| (Mark One) |                                                                                     |
|------------|------------------------------------------------------------------------------------------|
| x          | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934     |
|       | For the fiscal year ended January 30, 2011                                               |
|       | OR                                                                                       |
| o          | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|       | For the transition period from _________ to ___________                                  |
|       |                                                                                     |
|       | Commission File Number         001-07572         |

| PHILLIPS-VAN HEUSEN CORPORATION |
|---------------------------------|

|   | Delaware                                     |   | 13-1166910                           |   |
|--------|----------------------------------------------|--------|--------------------------------------|--------|
|   | (State of incorporation)                     |   | (I.R.S. Employer Identification No.) |   |
|   |                                         |   |                                 |   |
|   |  200 Madison Avenue, New York, New York |   |  10016                          |   |
|   | (Address of principal executive offices)     |   | Zip Code                             |   |

| 212-381-3500                          |
|---------------------------------------|
| (Registrant’s telephone number) |

|                          | Title of Each Class     |   |   | Name of Each Exchangeon Which Registered |   |
|-------------------------------|-------------------------|--------|--------|------------------------------------------|--------|
| Common Stock, $1.00 par value | New York Stock Exchange |

|                                                                                                | Document |   | Location in Form 10-Kin which incorporated |
|-----------------------------------------------------------------------------------------------------|----------|--------|--------------------------------------------|
| Registrant’s Proxy Statementfor the Annual Meeting ofStockholders to be held on June 23, 2011 | Part III |

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| SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this Annual Report on Form 10-K including, without limitation, statements relating to our future revenue and cash flows, plans, strategies, objectives, expectations and intentions, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, the following: (i) our plans, strategies, objectives, expectations and intentions are subject to change at any time at our discretion; (ii) in connection with the acquisition of Tommy Hilfiger B.V. and certain affiliated companies (collectively, “Tommy Hilfiger”), we borrowed significant amounts, may be considered to be highly leveraged, and will have to use a significant portion of our cash flows to service such indebtedness, as a result of which we might not have sufficient funds to operate our businesses in the manner we intend or have operated in the past; (iii) the levels of sales of our apparel, footwear and related products, both to our wholesale customers and in our retail stores, the levels of sales of our licensees at wholesale and retail, and the extent of discounts and promotional pricing in which we and our licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, repositionings of brands by our licensors and other factors; (iv) our plans and results of operations will be affected by our ability to manage our growth and inventory, including our ability to continue to develop and grow our Calvin Klein businesses in terms of revenue and profitability, and our ability to realize benefits from Tommy Hilfiger; (v) our operations and results could be affected by quota restrictions and the imposition of safeguard controls (which, among other things, could limit our ability to produce products in cost-effective countries that have the labor and technical expertise needed), the availability and cost of raw materials, our ability to adjust timely to changes in trade regulations and the migration and development of manufacturers (which can affect where our products can best be produced), changes in available factory and shipping capacity, wage and shipping cost escalation, and civil conflict, war or terrorist acts, the threat of any of the foregoing, or political and labor instability in any of the countries where our or our licensees’ or other business partners’ products are sold, produced or are planned to be sold or produced; (vi) disease epidemics and health related concerns, which could result in closed factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas, as well as reduced consumer traffic and purchasing, as consumers limit or cease shopping in order to avoid exposure or become ill; (vii) acquisitions and issues arising with acquisitions and proposed transactions, including without limitation, the ability to integrate an acquired entity, such as Tommy Hilfiger, into us with no substantial adverse affect on the acquired entity’s or our existing operations, employee relationships, vendor relationships, customer relationships or financial performance; (viii) the failure of our licensees to market successfully licensed products or to preserve the value of our brands, or their misuse of our brands; and (ix) other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding revenue or cash flows, whether as a result of the receipt of new information, future events or otherwise. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Licensing Partner                           |   | Product Category                                                                                                                                                                     |
|---------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                        |   |                                                                                                                                                                                 |
| American Sportswear S.A.                    |   | Sportswear apparel and licensed products distribution (Central America, South America and the Caribbean)                                                                             |
|                                        |   |                                                                                                                                                                                 |
| Aramis, Inc.                                |   | Fragrance, cosmetics, skincare products and toiletries (worldwide)                                                                                                                   |
|                                        |   |                                                                                                                                                                                 |
| Baseco S.A. DE C.V.                         |   | Sportswear apparel and licensed products distribution (excluding footwear) (Mexico)                                                                                                  |
|  Dobo Nexth B.V.                       |   |  Men’s, women’s and children’s socks (Europe)                                                                                                                 |
|  Fishman and Tobin, Inc.               |   |  Boys’ and girls’ apparel (United States, Canada, Puerto Rico and Guam (Macy’s stores only))                                                                  |
|                                        |   |                                                                                                                                                                                 |
| GVM International, Ltd.                     |   | Sportswear apparel and licensed products distribution (India)                                                                                                                        |
|                                        |   |                                                                                                                                                                                 |
| Marcraft Clothes, Inc.                      |   | Men’s tailored clothing (United States and Canada)                                                                                                                             |
|                                        |   |                                                                                                                                                                                 |
| Movado Group, Inc. / Swissam Products, Ltd. |   | Women’s and men’s watches and jewelry (worldwide, excluding Japan (except certain customers))                                                                            |
|                                        |   |                                                                                                                                                                                 |
| Revman International, Inc.                  |   | Bed and bedding accessories (United States, Canada and Mexico)                                                                                                                       |
|                                        |   |                                                                                                                                                                                 |
| Safilo Group S.p.A.                         |   | Men’s, women’s and children’s eyeglasses and non-ophthalmic sunglasses, prescription frames, readers, clip-ons, goggles and ski masks (worldwide, excluding India) |
|                                        |   |                                                                                                                                                                                 |
| SK Global Co., Ltd.                         |   | Sportswear apparel and licensed products distribution (South Korea)                                                                                                                  |
|                                        |   |                                                                                                                                                                                 |
| Strellson AG                                |   | Men’s tailored clothing (Europe and Middle East)                                                                                                                               |
|                                        |   |                                                                                                                                                                                 |
| Swank, Inc.                                 |   | Men’s belts and small leather goods (United States, Canada and Mexico)                                                                                                         |
|                                        |   |                                                                                                                                                                                 |
| Tommy Hilfiger Asia-Pacific, Ltd.           |   | Sportswear apparel and licensed products distribution (China, Hong Kong, Macau, Malaysia, Singapore, Taiwan)                                                                         |
|                                        |   |                                                                                                                                                                                 |
| Tommy Hilfiger Australia PTY, Ltd.          |   | Men’s, women’s and children’s socks, tights and leggings, excluding pantyhose (Australia and New Zealand)                                                          |

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| Licensing Partner                                     |   | Product Category                                                                                                                                                                                                                                                                                                                                                                                       |
|-------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| CK Watch and Jewelry Co., Ltd.(Swatch SA)        |   | Men’s and women’s watches (worldwide) and women’s jewelry (worldwide, excluding Japan)                                                                                                                                                                                                                                                                                               |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| CK21 Holdings Pte, Ltd.                               |   | Men’s and women’s bridge apparel, shoes and accessories (Asia, excluding Japan)                                                                                                                                                                                                                                                                                                            |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| Coty, Inc.                                            |   | Men’s and women’s fragrance and bath products (worldwide)                                                                                                                                                                                                                                                                                                                                  |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| DWI Holdings, Inc. / Himatsingka Seide, Ltd.          |   | Soft home bed and bath furnishings (United States, Canada, Mexico, Central America & South America)                                                                                                                                                                                                                                                                                                |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| G-III Apparel Group, Ltd.                             |   | Men’s and women’s coats; women’s better suits, dresses and sportswear; women’s active performance wear; luggage; women’s handbags (United States, Canada & Mexico)                                                                                                                                                                                                   |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| Jimlar Corporation                                    |   | Men’s and women’s footwear: better (United States, Canada & Mexico); bridge (North America, Europe & Middle East); collection (worldwide)                                                                                                                                                                                                                                          |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| Marchon Eyewear, Inc.                                 |   | Men’s and women’s optical frames and sunglasses (worldwide)                                                                                                                                                                                                                                                                                                                                |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| McGregor Industries, Inc. / American Essentials, Inc. |   | Men’s and women’s socks and women’s tights (United States, Canada, Mexico, South America, Europe, Middle East and Asia, excluding Japan)                                                                                                                                                                                                                                             |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| Onward Kashiyama Co. Ltd.                             |   | Men’s and women’s bridge apparel and women’s accessories (Japan)                                                                                                                                                                                                                                                                                                                     |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| Peerless Delaware, Inc.                               |   | Men’s better and bridge tailored clothing (United States, Canada & Mexico; South America (non-exclusive))                                                                                                                                                                                                                                                                                    |
|                                                  |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| Warnaco, Inc.                                         |   | Men’s, women’s and children’s jeanswear (nearly worldwide); men’s and boy’s underwear and sleepwear (worldwide); women’s and girl’s intimate apparel and sleepwear (worldwide); women’s swimwear (worldwide); men’s better swimwear (worldwide); men’s and women’s bridge apparel and accessories (Europe, Africa & Middle East) |

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| Licensing Partner                                     |   | Product Category                                                                                                                                                                                                                                               |   |
|-------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                  |   |                                                                                                                                                                                                                                                           |   |
| Arvind Mills, Ltd.                                    |   | ARROW men’s and women’s dresswear, sportswear and accessories (India, Middle East, Ethiopia, Maldives & Nepal); IZOD men’s sportswear and accessories (India)                                                                            |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Clearvision Optical Company, Inc.                     |   | IZOD men’s and children’s optical eyewear and related accessories (United States)                                                                                                                                                                  |
|                                                  |   |                                                                                                                                                                                                                                                           |
| ECCE                                                  |   | ARROW men’s and women’s dresswear, sportswear and accessories (France, Switzerland, Andorra & Morocco)                                                                                                                                         |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Fishman & Tobin, Inc.                             |   | Van Heusen and ARROW boys’ dresswear and sportswear; IZOD boys’ sportswear; IZOD and ARROW boys’ and girls’ school uniforms; ARROW men’s tailored clothing; IZOD boys’ tailored clothing (United States & Canada) |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Gazal Apparel Pty Limited                             |   | Van Heusen men’s dresswear and accessories (Australia & New Zealand)                                                                                                                                                                                 |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Gemini Cosmetics, Inc.                                |   | IZOD men’s fragrances (United States)                                                                                                                                                                                                                    |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Harbor Wholesale, Ltd.                                |   | Bass and G.H. Bass & Co. wholesale footwear (worldwide); IZOD footwear (United States)                                                                                                                                                                     |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Beijing Innovative Garments                           |   | ARROW men’s dresswear and sportswear (China)                                                                                                                                                                                                             |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Knothe Apparel Group, Inc.                            |   | IZOD men’s and boys’ sleepwear and loungewear, men’s thermal underwear (United States & Canada)                                                                                                                                          |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Leighton Daniel Group LLC                             |   | IZOD men’s and women’s collegiate sportswear (United States)                                                                                                                                                                                       |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Manufacturas Interamericana S.A.                      |   | ARROW men’s and women’s dresswear, sportswear and accessories (Chile, Peru, Argentina &Uruguay)                                                                                                                                                |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Peerless Delaware, Inc.                               |   | Van Heusen and IZOD men’s tailored clothing (United States & Mexico)                                                                                                                                                                                 |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Randa Canada LTD./Randa Corp. d/b/a Randa Accessories |   | ARROW men’s and boys’ belts, wallets and suspenders (Canada); Van Heusen men’s and boys’ neckwear (United States)                                                                                                                      |
|                                                  |   |                                                                                                                                                                                                                                                           |
| Thanulux Public Company, Ltd.                         |   | ARROW men’s dresswear, sportswear and accessories; ARROW women’s dresswear and sportswear (Thailand &Vietnam)                                                                                                                                  |
|                                                  |   |                                                                                                                                                                                                                                                           |
| WestPoint Home, Inc.                                  |   | IZOD home products (United States)                                                                                                                                                                                                                             |

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| ·   | Growing the business in product categories that we believe are currently underdeveloped in Europe, such as pants, outerwear, underwear and accessories, as well as the womenswear collection; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Increasing the Tommy Hilfiger brand’s presence in under-penetrated markets where we believe there is growth potential, such as Italy, France, the United Kingdom, Scandinavia and Central and Eastern Europe, through both our own retail expansion and increased wholesale sales, which we intend to support with increased advertising and marketing activities; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Increasing Tommy Hilfiger’s overall presence in Europe through the expansion of specialty and outlet retail stores. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|

| ·   | Expanding our strategic alliance with Macy’s by leveraging our logistics capabilities and “preferred vendor” relationship with Macy’s and adding product categories to the merchandise assortments, increasing and enhancing the locations of “shop-in-shop” stores in high-volume Macy’s stores and featuring Tommy Hilfiger products in Macy’s marketing campaigns; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Expanding product offerings by Tommy Hilfiger and its licensees in both the retail and wholesale channels. |
|--------------------|------------------------------------------------------------------------------------------------------------|

| ·   | We intend to capitalize on opportunities, when the environment in Japan stabilizes, to grow the Tommy Hilfiger business in Japan by continuing to open new stores, introducing regional sizing, enhancing product offerings and other initiatives targeted at local market needs. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We have entered into an agreement to acquire Tommy Hilfiger’s licensee’s business in China in the second half of 2011 (as part of a joint venture with the former shareholders of Tommy Hilfiger and a third party). This transaction should put us in a better position to support the development and expansion of the business in this important market where we believe there are many opportunities for growth. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We intend to continue a balanced strategy, acquiring licensees, distributors and franchisees where we believe we can achieve greater scale and success compared to our partners, while at the same time licensing businesses for product categories and markets when we believe experienced and/or local partners provide the best opportunity for success. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Calvin Klein Collection.  The principal growth opportunity for our “halo” brand is to broaden the current distribution through the continued opening of freestanding stores operated throughout the world by our experienced retail partners, as well as through expanded distribution by our wholesale men’s and women’s high-end collection apparel and accessories business within premier department stores and specialty stores in both the United States and overseas. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | ck Calvin Klein.  Our “bridge” brand, ck Calvin Klein, provides significant growth opportunities, particularly in Europe and Asia, where apparel and accessories are more traditionally sold in the upper-moderate to upper “bridge” price range. Specific growth opportunities include: |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Broadening distribution of apparel and accessories through continued expansion in key markets such as Southeast Asia, China and Japan, as well as Europe and the Middle East. ck Calvin Klein apparel and accessories were available in Europe, Asia and Japan, as well as in approximately 80 freestanding ck Calvin Klein stores in Asia-Pacific (excluding Japan), Europe and the Middle East at the end of 2010. We currently expect that additional freestanding ck Calvin Klein stores will be opened by licensees by the end of 2011; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Expansion of the watch and jewelry lines worldwide; and |
|--------------------|--------------------------------------------------------------|

| ·   | Introduction of additional ck Calvin Klein fragrances, such as the men’s and women’s ckIN2U (Spring 2007) and ckFree (Fall 2009), which have contributed to the growth of the ck Calvin Klein brand globally. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Calvin Klein.  We believe that the Calvin Klein white label “better” brand presents the largest growth opportunity, particularly in the United States, Canada and Mexico. Growth opportunities for this brand include: |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Continued expansion of our men’s sportswear business; |
|--------------------|-------------------------------------------------------------|

| ·   | Continued development of the licensed lines of men’s and women’s footwear, handbags, women’s sportswear, women’s suits, dresses, women’s swimwear and men’s outerwear; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Introduction and growth of new fragrance offerings and brand extensions, such as Secret Obsession (Fall 2008) and Calvin Klein Beauty (Fall 2010) fragrances; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Introduction and growth of new underwear brand extensions, such as the women’s Seductive Comfort (Fall 2008), men’s and women’s Black & White (Spring 2009), men’s X (Spring 2010) and women’s Envy (Fall 2010) lines; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Introduction and growth of new jeanswear extensions, such as the men’s and women’s Body (Fall 2009) lines; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Pursuit of additional licensing opportunities for new product lines, such as the introduction of a women’s performance line (Spring 2008) and two furniture lines, Calvin Klein Home (January 2009) and The Curator Collection By Calvin Klein Home (Fall 2009). |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Continue to strengthen the competitive position and image of our current brand portfolio.  We intend for each of our brands to be a leader in its respective market segment, with strong consumer awareness and loyalty. We believe that our brands are successful because we have positioned each one to target distinct consumer demographics and tastes. We will continue to design and market our branded products to complement each other, satisfy lifestyle needs, emphasize product features important to our target consumers and increase consumer loyalty. We will seek to increase our market share in our businesses by expanding our presence through product extensions and increased floor space. We are also committed to investing in our brands through advertising and other means to maintain strong customer recognition of our brands. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Continue to build our brand portfolio through acquisition and licensing opportunities.  While we believe we have an attractive and diverse portfolio of brands with growth potential, we will also continue to explore acquisitions of companies or trademarks and licensing opportunities that we believe are additive to our overall business. New license opportunities allow us to fill new product and brand portfolio needs. We take a disciplined approach to acquisitions, seeking brands with broad consumer recognition that we can grow profitably and expand by leveraging our infrastructure and core competencies and, where appropriate, by extending the brand through licensing. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Pursue international growth.  We intend to expand the international distribution of our brands. To date, we have done so principally through licensing. Following the Tommy Hilfiger acquisition, we also intend to do so through exploring opportunities to develop larger European businesses for our heritage brands under the leadership of the Tommy Hilfiger European management team. During the third quarter of 2010 we announced the formation of PVH Europe, a division managed by a team of Tommy Hilfiger executives and dedicated staff based in Amsterdam. The division has been formed to exploit international opportunities for our heritage brands. Its first endeavor will be operating the ARROW business in parts of Europe commencing with the Fall 2011 collection. We have approximately 40 license agreements, covering approximately 120 territories outside of the United States to use our heritage brands in numerous product categories, including apparel, accessories, footwear, soft home goods and fragrances. We also conduct international business directly, selling dress furnishings and sportswear products to department and specialty stores throughout Canada. We believe that our strong brand portfolio and broad product offerings enable us to seek additional growth opportunities in geographic areas where we believe we are underpenetrated, such as Europe and Asia. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name               |   | Age    |   | Position |
|--------------------|--------|--------|--------|----------|
| Emanuel Chirico    |   |   | 53     |     | Chairman and Chief Executive Officer |
| Allen E. Sirkin    |   |   | 68     |     | President and Chief Operating Officer |
| Michael A. Shaffer |   |   | 48     |     | Executive Vice President and Chief Financial Officer |
| Francis K. Duane   |   |   | 54     |     | Vice Chairman, Wholesale Apparel |
| Paul Thomas Murry  |   |   | 60     |     | President and Chief Executive Officer, Calvin Klein |
| Fred Gehring       |   |   | 56     |     | Chief Executive Officer of Tommy Hilfiger and International Operations of the Company |

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| ·   | continue to maintain and enhance the distinctive brand identity of the Calvin Klein and Tommy Hilfiger brands; |
|--------------------|----------------------------------------------------------------------------------------------------------------|

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|    |   |
|--------------|--------|

| ·   | retain key employees at our Calvin Klein and Tommy Hilfiger businesses; |
|--------------------|-------------------------------------------------------------------------|

| ·   | continue to maintain good working relationships with Calvin Klein’s and Tommy Hilfiger’s licensees; |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| ·   | continue to enter into new (or renew or extend existing) licensing agreements for the Calvin Klein and Tommy Hilfiger brands, both domestically and internationally; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | continue to strengthen and expand the Tommy Hilfiger business. |
|--------------------|----------------------------------------------------------------|

| ·   | requiring a substantial portion of our cash flows from operations be used for the payment of interest on our debt, thereby reducing the funds available to us for our operations or other capital needs; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | limiting our flexibility in planning for, or reacting to, changes in our business and the industry in which we operate because our available cash flow after paying principal and interest on our debt may not be sufficient to make the capital and other expenditures necessary to address these changes; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | increasing our vulnerability to general adverse economic and industry conditions because, during periods in which we experience lower earnings and cash flow, we will be required to devote a proportionally greater amount of our cash flow to paying principal and interest on our debt; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | limiting our ability to obtain additional financing in the future to fund working capital, capital expenditures, acquisitions, contributions to our pension plans and general corporate requirements; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | placing us at a competitive disadvantage to other relatively less leveraged competitors that have more cash flow available to fund working capital, capital expenditures, contributions to pension plans and general corporate requirements; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | political or labor instability in countries where contractors and suppliers are located; |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | political or military conflict involving the United States, which could cause a delay in the transportation of our products and raw materials to us and an increase in transportation costs; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | heightened terrorism security concerns, which could subject imported or exported goods to additional, more frequent or more thorough inspections, leading to delays in deliveries or impoundment of goods for extended periods or could result in decreased scrutiny by customs officials for counterfeit goods, leading to lost sales, increased costs for our anti-counterfeiting measures and damage to the reputation of our brands; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a significant decrease in availability or increase in cost of raw materials or the inability to use raw materials produced in a country that is a major provider due to political, human rights, labor, environmental, animal cruelty or other concerns; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a significant decrease in factory and shipping capacity; |
|--------------------|----------------------------------------------------------|

| ·   | a significant increase in wage and shipping costs; |
|--------------------|----------------------------------------------------|

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|    |   |
|--------------|--------|

| ·   | disease epidemics and health-related concerns, which could result in closed factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the migration and development of manufacturers, which could affect where our products are or are planned to be produced; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------|

| ·   | imposition of regulations, quotas and safeguards relating to imports and our ability to adjust timely to changes in trade regulations, which, among other things, could limit our ability to produce products in cost-effective countries that have the labor and expertise needed; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | imposition of duties, taxes and other charges on imports; |
|--------------------|-----------------------------------------------------------|

| ·   | significant fluctuation of the value of the United States dollar against foreign currencies; and |
|--------------------|--------------------------------------------------------------------------------------------------|

| ·   | restrictions on transfers of funds out of countries where our foreign licensees are located. |
|--------------------|----------------------------------------------------------------------------------------------|

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| ·   | the location of the mall or the location of a particular store within the mall; |
|--------------------|---------------------------------------------------------------------------------|

| ·   | the other tenants occupying space at the mall; |
|--------------------|------------------------------------------------|

| ·   | increased competition in areas where the outlet malls are located; and |
|--------------------|------------------------------------------------------------------------|

| ·   | the amount of advertising and promotional dollars spent on attracting consumers to the malls. |
|--------------------|-----------------------------------------------------------------------------------------------|

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| ·   | anticipating and responding to changing consumer tastes and demands in a timely manner and developing attractive, quality products; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------|

| ·   | maintaining favorable brand recognition; |
|--------------------|------------------------------------------|

| ·   | appropriately pricing products and creating an acceptable value proposition for customers; |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | providing strong and effective marketing support; |
|--------------------|---------------------------------------------------|

| ·   | ensuring product availability and optimizing supply chain efficiencies with third party manufacturers and retailers; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------|

| ·   | obtaining sufficient retail floor space and effective presentation of our products at retail. |
|--------------------|-----------------------------------------------------------------------------------------------|

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| ·   | delays or difficulties in completing the integration of acquired companies or assets; |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | higher than expected costs, lower than expected cost savings and/or a need to allocate resources to manage unexpected operating difficulties; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | diversion of the attention and resources of management; |
|--------------------|---------------------------------------------------------|

| ·   | consumers’ failure to accept product offerings by us or our licensees; |
|--------------------|------------------------------------------------------------------------------|

| ·   | inability to retain key employees in acquired companies; and |
|--------------------|--------------------------------------------------------------|

| ·   | assumption of liabilities unrecognized in due diligence. |
|--------------------|----------------------------------------------------------|

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| Location                       | Use                                                                  | OwnershipStatus |   | ApproximateArea inSquare Feet |    |
|--------------------------------|----------------------------------------------------------------------|-----------------|--------|-------------------------------|---------|
| New York, New York             | Corporate, apparel and footwear administrative offices and showrooms | Leased          |   |                          | 209,000 |   |
| New York, New York             | Calvin Klein administrative offices and showrooms                    | Leased          |   |                          | 183,000 |   |
| Bridgewater, New Jersey        | Corporate, finance and retail administrative offices                 | Leased          |   |                          | 224,000 |   |
| New York, New York             | Tommy Hilfiger administrative offices and showrooms                  | Leased          |   |                          | 330,000 |   |
| Los Angeles, California        | Warehouse and neckwear manufacturing facility                        | Leased          |   |                          | 200,000 |   |
| McDonough, Georgia             | Warehouse and distribution center                                    | Leased          |   |                          | 851,000 |   |
| Jonesville, North Carolina     | Warehouse and distribution center                                    | Owned           |   |                          | 747,000 |   |
| Austell, Georgia               | Warehouse and distribution center                                    | Leased          |   |                          | 562,000 |   |
| Chattanooga, Tennessee         | Warehouse and distribution center                                    | Owned           |   |                          | 451,000 |   |
| Reading, Pennsylvania          | Warehouse and distribution center                                    | Owned           |   |                          | 410,000 |   |
| Brinkley, Arkansas             | Warehouse and distribution center                                    | Owned           |   |                          | 112,000 |   |
| Hong Kong, China               | Corporate administrative offices                                     | Leased          |   |                          | 74,000  |   |
| Trento, Italy                  | Calvin Klein administrative offices and warehouse                    | Leased          |   |                          | 42,000  |   |
| Amsterdam, The Netherlands     | Tommy Hilfiger administrative offices, warehouse and showrooms       | Leased          |   |                          | 169,000 |   |
| Venlo/Tegelen, The Netherlands | Warehouse and distribution centers                                   | Leased          |   |                          | 780,000 |   |
| Dusseldorf, Germany            | Tommy Hilfiger showrooms                                             | Leased          |   |                          | 65,000  |   |
| Urayasu-shi, Japan             | Warehouse and distribution center                                    | Leased          |   |                          | 59,000  |   |

----

|             Period             |   | (a) Total Number of Shares (or Units) Purchased(1) |    |   | (b) Average Price Paidper Share(or Unit)(1) |   |    | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced  Plans or Programs |   |   | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the  Plans or Programs |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|---------|--------|---------------------------------------------|--------|---------|-------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                   |   |                                               |    |   |                                        |   |    |                                                                                                  |   |   |                                                                                                                              |   |
| November 1, 2010 -                                                                                                                                     |   |                                               |    |   |                                        |   |    |                                                                                                  |   |   |                                                                                                                              |   |
|    November 28, 2010                                                                                                                    |   |                                               | 37      |   |                                        | $      | 62.42   |                                                                                                  |   |   | -                                                                                                                                 |   |   |   | - |   |
|                                                                                                                                                   |   |                                               |    |   |                                        |   |    |                                                                                                  |   |   |                                                                                                                              |   |   |   |   |   |
| November 29, 2010 -                                                                                                                                    |   |                                               |    |   |                                        |   |    |                                                                                                  |   |   |                                                                                                                              |   |   |   |   |   |
|    January 2, 2011                                                                                                                      |   |                                               | -       |   |                                        |   | -       |                                                                                                  |   |   | -                                                                                                                                 |   |   |   | - |   |
|                                                                                                                                                   |   |                                               |    |   |                                        |   |    |                                                                                                  |   |   |                                                                                                                              |   |   |   |   |   |
| January 3, 2011 -                                                                                                                                      |   |                                               |    |   |                                        |   |    |                                                                                                  |   |   |                                                                                                                              |   |   |   |   |   |
|    January 30, 2011                                                                                                                     |   |                                               | -  |   |                                        |   | -  |                                                                                                  |   |   | -                                                                                                                                 |   |   |   | -     |   |
|                                                                                                                                                   |   |                                               |    |   |                                        |   |    |                                                                                                  |   |   |                                                                                                                              |   |   |   |   |   |
| Total                                                                                                                                                  |   |                                               | 37      |   |                                        | $      | 62.42   |                                                                                                  |   |   | -                                                                                                                                 |   |   |   | -  |   |

----

|   Value of $100.00 invested after 5 years:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |
| Our Common Stock                                                                                          |   | $      | 166.19 |   |
| Russell Midcap Index                                                                                      |   | $      | 121.15 |   |
| S&P 500 Apparel, Accessories & Luxury Goods Index                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $      | 125.05 |   |
| S&P 400 Apparel, Accessories & Luxury Goods Index                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $      | 192.14 |   |

----

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2010   |    |   | 2009   |   |    | 2008   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
| (dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |    |   |   |   |    |   |   |
| Net sales                                                                                                                  |   | $      | 4,219.7 |   |   | $      | 2,070.8 |   |   | $ | 2,160.7 |   |
| Royalty revenue                                                                                                            |   |   | 309.6   |   |   |   | 242.0   |   |   |   | 236.6 |   |
| Advertising and other revenue                                                                                              |   |   | 107.5   |   |   |   | 86.0    |   |   |   | 94.7 |   |
| Total revenue                                                                                                              |   |   | 4,636.8 |   |   |   | 2,398.7 |   |   |   | 2,491.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Gross profit                                                                                                               |   |   | 2,422.0 |   |   |   | 1,182.6 |   |   |   | 1,200.7 |   |
| % of total revenue                                                                                                         |   |   | 52.2    | %      |   |   | 49.3    | %      |   |   | 48.2 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Selling, general and administrative expenses                                                                               |   |   | 2,071.4 |   |   |   | 938.8   |   |   |   | 1,028.8 |   |
| % of total revenue                                                                                                         |   |   | 44.7    | %      |   |   | 39.1    | %      |   |   | 41.3 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Debt extinguishment costs                                                                                                  |   |   | 6.7     |   |   |   | -       |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Other loss                                                                                                                 |   |   | 140.5   |   |   |   | -       |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Gain on sale of investments                                                                                                |   |   | -  |   |   |   | -  |   |   |   | 1.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Income before interest and taxes                                                                                           |   |   | 203.4   |   |   |   | 243.8   |   |   |   | 173.7 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Interest expense                                                                                                           |   |   | 128.6   |   |   |   | 33.5    |   |   |   | 33.6 |   |
| Interest income                                                                                                            |   |   | 1.7     |   |   |   | 1.3     |   |   |   | 6.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Income before taxes                                                                                                        |   |   | 76.6    |   |   |   | 211.6   |   |   |   | 146.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Income tax expense                                                                                                         |   |   | 22.8    |   |   |   | 49.7    |   |   |   | 54.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Net income                                                                                                                 |   | $      | 53.8    |   |   | $      | 161.9   |   |   | $ | 91.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |

| ·   | The addition of $889.6 million and $1,007.8 million of net sales attributable to our Tommy Hilfiger North America and Tommy Hilfiger International segments, respectively, as a result of the acquisition of Tommy Hilfiger early in the second quarter of 2010. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The addition of $129.4 million of combined net sales attributable to growth in our Heritage Brand Wholesale Dress Furnishings and Heritage Brand Wholesale Sportswear segments resulting from better performance across almost all brands, with Van Heusen performing particularly well. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The addition of $88.0 million of net sales attributable to growth in our Other (Calvin Klein Apparel) segment, which is comprised of our Calvin Klein dress furnishings, sportswear and outlet retail divisions, as both our Calvin Klein wholesale and retail divisions exhibited strong growth during 2010. Comparable store sales in our Calvin Klein outlet retail business increased 13% in 2010. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The addition of $28.6 million of net sales attributable to growth in our Heritage Brand Retail segment. This was principally driven by an overall comparable store sales increase of 8%. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The addition of $5.6 million of net sales attributable to growth in our Calvin Klein Licensing segment. |
|--------------------|---------------------------------------------------------------------------------------------------------|

----

| ·   | The net reduction of $82.6 million of net sales in our Heritage Brand Retail segment, comprised of (i) a $94.9 million reduction in net sales associated with our closing in 2008 of our Geoffrey Beene outlet retail division; and (ii) the addition of $12.3 million of net sales attributable to growth associated with our ongoing retail businesses, which was primarily driven by an overall comparable store sales increase of 2%. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The reduction of $28.6 million of net sales attributable to a decline in our Heritage Brand Wholesale Sportswear segment resulting from the economic slowdown, which occurred late in 2008 and continued into the first half of 2009, and the resulting reduction of sales to our department store customers. This decrease was partially offset by additional sales associated with our new Timberland men’s sportswear line, which was launched in the second quarter of 2008. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The addition of $13.0 million of net sales attributable to growth in our Other (Calvin Klein Apparel) segment, which is comprised of our Calvin Klein dress furnishings, sportswear and outlet retail divisions. This was primarily driven by the addition of sales attributable to the conversion of a limited number of Geoffrey Beene outlet retail stores to the Calvin Klein outlet retail format. This increase was partially offset by declines in our Calvin Klein dress furnishings and sportswear divisions resulting from the economic slowdown discussed above. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The addition of $9.0 million of net sales attributable to growth in our Heritage Brand Wholesale Dress Furnishings segment. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2010   |   |   | 2009   |   |   | 2008   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Components of revenue:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |
| Net sales                                                                                                                                   |   |   | 91.0   | %      |   |   | 86.3   | %      |   |   | 86.7 | % |
| Royalty, advertising and other revenue                                                                                                      |   |   | 9.0    | %      |   |   | 13.7   | %      |   |   | 13.3 | % |
| Total                                                                                                                                       |   |   | 100.0  | %      |   |   | 100.0  | %      |   |   | 100.0 | % |
| Gross profit as a % of total revenue                                                                               |   |   | 52.2   | %      |   |   | 49.3   | %      |   |   | 48.2 | % |

| ·   | A reduction of 100 basis points, attributable to $47.1 million of charges that were recorded in 2010 as a result of the Tommy Hilfiger acquisition, principally related to short-lived non-cash valuation amortization. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | An increase of 390 basis points over the prior year, principally due to the net impact of (i) an increase due to Tommy Hilfiger’s large international presence, as international apparel businesses typically have higher gross margin percentages than domestic apparel businesses; (ii) an increase due to Tommy Hilfiger’s North America operations, the majority of which consists of its retail business, and retail businesses typically have higher gross margin percentages than wholesale businesses; and (iii) a decrease due to a change in revenue mix, as royalty, advertising and other revenue, which does not carry a cost of sales and has a gross profit percentage of 100%, decreased as a percentage of total revenue. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | An increase of 70 basis points due principally to decreased promotional selling during 2009 as compared to 2008 due to strong performance across all of our businesses. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | An increase of 20 basis points due to the absence of inventory liquidation markdowns which occurred during 2008 associated with the closure of our Geoffrey Beene outlet retail division. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | An increase of 20 basis points due principally to a change in revenue mix, as royalty, advertising and other revenue, which does not carry a cost of sales and has a gross profit percentage of 100%, increased as a percentage of total revenue. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2010   |    |   | 2009   |   |   | 2008   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|--------|
| (dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |    |   |   |   |   |   |   |
| SG&A expenses                                                                              |   | $      | 2,071.4 |   |   | $      | 938.8  |   |   | $ | 1,028.8 |   |
| % of total revenue                                                                             |   |   | 44.7    | %      |   |   | 39.1   | %      |   |   | 41.3 | % |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2010   |   |   | 2009   |   |   | 2008   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| (dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                                  |   | $      | 22.8   |   |   | $      | 49.7   |   |   | $ | 54.5 |   |
| Income tax expense as a % of pre-tax income                                                                                                                                                                                                                                                                                                                                                                              |   |   | 29.7   | %      |   |   | 23.5   | %      |   |   | 37.3 | % |

----

----

| (in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|
| Short-term borrowings                                                                                                      |   | $      | 4.9     |   |
| Long-term debt                                                                                                             |   |   | 2,364.0 |   |
| Stockholders’ equity                                                                                                 |   |   | 2,442.6 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Term Loan |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      | A  |       |   |   | B  |       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| Amended and restated borrowings on March 2, 2011, based on the applicable exchange rate at that date                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $         | 759,804 |   |   | $ | 759,411 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| Percentage required to be repaid for the annual period ending May 6:                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| 2012                                                                                      |   |      | 5       | % |   |   | 1 | % |
| 2013                                                                                      |   |      | 10      | % |   |   | 1 | % |
| 2014                                                                                      |   |      | 15      | % |   |   | 1 | % |
| 2015                                                                                      |   |      | 25      | % |   |   | 1 | % |
| 2016                                                                                      |   |      | 45      | % |   |   | 96 | % |

----

| ·   | incur or guarantee additional debt or extend credit; |
|--------------------|------------------------------------------------------|

| ·   | make restricted payments, including paying dividends or making distributions on, or redeeming or repurchasing, our capital stock or certain debt; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | make acquisitions and investments; |
|--------------------|------------------------------------|

| ·   | dispose of assets; |
|--------------------|--------------------|

| ·   | engage in transactions with affiliates; |
|--------------------|-----------------------------------------|

| ·   | enter into agreements restricting our subsidiaries’ ability to pay dividends; |
|--------------------|-------------------------------------------------------------------------------------|

| ·   | create liens on our assets or engage in sale/leaseback transactions; and |
|--------------------|--------------------------------------------------------------------------|

| ·   | effect a consolidation or merger, or sell, transfer, lease all or substantially all of our assets. |
|--------------------|----------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | Payments Due by Period |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|
| Description                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | TotalObligations       |   |   | 2011 |   |   |   | 2012-2013 |   |   |   | 2014-2015 |   |   | Thereafter |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (in millions)          |
| Long-term debt(1)                                                                                            |   | $                      | 2,364.4 |   |   | $ | - |   |   | $ | 147.6 |   |   | $ | 290.2 |   |   | $ | 1,926.6 |   |
| Interest payments on long-term debt(1)                                                                       |   |                   | 910.3 |   |   |   | 136.3 |   |   |   | 258.8 |   |   |   | 234.5 |   |   |   | 280.7 |   |
| Short-term borrowings(1)                                                                                     |   |                   | 4.9 |   |   |   | 4.9 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Operating and capital leases(2)                                                                              |   |                   | 1,703.2 |   |   |   | 275.9 |   |   |   | 457.9 |   |   |   | 346.5 |   |   |   | 622.9 |   |
| Inventory purchase commitments(3)                                                                            |   |                   | 811.5 |   |   |   | 811.5 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Minimum contractual royalty payments(4)                                                                      |   |                   | 66.0 |   |   |   | 20.9 |   |   |   | 31.6 |   |   |   | 9.2 |   |   |   | 4.3 |   |
| Non-qualified supplemental defined benefit plan(5)                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   | 32.8 |   |   |   | 2.3 |   |   |   | 5.4 |   |   |   | 5.7 |   |   |   | 19.4 |   |
| Severance payments(6)                                                                                        |   |                   | 17.1 |   |   |   | 16.1 |   |   |   | 1.0 |   |   |   | - |   |   |   | - |   |
| Sponsorship payments(7)                                                                                      |   |                   | 46.9 |   |   |   | 12.2 |   |   |   | 19.8 |   |   |   | 13.7 |   |   |   | 1.2 |   |
| Other contractual obligations(8)                                                                             |   |                   | 25.5 |   |   |   | 9.6 |   |   |   | 8.4 |   |   |   | 7.5 |   |   |   | - |   |
| Total contractual cash obligations                                                                           |   | $                      | 5,982.6 |   |   | $ | 1,289.7 |   |   | $ | 930.5 |   |   | $ | 907.3 |   |   | $ | 2,855.1 |   |

| (1) | At January 30, 2011 we have outstanding $437.8 million of senior secured term loan A facility and $1,226.6 million of senior secured term loan B facility maturing between May 6, 2011 and May 6, 2016 (according to a mandatory repayment schedule and prior to the amendment and restatement of the senior secured term loan facility as discussed above), $600.0 million of 7 3/8% senior unsecured notes due May 15, 2020, $100.0 million of 7 3/4% debentures due November 15, 2023 and $4.9 million of short-term borrowings under our overdraft facility with a Japanese bank. We made voluntary payments on the senior secured term loans during 2010 and are therefore not required to make any mandatory repayments until 2012 under the agreement in effect at January 30, 2011. Our amended and restated senior secured credit facility requires that we make mandatory repayments as discussed above under the subheading “Senior Secured Credit Facility.” Interest on the senior secured term loans is payable quarterly and interest on the senior unsecured notes and debentures is payable semi-annually. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes retail store, warehouse, showroom, office and equipment operating leases, as well as capital leases. Retail store operating leases generally provide for payment of direct operating costs in addition to rent. The obligation amounts listed include future minimum lease payments and exclude such direct operating costs. Please refer to Note 14, “Leases,” in the Notes to Consolidated Financial Statements included in Item 8 of this report for further information. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Represents contractual commitments for goods on order and not received or paid for as of January 30, 2011. Substantially all of these goods are expected to be received and the related payments are expected to be made within six months of our fiscal year end. This amount does not include foreign currency exchange forward contracts that we have entered into to manage our exposure to exchange rate changes with respect to certain of these purchases. Please refer to Note 9, “Derivative Financial Instruments,” in the Notes to Consolidated Financial Statements included in Item 8 of this report for further information. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Our minimum contractual royalty payments arise under numerous license agreements we have with third parties, each of which has different royalty rates and terms. Agreements typically require us to make minimum payments to the licensors of the licensed trademarks based on expected or required minimum levels of sales of licensed products, as well as additional royalty payments when our sales exceed such minimum sales. Certain of our license agreements require that we pay a specified percentage of net sales to the licensor for advertising and promotion of the licensed products, with no minimum amount required to be paid. These amounts, as well as any advertising spending requirements, are excluded from the minimum contractual royalty payments shown in the table. There is no guarantee that we will exceed the minimum payments under any of these license agreements. However, given our projected sales levels for products covered under |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | these agreements, we currently anticipate that future payments required under our license agreements on an aggregate basis will exceed the contractual minimums shown in the table. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | We have an unfunded non-qualified supplemental defined benefit plan covering four current and 16 retired executives under which the participants will receive a predetermined amount during the 10 years following the attainment of age 65, provided that prior to the termination of employment with us, the participant has been in such plan for at least 10 years and has attained age 55. In addition, as a result of our acquisition of Tommy Hilfiger, we also have for certain members of Tommy Hilfiger’s domestic senior management a supplemental executive retirement plan, which is a non-qualified unfunded supplemental defined benefit pension plan. Such plan is frozen and, as a result, participants do not accrue additional benefits. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Represents severance payment obligations primarily related to the acquisition and integration of Tommy Hilfiger. |
|-----|------------------------------------------------------------------------------------------------------------------|

| (7) | Represents payment obligations for sponsorships, including our sponsorship of the Indy Racing League. We entered into agreements for our IZOD brand to be the title sponsor of the newly re-named IZOD IndyCar Series and the official apparel partner of the Indy Racing League and the Indianapolis Motor Speedway. These amounts also include payment obligations relating to our Van Heusen brand’s sponsorship of the Van Heusen Pro Football Hall of Fame Fan’s Choice, obligations related to our naming rights for the IZOD Center sports and entertainment arena, sponsorships of certain professional sports teams and other similar sponsorships. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Represents fixed amounts payable in connection with Tommy Hilfiger’s acquisition of a licensee’s business in Japan prior to our acquisition of Tommy Hilfiger, which obligations we assumed as of the effective date of our acquisition of Tommy Hilfiger. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

| (a)(1) | See page F-1 for a listing of the consolidated financial statements included in Item 8 of this report.     |
|--------|-----------------------------------------------------------------------------------------------------------------|
| (a)(2) | See page F-1 for a listing of consolidated financial statement schedules submitted as part of this report. |
| (a)(3) | The following exhibits are included in this report:                                                             |

| Exhibit Number |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1       | Stock Purchase Agreement, dated December 17, 2002, among Phillips-Van Heusen Corporation, Calvin Klein, Inc., Calvin Klein (Europe), Inc., Calvin Klein (Europe II) Corp., Calvin Klein Europe S.r.l., CK Service Corp., Calvin Klein, Barry Schwartz, Trust for the Benefit of the Issue of Calvin Klein, Trust for the Benefit of the Issue of Barry Schwartz, Stephanie Schwartz-Ferdman and Jonathan Schwartz (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed on December 20, 2002). The registrant agrees to furnish supplementally a copy of any omitted schedules to the Commission upon request. |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 2.2       | Purchase Agreement, dated as of March 15, 2010, by and among Tommy Hilfiger Corporation, Tommy Hilfiger B.V., Tommy Hilfiger Holding S.á.r.l, Stichting Administratiekantoor Elmira, Phillips-Van Heusen Corporation, Prince 2 B.V. and, solely for the purpose of certain sections thereof, Asian and Western Classics B.V. (incorporated by reference to Exhibit 2.1 to the Company’s Quarterly Report on Form 10-Q, filed June 10, 2010).                                                                                                                                                                                 |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.1       | Certificate of Incorporation (incorporated by reference to Exhibit 5 to our Annual Report on Form 10-K for the fiscal year ended January 29, 1977).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.2       | Amendment to Certificate of Incorporation, filed June 27, 1984 (incorporated by reference to Exhibit 3B to our Annual Report on Form 10-K for the fiscal year ended February 3, 1985).                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.3       | Certificate of Designation of Series A Cumulative Participating Preferred Stock, filed June 10, 1986 (incorporated by reference to Exhibit A of the document filed as Exhibit 3 to our Quarterly Report on Form 10-Q for the period ended May 4, 1986).                                                                                                                                                                                                                                                                                                                                                                                      |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.4       | Amendment to Certificate of Incorporation, filed June 2, 1987 (incorporated by reference to Exhibit 3(c) to our Annual Report on Form 10-K for the fiscal year ended January 31, 1988).                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.5       | Amendment to Certificate of Incorporation, filed June 1, 1993 (incorporated by reference to Exhibit 3.5 to our Annual Report on Form 10-K for the fiscal year ended January 30, 1994).                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.6       | Amendment to Certificate of Incorporation, filed June 20, 1996 (incorporated by reference to Exhibit 3.1 to our Quarterly Report on Form 10-Q for the period ended July 28, 1996).                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.7       | Certificate of Designations, Preferences and Rights of Series B Convertible Preferred Stock of Phillips-Van Heusen Corporation (incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K, filed on February 26, 2003).                                                                                                                                                                                                                                                                                                                                                                                                     |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.8       | Corrected Certificate of Designations, Preferences and Rights of Series B Convertible Preferred Stock of Phillips-Van Heusen Corporation, dated April 17, 2003 (incorporated by reference to Exhibit 3.9 to our Annual Report on Form 10-K for the fiscal year ended February 2, 2003).                                                                                                                                                                                                                                                                                                                                                      |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.9       | Certificate of Amendment of Certificate of Incorporation, filed June 29, 2006 (incorporated by reference to Exhibit 3.9 to our Quarterly Report on Form 10-Q for the period ended May 6, 2007).                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.10      | Certificate Eliminating Reference to Series B Convertible Preferred Stock from Certificate of Incorporation of Phillips-Van Heusen Corporation, filed June 12, 2007 (incorporated by reference to Exhibit 3.10 to our Quarterly Report on Form 10-Q for the period ended May 6, 2007).                                                                                                                                                                                                                                                                                                                                                       |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.11      | Certificate Eliminating Reference To Series A Cumulative Participating Preferred Stock From Certificate of Incorporation (incorporated by reference to Exhibit 3.2 to our Current Report on Form 8-K, filed on September 28, 2007).                                                                                                                                                                                                                                                                                                                                                                                                          |
|                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.12      | Certificate of Designations of Series A Convertible Preferred Stock of Phillips-Van Heusen Corporation (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed May 12, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                     |

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| 3.13   | By-Laws of Phillips-Van Heusen Corporation, as amended through April 30, 2009 (incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K, filed on May 5, 2009).                                                                                                                                                                                                                                                                 |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.1         | Specimen of Common Stock certificate (incorporated by reference to Exhibit 4 to our Annual Report on Form 10-K for the fiscal year ended January 31, 1981).                                                                                                                                                                                                                                                                                       |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.2         | Indenture, dated as of November 1, 1993, between Phillips-Van Heusen Corporation and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.01 to our Registration Statement on Form S-3 (Reg. No. 33-50751) filed on October 26, 1993).                                                                                                                                                                                        |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.3         | First Supplemental Indenture, dated as of October 17, 2002 to Indenture dated as of November 1, 1993 between Phillips-Van Heusen Corporation and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.15 to our Quarterly Report on Form 10-Q for the period ended November 3, 2002).                                                                                                                                         |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.4         | Second Supplemental Indenture, dated as of February 12, 2002 to Indenture, dated as of November 1, 1993, between Phillips-Van Heusen Corporation and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K, filed on February 26, 2003).                                                                                                                                                   |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.5    | Third Supplemental Indenture, dated as of May 6, 2010, between Phillips-Van Heusen Corporation and The Bank of New York Mellon (formerly known as The Bank of New York), as Trustee (incorporated by reference to Exhibit 4.16 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).                                                                                                                         |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.6         | Securities Purchase Agreement, dated as of March 15, 2010, by and among Phillips-Van Heusen Corporation, LNK Partners, L.P. and LNK Partners (Parallel), L.P. (incorporated by reference to Exhibit 4.10 to the Company’s Quarterly Report on Form 10-Q for the period ended May 2, 2010).                                                                                                                                                  |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.7         | Securities Purchase Agreement, dated as of March 15, 2010, by and between Phillips-Van Heusen Corporation and MSD Brand Investments, LLC (incorporated by reference to Exhibit 4.11 to the Company’s Quarterly Report on Form 10-Q for the period ended May 2, 2010).                                                                                                                                                                       |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.8         | Stockholders Agreement, dated as of May 6, 2010, by and among Phillips-Van Heusen Corporation, Tommy Hilfiger Holding S.a.r.l, Stichting Administratiekantoor Elmira, Apax Europe VI-A, L.P., Apax Europe VI-1, L.P. and Apax US VII, L.P. (incorporated by reference to Exhibit 4.11 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).                                                                  |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.9    | Amendment to Stockholders Agreement, dated as of June 8, 2010 to Stockholders Agreement, dated as of May 6, 2010, by and among Phillips-Van Heusen Corporation, Tommy Hilfiger Holding S.a.r.l, Stichting Administratiekantoor Elmira, Apax Europe VI-A, L.P., Apax Europe VI-1, L.P. and Apax US VII, L.P. (incorporated by reference to Exhibit 4.12 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010). |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.10   | Stockholders Agreement, dated as of May 6, 2010, by and among Phillips-Van Heusen Corporation, LNK Partners, L.P. and LNK Partners (Parallel), L.P. (incorporated by reference to Exhibit 4.13 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).                                                                                                                                                         |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.11   | Stockholder Agreement, dated as of May 6, 2010, by and between Phillips-Van Heusen Corporation and MSD Brand Investments, LLC. (incorporated by reference to Exhibit 4.14 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).                                                                                                                                                                              |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.12   | Indenture, dated as of May 6, 2010, between Phillips-Van Heusen Corporation and U.S. Bank National Association, as Trustee (incorporated by reference to Exhibit 4.15 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).                                                                                                                                                                                  |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| *10.1       | Phillips-Van Heusen Corporation Capital Accumulation Plan (incorporated by reference to our Current Report on Form 8-K, filed on January 16, 1987).                                                                                                                                                                                                                                                                                               |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| *10.2       | Phillips-Van Heusen Corporation Amendment to Capital Accumulation Plan (incorporated by reference to Exhibit 10(n) to our Annual Report on Form 10-K for the fiscal year ended February 2, 1987).                                                                                                                                                                                                                                                 |
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| *10.3       | Form of Agreement amending Phillips-Van Heusen Corporation Capital Accumulation Plan with respect to individual participants (incorporated by reference to Exhibit 10(1) to our Annual Report on Form 10-K for the fiscal year ended January 31, 1988).                                                                                                                                                                                           |

----

| *10.4    | Form of Agreement amending Phillips-Van Heusen Corporation Capital Accumulation Plan with respect to individual participants (incorporated by reference to Exhibit 10.8 to our Quarterly Report on Form 10-Q for the period ended October 29, 1995).                                    |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|          |                                                                                                                                                                                                                                                                                    |
| *10.5    | Phillips-Van Heusen Corporation Supplemental Defined Benefit Plan, dated January 1, 1991, as amended and restated effective as of January 1, 2005 (incorporated by reference to Exhibit 10.3 to our Quarterly Report on Form 10-Q for the period ended November 4, 2007).               |
|          |                                                                                                                                                                                                                                                                                    |
| *10.6    | Phillips-Van Heusen Corporation Supplemental Savings Plan, effective as of January 1, 1991 and amended and restated effective as of January 1, 2005 (incorporated by reference to Exhibit 10.4 to our Quarterly Report on Form 10-Q for the period ended November 4, 2007).             |
|          |                                                                                                                                                                                                                                                                                    |
| *10.7    | Phillips-Van Heusen Corporation 1997 Stock Option Plan, effective as of April 29, 1997, as amended through September 21, 2006 (incorporated by reference to Exhibit 10.2 to our Quarterly Report on Form 10-Q for the period ended October 29, 2006).                                   |
|          |                                                                                                                                                                                                                                                                                    |
| *10.8    | Phillips-Van Heusen Corporation 1997 Stock Option Plan option certificate (incorporated by reference to Exhibit 10.11 to our Annual Report on Form 10-K for the fiscal year ended January 30, 2005).                                                                                    |
|          |                                                                                                                                                                                                                                                                                    |
| *10.9    | Phillips-Van Heusen Corporation 2000 Stock Option Plan, effective as of April 27, 2000, as amended through September 21, 2006 (incorporated by reference to Exhibit 10.3 to our Quarterly Report on Form 10-Q for the period ended October 29, 2006).                                   |
|          |                                                                                                                                                                                                                                                                                    |
| *10.10   | Phillips-Van Heusen Corporation 2000 Stock Option Plan option certificate (incorporated by reference to Exhibit 10.15 to our Annual Report on Form 10-K for the fiscal year ended January 30, 2005).                                                                                    |
|          |                                                                                                                                                                                                                                                                                    |
| *10.11   | Phillips-Van Heusen Corporation 2003 Stock Option Plan, effective as of May 1, 2003, as amended through September 21, 2006 (incorporated by reference to Exhibit 10.4 to our Quarterly Report on Form 10-Q for the period ended October 29, 2006).                                      |
|          |                                                                                                                                                                                                                                                                                    |
| *10.12   | Phillips-Van Heusen Corporation 2003 Stock Option Plan option certificate (incorporated by reference to Exhibit 10.19 to our Annual Report on Form 10-K for the fiscal year ended January 30, 2005).                                                                                    |
|          |                                                                                                                                                                                                                                                                                    |
| *10.13   | Second Amended and Restated Employment Agreement, dated as of December 23, 2008, between Phillips-Van Heusen Corporation and Emanuel Chirico (incorporated by reference to Exhibit 10.15 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                 |
|          |                                                                                                                                                                                                                                                                                    |
| *10.14   | Second Amended and Restated Employment Agreement, dated as of December 23, 2008, between Phillips-Van Heusen Corporation and Allen Sirkin (incorporated by reference to Exhibit 10.17 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                    |
|          |                                                                                                                                                                                                                                                                                    |
| *10.15   | Second Amended and Restated Employment Agreement, dated as of December 23, 2008, between Phillips-Van Heusen Corporation and Francis K. Duane (incorporated by reference to Exhibit 10.19 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                |
|          |                                                                                                                                                                                                                                                                                    |
| *10.16   | Second Amended and Restated Employment Agreement, dated as of December 23, 2008, between Phillips-Van Heusen Corporation and P. Thomas Murry (incorporated by reference to Exhibit 10.28 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                 |
|          |                                                                                                                                                                                                                                                                                    |
| *10.17   | Second Amended and Restated Employment Agreement, dated as of December 23, 2008, between Phillips-Van Heusen Corporation and Michael Shaffer (incorporated by reference to Exhibit 10.30 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                 |
|          |                                                                                                                                                                                                                                                                                    |
| 10.18    | Stock Purchase Agreement, dated as of December 20, 2005, by and among Warnaco, Inc., Fingen Apparel N.V., Fingen S.p.A., Euro Cormar S.p.A. and Calvin Klein, Inc. (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed on December 22, 2005).           |
|          |                                                                                                                                                                                                                                                                                    |
| *10.19   | Phillips-Van Heusen Corporation Performance Incentive Bonus Plan, as amended and restated effective October 18, 2010, (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed on October 21, 2010).                                                         |
|          |                                                                                                                                                                                                                                                                                    |
| *10.20   | Phillips-Van Heusen Corporation Long-Term Incentive Plan, as amended and restated effective April 30, 2009, giving effect to provisions approved by stockholders on June 25, 2009 (incorporated by reference to Exhibit 10.3 to our Current Report on Form 8-K, filed on July 1, 2009). |

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| *10.21        | Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, as amended and restated effective June 25, 2009 (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed on July 1, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.22        | Form of Stock Option Agreement for Directors under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K, filed on June 16, 2006); Revised Form of Stock Option Agreement for Directors under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan (incorporated by reference to Exhibit 10.5 to our Quarterly Report on Form 10-Q for the period ended May 6, 2007).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.23         | Asset Purchase Agreement, dated October 11, 2006, among Phillips-Van Heusen Corporation, Superba, Inc. and A. Mervyn Mandelbaum (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K/A, filed on October 13, 2006).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.24        | Form of Stock Option Agreement for Associates under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed on April 11, 2007); Revised Form of Stock Option Agreement for Associates under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 to our Quarterly Report on Form 10-Q for the period ended May 6, 2007).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.25   | Form of Restricted Stock Unit Agreement for Associates under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K, filed on April 11, 2007); Revised Form of Restricted Stock Unit Agreement for Associates under the Phillips-Van Heusen Corporation 2006 Corporation Stock Incentive Plan (incorporated by reference to Exhibit 10.3 to our Quarterly Report on Form 10-Q for the period ended May 6, 2007); Revised Form of Restricted Stock Unit Award Agreement for Employees under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, effective as of July 1, 2008 (incorporated by reference to Exhibit 10.4 to our Quarterly Report on Form 10-Q for the period ended August 3, 2008); Revised Form of Restricted Stock Unit Award Agreement for Associates under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, effective as of September 24, 2008 (incorporated by reference to Exhibit 10.39 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009). |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.26   | Restricted Stock Unit Award Agreement, dated July 1, 2008, between Phillips-Van Heusen Corporation and Allen Sirkin (incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K, filed on July 3, 2008).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.27   | Form of Restricted Stock Unit Award Agreement for Special Grants to Allen Sirkin (incorporated by reference to Exhibit 10.38 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.28   | Form of Amendment to Outstanding Restricted Stock Unit Award Agreements with Associates under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, dated November 19, 2008 (incorporated by reference to Exhibit 10.40 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.29   | Form of Performance Share Award Agreement under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed on May 8, 2007); Revised Form of Performance Share Award Agreement under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, effective as of April 30, 2008 (incorporated by reference to Exhibit 10.2 to our Quarterly Report on Form 10-Q for the period ended May 4, 2008); Revised Form of Performance Share Award Agreement under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, effective as of December 16, 2008 (incorporated by reference to Exhibit 10.42 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                                                                                                                                                                                                                                                                                                                          |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.30   | Revised Form of Restricted Stock Unit Award Agreement for Directors under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, effective as of July 1, 2008 (incorporated by reference to Exhibit 10.5 to our Quarterly Report on Form 10-Q for the period ended August 3, 2008); Revised Form of Restricted Stock Unit Award Agreement for Directors under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, effective as of September 24, 2008 (incorporated by reference to Exhibit 10.45 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.31   | Form of Amendment to Outstanding Restricted Stock Unit Award Agreements with Directors under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, dated November 19, 2008 (incorporated by reference to Exhibit 10.46 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| *10.32   | Form of Restricted Stock Unit Agreement between Phillips-Van Heusen and Emanuel Chirico (incorporated by reference to Exhibit 10.4 to our Current Report on Form 8-K, filed on July 1, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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| 10.33    | Credit and Guaranty Agreement, dated as of May 6, 2010, among Phillips-Van Heusen Corporation, Tommy Hilfiger B.V., certain subsidiaries of Phillips-Van Heusen Corporation, Barclays Bank PLC as Administrative Agent and Collateral Agent, Barclays Capital as Joint Lead Arranger and Joint Lead Bookrunner, Deutsche Bank Securities Inc. as Joint Lead Arranger, Joint Lead Bookrunner and Syndication Agent, Banc of America Securities LLC as Joint Lead Bookrunner and Co-Documentation Agent, Credit Suisse Securities (USA) LLC as Joint Lead Bookrunner and Co-Documentation Agent, and RBC Capital Markets as Joint Lead Bookrunner and Co-Documentation Agent (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q/A for the period ended August 1, 2010 filed on October 29, 2010).***                                                 |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.34    | First Amendment to Credit and Guaranty Agreement, dated as of July 26, 2010 to Credit and Guaranty Agreement, dated as of May 6, 2010, among Phillips-Van Heusen Corporation, Tommy Hilfiger B.V., certain subsidiaries of Phillips-Van Heusen Corporation, Barclays Bank PLC as Administrative Agent and Collateral Agent, Barclays Capital as Joint Lead Arranger and Joint Lead Bookrunner, Deutsche Bank Securities Inc. as Joint Lead Arranger, Joint Lead Bookrunner and Syndication Agent, Banc of America Securities LLC as Joint Lead Bookrunner and Co-Documentation Agent, Credit Suisse Securities (USA) LLC as Joint Lead Bookrunner and Co-Documentation Agent, and RBC Capital Markets as Joint Lead Bookrunner and Co-Documentation Agent (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010). |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.35   | Revised Form of Restricted Stock Unit Award Agreement for Directors under the Phillips-Van Heusen Corporation 2006 Stock Incentive Plan, effective as of June 24, 2010 (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.36    | Schedule of Non-Management Directors’ Fees, effective June 24, 2010 (incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.37   | First Amendment to Second Amended and Restated Employment Agreement, dated as of January 29, 2010, between Phillips-Van Heusen Corporation and Emanuel Chirico (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the period ended May 2, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.38   | First Amendment to Second Amended and Restated Employment Agreement, dated as of January 29, 2010, between Phillips-Van Heusen Corporation and Allen Sirkin (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the period ended May 2, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.39   | First Amendment to Second Amended and Restated Employment Agreement, dated as of January 29, 2010, between Phillips-Van Heusen Corporation and Francis K. Duane (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the period ended May 2, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.40   | First Amendment to Second Amended and Restated Employment Agreement, dated as of January 29, 2010, between Calvin Klein, Inc. and Paul Thomas Murry (incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the period ended May 2, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.41   | Second Amendment to Second Amended and Restated Employment Agreement, dated as of May 27, 2010, between Phillips-Van Heusen Corporation and Emanuel Chirico (incorporated by reference to Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.42   | Second Amendment to Second Amended and Restated Employment Agreement, dated December 28, 2010, between Phillips-Van Heusen Corporation and Allen Sirkin (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed December 28, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.43   | Third Amendment to Second Amended and Restated Employment Agreement, dated January 28, 2011, between Phillips-Van Heusen Corporation and Emanuel Chirico (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed January 28, 2011).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.44   | First Amendment to Second Amended and Restated Employment Agreement, dated January 28, 2011, between Phillips-Van Heusen Corporation and Michael Shaffer (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed January 28, 2011).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| *10.45   | Second Amendment to Second Amended and Restated Employment Agreement, dated January 28, 2011, between Phillips-Van Heusen Corporation and Francis K. Duane (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K, filed January 28, 2011).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

----

| *10.46    | Second Amendment to Second Amended and Restated Employment Agreement, dated January 28, 2011, between Calvin Klein, Inc. and Paul Thomas Murry (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K, filed January 28, 2011). |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                |                                                                                                                                                                                                                                                                  |
| *+10.47   | Employment Agreement, dated as of May 6, 2010, between Tommy Hilfiger Group, B.V. and Fred Gehring.                                                                                                                                                                   |
|                |                                                                                                                                                                                                                                                                  |
| *+10.48   | Addendum to Employment Agreement, dated as of December 31, 2010, between Tommy Hilfiger Group, B.V. and Fred Gehring.                                                                                                                                                 |
|                |                                                                                                                                                                                                                                                                  |
| +21            | Phillips-Van Heusen Corporation Subsidiaries.                                                                                                                                                                                                                         |
|                |                                                                                                                                                                                                                                                                  |
| +23            | Consent of Independent Registered Public Accounting Firm.                                                                                                                                                                                                             |
|                |                                                                                                                                                                                                                                                                  |
| +31.1          | Certification of Emanuel Chirico, Chairman and Chief Executive Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002.                                                                                                                            |
|                |                                                                                                                                                                                                                                                                  |
| +31.2          | Certification of Michael Shaffer, Executive Vice President and Chief Financial Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002.                                                                                                            |
|                |                                                                                                                                                                                                                                                                  |
| +32.1          | Certification of Emanuel Chirico, Chairman and Chief Executive Officer, pursuant to Section 906 of the Sarbanes – Oxley Act of 2002, 18 U.S.C. Section 1350.                                                                                                    |
|                |                                                                                                                                                                                                                                                                  |
| +32.2          | Certification of Michael Shaffer, Executive Vice President and Chief Financial Officer, pursuant to Section 906 of the Sarbanes – Oxley Act of 2002, 18 U.S.C. Section 1350.                                                                                    |
|                |                                                                                                                                                                                                                                                                  |
| **+101.INS          | XBRL Instance Document                                                                                                                                                                                                                                                |
|                |                                                                                                                                                                                                                                                                  |
| **+101.SCH          | XBRL Taxonomy Extension Schema Document                                                                                                                                                                                                                               |
|                |                                                                                                                                                                                                                                                                  |
| **+101.CAL          | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                                                                                                                                                 |
|                |                                                                                                                                                                                                                                                                  |
| **+101.DEF          | XBRL Taxonomy Extension Definition Linkbase Document                                                                                                                                                                                                                  |
|                |                                                                                                                                                                                                                                                                  |
| **+101.LAB          | XBRL Taxonomy Extension Label Linkbase Document                                                                                                                                                                                                                       |
|                |                                                                                                                                                                                                                                                                  |
| **+101.PRE          | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                                                                                                                                                |

|   | ______________________________ |
|--------|--------------------------------|

| + | Filed or furnished herewith. |
|---|------------------------------|

| * | Management contract or compensatory plan or arrangement required to be identified pursuant to Item 15(a)(3) of this report. |
|---|-----------------------------------------------------------------------------------------------------------------------------|

| ** | As provided in Rule 406T of Regulation S-T, this information is deemed furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933, as amended, and Section 18 of the Securities Exchange Act of 1934, as amended. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| *** | Certain Confidential Information contained in this Exhibit was omitted, pursuant to the grant of confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended, by means of redacting portions of the text and replacing each of the redacted portions with an asterisk. A complete copy of this Exhibit has been previously filed separately with the Secretary of the Securities and Exchange Commission without the redaction.   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Exhibits: See (a)(3) above for a listing of the exhibits included as part of this report. |
|-----|-------------------------------------------------------------------------------------------|

| (c) | Financial Statement Schedules: See page F-1 for a listing of the consolidated financial statement schedules submitted as part of this report. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | SIGNATURES |
|--------|------------|

|   | PHILLIPS-VAN HEUSEN CORPORATION |
|--------|---------------------------------|
|   |                            |   |
|   | By:                             | /s/ EMANUEL CHIRICO |
|   |                            | Emanuel Chirico |
|   |                            | Chairman and Chief Executive Officer |

| Signature               | Title                                              | Date           |
|-------------------------|----------------------------------------------------|----------------|
|                    |                                               |           |
| /s/ Emanuel Chirico     | Chairman and Chief Executive Officer               | March 30, 2011 |
| Emanuel Chirico         |   (Principal Executive Officer)          |
|                    |                                               |           |
| /s/ Michael Shaffer     | Executive Vice President and Chief                 | March 30, 2011 |
| Michael Shaffer         |   Financial Officer (Principal           |
|                    |   Financial Officer)                     |
|                    |                                               |           |
| /s/ Bruce Goldstein     | Senior Vice President and Controller               | March 30, 2011 |
| Bruce Goldstein         |   (Principal Accounting Officer)         |
|                    |                                               |           |
| /s/ Fred Gehring        | Chief Executive Officer of                         | March 30, 2011 |
| Fred Gehring            |   Tommy Hilfiger and International       |
|                    |   Operations of the Company and Director |
|                    |                                               |           |
| /s/ Mary Baglivo        | Director                                           | March 30, 2011 |
| Mary Baglivo            |
|                    |                                               |           |
| /s/ Edward H. Cohen     | Director                                           | March 30, 2011 |
| Edward H. Cohen         |
|                    |                                               |           |
| /s/ Joseph B. Fuller    | Director                                           | March 30, 2011 |
| Joseph B. Fuller        |
|                    |                                               |           |
| /s/ Margaret L. Jenkins | Director                                           | March 30, 2011 |
| Margaret L. Jenkins     |
|                    |                                               |           |
| /s/ David A. Landau     | Director                                           | March 30, 2011 |
| David A. Landau         |
|                    |                                               |           |
| /s/ Bruce Maggin        | Director                                           | March 30, 2011 |
| Bruce Maggin            |
|                    |                                               |           |
| /s/ V. James Marino     | Director                                           | March 30, 2011 |
| V. James Marino         |
|                    |                                               |           |
| /s/ Henry Nasella       | Director                                           | March 30, 2011 |
| Henry Nasella           |
|                    |                                               |           |
| /s/ Rita M. Rodriguez   | Director                                           | March 30, 2011 |
| Rita M. Rodriguez       |
|                    |                                               |           |
| /s/ Craig Rydin         | Director                                           | March 30, 2011 |
| Craig Rydin             |
|                    |                                               |           |
| /s/ Christian Stahl     | Director                                           | March 30, 2011 |
| Christian Stahl         |

----

| 10.47  | Employment Agreement, dated as of May 6, 2010, between Tommy Hilfiger Group, B.V. and Fred Gehring.                                                                                |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |                                                                                                                                                                               |
| 10.48  | Addendum to Employment Agreement, dated as of December 31, 2010, between Tommy Hilfiger Group, B.V. and Fred Gehring.                                                              |
|        |                                                                                                                                                                               |
| 21     | Phillips-Van Heusen Corporation Subsidiaries.                                                                                                                                      |
|        |                                                                                                                                                                               |
| 23     | Consent of Independent Registered Public Accounting Firm.                                                                                                                          |
|        |                                                                                                                                                                               |
| 31.1   | Certification of Emanuel Chirico, Chairman and Chief Executive Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002.                                         |
|        |                                                                                                                                                                               |
| 31.2   | Certification of Michael Shaffer, Executive Vice President and Chief Financial Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002.                         |
|        |                                                                                                                                                                               |
| 32.1   | Certification of Emanuel Chirico, Chairman and Chief Executive Officer, pursuant to Section 906 of the Sarbanes – Oxley Act of 2002, 18 U.S.C. Section 1350.                 |
|        |                                                                                                                                                                               |
| 32.2   | Certification of Michael Shaffer, Executive Vice President and Chief Financial Officer, pursuant to Section 906 of the Sarbanes – Oxley Act of 2002, 18 U.S.C. Section 1350. |
|        |                                                                                                                                                                               |
| 101.INS     |  XBRL Instance Document                                                                                                                                                       |
|        |                                                                                                                                                                               |
| 101.SCH     | XBRL Taxonomy Extension Schema Document                                                                                                                                            |
|        |                                                                                                                                                                               |
| 101.CAL     | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                                                              |
|        |                                                                                                                                                                               |
| 101.DEF     | XBRL Taxonomy Extension Definition Linkbase Document                                                                                                                               |
|        |                                                                                                                                                                               |
| 101.LAB     | XBRL Taxonomy Extension Label Linkbase Document                                                                                                                                    |
|        |                                                                                                                                                                               |
| 101.PRE     | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                                                             |

----

| 15(a)(1)  The following consolidated financial statements and supplementary data are included in Item 8 of this report: |
|-----------------------------------------------------------------------------------------------------------------------------------|

|   | Consolidated Income Statements—Years Ended                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | January 30, 2011, January 31, 2010 and February 1, 2009                                                                                                                               | F-2    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | Consolidated Balance Sheets—January 30, 2011 and January 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | F-3    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | Consolidated Statements of Cash Flows—Years Ended                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | January 30, 2011, January 31, 2010 and February 1, 2009                                                                                                                               | F-4    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | Consolidated Statements of Changes in Stockholders’ Equity—Years Ended                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |
|   | January 30, 2011, January 31, 2010 and February 1, 2009                                                                                                                               | F-5    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | Notes to Consolidated Financial Statements                                                                                                                        | F-6    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | Selected Quarterly Financial Data - Unaudited                                                                                                                     | F-51   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | Management’s Report on Internal Control Over Financial Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | F-52   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | Reports of Independent Registered Public Accounting Firm                                                                                                          | F-53   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   | Ten Year Financial Summary                                                                                                                                        | F-55   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |

| 15(a)(2)  The following consolidated financial statement schedule is included herein: |
|-------------------------------------------------------------------------------------------------|

|   | Schedule II - Valuation and Qualifying Accounts                                                                                                          | F-57 |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2010   |      |   | 2009   |   |      | 2008   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |      |   |   |
| Net sales                                                                                                           |   | $      | 4,219,739 |   |   | $      | 2,070,754 |   |   | $ | 2,160,716 |   |
| Royalty revenue                                                                                                     |   |   | 309,642   |   |   |   | 242,026   |   |   |   | 236,552 |   |
| Advertising and other revenue                                                                                       |   |   | 107,467   |   |   |   | 85,951    |   |   |   | 94,667 |   |
| Total revenue                                                                                                       |   |   | 4,636,848 |   |   |   | 2,398,731 |   |   |   | 2,491,935 |   |
| Cost of goods sold                                                                                                  |   |   | 2,214,897 |   |   |   | 1,216,128 |   |   |   | 1,291,267 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |      |   |   |   |   |   |
| Gross profit                                                                                                        |   |   | 2,421,951 |   |   |   | 1,182,603 |   |   |   | 1,200,668 |   |
| Selling, general and administrative expenses                                                                        |   |   | 2,071,416 |   |   |   | 938,791   |   |   |   | 1,028,784 |   |
| Debt extinguishment costs                                                                                           |   |   | 6,650     |   |   |   | -         |   |   |   | - |   |
| Other loss                                                                                                          |   |   | 140,490   |   |   |   | -         |   |   |   | - |   |
| Gain on sale of investments                                                                                         |   |   | -         |   |   |   | -         |   |   |   | 1,864 |   |
| Income before interest and taxes                                                                                    |   |   | 203,395   |   |   |   | 243,812   |   |   |   | 173,748 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |      |   |   |   |   |   |
| Interest expense                                                                                                    |   |   | 128,561   |   |   |   | 33,524    |   |   |   | 33,639 |   |
| Interest income                                                                                                     |   |   | 1,739     |   |   |   | 1,295     |   |   |   | 6,195 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |      |   |   |   |   |   |
| Income before taxes                                                                                                 |   |   | 76,573    |   |   |   | 211,583   |   |   |   | 146,304 |   |
| Income tax expense                                                                                                  |   |   | 22,768    |   |   |   | 49,673    |   |   |   | 54,533 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |      |   |   |   |   |   |
| Net income                                                                                                          |   | $      | 53,805    |   |   | $      | 161,910   |   |   | $ | 91,771 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |      |   |   |   |   |   |
| Basic net income per common share                                                                                   |   | $      | 0.82      |   |   | $      | 3.14      |   |   | $ | 1.78 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |      |   |   |   |   |   |
| Diluted net income per common share                                                                                 |   | $      | 0.80      |   |   | $      | 3.08      |   |   | $ | 1.76 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |      |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |        |      |   |        |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|-----------|--------|-------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | January 30, |      |   | January 31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2011        |      |   | 2010        |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |        |      |   |        |   |
| Current Assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |        |      |   |        |   |
| Cash and cash equivalents                                                                                                                             |   | $           | 498,718   |   |        | $      | 480,882 |   |
| Trade receivables, net of allowances for doubtful accounts of $11,105 and $7,224                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |        | 433,900   |   |        |   | 188,844 |   |
| Other receivables                                                                                                                                     |   |        | 13,261    |   |        |   | 7,759 |   |
| Inventories, net                                                                                                                                      |   |        | 692,306   |   |        |   | 263,788 |   |
| Prepaid expenses                                                                                                                                      |   |        | 81,370    |   |        |   | 41,038 |   |
| Other, including deferred taxes of $61,747 and $5,621                                                                                                 |   |        | 91,008    |   |        |   | 12,572 |   |
| Total Current Assets                                                                                                                                                 |   |        | 1,810,563 |   |        |   | 994,883 |   |
| Property, Plant and Equipment, net                                                                                                               |   |        | 404,577   |   |        |   | 167,474 |   |
| Goodwill                                                                                                                                         |   |        | 1,803,399 |   |        |   | 419,179 |   |
| Tradenames                                                                                                                                       |   |        | 2,342,467 |   |        |   | 621,135 |   |
| Perpetual License Rights                                                                                                                         |   |        | 86,000    |   |        |   | 86,000 |   |
| Other Intangibles, net                                                                                                                           |   |        | 172,562   |   |        |   | 32,056 |   |
| Other Assets                                                                                                                                     |   |        | 115,766   |   |        |   | 18,952 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |        |      |   |        |   |   |   |
| Total Assets                                                                                                                                     |   | $           | 6,735,334 |   |        | $      | 2,339,679 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |        |      |   |        |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |        |      |   |        |   |   |   |
| Current Liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |        |      |   |        |   |   |   |
| Accounts payable                                                                                                                                      |   | $           | 316,920   |   |        | $      | 108,494 |   |
| Accrued expenses                                                                                                                                      |   |        | 535,139   |   |        |   | 215,413 |   |
| Deferred revenue                                                                                                                                      |   |        | 51,235    |   |        |   | 38,974 |   |
| Short-term borrowings                                                                                                                                 |   |        | 4,868     |   |        |   | - |   |
| Total Current Liabilities                                                                                                                                            |   |        | 908,162   |   |        |   | 362,881 |   |
| Long-Term Debt                                                                                                                                   |   |        | 2,364,002 |   |        |   | 399,584 |   |
| Other Liabilities, including deferred taxes of $508,562 and $176,449                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |        | 1,020,613 |   |        |   | 408,661 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |        |      |   |        |   |   |   |
| Stockholders’ Equity:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |        |      |   |        |   |   |   |
| Preferred stock, par value $100 per share; 150,000 total shares authorized                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |        | -         |   |        |   | - |   |
| Series A convertible preferred stock, par value $100 per share; 8,000 total shares authorized, issued and outstanding (with total liquidation preference of $200,000) as of January 30, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |        | 188,595   |   |        |   | - |   |
| Common stock, par value $1 per share; 240,000,000 shares authorized; 67,234,567 and 57,139,230 shares issued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |        | 67,235    |   |        |   | 57,139 |   |
| Additional paid in capital – common stock                                                                                                       |   |        | 1,301,647 |   |        |   | 596,344 |   |
| Retained earnings                                                                                                                                     |   |        | 840,072   |   |        |   | 796,282 |   |
| Accumulated other comprehensive income (loss)                                                                                                         |   |        | 55,757    |   |        |   | (80,448 | ) |
| Less: 168,893 and 5,236,818 shares of common stock held in treasury, at cost                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |        | (10,749   | )      |        |   | (200,764 | ) |
| Total Stockholders’ Equity                                                                                                                                     |   |        | 2,442,557 |   |        |   | 1,168,553 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |        |      |   |        |   |   |   |
| Total Liabilities and Stockholders’ Equity                                                                                                 |   | $           | 6,735,334 |   |        | $      | 2,339,679 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2010   |        |   | 2009   |   |          | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|---------------|--------|--------|
| Operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |        |   |   |   |          |   |   |
| Net income                                                                                                                             |   | $      | 53,805      |   |   | $      | 161,910       |   |   | $ | 91,771 |   |
| Adjustments to reconcile to net cash provided by operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |        |   |   |   |          |   |   |   |   |   |
| Loss on settlement of derivative instruments related to the acquisition of Tommy Hilfiger                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 140,490     |   |   |   | -             |   |   |   | - |   |
| Depreciation and amortization                                                                                                               |   |   | 147,137     |   |   |   | 49,889        |   |   |   | 55,366 |   |
| Deferred taxes                                                                                                                              |   |   | (12,493     | )      |   |   | 4,714         |   |   |   | (18,444 | ) |
| Stock-based compensation expense                                                                                                            |   |   | 33,281      |   |   |   | 14,456        |   |   |   | 10,527 |   |
| Impairment of long-lived assets                                                                                                             |   |   | 13,900      |   |   |   | 7,290         |   |   |   | 72,459 |   |
| Disposal of goodwill                                                                                                                        |   |   | 4,157       |   |   |   | -             |   |   |   | - |   |
| Debt extinguishment costs                                                                                                                   |   |   | 6,650       |   |   |   | -             |   |   |   | - |   |
| Gain on sale of investments                                                                                                                 |   |   | -           |   |   |   | -             |   |   |   | (1,864 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |        |   |   |   |          |   |   |   |   |   |
| Changes in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |        |   |   |   |          |   |   |   |   |   |
| Trade receivables, net                                                                                                                      |   |   | (114,767    | )      |   |   | (1,202        | )      |   |   | (39,446 | ) |
| Inventories, net                                                                                                                            |   |   | (124,525    | )      |   |   | 20,768        |   |   |   | 38,562 |   |
| Accounts payable, accrued expenses and deferred revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 216,521     |   |   |   | 10,986        |   |   |   | 9,044 |   |
| Prepaid expenses                                                                                                                            |   |   | (17,659     | )      |   |   | (5,758        | )      |   |   | 8,381 |   |
| Proceeds in connection with acquisition of CMI                                                                                              |   |   | -           |   |   |   | -             |   |   |   | 38,500 |   |
| Other, net                                                                                                                                  |   |   |  5,730 |   |   |   |  (48,639 | )      |   |   | (25,041 | ) |
| Net Cash Provided By Operating Activities                                                                                                                       |   |   | 352,227     |   |   |   | 214,414       |   |   |   | 239,815 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |        |   |   |   |          |   |   |   |   |   |
| Investing activities(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |        |   |   |   |          |   |   |   |   |   |
| Business acquisitions, net of cash acquired                                                                                            |   |   | (2,493,125  | )      |   |   | (1,582        | )      |   |   | (35,042 | ) |
| Purchase of property, plant and equipment                                                                                              |   |   | (100,995    | )      |   |   | (23,856       | )      |   |   | (88,141 | ) |
| Contingent purchase price payments                                                                                                     |   |   | (43,655     | )      |   |   | (37,435       | )      |   |   | (55,365 | ) |
| Loss on settlement of derivative instruments related to the acquisition of Tommy Hilfiger                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | (140,490    | )      |   |   | -             |   |   |   | - |   |
| Sale of investments                                                                                                                    |   |   | -           |   |   |   | -             |   |   |   | 1,864 |   |
| Net Cash Used By Investing Activities                                                                                                                           |   |   | (2,778,265  | )      |   |   | (62,873       | )      |   |   | (176,684 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |        |   |   |   |          |   |   |   |   |   |
| Financing activities(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |        |   |   |   |          |   |   |   |   |   |
| Net proceeds from common stock offering                                                                                                |   |   | 364,529     |   |   |   | -             |   |   |   | - |   |
| Net proceeds from preferred stock issuance                                                                                             |   |   | 188,595     |   |   |   | -             |   |   |   | - |   |
| Net proceeds from issuance of debt                                                                                                     |   |   | 584,357     |   |   |   | -             |   |   |   | - |   |
| Net proceeds from credit facilities                                                                                                    |   |   | 1,823,990   |   |   |   | -             |   |   |   | - |   |
| Extinguishment of debt                                                                                                                 |   |   | (303,645    | )      |   |   | -             |   |   |   | - |   |
| Repayment of credit facilities                                                                                                         |   |   | (250,000    | )      |   |   | -             |   |   |   | - |   |
| Net proceeds from short term borrowings                                                                                                |   |   | 4,868       |   |   |   | -             |   |   |   | - |   |
| Net proceeds from settlement of awards under stock plans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 23,939      |   |   |   | 8,078         |   |   |   | 2,819 |   |
| Excess tax benefits from awards under stock plans                                                                                      |   |   | 9,333       |   |   |   | 1,269         |   |   |   | 1,158 |   |
| Cash dividends                                                                                                                         |   |   | (10,015     | )      |   |   | (7,811        | )      |   |   | (7,760 | ) |
| Acquisition of treasury shares                                                                                                         |   |   | (2,481      | )      |   |   | (400          | )      |   |   | (27 | ) |
| Net Cash Provided (Used) By Financing Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 2,433,470   |   |   |   | 1,136         |   |   |   | (3,810 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |        |   |   |   |          |   |   |   |   |   |
| Effect of exchange rate changes on cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 10,404      |   |   |   | 38            |   |   |   | (1,068 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |        |   |   |   |          |   |   |   |   |   |
| Increase in cash and cash equivalents                                                                                                  |   |   | 17,836      |   |   |   | 152,715       |   |   |   | 58,253 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |        |   |   |   |          |   |   |   |   |   |
| Cash and cash equivalents at beginning of year                                                                                         |   |   | 480,882     |   |   |   | 328,167       |   |   |   | 269,914 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |        |   |   |   |          |   |   |   |   |   |
| Cash and cash equivalents at end of year                                                                                               |   | $      | 498,718     |   |   | $      | 480,882       |   |   | $ | 328,167 |   |

----

|                                                                                                                                                                                                                                                                               |                                                                                                   |   |         |       |   | Additional |   |   |   |   |   |        |          |   |               |    |          |     |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------|--------|--------------|------------|--------|------------|--------|--------|--------|--------|--------|-------------|---------------|--------|--------------------|---------|---------------|----------|--------|
|                                                                                                                                                                                                                                                                               |                                                                                                   |   |         |       |   | Paid In    |   |   |   |   |   | Accumulated |          |   |               |    |          |     |   |
|                                                                                                                                                                                                                                                                               |                                                                                                   |   | Common Stock |       |   | Capital-   |   |   |   |   |   | Other       |          |   |               |    |          |     |   |
|                                                                                                                                                                                                                                                                               | Preferred                                                                                              |   |         |       |   | $1 par     |   |   | Common |   |   | Retained    |          |   | Comprehensive      |    |          | Treasury |   |   | Stockholders’ |   |
|                                                                                                                                                                                                                                                                               | Stock                                                                                                  |   | Shares       |       |   | Value      |   |   | Stock  |   |   | Earnings    |          |   | Income (Loss) |    |          | Stock    |   |   | Equity |   |
|                                                                                                                                                                                                                                                                               |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |
| February 3, 2008                                            |                                                                                                   |   |         | 56,505,842 |   |       | $      | 56,506 |   |   | $      | 558,960     |          |   | $                  | 558,538 |          |     | $      | (17,384 | ) |   | $ | (200,337 | ) |   | $ | 956,283 |   |
| Net income                                                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               | 91,771  |          |     |   |   |   |   |   |   |   |   |   | 91,771 |   |
| Change related to retirement and benefit plans costs, net of tax (benefit) of $(32,342)                                                                                                                                                                                            |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   | (53,368 | ) |   |   |   |   |   |   | (53,368 | ) |
| Foreign currency translation adjustments, net of tax (benefit) of $(1,378)                                                                                                                                                                                                    |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   | (2,268 | ) |   |   |   |   |   |   | (2,268 | ) |
| Total comprehensive income                                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 36,135 |   |
| Adoption of the measurement date provisions of retirement benefits guidance, net of tax (benefit) of $(224)                                                                                                                                                                        |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               | (366    | )   |     |   |   |   |   |   |   |   |   |   | (366 | ) |
| Settlement of awards under stock plans                                                                                                                                                                                                                                             |                                                                                                   |   |         | 202,866    |   |       |   | 203    |   |   |   | 2,616       |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 2,819 |   |
| Tax benefits from awards under stock plans                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   | 1,184       |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 1,184 |   |
| Stock-based compensation expense                                                                                                                                                                                                                                                   |                                                                                                   |   |         |       |   |       |   |   |   |   |   | 10,527      |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 10,527 |   |
| Cash dividends                                                                                                                                                                                                                                                                     |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               | (7,760  | )   |     |   |   |   |   |   |   |   |   |   | (7,760 | ) |
| Acquisition of 634 treasury shares                                                                                                                                                                                                                                                 |                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   | (27 | ) |   |   | (27 | ) |
|                                                                                                                                                                                                                                                                               |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   |   |   |
| February 1, 2009                                            |                                                                                                   |   |         | 56,708,708 |   |       |   | 56,709 |   |   |   | 573,287     |          |   |               | 642,183 |          |     |   | (73,020 | ) |   |   | (200,364 | ) |   |   | 998,795 |   |
| Net income                                                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               | 161,910 |          |     |   |   |   |   |   |   |   |   |   | 161,910 |   |
| Change related to retirement and benefit plans costs, net of tax (benefit) of $(5,281)                                                                                                                                                                                             |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   | (8,690 | ) |   |   |   |   |   |   | (8,690 | ) |
| Foreign currency translation adjustments, net of tax expense of $767                                                                                                                                                                                                          |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   | 1,262 |   |   |   |   |   |   |   | 1,262 |   |
| Total comprehensive income                                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 154,482 |   |
| Settlement of awards under stock plans                                                                                                                                                                                                                                             |                                                                                                   |   |         | 430,522    |   |       |   | 430    |   |   |   | 7,648       |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 8,078 |   |
| Tax benefits from awards under stock plans                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   | 953         |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 953 |   |
| Stock-based compensation expense                                                                                                                                                                                                                                                   |                                                                                                   |   |         |       |   |       |   |   |   |   |   | 14,456      |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 14,456 |   |
| Cash dividends                                                                                                                                                                                                                                                                     |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               | (7,811  | )   |     |   |   |   |   |   |   |   |   |   | (7,811 | ) |
| Acquisition of 14,327 treasury shares                                                                                                                                                                                                                                              |                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   | (400 | ) |   |   | (400 | ) |
|                                                                                                                                                                                                                                                                               |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   |   |   |
| January 31, 2010                                            |                                                                                                   |   |         | 57,139,230 |   |       |   | 57,139 |   |   |   | 596,344     |          |   |               | 796,282 |          |     |   | (80,448 | ) |   |   | (200,764 | ) |   |   | 1,168,553 |   |
| Net income                                                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               | 53,805  |          |     |   |   |   |   |   |   |   |   |   | 53,805 |   |
| Change related to retirement and benefit plans costs, net of tax (benefit) of $(481)                                                                                                                                                                                               |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   | (772 | ) |   |   |   |   |   |   | (772 | ) |
| Foreign currency translation adjustments, net of tax (benefit) of $(915)                                                                                                                                                                                                      |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   | 148,353 |   |   |   |   |   |   |   | 148,353 |   |
| Liquidation of foreign operation, net of tax expense of $318                                                                                                                                                                                                                       |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   | 523 |   |   |   |   |   |   |   | 523 |   |
| Unrealized losses on derivative financial instruments, net of tax (benefit) of $(256)                                                                                                                                                                                              |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   | (11,899 | ) |   |   |   |   |   |   | (11,899 | ) |
| Total comprehensive income                                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 190,010 |   |
| Common stock offering, including the sale of 5,250,000 treasury shares                                                                                                                                                                                                             |                                                                                                   |   |         | 500,000    |   |       |   | 500    |   |   |   | 162,573     |          |   |               |    |          |     |   |   |   |   |   | 201,456 |   |   |   | 364,529 |   |
| Issuance of restricted stock                                                                                                                                                                                                                                                       |                                                                                                   |   |         | 350,861    |   |       |   | 351    |   |   |   | (351        | )   |   |               |    |          |     |   |   |   |   |   |   |   |   |   | - |   |
| Issuance of common stock in connection with the acquisition of Tommy Hilfiger                                                                                                                                                                                                      |                                                                                                   |   |         | 7,872,980  |   |       |   | 7,873  |   |   |   | 467,734     |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 475,607 |   |
| Issuance of 8,000 preferred shares                                                                                                                                                                                                                                                 | $188,595                                                                                          |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 188,595 |   |
| Exercise of warrant, net of withholding of 140,207 treasury shares                                                                                                                                                                                                                 |                                                                                                   |   |         | 320,000    |   |       |   | 320    |   |   |   | 8,640       |          |   |               |    |          |     |   |   |   |   |   | (8,960 | ) |   |   | - |   |
| Settlement of awards under stock plans                                                                                                                                                                                                                                             |                                                                                                   |   |         | 1,051,496  |   |       |   | 1,052  |   |   |   | 22,887      |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 23,939 |   |
| Tax benefits from awards under stock plans                                                                                                                                                                                                                                         |                                                                                                   |   |         |       |   |       |   |   |   |   |   | 10,539      |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 10,539 |   |
| Stock-based compensation expense                                                                                                                                                                                                                                                   |                                                                                                   |   |         |       |   |       |   |   |   |   |   | 33,281      |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   | 33,281 |   |
| Cash dividends                                                                                                                                                                                                                                                                     |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               | (10,015 | )   |     |   |   |   |   |   |   |   |   |   | (10,015 | ) |
| Acquisition of 41,868 treasury shares                                                                                                                                                                                                                                              |                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   | (2,481 | ) |   |   | (2,481 | ) |
|                                                                                                                                                                                                                                                                               |                                                                                                   |   |         |       |   |       |   |   |   |   |   |        |          |   |               |    |          |     |   |   |   |   |   |   |   |   |   |   |   |
| January 30, 2011                                            | $188,595                                                                                               |   |         | 67,234,567 |   |       | $      | 67,235 |   |   | $      | 1,301,647   |          |   | $                  | 840,072 |          |     | $      | 55,757 |   |   | $ | (10,749 | ) |   | $ | 2,442,557 |   |

----

----

----

----

| Cash                                                               |   | $      | 2,485,776 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|
| Common stock (7,873 shares, par value $1.00 per share)                                                                                                                                                                                                                                                                                                                              |   |   | 475,607   |   |
| Total fair value of the acquisition consideration                                                                                                                                                                                                                                                                                                                                        |   | $      | 2,961,383 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | Pro FormaYear Ended |      |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 1/30/11             |      |   | 1/31/10 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                |      |   |   |   |
| Total revenue                                                                                 |   | $                   | 5,282,732 |   |   | $ | 4,680,832 |   |
| Net income                                                                                    |   |                | 292,271   |   |   |   | 82,162 |   |

----

| Trade receivables                                                                       |   | $      | 120,477   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|
| Inventories                                                                             |   |   | 288,891   |   |
| Prepaid expenses                                                                        |   |   | 24,029    |   |
| Other current assets                                                                    |   |   | 81,307    |   |
| Property, plant and equipment                                                           |   |   | 238,026   |   |
| Goodwill                                                                                |   |   | 1,255,862 |   |
| Tradenames                                                                              |   |   | 1,635,417 |   |
| Other intangibles                                                                       |   |   | 172,069   |   |
| Other assets                                                                            |   |   | 117,880   |   |
| Accounts payable                                                                        |   |   | 91,436    |   |
| Accrued expenses                                                                        |   |   | 205,631   |   |
| Other liabilities                                                                       |   |   | 675,508   |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 2010   |     |   | 2009   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |   |   |   |
| Land                                                                                                                                  |   | $      | 1,028    |   |   | $      | 1,028 |   |
| Buildings and building improvements                                                                                                   |   |   | 71,518   |   |   |   | 32,508 |   |
| Machinery, software and equipment                                                                                                     |   |   | 244,168  |   |   |   | 200,456 |   |
| Furniture and fixtures                                                                                                                |   |   | 188,727  |   |   |   | 140,162 |   |
| Shop-in-shops                                                                                                                         |   |   | 64,575   |   |   |   | 22,463 |   |
| Leasehold improvements                                                                                                                |   |   | 292,122  |   |   |   | 158,319 |   |
| Property, plant and equipment, gross                                                                                                  |   |   | 862,138  |   |   |   | 554,936 |   |
| Less:  Accumulated depreciation                                                                                             |   |   | (457,561 | )      |   |   | (387,462 | ) |
| Property, plant and equipment, net                                                                                                    |   | $      | 404,577  |   |   | $      | 167,474 |   |

|                                                                                                                                                                                                                                                                                                                  |   | Heritage    |   |   |       |   |   |         |   |   |     |    |   |          |    |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|------------|--------|--------|--------------|--------|--------|----------|---------|--------|---------------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                  |   | Brand       |   |   | Heritage   |   |   |         |   |   | Tommy    |    |   |          |    |   |   |   |
|                                                                                                                                                                                                                                                                                                                  |   | Wholesale   |   |   | Brand      |   |   |         |   |   | Hilfiger |    |   | Tommy         |    |   |   |   |
|                                                                                                                                                                                                                                                                                                                  |   | Dress       |   |   | Wholesale  |   |   | Calvin Klein |   |   | North    |    |   | Hilfiger      |    |   |   |   |
|                                                                                                                                                                                                                                                                                                                  |   | Furnishings |   |   | Sportswear |   |   | Licensing    |   |   | America  |    |   | International |    |   | Total  |   |
|                                                                                                                                                                                                                                                                                                                  |   |        |   |   |       |   |   |         |   |   |     |    |   |          |    |   |   |   |
| Balance as of February 1, 2009                                                                                                                                                                                                                                                                                        |   |        |   |   |       |   |   |         |   |   |     |    |   |          |    |   |   |   |
| Goodwill, gross                                                  |   | $           | 74,377 |   |       | $      | 82,133 |         |   | $      | 220,517  |    |   | $             | -       |   |   | $      | - |   |   | $ | 377,027 |   |
| Accumulated impairment losses                                                                                                                                                                                                                                                                                         |   |        | -      |   |       |   | -      |         |   |   | -        |    |   |          | -       |   |   |   | - |   |   |   | - |   |
| Goodwill, net                                                    |   |        | 74,377 |   |       |   | 82,133 |         |   |   | 220,517  |    |   |          | -       |   |   |   | - |   |   |   | 377,027 |   |
| Contingent purchase price payments to Mr. Calvin Klein                                                                                                                                                                                                                                                                |   |        | -      |   |       |   | -      |         |   |   | 38,866   |    |   |          | -       |   |   |   | - |   |   |   | 38,866 |   |
| Goodwill from acquisition of Block assets                                                                                                                                                                                                                                                                             |   |        | -      |   |       |   | 2,420  |         |   |   | -        |    |   |          | -       |   |   |   | - |   |   |   | 2,420 |   |
| Currency translation                                                                                                                                                                                                                                                                                                  |   |        | 555    |   |       |   | -      |         |   |   | 311      |    |   |          | -       |   |   |   | - |   |   |   | 866 |   |
| Balance as of January 31, 2010                                                                                                                                                                                                                                                                                        |   |        |   |   |       |   |   |         |   |   |     |    |   |          |    |   |   |   |   |   |   |   |   |   |
| Goodwill, gross                                                  |   |        | 74,932 |   |       |   | 84,553 |         |   |   | 259,694  |    |   |          | -       |   |   |   | - |   |   |   | 419,179 |   |
| Accumulated impairment losses                                                                                                                                                                                                                                                                                         |   |        | -      |   |       |   | -      |         |   |   | -        |    |   |          | -       |   |   |   | - |   |   |   | - |   |
| Goodwill, net                                                    |   |        | 74,932 |   |       |   | 84,553 |         |   |   | 259,694  |    |   |          | -       |   |   |   | - |   |   |   | 419,179 |   |
| Contingent purchase price payments to Mr. Calvin Klein                                                                                                                                                                                                                                                                |   |        | -      |   |       |   | -      |         |   |   | 45,335   |    |   |          | -       |   |   |   | - |   |   |   | 45,335 |   |
| Goodwill from acquisition of  Tommy Hilfiger                                                                                                                                                                                                                                                                |   |        | -      |   |       |   | -      |         |   |   | -        |    |   |          | 197,328 |   |   |   | 1,058,534 |   |   |   | 1,255,862 |   |
| Goodwill from acquisition of Tommy Hilfiger handbag license                                                                                                                                                                                                                                                           |   |        | -      |   |       |   | -      |         |   |   | -        |    |   |          | -       |   |   |   | 6,430 |   |   |   | 6,430 |   |
| Disposal of goodwill                                                                                                                                                                                                                                                                                                  |   |        | (4,157 | )      |       |   | -      |         |   |   | -        |    |   |          | -       |   |   |   | - |   |   |   | (4,157 | ) |
| Currency translation                                                                                                                                                                                                                                                                                                  |   |        | (186   | )      |       |   | -      |         |   |   | (105     | )  |   |          | -       |   |   |   | 81,041 |   |   |   | 80,750 |   |
| Balance as of January 30, 2011                                                                                                                                                                                                                                                                                        |   |        |   |   |       |   |   |         |   |   |     |    |   |          |    |   |   |   |   |   |   |   |   |   |
| Goodwill, gross                                                                                                                                                                                                                                                                                                       |   |        | 70,589 |   |       |   | 84,553 |         |   |   | 304,924  |    |   |          | 197,328 |   |   |   | 1,146,005 |   |   |   | 1,803,399 |   |
| Accumulated impairment losses                                                                                                                                                                                                                                                                                         |   |        | -      |   |       |   | -      |         |   |   | -        |    |   |          | -       |   |   |   | - |   |   |   | - |   |
| Goodwill, net                                                                                                                                                                                                                                                                                                         |   | $           | 70,589 |   |       | $      | 84,553 |         |   | $      | 304,924  |    |   | $             | 197,328 |   |   | $      | 1,146,005 |   |   | $ | 1,803,399 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Customer Relationships |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Gross                  |    |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Carrying               |    |   | Accumulated |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Amount                 |    |   | Amortization |   |   | Net |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                   |    |   |   |   |   |   |   |
| Balance as of February 1, 2009                                                                           |   | $                      | 35,507  |   |   | $ | (4,931 | ) |   | $ | 30,576 |   |
| Amortization                                                                                             |   |                   | -       |   |   |   | (2,368 | ) |   |   | (2,368 | ) |
| Balance as of January 31, 2010                                                                           |   |                   | 35,507  |   |   |   | (7,299 | ) |   |   | 28,208 |   |
| Amount recorded in connection with the acquisition of Tommy Hilfiger                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                   | 138,724 |   |   |   | - |   |   |   | 138,724 |   |
| Amortization                                                                                             |   |                   | -       |   |   |   | (9,529 | ) |   |   | (9,529 | ) |
| Currency translation                                                                                     |   |                   | 10,125  |   |   |   | - |   |   |   | 10,125 |   |
| Balance as of January 30, 2011                                                                           |   | $                      | 184,356 |   |   | $ | (16,828 | ) |   | $ | 167,528 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Covenants Not to Compete |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Gross                    |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Carrying                 |   |   | Accumulated |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Amount                   |   |   | Amortization |   |   | Net |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                     |   |   |   |   |   |   |   |
| Balance as of February 1, 2009                                                                           |   | $                        | 600    |   |   | $ | (360 | ) |   | $ | 240 |   |
| Amortization                                                                                             |   |                     | -      |   |   |   | (60 | ) |   |   | (60 | ) |
| Balance as of January 31, 2010                                                                           |   |                     | 600    |   |   |   | (420 | ) |   |   | 180 |   |
| Amount recorded in connection with the acquisition of Tommy Hilfiger                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                     | 1,527  |   |   |   | - |   |   |   | 1,527 |   |
| Amortization                                                                                             |   |                     | -      |   |   |   | (649 | ) |   |   | (649 | ) |
| Currency translation                                                                                     |   |                     | 88     |   |   |   | - |   |   |   | 88 |   |
| Balance as of January 30, 2011                                                                           |   | $                        | 2,215  |   |   | $ | (1,069 | ) |   | $ | 1,146 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Order Backlog |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Gross         |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Carrying      |   |   | Accumulated |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Amount        |   |   | Amortization |   |   | Net |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |          |   |   |   |   |   |   |   |
| Balance as of January 31, 2010                                                                           |   | $             | -      |   |   | $ | - |   |   | $ | - |   |
| Amount recorded in connection with the acquisition of Tommy Hilfiger                                                                                                                                                                                                                                                                                                                                                                                                                  |   |          | 31,818 |   |   |   | - |   |   |   | 31,818 |   |
| Amortization                                                                                             |   |          | -      |   |   |   | (32,287 | ) |   |   | (32,287 | ) |
| Currency translation                                                                                     |   |          | 469    |   |   |   | - |   |   |   | 469 |   |
| Balance as of January 30, 2011                                                                           |   | $             | 32,287 |   |   | $ | (32,287 | ) |   | $ | - |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | License Rights |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Gross          |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Carrying       |   |   | Accumulated |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Amount         |   |   | Amortization |   |   | Net |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |   |   |   |   |   |   |   |
| Balance as of February 1, 2009                                                                           |   | $              | 3,606  |   |   | $ | (180 | ) |   | $ | 3,426 |   |
| Amount recorded related to acquisition of Block assets                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |           | 1,401  |   |   |   | - |   |   |   | 1,401 |   |
| Amortization                                                                                             |   |           | -      |   |   |   | (1,159 | ) |   |   | (1,159 | ) |
| Balance as of January 31, 2010                                                                           |   |           | 5,007  |   |   |   | (1,339 | ) |   |   | 3,668 |   |
| Amount recorded related to acquisition of Tommy Hilfiger handbag license                                                                                                                                                                                                                                                                                                                                                                                                                   |   |           | 919    |   |   |   | - |   |   |   | 919 |   |
| Amortization                                                                                             |   |           | -      |   |   |   | (723 | ) |   |   | (723 | ) |
| Currency translation                                                                                     |   |           | 24     |   |   |   | - |   |   |   | 24 |   |
| Balance as of January 30, 2011                                                                           |   | $              | 5,950  |   |   | $ | (2,062 | ) |   | $ | 3,888 |   |

| 2011                                                                           |   | $      | 13,949 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| 2012                                                                           |   |   | 13,333 |   |
| 2013                                                                           |   |   | 12,597 |   |
| 2014                                                                           |   |   | 12,597 |   |
| 2015                                                                           |   |   | 12,597 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                           |   |       |      |   | Perpetual      |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------|-----------|--------|----------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                           |   | Tradenames |      |   | License Rights |   |   | Total  |   |
|  Balance as of January 31, 2010                                                                |   | $          | 621,135   |   |           | $      | 86,000 |   |   | $ | 707,135 |   |
| Amount recorded in connection with the acquisition of Tommy Hilfiger                                                                                                                                                                                                                                                                                                                                                 |   |       | 1,635,417 |   |           |   | -      |   |   |   | 1,635,417 |   |
| Currency translation                                                                                |   |       | 85,915    |   |           |   | -      |   |   |   | 85,915 |   |
| Balance as of January 30, 2011                                                                      |   | $          | 2,342,467 |   |           | $      | 86,000 |   |   | $ | 2,428,467 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2010   |      |   | 2009   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |      |   |   |   |
| Senior secured term loan A facility due 2015                                                                                                |   | $      | 437,789   |   |   | $      | - |   |
| Senior secured term loan B facility due 2016                                                                                                |   |   | 1,226,611 |   |   |   | - |   |
| 7 3/8% senior unsecured notes due 2020                                                                                                      |   |   | 600,000   |   |   |   | - |   |
| 7 3/4% debentures due 2023                                                                                                                  |   |   | 99,602    |   |   |   | 99,584 |   |
| 7 1/4% senior unsecured notes due 2011                                                                                                      |   |   | -         |   |   |   | 150,000 |   |
| 8 1/8% senior unsecured notes due 2013                                                                                                      |   |   | -         |   |   |   | 150,000 |   |
| Total                                                                                                                                       |   | $      | 2,364,002 |   |   | $      | 399,584 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Term Loan |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      | A  |       |   |   | B  |       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| Originally borrowed on May 6, 2010, based on the applicable exchange rate at that date                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $         | 494,970 |   |   | $ | 1,384,910 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| Percentage required to be repaid for the annual period ending May 6:                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| 2011                                                                                      |   |      | 5       | % |   |   | 1 | % |
| 2012                                                                                      |   |      | 10      | % |   |   | 1 | % |
| 2013                                                                                      |   |      | 15      | % |   |   | 1 | % |
| 2014                                                                                      |   |      | 25      | % |   |   | 1 | % |
| 2015                                                                                      |   |      | 45      | % |   |   | 1 | % |
| 2016                                                                                      |   |      | -       |   |   |   | 95 | % |

----

----

----

|                                                                                                                                                                                                                                                                                                                                                                        |   | Pension Plans |    |   | CAP and SERP Plans |   |    | Postretirement Plan |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------------------|--------|---------|---------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                        |   | 2010          |    |   | 2009               |   |    | 2010                |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                        |   |          |    |   |               |   |    |                |   |   |   |   |   |   |   |   |   |   |
| Beginning of year                                                              |   | $             | 283,639 |   |               | $      | 245,081 |                |   | $ | 15,205 |   |   | $ | 13,751 |   |   | $ | 22,668 |   |   | $ | 21,596 |   |
| Business acquisitions                                                          |   |          | -       |   |               |   | -       |                |   |   | 15,693 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Service cost                                                                   |   |          | 9,216   |   |               |   | 7,437   |                |   |   | 90 |   |   |   | 70 |   |   |   | - |   |   |   | - |   |
| Interest cost                                                                  |   |          | 17,843  |   |               |   | 16,937  |                |   |   | 1,623 |   |   |   | 958 |   |   |   | 1,090 |   |   |   | 1,459 |   |
| Benefit payments                                                               |   |          | (14,270 | )      |               |   | (13,757 | )                   |   |   | (2,045 | ) |   |   | (1,383 | ) |   |   | - |   |   |   | - |   |
| Benefit payments, net of retiree contributions                                                                                                                                                                                                                                                                                                                              |   |          | -       |   |               |   | -       |                |   |   | - |   |   |   | - |   |   |   | (2,122 | ) |   |   | (2,168 | ) |
| Plan amendments                                                                |   |          | 9       |   |               |   | -       |                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Medicare subsidy                                                               |   |          | -       |   |               |   | -       |                |   |   | - |   |   |   | - |   |   |   | 114 |   |   |   | 115 |   |
| Actuarial loss (gain)                                                          |   |          | 22,611  |   |               |   | 27,941  |                |   |   | 62 |   |   |   | 1,809 |   |   |   | (3,969 | ) |   |   | 1,666 |   |
| End of year                                                                    |   | $             | 319,048 |   |               | $      | 283,639 |                |   | $ | 30,628 |   |   | $ | 15,205 |   |   | $ | 17,781 |   |   | $ | 22,668 |   |

|                                                                                                                                                                                                                                                                                                                                                                   |   | 2010   |    |   | 2009   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                   |   |   |    |   |   |   |
| Fair value of plan assets, beginning of year                                                                                                                                                                                                                                                                                                                           |   | $      | 207,883 |   |   | $      | 175,400 |   |
| Actual return, net of plan expenses                                                                                                                                                                                                                                                                                                                                    |   |   | 30,438  |   |   |   | 35,563 |   |
| Benefit payments                                                                    |   |   | (14,270 | )      |   |   | (13,757 | ) |
| Company contributions                                                               |   |   | 27,759  |   |   |   | 10,677 |   |
| Fair value of plan assets, end of year                                                                                                                                                                                                                                                                                                                                 |   | $      | 251,810 |   |   | $      | 207,883 |   |
|                                                                                                                                                                                                                                                                                                                                                                   |   |   |    |   |   |   |   |   |
| Funded status at end of year                                                        |   | $      | (67,238 | )      |   | $      | (75,756 | ) |

|                                                                                                                                                                                                                                                                                                                                                              |   | Pension Plans |    |   | CAP and SERP Plans |   |    | Postretirement Plan |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------------------|--------|---------|---------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                              |   | 2010          |    |   | 2009               |   |    | 2010                |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                              |   |          |    |   |               |   |    |                |   |   |   |   |   |   |   |   |   |   |
| Current liabilities                                                            |   | $             | (3,753  | )      |               | $      | (3,107  | )                   |   | $ | (2,295 | ) |   | $ | (1,640 | ) |   | $ | (2,014 | ) |   | $ | (2,610 | ) |
| Non-current liabilities                                                        |   |          | (63,485 | )      |               |   | (72,649 | )                   |   |   | (28,333 | ) |   |   | (13,565 | ) |   |   | (15,767 | ) |   |   | (20,058 | ) |
| Net amount recognized on balance sheet                                                                                                                                                                                                                                                                                                                            |   | $             | (67,238 | )      |               | $      | (75,756 | )                   |   | $ | (30,628 | ) |   | $ | (15,205 | ) |   | $ | (17,781 | ) |   | $ | (22,668 | ) |

|                                                                                                                                                                                                                                                                                                                                                           |   | Pension Plans |     |   | CAP and SERP Plans |   |     | Postretirement Plan |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|----------|--------|--------------------|--------|----------|---------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                           |   | 2010          |     |   | 2009               |   |     | 2010                |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                           |   |          |     |   |               |   |     |                |   |   |   |   |   |   |   |   |   |   |
| Prior service credit                                                        |   | $             | 381      |   |               | $      | 452      |                |   | $ | - |   |   | $ | - |   |   | $ | 3,889 |   |   | $ | 4,706 |   |
| Net (loss) gain                                                             |   |          | (131,190 | )      |               |   | (126,926 | )                   |   |   | (43 | ) |   |   | 27 |   |   |   | (2,010 | ) |   |   | (5,979 | ) |
| Total                                                                       |   | $             | (130,809 | )      |               | $      | (126,474 | )                   |   | $ | (43 | ) |   | $ | 27 |   |   | $ | 1,879 |   |   | $ | (1,273 | ) |

----

|                                                                                                                                                                                                                                                                                                                                                                                               |   |          |    |    | CAP and SERP |   |   | Postretirement |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|---------|--------------|--------|--------|----------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                               |   | Pension Plans |    |    | Plans        |   |   | Plan           |   |
|                                                                                                                                                                                                                                                                                                                                                                                               |   |          |    |    |         |   |   |           |   |
| Prior service credit                                                              |   | $             | 62      |    |         | $      | -      |           |   | $ | 817 |   |
| Net (loss) gain                                                                   |   |          | (10,174 | )  |         |   | 9      |           |   |   | (27 | ) |
| Total                                                                             |   | $             | (10,112 | )  |         | $      | 9      |           |   | $ | 790 |   |

|                                                                                                                                                                                                                                                                      |   |   |    |   | Fair Value Measurements at                                 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                      |   |   |    |   | January 30, 2011                                           |   |
| Asset Category                                                                                                                                                                                                                                                            |   | Total  |    |   | Quoted PricesIn ActiveMarkets forIdentical Assets(Level 1) |   |   | SignificantObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
| Equity securities:                                                                                                                                                                                                                                                        |   |   |    |   |                                                       |   |   |   |   |   |   |   |
| U.S. equities(1)                                                  |   | $      | 53,609  |   |                                                       | $      | 53,609 |   |   | $ | - |   |   | $ | - |   |
| International equities(1)                                         |   |   | 2,910   |   |                                                       |   | 2,910 |   |   |   | - |   |   |   | - |   |
| Global equity mutual fund(2)                                                                                                                                                                                                                                              |   |   | 13,376  |   |                                                       |   | 13,376 |   |   |   | - |   |   |   | - |   |
| U.S. equity commingled fund(3)                                                                                                                                                                                                                                            |   |   | 35,696  |   |                                                       |   | - |   |   |   | 35,696 |   |   |   | - |   |
| International equity commingled fund(4)                                                                                                                                                                                                                                   |   |   | 46,632  |   |                                                       |   | - |   |   |   | 46,632 |   |   |   | - |   |
| Fixed income securities:                                                                                                                                                                                                                                                  |   |   |    |   |                                                       |   |   |   |   |   |   |   |   |   |   |   |
| U.S. treasury, government and agency securities(5)                                                                                                                                                                                                                        |   |   | 3,610   |   |                                                       |   | - |   |   |   | 3,610 |   |   |   | - |   |
| Corporate securities(5)                                           |   |   | 25,617  |   |                                                       |   | - |   |   |   | 25,617 |   |   |   | - |   |
| Asset and mortgage backed  securities(6)                                                                                                                                                                                                                             |   |   | 13,969  |   |                                                       |   | - |   |   |   | 13,969 |   |   |   | - |   |
| U.S. bond commingled fund(7)                                                                                                                                                                                                                                              |   |   | 16,935  |   |                                                       |   | - |   |   |   | 16,935 |   |   |   | - |   |
| Short-term investment commingled fund(8)                                                                                                                                                                                                                                  |   |   | 36,789  |   |                                                       |   | - |   |   |   | 36,789 |   |   |   | - |   |
| Total return mutual fund(9)                                                                                                                                                                                                                                               |   |   | 4,183   |   |                                                       |   | 4,183 |   |   |   | - |   |   |   | - |   |
| Subtotal                                                |   | $      | 253,326 |   |                                                       | $      | 74,078 |   |   | $ | 179,248 |   |   | $ | - |   |
| Other assets and liabilities(10)                                                                                                                                                                                                                                          |   |   | (1,516  | )      |                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                   |   | $      | 251,810 |   |                                                       |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                      |   |   |    |   | Fair Value Measurements at                                 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                      |   |   |    |   | January 31, 2010                                           |   |
| Asset Category                                                                                                                                                                                                                                                            |   | Total  |    |   | Quoted PricesIn ActiveMarkets forIdentical Assets(Level 1) |   |   | SignificantObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
| Equity securities:                                                                                                                                                                                                                                                        |   |   |    |   |                                                       |   |   |   |   |   |   |   |
| U.S. equities(1)                                                  |   | $      | 41,089  |   |                                                       | $      | 41,089 |   |   | $ | - |   |   | $ | - |   |
| International equities(1)                                         |   |   | 2,332   |   |                                                       |   | 2,332 |   |   |   | - |   |   |   | - |   |
| Global equity mutual fund(2)                                                                                                                                                                                                                                              |   |   | 11,280  |   |                                                       |   | 11,280 |   |   |   | - |   |   |   | - |   |
| U.S. equity commingled fund(3)                                                                                                                                                                                                                                            |   |   | 30,300  |   |                                                       |   | - |   |   |   | 30,300 |   |   |   | - |   |
| International equity commingled fund(4)                                                                                                                                                                                                                                   |   |   | 40,790  |   |                                                       |   | - |   |   |   | 40,790 |   |   |   | - |   |
| Fixed income securities:                                                                                                                                                                                                                                                  |   |   |    |   |                                                       |   |   |   |   |   |   |   |   |   |   |   |
| U.S. treasury, government and agency securities(5)                                                                                                                                                                                                                        |   |   | 2,710   |   |                                                       |   | - |   |   |   | 2,710 |   |   |   | - |   |
| Corporate securities(5)                                           |   |   | 20,056  |   |                                                       |   | - |   |   |   | 20,056 |   |   |   | - |   |
| Asset and mortgage backed securities(6)                                                                                                                                                                                                                                   |   |   | 14,776  |   |                                                       |   | - |   |   |   | 14,776 |   |   |   | - |   |
| U.S. bond commingled fund(7)                                                                                                                                                                                                                                              |   |   | 16,111  |   |                                                       |   | - |   |   |   | 16,111 |   |   |   | - |   |
| Short-term investment commingled fund(8)                                                                                                                                                                                                                                  |   |   | 24,482  |   |                                                       |   | - |   |   |   | 24,482 |   |   |   | - |   |
| Total return mutual fund(9)                                                                                                                                                                                                                                               |   |   | 3,817   |   |                                                       |   | 3,817 |   |   |   | - |   |   |   | - |   |
| Subtotal                                                |   | $      | 207,743 |   |                                                       | $      | 58,518 |   |   | $ | 149,225 |   |   | $ | - |   |
| Other assets and liabilities(10)                                                                                                                                                                                                                                          |   |   | 140     |   |                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                   |   | $      | 207,883 |   |                                                       |   |   |   |   |   |   |   |   |   |   |   |

| (2) | Valued at the net asset value of the fund, as determined by the closing price in the active market in which the individual fund is traded. This fund invests in a portfolio of U.S. and international equities seeking long-term growth of principal and income. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Valued at the net asset value of the fund, as determined by a pricing vendor or the fund family. The Company has the ability to redeem these investments at net asset value within the near term and therefore classifies these investments within Level 2. This fund invests in U.S. large cap equities that track the S&P 500 Index. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Valued at the net asset value of the fund, as determined by a pricing vendor or the fund family. The Company has the ability to redeem these investments at net asset value within the near term and therefore classifies these investments within Level 2. This fund invests primarily in equities outside the U.S. seeking long-term capital appreciation. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Valued with bid evaluation pricing that uses actual trades in active markets when available as well as models with market inputs that include actual and comparable trade data, market benchmarks, broker quotes, trading spreads and/or other applicable data. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Valued with bid evaluation pricing using a combined market/income approach that includes discounted projected cash flows, comparable trade data, market benchmarks and/or other applicable data. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Valued at the net asset value of the fund, as determined by a pricing vendor or the fund family. The Company has the ability to redeem these investments at net asset value within the near term and therefore classifies these investments within Level 2. This fund invests in fixed income securities to track to the Barclays Capital U.S. aggregate bond index. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Valued at the net asset value of the fund, as determined by a pricing vendor or the fund family. The Company has the ability to redeem these investments at net asset value within the near term and therefore classifies these investments within Level 2. This fund invests in high grade, short-term, money market instruments. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (9) | Valued at the net asset value of the fund, as determined by the closing price in the active market in which the individual fund is traded. This fund invests in both equity securities and fixed income securities seeking a high total return. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2010   |    |   | 2009   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |    |   |   |   |
| Number of plans with projected benefit obligations in excess of plan assets                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 6       |   |   |   | 6 |   |
| Aggregate projected benefit obligation                                                                           |   | $      | 319,048 |   |   | $      | 283,639 |   |
| Aggregate fair value of related plan assets                                                                      |   | $      | 251,810 |   |   | $      | 207,883 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |    |   |   |   |   |   |
| Number of plans with accumulated benefit obligations in excess of plan assets                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 6       |   |   |   | 6 |   |
| Aggregate accumulated benefit obligation                                                                         |   | $      | 298,618 |   |   | $      | 266,082 |   |
| Aggregate fair value of related plan assets                                                                      |   | $      | 251,810 |   |   | $      | 207,883 |   |

| Net Benefit Cost Recognized in Selling, General and Administrative Expenses                                                                                                                                                        |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   | Pension Plans |   |   | CAP and SERP Plans |   |   | Postretirement Plan |   |
|                                                                                                                                                                                                                               |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |
| Service cost, including plan   expenses                                                                                                                                                                                  |   | $ | 9,516 |   |   | $ | 7,637 |   |   | $ | 7,925 |   |   | $ | 90 |   |   | $ | 70 |   |   | $ | 74 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Interest cost                                       |   |   | 17,843 |   |   |   | 16,937 |   |   |   | 15,831 |   |   |   | 1,623 |   |   |   | 958 |   |   |   | 987 |   |   |   | 1,090 |   |   |   | 1,459 |   |   |   | 1,423 |   |
| Amortization of net loss (gain)                                                                                                                                                                                                    |   |   | 7,580 |   |   |   | 2,325 |   |   |   | 2,237 |   |   |   | (8 | ) |   |   | (39 | ) |   |   | (169 | ) |   |   | - |   |   |   | 258 |   |   |   | 271 |   |
| Expected return on plan assets                                                                                                                                                                                                     |   |   | (19,970 | ) |   |   | (20,028 | ) |   |   | (18,341 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Amortization of prior service (credit) cost                                                                                                                                                                                        |   |   | (62 | ) |   |   | (30 | ) |   |   | 39 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (817 | ) |   |   | (817 | ) |   |   | (817 | ) |
| Curtailment loss                                    |   |   | - |   |   |   | 13 |   |   |   | 6 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Total                                               |   | $ | 14,907 |   |   | $ | 6,854 |   |   | $ | 7,697 |   |   | $ | 1,705 |   |   | $ | 989 |   |   | $ | 892 |   |   | $ | 273 |   |   | $ | 900 |   |   | $ | 877 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |

----

| Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss                                                                                                                                    |   |          |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|--------|--------|
|                                                                                                                                                                                                                                    |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                    |   | Pension Plans |   |   | CAP and SERP Plans |   |   | Postretirement Plan |   |
|                                                                                                                                                                                                                                    |   | 2010          |   |   | 2009 |   |   | 2008 |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                                                                                                                                    |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial loss (gain)                                    |   | $             | 11,844 |   |   | $ | 12,207 |   |   | $ | 88,541 |   |   | $ | 62 |   |   | $ | 1,809 |   |   | $ | (961 | ) |   | $ | (3,969 | ) |   | $ | 1,666 |   |   | $ | (222 | )  |
| Effect of the adoption of the measurement date provisions of FASB guidance for retirement benefits                                                                                                                                      |   |          | -      |   |   |   | - |   |   |   | (129 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 44 |   |
| Prior service cost                                       |   |          | 9      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Amortization of prior service credit (cost)                                                                                                                                                                                             |   |          | 62     |   |   |   | 16 |   |   |   | (41 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 817 |   |   |   | 817 |   |   |   | 817 |   |
| Amortization of net (loss) gain                                                                                                                                                                                                         |   |          | (7,580 | )      |   |   | (2,325 | ) |   |   | (2,237 | ) |   |   | 8 |   |   |   | 39 |   |   |   | 169 |   |   |   | - |   |   |   | (258 | ) |   |   | (271 | )  |
| Loss (gain) recognized in other comprehensive (income) loss                                                                                                                                                                             |   | $             | 4,335  |   |   | $ | 9,898 |   |   | $ | 86,134 |   |   | $ | 70 |   |   | $ | 1,848 |   |   | $ | (792 | ) |   | $ | (3,152 | ) |   | $ | 2,225 |   |   | $ | 368 |   |
|                                                                                                                                                                                                                                    |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total recognized in net benefit cost and other comprehensive (income) loss                                                                                                                                                              |   | $             | 19,242 |   |   | $ | 16,752 |   |   | $ | 93,831 |   |   | $ | 1,775 |   |   | $ | 2,837 |   |   | $ | 100 |   |   | $ | (2,879 | ) |   | $ | 3,125 |   |   | $ | 1,245 |   |

|                                                                                                                                                                                                                        |   |          |    |   |         |   |   | Postretirement Plan |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------------|--------|--------|---------------------|--------|
|                                                                                                                                                                                                                        |   |          |    |   | CAP and SERP |   |   | Excluding Medicare  |   |   | Expected Medicare |   |
|                                                                                                                                                                                                                        |   | Pension Plans |    |   | Plans        |   |   | Subsidy Receipts    |   |   | Subsidy Receipts |   |
|                                                                                                                                                                                                                        |   |          |    |   |         |   |   |                |   |   |   |   |
| 2011                                         |   |          | 16,526  |   |         |   | 2,295  |                |   |   | 2,122 |   |   |   | 108 |   |
| 2012                                         |   |          | 17,575  |   |         |   | 2,647  |                |   |   | 2,028 |   |   |   | 105 |   |
| 2013                                         |   |          | 17,623  |   |         |   | 2,742  |                |   |   | 1,930 |   |   |   | 100 |   |
| 2014                                         |   |          | 16,962  |   |         |   | 2,948  |                |   |   | 1,855 |   |   |   | 95 |   |
| 2015                                         |   |          | 18,636  |   |         |   | 2,787  |                |   |   | 1,756 |   |   |   | 89 |   |
| 2016-2020                                    |   |          | 111,098 |   |         |   | 19,437 |                |   |   | 7,170 |   |   |   | 341 |   |

|                                                             |   | 1% Increase |   |   | 1% Decrease |   |
|------------------------------------------------------------------|--------|-------------|--------|--------|-------------|--------|
|                                                             |   |        |   |   |        |   |
| Impact on service and interest cost                              |   | $           | 66     |   |        | $      | (60 | )   |
| Impact on year-end accumulated postretirement benefit obligation |   | $           | 1,138  |   |        | $      | (1,028 | )   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2010   |   |   | 2009   |   |   | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |
| Discount rate                                                                                          |   |   | 6.09   | %      |   |   | 6.35   | %      |   |   | 7.19 | % |
| Rate of increase in compensation levels (applies to pension plans only)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 4.30   | %      |   |   | 4.29   | %      |   |   | 4.28 | % |
| Long-term rate of return on assets (applies to pension plans only)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 8.25   | %      |   |   | 8.25   | %      |   |   | 8.25 | % |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2010   |   |   | 2009   |   |    | 2008   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |    |   |   |
| Domestic                                                                              |   | $      | 21,693 |   |   | $      | 209,960 |   |   | $ | 149,123 |   |
| Foreign                                                                               |   |   | 54,880 |   |   |   | 1,623   |   |   |   | (2,819 | ) |
| Total                                                                                 |   | $      | 76,573 |   |   | $      | 211,583 |   |   | $ | 146,304 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2010   |    |   | 2009   |   |   | 2008   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|--------|
| Federal:                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |    |   |   |   |   |   |   |
| Current                                                                                 |   | $      | 8,992   |   |   | $      | 26,349 |   |   | $ | 61,478 |   |
| Deferred                                                                                |   |   | (11,167 | )      |   |   | 4,929  |   |   |   | (15,400 | ) |
| State and local:                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |    |   |   |   |   |   |   |   |   |   |
| Current                                                                                 |   |   | 2,759   |   |   |   | 7,580  |   |   |   | 3,894 |   |
| Deferred                                                                                |   |   | 1,305   |   |   |   | (215   | )      |   |   | (2,919 | ) |
| Foreign:                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |    |   |   |   |   |   |   |   |   |   |
| Current                                                                                 |   |   | 23,510  |   |   |   | 11,030 |   |   |   | 7,480 |   |
| Deferred                                                                                |   |   | (2,631  | )      |   |   | -      |   |   |   | - |   |
| Total                                                                              |   | $      | 22,768  |   |   | $      | 49,673 |   |   | $ | 54,533 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2010   |     |   | 2009   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |     |   |   |   |
| Depreciation and amortization                                                                                   |   | $      | 5,972    |   |   | $      | (10,631 | ) |
| Employee compensation and benefits                                                                              |   |   | 35,235   |   |   |   | 26,728 |   |
| Tax loss and credit carryforwards                                                                               |   |   | 108,463  |   |   |   | 6,215 |   |
| Tax benefit on items in accumulated other comprehensive income (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | 50,223   |   |   |   | 48,889 |   |
| Book versus tax basis difference related to identifiable intangible assets                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | (691,280 | )      |   |   | (230,580 | ) |
| Business acquisition costs                                                                                      |   |   | 7,626    |   |   |   | (12,388 | ) |
| Other, net                                                                                                      |   |   | 57,363   |   |   |   | 4,426 |   |
| Subtotal                                                                                                        |   |   | (426,398 | )      |   |   | (167,341 | ) |
| Valuation allowance for foreign/state net operating loss carryforwards                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (20,417  | )      |   |   | (3,487 | ) |
| Total                                                                                                           |   | $      | (446,815 | )      |   | $      | (170,828 | ) |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2010   |   |          | 2009   |   |   | 2008          |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|---------------|--------|--------|--------|---------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |          |   |   |   |          |   |
| Statutory federal tax rate                                                                                               |   |   | 35.0   | %   |   |   | 35.0   | %   |   |   | 35.0 | %   |
| State and local income taxes, net of federal income tax benefit                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 5.3    | %   |   |   | 2.3    | %   |   |   | 1.1 | %   |
| International rate difference                                                                                            |   |   | (33.7  | )%       |   |   | 0.0    | %   |   |   | 0.0 | %   |
| Acquisition adjustments                                                                                                  |   |   | 30.5   | %   |   |   | 0.0    | %   |   |   | 0.0 | %   |
| Unrecognized tax benefits                                                                                                |   |   | (3.8   | )%       |   |   | (13.1  | )%       |   |   | 2.1 | %   |
| Decrease in the Netherlands income tax rate                                                                              |   |   | (6.8   | )%       |   |   | 0.0    | %   |   |   | 0.0 | %   |
| Other, net                                                                                                               |   |   | 3.2    | %   |   |   | (0.7   | )%       |   |   | (0.9 | )%  |
| Effective tax rate                                                                                                       |   |   | 29.7   | %   |   |   | 23.5   | %   |   |   | 37.3 | %   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2010   |    |   | 2009   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |    |   |   |   |
| Balance at beginning of year                                                                                                 |   | $      | 34,466  |   |   | $      | 88,910 |   |
| Increase due to assumed Tommy Hilfiger positions                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 132,824 |   |   |   | - |   |
| Increases related to prior year tax positions                                                                                |   |   | 331     |   |   |   | 2,964 |   |
| Decreases related to prior year tax positions                                                                                |   |   | (764    | )      |   |   | (13,417 | ) |
| Increases related to current year tax positions                                                                              |   |   | 11,623  |   |   |   | 9,492 |   |
| Settlements                                                                                                                  |   |   | -       |   |   |   | (24,083 | ) |
| Lapses in statute of limitations                                                                                             |   |   | (8,873  | )      |   |   | (29,400 | ) |
| Balance at end of year                                                                                                       |   | $      | 169,607 |   |   | $      | 34,466 |   |

----

|                                                                                                                                                                                                                                                                      |   | Asset Derivatives (Classified in Other Current Assets) |    |   | Liability Derivatives (Classified in Accrued Expenses) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|---------|--------|-----------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                      |   | 1/30/11                                                               |    |   | 1/31/10                                                               |   |   | 1/30/11 |   |   | 1/31/10 |   |
|                                                                                                                                                                                                                                                                      |   |                                                                  |    |   |                                                                  |   |   |   |   |   |   |   |
| Designated hedges                                            |   | $                                                                     | 417     |   |                                                                  | $      | - |   |   | $ | 12,572 |   |   | $ | - |   |
| Undesignated hedges                                          |   |                                                                  | -  |   |                                                                  |   | -  |   |   |   | 2,940 |   |   |   | -  |   |
|                                                                                                                                                                                                                                                                      |   | $                                                                     | 417     |   |                                                                  | $      | - |   |   | $ | 15,512 |   |   | $ | - |   |

|   | Amount of Loss           | Loss Reclassified from                                                                                                                                                                                       |                                                                                                                                                           |
|--------|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Recognized in Other      | Accumulated Other Comprehensive                                                                                                                                                                              | Loss Recognized in                                                                                                                                             |
|   | Comprehensive Income     | Income (Loss) into Income (Expense)                                                                                                                                                                          | Income (Expense) on Derivatives                                                                                                                                |
|   | (Loss) on Derivatives    |                (Effective Portion)                |            (Ineffective Portion)            |
|   | (Effective Portion) | Location                                                                                                                                                                                                     |          Amount                                                      | Location |        Amount        |
|   | 2010                     |    2009                                                                                                                                                                                       |                                                                                                                                                           | 2010 | 2009 |   | 2010 | 2009 |
| $      | (17,883)                 | $     -                                                                                                                                               | Cost of goods sold                                                                                                                                             | $(5,580)   | $    -         | Selling, general and administrative expenses | $(1,922)  | $   -        |

| Loss Recognized                              |   |
|----------------------------------------------|--------|
| in Income (Expense)                          |   |
| Location                                     |   | Amount |   |
|                                         |   | 2010 |   |   | 2009 |   |
| Selling, general and administrative expenses |   | $ | (2,868 | )   |   | $ | - |   |

----

|                                                                                                                                                                                                                                                                                                                   |   |                                     |   |   |     |   |   |    |   |   | Total Fair |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|--------|--------|----------|--------|--------|---------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                   |   |  Fair Value Measurement Using  |   |   | Value at |   |
| Description                                                                                                                                                                                                                                                                                                            |   | Level 1                                  |   |   | Level 2  |   |   | Level 3 |   |   | 1/30/11    |   |
| Derivative instrument assets                                                |   |                                     | N/A    |   |     | $      | 417    |    |   |   | N/A        |   |   | $ | 417 |   |
| Derivative instrument liabilities                                                                                                                                                                                                                                                                                      |   |                                     | N/A    |   |     | $      | 15,512 |    |   |   | N/A        |   |   | $ | 15,512 |   |

|                                                                                                                                                                                                       |   |                         |   |   | Fair Value |   |   |    |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|--------|--------|------------|--------|--------|---------|--------|
|                                                                                                                                                                                                       |   |                         |   |   | as of      |   |   |    |   |
|                                                                                                                                                                                                       |   | Fair Value Measurement Using |   |   | Impairment |   |   | Total   |   |
|                                                                                                                                                                                                       |   | Level 1                      |   |   | Level 2    |   |   | Level 3 |   |   | Date |   |   | Impairments |   |
|                                                                                                                                                                                                       |   |                         |   |   |       |   |   |    |   |   |   |   |   |   |   |
| 2010                                  |   |                         | N/A    |   |       | $      | 200    |    |   | $ | 91 |   |   | $ | 291 |   |   | $ | 13,900 |   |
| 2009                                  |   |                         | N/A    |   |       | $      | 1,425  |    |   | $ | 860 |   |   | $ | 2,285 |   |   | $ | 7,290 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                    |   | 2010     |      |   | 2009   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|-----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                    |   | Carrying |      |   | Fair   |   |   | Carrying |   |   | Fair |   |
|                                                                                                                                                                                                                                                                                                                                                                                                    |   | Amount   |      |   | Value  |   |   | Amount |   |   | Value |   |
|                                                                                                                                                                                                                                                                                                                                                                                                    |   |     |      |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                                                              |   | $        | 498,718   |   |   | $      | 498,718 |   |   | $ | 480,882 |   |   | $ | 480,882 |   |
| Short-term borrowings                                                                  |   |     | 4,868     |   |   |   | 4,868 |   |   |   | - |   |   |   | - |   |
| Long-term debt                                                                         |   |     | 2,364,002 |   |   |   | 2,415,980 |   |   |   | 399,584 |   |   |   | 397,438 |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2010   |   |   | 2009   |   |   | 2008   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |
| Weighted average risk-free interest rate                                                                                            |   |   | 2.63   | %      |   |   | 2.58   | %      |   |   | 2.79 | % |
| Weighted average expected option term (in years)                                                                                    |   |   | 6.25   |   |   |   | 6.59   |   |   |   | 6.25 |   |
| Weighted average expected volatility                                                                                                |   |   | 42.60  | %      |   |   | 38.92  | %      |   |   | 29.49 | % |
| Expected annual dividends per share                                                                                                 |   | $      | 0.15   |   |   | $      | 0.15   |   |   | $ | 0.15 |   |
| Weighted average estimated fair value per option                                                                                    |   | $      | 26.67  |   |   | $      | 11.16  |   |   | $ | 12.16 |   |

|                                                                                                                                                                                                                                                                                                                                                                            |   |    |   |   |              |   |   |             |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------|--------|-------------------|--------|--------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                            |   |    |   |   | Range of Exercise |   |   | Weighted Average |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   | Options |   |   | Prices Per Option |   |   | Price Per Option |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |    |   |   |              |   |   |             |   |   |   |   |   |   |   |
| Outstanding at January 31, 2010                                                         |   |    | 3,616  |   |              | $      | 9.13   |             |   |   | - |   |   | $ | 60.35 |   |   | $ | 30.16 |   |
|    Granted                                                               |   |    | 170    |   |              |   | 56.04  |             |   |   | - |   |   |   | 61.60 |   |   |   | 60.18 |   |
|    Exercised                                                             |   |    | 931    |   |              |   | 9.13   |             |   |   | - |   |   |   | 58.60 |   |   |   | 25.68 |   |
|    Cancelled                                                             |   |    | 2      |   |              |   | 22.79  |             |   |   | - |   |   |   | 35.63 |   |   |   | 28.27 |   |
| Outstanding at January 30, 2011                                                         |   |    | 2,853  |   |              | $      | 12.34  |             |   |   | - |   |   | $ | 61.60 |   |   | $ | 33.41 |   |
| Exercisable at January 30, 2011                                                         |   |    | 1,908  |   |              | $      | 12.34  |             |   |   | - |   |   | $ | 60.35 |   |   | $ | 31.93 |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |    |   |   |              |   |   |             |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   | Weighted Average |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   | Grant Date       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | RSUs   |   |   | Fair Value       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |             |   |
| Non-vested at January 31, 2010                                                                              |   |   | 734    |   |             | $      | 35.85 |   |
|    Granted                                                                                   |   |   | 188    |   |             |   | 59.49 |   |
|    Vested                                                                                    |   |   | 90     |   |             |   | 44.55 |   |
|    Cancelled                                                                                 |   |   | 18     |   |             |   | 41.24 |   |
| Non-vested at January 30, 2011                                                                              |   |   | 814    |   |             | $      | 40.24 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |       |   |   | Weighted Average |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------|--------|--------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Restricted |   |   | Grant Date       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Stock      |   |   | Fair Value       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |       |   |   |             |   |
| Non-vested at January 31, 2010                                                                              |   |       | -      |   |             | $      | - |   |
|    Granted                                                                                   |   |       | 351    |   |             |   | 60.41 |   |
|    Vested                                                                                    |   |       | 1      |   |             |   | 60.41 |   |
| Non-vested at January 30, 2011                                                                              |   |       | 350    |   |             | $      | 60.41 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |        |   |   | Weighted Average |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Performance |   |   | Grant Date       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Shares      |   |   | Fair Value       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |        |   |   |             |   |
| Non-vested at January 31, 2010                                                                              |   |        | 89     |   |             | $      | 41.80 |   |
|    Granted                                                                                   |   |        | 611    |   |             |   | 52.69 |   |
|    Vested                                                                                    |   |        | 28     |   |             |   | 41.80 |   |
|    Cancelled                                                                                 |   |        | 61     |   |             |   | 41.80 |   |
| Non-vested at January 30, 2011                                                                              |   |        | 611    |   |             | $      | 52.69 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2010   |    |   | 2009   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |    |   |   |   |
| Foreign currency translation adjustments                                                                         |   | $      | 147,870 |   |   | $      | (1,006 | ) |
| Retirement liability adjustment                                                                                  |   |   | (80,214 | )      |   |   | (79,442 | ) |
| Unrealized losses on derivative financial instruments                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | (11,899 | )      |   |   | - |   |
| Total                                                                                                            |   | $      | 55,757  |   |   | $      | (80,448 | ) |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Capital |   |   | Operating |   |      |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------|--------|-----------|--------|-----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Leases  |   |   | Leases    |   |      | Total  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |    |   |   |      |   |      |   |   |
| 2011                                                                                                       |   | $       | 7,352  |   |      | $      | 268,509   |   |   | $ | 275,861 |   |
| 2012                                                                                                       |   |    | 6,428  |   |      |   | 238,786   |   |   |   | 245,214 |   |
| 2013                                                                                                       |   |    | 3,677  |   |      |   | 209,038   |   |   |   | 212,715 |   |
| 2014                                                                                                       |   |    | 2,172  |   |      |   | 182,171   |   |   |   | 184,343 |   |
| 2015                                                                                                       |   |    | 1,400  |   |      |   | 160,751   |   |   |   | 162,151 |   |
| Thereafter                                                                                                 |   |    | 9,627  |   |      |   | 613,240   |   |   |   | 622,867 |   |
| Total minimum lease payments                                                                               |   |    | 30,656 |   |      | $      | 1,672,495 |   |   | $ | 1,703,151 |   |
| Less: Amount representing interest                                                                         |   |    | (5,765 | )      |      |   |      |   |   |   |   |   |
| Present value of net minimum capital lease payments                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $       | 24,891 |   |      |   |      |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2010   |    |   | 2009   |   |    | 2008   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |    |   |   |   |    |   |   |
| Minimum                                                                                                                  |   | $      | 239,425 |   |   | $      | 114,538 |   |   | $ | 122,715 |   |
| Percentage and other                                                                                                     |   |   | 49,069  |   |   |   | 26,656  |   |   |   | 26,589 |   |
| Less:  Sublease rental income                                                                                  |   |   | (2,925  | )      |   |   | (1,164  | )      |   |   | (2,319 | ) |
| Total                                                                                                                    |   | $      | 285,569 |   |   | $      | 140,030 |   |   | $ | 146,985 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | Total    |   |   |     |   |   |       |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|----------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | Expected |   |   | Incurred |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | to be    |   |   | During   |   |   | Liability  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | Incurred |   |   | 2010     |   |   | at 1/30/11 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |     |   |   |     |   |   |       |   |
| Severance, termination benefits and other costs                                                                                                                                                                                                                                                                                                                                                                                                |   | $        | 25,293 |   |     | $      | 19,793 |       |   | $ | 16,258 |   |
| Long-lived asset impairments                                                                    |   |     | 11,017 |   |     |   | 11,017 |       |   |   | - |   |
| Inventory liquidation costs                                                                     |   |     | 2,583  |   |     |   | 2,583  |       |   |   | - |   |
| Lease/contract termination and related costs                                                                                                                                                                                                                                                                                                                                                                                                   |   |     | 18,665 |   |     |   | 3,165  |       |   |   | 3,165 |   |
| Total                                                                                           |   | $        | 57,558 |   |     | $      | 36,558 |       |   | $ | 19,423 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Total    |   |   |     |   |   |       |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|----------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Expected |   |   | Incurred |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | to be    |   |   | During   |   |   | Liability  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Incurred |   |   | 2010     |   |   | at 1/30/11 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |     |   |   |     |   |   |       |   |
| Severance, termination benefits and other costs                                                                                                                                                                                                                                                                                                                                                                                                            |   | $        | 759    |   |     | $      | 759    |       |   | $ | 406 |   |
| Lease termination costs                                                                                     |   |     | 795    |   |     |   | 795    |       |   |   | 324 |   |
| Loss on liquidation of foreign operation                                                                    |   |     | 841    |   |     |   | 841    |       |   |   | - |   |
| Disposal of goodwill                                                                                        |   |     | 4,157  |   |     |   | 4,157  |       |   |   | - |   |
| Total                                                                                                       |   | $        | 6,552  |   |     | $      | 6,552  |       |   | $ | 730 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | Incurred    |   |   | Incurred    |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|-------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | During 2009 |   |   | During 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |        |   |   |        |   |
| Severance, termination benefits and other costs                                                                                                                                                                                                                                                                                                                                                                                                |   | $           | 9,467  |   |        | $      | 16,742 |   |
| Long-lived asset impairments                                                                    |   |        | 1,494  |   |        |   | 3,759 |   |
| Lease termination costs                                                                         |   |        | 14,936 |   |        |   | 1,077 |   |
| Total                                                                                           |   | $           | 25,897 |   |        | $      | 21,578 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Incurred    |   |   | Incurred    |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|-------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | During 2009 |   |   | During 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |        |   |   |        |   |
| Heritage Brand Wholesale Dress Furnishings                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $           | 541    |   |        | $      | 8,354 |   |
| Heritage Brand Wholesale Sportswear                                                                     |   |        | 701    |   |        |   | 3,587 |   |
| Heritage Brand Retail                                                                                   |   |        | 2,341  |   |        |   | 1,848 |   |
| Other (Calvin Klein Apparel)                                                                            |   |        | 17,134 |   |        |   | 2,467 |   |
| Calvin Klein Licensing                                                                                  |   |        | -      |   |        |   | 486 |   |
| Corporate                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |        | 5,180  |   |        |   | 4,836 |   |
| Total                                                                                                   |   | $           | 25,897 |   |        | $      | 21,578 |   |

| Severance, termination benefits and other costs                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $      | 3,064  |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Long-lived asset impairments                                                                            |   |   | 6,715  |   |
| Inventory liquidation costs                                                                             |   |   | 5,375  |   |
| Lease termination costs                                                                                 |   |   | 3,094  |   |
| Total                                                                                                   |   | $      | 18,248 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2010   |   |   | 2009   |   |    | 2008   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |    |   |   |
| Net income                                                                                                         |   | $      | 53,805 |   |   | $      | 161,910 |   |   | $ | 91,771 |   |
| Less:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |    |   |   |   |   |   |
| Common stock dividends paid to holders of Series A convertible preferred stock                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | (471   | )      |   |   | -       |   |   |   | - |   |
| Allocation of income to Series A convertible preferred stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | (2,071 | )      |   |   | -       |   |   |   | - |   |
| Net income available to common stockholders for basic net income per common share                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 51,263 |   |   |   | 161,910 |   |   |   | 91,771 |   |
| Add back:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |    |   |   |   |   |   |
| Common stock dividends paid to holders of Series A convertible preferred stock                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 471    |   |   |   | -       |   |   |   | - |   |
| Allocation of income to Series A convertible preferred stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 2,071  |   |   |   | -       |   |   |   | - |   |
| Net income available to common stockholders for diluted net income per common share                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $      | 53,805 |   |   | $      | 161,910 |   |   | $ | 91,771 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |    |   |   |   |   |   |
| Weighted average common shares outstanding for basic net income per common share                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 62,744 |   |   |   | 51,639  |   |   |   | 51,428 |   |
| Weighted average impact of dilutive securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 1,455  |   |   |   | 813     |   |   |   | 712 |   |
| Weighted average impact of dilutive warrant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 72     |   |   |   | 54      |   |   |   | 60 |   |
| Weighted average impact of assumed convertible preferred stock conversion                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 3,107  |   |   |   | -       |   |   |   | - |   |
| Total shares for diluted net income per common share                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 67,378 |   |   |   | 52,506  |   |   |   | 52,200 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |    |   |   |   |   |   |
| Basic net income per common share                                                                                  |   | $      | 0.82   |   |   | $      | 3.14    |   |   | $ | 1.78 |   |
| Diluted net income per common share                                                                                |   | $      | 0.80   |   |   | $      | 3.08    |   |   | $ | 1.76 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2010   |   |   | 2009   |   |   | 2008   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |
| Weighted average potentially dilutive securities                                                                                    |   |   | 287    |   |   |   | 1,578  |   |   |   | 1,682 |   |

----

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2010   |      |   | 2009   |   |      | 2008   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |
| Revenue – Heritage Brand Wholesale Dress Furnishings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |      |   |   |   |      |   |   |
| Net sales                                                                                                          |   | $      | 523,901   |   |   | $      | 489,845   |   |   | $ | 480,881 |   |
| Royalty revenue                                                                                                    |   |   | 5,815     |   |   |   | 5,859     |   |   |   | 7,064 |   |
| Advertising and other revenue                                                                                      |   |   | 2,689     |   |   |   | 1,681     |   |   |   | 2,613 |   |
| Total                                                                                                              |   |   | 532,405   |   |   |   | 497,385   |   |   |   | 490,558 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Revenue – Heritage Brand Wholesale Sportswear                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |      |   |   |   |      |   |   |   |   |   |
| Net sales                                                                                                          |   |   | 568,447   |   |   |   | 473,101   |   |   |   | 501,675 |   |
| Royalty revenue                                                                                                    |   |   | 10,731    |   |   |   | 10,133    |   |   |   | 11,355 |   |
| Advertising and other revenue                                                                                      |   |   | 1,764     |   |   |   | 1,931     |   |   |   | 3,254 |   |
| Total                                                                                                              |   |   | 580,942   |   |   |   | 485,165   |   |   |   | 516,284 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Revenue – Heritage Brand Retail                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |      |   |   |   |      |   |   |   |   |   |
| Net sales                                                                                                          |   |   | 638,902   |   |   |   | 610,337   |   |   |   | 692,936 | (1) |
| Royalty revenue                                                                                                    |   |   | 5,023     |   |   |   | 4,361     |   |   |   | 4,878 |   |
| Advertising and other revenue                                                                                      |   |   | 842       |   |   |   | 795       |   |   |   | 1,307 |   |
| Total                                                                                                              |   |   | 644,767   |   |   |   | 615,493   |   |   |   | 699,121 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Revenue – Calvin Klein Licensing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |      |   |   |   |      |   |   |   |   |   |
| Net sales                                                                                                          |   |   | 38,326    |   |   |   | 32,696    |   |   |   | 33,411 |   |
| Royalty revenue                                                                                                    |   |   | 247,825   |   |   |   | 221,673   |   |   |   | 213,255 |   |
| Advertising and other revenue                                                                                      |   |   | 94,596    |   |   |   | 81,544    |   |   |   | 87,493 |   |
| Total                                                                                                              |   |   | 380,747   |   |   |   | 335,913   |   |   |   | 334,159 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Revenue – Tommy Hilfiger North America                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |      |   |   |   |      |   |   |   |   |   |
| Net sales                                                                                                          |   |   | 889,630   |   |   |   | -         |   |   |   | - |   |
| Royalty revenue                                                                                                    |   |   | 11,558    |   |   |   | -         |   |   |   | - |   |
| Advertising and other revenue                                                                                      |   |   | 3,257     |   |   |   | -    |   |   |   | -  |   |
| Total                                                                                                              |   |   | 904,445   |   |   |   | -         |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Revenue – Tommy Hilfiger International                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |      |   |   |   |      |   |   |   |   |   |
| Net sales                                                                                                          |   |   | 1,007,776 |   |   |   | -         |   |   |   | - |   |
| Royalty revenue                                                                                                    |   |   | 28,690    |   |   |   | -         |   |   |   | - |   |
| Advertising and other revenue                                                                                      |   |   | 4,319     |   |   |   | -    |   |   |   | -  |   |
| Total                                                                                                              |   |   | 1,040,785 |   |   |   | -         |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Revenue – Other (Calvin Klein Apparel)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |      |   |   |   |      |   |   |   |   |   |
| Net sales                                                                                                          |   |   | 552,757   |   |   |   | 464,775   |   |   |   | 451,813 |   |
| Total                                                                                                              |   |   | 552,757   |   |   |   | 464,775   |   |   |   | 451,813 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Total Revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |      |   |   |   |      |   |   |   |   |   |
| Net sales                                                                                                          |   |   | 4,219,739 |   |   |   | 2,070,754 |   |   |   | 2,160,716 |   |
| Royalty revenue                                                                                                    |   |   | 309,642   |   |   |   | 242,026   |   |   |   | 236,552 |   |
| Advertising and other revenue                                                                                      |   |   | 107,467   |   |   |   | 85,951    |   |   |   | 94,667 |   |
| Total(2)                                                                                                           |   | $      | 4,636,848 |   |   | $      | 2,398,731 |   |   | $ | 2,491,935 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 2010   |     |                  | 2009   |   |    | 2008                  |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|-----------------------|--------|--------|---------|-----------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |
| Income before interest and taxes – Heritage Brand Wholesale Dress Furnishings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $      | 65,963   | (4)    |   | $      | 56,066  | (6)    |   | $ | 59,765 | (6)    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |   |   |   |
| Income before interest and taxes – Heritage Brand Wholesale Sportswear                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 56,546   |                  |   |   | 51,437  | (7)    |   |   | 62,963 | (7)    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |   |   |   |
| Income (loss) before interest and taxes – Heritage Brand Retail                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 45,387   |                  |   |   | 28,829  | (8)    |   |   | (23,670 | )(8)   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |   |   |   |
| Income before interest and taxes – Calvin Klein Licensing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 172,928  |                  |   |   | 154,834 |                  |   |   | 150,094 | (9)    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |   |   |   |
| Income before interest and taxes – Tommy Hilfiger North America                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 37,554   | (5)    |   |   | -       |                  |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |   |   |   |
| Income before interest and taxes – Tommy Hilfiger International                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 51,653   | (5)    |   |   | -       |                  |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |   |   |   |
| Income (loss) before interest and taxes – Other (Calvin Klein Apparel)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 73,059   |                  |   |   | 17,195  | (10)        |   |   | (17,505 | )(10) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |   |   |   |
| Loss before interest and taxes – Corporate(3)                                                                                      |   |   | (299,695 | )(5)        |   |   | (64,549 | )(11)                 |   |   | (57,899 | )(11) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |     |                  |   |   |    |                  |   |   |   |   |
| Income before interest and taxes                                                                                                         |   | $      | 203,395  |                  |   | $      | 243,812 |                  |   | $ | 173,748 |   |

|   |   |
|--------|--------|

| (1) | Revenue for the Heritage Brand Retail segment for 2008 includes $94,885 associated with the Company’s Geoffrey Beene outlet retail division, which was closed during 2008. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Macy’s, Inc. accounted for 10.1%, 11.9% and 11.5% of the Company’s revenue in 2010, 2009 and 2008, respectively. This revenue is reported in the Heritage Brand Wholesale Dress Furnishings, Heritage Brand Wholesale Sportswear, Other (Calvin Klein Apparel) and Tommy Hilfiger North America segments. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Includes corporate expenses not allocated to any reportable segments. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance and information technology related to corporate infrastructure. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Income before interest and taxes for 2010 includes costs of $6,552 associated with the Company’s exit from its United Kingdom and Ireland Van Heusen dresswear and accessories business. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Income (loss) before interest and taxes for 2010 includes costs of $338,317 associated with the Company’s acquisition and integration of Tommy Hilfiger, including transaction, restructuring, exit and debt extinguishment costs, short-lived non-cash valuation amortization charges and the effects of hedges against Euro to U.S. dollar exchange rates related to the purchase price. Such costs were included in the Company’s segments as follows: $51,946 in Tommy Hilfiger North America; $62,844 in Tommy Hilfiger International; and $223,527 in corporate expenses not allocated to any reportable segments. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Income before interest and taxes for the Heritage Brand Wholesale Dress Furnishings segment for 2009 and 2008 includes costs associated with the Company’s restructuring initiatives announced during the fourth quarter of 2008. Please see the section entitled “Other Restructuring Costs” in Note 15, “Activity Exit Costs and Asset Impairments,” for a further discussion. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Income before interest and taxes for the Heritage Brand Wholesale Sportswear segment for 2009 and 2008 includes costs associated with the Company’s restructuring initiatives announced during the fourth quarter of 2008. Please see the section entitled “Other Restructuring Costs” in Note 15, “Activity Exit Costs and Asset Impairments,” for a further discussion. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (8) | Income (loss) before interest and taxes for the Heritage Brand Retail segment for 2009 and 2008 includes costs associated with the Company’s restructuring initiatives announced during the fourth quarter of 2008 and long-lived asset impairments. Loss before interest and taxes for the Heritage Brand Retail segment for 2008 also includes costs associated with the closing of the Company’s Geoffrey Beene outlet retail division. Please see the sections entitled “Geoffrey Beene Outlet Retail Activity Exit Costs,” “Other Restructuring Costs” and “Other Asset Impairments” in Note 15, “Activity Exit Costs and Asset Impairments,” for a further discussion. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Income before interest and taxes for the Calvin Klein Licensing segment for 2008 includes costs associated with the Company’s restructuring initiatives announced during the fourth quarter of 2008. Please see the section entitled “Other Restructuring Costs” in Note 15, “Activity Exit Costs and Asset Impairments,” for a further discussion. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Income (loss) before interest and taxes for the Other (Calvin Klein Apparel) segment for 2009 and 2008 includes costs associated with the Company’s restructuring initiatives announced during the fourth quarter of 2008 and long-lived asset impairments. Please see the sections entitled “Other Restructuring Costs” and “Other Asset Impairments” in Note 15, “Activity Exit Costs and Asset Impairments,” for a further discussion. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | Loss before interest and taxes for 2009 and 2008 includes costs associated with the Company’s restructuring initiatives announced during the fourth quarter of 2008. Please see the section entitled “Other Restructuring Costs” in Note 15, “Activity Exit Costs and Asset Impairments,” for a further discussion. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2010   |      |   | 2009   |   |      | 2008   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
| Identifiable Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |      |   |   |
| Heritage Brand Wholesale Dress Furnishings                                                                                 |   | $      | 296,299   |   |   | $      | 278,101   |   |   | $ | 269,511 |   |
| Heritage Brand Wholesale Sportswear                                                                                        |   |   | 297,780   |   |   |   | 249,864   |   |   |   | 240,415 |   |
| Heritage Brand Retail                                                                                                      |   |   | 98,496    |   |   |   | 97,837    |   |   |   | 112,735 |   |
| Calvin Klein Licensing                                                                                                     |   |   | 1,014,231 |   |   |   | 925,832   |   |   |   | 872,453 |   |
| Tommy Hilfiger North America                                                                                               |   |   | 1,167,734 |   |   |   | -         |   |   |   | - |   |
| Tommy Hilfiger International                                                                                               |   |   | 3,170,919 |   |   |   | -         |   |   |   | - |   |
| Other (Calvin Klein Apparel)                                                                                               |   |   | 144,492   |   |   |   | 134,515   |   |   |   | 157,961 |   |
| Corporate                                                                                                                  |   |   | 545,383   |   |   |   | 653,530   |   |   |   | 547,109 |   |
| Total                                                                                                                      |   | $      | 6,735,334 |   |   | $      | 2,339,679 |   |   | $ | 2,200,184 |   |
| Depreciation and Amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |      |   |   |   |      |   |   |   |   |   |
| Heritage Brand Wholesale Dress Furnishings                                                                                 |   | $      | 6,003     |   |   | $      | 7,606     |   |   | $ | 7,190 |   |
| Heritage Brand Wholesale Sportswear                                                                                        |   |   | 5,084     |   |   |   | 6,425     |   |   |   | 4,610 |   |
| Heritage Brand Retail                                                                                                      |   |   | 9,905     |   |   |   | 12,443    |   |   |   | 16,828 |   |
| Calvin Klein Licensing                                                                                                     |   |   | 2,785     |   |   |   | 3,631     |   |   |   | 3,045 |   |
| Tommy Hilfiger North America                                                                                               |   |   | 31,527    |   |   |   | -         |   |   |   | - |   |
| Tommy Hilfiger International                                                                                               |   |   | 72,339    |   |   |   | -         |   |   |   | - |   |
| Other (Calvin Klein Apparel)                                                                                               |   |   | 13,563    |   |   |   | 14,535    |   |   |   | 17,678 |   |
| Corporate                                                                                                                  |   |   | 5,931     |   |   |   | 5,249     |   |   |   | 6,015 |   |
| Total                                                                                                                      |   | $      | 147,137   |   |   | $      | 49,889    |   |   | $ | 55,366 |   |
| Identifiable Capital Expenditures(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |      |   |   |   |      |   |   |   |   |   |
| Heritage Brand Wholesale Dress Furnishings                                                                                 |   | $      | 3,768     |   |   | $      | 2,629     |   |   | $ | 3,716 |   |
| Heritage Brand Wholesale Sportswear                                                                                        |   |   | 3,285     |   |   |   | 1,683     |   |   |   | 7,633 |   |
| Heritage Brand Retail                                                                                                      |   |   | 9,411     |   |   |   | 5,381     |   |   |   | 21,061 |   |
| Calvin Klein Licensing                                                                                                     |   |   | 3,096     |   |   |   | 2,249     |   |   |   | 2,295 |   |
| Tommy Hilfiger North America                                                                                               |   |   | 22,172    |   |   |   | -         |   |   |   | - |   |
| Tommy Hilfiger International                                                                                               |   |   | 42,949    |   |   |   | -         |   |   |   | - |   |
| Other (Calvin Klein Apparel)                                                                                               |   |   | 13,109    |   |   |   | 10,944    |   |   |   | 40,627 |   |
| Corporate                                                                                                                  |   |   | 6,014     |   |   |   | 1,881     |   |   |   | 4,999 |   |
| Total                                                                                                                      |   | $      | 103,804   |   |   | $      | 24,767    |   |   | $ | 80,331 |   |

| (1) | Capital expenditures in 2010 include $3,720 of accruals which will not be paid until 2011. Capital expenditures in 2009 include $911 of accruals which were not paid until 2010. Capital expenditures in 2007 included $7,810 of accruals which were not paid until 2008. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2010   |    |   | 2009   |   |    | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |    |   |   |   |    |   |   |
| Domestic                                                                                 |   | $      | 234,677 |   |   | $      | 164,195 |   |   | $ | 189,571 |   |
| Canada                                                                                   |   |   | 39,033  |   |   |   | 318     |   |   |   | 514 |   |
| Europe                                                                                   |   |   | 116,874 |   |   |   | 1,855   |   |   |   | 986 |   |
| Other foreign                                                                            |   |   | 13,993  |   |   |   | 1,106   |   |   |   | 1,738 |   |
| Total                                                                                    |   | $      | 404,577 |   |   | $      | 167,474 |   |   | $ | 192,809 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2010   |      |   | 2009   |   |      | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |      |   |   |   |      |   |   |
| Domestic                                                                                 |   | $      | 3,114,424 |   |   | $      | 2,129,336 |   |   | $ | 2,236,524 |   |
| Canada                                                                                   |   |   | 237,383   |   |   |   | 48,745    |   |   |   | 36,756 |   |
| Europe                                                                                   |   |   | 974,380   |   |   |   | 133,480   |   |   |   | 132,387 |   |
| Other foreign                                                                            |   |   | 310,661   |   |   |   | 87,170    |   |   |   | 86,268 |   |
| Total                                                                                    |   | $      | 4,636,848 |   |   | $      | 2,398,731 |   |   | $ | 2,491,935 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Year Ended       |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | January 30, 2011 |   |   | January 31, 2010 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |             |   |   |   |   |
| Beginning balance                                                                                                |   | $                | 1,034  |   |   | $ | 675 |   |
| Business acquisitions                                                                                            |   |             | 5,106  |   |   |   | - |   |
| Liabilities incurred                                                                                             |   |             | 276    |   |   |   | 182 |   |
| Liabilities settled (payments)                                                                                   |   |             | (391   | ) |   |   | (63 | ) |
| Accretion expense                                                                                                |   |             | 163    |   |   |   | 56 |   |
| Revisions in estimated cash flows                                                                                |   |             | (149   | ) |   |   | 184 |   |
| Currency translation adjustment                                                                                  |   |             | 733    |   |   |   | - |   |
| Ending balance                                                                                                   |   | $                | 6,772  |   |   | $ | 1,034 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Term Loan |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      | A  |       |   |   | B  |       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| Amended and restated borrowings on March 2, 2011, based on the applicable exchange rate at that date                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $         | 759,804 |   |   | $ | 759,411 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| Percentage required to be repaid for the annual period ending May 6:                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |    |   |   |   |   |   |
| 2012                                                                                      |   |      | 5       | % |   |   | 1 | % |
| 2013                                                                                      |   |      | 10      | % |   |   | 1 | % |
| 2014                                                                                      |   |      | 15      | % |   |   | 1 | % |
| 2015                                                                                      |   |      | 25      | % |   |   | 1 | % |
| 2016                                                                                      |   |      | 45      | % |   |   | 96 | % |

----

----

|                                                                                                                                                                                                                   |   | 1st Quarter |    |   | 2nd Quarter |   |    | 3rd Quarter |   |    | 4th Quarter |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|---------|--------|-------------|--------|---------|-------------|--------|---------|-------------|
|                                                                                                                                                                                                                   |   | 2010(1)     |    |   | 2009(4)     |   |    |        | 2010   | (1),(2) |        |   | 2009 | (4) |   |   | 2010 | (1),(2),(5) |   |   | 2009 | (4),(5) |   |   | 2010 | (1),(3) |   |   | 2009 | (4) |
|                                                                                                                                                                                                                   |   |        |    |   |        |   |    |        |   |    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenue                                          |   | $           | 619,044 |   |        | $      | 557,425 |        |   | $       | 1,103,268   |   |   | $ | 529,283 |   |   | $ | 1,516,419 |   |   | $ | 697,440 |   |   | $ | 1,398,117 |   |   | $ | 614,583 |   |
| Gross profit                                           |   |        | 317,033 |   |        |   | 271,826 |        |   |    | 575,241     |   |   |   | 265,756 |   |   |   | 793,467 |   |   |   | 337,674 |   |   |   | 736,210 |   |   |   | 307,347 |   |
| Net (loss) income                                      |   |        | (27,613 | )      |        |   | 24,711  |        |   |    | (70,624     | ) |   |   | 26,557 |   |   |   | 99,848 |   |   |   | 83,619 |   |   |   | 52,194 |   |   |   | 27,023 |   |
|                                                                                                                                                                                                                   |   |        |    |   |        |   |    |        |   |    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic net (loss) income per common share                                                                                                                                                                               |   |        | (0.53   | )      |        |   | 0.48    |        |   |    | (1.07       | ) |   |   | 0.51 |   |   |   | 1.42 |   |   |   | 1.62 |   |   |   | 0.74 |   |   |   | 0.52 |   |
|                                                                                                                                                                                                                   |   |        |    |   |        |   |    |        |   |    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net (loss) income per common share                                                                                                                                                                             |   |        | (0.53   | )      |        |   | 0.48    |        |   |    | (1.07       | ) |   |   | 0.51 |   |   |   | 1.39 |   |   |   | 1.58 |   |   |   | 0.72 |   |   |   | 0.51 |   |
|                                                                                                                                                                                                                   |   |        |    |   |        |   |    |        |   |    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Price range of stock per common share                                                                                                                                                                                  |   |        |    |   |        |   |    |        |   |    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    High                                 |   |        | 68.18   |   |        |   | 30.48   |        |   |    | 65.22       |   |   |   | 36.08 |   |   |   | 64.13 |   |   |   | 44.85 |   |   |   | 72.42 |   |   |   | 44.92 |   |
|    Low                                  |   |        | 38.25   |   |        |   | 14.09   |        |   |    | 42.81       |   |   |   | 24.71 |   |   |   | 44.69 |   |   |   | 33.15 |   |   |   | 56.27 |   |   |   | 39.03 |   |

| (1) | The first, second, third and fourth quarters of 2010 include pre-tax costs of $104,028, $166,082, $37,197 and $31,010, respectively, associated with the Company’s acquisition and integration of Tommy Hilfiger, including transaction, restructuring and debt extinguishment costs, short-lived non-cash valuation amortization charges and the effects of hedges against Euro to U.S. dollar exchange rates related to the purchase price. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (2) | The second and third quarters of 2010 include a tax expense increase (decrease) of $16,037 and $(19,116), respectively, to previously stated amounts. These adjustments relate to adjusting the purchase price allocation related to the Tommy Hilfiger acquisition in the fourth quarter of 2010, and applying those adjustments retrospectively to the second and third quarters of 2010 in accordance with FASB guidance for business combinations. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | The fourth quarter of 2010 includes pre-tax costs of $6,552 associated with the Company’s exit from its United Kingdom and Ireland Van Heusen dresswear and accessories business. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (4) | The first, second, third and fourth quarters of 2009 include pre-tax costs of $4,720, $6,256, $6,174 and $8,747, respectively, associated with the Company’s restructuring initiatives announced in the fourth quarter of 2008. Please see the section entitled “Other Restructuring Costs” in Note 15, “Activity Exit Costs and Asset Impairments,” for a further discussion. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | The third quarters of 2010 and 2009 include tax benefits of $8,873 and $29,400 related to the lapses of the statute of limitations with respect to certain previously unrecognized tax positions. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  /s/ EMANUEL CHIRICO            |  /s/ MICHAEL SHAFFER    |
|--------------------------------------|------------------------------|
|                                 |                         |
| Emanuel Chirico                      | Michael Shaffer              |
| Chairman and Chief Executive Officer | Executive Vice President and |
| March 30, 2011                       | Chief Financial Officer      |
|                                 | March 30, 2011               |

----

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2010(1) |      |   | 2009(2) |   |      | 2008(3) |   |   | 2007      |   |   | 2006(4) |      |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|-----------|--------|---------|--------|-----------|---------|--------|--------|-----------|--------|--------|---------|-----------|
| Summary of Operations                                                                                                                                                                                                                                                                                                                                                                                      |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |
| Revenue                                                                                             |   | $       | 4,636,848 |   |    | $      | 2,398,731 |    |   | $      | 2,491,935 |   |   | $       | 2,425,175 |   |   | $ | 2,090,648 |   |
| Cost of goods sold and expenses                                                                     |   |    | 4,433,453 |   |    |   | 2,154,919 |    |   |   | 2,318,187 |   |   |    | 2,113,345 |   |   |   | 1,825,342 |   |
| Income before interest and taxes                                                                    |   |    | 203,395   |   |    |   | 243,812   |    |   |   | 173,748   |   |   |    | 311,830   |   |   |   | 265,306 |   |
| Interest expense, net                                                                               |   |    | 126,822   |   |    |   | 32,229    |    |   |   | 27,444    |   |   |    | 17,009    |   |   |   | 16,873 |   |
| Income tax expense                                                                                  |   |    | 22,768    |   |    |   | 49,673    |    |   |   | 54,533    |   |   |    | 111,502   |   |   |   | 93,204 |   |
|      Net income                                                            |   | $       | 53,805    |   |    | $      | 161,910   |    |   | $      | 91,771    |   |   | $       | 183,319   |   |   | $ | 155,229 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |   |   |   |   |   |
| Per Share Statistics                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |   |   |   |   |   |
| Basic net income per common share                                                                   |   | $       | 0.82      |   |    | $      | 3.14      |    |   | $      | 1.78      |   |   | $       | 3.29      |   |   | $ | 2.71 |   |
| Diluted net income per common share                                                                                                                                                                                                                                                                                                                                                                        |   |    | 0.80      |   |    |   | 3.08      |    |   |   | 1.76      |   |   |    | 3.21      |   |   |   | 2.64 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |   |   |   |   |   |
| Dividends paid per common share                                                                     |   |    | 0.15      |   |    |   | 0.15      |    |   |   | 0.15      |   |   |    | 0.15      |   |   |   | 0.15 |   |
| Stockholders’ equity per equivalent common share(5)                                                                                                                                                                                                                                                                                                                                             |   |    | 34.28     |   |    |   | 22.51     |    |   |   | 19.40     |   |   |    | 18.65     |   |   |   | 16.87 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |   |   |   |   |   |
| Financial Position                                                                                                                                                                                                                                                                                                                                                                                         |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |   |   |   |   |   |
| Current assets                                                                                      |   |    | 1,810,563 |   |    |   | 994,883   |    |   |   | 864,429   |   |   |    | 836,219   |   |   |   | 799,863 |   |
| Current liabilities (including short-term borrowings)                                                                                                                                                                                                                                                                                                                                                      |   |    | 908,162   |   |    |   | 362,881   |    |   |   | 349,238   |   |   |    | 360,148   |   |   |   | 298,026 |   |
| Working capital                                                                                     |   |    | 902,401   |   |    |   | 632,002   |    |   |   | 515,191   |   |   |    | 476,071   |   |   |   | 501,837 |   |
| Total assets                                                                                        |   |    | 6,735,334 |   |    |   | 2,339,679 |    |   |   | 2,200,184 |   |   |    | 2,172,394 |   |   |   | 2,013,345 |   |
| Capital leases                                                                                      |   |    | 24,891    |   |    |   | -         |    |   |   | -         |   |   |    | -         |   |   |   | - |   |
| Long-term debt                                                                                      |   |    | 2,364,002 |   |    |   | 399,584   |    |   |   | 399,567   |   |   |    | 399,552   |   |   |   | 399,538 |   |
| Series B convertible preferred stock                                                                |   |    | -         |   |    |   | -         |    |   |   | -         |   |   |    | -         |   |   |   | - |   |
| Stockholders’ equity                                                                          |   | $       | 2,442,557 |   |    | $      | 1,168,553 |    |   | $      | 998,795   |   |   | $       | 956,283   |   |   | $ | 942,157 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |   |   |   |   |   |
| Other Statistics                                                                                                                                                                                                                                                                                                                                                                                           |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |   |   |   |   |   |
| Total debt to total capital(6)                                                                      |   |    | 49.5      | %      |    |   | 25.5      | %  |   |   | 28.6      | %      |   |    | 29.5      | % |   |   | 29.8 | % |
| Net debt to net capital(7)                                                                          |   |    | 43.7      | %      |    |   | (7.5      | )%      |   |   | 6.7       | %      |   |    | 11.9      | % |   |   | 3.4 | % |
| Current ratio                                                                                       |   |    | 2.0       |   |    |   | 2.7       |    |   |   | 2.5       |   |   |    | 2.3       |   |   |   | 2.7 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |      |   |   |    |      |   |   |   |   |   |

| (1) | 2010 includes (a) pre-tax costs of $338,317 associated with the Company’s acquisition and integration of Tommy Hilfiger, including transaction, restructuring and debt extinguishment costs, non-cash valuation amortization charges and the effects of hedges against Euro to U.S. dollar exchange rates related to the purchase price; (b) pre-tax costs of $6,552 associated with the Company’s exit from its United Kingdom and Ireland Van Heusen dresswear and accessories business; and (c) a tax benefit of $8,873 related to the lapse of the statute of limitations with respect to certain previously unrecognized tax positions. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | 2009 includes (a) pre-tax costs of $25,897 associated with the Company’s restructuring initiatives announced in the fourth quarter of 2008; and (b) a tax benefit of $29,400 related to the lapse of the statute of limitations with respect to certain previously unrecognized tax positions. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | 2008 includes (a) fixed asset impairment charges of $60,082 for approximately 200 of the Company’s retail stores; (b) pre-tax costs of $21,578 associated with the Company’s restructuring initiatives announced in the fourth quarter of 2008; and (c) pre-tax costs of $18,248 associated with the closing of the Company’s Geoffrey Beene outlet retail division. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | 2006 includes (a) a pre-tax gain of $32,043 associated with the sale by a subsidiary of the Company on January 31, 2006 of minority interests in certain entities that operate various licensed Calvin Klein jeans and sportswear businesses in Europe and Asia; (b) pre-tax costs of $10,535 resulting from the departure in February 2006 of a former chief executive officer of the Company; (c) pre-tax costs of $11,294 associated with closing the Company’s apparel manufacturing facility in Ozark, Alabama in May 2006; and (d) an inducement payment of $10,178 and offering costs totaling $770 incurred by the Company in connection with the voluntary conversion by the holders of the Company’s Series B convertible preferred stock of a portion of such stock into shares of common stock and the subsequent sale of a portion of such common shares by the holders. The inducement payment and offering costs resulted in a reduction of net income available to common stockholders for purposes of calculating diluted net income per common share. 2006 includes 53 weeks of operations. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Stockholders’ equity per equivalent common share is calculated by dividing stockholders’ equity by the sum of common shares outstanding and the number of common shares that the Company’s Series A convertible preferred shares are convertible into, as such convertible preferred stock is classified within Stockholders’ Equity in the Company’s Consolidated Balance Sheet. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Total capital equals interest-bearing debt (including capital leases) and stockholders’ equity. |
|-----|-------------------------------------------------------------------------------------------------------|

| (7) | Net debt and net capital are total debt (including capital leases) and total capital reduced by cash. |
|-----|-------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2005(1) |      |   | 2004(2) |   |      | 2003(3) |   |   | 2002         |          |   | 2001(4) |         |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|-----------|--------|---------|--------|-----------|---------|--------|--------|--------------|---------------|--------|---------|--------------|
| Summary of Operations                                                                                                                                                                                                                                                                                                                                                                                      |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |
| Revenue                                                                                             |   | $       | 1,908,848 |   |    | $      | 1,641,428 |    |   | $      | 1,568,836    |          |   | $       | 1,392,038    |   |   | $ | 1,418,185 |   |
| Cost of goods sold and expenses                                                                     |   |    | 1,702,002 |   |    |   | 1,511,549 |    |   |   | 1,509,558    |          |   |    | 1,323,003    |   |   |   | 1,377,046 |   |
| Income before interest and taxes                                                                    |   |    | 206,846   |   |    |   | 129,879   |    |   |   | 59,278       |          |   |    | 69,035       |   |   |   | 41,139 |   |
| Interest expense, net                                                                               |   |    | 28,577    |   |    |   | 42,857    |    |   |   | 36,372       |          |   |    | 22,729       |   |   |   | 24,451 |   |
| Income tax expense                                                                                  |   |    | 66,581    |   |    |   | 28,407    |    |   |   |  8,200  |          |   |    |  15,869 |   |   |   | 6,008 |   |
|      Net income                                                            |   | $       | 111,688   |   |    | $      | 58,615    |    |   | $      |  14,706 |          |   | $       |  30,437 |   |   | $ | 10,680 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |   |   |   |   |   |
| Per Share Statistics                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |   |   |   |   |   |
| Basic net income (loss) per common share                                                                                                                                                                                                                                                                                                                                                                   |   | $       | 2.15      |   |    | $      | 1.20      |    |   | $      | (0.18        | )   |   | $       | 1.10         |   |   | $ | 0.39 |   |
| Diluted net income (loss) per common share                                                                                                                                                                                                                                                                                                                                                                 |   |    | 1.85      |   |    |   | 1.14      |    |   |   | (0.18        | )   |   |    | 1.08         |   |   |   | 0.38 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |   |   |   |   |   |
| Dividends paid per common share                                                                     |   |    | 0.15      |   |    |   | 0.15      |    |   |   | 0.15         |          |   |    | 0.15         |   |   |   | 0.15 |   |
| Stockholders’ equity per common share                                                                                                                                                                                                                                                                                                                                                                |   |    | 14.12     |   |    |   | 11.23     |    |   |   | 9.68         |          |   |    | 9.80         |   |   |   | 9.62 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |   |   |   |   |   |
| Financial Position                                                                                                                                                                                                                                                                                                                                                                                         |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |   |   |   |   |   |
| Current assets                                                                                      |   |    | 681,257   |   |    |   | 504,137   |    |   |   | 490,584      |          |   |    | 451,127      |   |   |   | 405,300 |   |
| Current liabilities                                                                                 |   |    | 242,225   |   |    |   | 219,266   |    |   |   | 182,864      |          |   |    | 127,439      |   |   |   | 114,358 |   |
| Working capital                                                                                     |   |    | 439,032   |   |    |   | 284,871   |    |   |   | 307,720      |          |   |    | 323,688      |   |   |   | 290,942 |   |
| Total assets                                                                                        |   |    | 1,765,048 |   |    |   | 1,560,355 |    |   |   | 1,439,283    |          |   |    | 771,700      |   |   |   | 708,933 |   |
| Capital leases                                                                                      |   |    | -         |   |    |   | -         |    |   |   | -            |          |   |    | -            |   |   |   | - |   |
| Long-term debt                                                                                      |   |    | 399,525   |   |    |   | 399,512   |    |   |   | 399,097      |          |   |    | 249,012      |   |   |   | 248,935 |   |
| Series B convertible preferred stock                                                                |   |    | 161,926   |   |    |   | 264,746   |    |   |   | 264,746      |          |   |    | -            |   |   |   | - |   |
| Stockholders’ equity                                                                          |   | $       | 610,662   |   |    | $      | 364,026   |    |   | $      | 296,157      |          |   | $       | 272,227      |   |   | $ | 265,727 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |   |   |   |   |   |
| Other Statistics                                                                                                                                                                                                                                                                                                                                                                                           |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |   |   |   |   |   |
| Total debt to total capital(5)                                                                      |   |    | 34.1      | %      |    |   | 38.9      | %       |   |   | 41.6         | %             |   |    | 47.8         | % |   |   | 48.4 | % |
| Net debt to net capital(6)                                                                          |   |    | 14.6      | %      |    |   | 30.5      | %       |   |   | 32.2         | %             |   |    | 32.6         | % |   |   | 43.6 | % |
| Current ratio                                                                                       |   |    | 2.8       |   |    |   | 2.3       |    |   |   | 2.7          |          |   |    | 3.5          |   |   |   | 3.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                       |   |    |      |   |    |   |      |    |   |   |         |          |   |    |         |   |   |   |   |   |

| (1) | 2005 includes an inducement payment of $12,853 and offering costs totaling $1,352 incurred by the Company in connection with the voluntary conversion by the holders of the Company’s Series B convertible preferred stock of a portion of such stock into shares of common stock and the subsequent sale of such common shares by the holders. The inducement payment and offering costs resulted in a reduction of net income available to common stockholders for purposes of calculating diluted net income per common share. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | 2004 includes pre-tax charges of $9,374 related to debt extinguishment costs, pre-tax charges of $14,033 associated with the closing of certain outlet retail stores and exiting the wholesale footwear business and other related costs, and a $3,016 tax benefit associated with the realization of certain state net operating loss carryforwards. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | 2003 includes pre-tax charges of $36,366 related to integration costs associated with the Company’s acquisition of Calvin Klein, pre-tax charges of $20,739 associated with the impairment and closing of certain outlet retail stores and exiting the wholesale footwear business and other related costs, and a pre-tax gain of $3,496 resulting from the Company’s sale of its minority interest in Gant Company AB. Calvin Klein integration costs consist of (a) the operating losses of certain Calvin Klein businesses which the Company has closed or licensed, and associated costs in connection therewith and (b) the costs of certain duplicative personnel and facilities incurred during the integration of various logistical and back office functions. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | 2001 includes pre-tax charges of $21,000 for restructuring and other expenses. |
|-----|--------------------------------------------------------------------------------|

| (5) | Total capital equals interest-bearing debt, preferred stock and stockholders’ equity. |
|-----|---------------------------------------------------------------------------------------------|

| (6) | Net debt and net capital are total debt and total capital reduced by cash. |
|-----|----------------------------------------------------------------------------|

----

|   | SCHEDULE II |
|--------|-------------|

|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------|--------|--------|------------|--------|---------|------------|--------|
| Column A                                                                                                                                                                                                                                        |   | Column B   |   |   | Column C   |   |    | Column D   |   |   | Column E |   |
|                                                                                                                                                                                                                                            |   |       |   |   | Additions  |   |    | Additions  |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                            |   | Balance at |   |   | Charged to |   |    | Charged to |   |   |   |   |   | Balance |   |
|                                                                                                                                                                                                                                            |   | Beginning  |   |   | Costs and  |   |    | Other      |   |   |   |   |   | at End |   |
|       Description                                                                                                                                                                                                 |   | of Period  |   |   | Expenses   |   |    | Accounts   |   |   | Deductions |   |   | of Period |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |
| Year Ended January 30, 2011                                                                                                                                                                                                                     |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |
| Allowance for doubtful accounts                                                                                                                                                                                                                 |   | $          | 7,224  |   |       | $      | 2,054   |       |   | $ | 5,622 | (b) |   | $ | 3,795 | (c) |   | $ | 11,105 |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance/accrual for operational chargebacks and customer markdowns(a)                                                                                                                                                                         |   |       | 91,887 |   |       |   | 242,712 |       |   |   | 64,625 | (b) |   |   | 237,533 |   |   |   | 161,691 |   |
| Total                                        |   |       | 99,111 |   |       |   | 244,766 |       |   |   | 70,247 |   |   |   | 241,328 |   |   |   | 172,796 |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Year Ended January 31, 2010                                                                                                                                                                                                                     |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for doubtful accounts                                                                                                                                                                                                                 |   | $          | 7,160  |   |       | $      | 5,617   |       |   | $ | - |   |   | $ | 5,553 | (c) |   | $ | 7,224 |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance/accrual for operational chargebacks and customer markdowns(a)                                                                                                                                                                         |   |       | 91,700 |   |       |   | 173,818 |       |   |   | 677 |   |   |   | 174,308 |   |   |   | 91,887 |   |
| Total                                        |   |       | 98,860 |   |       |   | 179,435 |       |   |   | 677 |   |   |   | 179,861 |   |   |   | 99,111 |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Year Ended February 1, 2009                                                                                                                                                                                                                     |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for doubtful accounts                                                                                                                                                                                                                 |   |       | 2,611  |   |       |   | 7,241   |       |   |   | 2,997 |   |   |   | 5,689 | (c) |   |   | 7,160 |   |
|                                                                                                                                                                                                                                            |   |       |   |   |       |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance/accrual for operational chargebacks and customer markdowns(a)                                                                                                                                                                         |   |       | 87,601 |   |       |   | 165,374 |       |   |   | 2,748 |   |   |   | 164,023 |   |   |   | 91,700 |   |
| Total                                        |   |       | 90,212 |   |       |   | 172,615 |       |   |   | 5,745 |   |   |   | 169,712 |   |   |   | 98,860 |   |

| (a) | Contains activity associated with the wholesale sales allowance accrual included in accrued expenses. Please see Note 20, “Other Comments” for specified amounts. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Principally due to the acquisition of Tommy Hilfiger in 2010. |
|-----|---------------------------------------------------------------|

| (c) | Principally accounts written off as uncollectible, net of recoveries. |
|-----|-----------------------------------------------------------------------|

----