|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |
| (Mark One)                                                                                     |   |   |
| x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| For the quarterly period ended                                                                 | July 29, 2012 |   |

|                                                                                                 |
|-------------------------------------------------------------------------------------------------|
|                                                                                                 |  |  |  |
| o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| For the transition period from                                                                  |   | to |   |

|                                                        |
|--------------------------------------------------------|
|                                                        |
| PVH CORP.                                              |
| (Exact name of registrant as specified in its charter) |

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

|                                                            |
|------------------------------------------------------------|
|                                                            |
| (212) 381-3500                                             |
| (Registrant’s telephone number, including area code) |

----

----

----

|                                                                                                                                    |
|------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                    |  |
| Consolidated Balance Sheets as of July 29, 2012, January 29, 2012 and July 31, 2011                                                | 1 |
|                                                                                                                               |   |
| Consolidated Income Statements for the Thirteen and Twenty-Six Weeks Ended July 29, 2012 and July 31, 2011                         | 2 |
|                                                                                                                               |   |
| Consolidated Statements of Comprehensive (Loss) Income for the Thirteen and Twenty-Six Weeks Ended July 29, 2012 and July 31, 2011 | 3 |
|                                                                                                                               |   |
| Consolidated Statements of Cash Flows for the Twenty-Six Weeks Ended July 29, 2012 and July 31, 2011                               | 4 |
|                                                                                                                               |   |
| Notes to Consolidated Financial Statements                                                                                         | 5 |
|                                                                                                                               |   |
| Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations                               | 24 |
|                                                                                                                               |   |
| Item 3 - Quantitative and Qualitative Disclosures About Market Risk                                                                | 33 |
|                                                                                                                               |   |
| Item 4 - Controls and Procedures                                                                                                   | 34 |
|                                                                                                                               |   |

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |
| Item 1 - Legal Proceedings                                           | 35 |
|                                                                 |   |
| Item 1A - Risk Factors                                               | 35 |
|                                                                 |   |
| Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds | 35 |
|                                                                 |   |
| Item 6 - Exhibits                                                    | 36 |
|                                                                 |   |
| Signatures                                                           | 39 |

----

|                                                                                                                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                            | July 29, |   | January 29, |   | July 31, |
|                                                                                                                                                                                                                            | 2012 |   | 2012 |   | 2011 |
|                                                                                                                                                                                                                            | UNAUDITED |   | AUDITED |   | UNAUDITED |
| ASSETS                                                                                                                                                                                                                          |   |   |   |   |   |
| Current Assets:                                                                                                                                                                                                                 |   |   |   |   |   |
| Cash and cash equivalents                                                                                                                                                                                   | $ | 261,986 |  |   | $ | 233,197 |  |   | $ | 287,691 |  |
| Trade receivables, net of allowances for doubtful accounts of $13,955, $15,744 and $12,764                                                                                                                                      | 411,381 |  |   | 467,628 |  |   | 402,736 |  |
| Other receivables                                                                                                                                                                                           | 14,284 |  |   | 13,337 |  |   | 11,110 |  |
| Inventories, net                                                                                                                                                                                            | 909,447 |  |   | 809,009 |  |   | 912,988 |  |
| Prepaid expenses                                                                                                                                                                                            | 117,826 |  |   | 111,228 |  |   | 70,986 |  |
| Other, including deferred taxes of $53,150, $53,645 and $69,049                                                                                                                                                                 | 105,014 |  |   | 104,836 |  |   | 97,728 |  |
| Total Current Assets                                                                                                                                                                                        | 1,819,938 |  |   | 1,739,235 |  |   | 1,783,239 |  |
| Property, Plant and Equipment, net                                                                                                                                                                          | 484,443 |  |   | 458,891 |  |   | 426,367 |  |
| Goodwill                                                                                                                                                                                                    | 1,777,724 |  |   | 1,822,475 |  |   | 1,904,388 |  |
| Tradenames                                                                                                                                                                                                  | 2,246,811 |  |   | 2,306,857 |  |   | 2,406,767 |  |
| Perpetual License Rights                                                                                                                                                                                    | 86,000 |  |   | 86,000 |  |   | 86,000 |  |
| Other Intangibles, net                                                                                                                                                                                      | 150,932 |  |   | 165,521 |  |   | 172,582 |  |
| Other Assets, including deferred taxes of $5,315, $11,989 and $7,583                                                                                                                                                            | 165,640 |  |   | 173,382 |  |   | 140,786 |  |
| Total Assets                                                                                                                                                                                                                    | $ | 6,731,488 |  |   | $ | 6,752,361 |  |   | $ | 6,920,129 |  |
|                                                                                                                                                                                                                            |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                      |   |   |   |   |   |
| Current Liabilities:                                                                                                                                                                                                            |   |   |   |   |   |
| Accounts payable                                                                                                                                                                                            | $ | 372,531 |  |   | $ | 366,138 |  |   | $ | 387,286 |  |
| Accrued expenses                                                                                                                                                                                                                | 554,078 |  |   | 556,366 |  |   | 517,463 |  |
| Deferred revenue                                                                                                                                                                                            | 41,972 |  |   | 38,376 |  |   | 38,159 |  |
| Short-term borrowings                                                                                                                                                                                       | 52,791 |  |   | 13,040 |  |   | 13,006 |  |
| Current portion of long-term debt                                                                                                                                                                           | 88,021 |  |   | 69,951 |  |   | 51,816 |  |
| Total Current Liabilities                                                                                                                                                                                   | 1,109,393 |  |   | 1,043,871 |  |   | 1,007,730 |  |
| Long-Term Debt                                                                                                                                                                                              | 1,715,464 |  |   | 1,832,925 |  |   | 2,090,062 |  |
| Other Liabilities, including deferred taxes of $502,090, $507,023 and $549,208                                                                                                                                             | 1,125,431 |  |   | 1,160,116 |  |   | 1,111,132 |  |
| 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; 4,000; 8,000 and 8,000 shares issued and outstanding (with total liquidation preference of $100,000, $200,000 and $200,000) | 94,298 |  |   | 188,595 |  |   | 188,595 |  |
| Common stock, par value $1 per share; 240,000,000 shares authorized; 70,951,932; 68,297,773 and 67,798,396 shares issued                                                                                                        | 70,952 |  |   | 68,298 |  |   | 67,798 |  |
| Additional paid in capital - common stock                                                                                                                                                                   | 1,500,032 |  |   | 1,377,922 |  |   | 1,337,328 |  |
| Retained earnings                                                                                                                                                                                           | 1,322,405 |  |   | 1,147,079 |  |   | 959,034 |  |
| Accumulated other comprehensive (loss) income                                                                                                                                                                                   | (176,835 | ) |   | (50,426 | ) |   | 174,386 |  |
| Less: 409,440; 249,531 and 248,181 shares of common stock held in treasury, at cost                                                                                                                                             | (29,652 | ) |   | (16,019 | ) |   | (15,936 | ) |
| Total Stockholders’ Equity                                                                                                                                                                            | 2,781,200 |  |   | 2,715,449 |  |   | 2,711,205 |  |
| Total Liabilities and Stockholders’ Equity                                                                                                                                                            | $ | 6,731,488 |  |   | $ | 6,752,361 |  |   | $ | 6,920,129 |  |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 | Thirteen Weeks Ended |   | Twenty-Six Weeks Ended |
|                                                                 | July 29, |   | July 31, |   | July 29, |   | July 31, |
|                                                                 | 2012 |   | 2011 |   | 2012 |   | 2011 |
| Net sales                                        | $ | 1,219,620 |  |   | $ | 1,227,730 |  |   | $ | 2,532,469 |  |   | $ | 2,484,716 |  |
| Royalty revenue                                  | 82,513 |  |   | 77,019 |  |   | 167,973 |  |   | 159,011 |  |
| Advertising and other revenue                    | 34,490 |  |   | 29,695 |  |   | 63,587 |  |   | 59,901 |  |
| Total revenue                                    | 1,336,623 |  |   | 1,334,444 |  |   | 2,764,029 |  |   | 2,703,628 |  |
| Cost of goods sold                               | 593,962 |  |   | 610,312 |  |   | 1,264,539 |  |   | 1,250,917 |  |
| Gross profit                                     | 742,661 |  |   | 724,132 |  |   | 1,499,490 |  |   | 1,452,711 |  |
| Selling, general and administrative expenses     | 592,929 |  |   | 590,653 |  |   | 1,199,434 |  |   | 1,182,555 |  |
| Debt modification costs                                              | — |  |   | — |  |   | — |  |   | 16,233 |  |
| Equity in (loss) income of unconsolidated affiliates                 | (74 | ) |   | — |  |   | 1,850 |  |   | — |  |
| Income before interest and taxes                                     | 149,658 |  |   | 133,479 |  |   | 301,906 |  |   | 253,923 |  |
| Interest expense                                 | 28,552 |  |   | 31,799 |  |   | 58,069 |  |   | 65,243 |  |
| Interest income                                  | 197 |  |   | 353 |  |   | 470 |  |   | 727 |  |
| Income before taxes                                                  | 121,303 |  |   | 102,033 |  |   | 244,307 |  |   | 189,407 |  |
| Income tax expense                                                   | 33,601 |  |   | 35,304 |  |   | 63,491 |  |   | 65,011 |  |
| Net income                                                           | $ | 87,702 |  |   | $ | 66,729 |  |   | $ | 180,816 |  |   | $ | 124,396 |  |
| Basic net income per common share                                    | $ | 1.21 |  |   | $ | 0.94 |  |   | $ | 2.50 |  |   | $ | 1.75 |  |
| Diluted net income per common share                                  | $ | 1.19 |  |   | $ | 0.92 |  |   | $ | 2.46 |  |   | $ | 1.71 |  |
| Dividends declared per common share              | $ | 0.000 |  |   | $ | 0.000 |  |   | $ | 0.075 |  |   | $ | 0.075 |  |

----

|                                                                                                                                                      |
|------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                 | Thirteen Weeks Ended |   | Twenty-Six Weeks Ended |
|                                                                                                                                                 | July 29, |   | July 31, |   | July 29, |   | July 31, |
|                                                                                                                                                 | 2012 |   | 2011 |   | 2012 |   | 2011 |
|                                                                                                                                                 |   |   |   |   |   |   |   |
| Net income                                                                                                                                           | $ | 87,702 |  |   | $ | 66,729 |  |   | $ | 180,816 |  |   | $ | 124,396 |  |
| Other comprehensive (loss) income:                                                                                                                   |  |  |   |  |  |   |   |   |   |
| Foreign currency translation adjustments, net of tax (benefit) of $(690); $(821); $(453) and $(82)                                                   | (150,188 | ) |   | (52,253 | ) |   | (133,187 | ) |   | 119,076 |  |
| Amortization of net loss and prior service credit related to pension and postretirement plans, net of tax expense of $1,414; $715; $2,916 and $1,610 | 2,269 |  |   | 1,147 |  |   | 4,679 |  |   | 2,584 |  |
| Net unrealized and realized gain (loss) on effective hedges, net of tax (benefit) expense of $(625); $(3,898); $364 and $(4,135)                     | 6,346 |  |   | 12,012 |  |   | 2,099 |  |   | (3,018 | ) |
| Comprehensive (loss) income                                                                                                                          | $ | (53,871 | ) |   | $ | 27,635 |  |   | $ | 54,407 |  |   | $ | 243,038 |  |

----

|                                                                                      |
|--------------------------------------------------------------------------------------|
|                                                                                      |  |  |  |  |  |  |  |
|                                                                                 | Twenty-Six Weeks Ended |
|                                                                                 | July 29, |   | July 31, |
|                                                                                 | 2012 |   | 2011 |
| OPERATING ACTIVITIES                                                                 |   |   |   |
| Net income                                                                           | $ | 180,816 |  |   | $ | 124,396 |  |
| Adjustments to reconcile to net cash provided by operating activities:               |   |   |   |
| Depreciation and amortization                                    | 67,792 |  |   | 66,447 |  |
| Equity in income of unconsolidated affiliates                                        | (1,850 | ) |   | — |  |
| Deferred taxes                                                   | 13,054 |  |   | 8,910 |  |
| Stock-based compensation expense                                 | 18,891 |  |   | 20,650 |  |
| Impairment of long-lived assets                                                      | 259 |  |   | 1,062 |  |
| Debt modification costs                                                              | — |  |   | 16,233 |  |
| Changes in operating assets and liabilities:                                         |   |   |   |
| Trade receivables, net                                           | 46,095 |  |   | 39,402 |  |
| Inventories, net                                                 | (117,028 | ) |   | (187,350 | ) |
| Accounts payable, accrued expenses and deferred revenue          | 39,893 |  |   | 3,240 |  |
| Prepaid expenses                                                 | (8,590 | ) |   | 5,653 |  |
| Other, net                                                       | (32,034 | ) |   | 42,346 |  |
| Net cash provided by operating activities                                            | 207,298 |  |   | 140,989 |  |
| INVESTING ACTIVITIES(1)                                                              |   |   |   |
| Purchase of property, plant and equipment                        | (81,685 | ) |   | (73,899 | ) |
| Calvin Klein contingent purchase price payments                                      | (25,749 | ) |   | (25,305 | ) |
| Investments in unconsolidated affiliates                                             | — |  |   | (14,850 | ) |
| Net cash used by investing activities                            | (107,434 | ) |   | (114,054 | ) |
| FINANCING ACTIVITIES(1)                                                              |   |   |   |
| Net proceeds from revolving credit facilities                                        | 40,000 |  |   | — |  |
| Net (payments on) proceeds from short-term borrowings                                | (249 | ) |   | 8,138 |  |
| Repayment of credit facilities                                   | (89,680 | ) |   | (247,459 | ) |
| Payment of debt modification costs                                                   | — |  |   | (10,634 | ) |
| Proceeds from settlement of awards under stock plans                                 | 4,377 |  |   | 11,561 |  |
| Excess tax benefits from awards under stock plans                | 7,082 |  |   | 4,238 |  |
| Cash dividends                                                   | (5,490 | ) |   | (5,434 | ) |
| Acquisition of treasury shares                                   | (13,633 | ) |   | (5,187 | ) |
| Payments of capital lease obligations                                                | (5,664 | ) |   | (5,244 | ) |
| Net cash used by financing activities                                                | (63,257 | ) |   | (250,021 | ) |
| Effect of exchange rate changes on cash and cash equivalents     | (7,818 | ) |   | 12,059 |  |
| Increase (decrease) in cash and cash equivalents                                     | 28,789 |  |   | (211,027 | ) |
| Cash and cash equivalents at beginning of period                 | 233,197 |  |   | 498,718 |  |
| Cash and cash equivalents at end of period                       | $ | 261,986 |  |   | $ | 287,691 |  |

----

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                   | Heritage Brand Wholesale Dress Furnishings |   | Heritage Brand Wholesale Sportswear |   | Calvin Klein Licensing |   | Tommy Hilfiger North America |   | Tommy Hilfiger International |   | Total |
| Balance as of January 29, 2012                         |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill, gross                                        | $ | 70,589 |  |   | $ | 84,553 |  |   | $ | 356,035 |  |   | $ | 198,501 |  |   | $ | 1,112,797 |  |   | $ | 1,822,475 |  |
| Accumulated impairment losses                          | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Goodwill, net                                          | 70,589 |  |   | 84,553 |  |   | 356,035 |  |   | 198,501 |  |   | 1,112,797 |  |   | 1,822,475 |  |
| Contingent purchase price payments to Mr. Calvin Klein | — |  |   | — |  |   | 22,226 |  |   | — |  |   | — |  |   | 22,226 |  |
| Currency translation                                   | — |  |   | — |  |   | (268 | ) |   | — |  |   | (66,709 | ) |   | (66,977 | ) |
| Balance as of July 29, 2012                            |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill, gross                                        | 70,589 |  |   | 84,553 |  |   | 377,993 |  |   | 198,501 |  |   | 1,046,088 |  |   | 1,777,724 |  |
| Accumulated impairment losses                          | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Goodwill, net                                          | $ | 70,589 |  |   | $ | 84,553 |  |   | $ | 377,993 |  |   | $ | 198,501 |  |   | $ | 1,046,088 |  |   | $ | 1,777,724 |  |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          | Thirteen Weeks Ended |   | Twenty-Six Weeks Ended |
|                                                          | 7/29/12 |   | 7/31/11 |   | 7/29/12 |   | 7/31/11 |
|                                                          |   |   |   |   |   |   |   |
| Service cost, including plan expenses     | $ | 4,797 |  |   | $ | 3,671 |  |   | $ | 9,597 |  |   | $ | 7,264 |  |
| Interest cost                             | 4,984 |  |   | 4,870 |  |   | 9,916 |  |   | 9,591 |  |
| Amortization of net loss                  | 3,894 |  |   | 2,076 |  |   | 7,986 |  |   | 4,620 |  |
| Expected return on plan assets            | (5,556 | ) |   | (5,514 | ) |   | (11,081 | ) |   | (11,061 | ) |
| Amortization of prior service credit      | (15 | ) |   | (16 | ) |   | (31 | ) |   | (31 | ) |
| Total                                     | $ | 8,104 |  |   | $ | 5,087 |  |   | $ | 16,387 |  |   | $ | 10,383 |  |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          | Thirteen Weeks Ended |   | Twenty-Six Weeks Ended |
|                                                          | 7/29/12 |   | 7/31/11 |   | 7/29/12 |   | 7/31/11 |
|                                                          |   |   |   |   |   |   |   |
| Service cost, including plan expenses     | $ | 28 |  |   | $ | 24 |  |   | $ | 55 |  |   | $ | 49 |  |
| Interest cost                             | 374 |  |   | 452 |  |   | 744 |  |   | 905 |  |
| Amortization of net loss                                      | 49 |  |   | — |  |   | 49 |  |   | — |  |
| Total                                     | $ | 451 |  |   | $ | 476 |  |   | $ | 848 |  |   | $ | 954 |  |

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         | Thirteen Weeks Ended |   | Twenty-Six Weeks Ended |
|                                                         | 7/29/12 |   | 7/31/11 |   | 7/29/12 |   | 7/31/11 |
|                                                         |   |   |   |   |   |   |   |
| Interest cost                            | $ | 181 |  |   | $ | 254 |  |   | $ | 399 |  |   | $ | 509 |  |
| Amortization of net (gain) loss                              | (40 | ) |   | 7 |  |   | — |  |   | 14 |  |
| Amortization of prior service credit     | (205 | ) |   | (205 | ) |   | (409 | ) |   | (409 | ) |
| Total                                    | $ | (64 | ) |   | $ | 56 |  |   | $ | (10 | ) |   | $ | 114 |  |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |
|                                                                   | 7/29/12 |   | 7/31/11 |
|                                                                   |   |   |   |
| Senior secured term loan A facility - United States dollar-denominated | $ | 592,000 |  |   | $ | 632,000 |  |
| Senior secured term loan A facility - Euro-denominated                 | 98,844 |  |   | 123,502 |  |
| Senior secured term loan B facility - United States dollar-denominated | 395,000 |  |   | 399,000 |  |
| Senior secured term loan B facility - Euro-denominated                 | 18,010 |  |   | 287,765 |  |
| 7 3/8% senior unsecured notes                                          | 600,000 |  |   | 600,000 |  |
| 7 3/4% debentures                                                      | 99,631 |  |   | 99,611 |  |
| Total                                              | $ | 1,803,485 |  |   | $ | 2,141,878 |  |
| Less: Current portion of long-term debt            | 88,021 |  |   | 51,816 |  |
| Long-term debt                                     | $ | 1,715,464 |  |   | $ | 2,090,062 |  |

|                   |
|-------------------|
|                   |  |  |  |
| Remainder of 2012 | $ | 39,343 |  |
| 2013              | 106,693 |  |
| 2014              | 172,043 |  |
| 2015              | 386,765 |  |
| 2016              | 399,010 |  |
| 2017              | — |  |

----

----

----

|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                           | Asset Derivatives (Classified in Other Current Assets and Other Assets) | Liability Derivatives (Classified in Accrued Expenses and Other Liabilities) |
|                                                                                           | 7/29/12 |   | 7/31/11 |   | 7/29/12 |   | 7/31/11 |
| Contracts designated as cash flow hedges:                                                      |   |   |   |   |   |   |   |
| Foreign currency forward exchange contracts     (inventory purchases) | $ | 18,828 |  |   | $ | 88 |  |   | $ | 866 |  |   | $ | 21,340 |  |
| Interest rate contracts                                                                        | 45 |  |   | 301 |  |   | 6,729 |  |   | 7,935 |  |
| Total contracts designated as cash flow hedges                                                 | 18,873 |  |   | 389 |  |   | 7,595 |  |   | 29,275 |  |
| Undesignated contracts:                                                                        |   |   |   |   |   |   |   |
| Foreign currency forward exchange contracts     (inventory purchases) | — |  |   | 127 |  |   | 538 |  |   | 56 |  |
| Foreign currency forward exchange contracts (intercompany loans)                               | — |  |   | — |  |   | 111 |  |   | — |  |
| Total undesignated contracts                                                                   | — |  |   | 127 |  |   | 649 |  |   | 56 |  |
| Total                                                                                          | $ | 18,873 |  |   | $ | 516 |  |   | $ | 8,244 |  |   | $ | 29,331 |  |

|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                           |   | Gain (Loss) Recognized in Other Comprehensive Income         (Effective Portion) |   | Gain (Loss) Reclassified from AOCI into Income (Expense)  (Effective Portion)              |
|                                                                                           |   |   | Location |  Amount |
|                                                                                           |   |   |   |   |   |   |   |   |   |
| Thirteen Weeks Ended                                                                           |   | 7/29/12 |   | 7/31/11 |   |   | 7/29/12 |   | 7/31/11 |
| Foreign currency forward exchange contracts     (inventory purchases) |   | $ | 6,592 |  |   | $ | 1,203 |  |   | Cost of goods sold | $ | 1,007 |  |   | $ | (14,846 | ) |
| Interest rate contracts                                                    |   | (962 | ) |   | (8,805 | ) |   | Interest expense | (1,098 | ) |   | (870 | ) |
| Total                                                                      |   | $ | 5,630 |  |   | $ | (7,602 | ) |   |   | $ | (91 | ) |   | $ | (15,716 | ) |
|                                                                                           |   |   |   |   |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |
| Twenty-Six Weeks Ended                                                                         |   | 7/29/12 |   | 7/31/11 |   |   | 7/29/12 |   | 7/31/11 |
| Foreign currency forward exchange contracts (inventory purchases)                              |   | $ | 4,916 |  |   | $ | (23,663 | ) |   | Cost of goods sold | $ | 3,631 |  |   | $ | (24,445 | ) |
| Interest rate contracts                                                                        |   | (1,002 | ) |   | (8,805 | ) |   | Interest expense | (2,180 | ) |   | (870 | ) |
| Total                                                                                          |   | $ | 3,914 |  |   | $ | (32,468 | ) |   |   | $ | 1,451 |  |   | $ | (25,315 | ) |

----

|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |  |  |  |  |  |  |  |  |  |
|                                                              | (Loss) Gain Recognized in Income |
| Thirteen Weeks Ended                                              | Location |   | 7/29/12 |   | 7/31/11 |
|                                                              |   |   |   |   |   |
| Foreign currency forward exchange contracts (inventory purchases) | Selling, general and administrative expenses |   | $ | (190 | ) |   | $ | 202 |  |
| Foreign currency forward exchange contracts (intercompany loans)  | Selling, general and administrative expenses |   | (1,224 | ) |   | — |  |
|                                                              |   |   |   |   |   |
| Twenty-Six Weeks Ended                                            | Location |   | 7/29/12 |   | 7/31/11 |
|                                                              |   |   |   |   |   |
| Foreign currency forward exchange contracts (inventory purchases) | Selling, general and administrative expenses |   | $ | 679 |  |   | $ | 258 |  |
| Foreign currency forward exchange contracts (intercompany loans)  | Selling, general and administrative expenses |   | (1,224 | ) |   | — |  |

----

|                                                                                                                                                            |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                       | July 29, 2012 |   | January 29, 2012 |   | July 31, 2011 |
|                                                                                                                                                       | Level 1 |   | Level 2 |   | Level 3 |   | Total |   | Level 1 |   | Level 2 |   | Level 3 |   | Total |   | Level 1 |   | Level 2 |   | Level 3 |   | Total |
| Assets:                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency forward exchange contracts                                                                                            | N/A |   | $ | 18,828 |  |   | N/A |   | $ | 18,828 |  |   | N/A |   | $ | 13,581 |  |   | N/A |   | $ | 13,581 |  |   | N/A |   | $ | 215 |  |   | N/A |   | $ | 215 |  |
| Interest rate contracts                                                                                                                                    | N/A |   | 45 |  |   | N/A |   | 45 |  |   | N/A |   | 211 |  |   | N/A |   | 211 |  |   | N/A |   | 301 |  |   | N/A |   | 301 |  |
| Total Assets                                                                                                                                               | N/A |   | $ | 18,873 |  |   | N/A |   | $ | 18,873 |  |   | N/A |   | $ | 13,792 |  |   | N/A |   | $ | 13,792 |  |   | N/A |   | $ | 516 |  |   | N/A |   | $ | 516 |  |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities:                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency forward exchange contracts                                                                                            | N/A |   | $ | 1,515 |  |   | N/A |   | $ | 1,515 |  |   | N/A |   | $ | 2,855 |  |   | N/A |   | $ | 2,855 |  |   | N/A |   | $ | 21,396 |  |   | N/A |   | $ | 21,396 |  |
| Interest rate contracts                                                                                                                                    | N/A |   | 6,729 |  |   | N/A |   | 6,729 |  |   | N/A |   | 7,907 |  |   | N/A |   | 7,907 |  |   | N/A |   | 7,935 |  |   | N/A |   | 7,935 |  |
| Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India     | N/A |   | N/A |   | $9,021 |   | 9,021 |  |   | N/A |   | N/A |   | $9,559 |   | 9,559 |  |   | N/A |   | N/A |   | N/A |   | N/A |
| Total Liabilities                                                                                                                                          | N/A |   | $ | 8,244 |  |   | $ | 9,021 |  |   | $ | 17,265 |  |   | N/A |   | $ | 10,762 |  |   | $ | 9,559 |  |   | $ | 20,321 |  |   | N/A |   | $ | 29,331 |  |   | N/A |   | $ | 29,331 |  |

|                                  |
|----------------------------------|
|                                  |  |  |  |
| Balance as of January 29, 2012   | $ | 9,559 |  |
| Payments                         | — |  |
| Adjustments included in earnings | (538 | ) |
| Balance as of July 29, 2012      | $ | 9,021 |  |

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |
| Unobservable Inputs                                 |   | Amount |
| Approximate compounded annual net sales growth rate |   | 36.0 | % |
| Approximatediscount rate                            |   | 20.0 | % |

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           |   |      Fair Value Measurement Using       |   |   |   |   |
|                           |   | Level 1 |   | Level 2 |   | Level 3 |   | Fair Value As Of Impairment Date |   | Total Impairments |
|                           |   |   |   |   |   |   |   |   |   |   |
| Twenty-six weeks ended 7/29/12 |   | N/A |   | N/A |   | $ | — |  |   | $ | — |  |   | $ | 259 |  |
| Twenty-six weeks ended 7/31/11 |   | N/A |   | N/A |   | $ | — |  |   | $ | — |  |   | $ | 1,062 |  |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          | 7/29/12 |   | 7/31/11 |
|                                                          | Carrying Amount |   | Fair Value |   | Carrying Amount |   | Fair Value |
|                                                          |   |  |   |   |  |   |   |  |   |   |  |
| Cash and cash equivalents                                     | $ | 261,986 |  |   | $ | 261,986 |  |   | $ | 287,691 |  |   | $ | 287,691 |  |
| Short-term borrowings                                         | 52,791 |  |   | 52,791 |  |   | 13,006 |  |   | 13,006 |  |
| Long-term debt (including portion classified as current) | 1,803,485 |  |   | 1,886,289 |  |   | 2,141,878 |  |   | 2,191,572 |  |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |
|                                             | Twenty-Six Weeks Ended |
|                                             | 7/29/12 |   | 7/31/11 |
| Weighted average risk‑free interest rate   | 1.20 | % |   | 2.62 | % |
| Weighted average expected option term (in years) | 6.25 |  |   | 6.25 |  |
| Weighted average expected volatility             | 45.16 | % |   | 44.35 | % |
| Expected annual dividends per share              | $ | 0.15 |  |   | $ | 0.15 |  |
| Weighted average estimated fair value per option | $ | 40.59 |  |   | $ | 29.81 |  |

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |
|                            | Options |   | Weighted Average Price Per Option |
| Outstanding at January 29, 2012 | 2,189 |  |   | $ | 37.77 |  |
|   Granted             | 187 |  |   | 91.88 |  |
|   Exercised           | 149 |  |   | 28.32 |  |
|   Cancelled           | 7 |  |   | 41.92 |  |
| Outstanding at July 29, 2012    | 2,220 |  |   | $ | 42.96 |  |
| Exercisable at July 29, 2012    | 1,530 |  |   | $ | 36.65 |  |

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |
|                           | RSUs |   | Weighted Average Grant Date Fair Value |
| Non-vested at January 29, 2012 | 820 |  |   | $ | 48.28 |  |
|   Granted            | 185 |  |   | 89.33 |  |
|   Vested             | 306 |  |   | 42.40 |  |
|   Cancelled          | 10 |  |   | 57.04 |  |
| Non-vested at July 29, 2012    | 689 |  |   | $ | 61.81 |  |

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |
|                           | Restricted Stock   |   | Weighted Average Grant Date Fair Value |
| Non-vested at January 29, 2012 | 333 |  |   | $ | 60.41 |  |
|   Granted            | — |  |   | — |  |
|   Vested             | 333 |  |   | 60.41 |  |
|   Cancelled          | — |  |   | — |  |
| Non-vested at July 29, 2012    | — |  |   | $ | — |  |

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |
|                           |      Performance Shares |   | Weighted Average Grant Date Fair Value |
| Non-vested at January 29, 2012 | 590 |  |   | $ | 53.96 |  |
|   Granted            | 96 |  |   | 88.52 |  |
|   Vested             | — |  |   | — |  |
|   Cancelled          | 8 |  |   | 50.73 |  |
| Non-vested at July 29, 2012    | 678 |  |   | $ | 58.86 |  |

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                            | Total Expected to be Incurred |   | Incurred During the Thirteen Weeks Ended 7/29/12 |   | Incurred During the Twenty-Six Weeks Ended 7/29/12 |   | Cumulative Incurred to Date |
| Severance, termination benefits and other costs | $ | 32,887 |  |   | $ | 517 |  |   | $ | 679 |  |   | $ | 32,887 |  |
| Long-lived asset impairments                    | 11,276 |  |   | 259 |  |   | 259 |  |   | 11,276 |  |
| Inventory liquidation costs                     | 10,210 |  |   | — |  |   | — |  |   | 10,210 |  |
| Lease/contract termination and related costs    | 30,701 |  |   | 490 |  |   | 1,074 |  |   | 28,701 |  |
| Total                                           | $ | 85,074 |  |   | $ | 1,266 |  |   | $ | 2,012 |  |   | $ | 83,074 |  |

----

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                 | Liability at         1/29/12 |   | Costs Incurred During the Twenty-Six Weeks Ended 7/29/12 |   | Costs Paid       During the Twenty-Six Weeks Ended 7/29/12 |   | Liability at 7/29/12 |
| Severance, termination benefits and other costs | $ | 4,305 |  |   | $ | 679 |  |   | $ | 3,302 |  |   | $ | 1,682 |  |
| Lease/contract termination and related costs    | 4,492 |  |   | 1,074 |  |   | 2,715 |  |   | 2,851 |  |
| Total                                                | $ | 8,797 |  |   | $ | 1,753 |  |   | $ | 6,017 |  |   | $ | 4,533 |  |

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                 | Liability at      1/29/12 |   | Costs Incurred During the Twenty-Six Weeks Ended 7/29/12 |   | Costs Paid       During the Twenty-Six Weeks Ended 7/29/12 |   | Liability at     7/29/12 |
| Severance, termination benefits and other costs | $ | 1,310 |  |   | $ | — |  |   | $ | 578 |  |   | $ | 732 |  |
| Lease/contract termination and related costs    | 5,029 |  |   | — |  |   | 5,029 |  |   | — |  |
| Total                                                | $ | 6,339 |  |   | $ | — |  |   | $ | 5,607 |  |   | $ | 732 |  |

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                | Thirteen Weeks Ended |   | Twenty-Six Weeks Ended |
|                                                                                | 7/29/12 |   | 7/31/11 |   | 7/29/12 |   | 7/31/11 |
|                                                                                |   |   |   |   |   |   |   |
| Net income                                                                          | $ | 87,702 |  |   | $ | 66,729 |  |   | $ | 180,816 |  |   | $ | 124,396 |  |
| Less:                                                                               |   |   |   |   |   |   |   |
| Common stock dividends paid to holders of Series A convertible preferred stock | — |  |   | — |  |   | (209 | ) |   | (314 | ) |
| Allocation of income to Series A convertible preferred stock                   | (2,529 | ) |   | (3,920 | ) |   | (6,760 | ) |   | (7,008 | ) |
| Net income available to common stockholders for basic net income per common share   | 85,173 |  |   | 62,809 |  |   | 173,847 |  |   | 117,074 |  |
| Add back:                                                                           |   |   |   |   |   |   |   |
| Common stock dividends paid to holders of Series A convertible preferred stock      | — |  |   | — |  |   | 209 |  |   | 314 |  |
| Allocation of income to Series A convertible preferred stock                        | 2,529 |  |   | 3,920 |  |   | 6,760 |  |   | 7,008 |  |
| Net income available to common stockholders for diluted net income per common share | $ | 87,702 |  |   | $ | 66,729 |  |   | $ | 180,816 |  |   | $ | 124,396 |  |
|                                                                                |   |   |   |   |   |   |   |
| Weighted average common shares outstanding for basic net income per common share    | 70,403 |  |   | 67,129 |  |   | 69,471 |  |   | 66,964 |  |
| Weighted average impact of dilutive securities                                      | 1,105 |  |   | 1,551 |  |   | 1,346 |  |   | 1,578 |  |
| Weighted average impact of assumed convertible preferred stock conversion           | 2,095 |  |   | 4,189 |  |   | 2,785 |  |   | 4,189 |  |
| Total shares for diluted net income per common share                                | 73,603 |  |   | 72,869 |  |   | 73,602 |  |   | 72,731 |  |
|                                                                                |   |   |   |   |   |   |   |
| Basic net income per common share                                                   | $ | 1.21 |  |   | $ | 0.94 |  |   | $ | 2.50 |  |   | $ | 1.75 |  |
|                                                                                |   |   |   |   |   |   |   |
| Diluted net income per common share                                                 | $ | 1.19 |  |   | $ | 0.92 |  |   | $ | 2.46 |  |   | $ | 1.71 |  |

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |
|                                             | Thirteen Weeks Ended |   | Twenty-Six Weeks Ended |
|                                             | 7/29/12 |   | 7/31/11 |   | 7/29/12 |   | 7/31/11 |
|                                             |   |   |   |   |   |   |   |
| Weighted average potentially dilutive securities | 466 |   | 396 |   | 360 |   | 320 |

----

----

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                       |   | Thirteen Weeks Ended |   | Twenty-Six Weeks Ended |
|                                                       |   | 7/29/12 |   | 7/31/11 |   | 7/29/12 |   | 7/31/11 |
| Revenue – Heritage Brand Wholesale Dress Furnishings |   |   |   |   |   |   |   |   |
| Net sales                                                  |   | $ | 105,567 |  |   | $ | 123,771 |  |   | $ | 225,453 |  |   | $ | 258,460 |  |
| Royalty revenue                                            |   | 1,315 |  |   | 1,468 |  |   | 2,832 |  |   | 2,953 |  |
| Advertising and other revenue                              |   | 830 |  |   | 414 |  |   | 1,537 |  |   | 818 |  |
| Total                                                      |   | 107,712 |  |   | 125,653 |  |   | 229,822 |  |   | 262,231 |  |
|                                                       |   |   |   |   |   |   |   |   |
| Revenue – Heritage Brand Wholesale Sportswear        |   |   |   |   |   |   |   |   |
| Net sales                                                  |   | 77,933 |  |   | 96,107 |  |   | 212,165 |  |   | 231,561 |  |
| Royalty revenue                                            |   | 2,544 |  |   | 2,707 |  |   | 5,007 |  |   | 5,148 |  |
| Advertising and other revenue                              |   | 359 |  |   | 475 |  |   | 820 |  |   | 881 |  |
| Total                                                      |   | 80,836 |  |   | 99,289 |  |   | 217,992 |  |   | 237,590 |  |
|                                                       |   |   |   |   |   |   |   |   |
| Revenue – Heritage Brand Retail                      |   |   |   |   |   |   |   |   |
| Net sales                                                  |   | 173,473 |  |   | 175,212 |  |   | 307,655 |  |   | 306,889 |  |
| Royalty revenue                                            |   | 1,229 |  |   | 1,239 |  |   | 2,432 |  |   | 2,537 |  |
| Advertising and other revenue                              |   | 236 |  |   | 277 |  |   | 507 |  |   | 518 |  |
| Total                                                      |   | 174,938 |  |   | 176,728 |  |   | 310,594 |  |   | 309,944 |  |
|                                                       |   |   |   |   |   |   |   |   |
| Revenue – Calvin Klein Licensing                     |   |   |   |   |   |   |   |   |
| Net sales                              |   | 8,979 |  |   | 7,993 |  |   | 17,223 |  |   | 15,435 |  |
| Royalty revenue                                            |   | 59,246 |  |   | 57,555 |  |   | 124,719 |  |   | 122,439 |  |
| Advertising and other revenue                              |   | 29,315 |  |   | 25,441 |  |   | 54,242 |  |   | 52,330 |  |
| Total                                                      |   | 97,540 |  |   | 90,989 |  |   | 196,184 |  |   | 190,204 |  |
|                                                       |   |   |   |   |   |   |   |   |
| Revenue – Tommy Hilfiger North America               |   |   |   |   |   |   |   |   |
| Net sales                                                  |   | 324,482 |  |   | 293,760 |  |   | 623,462 |  |   | 561,397 |  |
| Royalty revenue                                            |   | 5,101 |  |   | 4,260 |  |   | 9,625 |  |   | 7,121 |  |
| Advertising and other revenue                              |   | 2,285 |  |   | 2,005 |  |   | 3,972 |  |   | 3,291 |  |
| Total                                                      |   | 331,868 |  |   | 300,025 |  |   | 637,059 |  |   | 571,809 |  |
|                                                       |   |   |   |   |   |   |   |   |
| Revenue – Tommy Hilfiger International               |   |   |   |   |   |   |   |   |
| Net sales                                                  |   | 375,495 |  |   | 381,976 |  |   | 829,345 |  |   | 815,632 |  |
| Royalty revenue                                            |   | 13,078 |  |   | 9,790 |  |   | 23,358 |  |   | 18,813 |  |
| Advertising and other revenue                              |   | 1,465 |  |   | 1,083 |  |   | 2,509 |  |   | 2,063 |  |
| Total                                                      |   | 390,038 |  |   | 392,849 |  |   | 855,212 |  |   | 836,508 |  |
|                                                       |   |   |   |   |   |   |   |   |
| Revenue – Other (Calvin Klein Apparel)               |   |   |   |   |   |   |   |   |
| Net sales                                                  |   | 153,691 |  |   | 148,911 |  |   | 317,166 |  |   | 295,342 |  |
| Total                                                      |   | 153,691 |  |   | 148,911 |  |   | 317,166 |  |   | 295,342 |  |
|                                                       |   |   |   |   |   |   |   |   |
| Total Revenue                                              |   |   |   |   |   |   |   |   |
| Net sales                                                  |   | 1,219,620 |  |   | 1,227,730 |  |   | 2,532,469 |  |   | 2,484,716 |  |
| Royalty revenue                                            |   | 82,513 |  |   | 77,019 |  |   | 167,973 |  |   | 159,011 |  |
| Advertising and other revenue                              |   | 34,490 |  |   | 29,695 |  |   | 63,587 |  |   | 59,901 |  |
| Total                                                      |   | $ | 1,336,623 |  |   | $ | 1,334,444 |  |   | $ | 2,764,029 |  |   | $ | 2,703,628 |  |

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                | Thirteen Weeks Ended |   |   | Twenty-Six Weeks Ended |   |
|                                                                                | 7/29/12 |   |   | 7/31/11 | (8  | )  |   | 7/29/12 |  |  |   | 7/31/11 | (8  | )  |
| Income before interest and taxes – Heritage Brand Wholesale Dress Furnishings | $ | 9,640 |  |   |   | $ | 14,284 |  |   |   | $ | 18,556 |  |   |   | $ | 34,935 |  |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) before interest and taxes – Heritage Brand Wholesale Sportswear | 4,203 |  |   |   | (5,204 | ) | (4  | )  |   | 15,573 |  |   |   | 9,067 |  | (4  | )  |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |
| Income before interest and taxes – Heritage Brand Retail                      | 9,358 |  |   |   | 15,188 |  |   |   | 6,814 |  |   |   | 19,689 |  |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |
| Income before interest and taxes – Calvin Klein Licensing                     | 45,314 |  |   |   | 43,941 |  |   |   | 86,058 |  |   |   | 78,591 |  |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |
| Income before interest and taxes – Tommy Hilfiger North America               | 52,693 |  |   |   | 31,426 |  | (5  | )  |   | 81,627 |  | (3  | )  |   | 19,215 |  | (6  | )  |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |
| Income before interest and taxes – Tommy Hilfiger International               | 41,113 |  | (2  | )  |   | 37,673 |  |   |   | 114,593 |  | (3  | )  |   | 116,655 |  | (6  | )  |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |
| Income before interest and taxes – Other (Calvin Klein Apparel)               | 14,913 |  |   |   | 22,114 |  |   |   | 32,511 |  |   |   | 43,057 |  |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |
| Loss before interest and taxes – Corporate(1)             | (27,576 | ) | (2  | )  |   | (25,943 | ) | (5  | )  |   | (53,826 | ) | (3  | )  |   | (67,286 | ) | (6) (7)  |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |
| Income before interest and taxes                                                    | $ | 149,658 |  |   |   | $ | 133,479 |  |   |   | $ | 301,906 |  |   |   | $ | 253,923 |  |   |

|           |                                                                                                                                                                                                                                                                                                                                                           |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Includes corporate expenses not allocated to any reportable segments. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure and actuarial gains and losses from the Company’s defined benefit pension plans. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Income (loss) before interest and taxes for the thirteen weeks ended July 29, 2012 includes costs of $4,541 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows:  $3,497 in Tommy Hilfiger International and $1,044 in corporate expenses not allocated to any reportable segments. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3)  | Income (loss) before interest and taxes for the twenty-six weeks ended July 29, 2012 includes costs of $7,857 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows:  $379 in Tommy Hilfiger North America; $3,497 in Tommy Hilfiger International; and $3,981 in corporate expenses not allocated to any reportable segments. |

|           |                                                                                                                                                                                                                                                                |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4)  | (Loss) income before interest and taxes for the thirteen and twenty-six weeks ended July 31, 2011 includes costs of $6,650 related to the Company’s negotiated early termination of its license to market sportswear under the Timberland brand. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5)  | Income (loss) before interest and taxes for the thirteen weeks ended July 31, 2011 includes costs of $11,226 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows:  $6,651 in Tommy Hilfiger North America and $4,575 in corporate expenses not allocated to any reportable segments. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6)  | Income (loss) before interest and taxes for the twenty-six weeks ended July 31, 2011 includes costs of $41,685 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows:  $30,142 in Tommy Hilfiger North America; $448 in Tommy Hilfiger International; and $11,095 in corporate expenses not allocated to any reportable segments. |

|           |                                                                                                                                                                                                                                                                                  |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7)  | Loss before interest and taxes for the twenty-six weeks ended July 31, 2011 includes costs of $16,233 associated with the Company’s modification of its senior secured credit facility. Please refer to Note 6, “Debt,” for a further discussion. |

----

|           |                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (8)  | In the fourth quarter of 2011, the Company changed the way actuarial gains and losses from its defined benefit pension plans are allocated to its reportable segments. Actuarial gains and losses are now included as part of corporate expenses and are not allocated to any reportable segment. Prior periods have been restated in order to present that information on a basis consistent with the current year. |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| References to the brand names Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Bass, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, CHAPS, Donald J. Trump Signature Collection, JOE Joseph Abboud and DKNY, and to other brand names are to registered trademarks owned by us or licensed to us by third parties and are identified by italicizing the brand name.  References to the acquisition of Tommy Hilfiger refer to our May 6, 2010 acquisition of Tommy Hilfiger B.V. and certain affiliated companies, which companies we refer to collectively as “Tommy Hilfiger.” |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The aggregate reduction of $38.1 million of net sales attributable to our Heritage Brand Wholesale Dress Furnishings, Heritage Brand Wholesale Sportswear and Heritage Brand Retail segments. Comparable store sales in the Heritage Brand retail segment were relatively flat compared to the prior year period, while the Heritage Brand Wholesale Dress Furnishings and Heritage Brand Wholesale Sportswear segments experienced a combined 17% decrease, comprised principally of the $15 million negative impact of the exited sportswear businesses and a reduction in dress furnishings sales to a mid-tier department store retailer. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The aggregate addition of $24.2 million of net sales attributable to growth in our Tommy Hilfiger North America and Tommy Hilfiger International segments. The revenue increase was due principally to retail comparable store sales growth of 11% in North America, European retail comparable store sales growth of 15% and European wholesale growth of 9%, partially offset by weakness in Japan, where we are currently in the process of strategically repositioning and investing in the brand, and a negative impact of $39 million related to foreign currency translation. |

|         |                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The addition of $4.8 million of net sales attributable to growth in our Other (Calvin Klein Apparel) segment, as our North American Calvin Klein outlet retail business posted a 5% increase in comparable store sales. |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The aggregate addition of $75.8 million of net sales attributable to growth in our Tommy Hilfiger North America and Tommy Hilfiger International segments, due principally to retail comparable store sales growth of 13% in North America and 11% in Europe, combined with growth of 9% in the European wholesale business, partially offset by weakness in Japan, where we are currently in the process of strategically repositioning and investing in the brand, and a negative impact of $59 million related to foreign currency translation. |

----

|         |                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The addition of $21.8 million of net sales attributable to growth in our Other (Calvin Klein Apparel) segment, as the Company’s Calvin Klein outlet retail business posted a 7% increase in comparable store sales. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The aggregate reduction of $51.6 million of net sales attributable to our Heritage Brand Wholesale Dress Furnishings, Heritage Brand Wholesale Sportswear and Heritage Brand Retail segments. Comparable store sales in the Heritage Brand retail segment remained relatively flat as compared to the prior year period, while the Heritage Brand Wholesale Dress Furnishings and Heritage Brand Wholesale Sportswear segments experienced an 11% decrease, comprised principally of the $15 million negative impact of the exited sportswear businesses and a reduction in dress furnishings sales to a mid-tier department store retailer. |

----

----

----

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |
| (in millions)                                             | July 29, 2012 |   | January 29, 2012 |
| Short-term borrowings                 | $ | 52.8 |  |   | $ | 13.0 |  |
| Current portion of long-term debt     | 88.0 |  |   | 70.0 |  |
| Capital lease obligations                                 | 35.4 |  |   | 26.8 |  |
| Long-term debt                        | 1,715.5 |  |   | 1,832.9 |  |
| Stockholders’ equity            | 2,781.2 |  |   | 2,715.4 |  |

----

----

|         |                                                      |
|---------|------------------------------------------------------|
| • | 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. |

----

----

----

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |
|            Period | (a) Total Number of Shares (or Units) Purchased(1) |   | (b) Average Price Paid per 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 |
| April 30, 2012                                                           |   |   |   |   |   |   |   |
| May 27, 2012                                                             | 28,412 |  |   | $ | 87.94 |  |   | — |  |   | — |  |
|                                                                     |   |   |   |   |   |   |   |
| May 28, 2012                                                             |   |   |   |   |   |   |   |
| July 1, 2012                                                             | 61,807 |  |   | 78.77 |  |   | — |  |   | — |  |
|                                                                     |   |   |   |   |   |   |   |
| July 2, 2012                                                             |   |   |   |   |   |   |   |
| July 29, 2012                                                            | 1,067 |  |   | 78.01 |  |   | — |  |   | — |  |
|                                                                     |   |   |   |   |   |   |   |
| Total                                                                    | 91,286 |  |   | $ | 81.62 |  |   | — |  |   | — |  |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |
| The following exhibits are included herein: |
|                                        |   |   |
| 3.1                                         |  |   | Certificate of Incorporation (incorporated by reference to Exhibit 5 to the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 1977); Amendment to Certificate of Incorporation, filed June 27, 1984 (incorporated by reference to Exhibit 3B to the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 1985); Amendment to Certificate of Incorporation, filed June 2, 1987 (incorporated by reference to Exhibit 3(c) to the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 1988); Amendment to Certificate of Incorporation, filed June 1, 1993 (incorporated by reference to Exhibit 3.5 to the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 1994); Amendment to Certificate of Incorporation, filed June 20, 1996 (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the period ended July 28, 1996); Certificate of Amendment of Certificate of Incorporation, filed June 29, 2006 (incorporated by reference to Exhibit 3.9 to the Company’s Quarterly Report on Form 10-Q for the period ended May 6, 2007); Certificate of Amendment of Certificate of Incorporation, filed June 23, 2011 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on June 29, 2011). |
|                                        |   |   |
| 3.2                                         |  |   | 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 the Company’s Quarterly Report on Form 10-Q for the period ended May 4, 1986). |
|                                        |   |   |
| 3.3                                         |  |   | 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 the Company’s Current Report on Form 8-K, filed on February 26, 2003); Corrected Certificate of Designations, Preferences and Rights of Series B Convertible Preferred Stock of Phillips-Van Heusen Corporation, dated as of April 17, 2003 (incorporated by reference to Exhibit 3.9 to the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2003). |
|                                        |   |   |
| 3.4                                         |  |   | 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 the Company’s Quarterly Report on Form 10-Q for the period ended May 6, 2007). |
|                                        |   |   |
| 3.5                                         |  |   | Certificate Eliminating Reference To Series A Cumulative Participating Preferred Stock From Certificate of Incorporation (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K, filed on September 28, 2007). |
|                                        |   |   |
| 3.6                                         |  |   | 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). |
|                                        |   |   |
| 3.7                                         |  |   | By-Laws of Phillips-Van Heusen Corporation, as amended through February 2, 2012 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on February 3, 2012). |
|                                        |   |   |
| 4.1                                         |  |   | Specimen of Common Stock certificate (incorporated by reference to Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q for the period ended July 31, 2011). |
|                                        |   |   |
| 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 the Company’s Registration Statement on Form S-3 (Reg. No. 33-50751) filed on October 26, 1993); 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 the Company’s Quarterly Report on Form 10-Q for the period ended November 3, 2002); 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 the Company’s Current Report on Form 8-K, filed on February 26, 2003); 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). |
|                                        |   |   |

----

|                     |
|---------------------|
|                     |  |  |  |
| 4.3                 |  |   | 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). |
|                |   |   |
| 4.4                 |  |   | 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). |
|                |   |   |
| 4.5                 |  |   | 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); 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). |
|                |   |   |
| 4.6                 |  |   | 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). |
|                |   |   |
| 4.7                 |  |   | 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). |
|                |   |   |
| 4.8                 |  |   | 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               |  |   | Schedule of Non-Management Directors’ Fees, effective June 21, 2012. |
|                |   |   |
| 10.2                |  |   | 2006 Stock Incentive Plan, as amended through April 26, 2012 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed June 25, 2012). |
|                |   |   |
| +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 Operating & 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 Operating & 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. |

----

|        |
|--------|
|        |  |
|   | PVH CORP. |
|   | Registrant |

|        |
|--------|
|        |  |  |
| Dated: | September 6, 2012 | /s/ Bruce Goldstein |
|   |   | Bruce Goldstein |
|   |   | Senior Vice President and Controller (Chief Accounting Officer) |

----

|         |
|---------|
|         |  |
|    |   |
| 10.1    | Schedule of Non-Management Directors’ Fees, effective June 21, 2012. |
|    |   |
| 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 Operating & 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 Operating & 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 |
|    |   |