EXHIBIT 99.1

Contact:	Emanuel Chirico
		Executive Vice President & Chief Financial Officer
		(212) 381-3503
		www.pvh.com

PHILLIPS-VAN HEUSEN CORPORATION PRICES 
$150 MILLION OFFERING OF 7-1/4% SENIOR NOTES DUE 2011

New York--February 12, 2004 -- Phillips-Van Heusen Corporation (NYSE: PVH) announced that it has priced its $150 million offering of
senior unsecured notes.

The notes, which were issued at par and will pay a coupon of 7-1/4%, will mature on February 15, 2011.  The Company will use the net
proceeds of the offering to purchase its existing 9-1/2% Senior Subordinated Notes due 2008 and make consent payments in connection with the
amendment of the related indenture pursuant to the Offer to Purchase and Consent Solicitation it commenced on January 29, 2004. The Company
intends to use the balance of the net proceeds from the offering to redeem untendered 9-1/2% Notes or for general corporate purposes.

The 7-1/4% notes have been offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of
1933 and outside the United States pursuant to Regulation S under the Securities Act. These notes have not been registered under the Securities
Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.

This announcement is not an offer to purchase or solicitation of an offer to purchase the 9-1/2% Notes nor is this announcement an offer to
sell the 7-1/4% notes.  The tender offer is made solely by means of the Offer to Purchase and Consent Solicitation Statement, dated January 29,
2004.

Phillips-Van Heusen Corporation is one of the world's largest apparel and footwear companies. It owns and markets the Calvin
Klein brand worldwide. It is the world's largest shirt company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein,
Izod, Bass and G. H. Bass & Co., and its licensed brands Geoffrey Beene, Arrow, Kenneth Cole New York, Reaction by Kenneth Cole and BCBG
Max Azria.

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SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press
release including, without limitation, statements relating to the Company's 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) the Company's plans, strategies, objectives, expectations and intentions
are subject to change at any time at the discretion of the Company; (ii) the levels of sales of the Company's apparel and footwear products,
both to its wholesale customers and in its retail stores, and the levels of sales of the Company's licensees at wholesale and retail, and the
extent of discounts and promotional pricing in which the Company and its licensees are required to engage, all of which can be affected by
weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends and other factors; (iii) the Company's plans and
results of operations will be affected by the Company's ability to manage its growth and inventory, including the Company's ability to realize
revenue growth, cost savings or synergies from integrating, developing and growing Calvin Klein; (iv) the Company's operations and results
could be affected by quota restrictions (which, among other things, could limit the Company's ability to produce products in cost-effective
countries that have the labor and technical expertise needed), the availability and cost of raw materials (particularly petroleum-based
synthetic fabrics, which are currently in high demand), the Company's ability to adjust timely to changes in trade regulations and the
migration and development of manufacturers (which can affect where the Company's products can best be produced), and civil conflict, war or
terrorist acts, the threat of any of the foregoing or political and labor instability in the United States or any of the countries where the
Company's products are or are planned to be produced; (v) 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; (vi) acquisitions and
issues arising with acquisitions and proposed transactions, including without limitation, the ability to integrate an acquired entity into the
Company with no substantial adverse affect on the acquired entity's, or the Company's existing operations, employee relationships, vendor
relationships, customer relationships or financial performance; (vii) the failure of the Company's licensees to market successfully licensed
products or to preserve the value of the Company's brands, or their misuse of our brands and (viii) other risks and uncertainties indicated
from time to time in the Company's filings with the Securities and Exchange Commission.

The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate
regarding revenues or earnings, whether as a result of the receipt of new information, future events or otherwise.