The retailer fell short on both top and bottom line results last quarter. But executives say it’s only temporary.
The retailer is slowly reopening its store fleet.
The retailer is slowly reopening stores around the world, but says sales volumes are only at about 70 percent compared with the same time last year.
Bratspies will begin his tenure at the helm of the innerwear brand this August.
The specialty jeweler lost more than $291 million during the coronavirus shutdown.
Parent company L Brands files for credit protection in the U.K., a move that will impact the lingerie business’ 25 U.K. stores.
PVH took part Thursday in the National Day of Mourning, which coincides with the memorial service of George Floyd.
With the majority of stores closed last quarter because of the coronavirus, the retailer and apparel supplier lost more than $39 million.
The retailer adapts amid the coronavirus, more than two months of national lockdown and racial tensions escalating throughout the country.
Strong online sales at Aerie helped bolster the retailer during the quarter, but it wasn’t enough to offset losses.
The raw nerve touched by the death of George Floyd needs to shock fashion into action to take on racism, experts say.
The additional features are meant to help small and medium-sized businesses compete with larger retailers amid the coronavirus pandemic.
Instead, the luxury retailer emphasized the markets around the globe where it continues to grow.
The fashion house hopes to have the majority of its retail fleet open by July.
The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.