PVH Corp recorded both a fourth-quarter and full-year sales uptick in 2019, on the back of strong sales growth at Tommy Hilfiger. Sales of the New York-based company said full-year increased by 3 per cent, or 5 per cent on a constant currency basis, compared to 2018, reaching $9.91 billion for the year ending February 2.
Sales of its brand Tommy Hilfiger rose by 8 per cent increase, or 11 per cent on a constant currency basis, driven by outperformance in Europe and added revenues resulting from the company's acquisition of its Australian distributor, Gazal Corporation, in the second quarter.
International comparable store sales increased 9 per cent, while North America comparable store sales decreased 6 per cent, due to weakness in traffic and consumer spending trends, especially in stores located in international tourist locations.
Calvin Klein, however, witnessed a 2 per cent decrease, or 1 per cent increase on a constant currency basis, compared to the prior year, impacted by foreign currency conversion, and softness in Asia due to the Hong Kong protests, and trade tensions between the U.S. and China. International comparable store sales dipped 1 per cent, while North America comparable sales decreased 2 per cent, due to weakness in traffic and consumer spending trends, especially in stores located in international tourist locations.