PVH Corp cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U.S. dollar, sending its shares down 12% after hours.
from Reuters: Business News https://reut.rs/2W2yD9s
Thursday, May 30, 2019
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PVH cuts profit forecast as CEO sees retail softness, shares tank
Government borrowing in August highest since Covid
Higher spending on public services and benefits led to a rise in government borrowing, figures show. from BBC News https://ift.tt/ROndpUX
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