Calvin Klein, Tommy Hilfiger Owner May 'Pack and Hold' Inventory Until Next Spring
It makes very little sense to fill closed stores with inventory. That's why PVH Corp. (NYSE: PVH), the parent company of Calvin Klein and Tommy Hilfiger, says it may "pack and hold" some of its spring and summer inventory.
The move would allow the clothing manufacturer to be able to sell its merchandise at full price (or close to it), CEO Emanuel Chirico said during his company's fourth-quarter earnings call.
PVH may hold onto some of its inventory for a year. Image source: PVH.
Source Fool.com
