Tumi, Tiffany & GIII Apparel Group Shares Ready to Take Off

Shares of Tumi have been range-bound in recent years, but a slew of new products will help the luggage-seller's stock breakout in 2015, said Rick Patel, Research Analyst at Stephens. Patel added that Tumi has brought its e-commerce business in-house which will improve its margins since it no longer has to rely on a third party operator. He said shares of Tiffany & Co. will also benefit from the high end retailer's new 'T' Collection, as well as improving sales in China. Finally, Patel is positive on GIII Apparel Group, saying the company is a steady market share gainer and is scaling up in new categories.