6,300 Stores Close As Consumers’ Buying Priorities Change

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162 stores of PVH Corp

Sourcing Journal

Parent company of Calvin Klein and Tommy Hilfiger brands, PVH Corp. announced in July that it will get rid of 450 jobs in North America and permanently close down 162 Heritage Brand stores, as the coronavirus pandemic destroys the apparel industry. Van Heusen and IZOD are both carried by Heritage Brand stores. These layoffs that are affecting 12% of the company’s office workforce will save them $80 million annually.