Exit the Heritage Brands Retail business

Delivered by the deadline

AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.

Announced: 2 Sep 2020
Due: 30 Jun 2021
Delivered: Q2 2021

Deadline
Met
Late
Not met
Today

What the company said

“the exit from its Heritage Brands Retail business by mid-2021”

SourcePVH Form 8-K press release, 2020-09-02
FilingSEC filing index
Deadline as statedby mid-2021
Deadline used30 Jun 2021, the last day of the stated period
TypeTransaction
Permanent referenceKI-C-2020-PVH-019131
Cite as https://keptindex.org/c/KI-C-2020-PVH-019131/ — this address never changes.

What we found

Evidence strength A What the grades mean

PVH substantially completed the exit from its Heritage Brands Retail business during the second quarter of 2021, meeting its mid-2021 deadline.

A
PVH 10-Q filed 2021-09-09 Regulatory filing · published 9 Sep 2021 · retrieved 21 Oct 2026 · kept permanently by the SEC · fingerprint 1d1904c85c98
“the exit from its Heritage Brands Retail business, which was substantially completed in the second quarter of 2021.” ✓ confirmed on the page
A
PVH 10-Q filed 2021-12-08 Regulatory filing · published 8 Dec 2021 · retrieved 21 Oct 2026 · kept permanently by the SEC · fingerprint 329a79ff6221
“following the substantial completion of the exit from the business in the second quarter of 2021, the Company’s Heritage Brands Retail segment ceased operations.” ✓ confirmed on the page

Market reaction: the shares moved +3.4% against the S&P 500 over the three sessions around the disclosure (8 Sep 2021 to 13 Sep 2021). What this measures

Checked 21 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

3 versions

Version 1 · original · stated 2 Sep 2020

Deadline 30 Jun 2021 (“by mid-2021”)
Version 2 · stated 30 Mar 2021

Deadline 31 Jul 2021 (“in the first half of the year”)

“both the Company’s GAAP and non-GAAP outlook reflect approximately $20 million of estimated operating losses associated with the wind down of the Heritage Brands Retail business in the first half of the year.”
Source for this version
Version 3 · stated 2 Jun 2021

Deadline 30 Jun 2021 (“mid-2021”) · wording expected

“exit from the Heritage Brands Retail business announced in July 2020 and expected to be completed by mid-2021”
Source for this version

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type: Transaction other
Indicative materiality: Medium rules
Action: Exit
Deliverable: Heritage Brands Retail business
Where: North America
In the company’s control: High
Specificity: High

How this entry was checked

Commitment recordedThe company's words were matched word for word against the filing.
First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
Second check: disagreesClaude (Anthropic) re-read the evidence blind and read it as “Late”.
Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the recorded outcome.

Confirmed. This outcome counts towards the company's Kept Score. How verification works

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Report an error in this entry Reference: KI-C-2020-PVH-019131 · Corrections policy