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|  PVH CORP.ASSOCIATES INVESTMENT PLAN |
|-------------------------------------------|

| Date:  June 27, 2014 | By:     /s/  Dana Perlman                                                           |
|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           | Dana Perlman                                                                                                                                                                                                                                                                                                                                                                                                             |
|                           | Member of Plan Committee                                                                                                                                                                                                                                                                                                                                                                                                 |

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|                                                                                                                                                                                                                                                                                                                                   | Page                                                   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                   |                                                   |
| Report of Independent Registered Public Accounting Firm Financial Statements Statements of Net Assets Available for Benefits Statement of Changes in Net Assets Available for Benefits Notes to Financial Statements Supplemental Schedule Schedule H, Line 4i--Schedule of Assets (Held at End of Year) | 1   3 4 5   15 |

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|                                             | 2013                                                                                                     |   | 2012                                                                                                                                  |
|--------------------------------------------------|----------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|
| Assets                                           |                                                                                                     |   |                                                                                                                                  |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Cash                                             | $       155,494                                                  |   | $        948,007                                                                         |
| Participant-directed investments, at fair value  | 412,113,424                                                                                         |   | 338,351,821                                                                                                                      |
| Receivables:                                     |                                                                                                     |   |                                                                                                                                  |
| Notes from participants                          | 7,242,947                                                                                           |   | 6,383,447                                                                                                                        |
| Due from broker                                  | 94,910                                                                                              |   | 231,651                                                                                                                          |
|   Contributions, employer              |              302,185                    |   |            -            |
|   Contributions, employee              |             663,898                          |   |            -            |
| Due from Warnaco Group, Inc. plan merger         |    85,089,888                                                                             |   |            -                 |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Total receivables                                |    93,393,828                                                                             |   |        6,615,098                                                                                   |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Total assets                                     |   505,662,746                                                                                  |   |    345,914,926                                                                                                         |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Liabilities                                      |                                                                                                     |   |                                                                                                                                  |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Due to broker                                    | 10,731                                                                                              |   | 853,453                                                                                                                               |
| Other payable                                    |                  49 |   |            -            |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Total liabilities                                |          10,780                                             |   |           853,453                                                                   |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Net assets available for benefits, at fair value |     505,651,966                                                                      |   | 345,061,473                                                                                                                      |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Adjustment from fair value to contract value for |                                                                                                     |   |                                                                                                                                  |
| interest in common/collective trust relating to  |                                                                                                     |   |                                                                                                                                  |
| fully benefit-responsive investment contracts    |        (355,107)                                                      |   |      (1,208,966)                                                                                             |
|                                             |                                                                                                     |   |                                                                                                                                  |
| Net assets available for benefits                | $505,296,859                                                                                             |   | $ 343,852,507                                                                                                                         |
|                                             |                                                                                                     |   |                                                                                                                                  |
|                                             |                                                                                                     |   |                                                                                                                                  |   |

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| Additions                                                           |                                                       |
|---------------------------------------------------------------------|------------------------------------------------------------|
|                                                                |                                                       |
| Investment income:                                                  |                                                       |
|       Net appreciation of investments | $   55,575,913                         |
|       Dividend income                 |     11,601,427                         |
|    Total investment income                           | 67,177,340                                            |
|                                                                |                                                       |
| Interest income on notes receivable from participants               | 276,234                                               |
|                                                                |                                                       |
| Contributions:                                                      |                                                       |
|    Employer, net of forfeitures                      | 10,870,353                                            |
|    Participants                                      | 24,788,241                                            |
|    Rollovers                                         |       1,683,378              |
| Total contributions                                                 |         37,341,972 |
|                                                                |                                                       |
| Transfer from Warnaco Group, Inc. Employee Savings Plan             |        85,089,888       |
|                                                                |                                                       |
| Total additions                                                     |     189,885,434                        |
|                                                                |                                                       |
| Deductions                                                          |                                                       |
|                                                                |                                                       |
| Payments to participants                                            |     28,441,082                         |
|                                                                |                                                       |
| Total deductions                                                    |     28,441,082                         |
|                                                                |                                                       |
| Net increase in net assets available for benefits                   |       161,444,352            |
|                                                                |                                                       |
| Net assets available for benefits at beginning of year              |   343,852,507                                    |
|                                                                |                                                       |
| Net assets available for benefits at end of year                    |   $505,296,859                                   |

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|                                     |   |                                                                                                      | Fair Value Measurements at |
|------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------|----------------------------|
|                                     |   |                                                                                                      | December 31, 2013          |
| Asset Category                           |   | Total                                                                                                     |                       | Quoted PricesIn ActiveMarkets forIdentical Assets(Level 1) |   | SignificantObservableInputs(Level 2) |   | SignificantUnobservableInputs(Level 3) |
|                                     |   |                                                                                                      |                       |   |   |   |   |   |
| Common collective trust funds:(1)        |   |                                                                                                      |                       |   |   |   |   |   |
| Stable value                             |   | $  44,698,679                                                                              |                       | $             -         |   | $44,698,679  |   | $           -          |
| U.S. equity index                        |   | 19,109,544                                                                                           |                       | -         |   |   19,109,544  |   | -          |
| Mutual funds:(2)                         |   |                                                                                                      |                       |   |   |   |   |   |
| U.S. equity                              |   | 142,028,774                                                                                          |                       | 142,028,774  |   | -         |   | -          |
| International equity                     |   | 48,831,829                                                                                           |                       | 48,831,829  |   | -         |   | -          |
| Fixed income                             |   | 40,449,904                                                                                           |                       | 40,449,904  |   | -         |   | -          |
| Balanced                                 |   | 34,844,073                                                                                           |                       | 34,844,073  |   | -         |   | -          |
| Real estate                              |   | 6,508,190                                                                                            |                       | 6,508,190  |   | -         |   | -          |
| PVH Corp. common stock(3)                |   | 75,641,538                                                                                           |                       | 75,641,538  |   | -         |   | -          |
| Money market funds(4)                    |   |                  893 |                       |                -       |   |           893 |   |              -          |
|                                     |   |                                                                                                      |                       |   |   |   |   |   |
| Total investments measured at fair value |   | $412,113,424                                                                                              |                       | $348,304,308 |   | $63,809,116 |   | $           -         |

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|                                     |   |                                                                                      | Fair Value Measurements at |
|------------------------------------------|--------|-------------------------------------------------------------------------------------------|----------------------------|
|                                     |   |                                                                                      | December 31, 2012          |
| Asset Category                           |   | Total                                                                                     |                       | Quoted PricesIn ActiveMarkets forIdentical Assets(Level 1) |   | SignificantObservableInputs(Level 2) |   | SignificantUnobservableInputs(Level 3) |
|                                     |   |                                                                                      |                       |   |   |   |   |   |
| Common collective trust funds:(1)        |   |                                                                                      |                       |   |   |   |   |   |
| Stable value                             |   | $   42,871,890                                                        |                       | $             -         |   | $ 42,871,890  |   | $           -          |
| U.S. equity index                        |   | 14,519,770                                                                           |                       |  -         |   |    14,519,770  |   | -          |
| Mutual funds:(2)                         |   |                                                                                      |                       |   |   |   |   |   |
| U.S. equity                              |   | 105,890,011                                                                          |                       | 105,890,011  |   | -         |   | -          |
| International equity                     |   | 38,332,568                                                                           |                       | 38,332,568  |   | -         |   | -          |
| Fixed income                             |   | 37,365,540                                                                           |                       | 37,365,540  |   | -         |   | -          |
| Balanced                                 |   | 27,801,745                                                                           |                       | 27,801,745  |   | -         |   | -          |
| Real estate                              |   | 5,933,509                                                                            |                       | 5,933,509  |   | -         |   | -          |
| PVH Corp. common stock(3)                |   | 65,635,440                                                                           |                       | 65,635,440  |   | -         |   | -          |
| Money market funds(4)                    |   |               1,348 |                       |               -        |   |             1,348 |   |              -          |
|                                     |   |                                                                                      |                       |   |   |   |   |   |
| Total investments measured at fair value |   | $ 338,351,821                                                                             |                       | $ 280,958,813 |   | $ 57,393,008 |   | $           -          |

| (1) | Valued at the net asset value of the fund(s), as determined by a pricing vendor or the fund family.  The Plan has no unfunded commitments related to these common collective trust funds.  These funds invest in (a) guarantee contracts and instruments and (b) securities that make up the S&P 500 Index in the same proportion as the index. These funds are redeemable on a daily basis without restriction. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) |  Valued at the net asset value of the fund(s), as determined by the closing price in the active market in which the individual fund is traded. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Valued at the closing price of PVH Corp. common stock as determined by the closing price reported in the active market in which the securities are traded. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Valued at the net asset value of the fund(s), as determined by a pricing vendor or the fund family.  The Plan has no unfunded commitments related to these funds.  These funds invest in short-term, high quality fixed income securities issued by banks, corporations and the U.S. government and maintain a constant $1 net asset value.  These funds are redeemable on a daily basis without restriction. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Mutual funds                  | $35,892,848                  |
|-------------------------------|-----------------------------------|
| PVH Corp. common stock        | 14,343,677                   |
| Common collective trust funds |     5,339,388 |
|                          |                              |
|                          | $55,575,913                       |

|                                     |        2013    |       2012                                                                                              |
|------------------------------------------|---------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|
|                                     |                                              |                                                                                                                                  |
| American Beacon Large Cap Value Fund     | $51,744,252                                  | $ 38,193,829                                                                                                                          |
| Dodge & Cox Balanced Fund            | -         | 27,801,745                                                                                                                            |
| Fidelity Balanced Fund                   | 34,844,073                                   |                  -      |
| Mainstay Large Cap Growth                | 48,128,894                                   | 34,124,929                                                                                                                            |
| Metropolitan West Total Return Bond Fund | 40,449,904                                   | 37,365,540                                                                                                                            |
| PVH Corp. Common Stock                   | 75,641,538                                   | 65,635,440                                                                                                                            |
| Thornburg International Value Fund       | 41,893,534                                   | 32,929,945                                                                                                                            |
| Wells Fargo Small Cap Value Fund         | -         | 17,632,705                                                                                                                            |
| Wells Fargo Stable Return                | 44,698,679                                   | 42,871,890                                                                                                                            |
|                                     |                                              |                                                                                                                                  |

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|                                                      |   | 2013                                                          |   | 2012                                          |
|-----------------------------------------------------------|--------|---------------------------------------------------------------|--------|-----------------------------------------------|
| Net assets available for benefits per the financial       |   |                                                          |   |
|    statements                              |   | $ 505,296,859                                                 |   | $ 343,852,507                            |
| Amounts allocated to withdrawing participants             |   | (18,226)                                                      |   | (882)                                         |
| Adjustment from fair value to contract value for          |   |                                                          |   |                                          |
|   fully benefit-responsive investment contracts |   |          355,107 |   |       1,208,966 |
|                                                      |   |                                                          |   |                                          |
| Net assets available for benefits per the Form 5500       |   | $ 505,633,740                                                 |   | $ 345,060,591                                 |

|                                                       |   | 2013                                                                                |
|------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|
|                                                       |   |                                                                                |
| Benefits paid to participants per the financial statements |   | $ 28,441,082                                                                   |
| Add: Amounts allocated to withdrawing participants at      |   |                                                                                |
|   December 31, 2013                              |   | 18,226                                                                         |
| Less: Amount allocated to withdrawing participants at      |   |                                                                                |
|   December 31, 2012                              |   |              (882) |
| Benefits paid to participants per the Form 5500            |   | $ 28,458,426                                                                        |

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|       |                          |                                        |   |                                     |
|------------|-------------------------------|---------------------------------------------|--------|------------------------------------------|
|       |                          | (c)                                         |   |                                     |
|       | (b)                           | Description of investment                   |   | (e)                                      |
|       | Identity of issuer, borrower, | including maturity date, rate of            | (d)    | Current                                  |
|   (a) | lessor or similar party       | interest, collateral, par or maturity value | Cost   | value                                    |
|       |                          |                                        |   |                                     |
|       | American Beacon Funds         | American Beacon Large Cap Value Fund;       |   |                                     |   |
|       |                          | 1,898,175.041 shares                        | **     | $  51,744,252                  |   |
|       | Fidelity Funds                | Fidelity Balanced Fund;                     |   |                                     |   |
|       |                          | 1,531,607.616 shares                        | **     | 34,844,073                               |   |
|       | Federated Securities Corp.    | Federated Capital Reserves Fund;            |   |                                     |   |
|       |                          |    892.750 shares            | **     | 893                                      |   |
|       | Hartford Series Funds         | Hartford HLS Small Cap Growth Fund;         |   |                                     |   |
|       |                          | 332,053.922 shares                          | **     | 10,682,175                               |   |
|       | Lazard Funds                  | Lazard Funds Emerging Markets;              |   |                                     |   |
|       |                          | 362,502.347 shares                          | **     | 6,938,295                                |   |
|       | Mainstay                      | Mainstay Large Cap Growth;                  |   |                                     |   |
|       |                          | 4,677,249.178 shares                        | **     | 48,128,894                               |   |
|       | Metropolitan West             | Metropolitan West Total Return Bond         |   |                                     |   |
|       |                          | Fund; 3,834,114.169 shares                  | **     | 40,449,904                               |   |
|       | Neuberger & Berman        | Neuberger & Berman Genesis Trust;       |   |                                     |   |
|       |                          | 190,464.834 shares                          | **     | 12,294,505                               |   |
|       | State Street Global Advisors  | State Street S&P 500 Index;             |   |                                     |   |
|       |                          | 337,386.026 shares                          | **     | 19,109,544                               |   |
|       | Thornburg Investment          | Thornburg International Value Fund;         |   |                                     |   |
|       |   Management        | 1,306,722.841 shares                        | **     | 41,893,534                               |   |
|       | Virtus Mutual Funds           | Virtus Real Estate Securities;              |   |                                     |   |
|       |                          | 200,684.232 shares                          | **     | 6,508,190                                |   |
|       | Wells Fargo Funds             | Wells Fargo Small Cap Value Fund;           |   |                                     |   |
|       |                          | 570,292.830 shares                          | **     | 19,178,948                               |   |
|       | Wells Fargo Funds             | Wells Fargo Stable Return;                  |   |                                     |   |
|       |                          | 922,287.263 shares                          | **     | 44,698,679                               |   |
| *          | PVH Corp.                     | PVH Corp. Common Stock;                     |   |                                     |   |
|       |                          | 556,106.000 shares                          | **     |     75,641,538       |   |
|       |                          |                                        |   |                                     |   |
|       |                          | Total investments, at fair value            |   | $412,113,424                             |   |
|       |                          |                                        |   |                                     |   |
| *          | Notes receivable from         | Participant notes receivable maturing at    |   |                                     |   |
|       |   participants      | various dates through 2028 and bearing      |   |                                     |   |
|       |                          | interest at rates from 4.25% to 9.25%       | **     | $    7,242,947  |   |

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| Exhibit No. |
|-------------|
|        |
| 23.1        | Consent of Independent Auditors |

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