The PVH Group, the parent company of Calvin Klein and Tommy Hilfiger, announced the day before yesterday that in order to control costs as much as possible in response to the new crown virus epidemic, it plans to lay off 450 employees in North America and close a total of 162 stores under its brands. In the first fiscal quarter ended May 3, PVH Group sales plummeted 43%, with a net loss of $1.1 billion. Among them, Calvin Klein and Tommy Hilfiger's sales plummeted 46% and 39%, respectively.
Tommy Hilfiger
Market Segment
Premium
Core Business Apparel
Core Business Apparel
Tommy Hilfiger 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 Tommy Hilfiger.
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 | ||||||||
| Operating Income |
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
Tommy Hilfiger website
Tommy Hilfiger ecommerce
Official Social Media
Brand Description
Establishment
Year
1984
City
New York
Country
United States
Founder
Thomas Jacob Hilfiger
Head Designer
Tommy Hilfiger
1984 - current
Profile
Tommy Hilfiger, which is distributed in over 90 countries, is one of the world's leading designer lifestyle brands. Tommy Hilfiger's "classic American cool" lifestyle delivers "preppy with a twist" designs that appeal to a diverse range of consumers globally, as does its accessible, premium position.
Tommy Hilfiger offers a wide range of high quality apparel, accessories and lifestyle products and the brand enjoys a strong global brand awareness. We sell Tommy Hilfiger products under two principal brands (which we refer to together as the Tommy Hilfiger brands) - Tommy Hilfiger, which is targeted at the 25 to 45 year old consumer, and Hilfiger Denim, which is targeted at the 20 to 35 year old consumer.
Tommy Hilfiger product offerings by us and our licensees include sportswear for men, women and children; footwear; athletic apparel (golf, swim and sailing); bodywear (underwear, robes and sleepwear); eyewear; sunwear; watches; handbags; men's tailored clothing; men's dress furnishings; accessories, socks, small leather goods; fragrances; home and bedding products; bathroom accessories and luggage.
The Hilfiger Denim product line consists of jeanswear and footwear for men and women; bags; accessories; eyewear and fragrance and is positioned as being more "fashion forward" and casual than the Tommy Hilfiger label.
Business Strategy
Core Business
Apparel
Target
Men
Women
Kids
Product Categories
Accessories
Apparel
Bags
Denim
Fragrance
Jewelry
Shoes
Swimwear
Underwear & Lingerie
Watches
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
Tommy Hilfiger Latest News
During the first fiscal quarter, Tommy Hilfiger's sales plummeted 39%.
PVH Corp plans to close and cut job at Calvin Klein and Tommy Hilfiger
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.
Tommy Hilfiger backs up BLM statement with US$15m plan to diversify the fashion industry
Global fashion brand Tommy Hilfiger has unveiled a comprehensive plan to address racial inequality within its own organisation and the fashion industry more broadly.
On Monday, the PVH-owned brand announced the launch of the People’s Place Program, a new initiative that aims to increase representation of minority communities in fashion in three ways: partnerships, career support and industry leadership.
Going forward, Tommy Hilfiger has said it will focus on “purpose-led collaborations” and partnerships with organisations and creative peers working to advance the representation of Black, Indigenous and people of colour (BIPOC) in the fashion industry.
On Monday, the PVH-owned brand announced the launch of the People’s Place Program, a new initiative that aims to increase representation of minority communities in fashion in three ways: partnerships, career support and industry leadership.
Going forward, Tommy Hilfiger has said it will focus on “purpose-led collaborations” and partnerships with organisations and creative peers working to advance the representation of Black, Indigenous and people of colour (BIPOC) in the fashion industry.
Tommy Hilfiger formal at Lardini
Tommy Hilfigercommissioned the "tailor-made" series to Ladini. Starting in the spring of 2021, the company will be responsible for the design, production and licensing of formal clothing in the EMEA and Apac regions.
Ex-Tommy Hilfiger exec to join Hugo Boss
Daniel Grieder has been appointed as the new CEO for Hugo Boss. He was previously the CEO of Tommy Hilfiger.
Tommy Hilfiger's sales fell 39% in the first quarter
On June 11, New York time, PVH announced that the group had a net loss of US$1.1 billion in the first quarter. Revenue for the quarter ended May 3 dropped by 43% to US$1.3 billion. Tommy Hilfiger's sales fell by 39% in the first quarter.
Tommy Hilfiger CEO leaves
The current CEO of Tommy Hilfiger, Daniel Grieder, has left, and Martijn Hagman will take over the position, with the appointment effective immediately. The former will also step down as the CEO of PVH Group Europe, the latter will be the Chief Financial Officer and Chief Operating Officer of Tommy Hilfiger, and the Chief Operating Officer of PVH Group Europe, responsible for overseeing operations, finance, digital transformation and technology development. The brand also conducted a "see now, buy now" live event for consumers in Europe and North America last week.
Tommy Hilfiger appoints new CEO
On June 2, New York time, Daniel Grieder officially resigned as CEO of Tommy Hilfiger Global and PVH Europe. This position will be succeeded by Martijn Hagman, reporting to PVH President Stefan Larsson, the appointment will take effect on the same day
Tommy Hilfiger pushes PVH revenues to 10 billion (+ 3%)
The Tommy Hilfiger brand, driven by the outstanding performance of Europe, sales increased by 8%, while the revenue of international comparable stores increased by 9%, while the sales of comparable sales in North America fell by 6% . Due to weak traffic and consumption. Calvin Klein's exchange rate fell slightly by 2%, due to protests in Hong Kong and trade tensions between China and the United States caused currency exchange and Asian weakness. Sales at comparable international stores fell by 1%, and sales in North America fell by 2%.
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