About Pvh Corp.

PVH has the buttoned-up look covered. A top global apparel player, it is the world's largest dress shirt and neckwear company. PVH owns and globally markets lifestyle brands Calvin Klein and Tommy Hilfiger. Its closet also overflows with clothing, accessories, and footwear for men, women, and children. PVH owns Heritage Brands, which include Van Heusen, IZOD, ARROW, and Bass.  Private-label and licensed brands, such as DKNY, Kenneth Cole New York, and MICHAEL Michael Kors, round out its wardrobe. PVH generates sales from multiple channels: more than 1,500 company-operated retail stores, retailers, licensees, franchisees, distributors who resell, and royalty and advertising fees.

Geographic Reach

The company sells products in the US, Canada, Europe, Asia, Mexico, and Brazil. Its US business contributed more than 50% of sales in fiscal 2015.

Operations

PVH organizes its business into three main areas. Generating more than half of PVH's revenue, Tommy Hilfiger consists of North America and International segments. Calvin Klein consists of the Calvin Klein Licensing and Other (Calvin Klein Apparel) segments, comprising Calvin Klein dress furnishings, sportswear, and outlet retail divisions in North America. Finally, Heritage Brands consists of the Heritage Brand Dress Furnishings (men's dress shirts and neckwear), Wholesale Sportswear, and Retail segments.

In addition to the more than 1,900 retail stores that it operates, PVH maintains wholesale and retail warehousing and distribution centers in the US, Canada, Japan, and the Netherlands that inspect, sort, pack, and ship goods to customers.

Sales and Marketing

PVH's Calvin Klein, Tommy Hilfiger, and Heritage Brands businesses all distribute products through multiple channels, including retail, wholesale, and licensing to third parties. Within the retail channel, each business has its own network of company-operated stores (those in the US and Canada tend to be located in outlet malls), specialty stores, and company-operated e-commerce sites. On the wholesale side, Calvin Klein and Tommy Hilfiger products are sold to distributors for resale, stores operated by licensees and franchisees, and department stores like Macy's (PVH's top customer) and Dillard's. Tommy Hilfiger products are also sold through joint ventures in such emerging markets as Brazil, China, and India.

Heritage Brands products are distributed wholesale to the likes of Bon-Ton StoresJ. C. Penney, Kohl's, and Sears. Each of the Calvin Klein, Tommy Hilfiger, and Heritage Brands businesses have a number of licensing partners domestically and abroad, who have the right to manufacture and wholesale specified products under one or more brands or are granted the right to open retail stores under the licensed brand name.

PVH targets the marketing of its brands at distinct consumer demographics. The company advertises its brands through digital media (including its e-commerce and social media sites), national print media, television, outdoor signage, special events, promotions, and store locations. It also advertises through product tie-ins and sport sponsorships (Calvin Klein/basketball, Van Heusen/football, and IZOD/golf). The Tommy Hilfiger marketing team also coordinates appearances by the designer himself, Tommy Hilfiger, at runway shows, special events, and flagship store openings.

Financial Performance

The company claimed $8.2 billion in revenue for fiscal 2015. That was just a slight increase compared to the $8.1 billion PVH brought in during the previous fiscal period. The company's net income also increased in fiscal 2015 compared to fiscal 2014. PVH reported net income of $439 million in fiscal 2015, up more than $295 million from the prior year.

The company's cash flow increased by more than $377 million during fiscal 2015 (compared to 2014 levels) and PVH ended the year with $789.1 million in cash on hand.

Strategy

PVH's strength lies in the fact that it maintains a strong, diversified brand portfolio that is growing through acquisitions and supported by a model that offers multiple brands and product types globally at different price points and across a range of distribution channels -- from retail to licensing -- allowing PVH to reach a broad range of consumers in various geographic regions thus reducing reliance on any one demographic.

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Pvh Corp.

200 Madison Ave
New York, NY 10016-3913
Phone: 1 (212) 381-3500
Fax: 1 (212) 381-3950

Stats

  • Employer Type: Public
  • Stock Symbol: PVH
  • Stock Exchange: NYSE
  • Chairman and CEO: Emanuel Chirico
  • Vice Chairman and Executive Chairman, Tommy Hilfiger: Fred Gehring
  • EVP, Chief Operating and Financial Officer: Michael A. Shaffer

Major Office Locations

  • New York, NY
  • Saint Paul, MN

Other Locations

  • Foley, AL
  • Leeds, AL
  • Ozark, AL
  • Brinkley, AR
  • Anthem, AZ
  • Glendale, AZ
  • Sedona, AZ
  • Tempe, AZ
  • Alpine, CA
  • Barstow, CA
  • Cabazon, CA
  • Camarillo, CA
  • Carlsbad, CA
  • Commerce, CA
  • Costa Mesa, CA
  • El Centro, CA
  • Folsom, CA
  • Gilroy, CA
  • Irwindale, CA
  • Lake Arrowhead, CA
  • Lake Elsinore, CA
  • Livermore, CA
  • Los Angeles, CA
  • Mammoth Lakes, CA
  • Milpitas, CA
  • Napa, CA
  • Ontario, CA
  • Orange, CA
  • Pacific Grove, CA
  • Petaluma, CA
  • Pismo Beach, CA
  • San Ysidro, CA
  • Tulare, CA
  • Vacaville, CA
  • Castle Rock, CO
  • Lakewood, CO
  • Loveland, CO
  • Silverthorne, CO
  • Clinton, CT
  • Mystic, CT
  • Washington, DC
  • Rehoboth Beach, DE
  • Destin, FL
  • Ellenton, FL
  • Estero, FL
  • Florida City, FL
  • Fort Myers, FL
  • Lady Lake, FL
  • Lakeland, FL
  • Miami, FL
  • Miami Beach, FL
  • Miramar Beach, FL
  • Naples, FL
  • Orlando, FL
  • Saint Augustine, FL
  • Sunrise, FL
  • The Villages, FL
  • Vero Beach, FL
  • West Palm Beach, FL
  • Calhoun, GA
  • Commerce, GA
  • Dawsonville, GA
  • Duluth, GA
  • Locust Grove, GA
  • Mcdonough, GA
  • Waipahu, HI
  • West Des Moines, IA
  • Williamsburg, IA
  • Aurora, IL
  • Gurnee, IL
  • Huntley, IL
  • Tuscola, IL
  • Edinburgh, IN
  • Fremont, IN
  • Michigan City, IN
  • Dry Ridge, KY
  • Gonzales, LA
  • Chatham, MA
  • Lee, MA
  • Wrentham, MA
  • Bethesda, MD
  • Hagerstown, MD
  • Hanover, MD
  • Ocean City, MD
  • Perryville, MD
  • Queenstown, MD
  • Freeport, ME
  • Kittery, ME
  • Auburn Hills, MI
  • Birch Run, MI
  • Dearborn, MI
  • Holland, MI
  • Howell, MI
  • Albertville, MN
  • Medford, MN
  • North Branch, MN
  • Branson, MO
  • Chesterfield, MO
  • Osage Beach, MO
  • Gulfport, MS
  • Robinsonville, MS
  • Vicksburg, MS
  • Concord, NC
  • Jonesville, NC
  • Mebane, NC
  • Nags Head, NC
  • Smithfield, NC
  • Merrimack, NH
  • Tilton, NH
  • Atlantic City, NJ
  • Bridgewater, NJ
  • Elizabeth, NJ
  • Flemington, NJ
  • Green Brook, NJ
  • Jackson, NJ
  • Lafayette, NJ
  • Paramus, NJ
  • Secaucus, NJ
  • Short Hills, NJ
  • Tinton Falls, NJ
  • Santa Fe, NM
  • Jean, NV
  • Las Vegas, NV
  • Laughlin, NV
  • Bellport, NY
  • Brooklyn, NY
  • Carle Place, NY
  • Central Valley, NY
  • Corning, NY
  • Deer Park, NY
  • Fishkill, NY
  • Lake George, NY
  • New Windsor, NY
  • Niagara Falls, NY
  • Riverhead, NY
  • Stony Brook, NY
  • Waterloo, NY
  • White Plains, NY
  • Aurora, OH
  • Burbank, OH
  • Jeffersonville, OH
  • Monroe, OH
  • Oklahoma City, OK
  • Bend, OR
  • Lincoln City, OR
  • Seaside, OR
  • Troutdale, OR
  • Woodburn, OR
  • Bethlehem, PA
  • Gettysburg, PA
  • Grove City, PA
  • Hershey, PA
  • Mercer, PA
  • Philadelphia, PA
  • Pottstown, PA
  • Reading, PA
  • Tannersville, PA
  • Bluffton, SC
  • Gaffney, SC
  • Myrtle Beach, SC
  • North Charleston, SC
  • Chattanooga, TN
  • Knoxville, TN
  • Lebanon, TN
  • Nashville, TN
  • Sevierville, TN
  • Allen, TX
  • Canutillo, TX
  • Conroe, TX
  • Cypress, TX
  • Dallas, TX
  • El Paso, TX
  • Grapevine, TX
  • Katy, TX
  • Mercedes, TX
  • Round Rock, TX
  • San Marcos, TX
  • Sealy, TX
  • Terrell, TX
  • Park City, UT
  • St George, UT
  • Leesburg, VA
  • Williamsburg, VA
  • Woodbridge, VA
  • Essex Junction, VT
  • Auburn, WA
  • Burlington, WA
  • Centralia, WA
  • North Bend, WA
  • Quil Ceda Village, WA
  • Johnson Creek, WI
  • Kenosha, WI
  • Oshkosh, WI
  • Pleasant Prairie, WI
  • Sutton, WV
  • Concord, Canada
  • Edmonton, Canada
  • Etobicoke, Canada
  • Gatineau, Canada
  • Montréal, Canada
  • Oakville, Canada
  • Pickering, Canada
  • Saint-Laurent, Canada
  • Surrey, Canada
  • Thornhill, Canada
  • Toronto, Canada
  • Vancouver, Canada
  • Cagnes Sur Mer, France
  • Coquelles, France
  • Nailloux, France
  • Paris, France
  • Pont Ste Marie, France
  • Roppenheim, France
  • Roubaix, France
  • Serris, France
  • Kowloon Bay, Hong Kong
  • Agira, Italy
  • Fidenza, Italy
  • Milano, Italy
  • Trento, Italy
  • Taipei City, Taiwan
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