Pvh Corporation Stock Price, News & Analysis

PVH Corp. has appointed Alegra O’Hare as the new Chief Marketing Officer for TOMMY HILFIGER Global, effective April 12, 2021. O'Hare is set to develop innovative global marketing strategies aimed at engaging both existing and emerging consumer generations. With over 25 years of experience, she has previously served as CMO at GAP and has worked with major brands like adidas and Bang & Olufsen. Her appointment is expected to enhance TOMMY HILFIGER's brand vision and market positioning in a changing consumer landscape.

PVH Corp (NYSE: PVH) will release its fourth quarter and full year 2020 earnings results, along with a 2021 outlook, on March 30, 2021, after the market closes. A conference call, led by CEO Stefan Larsson and CFO Michael Shaffer, will take place on March 31, 2021, at 9:00 A.M. Eastern Time to discuss the results. The call will be broadcast live on the company's website. Additionally, it will feature forward-looking statements regarding future events and financial performance, subject to risks and uncertainties.

PVH Corp. [NYSE:PVH] has appointed Trish Donnelly, former CEO of Urban Outfitters Group, as CEO of PVH Americas. This strategic move aims to enhance the company’s alignment with consumer trends and strengthen its brand leadership in the Americas, overseeing Calvin Klein and Tommy Hilfiger brands. Donnelly, set to join on February 16, brings extensive leadership experience and a consumer-first strategy to drive sustainable growth. CEO Stefan Larsson emphasized her potential to unlock significant growth opportunities across the region while fostering a values-based culture.

PVH Corp. [NYSE:PVH] has appointed Trish Donnelly as the new CEO of PVH Americas, effective February 16. Donnelly, formerly the CEO of Urban Outfitters Group, will oversee Calvin Klein, Tommy Hilfiger, and Heritage Brands in the Americas, as well as the global Calvin Klein brand. Her leadership is expected to enhance PVH's market-share growth and strengthen its regional presence. CEO Stefan Larsson praised Donnelly's extensive experience in e-commerce and retail execution, indicating she will significantly contribute to PVH's values-driven strategy.

PVH Corp. [NYSE: PVH] announced Stefan Larsson as its new Chief Executive Officer and member of the Board of Directors, following a planned leadership transition. Former CEO Manny Chirico will remain as Chairman. Larsson, who joined the company in June 2019, oversaw brand recovery during the pandemic and aims to enhance consumer connection and brand relevance. Chirico expressed confidence in Larsson, praising his leadership and strategic vision for sustainable growth. PVH has evolved into a top global fashion and lifestyle firm with approximately 40,000 associates.

PVH Corp. (NYSE: PVH) announces the third edition of the Tommy Hilfiger Fashion Frontier Challenge, open for applications from January 6 to March 8, 2021. This global initiative supports BIPOC entrepreneurs aiming for positive social impact in fashion with awards totaling €200,000 and mentorship opportunities. Since 2018, the Challenge has distributed €350,000 to foster inclusivity and community change. Consumers can also participate as judges to select finalists from 200 applicants. The final event will be held in early 2022.

PVH Corp. reported a challenging third quarter for 2020, with revenue declining 18% to $2.118 billion, primarily due to the COVID-19 pandemic. Direct-to-consumer revenue dropped 11%, despite a significant 70% increase in digital commerce. International markets, particularly China, showed resilience. Earnings per share on a GAAP basis fell to $0.98, down from $2.82 a year earlier. The company holds over $2.7 billion in liquidity. With ongoing store closures in Europe and North America, PVH is focusing on digital channels and cost efficiencies to improve future performance.

PVH Corp. [NYSE: PVH] announced the appointments of Allison Peterson, Chief Customer Officer at Best Buy, and George Cheeks, CEO of CBS Entertainment Group, to its Board of Directors, effective January 26 and March 22, 2021, respectively. These appointments aim to leverage their extensive experience in consumer engagement and digital strategies as PVH adapts to market changes. Chairman Manny Chirico emphasized the importance of diverse expertise to enhance the company’s strategy. The board continues to refresh its membership to align with evolving consumer behaviors and business needs.

Calvin Klein, a subsidiary of PVH Corp., has appointed Jessica Lomax as the new Executive Vice President and Global Head of Design, effective December 9, 2020. Lomax, previously at Nike, brings a wealth of experience in design and innovation, particularly in women’s sportswear. Her role will focus on enhancing Calvin Klein's design strategy, driving sustainability, and strengthening product categories. This appointment follows recent key hires in leadership aimed at evolving the brand to be more consumer-centric and relevant in today's market, supporting PVH’s vision of sustainable profitable growth.