Welcome to our dedicated page for Pvh Corporation news (Ticker: PVH), a resource for investors and traders seeking the latest updates and insights on Pvh Corporation stock.
PVH Corp. issues news about the global apparel business built around Calvin Klein and TOMMY HILFIGER. Company updates commonly cover quarterly earnings, revenue outlook, operating margins, dividends, and brand activity across product categories such as denim, menswear, accessories, underwear, jeans, and licensed fragrance extensions.
News also reflects PVH's consumer marketing model, including fashion campaigns, ambassador and creative collaborations, e-commerce and wholesale channels, and programs from the PVH Foundation that support emerging fashion talent. The company operates in more than 40 countries and traces its apparel business history back more than 140 years.
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.
PVH Corp (NYSE: PVH) has announced the release date for its third quarter 2020 earnings results, set for December 2, 2020, after market closure. A conference call to discuss these results will occur on December 3, 2020, at 9:00 A.M. ET, hosted by top executives including CEO Emanuel Chirico. The call will be available via live broadcast on the company's website, with a replay option for those unable to attend. PVH reported revenues of $9.9 billion in 2019, showcasing its significant market presence.
PVH Europe has announced the installation of the world's most powerful operational solar roof at its Warehouse and Logistics Center in Venlo, Netherlands. This project, featuring over 48,000 solar panels and generating 18 MWp, supports PVH’s goal to power all its Dutch facilities with renewable energy. This initiative aligns with its commitment to achieve 100% renewable electricity by 2030 and reduce supply chain carbon emissions by 30%. The Venlo center covers 110,000 m² and has received a BREEAM rating of 'Very Good'.
PVH Corp. [NYSE: PVH] announced the succession of CEO Manny Chirico, who has led the company since 2006, to Stefan Larsson, effective February 1, 2021. Larsson, previously President of PVH and former CEO of Ralph Lauren, is expected to lead the company through post-pandemic recovery and growth. Under Chirico, PVH grew significantly, transforming into a major global fashion player with nearly $10 billion in revenue in 2019. Chirico remains Chairman of the Board to aid in the transition, emphasizing Larsson's capability to navigate the evolving retail landscape.