PVH news and archive

PVH raises profit outlook, unveils restructuring plan for Calvin Klein

Steve Shiffman, Chief Executive Officer of Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. has unveiled a series of strategic changes to the company in response to, what the company has called, rapidly evolving fashion and retail landscape. As a part of the strategy, Calvin Klein’s the 654 Madison Avenue store will be closing in...

Fashion Featured

4 takeaways from CFDA’s Diversity Report

The Council of Fashion Designers of America (CFDA) has teamed up with fashion conglomerate PVH Corp to analyze how inclusive and diverse American fashion companies are. In October, the duo gathered 50 top industry executives from 30 companies at a conference to survey them on current practices, and brainstorm ideas to make inclusion and...

Fashion Featured

Raf Simons out at Calvin Klein: What went wrong?

In a move that was widely anticipated, Raf Simons is departing Calvin Klein after parent company PVH confirmed the brand will go forward with a different direction and vision. After only four seasons in the role, the promise of Simons revolutionising American fashion came to an abrupt halt. Sadly, this was a marriage not meant to endure. What...

PeopleFeatured

Raf Simons exits Calvin Klein, effective immediately

Raf Simons’ time at Calvin Klein has come to an end. Less than two years after the Belgian designer was appointed to the role of creative director at the American brand, he is making his departure. Despite the fact that there are still eight months left on Simons’ contract, he is out effective immediately. The Calvin Klein brand will not show a...

People

Will Raf Simons remain at Calvin Klein? CEO disappointed about sales

Raf Simons’ tenure at Calvin Klein has drawn accolades from the fashion community (the designer scored its third CFDA award in two years back in June), but it seems the critical acclaim has not translated into sales as much as Emanuel Chirico, Chairman and CEO of Calvin Klein’s parent company PVH Corp, would want. “We went too far, too fast on...

Report

PVH Q3 revenues jump 7 percent, raises full year outlook

American apparel retailer PVH said on Thursday its Q3 revenue for 2018 rose by 7 percent or 9 percent on constant currency basis to 2.5 billion US Dollars. Earnings per share on GAAP basis were 3.15 US Dollars and on non-GAAP basis were 3.21 US Dollars compared to 3.05 and 3.02 US Dollars respectively in the same quarter last year. The company’s...

Report

PVH Q2 revenues up 13 percent, raises full year EPS outlook

American apparel retailer PVH said on Wednesday its Q2 revenue for 2018 increased by 13 percent and net income rose by 38 percent from the same period last year. The company said that full year 2018 EPS outlook has been raised despite reduced foreign currency benefit. The company raised EPS on GAAP basis in the range of 8.96 dollars to 9.01...

BusinessFeatured

PVH speeds up sustainability efforts by joining Fashion for Good, Global Fashion Agenda

American clothing company PVH Corp., owner of brands of such as Calvin Klein, Tommy Hilfiger, Van Heusen, Speedo and Izod announced in a news release its global participation in three important initiatives focused on accelerating the transition to a sustainable fashion industry based on circular economy principles. PVH recognises its role in...

BusinessFeatured

Fashion for Good announces partnership with PVH

Global sustainability initiative Fashion for Good and PVH Corp., (Tommy Hilfiger, Calvin Klein) announced their new partnership today, which aims at accelerating the transition towards a good fashion industry. PVH is Fashion for Good's eighth corporate partner apart from Adidas, C&A & the C&A Foundation, Galeries Lafayette, Kering, Target and...

ManagementFeatured

PVH: Q1 GAAP earnings per share improve, revenues up 16 percent

First quarter revenue at PVH Corp increased 16 percent or 10 percent on constant currency basis to 2.3 billion dollars. Earnings per share on a GAAP basis were 2.29 dollars compared to 0.89 dollar in the prior year period. Earnings per share on a non-GAAP basis were 2.36 dollars compared to 1.65 dollars in the prior year period. Earnings before...

Business |IN DEPTH Featured

A closer look at the fashion companies that made this year’s Fortune 500 list

Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 Several businesses are being removed from Walmart’s...

ManagementFeatured

PVH posts rise in Q3 earnings, raises full year EPS outlook

Earnings per share on a GAAP basis, PVH said, was 3.05 dollars for the third quarter of 2017 compared to 1.56 dollars in the prior year period. On a non-GAAP basis, EPS was 3.02 dollars compared to 2.60 dollars in the prior year period. Revenue for the quarter increased 5 percent or 3 percent on a constant currency to 2.4 billion dollars over...