The brisk headwinds confronting PVH Corp.’s heritage brands business in the U.S. and its licensed Calvin Klein European business with Warnaco Group Inc. are expected to calm considerably by 2013.
In a wide-ranging conference call Thursday that touched on the company’s relationships with major accounts, including J.C. Penney Co. Inc. and Macy’s Inc., as well as Warnaco, the largest licensee for its Calvin Klein brand, Emanuel Chirico, PVH’s chairman and chief executive officer, said he expected “dramatic improvement” in the heritage business during the second half of the current year.
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