PVH, OpenAI Alliance to Embed AI in Product Design & Demand Planning

PVH Corporation PVH has been gaining from the strong execution of the PVH+ Plan, alongside strength in its brands and cost-management efforts. The plan mainly aims at accelerating growth by boosting its core strengths and connecting Calvin Klein and TOMMY HILFIGER brands with the consumers. In the latest update, the company has announced a collaboration with OpenAI that combines OpenAI’s advanced capabilities with the power of Calvin Klein, TOMMY HILFIGER and PVH. The partnership advances PVH’s multi-year PVH+ growth strategy by integrating OpenAI’s technology across global operations to support innovation and create new opportunities across the value chain.Through its collaboration with OpenAI, PVH will co-develop custom AI capabilities embedded within its data and demand-driven operating model, which will boost product design, demand planning, inventory optimization and consumer engagement. These capabilities will enhance team creativity and execution, enabling smarter tools, improved decision-making and personalized consumer experiences.The company will integrate OpenAI enterprise APIs to develop modern workflows and drive outcomes end-to-end, across product, marketing, supply chain and retail functions. This also includes ChatGPT Enterprise, with the latest applications built exclusively for its teams. The alliance underscores PVH’s focus on scalable innovation that supports associates, modernizes workflows and deepens consumer engagement.What’s More for PVH?PVH continued to make progress in strengthening its direct-to-consumer (DTC) and digital channels, both of which are central to its PVH+ Plan. Both the brands, Calvin Klein and Tommy Hilfiger, have been gaining traction online by connecting hero product innovations with global mega-talent campaigns, resulting in higher traffic, new customer acquisition and improved repeat purchasing.Image Source: Zacks Investment ResearchThis current Zacks Rank #3 (Hold) company’s shares have fallen 22.5% in the past three months against the industry’s 6.4% growth.Key Picks in the Consumer Discretionary SpaceBoyd Gaming BYD, which is a gaming company, currently sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. BYD delivered a trailing four-quarter earnings surprise of 9.6%, on average. The Zacks Consensus Estimate for BYD’s current financial-year EPS indicates growth of 7.3% from the year-ago number. Ralph Lauren RL, which is a designer and marketer of premium lifestyle products, currently carries a Zacks Rank of 2. RL delivered a trailing four-quarter earnings surprise of 9.8%, on average. The Zacks Consensus Estimate for RL’s current financial-year sales indicates growth of 25.1% from the year-ago number. GIII Apparel Group GIII, which is a designer and manufacturer of apparel and accessories, currently carries a Zacks Rank of 2.The Zacks Consensus Estimate for GIII’s current financial-year EPS is expected to rise 6.9% from the corresponding year-ago reported figure. GIII Apparel delivered a trailing four-quarter earnings surprise of 64.5%, on average.Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ralph Lauren Corporation (RL): Free Stock Analysis Report Boyd Gaming Corporation (BYD): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks