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The company also highlighted tight cost controls and said it was enjoying better margins that resulted from new global sourcing operations.
"Enron may be driving the car, but we're still in the front seat," said Charles E. Dana, vice president for global sourcing operations.
Heitzeberg: Sourcing operations in different parts of the country like New York and Houston.
He will be responsible for all stores, supply chain and sourcing operations.
The sourcing operations find factories to make Hilfiger's apparel and deal with the logistics of getting them into retail stores.
Bought global sourcing operations of Tommy Hilfiger in a deal that could cost as much as $300 million.
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Wal-Mart's expertise in running a sophisticated $1.6bn£830m0m) sourcing operation in India landed the contract.
So far this year, Mr Rockowitz says, Li & Fung's sourcing operation has seen price increases of 15% on average.
As for Biyani, he is now looking to build a low-cost distribution and sourcing operation for fresh food.
The import quotas on Chinese apparel are phasing out next year, and Wal-Mart's sourcing operation is gearing up to bring in what could easily be double or triple its current volume from China.
In December, CVS and pharmaceutical distributor Cardinal Health Inc announced a 10-year agreement to form the largest generic drug sourcing operation in the United States.
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