Home / Knowledge / News / Apparel/Garments / PVH Corp online sales jump 47% in Q1 FY20

PVH Corp online sales jump 47% in Q1 FY20

12
Jun '20
Pic: PVH Corp/ Tommy Hilfiger
Pic: PVH Corp/ Tommy Hilfiger
PVH Corp, a global apparel companies, reported 43 per cent decrease in its revenue to $1.2 billion during first quarter (Q1) FY20 ended on May 3, 2020 compared to $2.2 billion in same period prior year. Company’s directly operated digital commerce businesses grew in all regions, with 47 per cent rise globally compared to the prior year period.
 
“While our first quarter results were impacted significantly by the pandemic, we have been able to reopen the majority of our stores in all regions over the last month,” Emanuel Chirico, chairman and chief executive officer at PVH Corp, said in a press release.
 
Our digital commerce businesses continue to experience outsized growth, even as stores reopen.”
 
Company incurred a net loss of $1.0 billion during the reported quarter compared to net income of $81.6 million in Q1 FY19.
 
Gross profit for Q1 FY20 decline to $665.9 million (Q1 FY19: $1.2 billion). Selling, general and administrative expenses were $940.1 million ($1.1 billion).
 
Total sales of Tommy Hilfiger during Q1 FY20 fell to $646.5 million ($1.0 billion). Sales of this segment decreased in North America to $181.3 million ($371.8 million). International sales of segment were $465.2 million ($680.3 million).
 
Total sales of Calvin Klein in Q1 FY20 dropped to $476.6 million ($889.6 million). Calvin Klein sales in North America slipped to $196.1 million ($424.0 million). International sales were $280.5 million ($465.6 million).
 
Heritage Brands sales in Q1 FY20 were $220.9 million ($414.6 million). Wholesale revenues were $199.5 million ($356.4 million). Retail revenues for the segment were $21.4 million ($58.2 million). 

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 15th Jun 2021

Australia, UK agree on broad terms of trade deal

Prime Ministers Scott Morrison and Boris Johnson have agreed in...

Pic: Shutterstock

Textiles | On 15th Jun 2021

Germany passes law on corporate due diligence in rights, environment

The German parliament passed a law last week that warrants large and...

Pic: Azamat Imanaliev / Shutterstock.com

Apparel/Garments | On 15th Jun 2021

Prime Content| Revenue, profits of major garment firms in China rise in Jan-April

Revenue, profits, output, online retail sales and exports of major...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search