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4-Traders Homepage  >  Equities  >  Nyse  >  PVH Corp    PVH

Delayed Quote. Delayed  - 09/28 08:37:51 pm
106.52 USD   +0.14%
09/27 PVH : Van Heusen Introduces Adaptive Clothing Solution in Major Reta..
09/20 PVH CORP. : Directs $1 Million of Its Save the Children Commitment t..
08/29 PVH CORP. : Publishes 2015 Corporate Responsibility Report
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PVH : Van Heusen Introduces Adaptive Clothing Solution in Major Retailers Utilizing Hidden Magnetic Closures

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09/27/2016 | 11:09pm CEST

PVH Corp. [NYSE:PVH], the owner of the Van Heusen brand, today announced the launch of the Van Heusen men’s dress shirt designed with MagnaClickTM adaptive technology from MagnaReady LLC that eliminates traditional buttons. Shirts will be available this fall at select retailers, including Belk, JCPenney and Kohl’s, both in stores and online, as well as on Amazon.com. This marks the first time these major retailers will carry adaptive clothing in stores.

Hidden inside the front placket and cuffs of the dress shirt are powerful magnets that connect together to ensure a secure closure leveraging stress free technology by MagnaReady LLC. Decorative buttons grace the shirt where functioning buttons would ordinarily appear for an authentic, crisp professional appearance. The high quality dress shirts are wrinkle free, stain resistant and designed with barrel cuffs.

“We are extremely proud to launch the Van Heusen dress shirt featuring MagnaClickTM technology,” said David Sirkin, President, The Dress Furnishings Group at PVH Corp. “We believe this is a game-changing product that offers a stylish, high quality solution for consumers with limited dexterity or those seeking an alternative to buttons.”

“I am overjoyed to know that our technology will provide an adaptive solution for so many people thanks to our partnership with PVH for Van Heusen dress shirts,” said Maura Horton, CEO of MagnaReady LLC. “This is truly a major milestone for retailers to carry adaptive clothing at national chains and help this underserved market.”

About PVH Corp.

With a history going back over 130 years, PVH has excelled at growing brands and businesses with rich American heritages, becoming one of the largest apparel companies in the world. We have over 30,000 associates operating in over 40 countries and over $8 billion in annual revenues. We own the iconic Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Speedo*, Warner’s and Olga brands and market a variety of goods under these and other nationally and internationally known owned and licensed brands.

*The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International, Limited.


© Business Wire 2016
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Financials ($)
Sales 2017 8 206 M
EBIT 2017 793 M
Net income 2017 553 M
Debt 2017 2 462 M
Yield 2017 0,16%
P/E ratio 2017 16,08
P/E ratio 2018 14,33
EV / Sales 2017 1,34x
EV / Sales 2018 1,26x
Capitalization 8 534 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 118 $
Spread / Average Target 11%
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Managers
NameTitle
Emanuel Chirico Chairman & Chief Executive Officer
Michael A. Shaffer Chief Operating & Financial Officer, Executive VP
Eileen Mahoney Chief Information Officer & Executive VP
Joseph B. Fuller Independent Director
Henry J. Nasella Independent Director
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