SECURITIES AND EXCHANGE COMMISSION

                        Washington, D.C. 20549

                              Form 10-Q

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

           For the quarterly period ended March 31, 2002


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

                  Commission File Number  1-13082

                   KENNETH COLE PRODUCTIONS, INC.
     (Exact name of registrant as specified in its charter)

          New York                           13-3131650
(State or other jurisdiction of            (I.R.S. Employer
incorporation or organization)             Identification Number)

603 West 50th Street, New York, NY              10019
(Address of principal executive offices)      (Zip Code)

Registrant's telephone number, including area code (212) 265-1500

Indicate by check mark whether the 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 the registrant was required to file such
reports), and (2) has been subject to such filing requirements for
the past 90 days.  Yes (X)   No (  )

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:

         Class                            May 10, 2002

Class A Common Stock ( $.01 par value)     11,196,505
Class B Common Stock ( $.01 par value)      8,450,497

<PAGE>

                   Kenneth Cole Productions, Inc.
                         Index to 10-Q


Part I.  FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)

     Condensed Consolidated Balance Sheets as of March 31, 2002 and
     December 31, 2001....................................................  3

     Condensed Consolidated Statements of Income for the three months
     ended March 31, 2002 and 2001........................................  5

     Condensed Consolidated Statement of Changes in Shareholders' Equity
     for the three months ended March 31, 2002............................  6

     Condensed Consolidated Statements of Cash Flows for the three months
     ended March 31, 2002 and 2001........................................  7

     Notes to Condensed Consolidated Financial Statements.................  8

Item 2.  Management's Discussion and Analysis of Financial Condition  and
         Results of Operations............................................ 13

Item 3.  Quantitative and Qualitative Disclosure about Market Risk........ 16

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings................................................ 16

Item 2.  Changes in Securities and Use of Proceeds........................ 16

Item 3.  Defaults Upon Senior Securities.................................. 16

Item 4.  Submission of Matters to a Vote of Security Holders.............. 16

Item 5.  Other Information................................................ 16

Item 6. Exhibits and Reports on Form 8-K ................................. 16

Signatures................................................................ 17

<PAGE>
<TABLE>
            Kenneth Cole Productions, Inc. and Subsidiaries

               Condensed Consolidated Balance Sheets


Part I.  FINANCIAL INFORMATION
Item 1.  Financial Statements
<CAPTION>
                                                March 31,      December 31,
                                                  2002             2001
                                               (Unaudited)
<S>                                           <C>             <C>
Assets
Current assets:
Cash                                           $ 68,445,000    $ 68,966,000
Due from factor                                  36,568,000      28,289,000
Accounts receivable, net                          2,667,000       6,731,000
Inventories                                      40,262,000      30,753,000
Prepaid expenses and other current assets           506,000         873,000
Deferred taxes                                    2,765,000       2,765,000
                                               ------------    ------------
Total current assets                            151,213,000     138,377,000

Property and equipment - at cost, less
 accumulated depreciation                        40,145,000      40,487,000

Other assets:
 Deposits and deferred taxes                     10,874,000      11,022,000
 Deferred compensation plans assets              12,596,000      12,003,000
                                               ------------    ------------
Total other assets                               23,470,000      23,025,000
                                               ------------    ------------
Total assets                                   $214,828,000    $201,889,000
                                               ============    ============
</TABLE>

   See accompanying notes to condensed consolidated financial statements.

<PAGE>
<TABLE>
            Kenneth Cole Productions, Inc. and Subsidiaries

           Condensed Consolidated Balance Sheets (continued)
<CAPTION>
                                                March 31,      December 31,
                                                  2002             2001
                                               (Unaudited)
<S>                                           <C>             <C>
Liabilities and shareholders' equity
Current liabilities:
Accounts payable                               $ 31,232,000    $ 25,932,000
Accrued expenses and other current liabilities   11,522,000      13,487,000
Income taxes payable                              5,336,000       2,249,000
                                               ------------    ------------
Total current liabilities                        48,090,000      41,668,000

Deferred compensation                            12,596,000      12,003,000
Other                                             7,758,000       7,324,000

Commitments and contingencies

Shareholders' equity:
 Series A Convertible Preferred Stock, par value
  $1.00,1,000,000 shares authorized, none outstanding
 Class A Common Stock, par value $.01, 20,000,000
  shares authorized, 13,675,338 and 13,626,584
  issued in 2002 and 2001                           137,000         136,000
 Class B Common Stock, par value $.01, 9,000,000
  shares authorized, 8,456,097 and 8,498,097
  outstanding in 2002 and 2001                       84,000          85,000
Additional paid-in capital                       61,348,000      61,273,000
Accumulated other comprehensive income              328,000         434,000
Retained earnings                               141,620,000     136,099,000
                                               ------------    ------------
                                                203,517,000     198,027,000
Class A Common Stock in treasury, at cost,
2,488,400 shares in 2002 and 2001               (57,133,000)    (57,133,000)
                                               ------------    ------------
Total shareholders' equity                      146,384,000     140,894,000
                                               ------------    ------------
Total liabilities and shareholders' equity     $214,828,000    $201,889,000
                                               ============    ============
</TABLE>
       See accompanying notes to consolidated financial statements.
<PAGE>

<TABLE>
           Kenneth Cole Productions, Inc. and Subsidiaries

            Condensed Consolidated Statements of Income
                             (Unaudited)

<CAPTION>
                                                    Three Months Ended
                                                        March 31,
                                                   2002            2001
<S>                                             <C>           <C>
Net sales                                        $ 87,290,000  $ 92,298,000
Royalty revenue                                     5,621,000     5,124,000
                                                 ------------  ------------
Net revenue                                        92,911,000    97,422,000
Cost of goods sold                                 49,147,000    53,434,000
                                                 ------------  ------------
Gross profit                                       43,764,000    43,988,000

Selling, general and administrative expenses       35,267,000    37,536,000
                                                 ------------  ------------
Operating income                                    8,497,000     6,452,000

Interest and other income, net                        267,000     1,013,000
                                                 ------------  ------------
Income before provision for income taxes            8,764,000     7,465,000

Provision for income taxes                          3,243,000     2,911,000
                                                 ------------  ------------
Net income                                       $  5,521,000  $  4,554,000
                                                 ============  ============

Earnings per share:
     Basic                                               $.28          $.22
     Diluted                                             $.27          $.21
Shares used to compute earnings per share:
     Basic                                         19,641,000    20,453,000
     Diluted                                       20,403,000    21,540,000
</TABLE>

     See accompanying notes to consolidated financial statements.

<PAGE>
<TABLE>
       Kenneth Cole Productions, Inc. and Subsidiaries

Condensed Consolidated Statement of Changes in Shareholders' Equity
                           (Unaudited)
<CAPTION>
                             Class A                 Class B
                          Common Stock            Common Stock
                        Number                   Number
                       of shares     Amount     of shares    Amount
<S>                    <C>         <C>         <C>         <C>
Shareholders' equity
 January 1, 2002        13,626,584  $136,000    8,498,097   $85,000

Net income

Translation adjustments
 foreign currency
 forward contracts

Comprehensive income

Exercise of stock
 options, including
 tax benefit                 1,500

Issuance of Class A
 Common Stock                5,254

Purchase of Class A
 Common Stock

Conversion of Class B
 to Class A shares          42,000     1,000      (42,000)   (1,000)
                        --------------------------------------------
Shareholders' equity
 March 31, 2002         13,675,338  $137,000    8,456,097   $84,000
                        ============================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                      Accumulated
                        Additional       Other
                         Paid-in     Comprehensive    Retained
                         Capital        Income        Earnings
<S>                    <C>           <C>           <C>
Shareholders' equity
 January 1, 2002        $61,273,000   $ 434,000     $136,099,000

Net income                                             5,521,000

Translation adjustments
 foreign currency                       (44,000)
 forward contracts                      (62,000)

Comprehensive income

Exercise of stock
 options, including
 tax benefit                 19,000

Issuance of Class A
 Common Stock                56,000

Purchase of Class A
 Common Stock

Conversion of Class B
 to Class A shares
                        ----------------------------------------
Shareholders' equity
 March 31, 2002         $61,348,000   $ 328,000     $141,620,000
                        ========================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              Treasury Stock
                           Number of
                            Shares       Amount           Total
<S>                      <C>          <C>            <C>
Shareholders' equity
 January 1, 2002          (2,488,400)  $(57,133,000)  $140,894,000

Net income                                               5,521,000

Translation adjustments
 foreign currency                                          (44,000)
 forward contracts                                         (62,000)
                                                      -------------
Comprehensive income                                     5,415,000

Exercise of stock
 options, including
 tax benefit                                                19,000

Issuance of Class A
 Common Stock                                               56,000

Purchase of Class A
 Common Stock

Conversion of Class B
 to Class A shares
                          -----------------------------------------
Shareholders' equity
 March 31, 2002           (2,488,400)  $(57,133,000)  $146,384,000
                          =========================================
</TABLE>

See accompanying notes to condensed consolidated financial statements.
<PAGE>
<TABLE>
            Kenneth Cole Productions, Inc. and Subsidiaries

	     Condensed Consolidated Statements of Cash Flows
                             (Unaudited)
<CAPTION>

                                                          Three Months Ended
                                                               March 31,
                                                        2002         2001
<S>                                                   <C>          <C>
Cash flows from operating activities
Net income                                             $ 5,521,000  $ 4,554,000
Adjustments to reconcile net income to net cash
 provided by(used in) operating activities:
 Depreciation                                            1,831,000    1,665,000
 Unrealized loss on deferred compensation                  409,000      113,000
 Realized gain on marketable securities                                (133,000)
 Provision for bad debts                                    89,000      110,000
 Changes in assets and liabilities:
  Increase in due from factors                          (8,279,000) (12,308,000)
  Decrease in accounts receivable                        3,975,000    3,207,000
  Increase in inventories                               (9,571,000)  (6,779,000)
  Decrease in prepaid expenses & other current assets      367,000      450,000
  Increase in other assets                                (854,000)  (2,299,000)
  Increase (decrease) in accounts payable                5,300,000   (1,654,000)
  Increase in income taxes payable                       3,092,000       92,000
  Decrease in accrued expenses and
   other current liabilities                            (1,970,000)  (2,372,000)
  Increase in other non-current liabilities              1,083,000    3,081,000
                                                       -----------  -----------
Net cash provided by (used in) operating activities        993,000  (12,273,000)
Cash flows from investing activities
Acquisition of property and equipment, net              (1,489,000)  (3,219,000)
Proceeds from sale of marketable securities                           1,624,000
                                                       -----------  -----------
Net cash used in investing activities                   (1,489,000)  (1,595,000)
Cash flows from financing activities
Proceeds from exercise of stock options                     14,000       92,000
Proceeds from issuance of common stock                      56,000       95,000
Purchases of treasury stock                                         (15,960,000)
Principal payments on capital lease obligations            (51,000)     (45,000)
                                                       -----------  -----------
Net cash provided by (used in) financing activities         19,000  (15,818,000)
Effect of exchange rate changes on cash                    (44,000)       5,000
                                                       -----------  -----------
Net decrease in cash                                      (521,000) (29,681,000)
Cash, beginning of period                               68,966,000   74,608,000
                                                       -----------  -----------
Cash, end of period                                    $68,445,000  $44,927,000
                                                       ===========  ===========
Supplemental disclosures of cash flow information
Cash paid during the period for:
  Interest                                             $     8,000  $    27,000
  Income taxes                                         $   495,000  $ 2,627,000
</TABLE>

 See accompanying notes to condensed consolidated financial statements.
<PAGE>

Kenneth Cole Productions, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements
(Unaudited)

1.  Basis of Presentation

The accompanying unaudited consolidated financial statements
have been prepared by Kenneth Cole Productions, Inc. (the "Company")
in accordance with generally accepted accounting principles in the
United States for interim financial information.  Accordingly, they
do not include all of the information and footnotes required by
generally accepted accounting principles in the United States for
complete financial statements.  Certain items contained in these
financial statements are based on estimates.  In the opinion of
management, the accompanying unaudited financial statements reflect
all adjustments, consisting of only normal and recurring adjustments,
necessary for a fair presentation of the financial position and
results of operations and cash flows for the periods presented.  All
significant intercompany transactions have been eliminated.

Operating results for the three months ended March 31, 2002 are
not necessarily indicative of the results that may be expected for
the year ended December 31, 2002.  These unaudited financial
statements should be read in conjunction with the financial
statements and footnotes included in the Company's annual report on
Form 10-K for the year ended December 31, 2001.

The consolidated balance sheet at December 31, 2001, as
presented, was derived from the audited financial statements as of
December 31, 2001 included in the Company's annual report on Form 10-
K.

2.  Comprehensive Income

Comprehensive income is comprised of net income, the effect of
foreign currency translation and changes in unrealized gains and
losses on forward exchange contracts used to hedge merchandise
commitments.  Comprehensive income amounted to $5,415,000 and
$4,430,000 for the three month periods ended March 31, 2002 and 2001,
respectively.

3.  Derivative Instruments and Hedging Activities

	The Company, in the normal course of business, routinely enters
into forward exchange contracts in anticipation of future purchases
of inventory denominated in foreign currencies.  These forward
exchange contracts are used to hedge against the Company's exposure
to changes in foreign exchange rates to protect the purchase price of
merchandise under such commitments and are not held for the purpose
of trading of speculation, therefore the Company has classified these
contracts as cash flow hedges.  The Company had outstanding forward
exchange contracts of $5,500,000 at March 31, 2002 with maturity
dates through June 2002.


3.  Derivative Instruments and Hedging Activities (continued)

           No components of the Company's contracts are excluded in
the measurement of the related hedge effectiveness.  The critical
terms of the foreign exchange contracts are the same as the
underlying forecasted transactions; therefore changes in the fair
value of the contracts should be highly effective in offsetting
changes in the expected cash flows from the forecasted transactions.
No gains or losses related to ineffectiveness of cash flow hedges
were recognized in earnings during the period ended March 31, 2002.
At March 31, 2002 the Company's notional $5,500,000 in forward
exchange contracts resulted in an unrealized loss of approximately
$12,000, net of taxes, which was included as an addition to other
comprehensive income in the Company's Statement of Changes in
Shareholders' Equity and a decrease to inventory, the underlying
exposure on the balance sheet.  The Company expects to reclassify all
of the unrealized loss from other comprehensive income into earnings
within the next four month period due to the actual executions of
foreign exchange contracts to purchase merchandise.

4.  Earnings Per Share

	The following is an analysis of the differences between basic
and diluted earnings per common share in accordance with Statement of
Financial Accounting Standards No. 128, "Earnings Per Share".

<TABLE>
<CAPTION>
                                 March 31,      March 31,
                                   2002           2001
  <S>                           <C>           <C>
   Weighted average common
    shares outstanding           19,641,000    20,453,000
   Effect of dilutive securities:
    Stock options                   762,000     1,087,000
   Weighted average common
    shares outstanding and       ----------    ----------
    common share equivalents     20,403,000    21,540,000
                                 ==========    ==========
</TABLE>


5.  Segment Information

           The Company has three reportable segments: Wholesale,
Consumer Direct and Licensing/International.  The Company's
reportable segments are business units that offer different products
and services or similar products through different channels of
distribution. The Wholesale segment is comprised of designing,
sourcing and marketing a broad range of quality footwear and handbags
for wholesale distribution. The Consumer Direct segment markets the
broad selection of the Company's branded products, including licensee
products, for sale directly to the consumer through its own channels
of distribution, which include full price retail stores, outlet
stores, e-commerce (at website addresses www.kennethcole.com and
www.reactiononline.com) and catalogs. The Licensing/International
segment primarily consists of earning royalties on third party
licensee sales of branded products.  The Company maintains control
over quality and image and allows licensees to sell primarily to the
same channels of distribution as those of the Company's wholesale
division.  The Company earns royalties on the licensee's sales of
branded product.  The Company evaluates performance and allocates
resources based on profit or loss from each segment.  The Wholesale
segment is evaluated on income from operations before income taxes.
The Consumer Direct segment is evaluated on profit or loss from
operations before unallocated corporate overhead and income taxes.
The Licensing/International segment is evaluated based on royalties
earned and pretax segment profit.   Intersegment sales between the
Wholesale and Consumer Direct segment include a markup, which is
eliminated in consolidation.



5.  Segment Information (continued)
Financial information of the Company's reportable segments is as
follows (in thousands):

<TABLE>
<CAPTION>
                                             Three Months Ended
                                               March 31, 2002
                                            Consumer  Licensing/
                                  Wholesale  Direct  International   Totals
<S>                               <C>       <C>        <C>        <C>
Revenues from external customers   $ 53,686  $ 33,437   $ 5,788    $ 92,911
Intersegment revenues                 7,842                           7,842
Segment income before elimination of
 intersegment profit, unallocated
 corporate overhead and income taxes  7,997       169     3,794      11,960
Segment assets                      158,683    56,661     1,414     216,758


                                             Three Months Ended
                                               March 31, 2001
                                            Consumer  Licensing/
                                  Wholesale  Direct  International   Totals
<S>                               <C>       <C>        <C>        <C>
Revenues from external customers   $ 55,365  $ 36,579   $ 5,478    $ 97,422
Intersegment revenues                 8,531                           8,531
Segment income before elimination of
 intersegment profit, unallocated
 corporate overhead and income taxes  7,410       763     3,656      11,829
Segment assets                      141,071    58,444     2,578     202,093

</TABLE>
The reconciliation of the Company's reportable segment revenues,
profit and loss, and assets are as follows (in thousands):
<TABLE>
<CAPTION>
                                                Three Months Ended

                                          March 31, 2002   March 31, 2001
<S>                                       <C>              <C>
Revenues
Revenues for external customers            $ 92,911         $ 97,422
Intersegment revenues                         7,842            8,531
Elimination of intersegment revenues         (7,842)          (8,531)
                                           --------         --------
  Total consolidated revenues              $ 92,911         $ 97,422
                                           ========         ========
Income
Total profit for reportable segments       $ 11,960         $ 11,829
Elimination of intersegment profit and
 unallocated corporate overhead              (3,196)          (4,364)
                                           --------         --------
  Total income before income taxes         $  8,764         $  7,465
                                           ========         ========
Assets
Total assets for reportable segments       $216,758         $202,093
Elimination of inventory profit in
 consolidation                               (1,930)          (1,964)
                                           --------         --------
  Total consolidated assets                $214,828         $200,129
                                           ========         ========
</TABLE>

Revenues from international customers represent less than two percent
of the Company's consolidated revenues.

6.  New Accounting Pronouncements

	In April 2001, the Financial Accounting Standards Board's
Emerging Issues Task Force ("EITF") reached a consensus on Issue No.
00-25, "Vendor Income Statement Characterization of Consideration
Paid to a Reseller of the Vendor's Products."  This issue addresses
the recognition, measurement and income statement classification of
consideration from a vendor to a customer in connection with the
customer's purchase or promotion of the vendor's products.  The
Company's adoption of the EITF Issue No. 00-25 on January 1, 2002
impacted net revenue and expense classifications by approximately $
378,000 and $232,000 for the three months ended March 31, 2002 and
2001, respectively, and did not change net income.  Prior periods
have been reclassified accordingly.

	In June 2001, the Financial Accounting Standards Board issued
Statements of Financial Accounting Standards No. 141, Business
Combinations, and No. 142, "Goodwill and Other Intangible Assets",
effective for fiscal years beginning after December 15, 2001.  Under
the new guidelines, goodwill and intangible assets deemed to have
indefinite lives will no longer be amortized, but will be subject to
annual impairment tests in accordance with these Statements.  Other
intangible assets will continue to be amortized over their useful
lives.  The Company began applying these pronouncements on January 1,
2002, which had no impact on net income.

	In October 2001, the Financial Accounting Standards Board issued
SFAS No. 144, "Accounting for Impairment or Disposal of Long-Lived
Assets."  SFAS No. 144 addresses financial accounting and reporting
for the impairment or disposal of long-lived assets.  The Statement
also extends the reporting requirements to report separately as
discontinued operations, components of an entity that have either
been disposed of or classified as held for sale.  The Company has
adopted the provisions of SFAS No. 144 effective January 1, 2002 and
such adoption had no impact on net income.

7.  Reclassifications

	Certain amounts included in the Company's 2001 financial
statements have been reclassified to conform with the March 31, 2002
presentation.

8.  Other

	The Company, from time to time, is a party to litigation that
arises in the normal course of its business operations.  The Company
presently is not a party to any such litigation that would have a
material adverse effect on its business operations.

Item 2. 	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS

Forward Looking - Statements Disclosure

The statements contained in this report which are not historical
facts including, without limitation, statements that relate to future
performance and/or statements regarding the Company's anticipated
results or level of business for 2002 or any other future period, may
be deemed to constitute "forward looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements are based on current expectations only, and actual
future results might differ materially from those projected in such
statements due to a number of risks and uncertainties, including but
not limited to, demand and competition for the Company's products,
the ability to enter into new product license agreements, changes in
consumer preferences or fashion trends, delays in anticipated store
openings, dependence on certain large customers and changes in the
Company's relationships with vendors and other resources.  The
forward-looking statements contained herein are also subject to other
risks and uncertainties that are described in the Company's reports
and registration statements filed with the Securities and Exchange
Commission.  The Company undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future results or otherwise.


Results of Operations

The following table sets forth the Company's condensed
consolidated statements of income in thousands of dollars and as a
percentage of net revenue for the three months ended March 31, 2002
and March 31, 2001.
<TABLE>
<CAPTION>
                                                  Three Months Ended
                                             March 31, 2002    March 31, 2001
<S>                                        <C>       <C>      <C>      <C>
Net sales                                   $87,290    94.0%   $92,298   94.7%
Royalty  revenue                              5,621     6.0      5,124    5.3
                                            -------   ------   -------  ------
Net revenue                                  92,911   100.0     97,422  100.0

Gross profit                                 43,764    47.1     43,988   45.2
Selling, general
 & administrative expenses                   35,267    38.0     37,536   38.5
                                            -------   ------   -------  ------
Operating income                              8,497     9.1      6,452    6.7

Interest and other income, net                  267     0.3      1,013    1.0
                                            -------   ------   -------  ------
Income before income taxes                    8,764     9.4      7,465    7.7

Income tax expense                            3,243     3.5      2,911    3.0
                                            -------   ------   -------  ------
Net income                                    5,521     5.9      4,554    4.7
                                            =======   ======   =======  ======
</TABLE>
Three Months Ended March 31, 2002 Compared to Three Months Ended
March  31 ,2001

Consolidated net revenues decreased $4.5 million, or 4.6% to
$92.9 million for the three months ended March 31, 2002 from $97.4
million for the three months ended March 31, 2001.  This decrease is
attributable primarily to the factors described below in the sections
entitled "Net Sales" and "Licensing Revenue".

NET SALES: Wholesale net sales (excluding sales to its Consumer
Direct business segment) decreased $1.7 million, or 3.0% to $53.7
million for the three months ended March 31, 2002 from $55.4 million
for the three months ended March 31, 2001.  This decrease is
primarily attributable to a decrease in sales from Kenneth Cole
branded footwear, which faced increased consumer willingness to
forego purchases at regular retail prices as consumers instead looked
for promotions.  This decrease is partially offset by increases in
sales of Reaction Kenneth Cole and Unlisted footwear.

Net sales in the Company's Consumer Direct segment decreased
$3.1 million or 8.6% to $33.4 million for the three months ended
March 31, 2002, from $36.6 million for the three months ended March
31, 2001.  The decrease in net sales is due to a decline in
comparable store sales of 16.4%, or $5.4 million partially offset by
net sales of $3.3 million in new stores opened 2002 and that portion
of 2002 sales for stores not open for all of 2001.  The decrease is
due to the effects of a promotionally driven and highly competitive
retail store environment and less consumer spending due to current
economic conditions.  Revenues from the Consumer Direct segment as a
percentage of net revenue decreased to 36.0% for the three months
ended March 31, 2002 from 37.5% for the three months ended March 31,
2001.

LICENSING REVENUE: Royalty revenue increased 9.7% to $5.6
million for the three months ended March 31, 2002 from $5.1 million
for the three months ended March 31, 2001.  The increase primarily
reflects incremental revenues from existing licensees with
the most significant increases in women's apparel and watches.  In
addition, the Company's licensee for Latin America opened several
stores in Central and South America, expanding the Kenneth Cole brand
in these markets.

GROSS PROFIT: Consolidated gross profit as a percentage of net
revenue increased to 47.1% for the three months ended March 31, 2002
from 45.2% for the comparable period last year.  The increase is
primarily due to higher margins in the Company's Wholesale segment.
The gross profit for the Wholesale segment increased significantly as
a result of well managed inventories, which lead to fewer markdowns
and closeouts.  In addition, revenue from the Company's
Licensing/International segment, which has nominal associated cost of
goods sold, increased as a percentage of net revenues to 6.2% for the
three months ended March 31, 2002 from 5.6% for the three months
ended March 31, 2001.  The Company's Consumer Direct gross profit
percentage improved slightly to the comparable period last year and
represented 53.2% of net revenues for the three months ended March
31, 2002 compared to 53.4% for the three months ended March 31, 2001.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES: Selling, general
and administrative expenses, including shipping and warehousing,
decreased 6.0% to $35.3 million (or 38.0% of net revenue) for the
three months ended March 31, 2002 from $37.5 million (or 38.5% of net
revenue) for the three months ended March 31, 2001.  This decrease as
a percentage of revenue is attributable to the Company's heightened
focus on its cost-reduction program in response to the challenging
economic environment.

INTEREST AND OTHER INCOME:  Interest and other income, net
decreased to $0.3 million for the three months ended March 31, 2002
from $1.0 million for the three months ended March 31, 2001.  The
decrease is due to significant declines in short term interest rates.

INCOME TAXES: The Company's effective tax rate has decreased to
37.0% for the three months ended March 31, 2002 from 39.0% for the
three months ended March 31, 2002.  The decrease is due to the
relative level of earnings in the various state and local taxing
jurisdictions in which the Company conducts business.

NET INCOME:  As a result of the foregoing, net income increased
21.2% for the three months ended March 31, 2002 to $5.5 million (5.9%
of net revenue) from $4.6 million (4.7% of net revenue) for the three
months ended March 31, 2001.

Liquidity and Capital Resources

The Company uses cash from operations as the primary sources of
financing for its expansion and seasonal requirements.  Cash
requirements vary from time to time as a result of the timing of
merchandise receipts from suppliers, the delivery of merchandise to
its customers, and the level of accounts receivable and due from
factor balances.  At March 31, 2002 and December 31, 2001, working
capital was $103.1 million and $96.7 million, respectively.

Cash provided by operating activities was $1.0 million for the
three months ended March 31, 2002, compared to cash used in operating
activities of $12.3 million for the three months ended March 31,
2001.   The increase in cash flows provided by operating activities
is primarily attributable to the timing of payables and remittances.

Net cash used in investing activities decreased to $1.5 million
for the three months ended March 31, 2002 from $1.6 million for the
three months ended March 31, 2001. Capital expenditures totaled
approximately $1.5 million and $3.2 million for the three months
ended March 31, 2002 and 2001, respectively.  Capital expenditures
relate primarily to the Company's retail and outlet store expansion,
and corporate office renovation.  The net cash used for capital
expenditures in 2001 was reduced by $1.6 million of proceeds
from the sale of marketable securities.

Net cash provided by financing activities was $19,000 for the
three months ended March 31, 2002 compared to net cash used in
financing activities of $15.8 million for the three months ended
March 31, 2001.  This is primarily attributable to the Company not
repurchasing shares under its buyback program during the first
quarter of 2002 compared to the Company's purchase of 606,700 shares
of Class A Common Stock purchased during the first quarter of 2001 at
an average price of $26.31 per share.

The Company currently has a line of credit, which allows for
borrowings and letters of credit up to a maximum of $25 million to
finance working capital requirements.  The Company has no outstanding
advances under this line of credit; however, amounts available under
the line were reduced by $0.7 million in open letters of credit and
$2.5 million standby letters of credit to $21.8 million at March 31,
2002.

During 2000, the Company relocated its corporate headquarters to
a larger location in New York City.  The Company completed
renovations incurring approximately $12.0 million in capital
expenditures and expects to incur an additional $6.0 million over the
next two years upon turnover of additional space.

The Company believes that it will be able to satisfy its cash
requirements for the next year, including requirements for its retail
store expansion, corporate office build-out, and enhancements to its
information systems, primarily with cash flow from operations, and
current cash levels.


Item 3.  Quantitative and Qualitative Disclosures About Market Risk

The Company does not believe it has a material exposure to
market risk.  The Company is primarily exposed to currency exchange
rate risks with respect to its inventory transactions denominated in
Euros.  Business activities in various currencies expose the Company
to the risk that the eventual net dollar cash flows from transactions
with foreign suppliers denominated in foreign currencies may be
adversely affected by changes in currency rates.  The Company manages
these risks by utilizing foreign exchange forward contracts to hedge
its costs on future purchases.  The Company does not enter into
foreign currency transactions for speculative purposes.  At March 31,
2002, the Company had forward exchange contracts totaling $5.5
million with an unrealized loss of approximately $12,000 net of
taxes.  The Company's earnings may also be affected by changes in
short-term interest rates as a result of borrowings under its line of
credit facility.  At the Company's borrowing levels, a two percent
increase in interest rates affecting the Company's credit facility
would not have a material effect on the Company's year-to-date and
projected 2002 and actual 2001 net income.

Part II - OTHER INFORMATION

Item 1.  Legal Proceedings.  None

Item 2.  Changes in Securities and Use of Proceeds.  None

Item 3.  Defaults Upon Senior Securities.  None

Item 4.  Submission of Matters to a Vote of Security Holders.  None

Item 5.  Other Information.  None

Item 6.  Exhibits and Reports on Form 8-K.  None

<PAGE>


                              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.


                                      Kenneth Cole Productions, Inc.
                                               Registrant




May 14, 2002                          /s/ STANLEY A. MAYER
                                      Stanley A. Mayer
                                      Executive Vice President and
                                      Chief Financial Officer