PVH Corp, which owns Calvin Klein and Tommy Hilfiger among other brands, announced that it is closing all of its 162 Heritage Brands stores in North America and cutting 450 jobs across the company. In a statement, the company president Stefan Larsson said that the COVID-19 crisis is "dramatically reshaping" retail and that job cuts and store closings were important for the "long-term health" of the company.
Calvin Klein
Market Segment
Premium
Core Business Apparel
Core Business Apparel
Calvin Klein Financial Report 2019
Income Statement Trend
Net Sales
It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed.
Operating Margin
PVH Corporation doesn't provide the Operating Margin figure for Calvin Klein.
Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.
Income Statement Highlights
| in Millions of USD | 2019 | 2018 | Δ 2019/2018 | 2017 | Δ 2018/2017 | 2016 | Δ 2017/2016 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Net Sales |
Net Sales by Country
| in Millions of USD | 2019 | 2018 | Δ 2019/2018 | 2017 | Δ 2018/2017 | 2016 | Δ 2017/2016 | 2015 | Δ 2016/2015 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Other Countries | ||||||||||
| North America |
PVH Corporation Financial Report
Income Statement Trend
Total Revenue
It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income.
Operating Margin
Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.
Net Profitability
It's a measure of a company's overall profitability, i.e. how much of its sales are converting to profit. The value given is the amount of sales needed to generate one currency unit of post tax profit. Negative values mean that the company has a negative level of post tax profit. The figure is about the latest fiscal year available.
Profit Ratio
It's a key measure of success. The profit ratio measures the amount of profit generated by each single currency unit of sales. The figure is about the latest fiscal year available.
Income Statement Highlights
| in Millions of USD | 2019 | 2018 | Δ 2019/2018 | 2017 | Δ 2018/2017 | 2016 | Δ 2017/2016 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | ||||||||
| Cost of Sales | ||||||||
| Gross Profit | ||||||||
| Operating Income | ||||||||
| Net Income |
Balance Sheet Highlights
| in Millions of USD | 2019 | 2018 | Δ 2019/2018 | 2017 | Δ 2018/2017 | 2016 | Δ 2017/2016 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Total Assets | ||||||||
| Current Liabilities | ||||||||
| Equity |
PVH Corporation Annual Report
Official Websites
Calvin Klein website
Calvin Klein ecommerce
Official Social Media
Brand Description
Establishment
Year
1968
City
New York
Country
United States
Founder
Calvin Klein
Designers
Francisco Costa
2004 - 2016
Ithalo Zucchelli
2004 - Present
Raf Simons
August 2016 - December 2018
Profile
The Calvin Klein brands - Calvin Klein Collection, ck Calvin Klein and Calvin Klein - provide the company with the opportunity to market products both domestically and internationally at higher price points, in higher-end distribution channels and to different consumer groups than most of our Heritage Brands business product offerings.
Each of the Calvin Klein brands occupies a distinct marketing identity and position that preserves the brand's prestige and image.
Business Strategy
Core Business
Apparel
Target
Men
Women
Product Categories
Apparel
Bags
Fragrance
Jewelry
Shoes
Underwear & Lingerie
PVH Corporation profile
Telephone
+1 212 381 3500
Fax +1 212 381 3950
Date of foundation 1881
Type of Company Listed
Fax +1 212 381 3950
Date of foundation 1881
Type of Company Listed
Headquarters
Ownership (Top Shareholders)
PVH Corporation Brands
Calvin Klein Latest News
PVH Corp plans to close and cut job at Calvin Klein and Tommy Hilfiger
Calvin Klein's parent company will close 162 stores and lay off 450 employees
The US apparel giant PVH Group, which owns Calvin Klein, Tommy Hilfiger and other brands, recently announced that it plans to lay off 450 employees in North America and close 162 stores to better control costs and respond to the epidemic crisis. In the first fiscal quarter ended May 3, PVH Group’s sales plummeted 43% to US$1.257 billion, with a net loss of US$1.1 billion. During the period, Tommy Hilfiger sales fell 39% to 615 million US dollars, and Calvin Klein sales fell 46% to 426 million US dollars.
Calvin Klein to Bring In-House Footwear Collections in Europe and Asia
Calvin Klein will establish dedicated teams that will be responsible for design, production, and distribution of Calvin Klein footwear in the regions.
This development comes after a successful and fruitful partnership with Jimlar Corporation, a division of Global Brands Group. Jimlar Corporation currently holds the footwear license agreements for the CALVIN KLEIN JEANS, Calvin Klein and CK Calvin Klein lines, which will expire at the end of 2020. Beginning in 2021, Calvin Klein Europe and Calvin Klein Asia will operate the footwear category internally, allowing for more control over product design and development.
This development comes after a successful and fruitful partnership with Jimlar Corporation, a division of Global Brands Group. Jimlar Corporation currently holds the footwear license agreements for the CALVIN KLEIN JEANS, Calvin Klein and CK Calvin Klein lines, which will expire at the end of 2020. Beginning in 2021, Calvin Klein Europe and Calvin Klein Asia will operate the footwear category internally, allowing for more control over product design and development.
Bella Hadid for Calvin Klein Swimwear
Bella Hadid is featured with the new Calvin Klein Swimwear campaign, which shot before the Covid-19 pandemic by Charlotte Wales.
Calvin Klein and shoe manufacturing distributor Marc Fisher reached a partnership
Calvin Klein, a subsidiary of PVH Group, has reached a long-term cooperation agreement with Marc Fisher Footwear Co., which will design, produce and distribute Calvin Klein and Calvin Klein Jeans shoes for men and women in the United States and Canada. The first series of the cooperation between the two parties will be officially launched at the New York Fashion Footwear Association fashion show in August, and will be on sale in the spring of 2021.
Coronavirus Closes Most Calvin Klein, Tommy Hilfiger Stores in China
PVH Corp. is bracing for its coronavirus hit.
The company is sticking by its profit guidance for the fourth quarter ended Feb. 2 — when the outbreak was still in its early stages — but said the majority of its owned and franchised Calvin Klein and Tommy Hilfiger stores in China were now temporarily closed. And the rest of the doors are staying open for only part of the regular selling day and are “experiencing significantly lower than planned traffic and sales trends.”
Late year, Greater China accounted for about 7 percent of the company’s revenues while the whole Asia-Pacific region made up approximately 16 percent of the top line.
The company is sticking by its profit guidance for the fourth quarter ended Feb. 2 — when the outbreak was still in its early stages — but said the majority of its owned and franchised Calvin Klein and Tommy Hilfiger stores in China were now temporarily closed. And the rest of the doors are staying open for only part of the regular selling day and are “experiencing significantly lower than planned traffic and sales trends.”
Late year, Greater China accounted for about 7 percent of the company’s revenues while the whole Asia-Pacific region made up approximately 16 percent of the top line.
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