FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Apr. 29, 2012

10. Fair Value Measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:

	April 29, 2012							January 29, 2012							May 1, 2011
	Level 1	Level 2		Level 3		Total		Level 1	Level 2		Level 3		Total		Level 1	Level 2		Level 3	Total
Assets:
Foreign currency forward exchange contracts	N/A	$	9,616	N/A		$	9,616	N/A	$	13,581	N/A		$	13,581	N/A	$	1,813	N/A	$	1,813
Interest rate contracts	N/A	133		N/A		133		N/A	211		N/A		211		N/A	N/A		N/A	N/A
Total Assets	N/A	$	9,749	N/A		$	9,749	N/A	$	13,792	N/A		$	13,792	N/A	$	1,813	N/A	$	1,813
Liabilities:
Foreign currency forward exchange contracts	N/A	$	3,155	N/A		$	3,155	N/A	$	2,855	N/A		$	2,855	N/A	$	42,637	N/A	$	42,637
Interest rate contracts	N/A	6,865		N/A		6,865		N/A	7,907		N/A		7,907		N/A	N/A		N/A	N/A
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India	N/A	N/A		9,859		9,859		N/A	N/A		$	9,559	9,559		N/A	N/A		N/A	N/A
Total Liabilities	N/A	$	10,020	$	9,859	$	19,879	N/A	$	10,762	$	9,559	$	20,321	N/A	$	42,637	N/A	$	42,637

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table presents the change in the Level 3 contingent purchase price payment liability for the thirteen weeks ended April 29, 2012:                

Balance as of January 29, 2012	$	9,559
Payments	—
Adjustments included in earnings	300
Balance as of April 29, 2012	$	9,859

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]

Additional information with respect to assumptions used to value the contingent purchase price payment liability follows:

Unobservable Inputs	Amount
Approximate compounded annual net sales growth rate	36.0	%
Approximate discount rate	20.0	%

A five percentage point decrease in the discount rate would increase the liability by approximately $2,000, while a five percentage point increase in the discount rate would decrease the liability by approximately $1,500.

A five percentage point increase or decrease in the compounded annual net sales growth rate would change the liability by approximately $1,000.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of April 29, 2012 and May 1, 2011 were as follows:

	4/29/12				5/1/11
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	238,612	$	238,612	$	294,958	$	294,958
Short-term borrowings	107,393		107,393		12,277		12,277
Long-term debt (including portion classified as current)	1,874,339		1,948,152		2,254,489		2,313,926

The fair values of cash and cash equivalents and short-term borrowings approximate their carrying values due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable quarter. The Company classifies the measurement of its long-term debt as a Level 1 measurement.