Steve Shiffman, Chief Executive Officer of Calvin Klein, Inc., a wholly
owned subsidiary of PVH Corp. has unveiled a series of strategic changes to
the company in response to, what the company has called, rapidly evolving
fashion and retail landscape. As a part of the strategy, Calvin Kleins
the 654 Madison Avenue store will be closing in spring 2019. Meanwhile PVH
expects to incur pre-tax costs of approximately 120 million dollars over
the next 12 months in connection with the Calvin Klein restructuring,
including as a result of the closure of its flagship store on Madison
Avenue in New York.
Our industry is witnessing a historic transformation in consumer
behaviour which presents a significant growth opportunity as we look to
grow the…
Read the full article at: https://fashionunited.uk/news/business/pvh-raises-profit-outlook-unveils-restructuring-plan-for-calvin-klein/2019011140941