×
249
Fashion Jobs
TALENSETU SERVICES PRIVATE LIMITED
Production Manager
Permanent · Jeddah
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Jamui / Jehanabad/Nawada
Permanent · Jahanabad
STERLING MANUFACTURING COMPANY
Area Sales Manager Electrical Goods, Home Appliance All Over India
Permanent · Ranchi
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Uttarakhand)
Permanent · Uttarkashi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Jharkhand (Only Males)
Permanent · Ranchi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Vaishali/ Khagaria/ Begusarai
Permanent · Begusarai
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (mp) All District
Permanent · Bhopal
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Jharkhand (Only Males)
Permanent · Deoghar
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Saran/ Madhubani/Saharsa
Permanent · Saharsa
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Rajasthan) All District
Permanent · Udaipur
GLOBAL TEXTILES ALLIANCE INDIA PVT LTD
Manager - Production Knitting
Permanent · Coimbatore
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Banka/ Kaimur/Patna
Permanent · Ottawa
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Bihar All District)
Permanent · Katihar
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Kanpur / Mirzapur / Allahabad
Permanent · Prayagraj
MEDLEY PHARMACEUTICALS LTD
District Sales Manager(Asm) - Chennai
Permanent · Chennai
MUMBAI ROZGAAR PRIVATE LIMITED
Hiring For Sales Manager in Edutech Company- (Gurgaon/Gurugram)
Permanent · Gurugram
GANGAR OPTICIANS PVT. LTD.
Opening For Area Manager(From Opticals) For Central Mumbai
Permanent · Mumbai
DR. JRK'S RESEARCH AND PHARMACEUTICALS PVT LTD.
Area Sales Manager (Pharma Experience is Must) - Jaipur
Permanent · Jaipur
ELICO MECHOPTRONIX PVT LTD
Requirement For Manager/sr. Manager - Operations (Mechanical)
Permanent · Hyderabad
MEDLEY PHARMACEUTICALS LTD
District Sales Manager(Asm) - Davangere
Permanent · Davanagere
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Gaya/ Munger/Sheikhpura
Permanent · Gaya
Published
May 25, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

PVH revenues up 4 percent, powered by Calvin Klein and Tommy Hilfiger

Published
May 25, 2017

PVH Corp reported a 4 percent increase in sales to $2 billion for the most recent financial quarter, compared to the same quarter last year. The increase was largely buoyed by the performances of the Calvin Klein and Tommy Hilfiger brands, with a decrease in the revenues of PVH’s heritage brands.


Calvin Klein


However, net income took a dramatic dive, finishing up with $70.1 million for the quarter, down from $231.6 million for the same period last year. The brand portfolio group attributed this drop to various major expenses, including $7 million for relocating the Tommy Hilfiger offices in New York and a $54 million dollar deal with Li & Fung to reorganize PVH's supply chain in China. 

Tommy Hilfiger’s revenues increased 6 percent to $842 million, while Calvin Klein saw a 5 percent increase to $756 million. Both saw even higher increases in the international market, with Tommy Hilfiger’s international revenues jumping 15 percent. Despite Calvin Klein’s recent deconsolidation in Mexico, the brand still managed an 11 percent increase in international revenues thanks to its growth in China and Europe.

“We continue to experience strong momentum in our Calvin Klein and Tommy Hilfiger businesses, which allowed us to exceed both our sales and earnings guidance for the first quarter despite the volatile macroeconomic environment and the highly promotional retail market in the U.S.,” said PVH’s Chairman and CEO Emanuel Chirico. 
 
The New York City corporation’s heritage brands, which includes labels such as Warner’s and Speedo, decreased 3 percent to $391 million. PVH attributed the lowered earnings due to a change in shipment schedule and the discontinuation of certain licensing brands.
 
Both Tommy Hilfiger and Calvin Klein have secured high-profile talent for recent campaigns and partnerships. Tommy Hilfiger recently announced it would continue its successful partnership with Gigi Hadid. Calvin Klein, now under the direction of former Dior creative director Raf Simons, signed Paris Jackson as the brand’s new face and released campaigns this year with the likes of Lauren Hutton and the cast of the Oscar-winning Moonlight.   
 
PVH expects revenue for its heritage brands to remain flat for the rest of year. It projects however that Calvin Klein’s revenues will increase 6 percent, while Tommy Hilfiger’s will rise 2 percent, allowing PVH to raise its overall guidance for consolidated revenue to 3 percent from its initial projection of 2 percent.
 

Copyright © 2021 FashionNetwork.com All rights reserved.