PVH cuts profit forecast as CEO sees retail softness, shares tank
By Nivedita Balu (Reuters) - PVH Corp cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U.S. dollar, sending its shares down 12% after hours. Escalating trade tensions between China and the United States have emerged as a new headache for U.S.
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