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PVH to shutter two Tommy Hilfiger locations after 'phenomenal' quarter

Tonya Garcia

PVH Corp. said it would shutter two Tommy Hilfiger locations, the New York City location on Fifth Avenue and the Miami store on Collins Avenue, during its fourth-quarter earnings call on Thursday. It was one of a series of changes the company announced after the brand's "phenomenal" performance. During the first quarter, the brand's sportswear will expand beyond Macy's Inc. , with product in Bloomingdale's and Nordstrom Inc. . Bloomingdale's is part of the Macy's portfolio. There are also pop-up shops and, after the partnerships with Kith and Vetements, brand collaborations in the pipeline. Calvin Klein has begun to rebound after the restructuring announcement during the previous quarter, according to the report. The company is in discussions with North American partner G-III Apparel Group about a deal in which G-III will take over the Calvin Klein women's jeans business in the region. PVH shares jumped 14.7% in Thursday trading, and have gained nearly 37% in 2019. The S&P 500 index is up 12% for the year so far.