High-End Retailer Stocks Drop Following Warning From Calvin Klein Parent PVH

Key TakeawaysA warning from PVH sent ripples throughout the high-end retailing industry, driving down shares of others in the sector as well.PVH gave much lower-than-expected guidance as sales were affected by a weak European market and a slowdown in wholesalers making purchases.Ralph Lauren and V.F. Corporation have also reported lower wholesale demand.Shares of Ralph Lauren, V.F. and Tapestry all fell sharply on Tuesday. Shares of upscale retailers sank after PVH Corp. (PVH) warned that slowing demand in ...