PVH (PVH) Stock News, Oct 2020-Mar 2021

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.

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'.