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PVH Corp. (PVH)

  • Oct. 31, 2012, 5:13 AM
    Phillips-Van Heusen (PVH) agrees to acquire Warnaco (WRC) for about $2.9B in cash and stock in a deal that "reunites the House of Calvin Klein." Based on PVH's last closing stock price, the deal is worth $68.43 a share, representing a 34% premium over Warnaco's close on Friday. PVH has also received commitments for $4.33B in financing from Barclays (BCS), BofA (BAC) and Citigroup (C), some of which PVH will use for the merger. (PR)
    | Oct. 31, 2012, 5:13 AM | Comment!
  • Oct. 22, 2012, 1:14 PM
    Retailers want to edge into the holiday shopping season as early as possible this year with most forecasts calling for steady - but not spectacular - spending numbers. Trends to watch: 1) Increased online couponing and promotional activity from fringe players. 2) Managing inventory should be easier with the season starting early and big data initiatives firing up which could help margins. 3) The calendar comes through for retailers with a lush 32-day window between Thanksgiving and Christmas extending the crucial part of the season.
    | Oct. 22, 2012, 1:14 PM | 2 Comments
  • Oct. 22, 2012, 9:46 AM
    Select high-end retail stocks get clipped after VFC Corp. comes in with tepid sales for Q3 and lukewarm guidance. The company's earnings CC sent a bit of a chill through traders about Europe's luxury consumers. Decliners: RL -2.4%, COH -2.7%, PVH -1.2%.
    | Oct. 22, 2012, 9:46 AM | Comment!
  • Oct. 15, 2012, 8:54 AM
    Bain & Co. warns growth in the luxury market will slow to 5% this year with spending in China the biggest area of concern. Just last year, the sector was cruising along at a double-digit growth pace. The influence of Chinese consumers on the global luxury market continues to be dramatic with the nation now accounting for half of all luxury purchases in Asia and close to a third in Europe. On watch: RL, COH, KORS, GUCG.PK, WRC, TIF, LVMHF.PK.
    | Oct. 15, 2012, 8:54 AM | 1 Comment
  • Oct. 11, 2012, 5:40 AM
    Burberry (BURBY.PK) spikes 8.2% in London after the company confirms falling demand for luxury goods in Asia, particularly China, but reports comparable-sales growth of 1% in Q2. While that's well down from 16% last year, it's above Burberry's previous guidance. Last month, a profit warning sent its shares tumbling over 20% and hit its U.S. peers. On watch today are COH, RL, WRC, KORS and TIF. (PR)
    | Oct. 11, 2012, 5:40 AM | Comment!
  • Oct. 4, 2012, 7:57 AM
    The vibe flowing out of September sales reports from retailers is largely positive with big names such as Costo and Limited Brands showing brisk sales, while teen seller Zumiez (ZUMZ) knocked it out of the park with 18.6% growth. Although back-to-school season numbers look to be beating expectations, the best gift for retail investors may be when Q3 reports roll in with companies showing improved margins as clearance sales were avoided and inventory controls clicked.
    | Oct. 4, 2012, 7:57 AM | Comment!
  • Sep. 27, 2012, 12:44 PM
    Young shoppers are the force behind the rapid growth of showrooming with their grasp on how to use mobile devices to find the best deals, according to research by AlixPartners. Naturally, Amazon (AMZN +2.2%) appears to be a beneficiary of the trend, but brick-and-mortar retailers could have a secret weapon. A retail brief published by Aimia suggests that the very same savvy young shoppers who make showrooming a force of habit are also the most loyal reward program participants. The end game: A loyalty program with soft benefits could steal Amazon's thunder.
    | Sep. 27, 2012, 12:44 PM | 2 Comments
  • Sep. 24, 2012, 9:58 AM
    Luxury stocks starts to get a second look after recent earnings reports from Prada and Michael Kors (KORS -1.9%) show that the doom and gloom following a warning from British firm Burberry might not be fully warranted across the sector. Analysts say there could be light at the end of the tunnel for select names as "newness" and "iconic designs" define the winners. On watch: RL, COH, MAGOF.PK, TIF, WRC.
    | Sep. 24, 2012, 9:58 AM | Comment!
  • Sep. 11, 2012, 1:28 PM
    Europe-based analysts see the selloff in Burberry (BURBY.PK -19.0%) as a bit overdone in relation to the actual profit warning issued by the luxury-goods maker. To back their case, they note that a number of other European high-end sellers have been positive in the last weeks including LVMH (MAGOF.PK 0.0%) which backed its H2 forecast. If they're on to something, luxury names on this side of the pond may have sold off a bit harshly off of Burberry-centric news: COH -1.9%, RL -2.9%, WRC -0.7%, KORS -1.9%, TIF -1.3%.
    | Sep. 11, 2012, 1:28 PM | Comment!
  • Sep. 11, 2012, 8:49 AM
    The double whammy of a downgrade on Coach and a biting profit warning from British luxury player Burberry (BURBY.PK)  is cutting a wide swath of selling in the sector. Though some of Burberry's struggles are pegged as "self-afflicted," the company's weakening sales in Europe and China has to be considered alarming for high-end sellers. Premarket: COH -3.4%, RL -2.7%, WRC -0.7%, KORS -1.2%,, TIF -2.5%.
    | Sep. 11, 2012, 8:49 AM | Comment!
  • Aug. 28, 2012, 12:04 PM
    Shares Michael Kors (KORS +5.1%) shoot higher on above-average volume. The retail and design name could be getting a boost from the healthy earnings report and rosy outlook from PVH Corp. (PVH +4.5%) (earnings, CC).
    | Aug. 28, 2012, 12:04 PM | 2 Comments
  • Aug. 28, 2012, 9:10 AM
    Premarket gainers: SBX +33%. MOV +15%. CYBX +9%. PVH +5%. MCP +5%.
    Losers: CPRX -22%.
    | Aug. 28, 2012, 9:10 AM | Comment!
  • Aug. 27, 2012, 8:08 PM
    More on PVH Corp. (PVH): Q2 beats on a per share basis despite flat total sales growth Y/Y. Bottom line margins were boosted by strength in its Calvin Klein and Tommy Hilfiger brands, as well as lower product costs. The company lifted its FY12 guidance, now expecting an EPS of between $6.25 to $6.32. Street estimates are for $6.23 per share. Shares +5.4% AH.
    | Aug. 27, 2012, 8:08 PM | 1 Comment
  • Aug. 27, 2012, 4:19 PM
    Phillips-Van Heusen (PVH): Q2 EPS of $1.25 beats by $0.05. Revenue of $1.33B (flat% Y/Y) in-line. Shares +2.8% AH. (PR)
    | Aug. 27, 2012, 4:19 PM | Comment!
  • Aug. 18, 2012, 9:45 AM
    Yoga wars: Lululemon (LULU) takes to the courtroom to defend its market share, accusing PVH's Calvin Klein brand and G-III Apparel Group (GIII) of infringing on design patents. That's not the only jarring competition Lululemon is seeing with retail heavyweights Gap, Under Armour, and Nike stepping up their fitness/athletic apparel lines in the space. No question LULU is a darling of the shorts, but on the bull side it still has that "it" factor with shoppers and runaway e-commerce sales. As for that light outlook for FQ2, the firm tends to sandbag guidance - beating its own estimates by an average of 30%.
    | Aug. 18, 2012, 9:45 AM | Comment!
  • Aug. 6, 2012, 6:22 PM
    More on Warnaco Group (WRC): Q2 earnings come in mixed, beating on the bottom line but missing on top line results. Net earnings plunged 79% Y/Y, weighed down by debt charges tied to the sale of its Lejaby lingerie brand, plus challenging market conditions - particularly in the U.S. and Europe - and adverse currency impact. The company also cut its full-year outlook, lowering the top end of its EPS to a range of $4 to $4.15 on net revenue of down 2% to flat. Shares -1.5% AH.
    | Aug. 6, 2012, 6:22 PM | Comment!
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Company Description
PVH Corp is an apparel company, which designs and markets branded dress shirts, neckwear, sportswear,jeanswear, intimate apparel, swim productsand, to a lesser extent, footwear and other related products.