PVH Corp
PVH Corp. is a U.S.-based apparel company built around owned brands Calvin Klein and TOMMY HILFIGER, alongside a Heritage Brands portfolio that includes licensed and legacy menswear labels. Its business spans design, sourcing, marketing, wholesale distribution, digital commerce, retail stores, and brand licensing across North America, Europe, and other international markets.
Tilikausi 2026 · muutos edellisvuodesta
Kehitys 2021–2026
Liiketoiminta
Osuus liikevaihdostaOwned lifestyle brand covering underwear, apparel, and related products.
Owned global apparel and lifestyle brand sold through wholesale and retail channels.
Menswear and underwear products sold under licensed and legacy brand names.
Brand licensing income from third parties using PVH-owned or licensed brands.
Retail stores, e-commerce, and wholesale distribution services supporting brand sales.
Tuotteet
Raportoitu · osuus liikevaihdosta- Products94,8 %
- Royalty4,2 %
- Advertisingand Other Sales Net1,0 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
PVH sells to wholesale accounts such as department stores, chain stores, specialty retailers, warehouse clubs, mass-market retailers, off-price retailers, and pure-play digital commerce retailers. It also sells directly to consumers through owned retail and digital channels, with demand driven by brand preference, product relevance, and fashion positioning.
Department, chain, specialty, off-price, warehouse club, and mass-market retailers buying branded apparel and underwear for resale.
Consumers buying through PVH stores and e-commerce for brand-led apparel, underwear, and lifestyle products.
Pure-play online retailers and omnichannel partners that buy branded merchandise for online resale.
Partners that manufacture, distribute, or sell PVH-branded products in specific markets and categories.
Strategia
PVH’s strategy centers on strengthening Calvin Klein and TOMMY HILFIGER as global lifestyle brands through product, marketing, and channel execution. The company also emphasizes supply-chain, distribution, and brand-building capabilities that support wholesale, digital, and direct-to-consumer growth across markets.
Core products drive brand relevance, repeat demand, and pricing power.
Digital engagement helps build brand heat and convert consumer attention into sales.
Wholesale, retail, and e-commerce each serve different demand patterns and margin profiles.
Brand reputation is the main economic asset behind licensing and apparel demand.
Maantiede
2026PVH is anchored in the United States but sells across North America, Europe, and selected international markets through wholesale, retail, and licensing channels. Its main warehousing and distribution centers are located in the United States, the Netherlands, Canada, China, Japan, South Korea, Brazil, and Australia, reflecting a globally distributed supply and fulfillment network.
Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.
Riskit
PVH faces brand, channel, and supply-chain risks typical of global apparel companies, with heavy dependence on third-party manufacturers and large wholesale customers. The company also has specific exposure to China-related regulatory actions, reputational damage, and impairment risk tied to its large intangible asset base.
- China regulatory restrictions and UEL statusVaikutus: KorkeaTodennäköisyys: Kohtalainen
MOFCOM action could lead to fines or limits on doing business in China.
Kohdistuu - Third-party manufacturing and logistics disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen
PVH relies on external manufacturers for all products, so delays or quality issues can hit sales.
Kohdistuu: Global sourcing and fulfillment
- Brand and reputational damageVaikutus: KorkeaTodennäköisyys: Kohtalainen
Calvin Klein and TOMMY HILFIGER depend on consumer perception and cultural relevance.
Kohdistuu - Goodwill and intangible asset impairmentVaikutus: KorkeaTodennäköisyys: Kohtalainen
A large portion of assets is tied to brand and goodwill values that can be written down.
Kohdistuu: Brand valuations and future cash flow assumptions
- Wholesale customer concentration and order volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Large customers buy order-by-order and can reduce purchases or shelf space quickly.
Kohdistuu
Kirjanpito
Harkinnanvaraiset erätPVH carries large goodwill and brand intangibles that can be written down if cash flows weaken.
Vaikutus: Can create large noncash charges and reduce reported equity
Wholesale and retail channels peak in different quarters, affecting revenue and inventory timing.
Vaikutus: Quarterly results are not directly comparable
Joint ventures in Mexico, India, Brazil, and legwear contribute through equity income, not consolidated revenue.
Vaikutus: Affects below-operating-line earnings and segment interpretation
Retail stores and distribution facilities create right-of-use assets and lease liabilities.
Vaikutus: Influences leverage, operating expense, and asset base
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
V.F. Corporation
VFC · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
V.F.
Vince Holding Corp
VNCE · Retail-Apparel & Accessory Stores
Movado Group Inc
MOV · Watches, Clocks, Clockwork Operated Devices/Parts
Movado Group designs, sources, markets and distributes watches, jewelry and accessories under a mix of owned and licensed brands.
KOHLS Corp
KSS · Retail-Department Stores
Kohl’s is a U.S.
QVC Inc
QVCG · Retail-Catalog & Mail-Order Houses
Playboy, Inc.
PLBY · Retail-Miscellaneous Retail
Päivitetty: 24.9.2026