Tommy Hilfiger (tommy.com) has joined the ranks of the elite retailers with the announcement of its new global flagship store on Fifth Avenue, New York City. The 22,000 square foot space, spread over four floors, will become the premiere flagship store in the company’s global retail portfolio, which over the years has grown to consist of 545 stores worldwide.

The signing of this lease marks another strategic move to expand the brand’s retail presence in the United States. Once opened in November 2008, this store will join the newly opened Hilfiger Denim concept store and the women’s boutique on Bleecker Street in Manhattan, the Georgetown store in Washington, D.C. and the soon to be opened Miami Beach, Florida store in May 2008. The new flagship location will be the first Tommy Hilfiger store worldwide to incorporate every product category of the Tommy Hilfiger lifestyle, including the runway collection, menswear, womenswear, childrenswear, tailored, footwear, accessories, home, as well as the complete Hilfiger Denim collection.

“Tommy Hilfiger has grown to become a globally recognized, premium lifestyle brand representing the quintessential values of ‘Classic American Cool.’” said Fred Gehring, CEO of Tommy Hilfiger Group, in a statement. “We have established an important retail presence throughout the world in cities such as London, Paris, Milan, Moscow, Shanghai, and Sao Paolo. Yet we were missing a real global anchor in New York City, the home of our brand, for quite some time. We are incredibly excited that following a long search, we have secured the perfect location for this very important initiative.”

Photo: A look from Tommy Hilfiger Autumn/Winter 08-09 collection