CALVIN KLEIN news and archive

PVH post Q2 revenue growth, raises EPS outlook

Second quarter revenue at PVH increased 4 percent or 2 percent in a constant currency basis to 2.207 billion dollars versus its guidance for an increase of low single-digits. Commenting on the trading update and outlook, Stefan Larsson, chief executive officer of PVH said in a statement: “We delivered another strong quarter across both Calvin...

People

PVH implements further job cuts in streamlining efforts

PVH, the parent company of Calvin Klein and Tommy Hilfiger, has announced additional job cuts as part of its ongoing streamlining strategy. The group previously revealed plans to reduce "people costs" by 10 percent by the end of 2023. The new round of cuts is anticipated to incur a severance expense of approximately 50 million dollars. These...

BusinessFeatured

PVH reports uptick in Q1 sales, reaffirms FY outlook

Tommy Hilfiger parent company PVH has reaffirmed its full-year outlook after reporting a 2 percent increase in revenue in the first quarter, beating its Q1 guidance. The US fashion giant generated revenue of 2.158 billion dollars in the first quarter, up from 2.123 billion dollars a year earlier, as growth in its DTC business offset a drop in...

Fashion

Calvin Klein unveils capsule collaboration with Blackpink’s Jennie

Calvin Klein has revealed that it has worked with Jennie Kim, singer and rapper from K-pop group Blackpink, on a co-created collection that takes cues from her wardrobe essentials. The line, ‘Jennie for Calvin Klein’, includes a wide selection of underwear sets, denim pieces, sweats, fleece and knits, all updated through the use of a pastel...

People

Calvin Klein announces K-Pop idol Jung Kook as global brand ambassador

South korean singer, songwriter and member of the pop group BTS is the new global brand ambassador for Calvin Klein Jeans and Calvin Klein Underwear. The campaign was shot by Park Jong Ha, and shows the K-Pop sensation wearing new items of the brand’s Spring 2023 collection, including new denim fits as well as a new crew neck shirt. Jung Kook...

BusinessFeatured

Tommy Hilfiger and Calvin Klein drive revenue growth at PVH

Fourth quarter revenue at PVH Corp. increased 2 percent or 8 percent on a constant currency basis to 2.489 billion dollars. Tommy Hilfiger revenue increased 3 percent or 10 percent on a constant currency basis, Calvin Klein revenue increased 3 percent or 8 percent on a constant currency basis and Heritage Brands revenue decreased 10 percent...

People

PVH appoints Amber McCann as chief communications officer

PVH Corp. has announced the appointment of Amber (McCasland) McCann as executive vice president and chief communications officer, effective April 6, 2023. McCann, the company said in a statement, a highly experienced corporate communications executive, will lead all aspects of PVH’s global internal and external communications strategy and report...

Donald Kohler to join as president, Calvin Klein Americas

Donald Kohler will be joining as president, Calvin Klein Americas on March 13, 2023, to lead the regional Calvin Klein business, and will report to Stefan Larsson, CEO of PVH Corp. The company said in a release that Kohler joins PVH and Calvin Klein with three decades of retail leadership experience. Over the past 15 years, he has led the...

Business

Eva Serrano to join as global brand president of Calvin Klein

PVH Corp has announced the appointment of Eva Serrano as the new global brand president of Calvin Klein. Serrano, a seasoned Inditex group veteran, will join the company in March 2023 and report to PVH Corp CEO Stefan Larsson. Commenting on Serrano’s appointment, Larsson said: “Eva knows how to drive brand growth in global markets, how to...

BusinessFeatured

PVH swings to Q3 loss, but revenue beats estimates

Tommy Hilfiger owner PVH Corp fell into the red in the third quarter despite stronger-than-expected revenue. The US fashion giant made a net loss of 186.7 million dollars in the period compared to a profit of 279.7 million dollars a year earlier. Revenue of 2.281 billion dollars was 2 percent below the previous year, but 7 percent higher on a...

Business

PVH extends G-III licensing deals to bring core categories in-house

PVH Corp has announced the extension of most of its licensing agreements with brands under the G-III Apparel Group. The extension pertains to Calvin Klein and Tommy Hilfiger in the US and Canada, and largely covers the brands’ women’s North American wholesale businesses. The agreement moves the group’s licence expiry date from 2025 to 2027. It...

Retail |In Pictures Featured

In Pictures: A look into retailers’ new stores in Battersea Power Station

Following a nine billion pound transformation plan, the Battersea Power Station finally opened its doors on October 14, decades after the coal-fired power station was decommissioned as an energy plant. Over its first weekend, the Grade II-listed location reported that over a quarter of a million visitors had descended on the site, which also...