Economic Downturn and Consumer Spending Impact: Fluctuations in global economic conditions and consumer confidence can significantly reduce discretionary spending on apparel, impacting sales and profitability.

Shifting Consumer Preferences and Brand Relevance Challenges: Failure to anticipate or respond effectively to rapidly changing fashion trends, consumer preferences, and evolving brand perceptions could lead to decreased demand for products and loss of market share.

Global Supply Chain Disruptions and Cost Volatility: Reliance on a complex global supply chain exposes PVH to risks such as geopolitical events, natural disasters, labor disputes, shipping delays, and increased raw material or logistics costs, which can disrupt production and increase expenses.