PVH closes most Calvin Klein, Tommy Hilfiger China stores on virus outbreak By Reuters

© Reuters. PVH closes most Calvin Klein, Tommy Hilfiger China stores on virus outbreak

(Reuters) – PVH Corp (N:) said on Wednesday it had temporarily closed majority of its Calvin Klein and Tommy Hilfiger stores in China due to the coronavirus outbreak.

The company said it would have exceeded its fourth-quarter adjusted earnings forecast of at least $1.79 per share, if not for the epidemic, which has killed over 1,100 people.

About 7% of PVH’s revenue comes from Greater China, while the country accounts for about 20% of the company’ global sourcing.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*