is now bigger than the US business,” he told The Associated Press. “We're going to bring it back in the states now because we have really focused a lot on international growth. And this is a statement we’re making, that we’re coming home, and we’re taking it very seriously.”

And who had the most fun during his New York return? Hilfiger himself. He posed with Stallone and others for photos after his finale, when Batiste played along to his hit “Freedom” as he walked through the crowd. The designer even briefly joined Questlove in his booth.

On the runway, Hilfiger kept his logo messaging to a minimum as he attempts to “grasp,” as he called it, US consumers once again.

“We have to do it in a different way. We have to give them more elevated product, more modern fabrics and fits, and avoid redundancy,” he said. “We’ve got a very big polo shirt business, chino pant business, Oxford shirt business. But the consumer wants more than just that. Those are his or her staples. We're now going to bring some more excitement. And some more sophistication.”

Hilfiger started his eponymous brand in New York in 1985. PVH acquired it in 2010. Global retail sales of the brand’s wide range of products totaled about $9.1 billion in 2022.



Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery

A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
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Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery

A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)

Birkenstock beat market expectations for fourth-quarter results on robust demand for its pricey footwear and forecast a recovery in margins in fiscal 2025, sending the company's shares up 7% on Wednesday.

With fresh styles becoming a priority for consumers, Birkenstock's sandals and closed-toe clogs have drawn new customers both at its own stores and at retailers.

The company bypassed steep discounting trends evident during the holiday shopping season, which Birkenstock executives said was off to a strong start globally.

"The expansion of ranges into more closed-toe silhouette has helped boost revenue, given that they offer multi-season wear," Susannah Streeter, head of money and markets at Hargreaves Lansdown, said.

Germany-based Birkenstock's average selling prices across its product range were up 8% in fiscal 2024, in part due to higher sales of clogs, the company said, adding that closed-toe styles now made up about a third of its business.

The company has invested in expanding its global store presence and increasing manufacturing capacity this year to meet demand.

While it led to a 330-basis point drop in gross margins in fiscal 2024, Birkenstock forecast a recovery in margins in fiscal 2025 as it ramps up production from new facilities.

The company reported fourth-quarter revenue of 455.8 million euros ($478.27 million), compared with the average analyst estimate of 439.2 million euros, according to data compiled by LSEG.

However, Birkenstock's forecast for fiscal 2025 revenue to increase between 15% and 17% was below estimates of 17.5% growth.

"It would appear with this incredibly healthy growth, the company is choosing to adopt a conservative approach that they expect to be able to meet and beat," BMO Capital Markets analyst Simeon Siegel said.

On an adjusted basis, Birkenstock earned 0.29 euro per share, beating estimates of 0.26 euro.