Fashion News

Ralph Lauren 2Q net falls 8 pct; sees Sandy effect

Ralph Lauren says reduced wholesale shipments to Europe and a tax cost drove its fiscal second-quarter net income down by 8 percent, and the clothing company trimmed its revenue expectations for the year amid a global economic slowdown.

News Summary: Ralph Lauren's 2Q net income falls

SECOND QUARTER: Ralph Lauren says net income for the three months ended Sept. 29 fell to $213.7 million, or $2.29 per share, from $233.5 million, or $2.46 per share, last year. Analysts expected $2.15 per share.

PVH to buy Warnaco for Calvin Klein control

(Reuters) – PVH Corp will buy rival Warnaco Group Inc for about $2.8 billion in a cash-and-stock deal that will give the company control of the Calvin Klein clothing brand. PVH bought Calvin Klein in 2003 and makes formal and sportswear under that brand, while Warnaco has held the licensing agreements for Calvin Klein jeans […]