Turning closer to home, Chirico said the U.S. back-to-school shopping season is off to a strong start and North American same-store sale comparisons are in the high single digits. He also mention a new rollout of the company's Izod brand at J.C. Penney (JCP) as another highlight.
When asked to comment on the partnership with J.C. Penney and the company's turnaround plans, Chirico said Penney's store-within-a-store concept is a great way to showcase PVH's brands and the company clearly has a clear path to where it wants to be. PVH remains supportive of J.C. Penney, he said, which is seeing good performance in the early days of the turnaround.
Chirico also had positive things to say about Macy's (M), another retailer that has helped PVH grow its brands over the past three years. He said Macy's continues to do a fabulous job.
When asked about the specifics of the business, Chirico confirmed that input costs are falling but many have been offset by higher labor costs. He said PVH continues to be happy with its partnership with Warnaco (WRC), which licenses the Calvin Klein brand in certain categories.