Calvin Klein Targets China for Growth

China, expected to top the world in luxury-goods spending in as little as five years, will be Calvin Klein's fast-growing market this year, CEO Tom Murry said in an interview. Sales growth will be 20 percent to 30 percent, led by jeans and men's underwear, Murry said. The company expects to open 15 freestanding stores in China this year, adding to the 100 it already has.