Phillips-Van Heusen Corp. profits on Calvin Klein licensing by Barbora Krajickova

Phillips-Van Heusen Corporation climbs up the ladder of the front clothing companies of the world. It is the world's largest shirt company. It owns brands such as Calvin Klein, Van Heusen and licenses other famous brands. This company was founded in 1876 and is based in New York, New York. It engages in design and marketing of branded sportswear, footwear and other related products. It also designs and manufactures branded neckwear, accessories, fragrances, swimwear, jewelry, watches, jeans, swimwear and underwear, but also leather goods and home furnishings, etc. The company operates retail outlet stores in United States. In February 2007, it operated about 700 retail stores under a few names, including Calvin Klein and Calvin Klein Collection. The company's net income rose 20% in the third quarter, as the Calvin Kline licensing business grows. However, the company's fourth quarter decreased and its shares traded down after a few hours. "The New York clothing company recorded net income for the quarter ended Nov. 4 of $60.9 million, or $1.05 a share, compared with $50.8 million, or 89 cents a share, a year earlier. In October, the company reaffirmed its third-quarter earnings guidance of $1.02 to $1.03 a share," said Andrew Edwards in The Wall Street Journal. It is expected, that the income of the company in 2008 will still hold below Wall Street estimates, but, one never knows, and the company can beat all expectations.

related story: http://finance.yahoo.com/q/pr?s=PVH

by Barbora Krajickova for Cantell TV (http://cantell.tv)

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