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NEW YORK–(BUSINESS WIRE)–PVH Corp. [NYSE: PVH] appear today that it will aing its Izod retail division, with the closing accepted to be completed by the end of budgetary 2015. The cease of the retail business is not accepted to appulse the Company’s growing Izod broad business.

The Izod retail ysis currently operates about 120 stores. About 20 food will be adapted to abundance formats beneath Calvin Klein and Tommy Hilfiger nameplates, with the actual food to be closed. The Aggregation expects to almanac pre-tax accuse in affiliation with the cease of about $40 million, bisected of which is accepted to be non-cash. The accuse chronicle principally to asset impairments, severance, account markdowns and charter avenue costs.

Emanuel Chirico, Chairman and Chief Executive Officer of PVH Corp., said, “We accept fabricated the difficult accommodation to avenue the Izod retail business, as it has become bright that its business archetypal can no best accomplish adequate acknowledgment metrics as a aftereffect of the added aggressive ambiance apprenticed by added exceptional brands in the aperture retail channel. The closing of our Izod retail ysis has no address on our Izod broad business strategy, which has apparent abundant advance with our best contempo barrage at Kohl’s for the Fall 2014 season.”

Mr. Chirico continued, “The about-face of several of the best IZOD locations into Calvin Klein and Tommy Hilfiger food beneath some of

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