PVH Corp downgraded at J.P. Morgan on margin pressures
Boss also lowered his FY gross margin to 58.8%, representing a 70-basis point decline year-over-year, attributed to headwinds associated with the G-III ( GIII) license transition back to PVH’s ( NYSE: PVH) control, regional/channel mix shift, and exposure to currency exchange rates given that PVH ( PVH) operates as an international company.