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Macy’s to majority sell tommy hilfiger

New york department shop operator macy’s inc.

Income Outlet UK terms were not disclosed.

The deal is the latest in a slew of exclusive agreements between store chains and designers as a way to separate themselves in a fiercely competitive environment.But the macy’s tommy hilfiger partnership is different from others because of the designer’s immense popularity that can be purchased.Shops, has suffered a sales slowdown realize it’s a huge.The label underwent a series of fashion makeovers to complete sales, but the name still includes a lot of clout.

Tommy hilfiger was acquired by private equity finance group apax partners for about $1.6 billion keep away from 2005.

A fashionable arrangement could help macy’s turn around its business, which has been disappointing since the 2005 acquisition of may department shops inc.This kind of fall, macy’s launched an exclusive furniture collection with home maven martha stewart, having so far done well.

In an announcement, designer hilfiger said the recent consolidation of department Ralph Lauren UK:http://www.ycol.co.uk/ shops has made the alliance”More entertaining and logical,

In your firm stand out, terry t.Lundgren, macy’s chairman, president and leader, said that both women’s and men’s merchandise have been performing well.

“Strong and more successful brands like tommy hilfiger set macy’s apart, rumoured lundgren. “So offering this brand on a much more exclusive basis is another powerful reason consumers to choose to shop at macy’s,

As an area of the deal, macy’s will heighten the number of hilfiger shops in high volume macy’s stores, renovate and upgrade existing shops and feature hilfiger libraries in its marketing campaigns.