Samsonite CEO: Summer Travel Season Will Be Very Strong

The transcript discusses the company's strong sales performance, particularly in China, and the expected recovery of travel by Q3. Despite recessionary pressures, consumer demand for travel remains high. The company has adjusted its pricing strategy post-pandemic and is focusing on demand-driven pricing. Gross margins are improving, aided by strong sourcing strategies in Asia. Production and inventory management are well-positioned to meet growing demand.

What is the expected timeline for China's full travel recovery?

• By the end of Q4

• By the end of Q3

• By the end of Q2

• By the end of Q1

How has consumer demand for travel been affected by recessionary conditions?

• Demand has remained resilient

• Demand has decreased significantly

• Demand has increased slightly

• Demand has been unpredictable

What is the company's approach to pricing in the current year?

• Increase prices due to inflation

• Maintain current pricing levels

• Decrease prices to boost sales

• Introduce dynamic pricing

How has the company managed its production and inventory levels?

• By outsourcing production

• By aligning inventory with demand

• By maintaining high inventory levels

• By reducing production

What advantage does the company have in its production strategy?

• Strong balance sheet

• Advanced technology

• Exclusive partnerships

• Low labor costs