|                      | PVH CORP.                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      | ASSOCIATES INVESTMENT PLAN                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Date:  June 28, 2017 | By:  /s/ Dana Perlman                                                                           |
|                      | Dana Perlman                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                      | Member of Plan Committee                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

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|                                                                                                                                                                                                                                                                                                                                                                                                            | Page                                             |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------|
| Report of Independent Registered Public Accounting Firm    Financial Statements  Statements of Net Assets Available for Benefits  3  Statement of Changes in Net Assets Available for Benefits  4  Notes to Financial Statements  5Supplemental Schedule  Schedule H, Line 4i--Schedule of Assets (Held at End of Year) 13 | 1  3 4 5   13 |

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|                                                | 2016                                                                      |   | 2015                                                                      |
|-----------------------------------------------------|---------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|
| Assets                                              |                                                                      |   |                                                                      |
|                                                |                                                                      |   |                                                                      |
| Cash                                                | $        293,330                                 |   | $        370,638                                 |
| Participant-directed investments, at fair value     | 523,765,020                                                          |   | 480,468,368                                                          |
| Participant-directed investments, at contract value |                                                                      |   | 767,653                                                              |
| Receivables:                                        |                                                                      |   |                                                                      |
| Notes from participants                             | 10,568,080                                                           |   | 10,386,200                                                           |
| Contributions, employer                             | 371,931                                                              |   | 351,479                                                              |
| Contributions, employee                             |           830,988  |   |           763,188  |
|                                                |                                                                      |   |                                                                      |
| Total receivables                                   |      11,770,999                             |   |      11,500,867                             |
|                                                |                                                                      |   |                                                                      |
| Net assets available for benefits                   | $ 535,829,349                                                        |   | $  493,107,526                                                  |
|                                                |                                                                      |   |                                                                      |
|                                                |                                                                      |   |                                                                      |
|                                                |                                                                      |   |                                                                      |
|                                                |                                                                      |   |                                                                      |
|                                                |                                                                      |   |                                                                      |
|                                                |                                                                      |   |                                                                      |

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| Additions                                                           |                                                |
|---------------------------------------------------------------------|-----------------------------------------------------|
|                                                                |                                                |
| Investment income:                                                  |                                                |
|       Net appreciation of investments | $ 31,568,106                                        |
|       Dividend income                 |    11,949,995                   |
|    Total investment income                           | 43,518,101                                     |
|                                                                |                                                |
| Interest income on notes receivable from participants               | 440,325                                        |
|                                                                |                                                |
| Contributions:                                                      |                                                |
|    Employer, net of forfeitures                      | 12,899,067                                     |
|    Participants                                      | 30,534,606                                     |
|    Rollovers                                         |       2,246,995  |
| Total contributions                                                 | 45,680,668                                     |
|                                                                |                                                |
| Total additions                                                     | 89,639,094                                     |
|                                                                |                                                |
| Deductions                                                          |                                                |
|                                                                |                                                |
| Payments to participants                                            |     46,917,271             |
|                                                                |                                                |
| Total deductions                                                    |     46,917,271             |
|                                                                |                                                |
| Net increase in net assets available for benefits                   | 42,721,823                                     |
|                                                                |                                                |
| Net assets available for benefits at beginning of year              |   493,107,526                        |
|                                                                |                                                |
| Net assets available for benefits at end of year                    | $535,829,349                                   |
|                                                                |                                                |

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|                                                                                                                  |   |                                        | Fair Value Measurements at |
|-----------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|----------------------------|
|                                                                                                                  |   |                                        | December 31, 2016          |
| Asset Category                                                                                                        |   | Total                                       |                       | Quoted PricesIn ActiveMarkets forIdentical Assets(Level 1) |   | SignificantObservableInputs(Level 2) |   | SignificantUnobservableInputs(Level 3) |
|                                                                                                                  |   |                                        |                       |   |   |   |   |   |
|     Mutual funds(1)                                                                               |   | $ 425,017,918                               |                       |  $ 425,017,918  |   |   $         -         |   |   $         -         |
| PVH Corp. common stock(2)                                                                                             |   |     40,817,447     |                       |     40,817,447  |   |                -           |   |                  -             |
|                                                                                                                  |   |                                        |                       |   |   |   |   |   |
| Total investments measured at fair value                                                                              |   | $465,835,365                           |                       | $465,835,365  |   |      $          -           |   |      $         -           |
|                                                                                                                  |   |                                        |                       |   |   |   |   |   |
| Common collective trust fund measured at      net asset value(3)Total participant-directed investments |   |  $   57,929,655$ 523,765,020 |                       |   |   |   |   |   |
|                                                                                                                                           |   |                                                                | Fair Value Measurements at |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|----------------------------|
|                                                                                                                                           |   |                                                                | December 31, 2015          |
| Asset Category                                                                                                                                 |   | Total                                                               |                       | Quoted PricesIn ActiveMarkets forIdentical Assets(Level 1) |   | SignificantObservableInputs(Level 2) |   | SignificantUnobservableInputs(Level 3) |
|                                                                                                                                           |   |                                                                |                       |   |   |   |   |   |
| Mutual funds(1)                                                                                                                                |   | $ 385,820,828                                                  |                       |  $ 385,820,828  |   | $       -     |   |   |
| PVH Corp. common stock(2)                                                                                                                      |   |    35,332,998                                   |                       |     35,332,998  |   |                 -            |   |              -          |
| Total investments measured at fair value Common collective trust fund measured atnet asset value(3)Total participant-directed investments |   | $421,153,826   $   59,314,542$ 480,468,368 |                       | $421,153,826  |   |         $       -            |   | $            -         |

|  (1) | Valued at the net asset value of the fund(s), as determined by the closing price in the active market in which the individual fund is traded. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| (2) |  Valued at the closing price of PVH Corp. common stock as determined by the closing price in the active market in which the securities are traded. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Valued at the net asset value of the fund, as determined by the fund family.  The Plan has no unfunded commitments related to this common collective trust fund.  This fund invests in guarantee contracts and instruments and is redeemable on a daily basis without restriction. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                |   | 2016                                          |   | 2015                                                |
|-----------------------------------------------------|--------|-----------------------------------------------|--------|-----------------------------------------------------|
| Net assets available for benefits per the financial |   |                                          |   |                                                |
|                                                |   |                                          |   |                                                |
|    statements                        |   | $535,829,349                             |   | $493,107,526                                   |
| Amounts allocated to withdrawing participants       |   |       (142,258) |   |        (315,933) |
|                                                |   |                                          |   |                                                |
| Net assets available for benefits per the Form 5500 |   | $535,687,091                             |   | $492,791,593                                   |
|                                                |   |                                          |   |                                                |
|                                                       |   | 2016                                    |
|------------------------------------------------------------|--------|-----------------------------------------|
|                                                       |   |                                    |
| Benefits paid to participants per the financial statements |   | $46,917,271                        |
| Add: Amounts allocated to withdrawing participants at      |   |                                    |
|   December 31, 2016                              |   | 142,258                            |
| Less: Amount allocated to withdrawing participants at      |   |                                    |
|   December 31, 2015                              |   |      (315,933) |
| Benefits paid to participants per the Form 5500            |   | $46,743,596                        |
|                                                       |   |                                    |

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|   |                          |                                                                   |     |                                     |
|--------|-------------------------------|------------------------------------------------------------------------|----------|------------------------------------------|
|   |                          | (c)                                                                    |     |                                     |
|   | (b)                           | Description of investment                                              |     | (e)                                      |
| (a)    | Identity of issuer, borrower, | including maturity date, rate of                                       | (d)      | Current                                  |
|   | lessor or similar party       | interest, collateral, par or maturity value                            | Cost     | value                                    |
|   |                          |                                                                   |     |                                     |
|   | American Beacon Funds         | American Beacon Large Cap Value Fund;                                  |     |                                     |   |
|   |                          | 1,549,948.568 shares                                                   | **       | $  39,988,673                  |   |
|   | Dimensional Fund Advisors     | DFA U.S. Targeted Value Portfolio                                      |     |                                     |   |
|   |                          | Institutional; 1,520,480.628 shares                                    | **       | 36,506,740                          |   |
|   | American Funds                | Europacific Growth Fund R5;                                            |     |                                     |   |
|   |                          | 805,409.468 shares                                                     | **       | 36,251,480                          |   |
|   | Fidelity Funds                | Fidelity Balanced Fund;                                                |     |                                     |   |
|   |                          | 2,091,992.160 shares                                                   | **       | 46,065,667                          |   |
|   | Hartford Funds                | Hartford HLS Small Cap Growth Fund IB;                                 |     |                                     |   |
|   |                          | 941,497.648 shares                                                     | **       | 24,591,919                          |   |
|   | Lazard Funds                  | Lazard Funds Emerging Markets Portfolio                                |     |                                     |   |
|   |                          | Institutional; 808,106.885 shares                                      | **       | 12,897,386                          |   |
|   | Metropolitan West             | Metropolitan West Total Return Bond M                                  |     |                                     |   |
|   |                          | Fund; 3,736,256.666 shares                                             | **       | 39,380,145                          |   |
|   | Prudential                    | Prudential Jennison Mid Cap Growth Z;                                  |     |                                     |   |
|   |                          | 198,950.631 shares                                                     | **       | 7,001,073                           |   |
|   | T. Rowe Price                 | T. Rowe Price Blue Chip Growth;   651,462.220 shares    |  ** |  47,302,672                    |   |
|   | Vanguard                      | Vanguard  Institutional Index Fund;  400,554.107 shares |  ** |  81,644,944                    |   |
|   | Vanguard                      | Vanguard  Total Bond Market Index                                 |     |                                     |   |
|   |                          |    Institutional; 2,528,515.602 shares                  | **       | 26,928,691                          |   |
|   | Vanguard                      | Vanguard Total International Stock Index                               |     |                                     |   |
|   |                          | Institutional; 213,625.272 shares                                      | **       | 21,042,089                          |   |
|   | Virtus Mutual Funds           | Virtus Real Estate Securities Fund I;                                  |     |                                     |   |
|   |                          | 181,394.462 shares                                                     | **       | 5,416,439                           |   |
|   | Wells Fargo Funds             | Wells Fargo Stable Value Class U;                                      |     |                                     |   |
|   |                          | 1,159,752.860 shares                                                   | **       | 57,929,655                          |   |
| *      | PVH Corp.                     | PVH Corp. Common Stock;                                                |     |                                     |   |
|   |                          | 452,321.000 shares                                                     | **       |     40,817,447  |   |
|   |                          |                                                                   |     |                                     |   |
|   |                          | Total investments                                                      |     | $523,765,020                        |   |
|   |                          |                                                                   |     |                                     |   |
| *      | Notes receivable from         | Participant notes receivable maturing at                               |     |                                     |   |
|   |   participants      | various dates through 2032 and bearing                                 |     |                                     |   |
|   |                          | interest at rates from 4.25% to 9.25%                                  | **       | $  10,568,080                  |   |

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