Calvin KleinRevenue in the Calvin Klein business increased 14% to $317.4 million from $278.5 million in the prior year’s fourth quarter, driven primarily by (i) strong growth in the North American wholesale business; (ii) new store openings and store expansions within the Company’s Calvin Klein outlet retail business; and (iii) a benefit of approximately 2% due to the extra week of revenue. These increases were partially offset by a 2% comparable store sales decline in the Company’s Calvin Klein North American outlet retail business. Calvin Klein royalty revenue increased 5% from continued global growth in women’s sportswear, dresses and handbags, which was partially offset by a decline in royalty revenue due to a reduction in the European bridge apparel and accessories business (relating to the Company’s announcement in the first quarter of 2012 that it would bring the business back in-house) and continued weakness in jeans in the United States and women’s underwear in Europe and the United States.
PVH Corp. Reports 2012 Fourth Quarter And Full Year Results
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