PVH
INSIDER
A MINUTE
WITH MANNY
CONTENTS
IN THE SPOTLIGHT
2
BRIEFING BOX
3
THE STYLE
4
“Our Company is focused on investing
in our products, operating platforms,
and most importantly, our people.
Over the next year, we will continue
to see PVH invest in these areas, as
well as continue to create an inclusive
environment where each individual
associate can make a difference.”
PVH AROUND THE WORLD 5
LAST CALL
6
JUNE 2015
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THE
ISSUE
On Wednesday, May 27, our global
PVH Community joined together for the
global 2015 State of the Business Call &
Digital Presentation on The Thread.
We came together to hear from Manny Chirico,
Mike Shaffer, Steve Shiffman, Daniel Grieder
and Ken Duane who shared what’s happening
inside our Company, latest global developments
and strategies, financial results and future
goals.
PVHINSIDER | JUNE 2015 | THE STATE OF THE BUSINESS ISSUE
BY THE NUMBERS
• 11,000+ associates participated in the
live Call
• 5,000+ accessed the Call link to date
• 300+ associates shared feedback
• In 24 hours, The Thread generated over
10,000 views
• Recieved 50+ pictures of teams around the
world tuning in
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IN THE SPOTLIGHT
ASKED &
ANSWERED...
Q: How have foreign currency fluctuations impacted our business, both in the
U.S. and internationally? Should we be concerned about closing or downsizing
another brand? (North America, Retail Field)
A: Dana Perlman, SVP Treasurer, Business Development & Investor Relations
One impact we are seeing is fewer tourists come to the U.S. from markets such as Europe and Brazil,
because their currency does not have the same buying power in the U.S. anymore. This has hurt store
traffic and conversion trends in international tourist destinations (outlet centers and big cities), where
tourists often come to visit. Additionally, we might see the tourists that still come to the U.S. shopping less
or spending less money at our stores because their currency does not buy as much. Those are clearly the
negative effects, but one potential bright spot that we might see, is that European and Brazilian consumers
are traveling and shopping more within their home markets, so we potentially could see our local markets
benefit.
Q: Are we moving to a Global Systems platform? (Bridgewater, New Jersey)
A: Eileen Mahoney, Chief Information Officer
Mike Shaffer is leading a team of PVH business executives in reviewing future platforms and direction
for the company. To date, we have implemented a new global finance software system (SAP / HFM) in
Asia, Brazil, Mexico and Europe with North America to go live in 2016, a new e-commerce platform
(Websphere) for Calvin Klein (U.S. and Europe), Tommy (U.S.) and Speedo USA, with other countries
and brands migrating to the platform over the coming years. Our PVH Performs (JDA) suite of planning
tools for demand, supply, financial planning and allocation, as well as a global HR platform (Workday),
is expected to be implemented in 2016 (in all regions except Europe).
Q: Is there any discussion about switching all lights to LED?
(Calvin Klein, New York)
A: Melanie Steiner, Chief Risk Officer
Building out PVH’s environmental sustainability strategy, including assessing what we can do inside
our offices, is a priority for the Corporate Social Responsibility team in partnership with the Facilities
department. A number of offices throughout the global PVH community have already taken initiative to
reduce energy, waste and use of other natural resources. Please reach out to [email protected] with any
other ideas or questions on this topic!
Q: The announcement of PVH’s $5 million multi-year global commitment
to Save The Children is outstanding. However, what will be PVH’s role &
commitment to working with other local non-profits in the U.S. & around the
world? (501 7th Avenue, New York)
A: Guy Vickers, President, The PVH Foundation and SVP, Global Community Relations
PVH will continue with our long-standing tradition and commitment of working at the local level. Organizations such as Safe Horizon, Ronald McDonald House, Autism Speaks, Indonesian Street Children Organization and World Wildlife Fund International are some of the organizations we will continue to support. Additionally, Global Community Relations (GCR) will continue to work with all PVH businesses and
shared services teams to strengthen and support organizations that are meaningful and provide associate
engagement opportunities.
PVHINSIDER | JUNE 2015 | THE STATE OF THE BUSINESS ISSUE
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THE BRIEFING BOX
PVH CORP.
PVH
Q1 EARNINGS
Q1 Earnings: What You Need to Know
2014 Annual Report
Nepal Earthquake Relief
PVH released earnings on June 1, 2015
PVH’s 2014 Annual Report is available on The Thread
PVH associates were invited to donate to Save the Children,
•Revenue: $1.8 billion, a 3% increase over 1Q14
under Our Company > Assets. This report features many
our worldwide philanthropic partner, who is responding to
of your Selfies from the “Get Endorsed” campaign
the Nepal Earthquake crisis through their Nepal Children’s
where you showed how you live these Values every day
Relief Fund. Contributions made to this Relief Fund by June
and drive our business forward.
1ST were matched 100% by PVH.
Calvin Klein Jeans Hosted Music Event in Hong
IFP, Calvin Klein Collection & euphoria Calvin
Calvin Klein Awarded 2015 Grand CLIO Image
Kong
Klein Celebrated Women in Film at the 68th
Award for the “show yours. #mycalvins” Campaign
Calvin Klein Jeans hosted a music event in Hong
Cannes Film Festival
Calvin Klein received the 2015 Grand CLIO Image Award
Kong that featured a surprise performance by global
Calvin Klein Collection and euphoria Calvin Klein held their
in the “Integrated Campaign Mass Product/Service”
superstar and 30-time platinum-selling phenom Justin
fifth annual event with IFP celebrating women in film
category for the “show yours. #mycalvins” social media
Bieber – who played a selection of his hit songs. The
during the 68th Cannes Film Festival. Hosted by Joana
campaign. The award was received by Chief Marketing
event featured a special appearance by American
Vicente, Executive Director of IFP, and Francisco Costa,
Officer, Melisa Goldie, at a ceremony held at the Plaza
model and social media star Kendall Jenner.
the event recognized notable women who have made an
Hotel in New York and hosted by Bravo TV’s Andy Cohen.
on a constant currency basis
•Earnings per share: $1.50, a 20% increase over LY
•To learn more, check out the Q1 Earnings Summary and
Community Presentation
CALVIN KLEIN
TOMMY HILFIGER
impact on film.
Tommy Hilfiger Celebrates 30th Anniversary with
Olivia Palermo & Johannes Huebl As Guest
Tommy Hilfiger Celebrates Paris Store Opening
Exclusive Fashion Show and After Party in Beijing,
Editors For Summer 2015 Sportswear Collections
On March 31, Tommy Hilfiger and special guests
China
Fashion power couple Olivia Palermo & Johannes Huebl
celebrated the opening of the brand’s new Paris anchor
In May, Tommy Hilfiger presented his Fall 2015 fashion
stepped into the role of guest editor for the Tommy
store on Boulevard des Capucines. Following an in-store
show in Beijing, China. The exclusive recreation of
Hilfiger Summer 2015 women’s and men’s collections.
cocktail attended by over 500 guests, a VIP dinner was
the runway show, including looks from the men’s and
Their favorite pieces and exclusive content will be
held at the exclusive new restaurant Les Bains. The store
women’s collections, marks the first time the brand has
featured in select Tommy Hilfiger stores globally, and on
is the brand’s second in the city and is located in the 9th
transported the entire event experience to an international
tommy.com/OliviaJohannes.
arrondissement.
Warner’s No Side Effects TV Commercial
IZOD Tour+ Launches in the U.S.
Speedo USA Signs Olympian Missy Franklin
Premieres Nationwide
IZOD announced the launch of Tour+, a new golf
Speedo USA announced that five-time Olympic
Warner’s introduced women across the U.S. to No Side
apparel line delivering performance and style to the
medalist, holder of two individual world records and
Effects, one of the brand’s latest bra collections, with
serious golfer. IZOD brand ambassador and 2012 U.S.
competitive swimming superstar Missy Franklin has
its first-ever TV commercial! The campaign, which was
Open champion Webb Simpson debuted the line at the
joined Team Speedo, marking her first endorsement
produced in-house earlier this year, was featured in WWD
2015 Masters Tournament. It is now available at select
since turning pro in March 2015. Missy will serve as a
and the three spots will run on National Cable and Direct
Dick’s Sporting Goods and Golf Galaxy stores.
year-round brand ambassador, sharing her love of the
setting.
HERITAGE BRANDS
TV through July.
PVHINSIDER | JUNE 2015 | THE STATE OF THE BUSINESS ISSUE
water to inspire others.
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THE STYLE: SOCIAL MEDIA HIGHLIGHTS
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PVH AROUND THE WORLD
BRIDGEWATER,
NEW JERSEY
THINGS TO KNOW
1. The building was built in 1986 and PVH moved in
1991. The offices cover a combined 240,000 square feet
featuring two buildings connected by a walkway.
2. The building is earthquake-safe and physically shakes
when there is a blast from the rock quarry nearby.
3. The office has a 155 kilowatt solar array on the roof of
the building and the last lighting project cut 72,000 watts
of power.
ffice
PVH O
in
.
Jersey
r, New
wate
Bridge
NEIGHBORHOOD FAVORITE
Chimney Rock Inn
A favorite lunch spot for PVH associates and locals known
for their Loaded Rock Fries and Crust Pizza.
FUN FACTS
77 associates at the office have been with PVH for 25+
years
The new cafeteria installed last year features a frozen
yogurt machine and sushi once a week!
LOCATION
1001 Frontier Road, Bridgewater, NJ 08807
Phone: 908-685-0050
WHAT’S NEW?
A new “state of the art” customer service area streaming
stats across flat screens.
HOW MANY ASSOCIATES?
963 PVH associates
Which office do you want to see next?
Pictured right:
A view of the
office atrium
[email protected]
GLOBAL COMMUNITY RELATIONS
UPDATE
• The Save the Children Child Sponsorship Program is
now available globally
•This month, 11 associates (plus the GCR team!) from the U.S. and Canada
attended a site visit with Save the Children to South Carolina. Check The
Thread next month for a recap and the Stories from the South series
•Manny is now on the Save the Children Board of Directors
•PVH Corp. received a Corporate Award at Save the Children’s Board of
Trustees reception and evening of recognition
PVHINSIDER | JUNE 2015 | THE STATE OF THE BUSINESS ISSUE
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5
LAST CALL
SOB SELFIES!
Celebrating how we made the State of the Business our own in offices around the world.
TAKING CARE OF BUSINESS
CHECK IT OUT...
Manny was honored at the 2015
Ronald McDonald House of New
York Gala. Guests at the event,
including several PVH associates...
... helped to raise $6M in one
evening. Thank you for your
support!
LET US KNOW
Have a story?
Send it to [email protected]
PVHINSIDER
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