PVH, owner of Calvin Klein and Tommy Hilfiger, and German retailer Tchibo, have signed up.
Indeed, PVH impressed Wall Street yesterday with a stylish report on second-quarter earnings.
FORBES: Sew Up Profits With PVH Corp.: Stock Could Reach $122 Or Higher
This makes PVH quite fetching: the multiples are below the market average and near the growth rate.
FORBES: Sew Up Profits With PVH Corp.: Stock Could Reach $122 Or Higher
Lower product costs should also help PVH in the coming months, says Deutsche Bank analyst Dave Weiner.
FORBES: Sew Up Profits With PVH Corp.: Stock Could Reach $122 Or Higher
Notably missing from the pact are U.S. firms, with two exceptions: PVH Corp.
So far, only two big brand retailers have signed up: PVH Corp.
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Fossil, a seller of high-end watches, handbags and belts, competes with other luxury goods companies like Ralph Lauren, PVH Corp.
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As of late Wednesday, only two U.S. companies have signed: PVH Corp.
Kors has outperformed nearly all other luxury companies in that time, businesses like Ralph Lauren, Coach, Tiffany and PVH Corp.
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Think of PVH as a way to spruce up your portfolio.
FORBES: Sew Up Profits With PVH Corp.: Stock Could Reach $122 Or Higher
Winners include Pinnacle Entertainment and PVH Corp, which both jumped more than 21% after they announced their acquisitions of Ameristar Casinos and Warnaco Group, respectively.
This better-than-expected quarter led PVH to raise its full-year guidance.
FORBES: Sew Up Profits With PVH Corp.: Stock Could Reach $122 Or Higher
We may have a more favorable view of PVH once all of those shares are absorbed, but as of right now we think there are much more appealing value stocks available.
FORBES: Can't Squeeze Another Penny Of Value Into Those Calvins
So far, U.S. company PVH, owner of Calvin Klein and Tommy Hilfiger, and German retailer Tchibo have signed up to the program, but it needs a critical mass of brand support to be implemented.
Among the largest underlying components of IJK, in trading today HollyFrontier Corp. ( NYSE: HFC) is up about 1.1%, AMETEK, Inc. ( NYSE: AME) is off about 0.8%, and PVH Corp ( NYSE: PVH) is up by about 0.2%.
Among the largest underlying components of IJK, in trading today HollyFrontier Corp. ( NYSE: HFC) is off about 1.6%, AMETEK, Inc. ( NYSE: AME) is up about 0.6%, and PVH Corp ( NYSE: PVH) is up by about 0.8%.
For the quarter ahead, PVH management expects 50 to 52 cents per share (again excluding nonrecurring costs), and they said weaker seasonal business trends and higher base share count is expected to impact earnings by 12 cents per share.
FORBES: Can't Squeeze Another Penny Of Value Into Those Calvins
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For example, even though pvh first thought it could sell Calvin Klein men's sportswear at 700 to 800 U.S. department store locations with in-store space of 1, 500 square feet, it cautiously launched in just 150 stores, with only 500 square feet each. (Today the line is in 500 stores, averaging 750 square feet.) "As the business rolled out, we ramped up to the appropriate size, " says Emanuel Chirico, who was named chief executive last February.
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