The top Calvin Klein competitors are Ralph Lauren, Armani, Chanel, Versace, Gucci, Tommy Hilfiger, Hugo Boss and others. Calvin Klein is an American fashion and luxury goods company. The company was established during the year 1968 and is headquartered in New York, United States. The company focuses on the production of various products like leather, lifestyle accessories, home furnishings, perfumes, jewelry, and ready-to-wear apparel.
As one of the most recognizable names in fashion, Calvin Klein has an estimated net worth of $700 million as of 2023
Calvin Klein is a popular brand for casual outfits. The company has two main business operations. The operation that takes care of production and sale for men and women apparel is the Calvin Klein Apparel. The operation that takes care of licensing is the Calvin Klein Licensing.
Through this article, let us discuss the Calvin Klein competitors.
Table of Contents
Top Calvin Klein competitors
1) Ralph Lauren
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1967
- Founder: Ralph Lauren
- Headquarters: New York City, New York, United States
- Area served: Worldwide
- Current CEO: Patrice Louvet
- Revenue: $1.497B (June 30, 2023)
- Market cap: $7.63B (September 08, 2023)
- Number of employees: 23,300 (2023)
Ralph Lauren is an American fashion and retail industry that was formed during the year 1967 and is headquartered in New York, United States. The company produces mid-range products to luxury fashion products. This brand is known for various products like luxury clothing, footwear, fragrances, housewares, furniture, and jewelry.
Their products are sold in multiple brands like Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, and many more. They have products for men and women of all age groups. Ralph Lauren produces unique and comfortable designs to make them visible in the fashion industry. Their products are accessible through many channels and have about 490 stores across the world. Unlike the other fashion trends that come and goes in a short span of time, Ralph Lauren’s polo neck T-shirts is a design that was a great hit due to its design and also its comfort.
Ralph Lauren net income for the quarter ending June 30, 2023 was $0.132B. Ralph Lauren gross profit for the quarter ending June 30, 2023 was $1.032B.Ralph Lauren operating income for the quarter ending June 30, 2023 was $0.166B. Today, the Ralph Lauren Group manages a total of 17 fashion brands and 4 lifestyle brands across 493 directly operated stores in 30 countries.
The innovation in marketing has been a continuous effort and also a reason for its visibility. Their marketing campaigns are unique and some of them have the use of 4D digital projection technology. It is a most widely used brand and because of this, it is a top Calvin Klein competitor.
2) Armani
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1975
- Founder: Giorgio Armani
- Headquarters: Milan, Italy
- Area served: Worldwide
- Current CEO: Sidney Toledano
- Revenue: 2.35 billion (2022)
- Brand Value: 13 billion U.S. dollars (2022)
Also a top Calvin Klein competitor, Armani is an Italian luxury fashion industry that was founded by Giorgio Armani. It was established during the year 1975 and is headquartered in Milan, Italy. The company designs, produces, distributes, and retails various products and also focuses on offering quality and classy global apparel.
This brand is considered a top brand in the fashion industry and is a sign of status. Armani is famous for their hand stitched designs in clothing. The company has good quality designers who design Armani products with great care to produce unique and quality designs.
The Armani Group is one of the leading fashion and luxury goods groups in the world today with 4,600 direct employees and 13 factories. The Group’s exclusive retail network currently comprises: 500 stores world wide, 81 Giorgio Armani boutiques, 17 Armani Collezioni stores, 171 Emporio Armani stores, 165 A/X Armani Exchange stores, 16 AJArmani Jeans stores, 6 Armani Junior stores, 1 Giorgio Armani Accessori store and 33 Armani Casa stores in 46 countries.
The Armani Group closes 2022 with consolidated revenues of 2.35 billion euros. In 2022 the Armani Group achieved a pre-tax net profit of 218 million euros.
The complete look of the product is very beautiful and exclusive that is adored and owned by many people. The company would not have flourished if there would not have been a good marketing strategy. Armani has a good innovative marketing strategy and has a strong association with various celebrities as well.
3) Chanel
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1910
- Founder: Gabrielle “Coco” Chanel
- Headquarters: Paris, France
- Area served: Worldwide
- Current CEO: Alain Wertheimer
- Revenue: $17.2 billion (2022)
- Number of employees: 32,000 (2022)
- Brand value: 15.3 billion (2022)
Yet another Calvin Klein competitor, Chanel is a private fashion company that was formed during the year 1909 and is headquartered in London, United Kingdom. Chanel is a high fashion house that specializes only in women’s ready-to-wear clothes, fashion accessories, haute couture, and luxury goods. It is a well-established brand and everyone is aware of its existence.
Currently, it has a brand value of about $15.3 billion. This brand is famous for its functional and comfortable styles that have a perfect style. Their major part of the collection is classic and timeless design. The company is famous for its luxury brand across the world and their signature perfume.
The Operating profit of $5,776 million was generated in 2022. The total number of employees working at Chanel in 2022 was 32,000. Chanel’s worldwide brand value amounted to approximately 15.3 billion U.S. dollars.
Chanel’s products are sold across the globe in many countries like Asia, America, Middle East, and Oceania. Their products are sold in about 120 boutiques, through various department stores, and also online.
4) Versace
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1978
- Founder: Gianni Versace
- Headquarters: Milan, Italy
- Area served: Worldwide
- Current CEO: Donatella Versace
- Revenue: 1.1 billion U.S. dollars (2023)
A popular Italian fashion company, Versace was established in the year 1978 and is headquartered in Milan, Italy. The company designs products and sells many lifestyles and fashion products like apparel, eyewear, home furnishings, watches, and many more. The company mainly focuses on ready-to-wear apparel and fashionable accessories.
Versace distributes their products at the global level. It has maintained 200 boutiques to sell their products along with 1500 high-class department stores. It also provides online support for the customers to purchase products and to customize their designs. Versace has products for all ages and gender and across multiple segments.
In 2023, Versace and Dua Lipa collaborated together to produce a women’s collection called ‘La Vacanza’ which includes beachwear-inspired designs.
At the earlier years of its formation, Versace developed many fashion products for adults that contain formal and party wear apparel. Gradually they expanded their business to produce relevant products for the younger generation also. It produces products in various segments and it is a sophisticated brand, is a top Calvin Klein competitors.
5) Gucci
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1921
- Founder: Guccio Gucci
- Headquarters: Florence, Italy
- Area served: Worldwide
- Current CEO: Marco Bizzarri
- Revenue: €10,135 million (H1, 2023)
- Brand Value: $17.8 billion
Also a top Calvin Klein competitor, Gucci is an Italian fashion industry that was established during the year 1921. Gucci is headquartered in Florence, Italy. Gucci focuses on fashion and leather goods by having its business operations in about 278 stores across the globe.
Gucci sells their products through many channels like franchise stores, higher-end department stores, and online. It is a multi-branded organization that has great visibility in the international market. Gucci has always been updated in the fashion world and every care is taken by their designers to always meet the current fashion trend of the market. The company has a strong value chain with many suppliers and retailers and has a good visibility among people.
Net income attributable to the Group was €1.8 billion in the first half of 2023. Gucci’s recurring operating income totaled €1.8 billion in the first half of 2023. Gucci had a total of 528 stores in operation around the world as of December 31, 2022.
It has a strong association with various automobile companies like General Motors, Ford, and Fiat that adds to its brand value. It has excellent marketing and advertising strategies that have brought Gucci to the top of the fashion brand and also to be a top Calvin Klein competitor.
6) Tommy Hilfiger
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1985
- Founder: Tommy Hilfiger
- Headquarters: Amsterdam, Netherlands
- Area served: Worldwide
- Current CEO: Daniel Grieder
A top American fashion industry, Tommy Hilfiger is headquartered in New York, United States and was formed in 1985. Tommy Hilfiger designs and produces multiple products like apparel, footwear, accessories, fragrances, and home furnishings.
Their products are available in multiple channels like department stores and about 1400 freestanding retail stores across 90 countries. The company productsoutfitpeople of all age groups for men, women, and kids. Tommy Hilfiger designs are aligned with the American nature in various categories like sportswear, denim, home furnishings, watches, and fragrances. The designers produce products that are creative, modern and casual.
Tommy Hilfiger’s revenue in 2022, reached $4.65 billion.
Every care is taken to create each product and is developed with good raw materials to produce high-quality products. This brand has a strong distribution network at the international level and because of this; it has a high visibility among people.
7) Hugo Boss
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1924
- Founder: Hugo Ferdinand Boss
- Headquarters: Metzingen, Germany
- Area served: Worldwide
- Current CEO: Daniel Grieder
- Revenue: $1,119 million (June 2023)
- Market cap: $4.95B (September 8, 2023)
- Number of employees: 17,947 (2022)
Hugo Boss is a popular German luxury fashion house that was formed during the year 1924 and is headquartered in Metzingen, Germany. The company produces high fashion wear, accessories, and footwear. It originally started as a producer of uniforms, over the years it entered into production of suits for men. Gradually the company started producing women’s collection as well.
This brand is an expert in high-end designer clothing and has registered its presence in the high-class designer clothing. It has a great brand value and has its space in the fashion space at the top. It has made a presence in the world’s leading fashion shows held at Milan and Paris and due to which is brand visibility has been increased.
Hugo Boss Quarterly Net Income as of June 2023 is $82 million and its quarterly Gross Profit is $698 million. Hugo Boss Quarterly Operating Income is $133 million.
It has a wide distribution network of about 60,000 points of sales that is spread across 100 countries worldwide. The company produces unique designs by maintaining its quality and that being the reason to have a stream of loyal customers who make a repeated purchase.
8) Guess
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1981
- Founders: Marciano Brothers (Maurice, Paul, Armand, and Georges)
- Headquarters: Los Angeles, California, United States
- Area served: Worldwide
- Current CEO: Victor Herrero
- Revenue: 2.69 billion U.S. dollars (FY 2023)
Guess is an American fashion industry that was formed during the year 1981 and is headquartered in California, United States. The main products of this brand are clothing for men and women and fashion accessories like jewelry, watches, shoes, and perfumes.
It has a strong brand portfolio and the company has invested a lot in creating this brand name and its portfolio. This has led to the expansion of its product line to get more visibility among the people. Guess has an automated manufacturing process that has enabled them to maintain consistency in the product quality.
In FY 2023, the company’s net product sales amounted to approximately 2.6 and a half billion U.S. dollars. In FY 2023, the company’s gross profit margin was 42.7 percent. As of January 28, 2023, the company operated 794 stores in Europe and the Middle East. Guess had a total of 1,608 stores worldwide as of 2023.
The company has highly skilled professionals who undergo rigorous training to upgrade their skills. Guess brand has been recognized world over and has received many awards and because of this, it is indeed a top Calvin Klein competitor.
9) LVMH
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1987
- Founder: Bernard Arnault
- Headquarters: Paris, France
- Area served: Worldwide
- Current CEO: Bernard Arnault
- Revenue: €42.2 billion (H1, 2023)
- Market cap: $395.98B (September 8, 2023)
- Number of employees: 196,000
LVMH is a famous French luxury goods company. The company is headquartered in Paris, France and was established during the year 1987. The company was formed when two main fashion companies named Moet Hennessy and Louis Vuitton were merged.
The company business operations are seen in almost 81 countries. LVMH has a huge set of product lines like fashion accessories, jewelry, clothing, cosmetics, perfumes, watches, and wines. This brand produces the best quality goods with their creative and traditional designs.
Profit from recurring operations for the first half of 2023 was up 13% at €11 574 million. Operating margin reached 27.4% of revenue. Group share of net profit was up 30% at €8 481 million. The Wines & Spirits business group recorded a slight revenue decline (3% organic) in the first half of 2023. The Fashion & Leather Goods business group recorded organic revenue growth of 20% in the first half of 2023.The Perfumes & Cosmetics business group recorded organic revenue growth of 13% in the first half of 2023. The Watches & Jewelry business group achieved organic revenue growth of 13% in the first half of 2023.
The company has in-house skilled workers who work with their designs instead of making use of machines for the production of unique products. Their products are available worldwide. The company produces unique and great designs and due to which, it is considered one of the top Calvin Klein competitors.
10) Kenneth Cole
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1982
- Founder: Kenneth Cole
- Headquarters: New York City, New York, United States
- Area served: Worldwide
- Current CEO: John D. Idol
A popular American fashion house, Kenneth Cole was founded during the year 1982 and is headquartered in New York, United States. It is an apparel and accessories manufacturer that creates dynamic, innovative, and energetic clothes.
It is a well-established brand in the fashion market. Kenneth Cole produces innovative products on regular basis to meet the various demands of the fashion market. The company has developed an internal system to help to increase the visibility and support its sustainability through various global operations.
The company has many loyal customers who keep buying their products. Kenneth Cole’s products are available at a feasible rate and because of this; it is able to reach to larger audience. The company has skilled designers who maintain a high standard in products.
11) Donna Karan
- Product type: Fashion and luxury goods
- Industry: Fashion
- Founded: 1985
- Founder: Donna Karan
- Headquarters: New York City, New York, United States
- Area served: Worldwide
- Current CEO: Stephanie Spruill
Donna Karan brand popularly known as DKNY is a fashion brand that was formed during the year 1984 and is headquartered in New York, United States. This brand is owned by a leading fashion designer of America, Donna Karan.
It is popular for fashion and leather goods and watches. Their products are available for men and women and are comfortable to use. The main target segment of this brand is men and women who look for simple, affordable, and casual clothing at a feasible price. This brand is popular as an innovative and world-class designer produces clothes that are used by many famous personalities.
The company has excellent branding and advertising. It has a varied set of products that range from accessories, jeans, shoes, and many more and because of this Donna Karan is a top Calvin Klein competitor.
Conclusion
Calvin Klein being a top American fashion brand makes use of their expertise to come to the top of their competitors.
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