PVH Corp. Announces Closing of Izod Retail Division

PVH announced that it will close its Izod retail division, with the closing expected to be completed by the end of fiscal 2015. The closure of the retail business isn't expected to impact the company's growing Izod wholesale business. The Izod retail division currently operates approximately 120 stores. Approximately 20 stores will be converted to formats under Calvin Klein and Tommy Hilfiger nameplates, with the remaining stores to be closed.