SECURITIES & EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-Q

(Mark One)

X  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 2, 2003



OR



__ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT

OF 1934

For the transition period from ___________________________________ to ______________________________

Commission file number  001-07572





PHILLIPS-VAN HEUSEN CORPORATION

(Exact name of registrant as specified in its charter)





|Delaware                        |                     | 13-1166910
|------------------------------- | ------------------- | ----------
|(State or other jurisdiction of | (IRS Employer      
|incorporation or organization)  | Identification No.)



200 Madison Avenue                  New York, New York 10016

(Address of principal executive offices)



Registrant's telephone number (212) 381-3500



Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that registrant was required to file such reports), and (2) has been
subject to such filing requirement for the past 90 days.

Yes X No ___

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Yes X No
___

The number of outstanding shares of common stock, par value $1.00 per share, of Phillips-Van Heusen Corporation as of November 21, 2003:
30,497,378 shares.

PHILLIPS-VAN HEUSEN CORPORATION

INDEX

PART I -- FINANCIAL INFORMATION

Item 1 - Financial Statements

|Independent Accountants' Review Report                                                               | 1    
|---------------------------------------------------------------------------------------------------- | -----
|                                                                                                     |      
|Condensed Consolidated Balance Sheets as of  November 2, 2003, February 2, 2003 and November 3, 2002 | 2    
|                                                                                                     |      
|Condensed Consolidated Income Statements for the Thirteen and Thirty-Nine Weeks Ended                |      
|November 2, 2003 and November 3, 2002                                                                | 3    
|                                                                                                     |      
|Condensed Consolidated Statements of Cash Flows for the Thirty-Nine Weeks Ended November 2,          |      
|2003 and November 3, 2002                                                                            | 4    
|                                                                                                     |      
|Notes to Condensed Consolidated Financial Statements                                                 | 5-11 
|                                                                                                     |      
|Item 2 - Management's Discussion and Analysis of Results of Operations and Financial Condition       | 12-16
|                                                                                                     |      
|Item 3 - Quantitative and Qualitative Disclosures About Market Risk                                  | 16   
|                                                                                                     |      
|Item 4 - Controls and Procedures                                                                     | 16   
|                                                                                                     |      
|PART II -- OTHER INFORMATION                                                                         |      
|                                                                                                     |      
|Item 6 - Exhibits and Reports on Form 8-K                                                            | 17-19
|                                                                                                     |      
|Signatures                                                                                           | 20   
|                                                                                                     |      

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this Form 10-Q
report including, without limitation, statements relating to the Company's plans, strategies, objectives, expectations and intentions, are made
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-
looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might
not be anticipated, including, without limitation, the following: (i) the Company's plans, strategies, objectives, expectations and intentions
are subject to change at any time at the discretion of the Company; (ii) the levels of sales of the Company's apparel and footwear products,
both to its wholesale customers and in its retail stores, and the levels of sales of the Company's licensees at wholesale and retail, and the
extent of discounts and promotional pricing in which the Company and its licensees are required to engage, all of which can be affected by
weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends and other factors;  (iii) the Company's plans and
results of operations will be affected by the Company's ability to manage its growth and inventory, including the Company's ability to realize
revenue growth, cost savings or synergies from integrating, developing and growing Calvin Klein; (iv) the Company's operations and results
could be affected by quota restrictions (which, among other things, could limit the Company's ability to produce products in cost-effective
countries that have the labor and technical expertise needed), the availability and cost of raw materials (particularly petroleum-based
synthetic fabrics, which are currently in high demand), the Company's ability to adjust timely to changes in trade regulations and the
migration and development of manufacturers (which can affect where the Company's products can best be produced), and civil conflict, war or
terrorist acts, the threat of any of the foregoing or political and labor instability in the United States or any of the countries where the
Company's products are or are planned to be produced; (v) disease epidemics and health related concerns, which could result in closed
factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas; (vi) acquisitions and
issues arising with acquisitions and proposed transactions, including without limitation, the ability to integrate an acquired entity into the
Company with no substantial adverse affect on the acquired entity's, or the Company's existing operations, employee relationships, vendor
relationships, customer relationships or financial performance; (vii) the failure of the Company's licensees to market successfully licensed
products or to preserve the value of the Company's brands, or their misuse of the Company's brands and (viii) other risks and uncertainties
indicated from time to time in the Company's filings with the Securities and Exchange Commission.

The Company does not undertake any obligation to update publicly any forward-looking statement, whether as a result of the receipt of new
information, future events or otherwise.

PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

Independent Accountants' Review Report



Stockholders and Board of Directors

Phillips-Van Heusen Corporation

We have reviewed the accompanying condensed consolidated balance sheets of Phillips-Van Heusen Corporation as of November 2, 2003 and
November 3, 2002, the related condensed consolidated income statements for the thirteen and thirty-nine week periods ended November 2, 2003 and
November 3, 2002 and related condensed consolidated statements of cash flows for the thirty-nine week periods ended November 2, 2003 and
November 3, 2002. These financial statements are the responsibility of the Company's management.

We conducted our reviews in accordance with standards established by the American Institute of Certified Public Accountants. A review of
interim financial information consists principally of applying analytical procedures to financial data, and making inquiries of persons
responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with auditing
standards generally accepted in the United States, the objective of which is to express an opinion regarding the financial statements taken as
a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to the accompanying condensed consolidated
financial statements referred to above for them to be in conformity with accounting principles generally accepted in the United States.

We have previously audited, in accordance with auditing standards generally accepted in the United States, the consolidated balance sheet of
Phillips-Van Heusen Corporation as of February 2, 2003, and the related consolidated income statement, statement of changes in stockholders'
equity, and statement of cash flows for the year then ended (not presented herein) and in our report dated March 3, 2003, we expressed an
unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed
consolidated balance sheet as of February 2, 2003, is fairly stated, in all material respects, in relation to the consolidated balance sheet
from which it has been derived.



| | ERNST & YOUNG LLP
| | -----------------





New York, New York

November 19, 2003





























-1-





Phillips-Van Heusen Corporation

Condensed Consolidated Balance Sheets

(In thousands, except share data)

|                                                                   | UNAUDITED     | AUDITED     | UNAUDITED  
|------------------------------------------------------------------ | ------------- | ----------- | -----------
|                                                                   | November 2,   | February 2, | November 3,
|                                                                   | 2003          | 2003        | 2002       
|                                                                   |               |             |            
|ASSETS                                                             |               |             |            
|Current Assets:                                                    |               |             |            
|Cash and cash equivalents                                          | $      82,087 | $117,121    | $   63,385 
|Accounts receivable, less allowances for doubtful accounts of      |               |             |            
|$5,903, $2,872 and $2,802                                          | 184,021       | 69,765      | 136,789    
|Inventories                                                        | 233,412       | 230,971     | 222,170    
|Other, including deferred taxes of $27,454, $19,404 and $19,656    | 43,523        | 33,270      | 32,296     
|Total Current Assets                                               | 543,043       | 451,127     | 454,640    
|Property, Plant and Equipment                                      | 142,364       | 142,635     | 135,011    
|Goodwill                                                           | 153,309       | 94,742      | 94,742     
|Other Intangible Assets                                            | 628,788       | 18,233      | 18,233     
|Other, including deferred taxes of $0, $32,043 and $17,036         | 25,126        | 64,963      | 47,126     
|                                                                   |               |             |            
|                                                                   | $1,492,630    | $771,700    | $749,752   
|                                                                   |               |             |            
|LIABILITIES AND STOCKHOLDERS' EQUITY                               |               |             |            
|Current Liabilities:                                               |               |             |            
|Accounts payable                                                   | $     52,917  | $   40,638  | $  41,720  
|Accrued expenses                                                   | 136,543       | 86,801      | 87,075     
|Total Current Liabilities                                          | 189,460       | 127,439     | 128,795    
|Long-Term Debt                                                     | 399,076       | 249,012     | 248,993    
|Other Liabilities, including deferred taxes of $198,378, $0 and $0 | 330,396       | 123,022     | 83,769     
|                                                                   |               |             |            
|Series B Convertible Redeemable Preferred Stock                    | 264,746       |             |            
|                                                                   |               |             |            
|Stockholders' Equity:                                              |               |             |            
|Series A Preferred Stock, par value $100 per share; 125,000 shares |               |             |            
|authorized, no shares outstanding                                  |               |             |            
|Common Stock, par value $1 per share; 100,000,000 shares           |               |             |            
|authorized; shares issued 30,481,299; 27,812,954 and 27,812,414    | 30,481        | 27,813      | 27,812     
|Additional Capital                                                 | 153,163       | 123,645     | 123,473    
|Retained Earnings                                                  | 160,084       | 155,525     | 149,796    
|Accumulated Other Comprehensive Loss                               | (34,322)      | (34,370)    | (12,500)   
|                                                                   | 309,406       | 272,613     | 288,581    
|Less:	33,045; 28,581 and 28,581 shares of common stock held in     |               |             |            
|treasury, at cost                                                  | (454)         | (386)       | (386)      
|Total Stockholders' Equity                                         | 308,952       | 272,227     | 288,195    
|                                                                   |               |             |            
|                                                                   | $1,492,630    | $771,700    | $749,752   







See accompanying notes.



-2-



Phillips-Van Heusen Corporation

Condensed Consolidated Income Statements

Unaudited

(In thousands, except per share data)

|                                             | Thirteen Weeks Ended | Thirty-Nine Weeks Ended
|-------------------------------------------- | -------------------- | -----------------------
|                                             | November 2,          | November 3,            
|                                             | 2003                 | 2002                   
|                                             |                      |                        
|Net sales                                    | $421,443             | $406,493               
|Royalty and other revenues                   | 31,848               | 2,610                  
|Total revenues                               | 453,291              | 409,103                
|                                             |                      |                        
|Cost of goods sold                           | 275,272              | 258,603                
|                                             |                      |                        
|Gross profit                                 | 178,019              | 150,500                
|                                             |                      |                        
|Selling, general and administrative expenses | 142,349              | 118,332                
|                                             |                      |                        
|Gain on sale of investment                   |                      |                        
|                                             |                      |                        
|Income before interest and taxes             | 35,670               | 32,168                 
|                                             |                      |                        
|Interest expense                             | 9,352                | 5,936                  
|Interest income                              | 168                  | 236                    
|                                             |                      |                        
|Income before taxes                          | 26,486               | 26,468                 
|                                             |                      |                        
|Income tax expense                           | 9,452                | 8,779                  
|                                             |                      |                        
|Net income                                   | 17,034               | 17,689                 
|                                             |                      |                        
|Preferred stock dividends                    | 5,177                |                        
|                                             |                      |                        
|Net income available to common               |                      |                        
|stockholders                                 | $ 11,857             | $  17,689              
|                                             |                      |                        
|Basic net income per common share            | $     0.39           | $      0.64            
|                                             |                      |                        
|Diluted net income per common share          | $     0.34           | $      0.63            
|                                             |                      |                        
|Dividends declared per common share          | $   0.075            | $    0.075             
|                                             |                      |                        

See accompanying notes.



















-3-





Phillips-Van Heusen Corporation

Condensed Consolidated Statements of Cash Flows

Unaudited

(In thousands)

|                                                                             | Thirty-Nine Weeks Ended
|---------------------------------------------------------------------------- | -----------------------
|                                                                             | November 2,            
|                                                                             | 2003                   
|                                                                             |                        
|OPERATING ACTIVITIES:                                                        |                        
|Net income                                                                   | $   23,858             
|Adjustments to reconcile to net cash provided by operating activities:       |                        
|Depreciation and amortization                                                | 20,543                 
|Deferred income taxes                                                        | 2,571                  
|                                                                             |                        
|Changes in operating assets and liabilities:                                 |                        
|Receivables                                                                  | (86,614)               
|Inventories                                                                  | 12,313                 
|Accounts payable and accrued expenses                                        | 28,477                 
|Prepaids and other-net                                                       | 7,247                  
|Net Cash Provided By Operating Activities                                    | 8,395                  
|                                                                             |                        
|                                                                             |                        
|INVESTING ACTIVITIES:                                                        |                        
|Property, plant and equipment acquired                                       | (18,475)               
|Sale of investment in Gant Company AB, net of related fees                   | 17,234                 
|Acquisition of Calvin Klein, Inc., net of acquired cash                      | (421,099)              
|Contingent purchase price payments to Mr. Klein                              | (11,963)               
|Net Cash Used By Investing Activities                                        | (434,303)              
|                                                                             |                        
|                                                                             |                        
|FINANCING ACTIVITIES:                                                        |                        
|Proceeds from issuance of 10% secured term loan                              | 125,000                
|Repayment of 10% secured term loan                                           | (125,000)              
|Proceeds from issuance of 8 1/8% senior unsecured notes, net of related fees | 144,696                
|Proceeds from issuance of Series B convertible redeemable preferred stock    | 249,250                
|Proceeds from revolving line of credit                                       | 16,500                 
|Payments on revolving line of credit                                         | (16,500)               
|Exercise of stock options                                                    | 1,549                  
|Acquisition of treasury shares                                               | (68)                   
|Cash dividends on common stock                                               | (4,553)                
|Net Cash Provided (Used) By Financing Activities                             | 390,874                
|                                                                             |                        
|Increase (decrease) in cash                                                  | (35,034)               
|                                                                             |                        
|Cash at beginning of period                                                  | 117,121                
|                                                                             |                        
|Cash at end of period                                                        | $   82,087             
|                                                                             |                        

See accompanying notes.









-4-





PHILLIPS-VAN HEUSEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in thousands, except per share data)

GENERAL

The Company's fiscal years are based on the 52-53 week period ending on the Sunday closest to February 1, and are designated by the calendar
year in which the fiscal year commences.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting
principles in the United States for interim financial information. Accordingly, they do not contain all disclosures required by generally
accepted accounting principles in the United States for complete financial statements. Reference should be made to the audited consolidated
financial statements, including the notes thereto, included in the Company's Annual Report on Form 10-K for the year ended February 2,
2003.

The preparation of interim financial statements in conformity with generally accepted accounting principles in the United States requires
management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual
results could differ from the estimates.

The results of operations for the thirty-nine weeks ended November 2, 2003 and November 3, 2002 are not necessarily indicative of those for
a full fiscal year due, in part, to seasonal factors. The data contained in these financial statements are unaudited and are subject to year
end adjustments; however, in the opinion of management, all known adjustments (which consist only of normal recurring accruals) have been made
to present fairly the consolidated operating results for the unaudited periods.

Certain reclassifications have been made to the condensed consolidated financial statements for the prior year periods to present that
information on a basis consistent with the current year periods.

INVENTORIES

Inventories, comprised principally of finished goods, are stated at the lower of cost or market. Cost for certain apparel inventories is
determined using the last-in, first-out method (LIFO). Cost for all other inventories is determined using the first-in, first-out method
(FIFO). At November 2, 2003, February 2, 2003 and November 3, 2002, no LIFO reserve was recorded because LIFO cost approximated FIFO cost.

The final determination of cost of sales and inventories under the LIFO method is made at the end of each fiscal year based on inventory
cost and quantities on hand. Interim LIFO determinations are based on management's estimates of expected year-end inventory levels and costs.
Such estimates are subject to revision at the end of each quarter. Since estimates of future inventory levels and costs are subject to external
factors, interim financial results are subject to year-end LIFO inventory adjustments.

























-5-







EARNINGS PER SHARE

The Company computed its basic and diluted net income per common share as follows:

|                                          | Thirteen Weeks Ended | Thirty-Nine Weeks Ended
|----------------------------------------- | -------------------- | -----------------------
|                                          | 11/2/03              | 11/3/02                
|                                          |                      |                        
|Net income                                | $17,034              | $17,689                
|                                          |                      |                        
|Less: Preferred stock dividends           | 5,177                |                        
|                                          |                      |                        
|Net income available to common            |                      |                        
|stockholders for basic net income         |                      |                        
|per common share                          | 11,857               | 17,689                 
|                                          |                      |                        
|Add back preferred stock dividends        | 5,177                |                        
|                                          |                      |                        
|Net income available to common            |                      |                        
|stockholders for diluted net income       |                      |                        
|per common share                          | $17,034              | $17,689                
|                                          |                      |                        
|                                          |                      |                        
|Weighted average common shares            |                      |                        
|outstanding for basic net income          |                      |                        
|per common share                          | 30,398               | 27,812                 
|                                          |                      |                        
|Impact of dilutive employee stock options | 787                  | 276                    
|                                          |                      |                        
|Impact of assumed preferred stock         |                      |                        
|conversion                                | 18,541               |                        
|                                          |                      |                        
|Total shares for diluted net income       |                      |                        
|per common share                          | 49,726               | 28,088                 
|                                          |                      |                        
|                                          |                      |                        
|Basic net income per common share         | $   0.39             | $    0.64              
|                                          |                      |                        
|Diluted net income per common share       | $   0.34             | $    0.63              

Options to purchase 10 and 3,376 shares of common stock were excluded from the computation of diluted net income per common share for the
thirteen weeks ended November 2, 2003 and November 3, 2002, respectively, because the inclusion thereof would be antidilutive. Options to
purchase 1,779 and 1,747 shares of common stock were excluded from the computation of diluted net income per common share for the thirty-nine
weeks ended November 2, 2003 and November 3, 2002, respectively, because the inclusion thereof would be antidilutive. Conversion of the
Company's convertible redeemable preferred stock into approximately 17,603 common shares outstanding for the thirty-nine weeks ended November
2, 2003 was not assumed because the inclusion thereof would have been antidilutive.

SALE OF INVESTMENT

In the current year's second quarter, the Company sold its minority interest in Gant Company AB for $17,234, net of related fees, which
resulted in a one-time pre-tax gain of $3,496.





-6-





RESTRUCTURING AND OTHER CHARGES

In the fourth quarter of 2001, the Company recorded restructuring and other charges of $21,000 related to streamlining certain corporate and
divisional operations, exiting three dress shirt manufacturing facilities and liquidating related dress shirt inventories. Through the end of
2002, the Company charged approximately $17,800 to this liability, leaving $3,200 in this liability at February 2, 2003. During the first three
quarters of 2003, the Company charged approximately $1,600 to this liability, leaving approximately $1,600 in this liability at November 2,
2003. The actions related to these charges have been substantially completed by the Company; however, due to the extended terms of certain
lease and employee termination contractual obligations, costs continue to be charged to this reserve.

COMPREHENSIVE INCOME

Comprehensive income is as follows:

|                                                 | Thirteen Weeks Ended | Thirty-Nine Weeks Ended
|------------------------------------------------ | -------------------- | -----------------------
|                                                 | 11/2/03              | 11/3/02                
|                                                 |                      |                        
|Net income                                       | $17,034              | $17,689                
|Other comprehensive income (loss), net of taxes: |                      |                        
|Foreign currency translation adjustments         | (42)                 |                        
|Gain (loss) on foreign currency hedges           | 131                  |                        
|                                                 |                      |                        
|Comprehensive income                             | $17,123              | $17,689                

The income tax effect related to foreign currency translation adjustments was a benefit of $25 and an expense of $46, respectively, for the
thirteen and thirty-nine weeks ended November 2, 2003. The income tax effect related to the foreign currency hedges was an expense of $76 and a
benefit of $17 for the thirteen and thirty-nine weeks ended November 2, 2003.

STOCK-BASED COMPENSATION

The Company accounts for its stock options under the intrinsic value method of APB Opinion No. 25, "Accounting for Stock Issued to
Employees," and complies with the disclosure requirements of FASB Statement No. 123, "Accounting for Stock-Based Compensation," as amended by
FASB Statement No. 148, "Accounting for Stock-Based Compensation - Transition and Disclosure."  Under APB Opinion No. 25, the Company does not
recognize compensation expense because the exercise price of the Company's stock options equals the market price of the underlying stock on the
date of grant.

The following table illustrates the effect on net income and net income per common share if the Company had applied the fair value
recognition provisions of FASB Statement No. 123:

|                                           | Thirteen Weeks Ended | Thirty-Nine Weeks Ended
|------------------------------------------ | -------------------- | -----------------------
|                                           | 11/2/03              | 11/3/02                
|                                           |                      |                        
|Net income - as reported                   | $17,034              | $17,689                
|Deduct:  Stock-based employee              |                      |                        
|compensation expense determined under fair |                      |                        
|value method, net of related tax effects   | 979                  | 842                    
|                                           |                      |                        
|Net income - as adjusted                   | $16,055              | $16,847                
|                                           |                      |                        
|Net income per common share:               |                      |                        
|Basic - as reported                        | $   0.39             | $    0.64              
|Diluted - as reported                      | $   0.34             | $    0.63              
|Basic - as adjusted                        | $   0.36             | $    0.61              
|Diluted - as adjusted                      | $   0.32             | $    0.61              



-7-



ACQUISITION OF CALVIN KLEIN

On February 12, 2003, the Company purchased all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies.
The Company paid $401,160 in cash, net of $6,840 cash acquired, and issued 2,536 shares of the Company's common stock, valued at $30,000, in
connection with the acquisition. The purchase price also included, in consideration of Mr. Klein's sale to the Company of all of his rights
under a design services letter agreement with Calvin Klein, Inc., a nine-year warrant in favor of Mr. Klein to purchase 320 shares of the
Company's common stock at $28.00 per share, which the Company has valued at $637 based on the Black-Scholes model, and contingent purchase
price payments for 15 years based on 1.15% of total worldwide net sales of products bearing any of the Calvin Kleinbrands. Such
contingent purchase price payments will be charged to goodwill. The Company and the former stockholders of the acquired entities are in the
process of finalizing the closing date net book value of the acquired entities; thus the amount paid is subject to adjustment.

Please see the notes entitled "Redeemable Preferred Stock," "Other Intangible Assets," "Goodwill," "Long-Term Debt" and "Noncash Investing
and Financing Transactions" in relation to the acquisition.

If the acquisition had occurred on the first day of fiscal 2002 instead of on February 12, 2003, the Company's proforma consolidated results
of operations would have been:



|                                    | Thirteen Weeks Ended | Thirty-Nine Weeks Ended
|----------------------------------- | -------------------- | -----------------------
|                                    | 11/2/03              | 11/3/02                
|                                    |                      |                        
|Total revenues                      | $453,291             | $452,101               
|Net income                          | $  17,034            | $  19,570              
|Basic net income per common share   | $      0.39          | $      0.47            
|Diluted net income per common share | $      0.34          | $      0.40            

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:



|                                   |          
|---------------------------------- | ---------
|Current assets                     | $  52,670
|Intangible assets                  | 657,204  
|Other non-current assets           | 2,060    
|Total assets acquired              | $711,934 
|                                   |          
|Current liabilities                | $  33,544
|Non-current liabilities, including |          
|deferred taxes of $219,800         | 219,814  
|Total liabilities assumed          | $253,358 
|                                   |          
|Net assets acquired                | $458,576 

In connection with the acquisition, the Company recorded a liability of $30,939 related to severance and termination benefits for certain
employees of the acquired entities, lease and other contractual obligations related to certain facilities which the Company does not plan to
operate, inventory purchase commitments for product which the Company does not plan to continue marketing and various transaction fees and
expenses, including advisory, accounting and legal fees. A tax benefit of $11,000 was also recorded in relation to such liabilities. The net
effect of the liability and tax benefit recorded was included in goodwill. The actions related to this liability are anticipated to be
completed in 2004. Through the first nine months of 2003, approximately $22,525, comprised principally of severance and deal-related fees, was
charged to this liability, leaving $8,414 in this liability at November 2, 2003.











-8-





REDEEMABLE PREFERRED STOCK

In connection with the Calvin Klein acquisition, the Company issued to affiliates of Apax Managers, Inc. and Apax Partners Europe Managers
Limited (collectively, "Apax") $250,000 of convertible redeemable preferred stock. The cash proceeds from this issuance after related fees were
$249,250. The convertible redeemable preferred stock has a conversion price of $14.00 per share and a dividend rate of 8% per annum, payable
quarterly, in cash. If the Company elects not to pay a cash dividend for any quarter, then the convertible redeemable preferred stock will be
treated for purposes of the payment of future dividends and upon conversion, redemption or liquidation as if an in-kind dividend had been paid.
As of November 2, 2003, the liquidation preference of the convertible redeemable preferred stock was $264,746 as the Company elected not to pay
cash dividends in each of the first three quarters of 2003. Conversion may occur any time at Apax's option. Conversion may occur at the
Company's option on or after February 12, 2007, if the market value of the Company's common stock trades equals or exceeds 225% of the
conversion price then in effect for 60 consecutive days. Apax can require the Company to redeem for cash all of the then outstanding shares of
convertible redeemable preferred stock on or after November 1, 2013.

OTHER INTANGIBLE ASSETS

Other intangible assets is comprised of the following:

|                                  | 11/2/03     | 2/2/03  | 11/3/02
|--------------------------------- | ----------- | ------- | -------
|                                  |             |         |        
|Subject to Amortization           |             |         |        
|Covenant Not to Compete           | $       555 |         |        
|                                  |             |         |        
|Not Subject to Amortization       |             |         |        
|Tradenames                        | 542,233     | $18,233 | $18,233
|Contractual Rights                | 86,000      |         |        
|Total Not Subject to Amortization | 628,233     | 18,233  | 18,233 
|                                  |             |         |        
|Total Other Intangible Assets     | $628,788    | $18,233 | $18,233
|                                  |             |         |        

As of November 2, 2003, the covenant not to compete, which is amortized over ten years, is net of accumulated amortization of
$45. The Company recorded the covenant not to compete, tradenames valued at $524,000 and certain contractual rights in connection with the
Calvin Klein acquisition based upon third-party valuations of such intangible assets. In addition, the Company recorded a deferred tax
liability of $231,800 in relation to the acquisition of these assets.

GOODWILL

In connection with the Calvin Klein acquisition and the subsequent contingent purchase price payments to Mr. Klein, the Company recorded
$58,567 in goodwill.

Goodwill by segment is as follows:

|                       | 11/2/03   | 2/2/03  | 11/3/02
|---------------------- | --------- | ------- | -------
|                       |           |         |        
|Apparel and Footwear   | $  94,742 | $94,742 | $94,742
|Calvin Klein Licensing | 58,567    |         |        
|                       | $153,309  | $94,742 | $94,742









-9-



DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

During the current year's second quarter, the Company entered into forward exchange contracts in anticipation of future purchases of
inventory denominated in Euros. These forward exchange contracts are used to hedge against the Company's exposure to changes in the exchange
rate for the Euro. The forward exchange contracts are not held for the purpose of trading or speculation and the Company has classified these
contracts as cash flow hedges. The principal terms of the foreign exchange contracts are the same as the underlying forecasted inventory
purchases; therefore changes in the fair value of the forward contracts should be highly effective in offsetting changes in the expected cash
flows from the inventory purchases. At November 2, 2003, the Company's foreign exchange contracts had a notional amount of $2,939, with
maturity dates through December 2003.

LONG-TERM DEBT

Long-term debt is as follows:

|                                          | 11/2/03  | 2/2/03   | 11/3/02 
|----------------------------------------- | -------- | -------- | --------
|                                          |          |          |         
|9 1/2% senior subordinated notes due 2008 | $149,577 | $149,521 | $149,505
|7 3/4% debentures due 2023                | 99,499   | 99,491   | 99,488  
|8 1/8% senior unsecured notes due 2013    | 150,000  |          |         
|                                          | $399,076 | $249,012 | $248,993

In connection with the Calvin Klein acquisition, the Company entered into a 10% secured term loan agreement for $125,000 with Apax. The
Company borrowed $100,000 in connection with the closing of the Calvin Klein acquisition and borrowed the remaining $25,000 on March 14, 2003.
On May 5, 2003, the Company completed a $150,000 offering of senior unsecured notes. The notes accrue interest at the rate of 8 1/8% per annum
and mature on May 1, 2013. The net proceeds of the offering after related fees were $144,696. The Company used the proceeds from the offering
to repay the $125,000 10% secured term loan from Apax, plus accrued interest.

NONCASH INVESTING AND FINANCING TRANSACTIONS

Omitted from the Company's Investing Activities and Financing Activities sections of the Condensed Consolidated Statements of Cash Flows for
the thirty-nine weeks ended November 2, 2003 were certain noncash transactions related to the Calvin Klein acquisition. As part of the purchase
price, the Company issued shares of its common stock, valued at $30,000 to the selling shareholders. In addition, the Company issued a nine-
year warrant to purchase the Company's common stock to Mr. Klein, valued at $637.

Excluded from the Financing Activities section of the Condensed Consolidated Statements of Cash Flows for the thirty-nine weeks ended
November 2, 2003 were preferred dividends of $14,746, as the Company elected not to pay a cash dividend in each of the first three quarters of
2003 on the Company's convertible redeemable preferred stock that was issued to finance the acquisition. Please see the note entitled
"Redeemable Preferred Stock."

SEGMENT DATA

The Calvin Klein acquisition has impacted significantly the way the Company manages and analyzes its operating results. As such, the Company
has changed the way it reports its segment data. The Company manages and analyzes its operating results by two business segments: (i) Apparel
and Footwear segment and (ii) Calvin Klein Licensing segment. In identifying its reportable segments, the Company evaluated its operating
divisions and product offerings. The Company aggregates the results of its apparel and footwear divisions into the Apparel and Footwear
segment. This segment derives revenues from marketing dress shirts, sportswear and footwear, principally under the brand names Van Heusen,
Izod, Geoffrey Beene, DKNY, Arrow, Kenneth Cole New York, Reaction by Kenneth Cole, Bass/G.H. Bass & Co. and CK Calvin Klein.
The Calvin Klein Licensing segment derives revenues from (a) licensing and similar arrangements worldwide of the Calvin Klein
Collection, Calvin Klein, CK and CK Calvin Kleinbrands for a broad array of products and (b) the marketing, directly by the
Company, of high-end apparel and accessories collections for men and women under the Calvin Kleinbrand. The Company includes the
Calvin Klein collections businesses in the Calvin Klein Licensing segment because management views the purpose of the Calvin
Klein collections businesses as building and marketing the Calvin Klein brands which supports and benefits all of the brands'
licensing businesses.

-10-



|                                          | Segment Data        
|----------------------------------------- | --------------------
|                                          | Thirteen Weeks Ended
|                                          | 11/2/03             
|                                          |                     
|Revenues - Apparel and Footwear           |                     
|Net sales                                 | $411,491            
|Royalty and other revenues                | 2,798               
|Total                                     | $414,289            
|                                          |                     
|Revenues - Calvin Klein Licensing         |                     
|Net sales                                 | $   9,952           
|Royalty and other revenues                | 29,050              
|Total                                     | $ 39,002            
|                                          |                     
|Total revenues                            |                     
|Net sales                                 | $421,443            
|Royalty and other revenues                | 31,848              
|Total                                     | $453,291            
|                                          |                     
|Operating income - Apparel and Footwear   | $  36,110           
|                                          |                     
|Operating income - Calvin Klein Licensing | 4,895               
|                                          |                     
|Corporate expenses                        | 5,335               
|                                          |                     
|Income before interest and taxes          | $ 35,670            
|                                          |                     

Corporate expenses represent overhead operating expenses which the Company does not allocate to its segments and include
expenses for senior corporate management, corporate finance and information technology related to corporate infrastructure. Corporate expenses
for the thirty-nine weeks ended November 2, 2003 include a one-time pre-tax gain of $3,496 related to the Company's sale of its minority
interest in Gant Company AB.

|                       |  | 11/2/03     | 2/2/03   | 11/3/02   
|---------------------- |  | ----------- | -------- | ----------
|Identifiable assets    |  |             |          |           
|Apparel and Footwear   |  | $   523,210 | $474,822 | $  531,954
|Calvin Klein Licensing |  | 731,320     |          |           
|Corporate              |  | 238,100     | 296,878  | 217,798   
|                       |  | $1,492,630  | $771,700 | $ 749,752 

Revenues for the Apparel and Footwear segment occur principally in the United States. Revenues for the Calvin Klein Licensing segment
occurred as follows for the thirteen and thirty-nine weeks ended November 2, 2003:

|         | Thirteen Weeks Ended | Thirty-Nine Weeks Ended
|-------- | -------------------- | -----------------------
|         | 11/2/03              | 11/2/03                
|         |                      |                        
|Domestic | $18,674              | $  56,145              
|Foreign  | 20,328               | 52,558                 
|         | $39,002              | $108,703               

OTHER COMMENTS

The Company has guaranteed the payment of certain purchases made by one of the Company's suppliers from three raw material vendors. The
amount guaranteed at November 2, 2003 was $1,112. The maximum amount guaranteed under all three contracts is $4,500. The guarantees expire on
January 31, 2005.

-11-

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

RESULTS OF OPERATIONS

The Company's results in 2003 are being impacted significantly by the Company's acquisition of Calvin Klein, Inc. and certain related
companies, which was completed on February 12, 2003. The following discussion of results of operations references integration costs associated
with the Calvin Klein acquisition. Calvin Klein integration costs include: (i) the sales, cost of sales and operating expenses directly
attributable to the Calvin Klein men's and women's high-end ready-to-wear collection apparel businesses which the Company is
transferring to Vestimenta, S.p.A. under a license agreement which will be in full effect on January 1, 2004, and a payment to Vestimenta to
defray its transition expenses and (ii) the costs of certain duplicative personnel and facilities during the integration of various logistical
and back office functions. These duplicative costs include salaries and related fringe benefits, lease expenses and software maintenance fees
associated with integrating the Calvin Klein finance, information systems and human resources functions. They also include salaries and
facilities expenses associated with Calvin Klein's New Jersey warehouse and distribution center and administrative facility, which the Company
will exit by the end of 2003 in connection with the transfer of the collection apparel businesses to Vestimenta.

Thirteen Weeks Ended November 2, 2003 Compared With Thirteen Weeks Ended November 3, 2002

Net Sales

Net sales in the third quarter of 2003 increased $14.9 million to $421.4 million from $406.5 million in the prior year. Net sales in the
third quarter of 2003 included $6.5 million related to the Calvin Klein men's and women's high-end ready-to-wear collection apparel
businesses which the Company is transferring to Vestimenta under a license agreement which will be in full effect on January 1, 2004. Of the
remaining $8.4 million increase, $5.0 million was due to an increase in the Apparel and Footwear segment, driven principally by increases in
the Company's wholesale apparel businesses, particularly Izodand Arrow, offset, in part, by sales declines in the Company's
retail businesses. The remaining $3.4 million was in the newly acquired Calvin Klein Licensing segment, and represents the net sales of the
Calvin Klein retail stores that the Company operates worldwide to showcase the Calvin Klein brand.

Royalty and Other Revenues

Royalty and other revenues in the third quarter of 2003 increased $29.2 million to $31.8 million from $2.6 million in the prior year. Of
this $29.2 million increase, $29.1 million was attributable to royalty, design and similar fee revenues of the newly acquired Calvin Klein
Licensing segment. Calvin Klein royalty, design and similar fee revenues are generated from licenses and other arrangements for the worldwide
marketing of various products under theCalvin Klein brand names, including jeans, underwear, fragrances, eyewear, men's tailored
clothing, ties, shoes, hosiery, socks, swimwear, watches, coats, leather goods, table top and soft home furnishings and accessories.

Gross Profit on Net Sales

Gross profit on net sales in the third quarter of 2003 was $146.2 million, or 34.7% of net sales, compared with $147.9 million, or 36.4% of
net sales in the prior year. This decrease was due principally to the negative impact of transferring the Calvin Kleinmen's and women's
high-end ready-to-wear collection apparel businesses to Vestimenta under a license agreement which will be in full effect on January 1,
2004.

Gross Profit on Royalty and Other Revenues

Gross profit on royalty and other revenues was equal to royalty and other revenues as there is no cost of sales associated with these
revenues.











-12-





Selling, General and Administrative Expenses

Selling, general and administrative expenses in the third quarter of 2003 increased $24.0 million to $142.3 million from $118.3 million in
the prior year. Of this $24.0 million increase, $3.8 million related to Calvin Klein integration costs, which are described above and are
reflected in the Calvin Klein Licensing segment. The Company expects to incur such integration costs throughout 2003. The remaining $20.2
million increase was due principally to other expenses associated with the Calvin Klein Licensing segment. Such expenses included salaries,
office occupancy and marketing, as well as operating expenses of the Calvin Klein retail stores.

Interest Expense, Net

Net interest expense in the third quarter of 2003 was $9.2 million compared with $5.7 million last year. This increase was due principally
to the additional debt incurred to finance the Calvin Klein acquisition, as well as higher interest costs, principally letters of credit fees,
associated with the Company's revolving credit facility, which was refinanced in October 2002.

Income Taxes

Income taxes for the current year were calculated at a rate of 35.7%, compared with last year's full year rate of 34.3%. The increase in the
current year's rate was due principally to certain non-deductible costs associated with the Company's sale of its investment in Gant Company
AB.

Thirty-Nine Weeks Ended November 2, 2003 Compared With Thirty-Nine Weeks Ended November 3, 2002

Net Sales

Net sales in the first nine months of 2003 increased $34.7 million to $1,117.3 million from $1,082.6 million in the prior year. Net sales in
the first nine months of 2003 included $17.2 million related to the Calvin Klein men's and women's high-end ready-to-wear collection
apparel businesses which the Company is transferring to Vestimenta under a license agreement which will be in full effect on January 1, 2004.
Of the remaining $17.5 million increase, $6.9 million was due to an increase in the Apparel and Footwear segment. This increase was due
principally to growth in the Company's wholesale apparel businesses, particularly Izod, Van Heusen and Arrow, offset, in part, by
sales declines in the Company's retail businesses, particularly, lower first quarter sales of sandals and spring canvas product in the
Bass footwear business due to unseasonably cold weather in much of the United States. The remaining $10.6 million was in the newly
acquired Calvin Klein Licensing segment, and represents the net sales of the Calvin Klein retail stores that the Company operates
worldwide to showcase the Calvin Klein brand.

Royalty and Other Revenues

Royalty and other revenues in the first nine months of 2003 increased $83.0 million to $90.1 million from $7.1 million in the prior year. Of
this $83.0 million increase, $80.9 million was attributable to royalty, design and similar fee revenues of the newly acquired Calvin Klein
Licensing segment. Calvin Klein royalty, design and similar fee revenues are generated from licenses and other arrangements for the worldwide
marketing of various products under the Calvin Klein brand names, including jeans, underwear, fragrances, eyewear, men's tailored
clothing, ties, shoes, hosiery, socks, swimwear, watches, coats, leather goods, table top and soft home furnishings and accessories. The
remaining $2.1 million increase was due principally to an increase in licensing revenues generated by the Company's Izodbrand.

Gross Profit on Net Sales

Gross profit on net sales in the first nine months of 2003 was $398.7 million, or 35.7% of net sales, compared with $391.9 million, or 36.2%
of net sales in the prior year. This decrease was due principally to the negative impact of transferring the Calvin Klein men's and
women's high-end ready-to-wear collection apparel businesses to Vestimenta under a license agreement which will be in full effect on January 1,
2004 and increased promotional selling in the Company's retail businesses in the current year's second quarter. These declines were offset, in
part, by lower product costs and more full price selling in the Company's wholesale apparel businesses in the current year's first quarter.





-13-

Gross Profit on Royalty and Other Revenues

Gross profit on royalty and other revenues was equal to royalty and other revenues as there is no cost of sales associated with these
revenues.

Selling, General and Administrative Expenses

Selling, general and administrative expenses in the first nine months of 2003 increased $83.1 million to $427.8 million from $344.7 million
in the prior year. Of this $83.1 million increase, $25.8 million related to Calvin Klein integration costs, which are described above and are
reflected in the Calvin Klein Licensing segment. The Company expects to incur such integration costs throughout 2003. In addition, $50.8
million of the increase was related to other expenses associated with the Calvin Klein Licensing segment. Such expenses included salaries,
office occupancy and marketing, as well as operating expenses of the Calvin Klein retail stores. The remaining $6.5 million increase was
due principally to higher payroll, medical and other employee benefit expenses associated with the Apparel and Footwear segment.

Gain on Sale of Investment

The Company sold its minority interest in Gant Company AB in the second quarter of 2003 for $17.2 million, net of related fees, which
resulted in a one-time pre-tax gain of $3.5 million.

Interest Expense, Net

Net interest expense in the first nine months of 2003 was $27.4 million compared with $16.9 million last year. This increase was due
principally to the additional debt incurred to finance the Calvin Klein acquisition, as well as higher interest costs, principally letters of
credit fees, associated with the Company's revolving credit facility, which was refinanced in October 2002.

Income Taxes

Income taxes for the current year were calculated at a rate of 35.7%, compared with last year's full year rate of 34.3%. The increase in the
current year's rate was due principally to certain non-deductible costs associated with the Company's sale of its investment in Gant Company
AB.

LIQUIDITY AND CAPITAL RESOURCES

The Company's cash requirements are principally to fund growth in working capital, primarily accounts receivable and inventory to support
increases in sales, and capital expenditures, including investments in information technology, warehousing and distribution and the Company's
retail stores. Historically, the Company has financed these requirements from internally generated cash flow or seasonal borrowings under the
Company's revolving credit facility.

Operating Activities

Cash provided by operating activities was $8.4 million in the first nine months of 2003 compared with $37.5 million in the prior year. This
decrease was due principally to the change in receivables and deferred income taxes, offset, in part, by an increase in accounts payable and
accrued expenses. The $31.4 million change in receivables was due principally to the third quarter sales increase in the Company's wholesale
apparel businesses and the additional revenues generated from the Calvin Klein businesses. The $10.0 million change in deferred income taxes
was due principally to the deferred tax benefit from the $30.9 million liability the Company recorded relating to certain costs associated with
the Calvin Klein acquisition. The $14.0 million change in accounts payable and accrued expenses was due principally to accrued interest on the
$150.0 million 8 1/8% senior unsecured notes due 2013 issued in the second quarter of the current year to refinance certain indebtedness
incurred in connection with the Calvin Klein acquisition, which will be paid in the fourth quarter. Also contributing to this increase is
accrued interest on the Company's $150.0 million 9 1/2% senior subordinated notes due 2008, which was paid in the third quarter last year, but
will be paid in this year's fourth quarter.

-14-



Investing Activities

The Company's investing activities for the first nine months of 2003 were impacted significantly by the Calvin Klein acquisition. The net
cash used for the acquisition was $421.1 million. Please see the note entitled "Noncash Investing and Financing Transactions" in the Notes to
Condensed Consolidated Financial Statements for a description of other costs associated with the Calvin Klein acquisition. The Company is also
making contingent purchase price payments to Mr. Klein, as required under the acquisition agreement, based on a percentage of worldwide sales
of products bearing any of the Calvin Klein brands. Such amount was $12.0 million for the first nine months of 2003. The Company
estimates that such payments will be approximately $17.0 million in 2003. The Company expects to fund these payments from internally generated
operating cash flow and existing cash balances. Capital spending in the first nine months of 2003 was $18.5 million compared with $15.5 million
in the prior year. The Company currently anticipates capital spending in fiscal 2003 will approximate $33.0 million to $38.0 million. The
foregoing are forward-looking statements. Changes in the Company's plans or projections regarding investments in information technology and
warehousing and distribution, as well as a change in cash flow could affect actual capital spending levels. In addition, the actual payments to
Mr. Klein will be dependent on the level of sales of goods bearing any of the Calvin Kleinbrands by the Company, by the Company's
licensees and by other authorized users.

Financing Activities

The Company's financing activities for the first nine months of 2003 were impacted significantly by the Calvin Klein acquisition. In order
to finance the acquisition, the Company issued $250.0 million of convertible redeemable preferred stock. The cash proceeds of this issuance
after related fees were $249.3 million. In addition, the Company issued $150.0 million of 8 1/8% senior unsecured notes on May 5, 2003. The
cash proceeds of this issuance after related fees were $144.7 million. Please see the notes entitled "Redeemable Preferred Stock," "Long-Term
Debt" and "Noncash Investing and Financing Transactions" in the Notes to Condensed Consolidated Financial Statements for a further
description.

The Company's capital structure was impacted significantly by the Calvin Klein acquisition. Total debt as a percentage of total capital was
41.0% as of November 2, 2003 compared with 47.8% and 46.4% as of February 2, 2003 and November 3, 2002, respectively. Total capital includes
interest-bearing debt, convertible redeemable preferred stock and stockholders' equity. These percentages, net of cash, were 35.6%, 32.6% and
39.2% as of November 2, 2003, February 2, 2003 and November 3, 2002, respectively.

The Company has a secured revolving credit facility which provides for revolving credit borrowings as well as the issuance of letters of
credit. The Company may, at its option, borrow and repay amounts up to a maximum of $325.0 million under both the revolving credit borrowings
and the issuance of letters of credit. Borrowing spreads and letters of credit fees are based on spreads above Eurodollar and other available
interest rates, with the spreads changing based upon a pricing grid. For example, revolving credit spreads range from 175 to 275 basis points
over Eurodollar loan rates and 100 to 200 basis points on outstanding letters of credit. All outstanding borrowings and letters of credit under
this credit facility are due October 17, 2007. As of November 2, 2003, the Company had no borrowings and $122.3 million of outstanding letters
of credit under this facility. The Company believes that its borrowing capacity under this secured revolving credit facility provides the
Company with adequate liquidity for its peak seasonal needs for the foreseeable future. The foregoing is a forward-looking statement and may be
affected by factors such as changes in cash flow.

SEASONALITY

The Company's business is seasonal, with higher sales and income in the second half of the year, which coincides with the Company's two peak
retail selling seasons: the first running from the start of the back to school and Fall selling season beginning in August and continuing
through September, and the second being the Christmas selling season beginning with the weekend following Thanksgiving and continuing through
the week after Christmas.











-15-





Also contributing to the strength of the second half is the high volume of Fall shipments to wholesale customers, which are generally more
profitable than Spring shipments. The less profitable Spring selling season at wholesale combines with retail seasonality to make the first
quarter weaker than the other quarters. Due to the Calvin Klein acquisition, in particular the impact of the substantial level of royalty and
other revenues generated from the Calvin Klein Licensing segment, which tend to be earned more evenly throughout the year, some of this
historical seasonality is expected to be moderated. The foregoing is a forward-looking statement. Such seasonality could be affected by changes
in the levels of sales of the Company's apparel and footwear products, both to its wholesale customers and in its retail stores, and the levels
of sales of the Company's licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company and its
licensees are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in
travel, fashion trends and other factors.

ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is exposed to currency exchange rate risks with respect to certain inventory purchases denominated in Euros. The Company seeks
to protect itself against adverse movements in the exchange rate for the Euro which might affect certain inventory purchases. More detailed
information concerning such market risk can be found under the note entitled "Derivative Instruments and Hedging Activities" in the Notes to
Condensed Consolidated Financial Statements included in this report.

As of  November 2, 2003, there have been no material changes in the Company's market risk relating to interest rates as described under the
caption "Market Risk" in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report
on Form 10-K for the year ended February 2, 2003.

ITEM 4 - CONTROLS AND PROCEDURES

As of November 2, 2003, the Company carried out an evaluation, under the supervision and with the participation of the Company's management,
including the Company's Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company's
disclosure controls and procedures. Based upon that evaluation, the Company's Chief Executive Officer and Chief Financial Officer concluded
that the Company's disclosure controls and procedures were effective as of November 2, 2003. Disclosure controls and procedures are controls
and procedures that are designed to ensure that information required to be disclosed in Company reports filed or submitted under the Securities
Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange
Commission's rules and forms.

There have been no changes in the Company's internal control over financial reporting during the period to which this report relates that
have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.



































-16-





PART II - OTHER INFORMATION

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

|(a) | The following exhibits are included herein:
|--- | -------------------------------------------
|    |                                            
|    | 2.1                                        
|    |                                            
|    | 3.1                                        
|    |                                            
|    | 3.2                                        
|    |                                            
|    | 3.3                                        
|    |                                            
|    | 3.4                                        
|    |                                            
|    | 3.5                                        
|    |                                            
|    | 3.6                                        
|    |                                            
|    | 3.7                                        
|    |                                            
|    | 3.8                                        
|    |                                            
|    | 3.9                                        
|    |                                            
|    | 4.1                                        
|    |                                            
|    | 4.2                                        
|    |                                            











-17-







| | 4.3  | Amendment to the Rights Agreement, dated March 31, 1987 between Phillips-Van Heusen Corporation and The Chase Manhattan Bank,
N.A. (incorporated by reference to Exhibit 4(c) to the Company's Annual Report on Form 10-K for the fiscal year ended February 2,
1987).                                                                                
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.4  | Supplemental Rights Agreement and Second Amendment to the Rights Agreement, dated as of July 30, 1987, between Phillips-Van
Heusen Corporation and The Chase Manhattan Bank, N.A. (incorporated by reference to Exhibit (c)(4) to the Company's Schedule 13E-4, Issuer
Tender Offer Statement, dated July 31, 1987).                                  
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.5  | Third Amendment to Rights Agreement, dated June 30, 1992, from Phillips-Van Heusen Corporation to The Chase Manhattan Bank,
N.A. and The Bank of New York (incorporated by reference to Exhibit 4.5 to the Company's Quarterly Report on Form 10-Q for the period ended
April 30, 2000).                                                              
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.6  | Notice of extension of the Rights Agreement, dated June 5, 1996, from Phillips-Van Heusen Corporation to The Bank of New York
(incorporated by reference to Exhibit 4.13 to the Company's Quarterly Report on Form 10-Q for the period ended April 28, 1996).                                                                                         
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.7  | Fourth Amendment to Rights Agreement, dated April 25, 2000, from Phillips-Van Heusen Corporation to The Bank of New York
(incorporated by reference to Exhibit 4.7 to the Company's Quarterly Report on Form 10-Q for the period ended April 30, 2000).                                                                                               
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.8  | Supplemental Rights Agreement and Fifth Amendment to the Rights Agreement dated February 12, 2003, between Phillips-Van Heusen
Corporation and The Bank of New York (successor to The Chase Manhattan Bank, N.A.), as rights agent (incorporated by reference to Exhibit 4.1
to the Company's Current Report on Form 8-K, filed on February 26, 2003).
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.9  | Indenture, dated as of April 22, 1998, with Phillips-Van Heusen Corporation as issuer and Union Bank of California, N.A., as
Trustee (incorporated by reference to Exhibit 4.7 to the Company's Quarterly Report on Form 10-Q for the period ended May 3, 1998).                                                                                      
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.10 | 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).                                                                                  
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.11 | 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).                                   
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.12 | 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).                                             
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 4.13 | Indenture, dated as of May 5, 2003, between Phillips-Van Heusen Corporation and Suntrust Bank, as Trustee (incorporated by
reference to Exhibit 4.13 to the Company's Quarterly Report on Form 10-Q for the period ended May 4, 2003).                                                                                                                
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 15.  | Acknowledgement of Independent Accountants.                                                                                                                                                                                                                                                                                                           
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 99.1 | Certification Pursuant to Section 906 of the Sarbanes - Oxley Act of 2002, 18 U.S.C. Section 1350.                                                                                                                                                                                                                                                    
| |      |                                                                                                                                                                                                                                                                                                                                                       
| | 99.2 | Certification Pursuant to Section 906 of the Sarbanes - Oxley Act of 2002, 18 U.S.C. Section 1350.                                                                                                                                                                                                                                                    
| |      |                                                                                                                                                                                                                                                                                                                                                       

-18-



|    | 99.3                                                                                                                                                                                                                                                  | Certification Pursuant to Section 302 of the Sarbanes - Oxley Act of 2002.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                       |                                                                           
|    | 99.4                                                                                                                                                                                                                                                  | Certification Pursuant to Section 302 of the Sarbanes - Oxley Act of 2002.
|    |                                                                                                                                                                                                                                                       |                                                                           
|(b) | Reports on Form 8-K filed during the quarter ended November 2, 2003:                                                                                                                                                                                 
|    |                                                                                                                                                                                                                                                      
|    | The Company furnished to the SEC a Current Report on Form 8-K, dated as of August 20, 2003, to disclose the issuance of a press
release by the Company. The purpose of such press release was to announce the Company's 2003 second quarter earnings.
|    |                                                                                                                                                                                                                                                      
|    | The Company filed a Current Report on Form 8-K, dated as of September 24, 2003, to disclose the resignation of a director of
the Company due to other business commitments.                                                                          





















































































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SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

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

Dated: December 15, 2003

| | /s/ Vincent A. Russo         
| | -----------------------------
| | Vincent A. Russo             
| | Vice President and Controller

















































































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