PVH Corp. reports Q3 Calvin Klein North America SSS down 5%
Revenue in the Calvin Klein business for the quarter increased 9% to $891 million compared to the prior year period. Calvin Klein International revenue increased 16% to $389 million compared to the prior year period, including a 7% increase in comparable store sales. Europe and China continued to demonstrate the strongest performance. Calvin Klein North America revenue increased 5% to $502 million compared to the prior year period primarily driven by continued healthy growth in the wholesale business. North America retail revenue was flat compared to the prior year period, as square footage expansion in Company-operated stores was offset by a 5% comparable store sales decline driven by continued weakness in traffic and consumer spending trends in Calvin Klein's U.S. stores located in international tourist locations.