Lower Calvin Klein sales drag down PVH

PVH saw its second-quarter revenue decline by 3% to $2.1 billion (approximately 1.78 billion euros). Calvin Klein was the main factor dragging down the figure, while Tommy Hilfiger remained stable. The fashion group is now confirming its expectation of virtually flat annual revenue.

Regional differences

Calvin Klein posted a 7% decline in revenue, although 4% of that was due to the timing of wholesale shipments in North and South America. At Tommy Hilfiger, revenue remained unchanged.