Tommy Hilfiger Maker Sinking After Lower-Than-Expected Earnings And Outlook
Apparently, the American consumer wasn’t terribly interested in buying summer- and sailing-influenced clothes — even those designed by It-Girl Zooey Deschanel. During the blustery months of early 2014: PVH Corp, the parent company of preppy retail brands Tommy Hilfiger, Calvin Klein and Izod, reported lower-than-expected top and bottom line first quarter earnings results Wednesday afternoon, sending the stock for a near-7% plunge in after-hours trading.
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