PVH Corp, which owns Calvin Klein and Tommy Hilfiger among other brands, announced Tuesday that it is closing all of its 162 Heritage Brands stores in North America and cutting 450 jobs across the company. In a statement, the company president Stefan Larsson said that the COVID-19 crisis is "dramatically reshaping" retail and that job cuts and store closings were important for the "long-term health" of the company. The company joins a growing group of retailers to have announced permanent store closings and job cuts over the past few weeks and months.
The Owner Of Calvin Klein And Tommy Hilfiger Is Closing More Than 160 Stores And Cutting 450 Jobs In North America
feedback@businessinsider.com (Reuters), Business Insider
Wed, 07/15/2020 - 2:30am
Topics: stefan larsson covid-19 visit business insider van heusen izod the tommy hilfiger business insidersee japanese muji ussee walmart costco target pvh corp calvin klein tommy hilfiger heritage brands north america us owner closing stores cutting jobs company announced tuesday retail crisis cuts health
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