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PVH Lays Off 12% of Staff, Will Close All Heritage Brands Stores by 2021

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

PVH is downsizing its North American retail operations amid struggles accelerated by the COVID-19 pandemic, which forced a $1.1 billion net loss in the first quarter and drove total sales down 43 percent. The parent company of Tommy Hilfiger and Calvin Klein is exiting its 162-store Heritage Brands outlet business and laying off approximately 450…

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