PVH Corp., the owner of the Calvin Klein and Tommy Hilfiger brands, is expecting sales growth to be flat or slightly positive this year, outpacing analysts’ expectations.
Calvin Klein
The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year. It’s more cautious than the view offered by Chief Executive Officer Stefan Larsson in December, when he projected “modest growth” for 2025. Revenue decreased 5% on a constant currency basis in 2024, the company said in a statement.
The shares jumped 14% at 4:16 p.m. in extended trading in New York.
Calvin Klein and Tommy Hilfiger sales were good over the holidays and started the year at a solid pace, but then revenue slowed starting in February, Larsson said in an interview with Bloomberg News.
While sales improved slightly in March, “it’s still a tougher consumer backdrop in North America and then a continued tough backdrop in the China consumer as well,” he said.
US and Canadian consumers are facing inflationary pressure and are reporting lower confidence in their feelings about the future, Larsson added.
In February, PVH was blacklisted by China as part of actions Beijing has taken in the escalating trade war with the US since President Donald Trump took office. China’s Ministry of Commerce in February said that PVH undertook damaging actions against Chinese companies, without elaborating. Chinese authorities said in September that PVH was being investigated for allegedly boycotting cotton sourced from the Xinjiang region.
Shares of PVH have slumped nearly 40% this year, in part due to uncertainty over what actions China might take against the company. Citi analyst Paul Lejuez recently wrote that punishments could include fines, store closures or revoking work permits and denying workers access to the country.
Larsson declined to comment on China’s actions against PVH and said the company would provide additional details during its call with analysts on Tuesday morning. The company has previously said it complies with laws in all countries where it operates.
PVH generated around 6% of revenue in China in fiscal 2023 and around 16% of profit.
PVH sees revenue in its current quarter in the range of flat to down 1% from a year earlier on a constant currency basis — less than the average decline estimated by analysts surveyed by Bloomberg.
The company also said on Monday that it plans to enter into an accelerated share repurchase agreement in April to buy $500 million shares of its common stock this year.
Returning for a sixth consecutive year, both Westfield London and Westfield Stratford City malls become the capital’s leading destination for the annual London Eid Festival.
Europe’s largest Eid al-Fitr celebration, it’s taking place until 6 April at Westfield London, followed by Westfield Stratford City (11-13 April), with the events expected to draw over 300,000 visitors across both weekends – “rivalling the footfall typically seen on Boxing Day at the centres”, operator Unibail-Rodamco-Westfield said.
Organised by Westfield Rise, its in-house media, brand partnerships, and experiential agency, the events span 4.2 million sq ft across indoor and outdoor event spaces. The festival features a mix of live entertainment, immersive brand activations, food markets, and international retailers from Turkey, Malaysia, Dubai, and beyond.
Westfield Square will host a main entertainment stage, showcasing appearances from community celebrities and VIPs. Inside, visitors can explore over 80 international concession stands across The Atrium at Westfield London and The Arena at Westfield Stratford City, offering everything from modest fashion and boutique gifts to children’s books and homeware.
Melanie Lalou, director of Westfield Rise, Northern Europe, said: “The London Eid Festival is a prime example of how Westfield Rise connects brands with communities through immersive activations. Our event spaces host everything from interactive pop-ups to large-scale cultural celebrations, with live entertainment, vibrant food markets, and striking creative displays across our digital OOH network. This festival highlights the power of experiential engagement, bringing brands and diverse audiences together in a meaningful way.”
Fasahion/lifestyle retail group Matalan has launched a 27-piece collection in collaboration with fashion brand Little Mistress and TV personality Vicky Pattison.
She’s only the latest in a series of reality TV show stars to link up with a retailer on a signature collection. She rose to prominence originally on the Geordie Shore show.
We’re told it’s a collection that brings together “the best of on-trend designs with Matalan’s signature commitment to great quality fashion at affordable prices”.
From dresses and tailored jumpsuits to casual blouses and statement skirts, the collection covers a variety of day-to-night styles, “reflecting Pattison’s personal style”. It comes in “bold hot pink, fiery red, and playful florals”.
With prices starting from just £18 and in sizes from 8-22 the collection is now available in-store and online.
Matalan’s buying director, Laura Wiard said: “The collection reflects the latest trends, while ensuring we stay true to Matalan’s mission of providing stylish fashion at accessible prices.”
Mark Ashton, founder and MD at Little Mistress, added: “We’ve worked hard to create a collection that’s not only fashionable and versatile but also accessible for everyone. It’s all about empowering women to feel their best, no matter the occasion. We’re confident that this collection will resonate with customers and help them express their own unique style.”
The June edition of London Fashion Week has long been less of a draw compared to the main seasonal events during the big international fashion months and the latest move from the British Fashion Council has underlined that — it’s been cancelled.
There’s been no official announcement so far, but a quick look at the LFW website shows no dates for June listed.
The BFC will reportedly instead focus on the London Show Rooms Paris event it runs for UK-based brands from 26 June to 1 July, and menswear will be the key category here.
Caroline Rush, the soon-to-be-ex-CEO of the fashion council told Vogue Business that the showroom event will “generate sales and develop [brands’] relationships with international media outside of a show environment, reinforcing our commitment to providing vital commercial opportunities for British designers”.
The Paris showroom event had itself been on hold since the middle of 2023 but was relaunched last September.
The June edition of LFW has long struggled to gain the traction that the main seasonal events enjoy as a matter of course. Originally launched 13 years ago as London Collections: Men before it rebranded as London Fashion Week Men’s, it rode the crest of the wave of interest in men’s-specific runway shows and attracted the big names of British fashion.
But while it became a co-ed event in 2020, the wider move towards co-ed shows meant labels often chose February or September (or even another city) to show their menswear. The pandemic had an impact too, although the June event remained strong up to and including the 2022 edition before declining in 2023.
The switch to a focus on London Show Rooms Paris means those brands seeking a menswear-friendly format at a time when other menswear labels are being shown internationally have a hopefully-welcoming home in the heart of fashion’s premier city.