PVH Corp Posts 28 Percent Revenue Growth in 2021



The Calvin Klein and Tommy Hilfiger parent on Tuesday reported that fourth quarter revenue increased 16 percent to $2.4 billion compared to the prior year, led by rising sales at the two brands.

Full year revenue was up 28 percent from 2020 to $9.15 billion, and PVH projects 2022 revenue will increase 2 to 3 percent compared to 2021. While gross margins have expanded since 2019, sales have not yet recovered to pre-pandemic levels. In 2019, PVH Corp. reported a revenue of $9.9 billion.

Chief executive Stefan Larsson said in a statement the company was confident in its ability to drive growth, “despite the significantly increased macroeconomic and geopolitical volatility over the last few months, including the war in Ukraine, the impact of the global pandemic, and the inflationary pressures we see across regions.”

Learn more:

PVH’s Stefan Larsson on Harnessing Creativity to Energise Engagement

The chief executive of the company that owns Calvin Klein and Tommy Hilfiger says creativity will be even more of a differentiator in 2022 as fashion players better align merchandise planning with demand and continue their quest for greater market share.



Credit: Source link

Discover

19,463FansLike
232,230FollowersFollow
74,706FollowersFollow
14,121FollowersFollow
2,920SubscribersSubscribe

Sponsor

spot_imgspot_img

Latest

UK Retail Sales Fall More Than Forecast as Prices Bite

UK retail sales plunged more than forecast in March as the cost-of-living crisis squeezed incomes and consumers braced for higher taxes and energy...

Iconic Rapper-Inspired Sneakers : Coogi Air Max 1

New York-based creative studio Ceeze has partnered with Brooklyn restaurant Elite Williamsburg and D’ussé Cognac to launch a Notorious B.I.G.-inspired Air Max 1...

Zodiac Jewelry to Show Off Your Sign

We’re all guilty of scanning the paper (either online or IRL) to read our horoscopes. Obviously, we all love the fact idea that...

All-In-One Japanese Retail Stores : ebisu

'Ebisu' is a newly-founded Japanese lifestyle retailer operating across the United States. The store first launched in Colorado, and its newest location is...

China’s Q1 GDP Tops Expectations, March Retail Sales Fall

Chinese consumption took a hit last month as Covid-19 curbs began to bite, with retail sales declining for the first time in two...
en English
X