PVH Corp., the parent company of iconic fashion brands Tommy Hilfiger and Calvin Klein, has issued a warning about a significant revenue decline in the coming year, describing the guidance as 'very bad'. The company projects a decrease in revenue of 6% to 7%, both in overall terms and on a constant currency basis, compared to 2023. This announcement has led to a notable drop in PVH shares, as executives cite a 'tougher macroeconomic backdrop' as a key factor behind the downturn.