10-Q

UNITED STATES

SECURITIES AND 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	August 4, 2013

OR

o 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

PVH CORP.

(Exact name of registrant as specified in its charter)

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

(212) 381-3500

(Registrant’s telephone number, including area code)

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 o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  x     Accelerated filer  o     Non-accelerated filer  o     Smaller reporting company  o

(do not check if a smaller

reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

The number of outstanding shares of common stock, par value $1.00 per share, of the registrant as of September 3, 2013 was 81,572,863.

PVH CORP.

INDEX

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this Quarterly Report on Form 10-Q including, without limitation, statements relating to our future revenue and cash flows, 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) our plans, strategies, objectives, expectations and intentions are subject to change at any time at our discretion; (ii) in connection with the acquisition of The Warnaco Group, Inc. (“Warnaco”), we borrowed significant amounts, may be considered to be highly leveraged, and will have to use a significant portion of our cash flows to service such indebtedness, as a result of which we might not have sufficient funds to operate our businesses in the manner we intend or have operated in the past; (iii) the levels of sales of our apparel, footwear and related products, both to our wholesale customers and in our retail stores, the levels of sales of our licensees at wholesale and retail, and the extent of discounts and promotional pricing in which we and our licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, repositionings of brands by our licensors and other factors; (iv) our plans and results of operations will be affected by our ability to manage our growth and inventory, including our ability to realize benefits from Warnaco; (v) our operations and results could be affected by quota restrictions and the imposition of safeguard controls (which, among other things, could limit our ability to produce products in cost-effective countries that have the labor and technical expertise needed), the availability and cost of raw materials, our ability to adjust timely to changes in trade regulations and the migration and development of manufacturers (which can affect where our products can best be produced), changes in available factory and shipping capacity, wage and shipping cost escalation, and civil conflict, war or terrorist acts, the threat of any of the foregoing, or political and labor instability in any of the countries where our or our licensees’ or other business partners’ products are sold, produced or are planned to be sold or produced; (vi) 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, as well as reduced consumer traffic and purchasing, as consumers become ill or limit or cease shopping in order to avoid exposure; (vii) acquisitions and issues arising with acquisitions and proposed transactions, including, without limitation, the ability to integrate an acquired entity, such as Warnaco, into us with no substantial adverse effect on the acquired entity’s or our existing operations, employee relationships, vendor relationships, customer relationships or financial performance; (viii) the failure of our licensees to market successfully licensed products or to preserve the value of our brands, or their misuse of our brands; and (ix) other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission.

We do not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding

revenue or cash flows, whether as a result of the receipt of new information, future events or otherwise.

PART I -- FINANCIAL INFORMATION

Item 1 - Financial Statements

Consolidated Income Statements for the Thirteen and Twenty-Six Weeks Ended August 4, 2013 and July 29, 2012	1
Consolidated Statements of Comprehensive (Loss) Income for the Thirteen and Twenty-Six Weeks Ended August 4, 2013 and July 29, 2012	2
Consolidated Balance Sheets as of August 4, 2013, February 3, 2013 and July 29, 2012	3
Consolidated Statements of Cash Flows for the Twenty-Six Weeks Ended August 4, 2013 and July 29, 2012	4
Notes to Consolidated Financial Statements	5
Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations	33
Item 3 - Quantitative and Qualitative Disclosures About Market Risk	45
Item 4 - Controls and Procedures	45

PART II -- OTHER INFORMATION

Item 1 - Legal Proceedings	46
Item 1A - Risk Factors	46
Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds	46
Item 6 - Exhibits	47
Signatures	50

PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

PVH Corp.

Consolidated Income Statements

Unaudited

(In thousands, except per share data)

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	August 4,			July 29,			August 4,			July 29,
	2013			2012			2013			2012
Net sales	$	1,884,439		$	1,219,620		$	3,707,484		$	2,532,469
Royalty revenue	62,561			82,513			129,628			167,973
Advertising and other revenue	17,847			34,490			37,895			63,587
Total revenue	1,964,847			1,336,623			3,875,007			2,764,029
Cost of goods sold	938,759			593,962			1,897,058			1,264,539
Gross profit	1,026,088			742,661			1,977,949			1,499,490
Selling, general and administrative expenses	953,468			589,333			1,860,476			1,192,004
Debt modification and extinguishment costs	—			—			40,395			—
Equity in income (loss) of unconsolidated affiliates, net	813			(74		)	3,140			1,850
Income before interest and taxes	73,433			153,254			80,218			309,336
Interest expense	49,495			28,552			97,439			58,069
Interest income	2,116			197			4,111			470
Income (loss) before taxes	26,054			124,899			(13,110		)	251,737
Income tax expense	41,963			34,981			22,812			66,343
Net (loss) income	$	(15,909	)	$	89,918		$	(35,922	)	$	185,394
Less: Net income attributable to redeemable non-controlling interest	87			—			126			—
Net (loss) income attributable to PVH Corp.	$	(15,996	)	$	89,918		$	(36,048	)	$	185,394
Basic net (loss) income per common share attributable to PVH Corp.	$	(0.20	)	$	1.24		$	(0.45	)	$	2.57
Diluted net (loss) income per common share attributable to PVH Corp.	$	(0.20	)	$	1.22		$	(0.45	)	$	2.52
Dividends declared per common share	$	0.0375		$	0.0000		$	0.1125		$	0.0750

See accompanying notes.

1

PVH Corp.

Consolidated Statements of Comprehensive (Loss) Income

Unaudited

(In thousands)

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	August 4,			July 29,			August 4,			July 29,
	2013			2012			2013			2012
Net (loss) income	$	(15,909	)	$	89,918		$	(35,922	)	$	185,394
Other comprehensive (loss) income:
Foreign currency translation adjustments, net of tax expense (benefit) of $107; $(690); $(330) and $(453)	(45,713		)	(150,188		)	(150,770		)	(133,187		)
Amortization of prior service credit related to pension and postretirement plans, net of tax (benefit) of $(84); $(84); $(168) and $(168)	(135		)	(135		)	(271		)	(271		)
Net unrealized and realized gain on effective hedges, net of tax expense (benefit) of $482; $(625); $(754) and $364	1,656			6,346			9,514			2,099
Comprehensive (loss) income	(60,101		)	(54,059		)	(177,449		)	54,035
Less: Comprehensive loss attributable to redeemable non-controlling interest	(1,771		)	—			(1,625		)	—
Total comprehensive (loss) income attributable to PVH Corp.	$	(58,330	)	$	(54,059	)	$	(175,824	)	$	54,035

See accompanying notes.

2

PVH Corp.

Consolidated Balance Sheets

(In thousands, except share and per share data)

	August 4,			February 3,			July 29,
	2013			2013			2012
	UNAUDITED			AUDITED			UNAUDITED
ASSETS
Current Assets:
Cash and cash equivalents	$	628,920		$	892,209		$	261,986
Trade receivables, net of allowances for doubtful accounts of $22,121, $16,114 and $13,955	712,057			418,251			411,381
Other receivables	44,212			23,073			14,284
Inventories, net	1,348,598			878,415			909,447
Prepaid expenses	233,659			157,802			117,826
Other, including deferred taxes of $88,189, $38,310 and $53,150	113,199			67,256			105,014
Total Current Assets	3,080,645			2,437,006			1,819,938
Property, Plant and Equipment, net	693,857			561,335			484,443
Goodwill	3,368,002			1,958,887			1,777,724
Tradenames	2,975,764			2,413,809			2,332,811
Perpetual License Rights	206,336			—			—
Other Intangibles, net	850,218			167,196			150,932
Other Assets, including deferred taxes of $114,320, $61,465 and $5,315	339,924			243,316			165,640
Total Assets	$	11,514,746		$	7,781,549		$	6,731,488
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	552,221		$	377,231		$	372,531
Accrued expenses, including deferred taxes of $3,329, $0 and $0	755,326			646,130			554,078
Deferred revenue	29,208			40,239			41,972
Short-term borrowings	3,447			10,847			52,791
Current portion of long-term debt	85,000			88,000			88,021
Total Current Liabilities	1,425,202			1,162,447			1,109,393
Long-Term Debt	4,195,151			2,211,642			1,715,464
Other Liabilities, including deferred taxes of $1,126,386, $589,796 and $501,858	1,841,033			1,154,891			1,125,803
Redeemable Non-Controlling Interest	5,600			—			—
Stockholders’ Equity:
Preferred stock, par value $100 per share; 150,000 total shares authorized	—			—			—
Series A convertible preferred stock, par value $100 per share; 0, 8,000 and 8,000 total shares authorized; 0, 0 and 4,000 shares issued and outstanding (with total liquidation preference of $0, $0 and $100,000)	—			—			94,298
Common stock, par value $1 per share; 240,000,000 shares authorized; 82,052,537; 73,324,491 and 70,951,932 shares issued	82,053			73,324			70,952
Additional paid in capital - common stock	2,623,659			1,623,693			1,500,032
Retained earnings	1,398,797			1,445,673			1,202,722
Accumulated other comprehensive income (loss)	106			139,882			(57,524		)
Less: 478,934; 413,596 and 409,440 shares of common stock held in treasury, at cost	(56,855		)	(30,003		)	(29,652		)
Total Stockholders’ Equity	4,047,760			3,252,569			2,780,828
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	11,514,746		$	7,781,549		$	6,731,488

See accompanying notes.

3

PVH Corp.

Consolidated Statements of Cash Flows

Unaudited

(In thousands)

	Twenty-Six Weeks Ended
	August 4,			July 29,
	2013			2012
OPERATING ACTIVITIES
Net (loss) income	$	(35,922	)	$	185,394
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization	205,348			67,792
Equity in income of unconsolidated affiliates, net	(3,140		)	(1,850		)
Deferred taxes	(23,697		)	15,906
Stock-based compensation expense	34,478			18,891
Debt modification and extinguishment costs	40,395			—
Changes in operating assets and liabilities:
Trade receivables, net	(14,276		)	46,095
Inventories, net	(34,010		)	(117,028		)
Accounts payable, accrued expenses and deferred revenue	(145,871		)	39,893
Prepaid expenses	(28,923		)	(8,590		)
Employer pension contributions	(30,000		)	(7,489		)
Other, net	97,659			(31,716		)
Net cash provided by operating activities	62,041			207,298
INVESTING ACTIVITIES(1)
Business acquisitions, net of cash acquired	(1,815,329		)	—
Purchase of property, plant and equipment	(105,571		)	(81,685		)
Contingent purchase price payments	(26,734		)	(25,749		)
Net cash used by investing activities	(1,947,634		)	(107,434		)
FINANCING ACTIVITIES(1)
Net proceeds from revolving credit facilities	346			40,000
Net payments on short-term borrowings	(34,673		)	(249		)
Repayment of old credit facilities	(900,000		)	(89,680		)
Repayment of new credit facilities	(181,688		)	—
Repayment of Warnaco’s previously outstanding debt	(197,000		)	—
Net proceeds from credit facilities	2,993,430			—
Payment of fees associated with issuance of senior notes	(16,257		)	—
Net proceeds from settlement of awards under stock plans	24,256			4,377
Excess tax benefits from awards under stock plans	15,091			7,082
Cash dividends	(9,203		)	(5,490		)
Acquisition of treasury shares	(57,121		)	(13,633		)
Payments of capital lease obligations	(4,655		)	(5,664		)
Net cash provided (used) by financing activities	1,632,526			(63,257		)
Effect of exchange rate changes on cash and cash equivalents	(10,222		)	(7,818		)
(Decrease) increase in cash and cash equivalents	(263,289		)	28,789
Cash and cash equivalents at beginning of period	892,209			233,197
Cash and cash equivalents at end of period	$	628,920		$	261,986

⁽¹⁾ See Note 17 for information on noncash investing and financing transactions.

See accompanying notes.

4

PVH CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Currency and share amounts in thousands, except per share data)

1. GENERAL

PVH Corp. and its consolidated subsidiaries (collectively, the “Company”) constitute a global apparel company whose brand portfolio consists of nationally and internationally recognized brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Bass, Warner’s and Olga,which are owned, and Speedo, which is licensed, as well as various other owned, licensed and private label brands. The Company designs and markets branded dress shirts, neckwear, sportswear, swim products, intimates and, to a lesser extent, footwear and other related products and licenses its owned brands over a broad range of products. References to the aforementioned and other brand names are to registered trademarks owned by the Company or licensed to the Company by third parties and are identified by italicizing the brand name.

The consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated in consolidation. Investments in entities that the Company does not control but has the ability to exercise significant influence over are accounted for using the equity method of accounting. Please see Note 4, “Investments in Unconsolidated Affiliates,” for a further discussion. The Company’s Consolidated Income Statements include its proportionate share of the net income or loss of these entities. As a result of the acquisition of The Warnaco Group, Inc. (“Warnaco”), the Company owns a majority interest in a joint venture in India that is consolidated and accounted for as a redeemable non-controlling interest. Please see Note 5, “Redeemable Non-Controlling Interest,” for a further discussion. The redeemable non-controlling interest represents the minority shareholders’ proportionate share (49%) of the equity in the Company’s consolidated subsidiary.

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. References to a year are to the Company’s fiscal year, unless the context requires otherwise.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. Accordingly, they do not contain all disclosures required by accounting principles generally accepted 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 3, 2013.

The preparation of interim financial statements in conformity with accounting principles generally accepted 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 materially from the estimates.

The results of operations for the thirteen and twenty-six weeks endedAugust 4, 2013 and July 29, 2012 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 consolidated financial statements and the notes thereto for the prior year periods to present that information on a basis consistent with the current year. Please see Note 6, “Goodwill and Other Intangible Assets,” Note 7, “Retirement and Benefit Plans,” and Note 18, “Segment Data,” for discussions of changes in accounting and/or reporting related to these areas.

2. INVENTORIES

Inventories are comprised principally of finished goods and are stated at the lower of cost or market.

5

3. ACQUISITIONS

Acquisition of Warnaco

The Company acquired on February 13, 2013 all of the outstanding equity interests in Warnaco. The results of Warnaco’s operations since that date have been included in the Company’s consolidated financial statements. Warnaco designs, sources, markets and distributes a broad line of intimate apparel, sportswear and swim products worldwide. Warnaco’s products are sold under the Calvin Klein, Speedo, Warner’s and Olga brand names and were also previously sold under the Chaps brand name. Ralph Lauren Corporation reacquired the Chaps license effective contemporaneously with the Company’s acquisition of Warnaco.

The Warnaco acquisition provided the Company with direct global control of the Calvin Klein brand image and commercial decisions for the two largest Calvin Klein apparel categories—jeanswear and underwear. In addition, the Company believes the acquisition takes advantage of its and Warnaco’s complementary geographic platforms. Warnaco’s operations in Asia and Latin America should enhance the Company’s opportunities in those high-growth regions, and the Company will have the ability to leverage its expertise and infrastructure in North America and Europe to enhance the growth and profitability of the Calvin Klein jeanswear and underwear businesses in those regions.

Fair Value of the Acquisition Consideration

The acquisition date fair value of the acquisition consideration paid at closing totaled $3,137,056, which consisted of the following:

Cash	$	2,179,980
Common stock (7,674 shares, par value $1.00 per share)	926,452
Warnaco employee replacement stock awards	39,752
Elimination of pre-acquisition liability to Warnaco	(9,128		)
Total fair value of the acquisition consideration	$	3,137,056

The fair value of the 7,674 common shares issued was equal to the aggregate value of the shares at the closing market price of the Company’s common stock on February 12, 2013, the day prior to the closing. The value of the replacement stock awards was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the time of the acquisition, reduced by an estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. Also included in the acquisition consideration was the elimination of a $9,128 pre-acquisition liability to Warnaco.

The Company funded the cash portion and related costs of the Warnaco acquisition, repaid all outstanding borrowings under its previously outstanding senior secured credit facilities and repaid all of Warnaco’s previously outstanding long-term debt with the net proceeds of (i) the issuance of $700,000 of 4 1/2% senior notes due 2022; and (ii) the borrowing of $3,075,000 of term loans under new senior secured credit facilities.

Please see Note 6, “Goodwill and Other Intangible Assets,” Note 8, “Debt,” Note 12, “Stock-Based Compensation,” and Note 14, “Stockholders’ Equity,” for a further discussion of these aspects of the acquisition.

The Company incurred certain pre-tax costs directly associated with the acquisition, including short-lived non-cash valuation adjustments and amortization, totaling approximately $185,000, of which approximately $43,000 was recorded in fiscal 2012 and approximately $142,000 was recorded during the twenty-six weeks ended August 4, 2013. Please see Note 15, “Activity Exit Costs,” for a discussion of restructuring costs incurred during the twenty-six weeks ended August 4, 2013 associated with the acquisition.

The operations acquired with Warnaco had total revenue of $1,027,878 and a net loss, after non-cash valuation adjustments and amortization and integration costs, of $(62,727) for the period from the date of acquisition through August 4, 2013. These amounts are included in the Company’s results of operations for the twenty-six week period then ended.

6

Pro Forma Impact of the Transaction

The following table presents the Company’s pro forma consolidated results of operations for the thirteen and twenty-six weeks ended August 4, 2013 and July 29, 2012, as if the acquisition and the related financing transactions had occurred on January 30, 2012 (the first day of its fiscal year ended February 3, 2013) instead of on February 13, 2013. The pro forma results were calculated applying the Company’s accounting policies and reflect (i) the impact on revenue, cost of goods sold and selling, general and administrative expenses resulting from the elimination of intercompany transactions; (ii) the impact on depreciation and amortization expense based on fair value adjustments to Warnaco’s property, plant and equipment and intangible assets recorded in connection with the acquisition; (iii) the impact on interest expense resulting from changes to the Company’s capital structure in connection with the acquisition; (iv) the impact on cost of goods sold resulting from acquisition date adjustments to the fair value of inventory; (v) the elimination of transaction costs related to the acquisition that were included in the Company’s results of operations for the thirteen and twenty-six weeks ended August 4, 2013; and (vi) the tax effects of the above adjustments. The pro forma results do not include any anticipated cost synergies or other effects of the planned integration of Warnaco. Accordingly, such pro forma amounts are not indicative of the results that actually would have occurred had the acquisition been completed on January 30, 2012, nor are they indicative of the future operating results of the combined company.

	Pro Forma				Pro Forma
	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	8/4/13		7/29/12		8/4/13		7/29/12
Total revenue	$	1,964,847	$	1,803,015	$	3,938,037	$	3,743,839
Net income attributable to PVH Corp.	74,545		39,616		149,948		80,417

Allocation of the Acquisition Consideration

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

Cash and cash equivalents	$	364,651
Trade receivables	290,964
Other receivables	47,011
Inventories	452,841
Prepaid expenses	39,979
Other current assets	60,626
Property, plant and equipment	131,357
Goodwill	1,451,479
Tradenames	604,600
Perpetual license rights	206,900
Other intangibles	824,800
Other assets	144,058
Total assets acquired	4,619,266
Accounts payable	179,931
Accrued expenses	262,432
Short-term borrowings	26,927
Current portion of long-term debt	2,000
Long-term debt	195,000
Other liabilities	810,320
Total liabilities assumed	1,476,610
Redeemable non-controlling interest	5,600
Total fair value of acquisition consideration	$	3,137,056

7

The Company is still in the process of valuing the assets acquired and liabilities assumed; thus, the allocation of the acquisition consideration is subject to change.

In connection with the acquisition, the Company recorded goodwill of $1,451,479, which was assigned to the Company’s Calvin Klein North America, Calvin Klein International and Heritage Brands Wholesale segments in the amounts of $443,419, $878,786 and $129,274, respectively. None of the goodwill is expected to be deductible for tax purposes. The Company also recorded other intangible assets of $1,636,300, which included reacquired license rights of $578,000, order backlog of $97,000 and customer relationships of $149,800, which are all amortizable, as well as tradenames of $604,600 and perpetual license rights of $206,900, which have indefinite lives.

4. INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Brazil

In 2012, the Company formed a joint venture, Tommy Hilfiger do Brasil S.A., in Brazil, in which the Company owns a 40% economic interest. The joint venture holds an exclusive license for the Tommy Hilfiger brand in Brazil that became effective on January 4, 2013. This investment is being accounted for under the equity method of accounting.

China

In 2011, the Company formed a joint venture, TH Asia Ltd., in China, in which the Company owns a 45% economic interest. The joint venture assumed direct control of the Tommy Hilfiger wholesale and retail distribution businesses in China from the prior licensee on August 1, 2011. This investment is being accounted for under the equity method of accounting.

India

In 2011, the Company completed an acquisition of a 50% economic interest in a company that has since been renamed Tommy Hilfiger Arvind Fashion Private Limited (“TH India”). TH India is the direct licensee of the Tommy Hilfiger trademarks in India for all categories (other than fragrance), operates a wholesale apparel, footwear and handbags business in connection with its license, and sublicenses the trademarks for certain other product categories. This investment is being accounted for under the equity method of accounting.

Included in other assets in the Company’s Consolidated Balance Sheets as of August 4, 2013, February 3, 2013 and July 29, 2012 is $62,822, $62,021 and $46,880, respectively, related to these investments in unconsolidated affiliates.

5. REDEEMABLE NON-CONTROLLING INTEREST

As a result of the acquisition of Warnaco, the Company owns a 51% interest in a joint venture in India, Premium Garments Wholesale Trading Private Limited (“CK India”), that is consolidated in the Company’s financial statements.

The Shareholders Agreement entered into by the parties to the joint venture (the “Shareholders Agreement”) contains a put option under which the non-controlling shareholders can require the Company to purchase all or a portion of their shares in the joint venture (i) at any date with respect to one of the non-controlling shareholders, who holds a 24% ownership, and (ii) after July 8, 2015, or at any date if the Company commits a material breach, as defined in the Shareholders Agreement, that is not cured, or becomes insolvent, with respect to the other non-controlling shareholder, who holds a 25% ownership. The put price is the fair market value of the shares on the redemption date based upon a multiple of the joint venture’s earnings before interest, taxes, depreciation and amortization for the prior 12 months, less the joint venture’s net debt and any amounts owed to the Company by the non-controlling shareholders.

The Shareholders Agreement also contains a call option, under which the Company can require any of the non-controlling shareholders to sell their shares to the Company (i) at any date in the event that any non-controlling shareholder commits a material breach, as defined in the Shareholders Agreement, under any of the agreements related to the joint venture, that is not cured; or (ii) at any date after July 8, 2015. The call price is determined by the same method as the put price (as described above). During the quarter ended August 4, 2013, the Company gave notice to the non-controlling shareholders that it was exercising the call option due to a continuing material breach by the non-controlling shareholders.  The sale of the non-controlling interests has not yet been consummated.

The fair value of the non-controlling interest as of the date of the Warnaco acquisition was estimated to be $5,600, which is subject to change pending the finalization of the valuation of the acquisition consideration allocation. Subsequent changes in

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the fair value of the redeemable non-controlling interest are recognized immediately as they occur, since a portion of the non-controlling interest is currently redeemable and it is probable that the other portion will become redeemable in the future based on the passage of time. The carrying amount of the redeemable non-controlling interest is adjusted to equal the fair value at the end of each reporting period, provided that this amount at the end of each reporting period cannot be lower than the initial fair value. Any fair value adjustment to the carrying amount is determined after attribution of net income and other comprehensive income of the non-controlling interest. After initial measurement, the attribution of any net losses of the non-controlling interest cannot exceed the amount of any increase in fair value above the initial fair value. Any fair value adjustment to the carrying amount of the redeemable non-controlling interest will be recognized immediately in retained earnings of the Company. After adjusting the carrying amount for net income and other comprehensive income during the twenty-six weeks ended August 4, 2013, an adjustment to retained earnings of $1,625 was necessary to increase the fair value of the redeemable non-controlling interest, as of August 4, 2013, to the initial fair value of $5,600.

6. GOODWILL AND OTHER INTANGIBLE ASSETS

The acquisition of Warnaco has significantly impacted the way the Company and its chief operating decision maker manage and analyze the Company’s operating results. As such, the Company has changed its reportable segments. Please see Note 18, “Segment Data,” for a further discussion. This change in segments resulted in a reallocation of goodwill amongst some of the Company’s reportable segments. Prior period data has been retrospectively adjusted to reflect this reallocation.

The changes in the carrying amount of goodwill for the twenty-six weeks endedAugust 4, 2013, by segment, were as follows:

	Calvin Klein North America			Calvin Klein International			Tommy Hilfiger North America		Tommy Hilfiger International			Heritage Brands Wholesale			Total
Balance as of February 3, 2013
Goodwill, gross	$	207,083		$	201,542		$	198,501	$	1,196,619		$	155,142		$	1,958,887
Accumulated impairment losses	—			—			—		—			—			—
Goodwill, net	207,083			201,542			198,501		1,196,619			155,142			1,958,887
Contingent purchase price payments to Mr. Calvin Klein	13,406			9,316			—		—			—			22,722
Goodwill from acquisition of Warnaco	443,419			878,786			—		—			129,274			1,451,479
Currency translation	(1,930		)	(23,954		)	—		(38,715		)	(487		)	(65,086		)
Balance as of August 4, 2013
Goodwill, gross	661,978			1,065,690			198,501		1,157,904			283,929			3,368,002
Accumulated impairment losses	—			—			—		—			—			—
Goodwill, net	$	661,978		$	1,065,690		$	198,501	$	1,157,904		$	283,929		$	3,368,002

The Company is required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition in 2003 of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies (collectively, “Calvin Klein”). Such payments are based on 1.15% of total worldwide net sales, as defined in the acquisition agreement (as amended), of products bearing any of the Calvin Klein brands and are required to be made with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein are made are wholesale sales by the Company and its licensees and other partners to retailers.

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The Company’s intangible assets consisted of the following:

	8/4/13							2/3/13							7/29/12
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets subject to amortization:
Customer relationships(1)	$	333,064	$	(54,411	)	$	278,653	$	190,383	$	(41,158	)	$	149,225	$	171,583	$	(35,213	)	$	136,370
Covenants not to compete	2,220		(2,220		)	—		2,220		(2,220		)	—		2,220		(2,190		)	30
Order backlog(1)	128,196		(122,504		)	5,692		32,287		(32,287		)	—		32,287		(32,287		)	—
Reacquired license rights(1)	566,160		(12,904		)	553,256		8,565		(3,636		)	4,929		5,921		(3,163		)	2,758
Total intangible assets subject to amortization	1,029,640		(192,039		)	837,601		233,455		(79,301		)	154,154		212,011		(72,853		)	139,158
Intangible assets not subject to amortization:
Tradenames(1)	2,975,764		—			2,975,764		2,413,809		—			2,413,809		2,332,811		—			2,332,811
Perpetual license rights(1)	206,336		—			206,336		—		—			—		—		—			—
Reacquired perpetual license rights	12,617		—			12,617		13,042		—			13,042		11,774		—			11,774
Total intangible assets not subject to amortization	3,194,717		—			3,194,717		2,426,851		—			2,426,851		2,344,585		—			2,344,585
Total intangible assets	$	4,224,357	$	(192,039	)	$	4,032,318	$	2,660,306	$	(79,301	)	$	2,581,005	$	2,556,596	$	(72,853	)	$	2,483,743

⁽¹⁾ Change from February 3, 2013 to August 4, 2013 primarily relates to intangible assets recorded in connection with the acquisition of Warnaco. The acquired customer relationships are amortized principally over 10 years, order backlog is amortized principally over 6 months and reacquired license rights are amortized principally over 33 years from the date of the acquisition. As of August 4, 2013, the weighted average life of the amortizable intangible assets recorded in connection with the acquisition of Warnaco was 27.7 years.

Amortization expense related to the Company’s amortizable intangible assets was $112,738 and $6,454 for the twenty-six weeks ended August 4, 2013 and July 29, 2012, respectively.

Amortization expense, a portion of which is subject to exchange rate fluctuation, for the remainder of 2013 and the next five years thereafter related to the Company’s intangible assets as of August 4, 2013 is expected to be as follows:

Fiscal Year	Amount
Remainder of 2013	$	28,951
2014	44,823
2015	44,482
2016	44,482
2017	44,482
2018	44,482

7. RETIREMENT AND BENEFIT PLANS

The Company has six noncontributory defined benefit pension plans (including a plan acquired as part of the Warnaco acquisition, which is frozen) covering substantially all employees resident in the United States who meet certain age and service requirements. For those vested (after five years of service), the plans provide monthly benefits upon retirement based on career compensation and years of credited service. The Company refers to these six plans as its “Pension Plans.”

The Company also has for certain members of Tommy Hilfiger’s domestic senior management a supplemental executive retirement plan, which is an unfunded non-qualified supplemental defined benefit pension plan. Such plan is frozen and, as a result, participants do not accrue additional benefits. In addition, the Company has a capital accumulation program, which is an unfunded non-qualified supplemental defined benefit plan, covering two current and 15 retired executives as of August 4, 2013.

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Under the individual participants’ agreements, the participants in this plan will receive a predetermined amount during the 10 years following the attainment of age 65, provided that prior to the termination of employment with the Company, the participant has been in the plan for at least 10 years and has attained age 55. The Company also has for certain employees resident in the United States who meet certain age and service requirements an unfunded non-qualified supplemental defined benefit pension plan, which provides benefits for compensation in excess of Internal Revenue Service earnings limits and requires payments to vested employees upon, or shortly after, employment termination or retirement. The Company refers to these three plans as its “SERP Plans.”

The Company also provides certain postretirement health care and life insurance benefits to certain retirees resident in the United States. Retirees contribute to the cost of this plan, which is unfunded. During 2002, the postretirement plan was amended to eliminate the Company contribution, which partially subsidized benefits, for active participants who, as of January 1, 2003, had not attained age 55 and 10 years of service. As a result of the Company’s acquisition of Warnaco, the Company also provides certain postretirement health care and life insurance benefits to certain Warnaco retirees resident in the United States. Retirees contribute to the cost of this plan, which is unfunded. The Company refers to these two plans as its “Postretirement Plans.”

During the fourth quarter of 2012, the Company changed its method of accounting for actuarial gains and losses for its pension and other postretirement plans. Historically, the Company recognized actuarial gains and losses for its pension and other postretirement obligations and pension plan assets as a component of other comprehensive income in the periods in which they arose. As set forth in the Financial Accounting Standards Board (“FASB”) guidance for pension and other postretirement plans, the Company amortized actuarial gains and losses (to the extent they exceeded a 10% corridor) in future periods over the average remaining service period of active employees or, if substantially all plan participants were inactive, over the average remaining life expectancy of inactive participants, as a component of its net periodic benefit cost. The Company elected in the fourth quarter of 2012 to begin to immediately recognize actuarial gains and losses in its operating results in the year in which they occur. These gains and losses are measured at least annually as of the end of the Company’s fiscal year and, as such, will generally be recognized during the fourth quarter of each year. Additionally, beginning in the fourth quarter of 2012, the Company no longer calculates expected return on plan assets using a permitted averaging technique for market-related value of plan assets but instead uses the fair value of plan assets. The financial data for all prior periods presented has been retrospectively adjusted to reflect the effect of these accounting changes.

Net benefit cost related to the Company’s Pension Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	4,823		$	4,011		$	9,420		$	7,865
Interest cost	6,528			4,530			13,067			8,986
Expected return on plan assets	(9,658		)	(5,254		)	(19,528		)	(10,476		)
Amortization of prior service cost	2			1			3			2
Total	$	1,695		$	3,288		$	2,962		$	6,377

Net benefit cost related to the Company’s SERP Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	1,119		$	814		$	2,169		$	1,787
Interest cost	953			827			1,810			1,673
Amortization of prior service credit	(17		)	(16		)	(34		)	(33		)
Total	$	2,055		$	1,625		$	3,945		$	3,427

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Net benefit cost related to the Company’s Postretirement Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	14		$	—		$	40		$	—
Interest cost	207			181			429			399
Amortization of prior service credit	(204		)	(204		)	(408		)	(408		)
Total	$	17		$	(23	)	$	61		$	(9	)

Currently, the Company expects to make contributions of approximately $60,000 to its pension plans in 2013, which includes a $30,000 contribution made during the first quarter of 2013 to fund the pension plan that the Company acquired with the Warnaco acquisition. The Company’s actual contributions may differ from planned contributions due to many factors, including changes in tax and other benefit laws, or significant differences between expected and actual pension asset performance or interest rates.

8. DEBT

Short-Term Borrowings

One of the Company’s Asian subsidiaries has a Yen-denominated overdraft facility with a Japanese bank, which provides for borrowings of up to ¥1,000,000 (approximately $10,000 based on exchange rates in effect on August 4, 2013) and is utilized to fund working capital needs. Borrowings under the facility are unsecured and bear interest at the one-month Japanese interbank borrowing rate (“TIBOR”) plus 0.15%. Such facility renews automatically unless the Company gives notice of termination. There were no borrowings outstanding under this facility as of August 4, 2013. The maximum amount of borrowings outstanding under this facility during the twenty-six weeks ended August 4, 2013 was approximately $10,000.

One of the Company’s European subsidiaries acquired as part of the Warnaco acquisition has short-term revolving notes with a number of banks at various interest rates, as well as a Euro-denominated overdraft facility, which are used to fund working capital needs. The total amount of borrowings outstanding as of August 4, 2013 was $2,147. The weighted average interest rate on the funds borrowed at August 4, 2013 was 2.94%. The maximum amount of borrowings outstanding under these facilities during the twenty-six weeks ended August 4, 2013 was approximately $25,300.

One of the Company’s Asian subsidiaries acquired as part of the Warnaco acquisition has Rupee-denominated short-term revolving credit facilities with a local lender. These facilities provide for total borrowings of up to ₨195,000 (approximately $3,200 based on exchange rates in effect on August 4, 2013) and are utilized to fund working capital needs. Borrowings under the facilities bear interest at various interest rates, primarily based on a base rate set by the lending bank. As of August 4, 2013, the Company had $1,300 of borrowings outstanding under these facilities and the weighted average interest rate on the funds borrowed at August 4, 2013 was 10.44%. The maximum amount of borrowings outstanding under these facilities during the twenty-six weeks ended August 4, 2013 was approximately $2,600.

One of the Company’s Asian subsidiaries acquired as part of the Warnaco acquisition has a short-term $10,000 revolving credit facility to be used to fund working capital needs. Borrowings under the facility bear interest at 1.75% plus the one-month London interbank borrowing rate (“LIBOR”). At the end of each month, amounts outstanding under this facility may be carried forward for additional one-month periods for up to one year. The facility was renewed in September 2012 and may be renewed annually in the future. The facility is subject to certain terms and conditions and may be terminated at any time at the discretion of the lender. There were no borrowings outstanding under this facility as of or during the twenty-six weeks ended August 4, 2013.

One of the Company’s Asian subsidiaries acquired as part of the Warnaco acquisition has a Won-denominated short-term revolving credit facility with one lender that provides for borrowings of up to ₩3,000,000 (approximately $2,700 based on exchange rates in effect on August 4, 2013) and is utilized to fund working capital needs. Borrowings under the facility bear interest at the three-month Cost of Funds Index rate plus a specified margin. There were no borrowings outstanding under this facility as of or during the twenty-six weeks ended August 4, 2013.

One of the Company’s Latin American subsidiaries acquired as part of the Warnaco acquisition has Real-denominated short-term revolving credit facilities with a number of banks that provide for total available borrowings of R$44,000 (approximately

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$19,000 based on exchange rates in effect on August 4, 2013) and are utilized to fund working capital needs. Borrowings under the facilities bear interest at various interest rates. There were no borrowings outstanding under these facilities as of or during the twenty-six weeks ended August 4, 2013.

Long-Term Debt

The carrying amounts of the Company’s long-term debt were as follows:

	8/4/13		7/29/12
Senior secured term loan A facility due 2018	$	1,672,297	$	—
Senior secured term loan B facility due 2020	1,208,202		—
4 1/2% senior unsecured notes	700,000		—
7 3/8% senior unsecured notes	600,000		600,000
7 3/4% debentures	99,652		99,631
Senior secured term loan A facility due 2016 - United States dollar-denominated	—		592,000
Senior secured term loan A facility due 2016 - Euro-denominated	—		98,844
Senior secured term loan B facility due 2016 - United States dollar-denominated	—		395,000
Senior secured term loan B facility due 2016 - Euro-denominated	—		18,010
Total	4,280,151		1,803,485
Less: Current portion of long-term debt	85,000		88,021
Long-term debt	$	4,195,151	$	1,715,464

As of August 4, 2013, the Company’s mandatory long-term debt repayments for the next five years were as follows:

Remainder of 2013	$	42,500
2014	85,000
2015	116,875
2016	159,375
2017	170,000
2018	1,105,000

As of August 4, 2013, after taking into account the interest rate swap agreement discussed in the section entitled “New Senior Secured Credit Facilities”below, which was in effect as of such date, approximately 45% of the Company’s long-term debt was at a fixed rate, with the remainder at variable rates. As a result of the new interest rate swap agreement for a three-year term commencing on August 19, 2013, as discussed below, approximately 70% of the Company’s long-term debt will be at a fixed rate, with the remainder at variable rates.

Prior Senior Secured Credit Facilities

On May 6, 2010, the Company entered into senior secured credit facilities, which it amended and restated on March 2, 2011 (“the amended facilities”). The amended facilities consisted of a Euro-denominated term loan A facility, a United States dollar-denominated term loan A facility, a Euro-denominated term loan B facility, a United States dollar-denominated term loan B facility, a United States dollar-denominated revolving credit facility and two multi-currency (one United States dollar and Canadian dollar, and the other Euro, Japanese Yen and British Pound) revolving credit facilities. The amended facilities provided for initial borrowings of up to an aggregate of approximately $1,970,000 (based on applicable exchange rates on March 2, 2011), consisting of (i) an aggregate of approximately $1,520,000 of term loan facilities; and (ii) approximately $450,000 of revolving credit facilities.

The Company made payments of $89,680 on its term loans under the amended facilities during the twenty-six weeks ended July 29, 2012.

On February 13, 2013, in connection with the Warnaco acquisition, the Company modified and extinguished the amended facilities and repaid all outstanding borrowings thereunder, as discussed in the section entitled “New Senior Secured Credit Facilities” below.

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New Senior Secured Credit Facilities

On February 13, 2013, simultaneously with and related to the closing of the Warnaco acquisition, the Company entered into new senior secured credit facilities (“the new facilities”), the proceeds of which were used to fund a portion of the acquisition, repay all outstanding borrowings under the amended facilities and repay all of Warnaco’s previously outstanding long-term debt. The new facilities consist of a $1,700,000 United States dollar-denominated Term Loan A (recorded net of an original issue discount of $7,325 as of the acquisition date), a $1,375,000 United States dollar-denominated Term Loan B (recorded net of an original issue discount of $6,875 as of the acquisition date) and senior secured revolving credit facilities in an aggregate principal amount of $750,000 (based on the applicable exchange rates on February 13, 2013), consisting of (a) a $475,000 United States dollar-denominated revolving credit facility, (b) a $25,000 United States dollar-denominated revolving credit facility available in United States dollars or Canadian dollars and (c) a €185,850 Euro-denominated revolving credit facility available in Euro, Pounds Sterling, Japanese Yen and Swiss Francs. In connection with entering into the new facilities and repaying all outstanding borrowings under the amended facilities and all of Warnaco’s previously outstanding long-term debt, the Company paid debt issuance costs of $67,370 (of which $34,638 was expensed as debt modification and extinguishment costs and $32,732 will be amortized over the term of the related debt agreement) and recorded additional debt modification and extinguishment costs of $5,757 to write-off previously capitalized debt issuance costs.

The revolving credit facilities include amounts available for letters of credit. As of August 4, 2013, the Company had drawn no revolving credit borrowings and approximately $79,105 of letters of credit. A portion of both United States dollar-denominated revolving credit facilities is also available for the making of swingline loans. The issuance of such letters of credit and the making of any swingline loan reduces the amount available under the applicable revolving credit facility. So long as certain conditions are satisfied, the Company may add one or more term loan facilities or increase the commitments under the revolving credit facilities by an aggregate amount not to exceed the greater of (a) $750,000 and (b) $1,250,000 as long as the ratio of the Company’s senior secured net debt to consolidated adjusted earnings before interest, taxes, depreciation and amortization (in each case calculated as set forth in the documentation relating to the new facilities) would not exceed 3 to 1 after giving pro forma effect to the incurrence of such increase, plus, in either case, an amount equal to the aggregate revolving commitments of any defaulting lender (to the extent the commitments with respect thereto have been terminated). The lenders under the new facilities are not required to provide commitments with respect to such additional facilities or increased commitments.

The Company made payments of $181,688 on its term loans under the new facilities during the twenty-six weeks endedAugust 4, 2013, the majority of which was voluntary. As of August 4, 2013, the Company had total term loans outstanding of $2,880,499, net of original issue discounts. The terms of each of Term Loan A and Term Loan B contain a mandatory quarterly repayment schedule. Due to the above-mentioned voluntary payments, the Company is not required to make any additional mandatory repayments under Term Loan B prior to maturity.

The outstanding borrowings under the new facilities are prepayable at any time without penalty. The terms of the new facilities require the Company to repay certain amounts outstanding thereunder with (a) net cash proceeds of the incurrence of certain indebtedness, (b) net cash proceeds of certain asset sales or other dispositions (including as a result of casualty or condemnation) that exceed certain thresholds, to the extent such proceeds are not reinvested or committed to be reinvested in the business in accordance with customary reinvestment provisions and (c) a percentage of excess cash flow, which percentage is based upon the Company’s net leverage ratio during the relevant fiscal period.

The United States dollar-denominated borrowings under the new facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a base rate determined by reference to the greater of (i) the prime rate, (ii) the United States federal funds rate plus 1/2 of 1.00% and (iii) a one-month adjusted Eurocurrency rate plus 1.00% (provided that, in the case of Term Loan B, in no event will the base rate be deemed to be less than 1.75%) or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities (provided that, in the case of Term Loan B, in no event will the adjusted Eurocurrency rate be deemed to be less than 0.75%).

Canadian dollar-denominated borrowings under the new revolving credit facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a Canadian prime rate determined by reference to the greater of (i) the rate of interest per annum that Royal Bank of Canada establishes at its main office in Toronto, Ontario as the reference rate of interest in order to determine interest rates for loans in Canadian Dollars to its Canadian borrowers and (ii) the sum of (x) the average of the rates per annum for Canadian Dollar bankers’ acceptances having a term of one month that appears on the display referred to as “CDOR Page” of Reuters Monitor Money Rate Services as of 10:00 a.m. (Toronto time) on the date of determination, as reported by the administrative agent (and if such screen is not available, any successor or similar service as

14

may be selected by the administrative agent), and (y) 0.75%, or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities.

The borrowings under the new revolving credit facilities in currencies other than United States dollars or Canadian dollars bear interest at a rate equal to an applicable margin plus an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities.

The current applicable margins are in the case of Term Loan A and the revolving credit facilities, 2.00% for adjusted Eurocurrency rate loans and 1.00% for base rate loans, as applicable. The applicable margins in the case of Term Loan B are fixed at 2.50% for adjusted Eurocurrency rate loans and 1.50% for base rate loans, respectively. After the date of delivery of the compliance certificate and financial statements with respect to the Company’s fiscal quarter ending August 4, 2013, the applicable margin for borrowings under Term Loan A and the revolving credit facilities is subject to adjustment based on the Company’s quarter end net leverage ratio.

During the second quarter of 2013, the Company entered into an interest rate swap agreement for a three-year term commencing on August 19, 2013. The agreement was designed with the intended effect of converting an initial notional amount of $1,228,750 of the Company’s variable rate debt obligation under its United States dollar-denominated senior secured Term Loan A facility, or any replacement facility with similar terms, to fixed rate debt. Under the terms of the agreement for the then-outstanding notional amount, the Company’s exposure to fluctuations in the one-month LIBOR is eliminated, and it will pay a fixed rate of 0.604%, plus the current applicable margin.

During the second quarter of 2011, the Company entered into an interest rate swap agreement for a three-year term commencing on June 6, 2011. The agreement was designed with the intended effect of converting an initial notional amount of $632,000 of the Company’s variable rate debt obligation under its previously outstanding United States dollar-denominated senior secured term loan A facility, or any replacement facility with similar terms, to fixed rate debt. Such agreement remains outstanding, with a notional amount of $436,608 as of August 4, 2013, subsequent to the repayment of the Company’s previously outstanding amended facility and is now converting a portion of the Company’s variable rate debt obligation under its new Term Loan A facility to fixed rate debt. Under the terms of the agreement for the then-outstanding notional amount, the Company’s exposure to fluctuations in the three-month LIBOR is eliminated, and it will pay a fixed rate of 1.197%, plus the current applicable margin.

The outstanding notional amount of each interest rate swap will be adjusted according to pre-set schedules during the term of each swap agreement such that, based on the Company’s projections for future debt repayments, the Company’s outstanding debt under the Term Loan A facility is expected to always equal or exceed the then-outstanding combined notional amount of the interest rate swaps.

The new facilities contain covenants that restrict the Company’s ability to finance future operations or capital needs, to take advantage of other business opportunities that may be in its interest or to satisfy its obligations under its other outstanding debt. These covenants restrict the Company’s ability to, among other things:

• incur or guarantee additional debt or extend credit;

• make restricted payments, including paying dividends or making distributions on, or redeeming or repurchasing, the Company’s capital stock or certain debt;

• make acquisitions and investments;

• dispose of assets;

• engage in transactions with affiliates;

• enter into agreements restricting the Company’s subsidiaries’ ability to pay dividends;

• create liens on the Company’s assets or engage in sale/leaseback transactions; and

• effect a consolidation or merger, or sell, transfer, or lease all or substantially all of the Company’s assets.

The new facilities require the Company to comply with certain financial covenants, including minimum interest coverage and maximum net leverage. A breach of any of these operating or financial covenants would result in a default under the applicable facility. If an event of default occurs and is continuing, the lenders could elect to declare all amounts then outstanding, together with accrued interest, to be immediately due and payable which would result in acceleration of the Company’s other debt. If the Company was unable to repay any such borrowings when due, the lenders could proceed against their collateral, which also secures some of the Company’s other indebtedness.

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4 1/2% Senior Notes Due 2022

On December 20, 2012, the Company issued $700,000 principal amount of 4 1/2% senior notes due December 15, 2022 in connection with the Warnaco acquisition. Interest on the 4 1/2% notes is payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 15, 2013. The Company paid $16,257 of fees in the first quarter of 2013 in connection with the issuance of these notes, which will be amortized over the term of the notes.

The Company may redeem some or all of these notes at any time prior to December 15, 2017 by paying a “make whole” premium plus any accrued and unpaid interest. Subject to certain conditions, the Company may also redeem up to 35% of these notes prior to December 15, 2015 with the net cash proceeds of certain equity offerings without having to pay a penalty or “make whole” premium. In addition, the Company may redeem some or all of these notes on or after December 15, 2017 at specified redemption prices plus any accrued and unpaid interest. The Company’s ability to pay cash dividends and make other restricted payments is limited, in each case, over specified amounts as defined in the indenture governing the notes.

7 3/8% Senior Notes Due 2020

On May 6, 2010, the Company issued $600,000 principal amount of 7 3/8% senior notes due May 15, 2020. Interest on the 7 3/8% notes is payable semi-annually in arrears on May 15 and November 15 of each year.

The Company may redeem some or all of these notes on or after May 15, 2015 at specified redemption prices plus any accrued and unpaid interest. The Company may redeem some or all of these notes at any time prior to May 15, 2015 by paying a “make whole” premium plus any accrued and unpaid interest. In addition, subject to certain conditions, the Company may also redeem up to 35% of these notes prior to May 15, 2013, by paying a set premium, with the net proceeds of certain equity offerings. The Company’s ability to pay cash dividends and make other restricted payments is limited, in each case, over specified amounts as defined in the indenture governing the notes.

7 3/4% Debentures Due 2023

The Company has outstanding $100,000 of debentures due on November 15, 2023 with a yield to maturity of 7.80%. The debentures accrue interest at the rate of 7 3/4%, which is payable semi-annually. Pursuant to the indenture governing the debentures, the Company must maintain a certain level of stockholders’ equity in order to pay cash dividends and make other restricted payments, as defined in the indenture governing the debentures.

9. INCOME TAXES

The effective income tax rates for the thirteen weeks endedAugust 4, 2013 and July 29, 2012 were 161.1% and 28.0%, respectively. The effective income tax rates for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012 were (174.0)% and 26.4%, respectively.

The effective income tax rate for the thirteen weeks ended August 4, 2013 was higher than the United States statutory rate due to non-recurring discrete items related to the Warnaco integration and state and local taxes, partially offset by the benefit of the overall lower tax rates in international jurisdictions where the Company files tax returns.

The effective income tax rate for the twenty-six weeks ended August 4, 2013 was lower than the United States statutory rate due to the net impact of non-recurring discrete items related to the Warnaco integration, state and local taxes and the benefit of the overall lower tax rates in international jurisdictions where the Company files tax returns. Since the Company had a pre-tax loss in the twenty-six weeks endedAugust 4, 2013, the discrete tax expense caused the effective income tax rate to be negative.

The effective income tax rates for the thirteen and twenty-six weeks endedJuly 29, 2012 were lower than the United States statutory rate due to the benefit of the overall lower tax rates in international jurisdictions where the Company files tax returns and the continuation of the tax synergies resulting from the Tommy Hilfiger acquisition, partially offset by state and local taxes.

10. DERIVATIVE FINANCIAL INSTRUMENTS

The Company has exposure to changes in foreign currency exchange rates related to certain anticipated cash flows associated with certain international inventory purchases. In addition, the Company has exposure to changes in foreign currency exchange rates on certain intercompany loans. To help manage these exposures, the Company periodically uses foreign currency forward exchange contracts.

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The Company also has exposure to interest rate volatility related to its senior secured term loan facilities. The Company has entered into interest rate swap agreements to hedge against this exposure. Please see Note 8, “Debt,” for a further discussion of the Company’s senior secured term loan facilities and these agreements. The Company had also entered into an interest rate cap agreement, which expired on September 6, 2012.

The Company records the foreign currency forward exchange contracts and interest rate contracts at fair value in its Consolidated Balance Sheets. Changes in fair value of the foreign currency forward exchange contracts associated with certain international inventory purchases and the interest rate contracts (collectively referred to as “cash flow hedges”) that are designated as effective hedging instruments are recorded in equity as a component of accumulated other comprehensive income (loss) (“AOCI”). The cash flows from such hedges are presented in the same category on the Consolidated Statements of Cash Flows as the items being hedged. Any ineffectiveness in such cash flow hedges is immediately recognized in earnings and no contracts were excluded from effectiveness testing. In addition, changes in the fair value of foreign currency forward exchange contracts that are not designated as effective hedging instruments are immediately recognized in earnings, including the changes in fair value of all of the foreign exchange contracts related to intercompany loans which are not of a long-term investment nature. Any gains and losses that are immediately recognized in earnings on such contracts related to intercompany loans are largely offset by the remeasurement of the underlying intercompany loan balances. The Company does not use derivative financial instruments for trading or speculative purposes.

The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for the Company’s derivative financial instruments:

	Asset Derivatives (Classified in Other Current Assets and Other Assets)				Liability Derivatives (Classified in Accrued Expenses and Other Liabilities)
	8/4/13		7/29/12		8/4/13		7/29/12
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts     (inventory purchases)	$	1,432	$	18,828	$	4,231	$	866
Interest rate contracts	4,110		45		8,097		6,729
Total contracts designated as cash flow hedges	5,542		18,873		12,328		7,595
Undesignated contracts:
Foreign currency forward exchange contracts     (inventory purchases)	282		—		109		538
Foreign currency forward exchange contracts (intercompany loans)	396		—		767		111
Total undesignated contracts	678		—		876		649
Total	$	6,220	$	18,873	$	13,204	$	8,244

At August 4, 2013, the notional amount outstanding of foreign currency forward exchange contracts for inventory purchases and intercompany loans was approximately $422,000 and $80,000, respectively. Such contracts expire principally between August 2013 and August 2014 for inventory purchases and between August 2013 and January 2014 for intercompany loans.

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The following table summarizes the effect of the Company’s hedges designated as cash flow hedging instruments:

	Gain (Loss) Recognized in Other Comprehensive (Loss) Income (Effective Portion)						(Loss) Gain Reclassified from AOCI into (Expense) Income (Effective Portion)
							Location	Amount
Thirteen Weeks Ended	8/4/13			7/29/12				8/4/13			7/29/12
Foreign currency forward exchange contracts     (inventory purchases)	$	1,732		$	6,592		Cost of goods sold	$	(280	)	$	1,007
Interest rate contracts	(897		)	(962		)	Interest expense	(1,023		)	(1,098		)
Total	$	835		$	5,630			$	(1,303	)	$	(91	)
Twenty-Six Weeks Ended	8/4/13			7/29/12				8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	$	10,590		$	4,916		Cost of goods sold	$	2,901		$	3,631
Interest rate contracts	(1,106		)	(1,002		)	Interest expense	(2,177		)	(2,180		)
Total	$	9,484		$	3,914			$	724		$	1,451

There was no ineffective portion of hedges designated as cash flow hedging instruments during the twenty-six weeks endedAugust 4, 2013 and July 29, 2012.

A net loss in AOCI on foreign currency forward exchange contracts at August 4, 2013 of $2,413 is estimated to be reclassified in the next 12 months in the Consolidated Income Statements to costs of goods sold as the underlying inventory is purchased and sold. In addition, a net loss in AOCI for interest rate contracts at August 4, 2013 of $6,601 is estimated to be reclassified to interest expense within the next 12 months.

The following table summarizes the effect of the Company’s foreign currency forward exchange contracts that were not designated as cash flow hedges:

	Gain (Loss) Recognized in Income
Thirteen Weeks Ended	Location	8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	Selling, general and administrative expenses	$	661		$	(190	)
Foreign currency forward exchange contracts (intercompany loans)	Selling, general and administrative expenses	(285		)	(1,224		)
Twenty-Six Weeks Ended	Location	8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	Selling, general and administrative expenses	$	349		$	679
Foreign currency forward exchange contracts (intercompany loans)	Selling, general and administrative expenses	(38		)	(1,224		)

The Company had no derivative financial instruments with credit risk related contingent features underlying the related contracts as of August 4, 2013.

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11. FAIR VALUE MEASUREMENTS

FASB guidance for fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It also establishes a three level hierarchy that prioritizes the inputs used to measure fair value. The three levels of the hierarchy are defined as follows:

Level 1 – Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 – Observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability and inputs derived principally from or corroborated by observable market data.

Level 3 – Unobservable inputs reflecting the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability based on the best information available.

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:

	8/4/13							2/3/13							7/29/12
	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	$	2,110	N/A		$	2,110	N/A	$	4,693	N/A		$	4,693	N/A	$	18,828	N/A		$	18,828
Interest rate contracts	N/A	4,110		N/A		4,110		N/A	N/A		N/A		N/A		N/A	45		N/A		45
Total Assets	N/A	$	6,220	N/A		$	6,220	N/A	$	4,693	N/A		$	4,693	N/A	$	18,873	N/A		$	18,873
Liabilities:
Foreign currency forward exchange contracts	N/A	$	5,107	N/A		$	5,107	N/A	$	13,460	N/A		$	13,460	N/A	$	1,515	N/A		$	1,515
Interest rate contracts	N/A	8,097		N/A		8,097		N/A	5,058		N/A		5,058		N/A	6,729		N/A		6,729
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India	N/A	N/A		$	6,649	6,649		N/A	N/A		$	7,003	7,003		N/A	N/A		$	9,021	9,021
Total Liabilities	N/A	$	13,204	$	6,649	$	19,853	N/A	$	18,518	$	7,003	$	25,521	N/A	$	8,244	$	9,021	$	17,265

The fair value of the foreign currency forward exchange contracts is measured as the total amount of currency to be purchased, multiplied by the difference between (i) the forward rate as of the period end and (ii) the settlement rate specified in each contract. The fair values of the interest rate contracts are based on observable interest rate yield curves and represent the expected discounted cash flows underlying the financial instruments.

Pursuant to the agreement governing the reacquisition of the rights in India to the Tommy Hilfiger trademarks, the Company is required to make annual contingent purchase price payments based on a percentage of annual sales in excess of an agreed upon threshold of Tommy Hilfiger products in India for a period of five years (or, under certain circumstances, a period of six years) following the acquisition date. Such payments are subject to a $25,000 aggregate maximum and are due within 60 days following each one-year period. The first one-year period commenced on July 1, 2011. During the third quarter of 2012, the Company made a contingent purchase price payment of $185 for the first one-year period. The Company is required to remeasure this liability at fair value on a recurring basis and classifies this as a Level 3 measurement. The fair value of such contingent purchase price payments was determined using the discounted cash flow method, based on net sales projections for the Tommy Hilfiger apparel and accessories businesses in India, and was discounted using rates of return that account for the relative risks of the estimated future cash flows. Excluding the initial recognition of the liability for the contingent purchase price payments and payments made to reduce the liability, changes in the fair value are included within selling, general and administrative expenses.

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The following table presents the change in the Level 3 contingent purchase price payment liability for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012:

	Twenty-Six Weeks Ended
	8/4/13			7/29/12
Beginning Balance	$	7,003		$	9,559
Payments	—			—
Adjustments included in earnings	(354		)	(538		)
Ending Balance	$	6,649		$	9,021

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

Unobservable Inputs	Amount
Approximate compounded annual net sales growth rate	45.0	%
Approximate discount rate	20.0	%

A five percentage point increase or decrease in the discount rate would change the liability by approximately $1,000.

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

There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements.

There were no material non-financial assets or liabilities that were required to be remeasured at fair value on a non-recurring basis during the twenty-six weeks endedAugust 4, 2013 and July 29, 2012.

The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of August 4, 2013, February 3, 2013 and July 29, 2012 were as follows:

	8/4/13				2/3/13				7/29/12
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	628,920	$	628,920	$	892,209	$	892,209	$	261,986	$	261,986
Short-term borrowings	3,447		3,447		10,847		10,847		52,791		52,791
Long-term debt (including portion classified as current)	4,280,151		4,358,547		2,299,642		2,398,200		1,803,485		1,886,289

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.

12. STOCK-BASED COMPENSATION

The Company grants stock-based awards under its 2006 Stock Incentive Plan (the “2006 Plan”). The 2006 Plan replaced the Company’s 2003 Stock Option Plan (the “2003 Plan”) and certain other prior stock option plans. The 2003 Plan and these other plans terminated upon the 2006 Plan’s initial stockholder approval in June 2006, other than with respect to outstanding options, which continued to be governed by the applicable prior plan. Only awards under the 2003 Plan continue to be outstanding

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insofar as these prior plans are concerned. Shares issued as a result of stock-based compensation transactions generally have been funded with the issuance of new shares of the Company’s common stock.

The Company may grant the following types of incentive awards under the 2006 Plan: (i) non-qualified stock options (“NQs”); (ii) incentive stock options (“ISOs”); (iii) stock appreciation rights; (iv) restricted stock; (v) restricted stock units (“RSUs”); (vi) performance share units; and (vii) other stock-based awards. Each award granted under the 2006 Plan is subject to an award agreement that incorporates, as applicable, the exercise price, the term of the award, the periods of restriction, the number of shares to which the award pertains, applicable performance period(s) and performance measure(s), and such other terms and conditions as the plan committee determines.

Through August 4, 2013, the Company has granted under the 2006 Plan: (i) service-based NQs, RSUs and restricted stock; (ii) contingently issuable performance share units; and (iii) RSUs that are intended to satisfy the performance-based condition for deductibility under Section 162(m) of the Internal Revenue Code. According to the terms of the 2006 Plan, for purposes of determining the number of shares available for grant, each share underlying a stock option award reduces the number available by one share, each share underlying a restricted stock award reduces the number available by two shares and each share underlying an RSU or performance share unit award reduces the number available by three shares for awards made before April 29, 2009 and by two shares for awards made on or after April 29, 2009. The per share exercise price of options granted under the 2006 Plan cannot be less than the closing price of the common stock on the date of grant (the business day prior to the date of grant for awards granted prior to September 21, 2006).

The Company currently has service-based NQs and ISOs outstanding under the 2003 Plan. Such options were granted with an exercise price equal to the closing price of the Company’s common stock on the business day immediately preceding the date of grant.

Under the terms of the merger agreement in connection with the Warnaco acquisition, each outstanding award of Warnaco stock options, restricted stock and restricted stock units has been assumed by the Company and converted into an award of the same type, and, subject to the same terms and conditions, but payable in shares of Company common stock. The stock options are generally exercisable in three equal annual installments commencing one year after the date of original grant and the RSUs and restricted stock awards generally vest three years after the date of original grant, principally on a cliff basis. The Company accounted for the replacement awards as a modification of the existing awards. As such, a new fair value was assigned to the awards, a portion of which is included as part of the merger consideration. The merger consideration of $39,752 was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the effective time of the Warnaco acquisition, net of the estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. The remaining fair value, net of estimated forfeitures, is being expensed on a straight-line basis over the awards’ remaining vesting periods.

Net (loss) income for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012 included $34,478 and $18,891, respectively, of pre-tax expense related to stock-based compensation.

Stock options currently outstanding, with the exception of the Warnaco employee replacement awards discussed above, are generally cumulatively exercisable in four equal annual installments commencing one year after the date of grant. The vesting of such options outstanding is also generally accelerated upon retirement (as defined in the applicable plan). Such options are generally granted with a 10-year term.

The Company estimates the fair value of stock options granted at the date of grant using the Black-Scholes-Merton model. The estimated fair value of the options, net of estimated forfeitures, is expensed on a straight-line basis over the options’ vesting periods.

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The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the twenty-six weeks endedAugust 4, 2013 (with the exception of the Warnaco employee replacement stock options) and July 29, 2012:

	Twenty-Six Weeks Ended
	8/4/13			7/29/12
Weighted average risk-free interest rate	1.05		%	1.20		%
Weighted average expected option term (in years)	6.22			6.25
Weighted average Company volatility	45.20		%	45.16		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per option	$	51.51		$	40.59

The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants. The Company will continue to evaluate the appropriateness of utilizing such method.

The following summarizes the assumptions used to estimate the fair value of the Warnaco employee stock options that were replaced at the effective time of the acquisition:

	Twenty-Six Weeks Ended
	8/4/13
Weighted average risk-free interest rate	0.24		%
Weighted average expected option term (in years)	1.70
Weighted average Company volatility	29.40		%
Expected annual dividends per share	$	0.15
Weighted average grant date fair value per option	$	40.60

Service-based stock option activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Options	Weighted Average Price Per Option
Outstanding at February 3, 2013	1,958	$	44.17
Replacement of Warnaco awards	443	86.26
Granted	182	117.03
Exercised	381	64.43
Cancelled	12	93.60
Outstanding at August 4, 2013	2,190	$	54.95
Exercisable at August 4, 2013	1,511	$	42.83

RSUs granted to employees, with the exception of the Warnaco employee replacement awards, generally vest in three annual installments of 25%, 25% and 50% commencing two years after the date of grant. Service-based RSUs granted to non-employee directors vest in four equal annual installments commencing one year after the date of grant for awards granted prior to 2010 and vest in full one year after the date of grant for awards granted during or after 2010. The underlying RSU award agreements (excluding agreements for non-employee director awards made during or after 2010) generally provide for accelerated vesting upon the award recipient’s retirement (as defined in the 2006 Plan). The fair value of service-based RSUs, with the exception of the Warnaco employee replacement awards, is equal to the closing price of the Company’s common stock on the date of grant and is expensed, net of estimated forfeitures, on a straight-line basis over the RSUs’ vesting periods.

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RSU activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	RSUs	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	660	$	62.24
Replacement of Warnaco awards	120	120.72
Granted	234	119.06
Vested	244	61.24
Cancelled	24	79.78
Non-vested at August 4, 2013	746	$	89.25

The Company’s restricted stock awards consist solely of awards to Warnaco employees that were replaced with the Company’s restricted stock as of the effective time of the acquisition. The fair value of restricted stock with respect to awards for which the vesting period had not lapsed as of the acquisition date was equal to the closing price of the Company’s common stock on February 12, 2013 and is expensed, net of forfeitures, on a straight-line basis over the vesting period.

Restricted stock activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Restricted Stock	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	—	$	—
Replacement of Warnaco awards	271	120.72
Granted	—	—
Vested	174	120.72
Cancelled	8	120.72
Non-vested at August 4, 2013	89	$	120.72

The Company granted contingently issuable performance share units to certain of the Company’s senior executives during the first quarter of each of 2012 and 2013 subject to a performance period of two years and a service period of one year beyond the performance period. The Company granted contingently issuable performance share units to certain of the Company’s executives during the second quarter of each of 2010 and 2013 subject to performance periods of three years each. The holders of the awards granted on May 6, 2010 that were subject to a performance period of three years earned an aggregate of 498 shares as a result of the Company’s performance during such three-year period. For the awards granted in the second quarter of 2013, the final number of shares that will be earned, if any, is contingent upon the Company’s achievement of goals for the performance period, of which 50 percent is based upon the Company’s absolute stock price growth during the performance period and 50 percent is based upon the Company’s total shareholder return during the performance period relative to other companies included in the S&P 500 as of the date of grant. For the awards granted in the first quarter of each of 2012 and 2013, the final number of shares that will be earned, if any, is contingent upon the Company’s achievement of goals for each of the performance periods based on both earnings per share growth and return on equity for the awards granted in the first quarter of 2012 and earnings per share growth for the awards granted in the first quarter of 2013 during the applicable performance cycle.

For the contingently issuable performance share units granted prior to the second quarter of 2013, the Company records expense ratably over each applicable vesting period based on fair value and the Company’s current expectations of the probable number of shares that will ultimately be issued. The fair value of these contingently issuable performance share units is equal to the closing price of the Company’s common stock on the date of grant, reduced for the present value of any dividends expected to be paid on the Company’s common stock during the performance cycle, as these contingently issuable performance share units do not accrue dividends prior to the completion of the performance cycle.

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For the contingently issuable performance share units granted during the second quarter of 2013, because the awards are subject to market conditions, the Company records expense ratably over the vesting period, net of estimated forfeitures, regardless of whether the market condition is satisfied. The fair value of such awards was established on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:

	Twenty-Six Weeks Ended
	8/4/13
Risk-free interest rate	0.34		%
Expected Company volatility	38.67		%
Expected annual dividends per share	$	0.15
Grant date fair value per performance share unit	$	123.27

Performance share unit activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Performance Shares	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	594	$	57.08
Granted	920	122.57
Vested	498	51.07
Cancelled	36	122.45
Non-vested at August 4, 2013	980	$	119.26

The Company receives a tax deduction for certain transactions associated with its stock plan awards. The actual income tax benefits realized from these transactions for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012 were $45,554 and $12,606, respectively. Of those amounts, $15,091 and $7,082, respectively, were reported as excess tax benefits. Excess tax benefits arise when the actual tax benefit resulting from a stock plan award transaction exceeds the tax benefit associated with the grant date fair value of the related stock award. The Company recognizes these excess tax benefits in additional paid in capital only if an incremental tax benefit would be realized after considering all other tax benefits presently available to the Company.

13. ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the changes in AOCI (net of tax) by component for the twenty-six weeks endedAugust 4, 2013:

	Foreign currency translation adjustments			Retirement liability adjustment			Net unrealized and realized (loss) gain on effective hedges			Total
Balance at February 3, 2013	$	153,648		$	1,552		$	(15,318	)	$	139,882
Other comprehensive (loss) income before reclassifications	(149,019		)	—			9,503			(139,516		)
Less: Amounts reclassified from AOCI	—			271			(11		)	260
Other comprehensive (loss) income	(149,019		)	(271		)	9,514			(139,776		)
Balance at August 4, 2013	$	4,629		$	1,281		$	(5,804	)	$	106

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The following table presents reclassifications out of AOCI to earnings:

	Amount Reclassified from AOCI						Affected Line Item in the Consolidated Income Statements
	Thirteen Weeks Ended 8/4/13			Twenty-Six Weeks Ended 8/4/13
Realized (loss) gain on effective hedges
Foreign currency forward exchange contracts	$	(280	)	$	2,901		Cost of goods sold
Interest rate contracts	(1,023		)	(2,177		)	Interest expense
Less: Tax effect	(391		)	735			Income tax expense
Total, net of tax	$	(912	)	$	(11	)
Amortization of retirement liability items
Prior service credit	$	219		$	439		Selling, general and administrative expenses
Less: Tax effect	84			168			Income tax expense
Total, net of tax	$	135		$	271

14. STOCKHOLDERS’ EQUITY

Common Stock Issuance

On February 13, 2013, the Company issued 7,674 shares of its common stock, par value $1.00 per share, as part of the consideration paid to the former stockholders of Warnaco in connection with the acquisition.

Series A Convertible Preferred Stock Issuance and Conversion

In 2010, the Company sold 8 shares of Series A convertible preferred stock for net proceeds of $188,595 after related fees and expenses. During the first quarter of 2012, one of the holders of Series A convertible preferred stock converted an aggregate of $94,297 of the Series A convertible preferred stock, or 4 shares, into 2,095 shares of the Company’s common stock. The remaining shares of Series A convertible preferred stock were converted into the Company’s common stock during the fourth quarter of 2012. Holders of the Series A convertible preferred stock were entitled to vote and participate in dividends with the holders of the Company’s common stock on an as-converted basis. Due to the conversions of such stock, there were no outstanding shares of the Company’s Series A convertible preferred stock during the twenty-six weeks ended August 4, 2013. On May 2, 2013, the Company filed with the Secretary of State of the State of Delaware a certificate eliminating the Series A convertible preferred stock.

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15. ACTIVITY EXIT COSTS

Warnaco Integration Costs

In connection with the Company’s acquisition of Warnaco during the first quarter of 2013 and the related integration, the Company incurred certain costs related to severance and termination benefits, inventory liquidations and lease/contract terminations. Such costs were as follows:

	Total Expected to be Incurred		Incurred During the Thirteen Weeks Ended 8/4/13		Incurred During the Twenty-Six Weeks Ended 8/4/13		Liability at 8/4/13
Severance, termination benefits and other costs	$	175,000	$	40,839	$	97,952	$	44,130
Inventory liquidation costs	30,000		—		30,000		5,035
Lease/contract termination and related costs	50,000		3,289		3,880		1,373
Total	$	255,000	$	44,128	$	131,832	$	50,538

Of the charges for severance, termination benefits and lease/contract termination and other costs incurred during the twenty-six weeks endedAugust 4, 2013, $23,544 relate to selling, general and administrative expenses of the Calvin Klein North America segment, $39,733 relate to selling, general and administrative expenses of the Calvin Klein International segment, $12,463 relate to selling, general and administrative expenses of the Heritage Brands Wholesale segment and $26,092 relate to corporate expenses not allocated to any reportable segment. The liabilities at August 4, 2013 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets. The remaining charges for severance and termination benefits and lease/contract termination and other costs expected to be incurred relate principally to the aforementioned segments and corporate expenses not allocated to any reportable segment. Inventory liquidation costs incurred during the twenty-six weeks ended August 4, 2013 were included in net sales of the Company’s Calvin Klein International segment. (See Note 18, “Segment Data.”)

Tommy Hilfiger Integration and Exit Costs

In connection with the Company’s acquisition and integration of Tommy Hilfiger and the related restructuring, the Company incurred certain costs related to severance and termination benefits, long-lived asset impairments, inventory liquidations and lease/contract terminations, including costs associated with the exit of certain Tommy Hilfiger product categories. All expected costs related to this acquisition and integration and the related restructuring were incurred by the end of 2012.

Liabilities for severance and termination benefits and lease/contract termination costs recorded in connection with the acquisition and integration of Tommy Hilfiger and the related restructuring were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:

	Liability at 2/3/13		Costs Incurred During the Twenty-Six Weeks Ended 8/4/13		Costs Paid During the Twenty-Six Weeks Ended 8/4/13		Liability at 8/4/13
Severance, termination benefits and other costs	$	763	$	—	$	422	$	341
Lease/contract termination and related costs	2,013		—		847		1,166
Total	$	2,776	$	—	$	1,269	$	1,507

16. NET (LOSS) INCOME PER COMMON SHARE

In 2012, the Company utilized the two-class method of calculating basic net (loss) income per common share, as holders of the Company’s Series A convertible preferred stock participated in dividends with holders of the Company’s common stock prior to the conversion in 2012 of such convertible preferred stock into common stock. Net losses were not allocated to holders of the Series A convertible preferred stock.

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

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Net (loss) income attributable to PVH Corp.	$	(15,996	)	$	89,918		$	(36,048	)	$	185,394
Less:
Common stock dividends paid to holders of Series A convertible preferred stock	—			—			—			(209		)
Allocation of income to Series A convertible preferred stock	—			(2,591		)	—			(6,936		)
Net (loss) income available to common stockholders for basic net (loss) income per common share	(15,996		)	87,327			(36,048		)	178,249
Add back:
Common stock dividends paid to holders of Series A convertible preferred stock	—			—			—			209
Allocation of income to Series A convertible preferred stock	—			2,591			—			6,936
Net (loss) income available to common stockholders for diluted net (loss) income per common share	$	(15,996	)	$	89,918		$	(36,048	)	$	185,394
Weighted average common shares outstanding for basic net (loss) income per common share	81,337			70,403			80,653			69,471
Weighted average impact of dilutive securities	—			1,105			—			1,346
Weighted average impact of assumed convertible preferred stock conversion	—			2,095			—			2,785
Total shares for diluted net (loss) income per common share	81,337			73,603			80,653			73,602
Basic net (loss) income per common share attributable to PVH Corp.	$	(0.20	)	$	1.24		$	(0.45	)	$	2.57
Diluted net (loss) income per common share attributable to PVH Corp.	$	(0.20	)	$	1.22		$	(0.45	)	$	2.52

Potentially dilutive securities excluded from the calculation of diluted net (loss) income per common share were as follows:

	Thirteen Weeks Ended		Twenty-Six Weeks Ended
	8/4/13	7/29/12	8/4/13	7/29/12
Weighted average potentially dilutive securities	3,913	466	3,799	360

Contingently issuable shares that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net (loss) income per common share for that period. The Company had contingently issuable awards outstanding that did not meet the performance conditions as of August 4, 2013 and July 29, 2012 and, therefore, were excluded from the calculation of diluted net (loss) income per common share for the thirteen and twenty-six weeks endedAugust 4, 2013 and July 29, 2012. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 189 and 678 as of August 4, 2013 and July 29, 2012, respectively. These amounts were also excluded from the computation of weighted average antidilutive securities.

17. NONCASH INVESTING AND FINANCING TRANSACTIONS

During the twenty-six weeks endedAugust 4, 2013 and July 29, 2012, the Company recorded increases to goodwill of $22,722 and $22,226, respectively, related to liabilities incurred for contingent purchase price payments to Mr. Calvin Klein. Such amounts are not due or paid in cash until 45 days subsequent to the Company’s applicable quarter end. As such, during the twenty-six weeks endedAugust 4, 2013 and July 29, 2012, the Company paid $26,734 and $25,749, respectively, in cash related to contingent purchase price payments to Mr. Calvin Klein that were recorded as additions to goodwill during the periods the liabilities were incurred.

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During the first quarter of 2013, the Company issued 7,674 shares of its common stock, par value $1.00 per share (of which 416 shares were issued from treasury stock), as part of the consideration paid to the former stockholders of Warnaco in connection with the acquisition, which resulted in an increase in common stock of $7,258, an increase in additional paid in capital of $888,925 and a decrease in treasury stock of $30,269. In addition, the Company issued awards valued at $39,752 to replace outstanding stock awards made by Warnaco to its employees, which for accounting purposes are included in the total acquisition consideration. Also included in the acquisition consideration was the elimination of a $9,128 pre-acquisition liability to Warnaco.

During the first quarter of 2013, the Company recorded a loss of $5,757 to write-off previously capitalized debt issuance costs in connection with the modification and extinguishment of its previously outstanding senior secured credit facilities.

During the first quarter of 2012, one of the holders of the Company’s Series A convertible preferred stock converted an aggregate of 4 shares into 2,095 shares of the Company’s common stock, resulting in a decrease in Series A convertible preferred stock of $94,297, an increase in common stock of $2,095, and an increase in additional paid in capital of $92,202. The remaining shares of Series A convertible preferred stock were converted into the Company’s common stock during the fourth quarter of 2012. Please see Note 14, “Stockholders’ Equity.”

Omitted from purchases of property, plant and equipment in the Consolidated Statement of Cash Flows for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012 are $2,663 and $13,480, respectively, of assets acquired through capital leases.

18. SEGMENT DATA

The acquisition of Warnaco significantly impacted the way the Company and its chief operating decision maker manage and analyze its operating results. As such, the Company changed its reportable segments beginning with the first quarter of 2013. Prior year periods have been restated in order to present that information on a basis consistent with the current year.

The Company manages its operations through its operating divisions, which are presented as six reportable segments: (i) Calvin Klein North America; (ii) Calvin Klein International; (iii) Tommy Hilfiger North America; (iv) Tommy Hilfiger International; (v) Heritage Brands Wholesale; and (vi) Heritage Brands Retail.

Calvin Klein North America segment - This segment consists of the Company’s Calvin Klein North America division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale in North America, primarily to department, mid-tier department and specialty stores; (ii) operating retail stores, which are primarily located in outlet centers, and an e-commerce website for North American customers, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the brand names Calvin Klein Collection, ck Calvin Klein (in the process of being changed to Calvin Klein on a platinum label) and Calvin Klein for a broad array of products and retail services in North America.

Calvin Klein International segment - This segment consists of the Company’s Calvin Klein International division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale principally in Europe, Asia and Brazil, primarily to department and specialty stores and franchise operators of Calvin Klein stores, and through distributors; (ii) operating retail stores in Europe, Asia and Brazil, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the brand names Calvin Klein Collection, ck Calvin Klein (in the process of being changed to Calvin Klein on a platinum label) and Calvin Klein for a broad array of products and retail services outside of North America.

Tommy Hilfiger North America segment - This segment consists of the Company’s Tommy Hilfiger North America division. This segment derives revenue principally from (i) marketing Tommy Hilfiger branded apparel and related products at wholesale in North America, primarily to department stores, principally Macy’s; and (ii) operating retail stores and an e-commerce website for North American customers, which sell Tommy Hilfiger branded apparel, accessories and related products. This segment also derives revenue from licensing and similar arrangements relating to the use by third parties of the Tommy Hilfiger brand name for a broad array of products in North America.

Tommy Hilfiger International segment - This segment consists of the Company’s Tommy Hilfiger International division. This segment derives revenue principally from (i) marketing Tommy Hilfiger branded apparel and related products at wholesale principally in Europe, primarily to department and specialty stores and franchise operators of Tommy Hilfiger stores, and through distributors and licensees; and (ii) operating retail stores in Europe and Japan, as well as operating an international e-commerce site, which sell Tommy Hilfiger branded apparel, accessories and related products. This segment also includes the Company’s proportionate share of the net income or loss of its investments in unconsolidated Tommy Hilfiger foreign affiliates.

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This segment also derives revenue from licensing and similar arrangements relating to the use by third parties of the Tommy Hilfiger brand name for a broad array of products outside of North America.

Heritage Brands Wholesale segment - This segment consists of the Company’s heritage brands wholesale division. This segment derives revenue primarily from the marketing to department, mid-tier department and specialty stores in North America of: (i) dress shirts and neckwear under various owned and licensed brand names, including several private label brands; (ii) men’s sportswear under the brand names Van Heusen, IZOD and ARROW; (iii) swimwear, fitness apparel, swim accessories and related products under the brand name Speedo beginning in the first quarter of 2013; and (iv) women’s intimate apparel under the brand names Warner’s and Olga beginning in the first quarter of 2013. This segment also derived revenue through the second quarter of 2012 from marketing men’s sportswear under the brand name Timberland and through the third quarter of 2012 from marketing women’s sportswear under the brand name IZOD.

Heritage Brands Retail segment - This segment consists of the Company’s Heritage Brands retail division. This segment derives revenue principally from operating retail stores, primarily in outlet centers in North America, which sell apparel, footwear, accessories and related products under the brand names Van Heusen, IZOD, Bass and G.H. Bass & Co.

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The following tables present summarized information by segment:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	8/4/13		7/29/12		8/4/13				7/29/12
Revenue – Calvin Klein North America
Net sales	$	332,119	$	150,546	$	625,459			$	312,520
Royalty revenue	22,610		28,891		48,026				60,199
Advertising and other revenue	8,024		14,201		16,719				26,075
Total	362,753		193,638		690,204				398,794
Revenue – Calvin Klein International
Net sales	286,152		12,124		541,340		(1	)	21,869
Royalty revenue	15,796		30,355		34,149				64,520
Advertising and other revenue	5,884		15,114		12,750				28,167
Total	307,832		57,593		588,239				114,556
Revenue – Tommy Hilfiger North America
Net sales	357,081		324,482		694,757				623,462
Royalty revenue	6,034		5,101		12,524				9,625
Advertising and other revenue	1,748		2,285		4,206				3,972
Total	364,863		331,868		711,487				637,059
Revenue – Tommy Hilfiger International
Net sales	420,485		375,495		872,271				829,345
Royalty revenue	12,810		13,078		24,563				23,358
Advertising and other revenue	1,138		1,465		2,352				2,509
Total	434,433		390,038		899,186				855,212
Revenue – Heritage Brands Wholesale
Net sales	328,540		183,500		683,109				437,618
Royalty revenue	4,158		3,859		8,150				7,839
Advertising and other revenue	762		1,189		1,366				2,357
Total	333,460		188,548		692,625				447,814
Revenue – Heritage Brands Retail
Net sales	160,062		173,473		290,548				307,655
Royalty revenue	1,153		1,229		2,216				2,432
Advertising and other revenue	291		236		502				507
Total	161,506		174,938		293,266				310,594
Total Revenue
Net sales	1,884,439		1,219,620		3,707,484				2,532,469
Royalty revenue	62,561		82,513		129,628				167,973
Advertising and other revenue	17,847		34,490		37,895				63,587
Total	$	1,964,847	$	1,336,623	$	3,875,007			$	2,764,029

⁽¹⁾  Includes $30,000 of sales returns for certain Warnaco wholesale customers in Asia in connection with the Company’s initiative to reduce excess inventory levels.

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	Thirteen Weeks Ended								Twenty-Six Weeks Ended
	8/4/13				7/29/12				8/4/13				7/29/12
Income before interest and taxes – Calvin Klein North America	$	39,496		(2)	$	36,412			$	51,934		(3)	$	72,490
(Loss) income before interest and taxes – Calvin Klein International	(56,878		)	(2)	23,777				(105,032		)	(3)	46,003
Income before interest and taxes – Tommy Hilfiger North America	61,960				52,636				107,970				81,513			(6)
Income before interest and taxes – Tommy Hilfiger International	37,859				41,113			(5)	110,001				114,593			(6)
Income before interest and taxes – Heritage Brands Wholesale	29,149			(2)	13,797				57,504			(3)	34,037
Income (loss) before interest and taxes – Heritage Brands Retail	4,013				9,306				(2,790		)		6,710
Loss before interest and taxes – Corporate(1)	(42,166		)	(2)	(23,787		)	(5)	(139,369		)	(3)(4)	(46,010		)	(6)
Income before interest and taxes	$	73,433			$	153,254			$	80,218			$	309,336

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

⁽²⁾  Income (loss) before interest and taxes for the thirteen weeks endedAugust 4, 2013 includes costs of $139,886 associated with the Company’s acquisition and integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $27,632 in Calvin Klein North America; $85,008 in Calvin Klein International; $11,247 in Heritage Brands Wholesale and $15,999 in corporate expenses not allocated to any reportable segments.

⁽³⁾  Income (loss) before interest and taxes for the twenty-six weeks endedAugust 4, 2013 includes costs of $333,993 associated with the Company’s acquisition and integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $68,734 in Calvin Klein North America; $185,468 in Calvin Klein International; $28,770 in Heritage Brands Wholesale and $51,021 in corporate expenses not allocated to any reportable segments.

⁽⁴⁾  Loss before interest and taxes for the twenty-six weeks endedAugust 4, 2013 includes costs of $40,395 associated with the Company’s debt modification and extinguishment. Please refer to Note 8, “Debt,” for a further discussion.

⁽⁵⁾  Income (loss) before interest and taxes for the thirteen weeks ended July 29, 2012 includes costs of $4,541 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows: $3,497 in Tommy Hilfiger International and $1,044 in corporate expenses not allocated to any reportable segments.

⁽⁶⁾  Income (loss) before interest and taxes for the twenty-six weeks ended July 29, 2012 includes costs of $7,857 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows: $379 in Tommy Hilfiger North America; $3,497 in Tommy Hilfiger International and $3,981 in corporate expenses not allocated to any reportable segments.

Intersegment transactions consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment and the Calvin Klein North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage is eliminated principally in the Heritage Brands Retail segment and the Calvin Klein North America segment.

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The following table presents the Company’s total assets by segment:

Identifiable Assets	8/4/13		2/3/13		7/29/12
Calvin Klein North America	$	1,907,589	$	752,029	$	719,391
Calvin Klein International	3,182,654		584,860		578,037
Tommy Hilfiger North America	1,220,896		1,137,404		1,139,287
Tommy Hilfiger International	3,209,996		3,278,813		2,981,087
Heritage Brands Wholesale	1,370,895		555,544		568,847
Heritage Brands Retail	206,313		175,717		185,756
Corporate(1)	416,403		1,297,182		559,083
Total	$	11,514,746	$	7,781,549	$	6,731,488

⁽¹⁾ Corporate at February 3, 2013 included $700,000 of cash that arose from senior notes that were issued to fund a portion of the consideration for the Warnaco acquisition.

19. GUARANTEES

The Company guaranteed to a landlord the payment of rent and related costs by the tenant currently occupying space previously leased by the Company. The maximum amount guaranteed as of August 4, 2013 is approximately $3,600, which is subject to exchange rate fluctuation. The Company has the right to seek recourse of approximately $2,300 as of August 4, 2013, which is subject to exchange rate fluctuation. The guarantee expires on May 19, 2016.

The Company has certain other guarantees whereby it guaranteed the payment of amounts on behalf of certain other parties, none of which are material individually or in the aggregate.

20. RECENT ACCOUNTING GUIDANCE

The FASB issued in February 2013 guidance that requires an entity to provide information about significant amounts reclassified out of AOCI. For amounts that are required to be reclassified in their entirety to net income in the same reporting period, an entity must report the amounts by component and their corresponding effect on the respective line items of net income. Such information is required to be presented either on the face of the financial statements or as a separate disclosure in the footnotes to the financial statements. For other amounts that are not required to be reclassified to net income in their entirety, an entity is required to cross-reference to other disclosures. The Company adopted this guidance during the first quarter of 2013 and elected to present a separate disclosure in the Notes to Consolidated Financial Statements. The adoption did not have any impact on the Company’s consolidated results of operations or financial position.

The FASB issued in March 2013 guidance that requires an entity to release any related cumulative translation adjustment into net income when it ceases to have a controlling financial interest in a subsidiary that is a foreign entity if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity. For an equity method investment that is a foreign entity, a pro rata portion of the cumulative translation adjustment related to the investment should be released into net income upon a partial sale of such investment. This guidance becomes effective for the Company in the first quarter of 2014. The adoption is not expected to have a material impact on the Company’s consolidated results of operations or financial position.

The FASB issued in July 2013 guidance that requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, to the extent (i) a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or (ii) the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This guidance becomes effective prospectively for the Company in the first quarter of 2014. The adoption is not expected to have any impact on the Company’s consolidated results of operations or financial position.

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

References to the brand names Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, G.H. Bass & Co., Warner’s, Olga and Speedo and to other brand names are to registered trademarks owned by us or licensed to us by third parties and are identified by italicizing the brand name.

References to the acquisition of Warnaco refer to our February 13, 2013 acquisition of The Warnaco Group, Inc. and its subsidiaries, which we refer to collectively as “Warnaco.”

References to the acquisition of Tommy Hilfiger refer to our May 6, 2010 acquisition of Tommy Hilfiger B.V. and certain affiliated companies, which we refer to collectively as “Tommy Hilfiger.”

OVERVIEW

The following discussion and analysis is intended to help you understand us, our operations and our financial performance. It should be read in conjunction with our consolidated financial statements and the accompanying notes, which are included in the immediately preceding item of this report.

We are one of the largest branded apparel companies in the world, with a heritage dating back over 130 years. Our brand portfolio consists of nationally and internationally recognized brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Speedo (licensed for North America and the Caribbean in perpetuity from Speedo International, Ltd), Warner’s, Olga and G.H. Bass & Co. In addition, we license brands for dress shirts and neckwear offered in the United States and Canada. We market our brands at multiple price points and across multiple channels of distribution and geographies, which allows us to provide products to a broad range of consumers, while minimizing competition among our brands and reducing reliance on any one demographic group, merchandise preference, price point, distribution channel or geography. Our internationally renowned designer lifestyle brands, Calvin Klein and Tommy Hilfiger, offer additional geographic distribution channel and price point opportunities as compared to our heritage brands.

We acquired Warnaco on February 13, 2013 for total consideration of $3.137 billion, consisting of $2.180 billion paid in cash, the issuance of approximately 8 million shares of our common stock (valued at $926 million), the issuance of stock awards valued at $40 million to replace outstanding stock awards made by Warnaco to its employees and the elimination of a $9 million pre-acquisition liability to Warnaco. We funded the cash portion and related costs of the acquisition, repaid all outstanding borrowings under our previously outstanding senior secured credit facilities and repaid all of Warnaco’s previously outstanding long-term debt with the net proceeds of (i) an offering during the fourth quarter of 2012 of $700 million of 4 1/2% senior notes due 2022; and (ii) $3.075 billion of term loans borrowed during the first quarter of 2013 under new senior secured credit facilities. These items are more fully described in the section entitled “Liquidity and Capital Resources” below.

Warnaco designs, sources, markets and distributes a broad line of intimate apparel, sportswear and swim products worldwide. Warnaco’s products are sold under the highly-recognized Calvin Klein, Speedo, Warner’s and Olga brand names and are distributed domestically and internationally, through all major channels of distribution. Prior to the acquisition, Warnaco was our largest licensee for Calvin Klein products. By reuniting the Calvin Klein brand under one owner, we have complete direct global control of the brand image and commercial decisions for the two largest Calvin Klein apparel categories — jeanswear and underwear. The acquisition takes advantage of our and Warnaco’s complementary geographic operations. Warnaco’s operations in Asia and Latin America should enhance our opportunities in those high-growth regions, and we will have the ability to leverage our expertise and infrastructure in North America and Europe to enhance the growth and profitability of the Calvin Klein jeanswear and underwear businesses in those regions. The acquisition also added the Speedo, Warner’s and Olga brands into our Heritage Brands portfolio. With a diversified brand portfolio and strong operations in every major consumer market around the world, our business is better balanced across geographies, channels of distribution, product categories and price points, and our opportunity to realize revenue growth and enhanced profitability has been expanded. We also believe the Warnaco acquisition created significant opportunities to achieve synergies, principally with respect to certain corporate functions and duplicative brand management functions in North America and Europe. We expect to realize the synergies in full gradually through the end of 2016.

OPERATIONS OVERVIEW

We generate net sales from (i) the wholesale distribution to retailers, franchisees, licensees and distributors of men’s dress shirts, neckwear and underwear, men’s and women’s sportswear, women’s intimate apparel, swim products, footwear, accessories and related products under owned and licensed trademarks; and (ii) the sale through approximately 1,500 company-operated free-standing retail store locations worldwide under our Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD and Bass

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trademarks, and approximately 1,500 company-operated concessions/shop-in-shops worldwide under our Calvin Klein and Tommy Hilfiger trademarks, of apparel, footwear, accessories and other products.

We generate royalty, advertising and other revenue from fees for licensing the use of our trademarks. A substantial portion of our Calvin Klein licensing revenue was generated from Warnaco prior to the acquisition and, therefore, our royalty, advertising and other revenue decreased significantly in the first half of 2013 as compared to prior periods (and will continue to do so for the remainder of the year).

We recorded pre-tax charges of $46 million during 2012 associated with the Warnaco acquisition. We recorded pre-tax charges in the first half of 2013 in connection with the acquisition, integration, restructuring and debt modification and extinguishment that totaled $375 million. This amount included non-cash charges of $208 million, principally related to short-lived valuation adjustments and amortization and debt modification and extinguishment costs. We expect to incur total pre-tax charges of approximately $500 million during 2013 in connection with the integration and related restructuring, which includes expected non-cash charges of approximately $250 million, principally related to short-lived valuation adjustments and amortization and debt modification and extinguishment costs. Our future results of operations will be significantly impacted by this acquisition, particularly through the operations of the Calvin Klein business and through the changes in our capital structure that were necessary to complete the acquisition, as more fully discussed below.

The acquisition of Warnaco has significantly impacted the way we manage and analyze our operating results. As such, beginning with the first quarter of 2013, we have the following six reportable segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale and Heritage Brands Retail. Please refer to Note 18, “Segment Data,” in the Notes to Consolidated Financial Statements included in Part 1, Item 1 of this report for a further discussion.

During the fourth quarter of 2012, we changed our method of accounting for our pension and other postretirement plans. As part of this change, we elected to begin immediately recognizing actuarial gains and losses in our operating results in the year in which they occur. We applied this change retrospectively, adjusting all prior periods.

We acquired Tommy Hilfiger in the second quarter of 2010. We incurred pre-tax charges of $8 million in the first half of 2012 in connection with the integration of Tommy Hilfiger and the related restructuring.

RESULTS OF OPERATIONS

Due to the 53rd week in 2012, comparable store sales for the thirteen and twenty-six weeks ended August 4, 2013 are more appropriately compared with the thirteen and twenty-six week periods ended August 5, 2012. All comparable store sales discussed below are presented on this shifted basis.

Thirteen Weeks Ended August 4, 2013 Compared With Thirteen Weeks Ended July 29, 2012

Total Revenue

Net sales in the second quarter of 2013 were $1.884 billion as compared to $1.220 billion in the second quarter of the prior year. The increase in net sales of $665 million was due principally to the net effect of the following items:

• The aggregate addition of $456 million of net sales in our Calvin Klein North America and Calvin Klein International segments. The newly-acquired Calvin Klein businesses contributed $411 million of this increase. In addition, comparable store sales within our Calvin Klein North America retail business increased 6%, while our pre-acquisition Calvin Klein North America wholesale sportswear business experienced strong double-digit growth. Comparable store sales within the Calvin Klein International segment (which relate to newly acquired businesses) decreased 1%. The Calvin Klein businesses in China and Brazil continued to exhibit strong momentum, and the Korea business showed some improvement over first quarter trends. The Calvin Klein European business remained under pressure, as the jeans business is in transition and continues to be weak in Spain and Italy, where it is primarily concentrated. In addition, wholesale revenue in Europe decreased as we continued to rationalize our wholesale distribution to focus on accounts that we view as brand-enhancing and more creditworthy.

• The aggregate addition of $78 million of net sales attributable to growth in our Tommy Hilfiger North America and Tommy Hilfiger International segments. Within the Tommy Hilfiger North America segment, net sales increased 10%, principally driven by retail comparable store sales growth of 7% and retail square footage expansion. Net sales in the

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Tommy Hilfiger International segment increased 12% as compared to the prior year’s second quarter driven by a double-digit increase in the European wholesale business and European retail comparable store sales growth of 6% and retail square footage expansion. These increases were partially offset by a revenue decline in Japan, where our efforts to strategically reposition the brand are continuing.

• The aggregate addition of $132 million of net sales in our Heritage Brands Wholesale and Heritage Brands Retail segments, driven by the net impact of: (i) the addition of $131 million of net sales in our Heritage Brands Wholesale segment attributed to Warnaco’s Speedo swim product and Warner’s and Olga women’s intimate apparel businesses; (ii) strength in the wholesale dress furnishings and Van Heusen and Izod men’s wholesale sportswear businesses; (iii) a 10% decrease in retail comparable store sales due in large part to the continued soft performance of the Bass retail business; and (iv) a negative impact of $8 million resulting from the 2012 exit from the Izod women’s and Timberland wholesale sportswear businesses.

Royalty, advertising and other revenue in the second quarter of 2013 decreased to $80 million from $117 million in the prior year’s second quarter due principally to the absence in 2013 of Warnaco royalty revenue subsequent to the acquisition date, as discussed above, combined with the expiration of a long-term contractual agreement related to royalties in the North American women’s sportswear business. Partially offsetting these decreases was growth in Calvin Klein royalty, advertising and other revenue due to continued strength in women’s sportswear, handbags and accessories, as well as suits and footwear.

Gross Profit on Total Revenue

Gross profit on total revenue is calculated as total revenue less cost of goods sold. Included as cost of goods sold are costs associated with the production and procurement of product, including inbound freight costs, purchasing and receiving costs, inspection costs and other product procurement related charges. All of our royalty, advertising and other revenue is included in gross profit because there is no cost of goods sold associated with such revenue. As a result, our gross profit may not be comparable to that of other entities.

Gross profit on total revenue in the second quarter of 2013 was $1,026 million, or 52.2% of total revenue, compared with $743 million, or 55.6% of total revenue in the second quarter of the prior year. This 340 basis point decrease was primarily due to the impact of the Warnaco acquisition, as (i) we recorded short-lived non-cash valuation adjustments in connection with the acquisition, which resulted in a decrease of approximately 90 basis points; (ii) our royalty, advertising and other revenue, which does not carry a cost of sales and has a gross profit percentage of 100%, significantly decreased for Calvin Klein and was replaced by the directly-operated acquired Calvin Klein jeans and underwear businesses, which do carry a cost of sales and have a large United States wholesale component (which generally operates at lower gross margins than our other businesses); and (iii) the acquired Speedo swim product and Warner’s and Olga women’sintimate apparel businesses principally operate in the United States and generate lower gross margins than our other businesses. Also negatively impacting gross profit on total revenue during the quarter was a reduction in the Tommy Hilfiger International segment due to underperformance in Japan and gross margin pressure experienced during the quarter in Europe. In addition, the Heritage Brands Retail segment experienced a significant gross margin decline as a result of higher promotional selling during the second quarter. Partially offsetting these declines was an increase in gross margin related to the pre-acquisition Calvin Klein North America businesses resulting principally from higher average unit retail selling prices.

Selling, General and Administrative (“SG&A”) Expenses

SG&A expenses in the second quarter of 2013 were $953 million, or 48.5% of total revenue, as compared to $589 million, or 44.1% of total revenue, in the second quarter of the prior year. The 440 basis point expansion in SG&A expenses as a percentage of total revenue was due principally to the net impact of (i) a 630 basis point increase due to Warnaco acquisition, integration and restructuring costs, of which 300 basis points were non-cash charges, principally related to short-lived valuation adjustments and amortization; partially offset by (ii) a decrease due to the addition of Warnaco’s businesses, most of which are lower-expense wholesale businesses.

Equity in Income (Loss) of Unconsolidated Affiliates, Net

The equity in income of unconsolidated affiliates, net in the second quarter of 2013 was $813,000, as compared to a loss of $(74,000) in the second quarter of the prior year. These amounts relate to our share of income (loss) from our joint ventures for the Tommy Hilfiger brand in China, India and Brazil. Our investments in these joint ventures are being accounted for under the equity method of accounting. Please refer to Note 4, “Investments in Unconsolidated Affiliates,” in the Notes to Consolidated Financial Statements included in Part 1, Item 1 of this report for a further discussion.

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Interest Expense and Interest Income

Interest expense increased to $49 million in the second quarter of 2013 from $29 million in the second quarter of the prior year due principally to interest expense incurred on the term loans borrowed under new senior secured credit facilities and on the $700 million of 4 1/2% senior notes due 2022. Please see the section entitled “Financing Arrangements” within “Liquidity and Capital Resources” below for a further discussion. Interest income for the second quarter of 2013 increased to $2 million as compared to $197,000 in the second quarter of 2012, due principally to an increase in our average cash position during the period.

Income Taxes

The effective tax rates for the second quarters of 2013 and 2012 were 161.1% and 28.0%, respectively. The effective income tax rate for the second quarter of 2013 increased as compared to the second quarter effective income tax rate of the prior year, and was also higher than the United States statutory rate, due to non-recurring discrete items related to the Warnaco integration and state and local taxes, partially offset by the benefit of the overall lower tax rates in international jurisdictions where we file tax returns.

The effective tax rate for the second quarter of 2012 was lower than the United States statutory rate due to the benefit of the overall lower tax rates in international jurisdictions where we file tax returns, as well as the continuation of tax synergies resulting from the Tommy Hilfiger acquisition, partially offset by state and local taxes.

Redeemable Non-Controlling Interest

As a result of the acquisition of Warnaco, we own a 51% interest in a joint venture in India, Premium Garments Wholesale Trading Private Limited (“CK India”), that is consolidated in our financial statements. The net income attributable to the redeemable non-controlling interest was $87,000 for the second quarter of 2013. Please refer to Note 5, “Redeemable Non-Controlling Interest,” in the Notes to Consolidated Financial Statements included in Part 1, Item 1 of this report for a further discussion.

Twenty-Six Weeks Ended August 4, 2013 Compared With Twenty-Six Weeks Ended July 29, 2012

Total Revenue

Net sales in the twenty-six weeks ended August 4, 2013 were $3.707 billion as compared to $2.532 billion in the twenty-six week period of the prior year. The increase in net sales of $1.175 billion was due principally to the net effect of the following items:

• The aggregate addition of $832 million of net sales in our Calvin Klein North America and Calvin Klein International segments. The newly acquired Calvin Klein businesses contributed $807 million of this increase. In addition, our Calvin Klein North America retail business experienced a 5% increase in comparable store sales and our pre-acquisition Calvin Klein North America wholesale sportswear business had a double-digit increase in net sales. With respect to the Warnaco Calvin Klein jeans and underwear businesses, strength in China and Latin America was partially offset by continued weakness in Korea. The Calvin Klein European business remained under pressure, as the jeans business is in transition and continues to be weak in Spain and Italy, where it is primarily concentrated. Wholesale revenue in Europe decreased as we continued to rationalize our wholesale distribution to focus on accounts that we view as brand-enhancing and more creditworthy. In addition, net sales in the Calvin Klein International segment in the current year include a reduction of $30 million due to sales returns for certain Warnaco wholesale customers in Asia in connection with an initiative to reduce excess inventory levels.

• The aggregate addition of $114 million of net sales attributable to growth in our Tommy Hilfiger North America and Tommy Hilfiger International segments. Within the Tommy Hilfiger North America segment, net sales increased 11%, principally driven by comparable store sales growth of 6% and retail square footage expansion, combined with strong first quarter performance in the North America wholesale business. Net sales in the Tommy Hilfiger International segment increased 5% as compared to the prior year’s first half, driven by European retail comparable store sales growth of 5% and retail square footage expansion, partially offset by a revenue decline in Japan, where our efforts to strategically reposition the brand are continuing.

• The aggregate addition of $228 million of net sales in our Heritage Brands Wholesale and Heritage Brands Retail segments, driven by the net impact of: (i) the addition of $257 million of net sales in our Heritage Brands Wholesale

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segment attributed to Warnaco’s Speedo swim product and Warner’s and Olga women’s intimate apparel businesses;(ii) strength in the Van Heusen and Izod men’s wholesale sportswear businesses; (iii) a 9% decrease in retail comparable store sales due in large part to the continued weak performance of the Bass retail business and unseasonably cool weather in the Northeast and Midwest during the first quarter of 2013; and (iv) a negative impact of $36 million resulting from the 2012 exit from the Izod women’s and Timberland wholesale sportswear businesses.

Royalty, advertising and other revenue in the twenty-six weeks ended August 4, 2013 decreased to $168 million from $232 million in the prior year’s twenty-six week period due principally to the absence in 2013 of Warnaco royalty revenue subsequent to the acquisition date, as discussed above, combined with the expiration of a long-term contractual agreement related to royalties in the North American women’s sportswear business. Partially offsetting these decreases was growth in Calvin Klein royalty, advertising and other revenue due to strength in women’s sportswear, handbags and accessories, women’s coats, outerwear and suits. Tommy Hilfiger royalty, advertising and other revenue increased $4 million due to growth across virtually all licensed product categories and regions.

We currently expect revenue in 2013 will be approximately $8.22 billion, inclusive of a reduction of $30 million due to sales returns for certain Warnaco wholesale customers in Asia in connection with an initiative to reduce excess inventory levels. Aggregate revenue for our Calvin Klein North America and Calvin Klein International segments in 2013 is projected to be approximately $2.72 billion, inclusive of the above-mentioned $30 million reduction, as compared to the 2012 amount of $1.150 billion. This increase is principally due to the revenue generated by the businesses acquired with Warnaco. Aggregate revenue for our Tommy Hilfiger North America and Tommy Hilfiger International segments in 2013 is expected to be approximately $3.42 billion as compared to the 2012 amount of $3.217 billion. Aggregate revenue for our Heritage Brands Wholesale and Heritage Brands Retail segments in 2013 is projected to be approximately $2.08 billion as compared to the 2012 amount of $1.676 billion. This increase is due principally to the revenue generated by the businesses acquired with Warnaco. The estimates of our revenue include the effects of the loss of Calvin Klein licensing revenue generated from Warnaco, and, as such, the royalty, advertising and other revenue generated by our Calvin Klein licensing business will decrease in 2013 as compared to 2012 due to the acquisition. This will also have a significant impact on our gross profit percentage on total revenue, as more fully discussed below.

Gross Profit on Total Revenue

Gross profit on total revenue in the twenty-six weeks ended August 4, 2013 was $1.978 billion, or 51.0% of total revenue, compared with $1.499 billion, or 54.3% of total revenue in the twenty-six week period of the prior year. This 330 basis point decrease was primarily due to the impact of the Warnaco acquisition, as (i) we recorded short-lived non-cash valuation adjustments in connection with the acquisition, which resulted in a decrease of approximately 130 basis points; (ii) we recorded sales returns for certain Warnaco wholesale customers in Asia in connection with an initiative to reduce excess inventory levels, which resulted in a decrease of approximately 40 basis points; (iii) our royalty, advertising and other revenue, which does not carry a cost of sales and has a gross profit percentage of 100%, significantly decreased for Calvin Klein and was replaced by the directly-operated Warnaco Calvin Klein jeans and underwear businesses, which do carry a cost of sales and have a large United States wholesale component (which generally operates at lower gross margins than our other businesses); and (iv) Warnaco’s Speedo swim product and Warner’s and Olga women’sintimate apparel businesses principally operate in the United States and generate lower gross margins than our other businesses as mentioned above. Also negatively impacting gross profit on total revenue during the period was a reduction in the Tommy Hilfiger International segment due to underperformance in Japan and gross margin pressure experienced during the quarter in Europe. In addition, the Heritage Brands Retail segment experienced a significant gross margin decline as a result of higher promotional selling during the second quarter. Partially offsetting these decreases was an increase in gross margin related to the Tommy Hilfiger North America and pre-acquisition Calvin Klein North America businesses resulting principally from higher average unit retail selling prices.

We currently expect that the gross profit percentage on total revenue in 2013 will decrease significantly as compared with 2012 due to the Warnaco acquisition, which shifted Calvin Klein from principally a 100% gross margin licensing business to a lower gross margin directly-operated business, combined with the addition of the lower-margin wholesale Speedo swim product and Warner’s and Olga intimate apparel businesses as discussed above. In addition, we expect the gross profit percentage in 2013 to decrease as a result of one-time short-lived non-cash valuation adjustments recorded in connection with the acquisition and our initiative to reduce excess inventory balances in the acquired Warnaco businesses.

Selling, General and Administrative (“SG&A”) Expenses

SG&A expenses in the twenty-six weeks ended August 4, 2013 were $1.860 billion, or 48.0% of total revenue, as compared to $1.192 billion, or 43.1% of total revenue, in the twenty-six week period of the prior year. The 490 basis point increase in SG&A expenses as a percentage of total revenue was due principally to the net impact of (i) a 650 basis point increase due to

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acquisition, integration and restructuring costs incurred in connection with the Warnaco acquisition, of which 290 basis points were non-cash charges, principally related to short-lived valuation adjustments and amortization; partially offset by (ii) a decrease due to the addition of Warnaco’s businesses, most of which are lower-expense wholesale businesses.

We currently expect that our SG&A expenses as a percentage of total revenue in 2013 will increase significantly as compared to 2012, due principally to the one-time costs expected to be incurred in connection with the acquisition, integration and related restructuring of Warnaco as described above, partially offset by a reduction in SG&A expenses as a percentage of revenue due to the addition of Warnaco’s businesses, most of which are lower-expense wholesale businesses. Our SG&A expenses may also be significantly impacted by the amount of expense recorded for our pension plans due to the change in accounting method discussed above. Pension expense recorded throughout the year is calculated using actuarial valuations that incorporate assumptions and estimates about financial market, economic and demographic conditions. Differences between estimated and actual results give rise to gains and losses that are recorded immediately in pension expense, generally in the fourth quarter of the year, which can create volatility in our operating results.

Equity in Income of Unconsolidated Affiliates, Net

The equity in income of unconsolidated affiliates, net in the twenty-six weeks ended August 4, 2013 was $3 million, as compared to $2 million during the twenty-six week period of the prior year. These amounts relate to our share of income from our joint ventures for the Tommy Hilfiger brand in China, India and Brazil. Our investments in these joint ventures are being accounted for under the equity method of accounting. Please refer to Note 4, “Investments in Unconsolidated Affiliates,” in the Notes to Consolidated Financial Statements included in Part 1, Item 1 of this report for a further discussion.

Debt Modification and Extinguishment Costs

We incurred costs totaling $40 million in the first quarter of 2013 related to the modification and extinguishment of our previously outstanding term loans and the replacement of such term loans with new senior secured credit facilities entered into in connection with the Warnaco acquisition. Please see the section entitled “Financing Arrangements” within “Liquidity and Capital Resources” below for a further discussion.

Interest Expense and Interest Income

Interest expense increased to $97 million in the twenty-six weeks ended August 4, 2013 from $58 million in the twenty-six week period of the prior year due principally to interest expense incurred on the term loans borrowed under new senior secured credit facilities and on the $700 million of 4 1/2% senior notes due 2022. Please see the section entitled “Financing Arrangements” within “Liquidity and Capital Resources” below for a further discussion. Interest income for the first half of 2013 increased to $4 million as compared to $470,000 in the first half of 2012, due principally to an increase in our average cash position during the period.

Net interest expense for the full year 2013 is currently expected to increase to $195 million to $200 million from $117 million in 2012, principally as a result of the term loans borrowed under new senior secured credit facilities and the issuance of the $700 million of 4 1/2% senior notes due 2022 mentioned above. We currently plan to make approximately $400 million of payments on our long-term debt during 2013, the majority of which will be voluntary. $182 million of these payments, the majority of which was voluntary, have already been made during the twenty-six weeks ended August 4, 2013.

Income Taxes

The effective tax rates for the twenty-six weeks ended August 4, 2013 and July 29, 2012 were (174.0)% and 26.4%, respectively. The effective income tax rate for the first half of 2013 decreased as compared to the first half effective income tax rate of the prior year, and was also lower than the United States Statutory rate, due to the net impact of non-recurring discrete items related to the Warnaco integration, state and local taxes and the benefit of the overall lower tax rates in international jurisdictions where we file tax returns. Since we had a pre-tax loss in the twenty-six weeks endedAugust 4, 2013, the discrete tax expense caused the effective income tax rate to be negative.

The effective income tax rate for the twenty-six weeks ended July 29, 2012 was lower than the United States statutory rate due to the benefit of the overall lower tax rates in international jurisdictions where we file tax returns and the continuation of the tax synergies resulting from the Tommy Hilfiger acquisition, partially offset by state and local taxes.

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Redeemable Non-Controlling Interest

The net income attributable to the redeemable non-controlling interest in CK India owned by our minority partners was $126,000 for the first half of 2013. Please refer to Note 5, “Redeemable Non-Controlling Interest,” in the Notes to Consolidated Financial Statements included in Part 1, Item 1 of this report for a further discussion.

LIQUIDITY AND CAPITAL RESOURCES

Cash Flow Summary

Cash at February 3, 2013 was $892 million, which included the proceeds from the $700 million senior notes offering undertaken in connection with the Warnaco acquisition. Cash at August 4, 2013 was $629 million, which included the impact of $2.993 billion of net proceeds from the new senior secured credit facilities entered into in connection with the Warnaco acquisition, offset by $2.180 billion of cash paid as consideration for the acquisition and $1.097 billion of debt payments made to repay all outstanding borrowings under our previously outstanding senior secured credit facilities and all of Warnaco’s previously outstanding long-term debt. In addition, cash at August 4, 2013 included the impact of $182 million of payments on our new senior secured credit facilities during the first half of 2013. Cash flow for the full year 2013 will be impacted by various factors in addition to those noted below in this “Liquidity and Capital Resources” section, including the amount of debt repayments we make in 2013.

As of August 4, 2013, approximately $477 million of cash and cash equivalents was held by international subsidiaries whose undistributed earnings are considered permanently reinvested. Our intent is to continue to reinvest these funds in international operations. If management decides at a later date to repatriate these funds to the United States, we would be required to pay taxes on these amounts based on applicable United States tax rates, net of foreign taxes already paid.

Operations

Cash provided by operating activities was $62 million in the first half of 2013 as compared with $207 million in the first half of the prior year. The decrease in cash provided by operating activities as compared to the prior year was primarily driven by the buildup of working capital associated with the newly acquired Warnaco businesses during the first half of 2013, combined with the payment of costs related to the Warnaco acquisition, integration and the related restructuring. Additionally, cash provided by operating activities in the current period includes a $30 million contribution to fund the defined benefit qualified pension plan we acquired as part of the Warnaco acquisition. The factors that affect our cash provided by operating activities have been significantly impacted by the Warnaco acquisition. In the future, we expect that our cash provided by operating activities will generally increase as a result of the acquisition. This increase will generally be used to pay down debt, as well as to fund additional capital spending to expand our businesses, most notably the Calvin Klein and Tommy Hilfiger businesses. In addition, the changes in the amount of cash provided and used related to our working capital will be more pronounced as a result of the Warnaco acquisition.

Acquisition of Warnaco

We completed our acquisition of Warnaco on February 13, 2013. We paid $2.180 billion in cash and issued approximately 8 million shares of our common stock, valued at $926 million, as consideration for the acquisition. In addition, we issued replacement stock awards related to employee stock-based compensation grants valued at $40 million and eliminated a $9 million pre-acquisition liability to Warnaco, both of which for accounting purposes are included in the total consideration of approximately $3.137 billion. The value of the replacement stock awards was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the time of the acquisition, reduced by an estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date.

We funded the cash portion and related costs of the acquisition, repaid all outstanding borrowings under our previously outstanding senior secured credit facilities and repaid all of Warnaco’s previously outstanding long-term debt with the net proceeds of (i) an offering during the fourth quarter of 2012 of $700 million of 4 1/2% senior notes due 2022; and (ii) $3.075 billion of term loans borrowed during the first quarter of 2013 under new senior secured credit facilities. See the discussion in the sections entitled “4 1/2% Senior Notes Due 2022” and “New Senior Secured Credit Facilities” below for further detail on these activities.

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Capital Expenditures

Our capital expenditures in the first half of 2013 were $106 million compared to $82 million in the first half of 2012. The increase in the current year period related principally to investments in the operations we acquired with Warnaco and in combining Warnaco’s infrastructure with ours. We currently expect that capital expenditures will increase for the full year 2013 to approximately $300 million as compared to $211 million in 2012, primarily driven by investments in Warnaco’s existing infrastructure (including information systems, supply chain and facilities).

Calvin Klein Contingent Purchase Price Payments

In connection with our acquisition of Calvin Klein in 2003, we are obligated to pay Mr. Calvin Klein contingent purchase price payments based on 1.15% of total worldwide net sales (as defined in the agreement governing that acquisition, as amended) of products bearing any of the Calvin Klein brands with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein are made are wholesale sales by us and our licensees and other partners to retailers. Such contingent purchase price payments totaled $27 million in the first half of 2013. We currently expect that such payments will be between $53 million and $55 million for the full year 2013.

Dividends

Our common stock currently pays annual dividends totaling $0.15 per share. Holders of our Series A convertible preferred stock participated in common stock dividends on an as-converted basis prior to their conversion of their preferred shares in 2012. The Series A convertible preferred stock has since been eliminated. Dividends on common stock totaled $9 million in the first half of 2013.

We currently project that cash dividends on our common stock for the full year 2013 will be approximately $12 million based on our current dividend rate, the number of shares of our common stock outstanding as of August 4, 2013 and our estimates of stock to be issued during the remainder of 2013 under our stock incentive plans.

Financing Arrangements

Our capital structure was as follows:

(in millions)	August 4, 2013		February 3, 2013		July 29, 2012
Short-term borrowings	$	3	$	11	$	53
Current portion of long-term debt	85		88		88
Capital lease obligations	27		31		35
Long-term debt	4,195		2,212		1,715
Stockholders’ equity	4,048		3,253		2,781

In addition, we had $629 million, $892 million and $262 million of cash and cash equivalents as of August 4, 2013, February 3, 2013 and July 29, 2012, respectively.

Short-Term Borrowings

One of our Asian subsidiaries has a Yen-denominated overdraft facility with a Japanese bank, which provides for borrowings of up to ¥1.000 billion ($10 million based on exchange rates in effect on August 4, 2013) and is utilized to fund working capital needs. Borrowings under the facility are unsecured and bear interest at the one-month Japanese interbank borrowing rate (“TIBOR”) plus 0.15%. Such facility renews automatically unless we give notice of termination. There were no borrowings outstanding under this facility as of August 4, 2013. The maximum amount of borrowings outstanding under this facility during the twenty-six weeks ended August 4, 2013 was approximately $10 million.

One of our European subsidiaries acquired as part of the Warnaco acquisition has short-term revolving notes with a number of banks at various interest rates, as well as a Euro-denominated overdraft facility, which are used to fund working capital needs. The total amount of borrowings outstanding as of August 4, 2013 was $2 million. The weighted average interest rate on the funds borrowed at August 4, 2013 was 2.94%. The maximum amount of borrowings outstanding under these facilities during the twenty-six weeks ended August 4, 2013 was approximately $25 million.

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One of our Asian subsidiaries acquired as part of the Warnaco acquisition has Rupee-denominated short-term revolving credit facilities with a local lender. These facilities provide for total borrowings of up to ₨195 million ($3 million based on exchange rates in effect on August 4, 2013) and are utilized to fund working capital needs. Borrowings under the facilities bear interest at various interest rates, primarily based on a base rate set by the lending bank. As of August 4, 2013, we had $1 million of borrowings outstanding under these facilities and the weighted average interest rate on the funds borrowed at August 4, 2013 was 10.44%. The maximum amount of borrowings outstanding under these facilities during the twenty-six weeks ended August 4, 2013 was approximately $3 million.

One of our Asian subsidiaries acquired as part of the Warnaco acquisition has a short-term $10 million revolving credit facility to be used to fund working capital needs. Borrowings under the facility bear interest at 1.75% plus the one-month London interbank borrowing rate (“LIBOR”). At the end of each month, amounts outstanding under this facility may be carried forward for additional one-month periods for up to one year. The facility was renewed in September 2012 and may be renewed annually in the future. The facility is subject to certain terms and conditions and may be terminated at any time at the discretion of the lender. There were no borrowings outstanding under this facility as of or during the twenty-six weeks ended August 4, 2013.

One of our Asian subsidiaries acquired as part of the Warnaco acquisition has a Won-denominated short-term revolving credit facility with one lender that provides for borrowings of up to ₩3.000 billion ($3 million based on exchange rates in effect on August 4, 2013) and is utilized to fund working capital needs. Borrowings under the facility bear interest at the three-month Cost of Funds Index rate plus a specified margin. There were no borrowings outstanding under this facility as of or during the twenty-six weeks ended August 4, 2013.

One of our Latin American subsidiaries acquired as part of the Warnaco acquisition has Real-denominated short-term revolving credit facilities with a number of banks that provide for total available borrowings of R$44 million ($19 million based on exchange rates in effect on August 4, 2013) and are utilized to fund working capital needs. Borrowings under the facilities bear interest at various interest rates. There were no borrowings outstanding under these facilities as of or during the twenty-six weeks ended August 4, 2013.

Capital Lease Obligations

Our cash payments for capital lease obligations totaled $5 million and $6 million during the first half of 2013 and the first half of 2012, respectively.

4 1/2% Senior Notes Due 2022

On December 20, 2012, we issued $700 million principal amount of 4 1/2% senior notes due December 15, 2022 in connection with the Warnaco acquisition. Interest on the 4 1/2% notes is payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 15, 2013. We paid $16 million of fees in the first quarter of 2013 in connection with the issuance of these notes.

We may redeem some or all of these notes at any time prior to December 15, 2017 by paying a “make whole” premium plus any accrued and unpaid interest. Subject to certain conditions, we may also redeem up to 35% of these notes prior to December 15, 2015 with the net cash proceeds of certain equity offerings without having to pay a penalty or “make whole” premium. In addition, we may redeem some or all of these notes on or after December 15, 2017 at specified redemption prices plus any accrued and unpaid interest.

7 3/8% Senior Notes Due 2020

On May 6, 2010, we issued $600 million principal amount of 7 3/8% senior notes due May 15, 2020. Interest on the 7 3/8% notes is payable semi-annually in arrears.

We may redeem some or all of these notes on or after May 15, 2015 at specified redemption prices plus any accrued and unpaid interest. We may redeem some or all of these notes at any time prior to May 15, 2015 by paying a “make whole” premium plus any accrued and unpaid interest.

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7 3/4% Debentures Due 2023

We have outstanding $100 million of debentures due on November 15, 2023 with a yield to maturity of 7.80%. The debentures accrue interest at the rate of 7 3/4%, which is payable semi-annually.

Prior Senior Secured Credit Facilities

On May 6, 2010, we entered into senior secured credit facilities, which were amended and restated on March 2, 2011 (“the amended facilities”). The amended facilities consisted of a Euro-denominated term loan A facility, a United States dollar-denominated term loan A facility, a Euro-denominated term loan B facility, a United States dollar-denominated term loan B facility, a United States dollar-denominated revolving credit facility and two multi-currency (one United States dollar and Canadian dollar, and the other Euro, Japanese Yen and British Pound) revolving credit facilities. The amended facilities provided for initial borrowings of up to an aggregate of approximately $1.970 billion (based on applicable exchange rates on March 2, 2011), consisting of (i) an aggregate of approximately $1.520 billion of term loan facilities; and (ii) approximately $450 million of revolving credit facilities.

We made payments of $90 million on our term loans under the amended facilities during the first half of 2012.

On February 13, 2013, in connection with the Warnaco acquisition, we modified and extinguished the amended facilities and repaid all outstanding borrowings thereunder, as discussed in the section entitled “New Senior Secured Credit Facilities” below.

New Senior Secured Credit Facilities

On February 13, 2013, simultaneously with and related to the closing of the Warnaco acquisition, we entered into new senior secured credit facilities (“the new facilities”), the proceeds of which were used to fund a portion of the acquisition, repay all outstanding borrowings under the amended facilities and repay all of Warnaco’s previously outstanding long-term debt. The new facilities consist of a $1.700 billion United States dollar-denominated Term Loan A (recorded net of an original issue discount of $7 million as of the acquisition date), a $1.375 billion United States dollar-denominated Term Loan B (recorded net of an original issue discount of $7 million as of the acquisition date) and senior secured revolving credit facilities in an aggregate principal amount of $750 million (based on the applicable exchange rates on February 13, 2013), consisting of (a) a $475 million United States dollar-denominated revolving credit facility, (b) a $25 million United States dollar-denominated revolving credit facility available in United States dollars or Canadian dollars and (c) a €186 million Euro-denominated revolving credit facility available in Euro, Pounds Sterling, Japanese Yen and Swiss Francs. In connection with entering into the new facilities and repaying all outstanding borrowings under the amended facilities and all of Warnaco’s previously outstanding long-term debt, we paid debt issuance costs of $67 million (of which $35 million was expensed as debt modification and extinguishment costs and $33 million will be amortized over the term of the related debt agreement) and recorded additional debt modification and extinguishment costs of $6 million to write-off previously capitalized debt issuance costs.

The revolving credit facilities include amounts available for letters of credit. As of August 4, 2013, we had drawn no revolving credit borrowings and approximately $79 million of letters of credit. A portion of both United States dollar-denominated revolving credit facilities is also available for the making of swingline loans. The issuance of such letters of credit and the making of any swingline loan reduces the amount available under the applicable revolving credit facility. So long as certain conditions are satisfied, we may add one or more term loan facilities or increase the commitments under the revolving credit facilities by an aggregate amount not to exceed the greater of (a) $750 million and (b) $1.250 billion as long as the ratio of our senior secured net debt to consolidated adjusted earnings before interest, taxes, depreciation and amortization (in each case calculated as set forth in the documentation relating to the new facilities) would not exceed 3 to 1 after giving pro forma effect to the incurrence of such increase, plus, in either case, an amount equal to the aggregate revolving commitments of any defaulting lender (to the extent the commitments with respect thereto have been terminated). The lenders under the new facilities are not required to provide commitments with respect to such additional facilities or increased commitments.

We made payments of $182 million on our term loans under the new facilities during the first half of 2013. As of August 4, 2013, we had total term loans outstanding of $2.880 billion, net of original issue discounts. The terms of each of Term Loan A and Term Loan B contain a mandatory quarterly repayment schedule. Due to the above-mentioned voluntary payments, we are not required to make any additional mandatory repayments under Term Loan B prior to maturity.

The outstanding borrowings under the new facilities are prepayable at any time without penalty. The terms of the new facilities require us to repay certain amounts outstanding thereunder with (a) net cash proceeds of the incurrence of certain indebtedness, (b) net cash proceeds of certain asset sales or other dispositions (including as a result of casualty or condemnation) that exceed

42

certain thresholds, to the extent such proceeds are not reinvested or committed to be reinvested in the business in accordance with customary reinvestment provisions and (c) a percentage of excess cash flow, which percentage is based upon our net leverage ratio during the relevant fiscal period.

The United States dollar-denominated borrowings under the new facilities bear interest at a rate equal to an applicable margin plus, as determined at our option, either (a) a base rate determined by reference to the greater of (i) the prime rate, (ii) the United States federal funds rate plus 1/2 of 1.00% and (iii) a one-month adjusted Eurocurrency rate plus 1.00% (provided that, in the case of Term Loan B, in no event will the base rate be deemed to be less than 1.75%) or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities (provided that, in the case of Term Loan B, in no event will the adjusted Eurocurrency rate be deemed to be less than 0.75%).

Canadian dollar-denominated borrowings under the new revolving credit facilities bear interest at a rate equal to an applicable margin plus, as determined at our option, either (a) a Canadian prime rate determined by reference to the greater of (i) the rate of interest per annum that Royal Bank of Canada establishes at its main office in Toronto, Ontario as the reference rate of interest in order to determine interest rates for loans in Canadian Dollars to its Canadian borrowers and (ii) the sum of (x) the average of the rates per annum for Canadian Dollar bankers’ acceptances having a term of one month that appears on the display referred to as “CDOR Page” of Reuters Monitor Money Rate Services as of 10:00 a.m. (Toronto time) on the date of determination, as reported by the administrative agent (and if such screen is not available, any successor or similar service as may be selected by the administrative agent), and (y) 0.75%, or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities.

The borrowings under the new revolving credit facilities in currencies other than United States dollars or Canadian dollars bear interest at a rate equal to an applicable margin plus an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities.

The current applicable margins are in the case of Term Loan A and the revolving credit facilities, 2.00% for adjusted Eurocurrency rate loans and 1.00% for base rate loans, as applicable. The applicable margins in the case of Term Loan B are fixed at 2.50% for adjusted Eurocurrency rate loans and 1.50% for base rate loans, respectively. After the date of delivery of the compliance certificate and financial statements with respect to our fiscal quarter ending August 4, 2013, the applicable margin for borrowings under Term Loan A and the revolving credit facilities is subject to adjustment based on our quarter-end net leverage ratio.

During the second quarter of 2013, we entered into an interest rate swap agreement for a three-year term commencing on August 19, 2013. The agreement was designed with the intended effect of converting an initial notional amount of $1.229 billion of our variable rate debt obligation under our United States dollar-denominated senior secured Term Loan A facility, or any replacement facility with similar terms, to fixed rate debt. Under the terms of the agreement for the then-outstanding notional amount, our exposure to fluctuations in the one-month LIBOR is eliminated, and we will pay a fixed rate of 0.604%, plus the current applicable margin.

During the second quarter of 2011, we entered into an interest rate swap agreement for a three-year term commencing on June 6, 2011. The agreement was designed with the intended effect of converting an initial notional amount of $632 million of our variable rate debt obligation under our previously outstanding United States dollar-denominated senior secured term loan A facility, or any replacement facility with similar terms, to fixed rate debt. Such agreement remains outstanding, with a notional amount of $437 million as of August 4, 2013, subsequent to the repayment of our previously outstanding amended facility and is now converting a portion of our variable rate debt obligation under our new Term Loan A facility to fixed rate debt. Under the terms of the agreement for the then-outstanding notional amount, our exposure to fluctuations in the three-month LIBOR is eliminated, and we will pay a fixed rate of 1.197%, plus the current applicable margin.

The outstanding notional amount of each interest rate swap will be adjusted according to pre-set schedules during the term of each swap agreement such that, based on our projections for future debt repayments, our outstanding debt under the Term Loan A facility is expected to always equal or exceed the then-outstanding combined notional amount of the interest rate swaps.

The new facilities contain covenants that restrict our ability to finance future operations or capital needs, to take advantage of other business opportunities that may be in our interest or to satisfy our obligations under our other outstanding debt. These covenants restrict our ability to, among other things:

• incur or guarantee additional debt or extend credit;

• make restricted payments, including paying dividends or making distributions on, or redeeming or repurchasing, our capital stock or certain debt;

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• make acquisitions and investments;

• dispose of assets;

• engage in transactions with affiliates;

• enter into agreements restricting our subsidiaries’ ability to pay dividends;

• create liens on our assets or engage in sale/leaseback transactions; and

• effect a consolidation or merger, or sell, transfer, or lease all or substantially all of our assets.

The new facilities require us to comply with certain financial covenants, including minimum interest coverage and maximum net leverage. A breach of any of these operating or financial covenants would result in a default under the applicable facility. If an event of default occurs and is continuing, the lenders could elect to declare all amounts then outstanding, together with accrued interest, to be immediately due and payable which would result in acceleration of our other debt. If we were unable to repay any such borrowings when due, the lenders could proceed against their collateral, which also secures some of our other indebtedness.

We are also subject to similar covenants and restrictions in connection with our other long-term debt agreements.

As of August 4, 2013, we were in compliance with all applicable financial and non-financial covenants.

Please refer to Note 8, “Debt,” in the Notes to Consolidated Financial Statements included in Part I, Item 1 of this report for a schedule of mandatory long-term debt repayments over the next five years.

Contractual Obligations

Our contractual cash obligations reflected in the contractual obligations table included in Part I, Item 7 of our Annual Report on Form 10-K for the fiscal year ended February 3, 2013 have materially changed as a result of the acquisition of Warnaco. Our contractual cash obligations increased for principal and interest payments on the new debt issued in connection with financing the acquisition. Our balance of total long-term debt increased to $4.280 billion as of August 4, 2013 as compared to $2.300 billion as of February 3, 2013. Please refer to the discussion above in this “Liquidity and Capital Resources” section for a description of new debt obligations that were incurred in connection with financing the acquisition. As a result of Warnaco’s large number of company-operated retail, office and warehouse locations worldwide, our contractual obligations have also increased for Warnaco’s retail store, warehouse, showroom, office and equipment leases. Such future lease commitments for Warnaco totaled approximately $430 million as of August 4, 2013. We have increased our inventory purchase commitments and have also incurred severance payment obligations in connection with the acquisition of Warnaco. In addition, as a result of the acquisition of Warnaco, we have for certain current and former Warnaco employees a defined benefit pension plan (which plan is frozen), to which we contributed $30 million during the first half of 2013.

SEASONALITY

Our business generally follows a seasonal pattern. Our wholesale businesses tend to generate higher levels of sales in the first and third quarters, while our retail businesses tend to generate higher levels of sales in the fourth quarter. Royalty, advertising and other revenue tends to be earned somewhat evenly throughout the year, although the third quarter has the highest level of royalty revenue due to higher sales by licensees in advance of the holiday selling season. We expect this seasonal pattern will generally continue, but due to our expansion into new regions as a result of the Warnaco acquisition seasonal fluctuations may be less volatile.

Due to the above factors, our operating results for the twenty-six weeks ended August 4, 2013 are not necessarily indicative of those for a full fiscal year.

CRITICAL ACCOUNTING POLICIES

Our consolidated financial statements are based on the selection and application of significant accounting policies, which require management to make significant estimates and assumptions. Our significant accounting policies are outlined in Note 1, “Summary of Significant Accounting Policies,” in the Notes to Consolidated Financial Statements included in Item 8 of our Annual Report on Form 10-K for the year ended February 3, 2013. During the twenty-six weeks endedAugust 4, 2013, there were no significant changes to our critical accounting policies from those described in our Annual Report on Form 10-K for the year ended February 3, 2013.

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ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Financial instruments held by us as of August 4, 2013 include cash and cash equivalents, short and long-term debt, foreign currency forward exchange contracts and interest rate swap agreements. Note 11, “Fair Value Measurements,” in the Notes to Consolidated Financial Statements included in Part I, Item 1 of this report outlines the fair value of our financial instruments as of August 4, 2013. Cash and cash equivalents held by us are affected by short-term interest rates. Due to the currently low rates of return we are receiving on our cash equivalents, the potential for a significant decrease in short-term interest rates is low and, therefore, a further decrease would not have a material impact on our interest income. However, there is potential for a more significant increase in short-term interest rates, which could have a more material impact on our interest income. Given our balance of cash and cash equivalents at August 4, 2013, the effect of a 10 basis point increase in short-term interest rates on our interest income would be approximately $600,000 annually. During the first quarter of 2013, we entered into new senior secured credit facilities and simultaneously repaid our previously outstanding amended facility. Borrowings under our new senior secured credit facilities bear interest at a rate equal to an applicable margin plus a variable rate. As such, our credit facilities expose us to market risk for changes in interest rates. As of August 4, 2013, approximately 45% of our total debt was at a fixed rate, with the remainder at variable rates. Given our debt position at August 4, 2013, the effect of a 10 basis point increase in interest rates on our interest expense would be approximately $1 million annually. As a result of the new interest rate swap agreement for a three-year term commencing on August 19, 2013, approximately 70% of our total debt will be at a fixed rate, with the remainder at variable rates. Given our debt position at August 19, 2013, the effect of a 10 basis point increase in interest rates on our interest expense would be less than $100,000 annually. Please refer to Note 8, “Debt,” in the Notes to Consolidated Financial Statements included in Part 1, Item 1 of this report for a further discussion of our new credit facilities and interest rate swap agreement.

Our Calvin Klein and Tommy Hilfiger businesses each have substantial international components, which expose us to significant foreign exchange risk. Accordingly, the impact of a strengthening United States dollar, particularly against the Euro, the Brazilian Real, the Japanese Yen, the Korean Won, the British Pound, the Canadian dollar, the Mexican Peso, the Indian Rupee and the Chinese Yuan, will have a negative impact on our results of operations. Our Calvin Klein and Tommy Hilfiger businesses purchase the majority of the products that they sell in United States dollars, which exposes the international operations of each of these businesses to foreign exchange risk as the United States dollar fluctuates. To help manage these exposures, we currently use and plan to continue to use foreign currency forward exchange contracts or other derivative instruments.

In addition, we have exposure to changes in foreign currency exchange rates on certain intercompany loans. We currently use and plan to continue to use foreign currency forward exchange contracts to mitigate this exposure.

ITEM 4 - CONTROLS AND PROCEDURES

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Operating & Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon that evaluation, our Chief Executive Officer and our Chief Operating & Financial Officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report. Disclosure controls and procedures are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to our management, including each of our Chief Executive Officer and Chief Operating & Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

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

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PART II – OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

We are a party to certain litigations which, in management’s judgment based in part on the opinions of legal counsel, will not have a material adverse effect on our financial position.

ITEM 1A - RISK FACTORS

Please refer to Item 1A. Risk Factors in our Annual Report on Form 10-K for the fiscal year ended February 3, 2013 for a description of certain significant risks and uncertainties to which our business, operations and financial condition are subject. There have been no material changes to these risk factors as of August 4, 2013.

ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ISSUER PURCHASES OF EQUITY SECURITIES

Period	(a) Total Number of Shares (or Units) Purchased(1)	(b) Average Price Paid per Share (or Unit)(1)		(c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs	(d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
May 6, 2013
June 2, 2013	2,472	$	110.21	—	—
June 3, 2013
July 7, 2013	299,794	120.86		—	—
July 8, 2013
August 4, 2013	3,829	127.00		—	—
Total	306,095	$	120.85	—	—

⁽¹⁾ Our 2006 Stock Incentive Plan provides us with the right to deduct or withhold, or require employees to remit to us, an amount sufficient to satisfy any applicable tax withholding requirements applicable to stock-based compensation awards. To the extent permitted, employees may elect to satisfy all or part of such withholding requirements by tendering previously owned shares or by having us withhold shares having a fair market value equal to the minimum statutory tax withholding rate that could be imposed on the transaction. Substantially all shares shown in this table were withheld during the second quarter of 2013 in connection with the settlement of vested restricted stock units, restricted stock and performance share units to satisfy tax withholding requirements.

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ITEM 6 - EXHIBITS

The following exhibits are included herein:
3.1	Certificate of Incorporation (incorporated by reference to Exhibit 5 to the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 1977); Amendment to Certificate of Incorporation, filed June 27, 1984 (incorporated by reference to Exhibit 3B to the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 1985); Amendment to Certificate of Incorporation, filed June 2, 1987 (incorporated by reference to Exhibit 3(c) to the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 1988); Amendment to Certificate of Incorporation, filed June 1, 1993 (incorporated by reference to Exhibit 3.5 to the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 1994); Amendment to Certificate of Incorporation, filed June 20, 1996 (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the period ended July 28, 1996); Certificate of Amendment of Certificate of Incorporation, filed June 29, 2006 (incorporated by reference to Exhibit 3.9 to the Company’s Quarterly Report on Form 10-Q for the period ended May 6, 2007); Certificate of Amendment of Certificate of Incorporation, filed June 23, 2011 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on June 29, 2011).
3.2	Certificate of Designation of Series A Cumulative Participating Preferred Stock, filed on June 10, 1986 (incorporated by reference to Exhibit A of the document filed as Exhibit 3 to the Company’s Quarterly Report on Form 10-Q for the period ended May 4, 1986).
3.3	Certificate of Designations, Preferences and Rights of Series B Convertible Preferred Stock of Phillips-Van Heusen Corporation (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on February 26, 2003); Corrected Certificate of Designations, Preferences and Rights of Series B Convertible Preferred Stock of Phillips-Van Heusen Corporation, dated as of April 17, 2003 (incorporated by reference to Exhibit 3.9 to the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2003).
3.4	Certificate Eliminating Reference to Series B Convertible Preferred Stock From Certificate of Incorporation of Phillips-Van Heusen Corporation, filed on June 12, 2007 (incorporated by reference to Exhibit 3.10 to the Company’s Quarterly Report on Form 10-Q for the period ended May 6, 2007).
3.5	Certificate Eliminating Reference to Series A Cumulative Participating Preferred Stock From Certificate of Incorporation of Phillips-Van Heusen Corporation (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K, filed on September 28, 2007).
3.6	Certificate of Designations of Series A Convertible Preferred Stock of Phillips-Van Heusen Corporation (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on May 12, 2010).
3.7	By-Laws of Phillips-Van Heusen Corporation, as amended through February 2, 2012 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on February 3, 2012).
3.8	Certificate Eliminating Reference to Series A Convertible Preferred Stock From Certificate of Incorporation of PVH Corp. (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on May 3, 2013).
4.1	Specimen of Common Stock certificate (incorporated by reference to Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q for the period ended July 31, 2011).

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4.2	Indenture, dated as of November 1, 1993, between Phillips-Van Heusen Corporation and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.01 to the Company’s Registration Statement on Form S-3 (Reg. No. 33-50751) filed on October 26, 1993); First Supplemental Indenture, dated as of October 17, 2002 to Indenture dated as of November 1, 1993 between Phillips-Van Heusen Corporation and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.15 to the Company’s Quarterly Report on Form 10-Q for the period ended November 3, 2002); Second Supplemental Indenture, dated as of February 12, 2002 to Indenture, dated as of November 1, 1993, between Phillips-Van Heusen Corporation and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K, filed on February 26, 2003); Third Supplemental Indenture, dated as of May 6, 2010, between Phillips-Van Heusen Corporation and The Bank of New York Mellon (formerly known as The Bank of New York), as Trustee (incorporated by reference to Exhibit 4.16 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).
4.3	Securities Purchase Agreement, dated as of March 15, 2010, by and among Phillips-Van Heusen Corporation, LNK Partners, L.P. and LNK Partners (Parallel), L.P. (incorporated by reference to Exhibit 4.10 to the Company’s Quarterly Report on Form 10-Q for the period ended May 2, 2010).
4.4	Securities Purchase Agreement, dated as of March 15, 2010, by and between Phillips-Van Heusen Corporation and MSD Brand Investments, LLC (incorporated by reference to Exhibit 4.11 to the Company’s Quarterly Report on Form 10-Q for the period ended May 2, 2010).
4.5	Stockholders Agreement, dated as of May 6, 2010, by and among Phillips-Van Heusen Corporation, LNK Partners, L.P. and LNK Partners (Parallel), L.P. (incorporated by reference to Exhibit 4.13 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).
4.6	Stockholder Agreement, dated as of May 6, 2010, by and between Phillips-Van Heusen Corporation and MSD Brand Investments, LLC. (incorporated by reference to Exhibit 4.14 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).
4.7	Indenture, dated as of May 6, 2010, between Phillips-Van Heusen Corporation and U.S. Bank National Association, as Trustee (incorporated by reference to Exhibit 4.15 to the Company’s Quarterly Report on Form 10-Q for the period ended August 1, 2010).
4.8	First Supplemental Indenture, dated as of November 8, 2012, to Indenture dated as of May 6, 2010, between PVH Corp. (formerly known as “Phillips-Van Heusen Corporation”) and U.S. Bank National Association, as Trustee (incorporated by reference to Exhibit 4.9 to the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2013).
4.9	Indenture, dated as of December 20, 2012, between PVH Corp. and U.S. Bank National Association, as Trustee (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K, filed on December 20, 2012).
4.10	Fourth Supplemental Indenture, dated as of February 13, 2013 to Indenture, dated as of November 1, 1993, between PVH Corp. and The Bank of New York Mellon, as Trustee (incorporated by reference to Exhibit 4.11 to the Company’s Quarterly Report on Form 10-Q for the period ended May 5, 2013).
10.1	PVH Corp. Performance Incentive Bonus Plan, as amended and restated effective May 2, 2013 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed June 26, 2013).
10.2	PVH Corp. Long-Term Incentive Plan, as amended and restated effective May 2, 2013 (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed June 26, 2013).
+10.3	Third Amended and Restated Employment Agreement, dated as of July 1, 2013, between Calvin Klein, Inc. and Paul Thomas Murry.
+10.4	Amended and Restated Employment Agreement, dated as of July 23, 2013, between PVH B.V. and Fred Gehring.

48

+31.1	Certification of Emanuel Chirico, Chairman and Chief Executive Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002.
+31.2	Certification of Michael Shaffer, Executive Vice President and Chief Operating & Financial Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002.
*,+32.1	Certification of Emanuel Chirico, Chairman and Chief Executive Officer, pursuant to Section 906 of the Sarbanes – Oxley Act of 2002, 18 U.S.C. Section 1350.
*,+32.2	Certification of Michael Shaffer, Executive Vice President and Chief Operating & Financial Officer, pursuant to Section 906 of the Sarbanes – Oxley Act of 2002, 18 U.S.C. Section 1350.
+101.INS	XBRL Instance Document
+101.SCH	XBRL Taxonomy Extension Schema Document
+101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
+101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
+101.LAB	XBRL Taxonomy Extension Label Linkbase Document
+101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
+Filed or furnished herewith.

* Exhibits 32.1 and 32.2 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that Section. Such exhibits shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.

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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.

PVH CORP.

Registrant

Dated:	September 12, 2013	/s/ Bruce Goldstein
		Bruce Goldstein
		Senior Vice President and Controller (Chief Accounting Officer)

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Exhibit Index

Exhibit    Description

10.3	Third Amended and Restated Employment Agreement, dated as of July 1, 2013, between Calvin Klein, Inc. and Paul Thomas Murry.
10.4	Amended and Restated Employment Agreement, dated as of July 23, 2013, between PVH B.V. and Fred Gehring.
31.1	Certification of Emanuel Chirico, Chairman and Chief Executive Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002.
31.2	Certification of Michael Shaffer, Executive Vice President and Chief Operating & Financial Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002.
32.1	Certification of Emanuel Chirico, Chairman and Chief Executive Officer, pursuant to Section 906 of the Sarbanes – Oxley Act of 2002, 18 U.S.C. Section 1350.
32.2	Certification of Michael Shaffer, Executive Vice President and Chief Operating & Financial Officer, pursuant to Section 906 of the Sarbanes – Oxley Act of 2002, 18 U.S.C. Section 1350.
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

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EX-10.3

THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT

THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”), dated as of July 1, 2013, between CALVIN KLEIN, INC., a New York corporation (“CKI,” together with its affiliates, including, without limitation, its parent corporation, PVH Corp. (the “Company”; the Company shall refer to CKI or PVH Corp. (“PVH”) or PVH and its affiliates and subsidiaries, including CKI, collectively, as the context may require), and PAUL THOMAS MURRY (the “Executive”).

W I T N E S S E T H:

WHEREAS, the Company has previously entered into a Second Amended and Restated Employment Agreement with the Executive, dated as of December 23, 2008 and as further amended from time to time (the “Existing Agreement”), and the parties desire to amend and restate the Existing Agreement to make certain changes to the Existing Agreement so as to ensure that the Executive is retained in accordance with the terms set forth herein; and

WHEREAS, the Executive desires to be employed by the Company on the terms and conditions set forth herein, and agrees that this Agreement shall amend and supercede the terms and conditions of the Existing Agreement.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, the parties hereto hereby agree as follows:

1.Employment.

(a)Effective Date. This Agreement shall be effective as of July 1, 2013 (the “Effective Date”).

(b)Employment Period. The Company agrees to continue to employ the Executive, and the Executive agrees to continue to be employed by the Company, in accordance with the terms and conditions hereof for a four-year period commencing on the Effective Date and ending on the fourth anniversary of the Effective Date (the “Original Term”) and, in the event that the parties mutually agree at any time prior to end of the Original Term, for an additional one-year extension period (such one-year period, together with the Original Term, the “Term”), subject to earlier termination in accordance with the provisions of Section 3. The Executive shall be an employee at will and this Agreement shall not constitute a guarantee of employment. Each of the parties acknowledges and agrees that either party may terminate the Executive's employment at any time, for any reason, with or without Cause (as defined in Section 3(a)). The period commencing on the Effective Date and ending on the first to occur of the end of the Term or the effective date of the termination of the Executive's employment is hereinafter referred to as the “Employment Period.”

(c)Position and Duties.

(i)During the period commencing on the Effective Date and ending on the third anniversary of the Effective Date (the “Initial Period”), (A) the Executive shall serve as Chief Executive Officer of CKI, with such duties and responsibilities as shall from time to time be assigned to him and as are consistent and commensurate with his title and position, (B) the Executive's services shall be performed at the Company's headquarters in New York, New York or such other location as may be mutually agreed between the Company and the Executive, except for travel, and visits to Company offices and facilities worldwide, reasonably required to attend to the Company's business, and (C) the Executive shall serve on the Company's Operating Committee; provided, however, that the Company may disband the Operating Committee at any time prior to a Change in Control (as hereinafter defined); provided further, that after the

1

Initial Period, the Executive shall serve on the Company's Operating Committee at the discretion of the principal executive officer of PVH (“PVH's CEO”).

(ii)During the Initial Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote substantially all of his business attention and time (with business time determined in accordance with the Company's usual and customary standards for its senior executives) to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive's reasonable best efforts to perform faithfully and conscientiously such responsibilities. During the Employment Period, the Executive shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic and charitable boards and to manage his personal and family investments, in each case, to the extent such activities do not materially interfere, in the reasonable judgment of PVH's Board of Directors (which, for purposes of this Agreement, includes any committee thereof, unless the context requires otherwise (the “Board”)), with the performance of his duties for the Company and are otherwise consistent with the Company's governance policies.

(iii)In addition to the duties and responsibilities outlined in Sections 1(c)(i) and 1(c)(ii) above, it is acknowledged and agreed that during the Initial Period, the Executive is expected to train a successor Chief Executive Officer of CKI and to fully transition his responsibilities to such person on the third anniversary of the Effective Date (the “Transition Date”). Prior to the Transition Date, the Executive shall report regularly to the PVH's CEO on the progress of the development of the Executive's successor and provide for appropriate interactions between the successor and PVH's CEO. On the Transition Date, the Executive shall transition to the role of “Executive Chairman of CKI” and shall no longer hold the title of “Chief Executive Officer of CKI.” As Executive Chairman of CKI, the Executive shall be involved in establishing the overall strategy of CKI but shall no longer be responsible for day-to-day operations of CKI. The Executive shall also serve as an advisor to his successor to the role of Chief Executive Officer of CKI. Following the Transition Date, the Executive's working hours shall be reduced to 50% of his working hours prior to the Transition Date (although the Executive's responsibilities may from time to time require that the Executive's working hours be adjusted by plus or minus 10%) or approximately two to three days per business week; provided, however, that in no event will the Executive work less than 1,000 hours per year. For the avoidance of doubt, it is the intent of the parties that the Executive's transition to the role of Executive Chairman of CKI shall not constitute a “separation from service” (within the meaning of Section 409A (as defined below)). Following the Transition Date, (A) the Executive's services shall be performed at the Company's headquarters in New York, New York or such other location as may be mutually agreed between the Company and the Executive, except for travel, and visits to Company offices and facilities worldwide, reasonably required to attend to the Company's business, and (B) the Executive may regulate his working hours as he reasonably determines so long as he continues to satisfy his responsibilities pursuant to this Agreement.

2.Compensation.

(a)Base Salary. During the Employment Period and prior to the Transition Date, the Company shall pay the Executive a salary at the annual rate of $1,000,000 (“Base Salary”), payable in accordance with the normal payroll procedures of the Company in effect from time to time. The Executive's Base Salary shall be reviewed for increase at least annually by the Board pursuant to its normal performance review policies for senior executives. Except as otherwise provided in the following sentence, the Base Salary shall not be reduced after any increase. From and after the Transition Date, the Base Salary shall be reduced by 50%. If the Executive remains as Executive Chairman of CKI for more than one year beyond the Initial Period, the Base Salary, as reduced pursuant to the foregoing sentence, may (but is not required to) be reviewed for increase by the Board. The term Base Salary as utilized in this Agreement shall refer to the Executive's annual base salary as then in effect.

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(b)Incentive and Bonus Compensation. The Executive shall be eligible to participate in the Company's existing and future bonus and stock plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time; provided, however, that it is acknowledged and agreed that the Executive will receive an option to purchase shares of the Company's common stock in PVH's 2013 fiscal year as described in Section 2(e) and no further option awards will be made to him in PVH's 2013, 2014 or 2015 fiscal years. The Executive acknowledges and agrees that eligibility to participate in a Plan is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan.

(i)Notwithstanding anything herein to the contrary, the Executive acknowledges and agrees that following the Transition Date, the Executive's bonus opportunity under any such Plan shall be reduced by 50%; provided, however, that the Executive shall be eligible to receive with respect to the year in which the Transition Date occurs any bonus earned multiplied by a fraction, the numerator of which is equal to the sum of (A) the number of days during the year prior to the Transition Date plus (B) the product of (x) the number of days during such year from and after the Transition Date multiplied by (y) 0.5 and the denominator of which is 365.

(ii)To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the PVH's CEO and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in PVH's CEO's or the Board's sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive's rights and obligations thereunder during the Executive's employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive's employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive's employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

(c)Benefits. The Executive shall be eligible to participate in all employee benefit and insurance plans sponsored or maintained by the Company for similarly situated executives (including any savings, retirement, life, health and disability plans), to the extent that the Executive is qualified to participate in any such plan under the generally applicable provisions thereof in effect from time to time. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any such plan in its sole and absolute discretion. Except as otherwise provided herein, the terms of each such plan shall govern the Executive's rights and obligations thereunder during the Executive's employment and upon the termination thereof.

(d)Expenses. The Company shall pay or reimburse the Executive for reasonable expenses incurred or paid by the Executive in the performance of the Executive's duties hereunder in accordance with the generally applicable policies and procedures of the Company, as in effect from time to time and subject to the terms and conditions thereof. Such procedures include the reimbursement of approved expenses within 30 days after approval. Section 409A (as defined in Section 7(l)) prohibits reimbursement payments from being made any later than the end of the calendar year following the calendar year in which the applicable expense is incurred or paid. Also under Section 409A (i) the amount of expenses eligible for reimbursement during any calendar year may not affect the amount of expenses eligible for reimbursement in any other calendar year, and (ii) the right to reimbursement under this Section 2(d) cannot be subject to liquidation or exchange for another benefit.

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(e)Option Award. As consideration for the Executive's agreement to enter into this Agreement, the Executive shall be granted on the first business day of the month following the Effective Date an award of a stock option with a fair market value on the date of grant of approximately $1,000,000, such award to be granted in accordance with and under the Company's 2006 Stock Incentive Plan and subject to the terms and conditions set forth in the applicable option agreement (the “Option”). The Option shall vest as to one-third of the shares underlying the Option on each of the first, second and third anniversaries of the Effective Date. The Option shall not be subject to accelerated vesting upon retirement.

(f)Clothing Allowance. The Executive shall be eligible to participate in any clothing allowance program developed for executives of CKI, the terms of such participation to be established by the Company.

3.Termination of Employment. The Executive's employment hereunder shall terminate, or shall be subject to termination at any time, as described in this Section 3. A termination of employment shall mean that the Executive has ceased to provide any services as an employee of the Company.

(a)Termination for Cause by the Company. The Company may terminate the Executive's employment with the Company at any time for Cause. Upon such termination, the Company shall have no further obligation to the Executive hereunder except for the payment or provision, as applicable, of (i) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Section 2(d), and (iii) other payments, entitlements or benefits, if any, in accordance with terms of the applicable plans, programs, arrangements or other agreements of the Company or any affiliate thereof (other than any severance plan or policy) as to which the Executive held rights to such payments, entitlements or benefits, whether as a participant, beneficiary or otherwise on the date of termination ("Other Benefits”). For the avoidance of doubt, the Executive shall have no right to receive any amounts under the Company's severance policy upon his termination for Cause.

(i)For purposes of this Agreement, “Cause” shall be defined as: (1) gross negligence or willful misconduct, as the case may be, in the performance of the material responsibilities of the Executive's office or position, which results in material economic harm to the Company or its affiliates or in material reputational harm causing demonstrable injury to the Company or its affiliates; (2) the willful and continued failure of the Executive to perform substantially the Executive's duties with the Company or any affiliate (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by the Board or the Company that specifically identifies the manner in which the Board or the Company believes that the Executive has not substantially performed the Executive's duties, and the Executive has not cured such failure to the reasonable satisfaction of the Board or the Company within 20 days following the Executive's receipt of such written demand; (3) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony within the meaning of U.S. Federal, state or local law (other than a traffic violation); (4) the Executive having willfully divulged, furnished or made accessible to anyone other than the Company, its directors, officers, employees, auditors and legal advisors, otherwise than in the ordinary course of business, any Confidential Information (as hereinafter defined); or (5) any act or failure to act by the Executive, which, under the provisions of applicable law, disqualifies the Executive from acting in any or all capacities in which he is then acting for the Company.

(ii)For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive's action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or upon the instructions of the Board or PVH's CEO or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company.

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(b)Termination without Cause by the Company or for Good Reason by the Executive Prior to a Change in Control. The Company may also terminate the Executive's employment with the Company at any time without Cause, and the Executive may terminate his employment with the Company at any time for Good Reason (as defined in Section 3(f)(i)(B)). For the avoidance of doubt, the expiration of the Term (including the decision of either or both parties not to extend the Original Term pursuant to Section 1(b)) shall be deemed to be a retirement and shall not constitute a termination without Cause by the Company or constitute the basis for the Executive to terminate his employment for Good Reason.

(i)If the Company terminates the Executive's services without Cause or the Executive terminates his employment with the Company for Good Reason, other than during the two-year period following a Change in Control (as defined in Section 3(f)(i)(A)), the Executive shall be entitled to receive from the Company (W) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any); (X) all unreimbursed expenses (if any), subject to Section 2(d); (Y) an aggregate amount (the “Severance Amount”) equal to one and a half (1.5) times the sum of (1) the Base Salary plus (2) an amount equal to the bonus that would be payable if “target” level performance were achieved under the Company's annual bonus plan (if any) in respect of the fiscal year during which the termination occurs (or the prior fiscal year if bonus levels have not yet been established for the year of termination); and (Z) the payment or provision of any Other Benefits. The Severance Amount shall be paid in 36 substantially equal payments, and on the same schedule that Base Salary was paid immediately prior to the Executive's date of termination, commencing on the first such scheduled payroll date that occurs on or following the date that is 30 days after the Executive's termination of employment, subject to the Executive's compliance with the requirement to deliver the release contemplated pursuant to Section 4(a). Each such installment payment shall be treated as a separate payment as defined under Treasury Regulation §1.409A-2(b)(2). If the Executive is a “specified employee” (as determined under the Company's policy for identifying specified employees) on the date of his “separation from service” (within the meaning of Section 409A) and if any portion of the Severance Amount would be considered “deferred compensation” under Section 409A, all payments of the Severance Amount (other than payments that satisfy the short-term deferral rule, as defined in Treasury Regulation §1.409A-1(b)(4), or that are treated as separation pay under Treasury Regulation §1.409A-1(b)(9)(iii) or §1.409A-1(b)(9)(v)) shall not be paid or commence to be paid on any date prior to the first business day after the date that is six months following the Executive's separation from service. The first payment that can be made shall include the cumulative amount of any amounts that could not be paid during such six-month period. In addition, interest will accrue at the 10-year T-bill rate (as in effect as of the first business day of the calendar year in which the separation from service occurs) on all payments not paid to the Executive prior to the first business day after the sixth month anniversary of his separation from service that otherwise would have been paid during such six-month period had this delay provision not applied to the Executive and shall be paid with the first payment after such six-month period. Notwithstanding the foregoing, payments delayed pursuant to this six-month delay requirement shall commence earlier in the event of the Executive's death prior to the end of the six-month period. For purposes hereof, the Executive shall have a “separation from service” upon his death or other termination of employment for any reason.

(ii)In addition, if the Company terminates the Executive's employment with the Company without Cause or the Executive terminates his employment with the Company for Good Reason, then the Company shall also provide to the Executive, during the 18-month period following the Executive's date of termination, medical, dental, life and disability insurance coverage for the Executive and the members of his family which is not less favorable to the Executive than the group medical, dental, life and disability insurance coverage carried by the Company for the Executive and the members of his family immediately prior to such termination of employment; provided, however, that the obligations set forth in this sentence shall terminate to the extent the Executive obtains comparable medical, dental, life or disability insurance coverage from any other employer during such period, but the Executive shall not have any obligation to seek or accept employment during such period, whether or not any such employment would provide

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comparable medical and dental insurance coverage; and provided further, however, that the Executive shall be obligated to pay an amount equal to the active employee contribution, if any, for each such coverage.

(iii)For the avoidance of doubt, (x) the payment of the Severance Amount shall be in lieu of any amounts payable under the Company's severance policy (as then in effect) and the Executive hereby waives any and all rights thereunder and (y) if a termination of employment covered by Section 3(b) occurs at any time from and after the Transition Date, then the Severance Amount shall be calculated using the post-Transition Date reduced Base Salary and target level bonus opportunity provided pursuant to Sections 2(a) and 2(b)(i).

(c)Termination by Voluntary Resignation (without Good Reason) by the Executive. The Executive may terminate his employment with the Company without Good Reason at any time by voluntary resignation. Upon such termination, the Company shall have no further obligation to the Executive hereunder except for the payment of (i) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Section 2(d), and (iii) the payment or provision of any Other Benefits. Notwithstanding the foregoing, the Executive shall provide no less than 90 days' prior written notice of the effective date of his resignation (other than for Good Reason). The Company shall continue to pay the Executive his Base Salary during such 90-day period. Notwithstanding the foregoing, the Company, in its sole and absolute discretion, may waive the requirement for prior notice of the Executive's resignation or decrease the notice period, in which event the Company shall have no continuing obligation to pay the Executive's Base Salary or shall only have such obligation with respect to the shortened period, as the case may be.

(d)Disability. The Executive's employment shall be terminable by the Company, subject to applicable law and the Company's short-term and long-term disability policies then in effect, if the Executive becomes physically or mentally disabled, whether totally or partially, such that he is prevented from performing his usual duties and services hereunder for a period of 180 consecutive days as determined by a medical doctor selected by the Company and reasonably acceptable to the Executive or his legal representative (“Disability”). If the Executive's employment is terminated by the Company due to his Disability, the Company shall have no further obligation to the Executive hereunder, except for the payment to the Executive or his legal guardian or representative, as appropriate, of (i) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Section 2(d), and (iii) the payment or provision of any Other Benefits.

(e)Death. If the Executive shall die during the Employment Period, this Agreement shall terminate on the date of the Executive's death and the Company shall have no further obligation to the Executive hereunder except for the payment to the Executive's estate of (i) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Section 2(d) and (iii) the payment or provision of any Other Benefits.

(f)Termination by the Company without Cause or by the Executive For Good Reason Subsequent to a Change in Control.

(i)For purposes of this Agreement, the following terms shall have the meanings set forth below:

(A)“Change in Control” shall be deemed to occur upon the first to occur of the following events:

(1)Any “person” (as such term is used in Sections 3(a)(9) and 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”)), other than a “person”

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who as of the Effective Date was the owner of at least 8% of the combined voting power of the then-outstanding voting securities of PVH entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”), becomes (A) a “beneficial owner,” as such term is used in Rule 13d-3 of the Exchange Act, of at least one-quarter but less than one-half of the Outstanding Company Voting Securities, unless such acquisition has been approved within thirty (30) days thereafter by at least a majority of the Incumbent Board (as defined in clause (2) below taking into account the provisos), or (B) a “beneficial owner,” as such term is used in Rule 13d-3 of the Exchange Act, of at least one-half of the Outstanding Company Voting Securities; provided, however, that, for purposes of this Section 3(f)(i)(A)(1), the following acquisitions shall not constitute a Change in Control: (I) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so converted was itself acquired directly from the Company, (II) any acquisition by the Company, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any of its affiliates, or (IV) any acquisition pursuant to a transaction which complies with clauses (A), (B) and (C) of Section 3(f)(i)(A)(3) below;

(2)Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board;

(3)Consummation of a reorganization, merger, consolidation or a sale or other disposition of all or substantially all of the assets of PVH (each, a “Business Combination”), in each case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners of the outstanding shares of common stock of PVH (the “Outstanding Company Common Stock”) and the Outstanding Company Voting Securities, immediately prior to such Business Combination, beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and more than 50% of the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns PVH or all or substantially all of PVH's assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (B) no person (other than the Company, any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns directly or indirectly, 20% or more of, respectively, the outstanding shares of common stock of the corporation resulting from such Business Combination or the outstanding voting securities of such corporation entitled to vote generally in the election of directors, except to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the

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Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination, whichever occurs first; or

(4)The approval by the stockholders of PVH of a complete liquidation or dissolution of PVH.

(B)“Good Reason” shall mean the occurrence of any of the following events or circumstances without the Executive's prior written consent:

(1)the assignment to the Executive of any duties inconsistent in any material respect with the Executive's position (including status, offices, titles and reporting requirements), authority, duties or responsibilities as contemplated by Section 1(c) (or following a Change in Control, as in effect immediately prior to such Change in Control), or any other action by the Company that results in a material diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by the Executive and the assignment of additional or alternate duties or responsibilities to the Executive in connection with his professional development or the reallocation of some of the Executive's duties or responsibilities to other executives of the Company in connection with the evolution of the Executive's position; provided, however, that the Executive's removal from the Company's Operating Committee (including the Executive's removal from, or failure to be appointed to, any analogous committee of any successor to the Company following a Change in Control) shall be conclusively presumed to a material diminution of the Executive's authority, duties and responsibilities;

(2)a reduction of the Executive's Base Salary;

(3)the taking of any action by the Company that substantially diminishes (A) the aggregate value of the Executive's total compensation opportunity, and/or (B) the aggregate value of the employee benefits provided to the Executive pursuant to the Company's employee benefit and insurance plans as in effect on the Effective Date (or, following a Change in Control, as in effect immediately prior to such Change in Control);

(4)the Company requiring that the Executive's services be rendered primarily at a location or locations more than 35 miles from the location set forth in Section 1(c), except for travel, and visits to Company offices and facilities worldwide, reasonably required to attend to the Company's business; or

(5)the failure of the Company to require any successor to the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.

For the avoidance of doubt, the Executive's transition to the role of Executive Chairman of CKI pursuant to Section 1(c)(iii) will not be regarded as constituting Good Reason and, from and after the Transition Date, the determination of whether “Good Reason” exists shall be determined by reference to the Executive's new and adjusted position, authority, duties, responsibilities, compensation and other terms and conditions of employment, as provided in Sections 1(c)(iii), 2(a), 2(b), 2(e), 3(b)(i) and 3(f)(ii), as applicable.

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(ii)If within two years after the occurrence of a Change in Control, the Executive terminates his employment with the Company for Good Reason or the Company terminates the Executive's employment for any reason other than death, Disability or Cause, the Company (or the then former Company subsidiary employing the Executive), or the consolidated, surviving or transferee person in the event of a Change in Control pursuant to a consolidation, merger or sale of assets, the Executive shall be entitled to receive from the Company (A) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any); (B) all unreimbursed expenses (if any), subject to Section 2(d); (C) an aggregate amount (the “Change in Control Severance Amount”) equal to two times the sum of (I) the Base Salary plus (II) an amount equal to the bonus that would be payable if the “target” level performance were achieved under the Company's annual bonus plan (if any) in respect of the fiscal year during which the termination occurs (or the prior fiscal year if bonus levels have not yet been established for the year of termination); and (D) the payment or provision of any Other Benefits. The Change in Control Severance Amount shall be paid (x) in a lump sum, if the Change in Control event constitutes a “change in the ownership” or a “change in the effective control” of the Company or a “change in the ownership of a substantial portion of a corporation's assets” (each within the meaning of Section 409A), or (y) in 48 substantially equal payments, if the Change in Control event does not so comply with Section 409A. The lump sum amount shall be paid, or the installment payments shall commence, as applicable, on the first scheduled payroll date (in accordance with the Company's payroll schedule in effect for the Executive immediately prior to such termination) that occurs on or following the date that is 30 days after the Executive's termination of employment; provided, however, that the payment of such severance amount is subject to the Executive's compliance with the requirement to deliver the release contemplated pursuant to Section 4(a). Any such installment payment shall be treated as a separate payment as defined under Treasury Regulation §1.409A-2 (b)(2). If the Executive is a “specified employee” (as determined under the Company's policy for identifying specified employees) on the date of his “separation from service” (within the meaning of Section 409A) and if any portion of the severance amount described in clause (C) would be considered “deferred compensation” under Section 409A, such severance amount shall not be paid or commence to be paid on any date prior to the first business day after the date that is six months following the Executive's separation from service (unless any such payment(s) shall satisfy the short-term deferral rule, as defined in Treasury Regulation §1.409A-1(b)(4), or shall be treated as separation pay under Treasury Regulation §1.409A-1(b)(9)(iii) or §1.409A-1(b)(9)(v)). If paid in installments, the first payment that can be made shall include the cumulative amount of any amounts that could not be paid during such six-month period. In addition, interest will accrue at the 10-year T-bill rate (as in effect as of the first business day of the calendar year in which the separation from service occurs) on such lump sum amount or installment payments, as applicable, not paid to the Executive prior to the first business day after the sixth month anniversary of his separation from service that otherwise would have been paid during such six-month period had this delay provision not applied to the Executive and shall be paid at the same time at which the lump sum payment or the first installment payment, as applicable, is made after such six-month period. Notwithstanding the foregoing, a payment delayed pursuant to the preceding three sentences shall commence earlier in the event of the Executive's death prior to the end of the six-month period. Upon the termination of employment with the Company for Good Reason by the Executive or upon the involuntary termination of employment with the Company of the Executive for any reason other than death, Disability or Cause, in either case within two years after the occurrence of a Change in Control, the Company (or the then former Company subsidiary employing the Executive), or the consolidated, surviving or transferee person in the event of a Change in Control pursuant to a consolidation, merger or sale of assets, shall also provide, for the period of two consecutive years commencing on the date of such termination of employment, medical, dental, life and disability insurance coverage for the Executive and the members of his family which is not less favorable to the Executive than the group medical, dental, life and disability insurance coverage carried by the Company for the Executive and the members of his family either

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immediately prior to such termination of employment or immediately prior to the occurrence of such Change in Control, whichever is greater; provided, however, that the obligations set forth in this sentence shall terminate to the extent the Executive obtains comparable medical, dental, life or disability insurance coverage from any other employer during such two-year period, but the Executive shall not have any obligation to seek or accept employment during such two-year period, whether or not any such employment would provide comparable medical, dental, life and disability insurance coverage. For the avoidance of doubt, (X) the amounts payable under clause (C) of this Section 3(f)(ii) as severance shall be in lieu of any amounts payable under the Company's severance policy and the Executive hereby waives any and all rights thereunder and (Y) if a termination of employment covered by Section 3(f) occurs at any time from and after the Transition Date, then the Change In Control Severance Amount shall be calculated using the post-Transition Date reduced Base Salary and target level bonus opportunity provided pursuant to Sections 2(a) and 2(b)(i).

(iii)Excise Taxes.Notwithstanding anything in the foregoing to the contrary, if Independent Tax Counsel (as that term is defined below) determines that the aggregate payments and benefits provided or to be provided to the Executive pursuant to this Agreement, and any other payments and benefits provided or to be provided to the Executive from the Company or affiliates or any successors thereto constitute “parachute payments” as defined in Section 280G (or any successor provision thereto) of the Internal Revenue Code of 1986, as amended (the “Code” and any such payments and benefits, “Parachute Payments”) that would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then, except as otherwise provided in the next sentence, such Parachute Payments shall be reduced to the extent the Independent Tax Counsel shall determine is necessary (but not below zero) so that no portion thereof shall be subject to the Excise Tax. If Independent Tax Counsel determines that the Executive would receive in the aggregate greater payments and benefits on an after tax basis if the Parachute Payments were not reduced pursuant to this Section 3(f)(iii), then no such reduction shall be made. The determination of which payments or benefits shall be reduced to avoid the Excise Tax shall be made by the Independent Tax Counsel, provided that the Independent Tax Counsel shall reduce or eliminate, as the case may be, payments or benefits in the order that it determines will produce the required reduction in total Parachute Payments with the least reduction in the after-tax economic value to the Executive of such payments. If the after-tax economic value of any payments are equivalent, such payments shall be reduced in the inverse order of when the payments would have been made to the Executive until the reduction specified herein is achieved. The determination of the Independent Tax Counsel under this Section 3(f)(iii) shall be final and binding on all parties hereto. For purposes of this Section 3(f)(iii), “Independent Tax Counsel” shall mean a lawyer, a certified public accountant with a nationally recognized accounting firm, or a compensation consultant with a nationally recognized actuarial and benefits consulting firm with expertise in the area of executive compensation tax law, who shall be selected by the Company and shall be acceptable to the Executive (the Executive's acceptance not to be unreasonably withheld), and whose fees and disbursements shall be paid by the Company. Notwithstanding anything herein to the contrary, this Section 3(f)(iii) shall be interpreted (and, if determined by the Company to be necessary, reformed) to the extent necessary to fully comply with Section 409A of the Code; provided that the Company agrees to maintain, to the maximum extent practicable, the original intent and economic benefit to the Executive of the applicable provision without violating the provisions of Section 409A of the Code.

(g)Notice of Termination. Any termination by the Company or by the Executive, other than a termination by reason of the Executive's death, shall be communicated by a Notice of Termination to the other party hereto given in accordance with Section 7(c). “Notice of Termination” means a written notice that (i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated, and (iii) if the date of termination is other than the date of receipt of such notice, specifies the date of termination.

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(h)Date of Termination. For purposes of this Agreement the Executive's date of termination of employment shall be (i) if the Executive's employment is terminated by the Company with or without Cause, by the Executive for Good Reason, or due to the Executive's Disability, the date of termination shall be the date on which the other party receives the Notice of Termination, unless a later date is mutually agreed, (ii) if the Executive's employment is terminated by the Executive other than for Good Reason, the 90^th day following the Company's receipt of the Notice of Termination, unless the Company waives or reduces such period as provided in Section 3(c), and (iii) if the Executive's employment is terminated by reason of death, the date of termination shall be the date of death.

(i)Resignation. Upon termination of the Executive's employment for any reason, the Executive agrees to resign, effective as of the date of termination, from any positions that the Executive holds with the Company and its affiliates, the Board (and any committees thereof), unless the Board requests otherwise and the Executive agrees, and the board of directors (and any committees thereof) of any of the Company's subsidiaries and affiliates.

4.Effect of Termination.

(a)Full Settlement. The amounts paid to the Executive pursuant to Section 3(b) or 3(f)(ii), as applicable, following termination of his employment shall be in full and complete satisfaction of the Executive's rights under this Agreement and any other claims he may have with respect to his employment by the Company and the termination thereof, other than as expressly provided in Section 2(b). Such amounts shall constitute liquidated damages with respect to any and all such rights and claims. In consideration of the Executive's receipt thereof, the Executive shall execute a release in favor of the Company, substantially in the form of Exhibit A hereto. Pursuant to said release, the Company shall be released and discharged from any and all liability to the Executive in connection with this Agreement and otherwise in connection with the Executive's employment with the Company and the termination thereof, including, without limitation, any claims arising under federal, state or local labor, employment and employment discrimination laws, but excluding claims with respect to this Agreement and any Plan. The payments and provision of benefits to the Executive required by Sections 3(b) and 3(f)(ii), other than amounts that are required to be paid to the Executive under applicable law, shall be conditioned upon the Executive's delivery (and non-revocation prior to the expiration of the revocation period contained in the release) of such release in favor of the Company, provided that such conditions are met on or before the date that is 30 days after the date of the Executive's termination of employment. If such conditions are not met by such date, the Executive shall forfeit such payments and benefits. Notwithstanding the foregoing, nothing herein shall be construed to release the Company from its obligations to indemnify the Executive (as set forth in Section 7(h)).

(b)No Duplication; No Mitigation; Limited Offset. In no event shall the Executive be entitled to duplicate payments or benefits under different provisions of this Agreement or pursuant to the terms of any other plan, program or arrangement of the Company or its affiliates. In the event of any termination of the Executive's employment, the Executive shall be under no obligation to seek other employment, and, there shall be no offset against amounts due the Executive under this Agreement or pursuant to any plan of the Company or any of its affiliates on account of any remuneration attributable to any subsequent employment or any claim asserted by the Company or any of its affiliates, except with respect to the continuation of benefits under Sections 3(b) and 3(f)(ii), which shall terminate immediately upon obtaining comparable coverage from another employer.

5.Restrictive Covenants.

(a)Confidentiality. The Executive recognizes that any knowledge and information of any type whatsoever of a confidential nature relating to the business of the Company, including, without limitation, all types of trade secrets, vendor and customer lists and information, employee lists and

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information, information regarding product development, marketing plans, management organization information, operating policies and manuals, sourcing data, performance results, business plans, financial records, and other financial, commercial, business and technical information (collectively, “Confidential Information”), must be protected as confidential, not copied, disclosed or used, other than for the benefit of the Company, at any time. The Executive further agrees that at any time during the Employment Period or thereafter he will not divulge to anyone (other than the Company or any person employed or designated by the Company), publish or make use of any Confidential Information without the prior written consent of the Company, except as (and only to the extent) (i) required by an order of a court having competent jurisdiction or under subpoena from an appropriate government agency and then only after providing the Company with the reasonable opportunity to prevent such disclosure or to receive confidential treatment for the Confidential Information required to be disclosed, (ii) with respect to any other litigation, arbitration or mediation involving this Agreement, including, but not limited to the enforcement of this Agreement or (iii) as to Confidential Information that becomes generally known to the public or within the relevant trade or industry other than due to the Executive's violation of this Section 5(a). The Executive further agrees that following the termination of the Employment Period for whatever reason, (A) the Company shall keep all tangible property assigned to the Executive or prepared by the Executive and (B) the Executive shall not misappropriate or infringe upon the Confidential Information of the Company (including the recreation or reconstruction of Confidential Information from memory).

(b)Non-Interference. The Executive acknowledges that information regarding the Company's business and financial relations with its vendors and customers is Confidential Information and proprietary to the Company and that any interference with such relations based directly or indirectly on the use of such information would cause irreparable damage to the Company. The Executive acknowledges that by virtue of his employment with the Company, he has gained or may gain knowledge of such information concerning the Company's vendors and customers (respectively “Vendor Information” or “Customer Information”), and that he would inevitably have to draw on this Vendor Information and Customer Information and on other Confidential Information if he were to solicit or service the Company's vendors or customers on behalf of a competing business enterprise. Accordingly, and subject to the immediately following sentence, the Executive agrees that during the Employment Period and for a period of 18 months following the termination thereof, other than by reason of a termination by the Company without Cause or by the Executive for Good Reason, the Executive will not, on behalf of himself or any other person, other than the Company, directly or indirectly do business with, solicit the business of, or perform any services for any actual vendor or customer of the Company, any person that has been a vendor or customer of the Company within the 12-month period preceding such termination or any actively solicited prospective vendor or customer as to whom or which the Executive provided any services or as to whom or which the Executive has knowledge of Vendor Information, Customer Information or Confidential Information. The foregoing restrictive covenant shall only apply to business activities engaged in by the Executive on behalf of himself or any other person that are directly competitive with those of the operating divisions of the Company in which the Executive has worked or over which he has or has had supervisory responsibility, in terms of channels of distribution, types of products, gender for which the products have been designed and similarity of price range. In addition, the Executive agrees that, during the Employment Period and such 18-month period thereafter, he will not, directly or indirectly, seek to encourage or induce any such vendor or customer to cease doing business with, or lessen its business with, the Company, or otherwise interfere with or damage (or attempt to interfere with or damage) any of the Company's relationships with its vendors and customers, except in the ordinary course of the Company's business.

(c)Non-Competition. The Executive agrees that, during the Employment Period and for a period of 12 months following his termination of employment, other than upon a termination by the Company without Cause or by the Executive for Good Reason, the Executive shall not, without the prior written consent of the Company, directly or indirectly, on the Executive's behalf or on behalf of any other person, firm, corporation, association or other entity, as an employee, director, advisor, partner, consultant

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or otherwise, engage in any business of, provide services to, enter the employ of, or have any interest in, any other person, firm, corporation or other entity that is engaged in a business that is in competition with the primary businesses or products of the Company as of the Executive's date of termination (following a Change in Control, such businesses or products shall be limited to those in which the Executive has worked or over which he has or has had supervisory responsibility, in terms of channels of distribution, types of products, gender for which the products have been designed and similarity of price range, as of his date of termination). Nothing herein shall restrict the Executive from owning, for personal investment purposes only, less than 5% of the voting stock of any publicly held corporation or 2% of the ownership interest in any non-publicly held company, if the Executive has no other connection or relationship with the issuer of such securities.

(d)Non-Solicitation. The Executive agrees that during the Employment Period and for a period of 18 months following the termination thereof for any reason, he will not hire or solicit to hire, whether on his own behalf or on behalf of any other person (other than the Company), any employee of the Company or any individual who had left the employ of the Company within 12 months of the termination of the Executive's employment with the Company. In addition, during the Employment Period and such 18-month period thereafter, the Executive will not, directly or indirectly, encourage or induce any employee of the Company to leave the Company's employ, except in the ordinary course of the Company's business.

(e)Public Comment. The Executive, during the Employment Period and at all times thereafter, shall not make any derogatory comment concerning the Company or any of its current or former directors, officers, stockholders or employees. Similarly, the then current (i) members of the Board and (ii) members of the Company's senior management shall not make any derogatory comment concerning the Executive, and the Company shall use reasonable efforts to ensure that the former (A) members of the Board and (B) members of the Company's senior management do not make any derogatory comment concerning the Executive.

(f)Blue Penciling. If any of the restrictions on competitive or other activities contained in this Section 5 shall for any reason be held by a court of competent jurisdiction to be excessively broad as to duration, geographical scope, activity or subject, such restrictions shall be construed so as thereafter to be limited or reduced to be enforceable to the extent compatible with the applicable law; it being understood that by the execution of this Agreement, (i) the parties hereto regard such restrictions as reasonable and compatible with their respective rights and (ii) the Executive acknowledges and agrees that the restrictions will not prevent him from obtaining gainful employment subsequent to the termination of his employment. The existence of any claim or cause of action by the Executive against the Company shall not constitute a defense to the enforcement by the Company of the foregoing restrictive covenants, but such claim or cause of action shall be determined separately.

(g)Injunctive Relief. The Executive acknowledges and agrees that the covenants and obligations of the Executive set forth in this Section 5 relate to special, unique and extraordinary services rendered by the Executive to the Company and that a violation of any of the terms of such covenants and obligations will cause the Company irreparable injury for which adequate remedies are not available at law. Therefore, the Executive agrees that the Company shall be entitled to seek an injunction, restraining order or other temporary or permanent equitable relief (without the requirement to post bond) restraining the Executive from committing any violation of the covenants and obligations contained herein. These injunctive remedies are cumulative and are in addition to any other rights and remedies the Company may have at law or in equity.

6.Work for Hire. The Executive agrees that all marketing, operating and training ideas, sourcing data, processes and materials, including all inventions, discoveries, improvements, enhancements, written materials and development related to the business of the Company (“Proprietary Materials”) to which the

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Executive may have access or that the Executive may develop or conceive while employed by the Company shall be considered works made for hire for the Company and prepared within the scope of employment and shall belong exclusively to the Company. Any Proprietary Materials developed by the Executive that, under applicable law, may not be considered works made for hire, are hereby assigned to the Company without the need for any further consideration, and the Executive agrees to take such further action, including executing such instruments and documents as the Company may reasonably request, to evidence such assignment.

7.Miscellaneous.

(a)Assignment and Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, legatees, executors, administrators, legal representatives, successors and assigns.

Notwithstanding anything in the foregoing to the contrary, the Executive may not assign any of his rights or obligations under this Agreement without first obtaining the written consent of the Company. The Company may assign this Agreement in connection with a sale of all or substantially all of its business and/or assets (whether direct or indirect, by purchase, merger, consolidation or otherwise) and will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. “Company” means the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

(b)Survival. The provisions of Sections 3, 4, 5, 6 and 7 shall survive the termination of this Agreement pursuant to Section 3.

(c)Notices. Any notices to be given hereunder shall be in writing and delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid as follows:

If to the Executive, addressed to the Executive at the address then shown in the Executive's employment records

If to the Company at:

PVH Corp.

200 Madison Avenue

New York, New York 10016

Attention: Chairman

With a copy to:

PVH Corp.

200 Madison Avenue

New York, New York 10016

Attention: Senior Vice President, General Counsel and Secretary

Any party may change the address to which notices are to be sent by giving notice of such change of address to the other party in the manner provided above for giving notice.

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(d)Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, without regard to the principles thereof relating to the conflict of laws.

(e)Consent to Jurisdiction. Any judicial proceeding brought against the Executive with respect to this Agreement may be brought in any court of competent jurisdiction in the Borough of Manhattan in the City and State of New York and, by execution and delivery of this Agreement, the Executive: (i) accepts, generally and unconditionally, the nonexclusive jurisdiction of such courts and any related appellate courts, and irrevocably agrees to be bound by any final judgment (after exhausting all appeals therefrom or after all time periods for such appeals have expired) rendered thereby in connection with this Agreement, and (ii) irrevocably waives any objection the Executive may now or hereafter have as to the venue of any such suit, action or proceeding brought in such a court or that such court is an inconvenient forum.

(f)Severability. The invalidity of any one or more provisions of this Agreement or any part thereof shall not affect the validity of any other provision of this Agreement or part thereof; and in the event that one or more provisions contained herein shall be held to be invalid, the Agreement shall be reformed to make such provisions enforceable.

(g)Waiver. The Company, in its sole discretion, may waive any of the requirements imposed on the Executive by this Agreement. The Company, however, reserves the right to deny any similar waiver in the future. Each such waiver must be express and in writing and there will be no waiver by conduct. Pursuit by the Company of any available remedy, either in law or equity, or any action of any kind, does not constitute waiver of any other remedy or action. Such remedies and actions are cumulative and not exclusive. The Executive's or the Company's failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason or the Company's right to terminate the Executive's employment for Cause, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement.

(h)Indemnification. The Executive shall be entitled to indemnification (and the advancement of expenses) in connection with a litigation or proceeding arising out of the Executive's acting as Chief Executive Officer of CKI, or Executive Chairman of CKI or an employee, officer or director of the Company (or, to the extent such service is requested by the Company, any of its affiliates), to the maximum extent permitted by applicable law; provided, however, that in the event that it is finally determined that the Executive is not entitled to indemnification, the Executive shall promptly return any advanced amounts to the Company. In addition, the Executive shall be entitled to liability insurance coverage pursuant to a Company-purchased directors' and officers' liability insurance policy on the same basis as other directors and officers of the Company.

(i)Legal Fees. The Company agrees to reimburse the Executive (within 10 days following the Company's receipt of an invoice from the Executive), at any time from the Effective Date of this Agreement through the Executive's remaining lifetime (or, if longer, through the 20th anniversary of the Effective Date) to the fullest extent permitted by law, for all legal fees and expenses that the Executive may reasonably incur as a result of any contest by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), provided, that the Executive prevails with respect to at least one substantive issue in dispute. In order to comply with Section 409A, in no event shall the payments by the Company under this Section 7(i) be made later than the end of the calendar year next following the calendar year in which any such contest is finally resolved, provided, that the Executive shall have submitted an invoice for such fees and expenses at least 10 days before the end of the calendar year next following the calendar year in which such

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contest is finally resolved. The amount of such legal fees and expenses that the Company is obligated to pay in any given calendar year shall not affect the legal fees and expenses that the Company is obligated to pay in any other calendar year, and the Executive's right to have the Company pay such legal fees and expenses may not be liquidated or exchanged for any other benefit.

(j)Section Headings. The section headings contained in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.

(k)Withholding. Any payments provided for herein shall be reduced by any amounts required to be withheld by the Company from time to time under applicable Federal, State or local employment or income tax laws or similar statutes or other provisions of law then in effect.

(l)Section 409A of the Code. The provisions of this Agreement and any payments made herein are intended to comply with, and should be interpreted consistent with, the requirements of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder (collectively, “Section 409A”). The time or schedule of a payment to which the Executive is entitled under this Agreement may be accelerated at any time that this Agreement fails to meet the requirements of Section 409A and any such payment will be limited to the amount required to be included in the Executive's income as a result of the failure to comply with Section 409A.

(m)Entire Agreement. This Agreement contains the entire understanding, and cancels and supersedes all prior agreements, including, without limitation, the Existing Agreement, and any agreement in principle or oral statement, letter of intent, statement of understanding or guidelines of the parties hereto with respect to the subject matter hereof, excluding the Plans or the plans referred to in Section 2(c), the terms and conditions of which shall not be affected hereby. This Agreement may be amended, supplemented or otherwise modified only by a written document executed by each of the parties hereto or their respective successors or assigns. The Executive acknowledges that he is entering into this Agreement of his own free will and accord with no duress, and that he has read this Agreement and understands it and its legal consequences.

(n)Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement on July 23, 2013.

	CALVIN KLEIN, INC.
By:	/s/ Mark D. Fischer
Name:	Mark D. Fischer
Title:	Executive Vice President
	/s/ Paul Thomas Murry
	Paul Thomas Murry

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EXHIBIT A

RELEASE

TO ALL TO WHOM THESE PRESENTS SHALL COME OR MAY CONCERN, KNOW THAT PAUL THOMAS MURRY (the “Releasor”), on behalf of himself and his heirs, executors, administrators and legal representatives, in consideration of the severance to be paid and other benefits provided pursuant to Section [3(b)][3(f)] of the Third Amended and Restated Employment Agreement between the Releasor and CALVIN KLEIN, INC., dated as of June [__], 2013 (as the same may have been heretofore amended, the “Agreement”), hereby irrevocably, unconditionally, generally and forever releases and discharges Calvin Klein, Inc., its parent corporation, PVH Corp., and their respective current and former affiliates (collectively, the “Company”), each of their respective current and former officers, directors, employees, agents, representatives and advisors and their respective heirs, executors, administrators, legal representatives, receivers, affiliates, beneficial owners, successors and assigns (collectively, the “Releasees”), from, and hereby waives and settles, any and all, actions, causes of action, suits, debts, promises, damages, or any liability, claims or demands, known or unknown and of any nature whatsoever and which the Releasor ever had, now has or hereafter can, shall or may have, for, upon, or by reason of any matter, cause or thing whatsoever from the beginning of the world to the date of this Release arising directly or indirectly pursuant to or out of his employment with the Company or the termination of such employment (collectively, “Claims”), including, without limitation, any Claims (i) arising under any federal, state, local or other statutes, orders, laws, ordinances, regulations or the like that relate to the employment relationship and/or worker or workplace protection and/or specifically prohibit discrimination based upon age, race, religion, gender, national origin, disability, sexual orientation or any other unlawful bases, including, without limitation, the Age Discrimination in Employment Act of 1967, as amended, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, as amended, the Civil Rights Acts of 1866 and 1871, as amended, the Americans with Disabilities Act of 1990, as amended, the Employee Retirement Income Security Act of 1974, as amended, the Family and Medical Leave Act of 1993, as amended, the New Jersey Law Against Discrimination, as amended, the New York State and New York City Human Rights Laws, as amended, the laws of the States of New York and New Jersey, the City of New York and Somerset County, New Jersey relating to discrimination, as amended, and any and all applicable rules and regulations promulgated pursuant to or concerning any of the foregoing statutes; (ii) arising under or pursuant to any contract, express or implied, written or oral, including, without limitation, the Agreement; (iii) for wrongful dismissal or termination of employment; (iv) for tort, tortious or harassing conduct, infliction of mental or emotional distress, fraud, libel or slander; and (v) for damages, including, without limitation, punitive or compensatory damages or for attorneys' fees, expenses, costs, wages, injunctive or equitable relief. This Release shall not apply to any claim that the Releasor may have for a breach of Section [3(b)] [3(f)], 5(e), 7(h) or 7(i) of the Agreement or any plan or program referred to in Section 2(b) or 2(c) of the Agreement.

The Releasor agrees not to file, assert or commence any Claims against any Releasee with any federal, state or local court or any administrative or regulatory agency or body. Notwithstanding the foregoing, nothing herein shall constitute a release by the Releasor of a claim to the extent such claim is not waivable as a matter of applicable law. Without limiting the generality of the foregoing, nothing herein shall affect any right to file an administrative charge with the Equal Employment Opportunity Commission, subject to the restriction that if any such charge is filed, the Releasor agrees not to violate the confidentiality provisions of the Agreement and further agrees and covenants that should he or any other person, organization, or other entity file, charge, claim, sue or cause or permit to be filed any charge with the Equal Employment Opportunity Commission, civil action, suit or legal proceeding against the Releasees (or any of them) involving any matter occurring at any time in the past, the Releasor will not seek or accept any personal relief (including, but not limited to, a monetary award, recovery, relief or settlement) in such charge, civil action, suit or proceeding.

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The Releasor represents and warrants that there has been no assignment or other transfer of any interest in any Claim which the Releasor may have against the Releasees, or any of them, and the Releasor agrees to indemnify and hold the Releasees, and each of them, harmless from any Claims, or other liability, demands, damages, costs, expenses and attorneys' fees incurred by the Releasees, or any of them, as a result of any person asserting any such assignment or transfer. It is the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by the Releasees against the Releasor under this indemnity.

The Releasor agrees that if he hereafter commences, joins in, or in any manner seeks relief through any suit arising out of, based upon, or relating to any Claim released hereunder, or in any manner asserts against the Releasees, or any of them, any Claim released hereunder, then the Releasor shall pay to the Releasees, and each of them, in addition to any other damages caused to the Releasees thereby, all attorneys' fees incurred by the Releasees in defending or otherwise responding to said suit or Claim.

The Releasor hereby waives any right to, and agrees not to, seek reinstatement of his employment with the Company or any Releasee. The Releasor acknowledges that the amounts to be paid to him under Section [3(b)][3(f)] of the Agreement do not include any benefit, monetary or otherwise, which the Releasor has earned or accrued, or to which he is already entitled.

The Releasor acknowledges that he was advised by the Company to consult with his attorney concerning the waivers contained in this Release, that he has consulted with counsel, and that the waivers the Releasor has made herein are knowing, conscious and with full appreciation that he is forever foreclosed from pursuing any of the rights so waived. The Releasor has a period of 21 days from the date on which a copy of this Release has been delivered to him to consider whether to sign it. In addition, in the event that the Releasor elects to sign and return to PVH Corp. a copy of this Release, the Releasor has a period of seven days (the “Revocation Period”) following the date of such return to revoke this Release, which revocation must be in writing and delivered to PVH Corp., 200 Madison Avenue, New York, New York 10016, Attention: General Counsel, within the Revocation Period. This Release, and the Releasor's right to receive the amounts to be paid to him under Section [3(b)] [3(f)(ii)], shall not be effective or enforceable until the expiration of the Revocation Period without the Releasor's exercise of his right of revocation.

This Release shall not be amended, supplemented or otherwise modified in any way except in a writing signed by the Releasor and PVH Corp.

This Release shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, without reference to its principles of conflicts of law.

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IN WITNESS WHEREOF, the Releasor has caused this Release to be executed as of ___________________, 20__.

__________________________________________

Paul Thomas Murry

SWORN TO AND SUBSCRIBED

BEFORE ME THIS ____ DAY OF

____________________, 20__.

Notary Public

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EX-10.4

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”), dated as of July 23, 2013, between PVH B.V., a private limited liability company organized under the laws of the Netherlands (“PVH Europe” and, together with its affiliates, including, without limitation, its indirect parent corporation, PVH Corp. (the “Company”; the Company shall refer to PVH Europe or PVH Corp. (“PVH”) or PVH and its affiliates and subsidiaries, including PVH Europe, collectively, as the context may require), and FRED GEHRING (the “Executive”).

WITNESSETH:

WHEREAS, the Executive currently serves as Chief Executive Officer of Tommy Hilfiger and PVH International Operations, pursuant to an Employment Agreement between the Executive and PVH Europe (formerly known as Tommy Hilfiger B.V.), dated as of May 6, 2010, as amended (the “Existing Agreement”);

WHEREAS, the Executive has been employed with PVH Europe or one of its affiliates continuously since June 1, 1997, which date, for purposes of calculating the Executive’s seniority, shall be deemed as the date of commencement of his employment with PVH Europe;

WHEREAS, the Executive desires to continue to be employed by PVH Europe on the terms and conditions set forth herein, and agrees that this Agreement shall amend and supersede the terms and conditions of the Existing Agreement.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, the parties hereto hereby agree as follows:

1.Employment.

(a)Effective Date. This Agreement shall be effective as of July 1, 2013 (the “Effective Date”).

(b)Employment Period. PVH Europe agrees to continue to employ the Executive, and the Executive agrees to continue to be employed by PVH Europe, in accordance with the terms and conditions hereof. The Executive shall be an employee at will and this Agreement shall not constitute a guarantee of employment. Each of the parties acknowledges and agrees that either party may terminate the Executive’s employment at any time, for any reason, with or without Cause (as defined in Section 3(a)), subject to the applicable notice periods. Each party hereto may terminate this Agreement by giving written notice before the end of a calendar month, subject to a notice period of 90 days for the Executive and 180 days for PVH Europe, if applicable. This Agreement will automatically terminate upon the end of the month during which the Executive reaches the State pension age (AOW-gerechtigde leeftijd). The period commencing on the Effective Date and ending on the last day of the applicable notice period is hereinafter referred to as the “Employment Period.”

(c)Position and Duties.

(i)    During the Employment Period and subject to Section 1(c)(iii), the Executive shall serve as Chief Executive Officer of PVH Europe and hold the title “Chief Executive Officer of Tommy Hilfiger and PVH International Operations.”

(A)As Chief Executive Officer of Tommy Hilfiger, the Executive shall have such duties and responsibilities as shall from time to time be assigned to him and as are consistent and commensurate with his title and position. Without limiting the generality of the foregoing, the managers of the European and Asian businesses operated by PVH Europe under the Tommy Hilfiger brands will report to the Executive or to persons reporting to the Executive; provided, however, that, it is understood and agreed that (x) the Chief Financial Officer of PVH Europe will report to both the chief operating officer of PVH Europe and the principal financial officer of PVH and (y) the international managers for PVH Europe’s legal, risk, audit, governance and compliance, treasury and other integral corporate functions (not including human resources) may also be required to report with respect to certain matters to PVH’s head of their respective function (or such PVH’s head’s direct reports).

(B)As Chief Executive Officer of PVH International Operations, the Executive shall oversee (x) the European operations of PVH’s Calvin Klein business (excluding those Calvin Klein business activities directly overseen by PVH’s Calvin Klein, Inc. subsidiary) and (x) PVH’s other direct operations in Europe (excluding business activities directly overseen by PVH).

(C)In addition to the Executive’s duties and responsibilities described in Sections 1(c)(i)(A), 1(c)(i)(B), and 1(c)(iii), the Executive shall perform an advisory role on the future plans to gradually integrate PVH’s Tommy Hilfiger and Calvin Klein business operations in Asia and South America.

(D)The Executive’s services shall be performed at PVH Europe’s headquarters in Amsterdam, The Netherlands (or such other location as may be mutually agreed between the Company and the Executive), except for travel and visits to Company offices and facilities worldwide, reasonably required to attend to the Company’s business.

(ii)        During the Employment Period and subject to Section 1(c)(iii), and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote substantially all of his business attention and time (with business time determined in accordance with the Company’s usual and customary standards for its senior executives) to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive’s reasonable best efforts to perform faithfully and conscientiously such responsibilities. During the Employment Period, the Executive shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic and charitable boards and to manage his personal and family investments, in each case, to the extent such activities do not materially interfere, in the reasonable judgment of PVH’s Board of Directors (which, for purposes of this Agreement, includes any committee thereof, unless the context requires otherwise (the “Board”)), with the performance of his duties for the Company and are otherwise consistent with the Company’s governance policies. Notwithstanding

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the foregoing, (A) the Executive may continue to maintain a direct or indirect ownership interest in each of Pepe Holdings Ltd., TH Asia Limited, and Karl Lagerfeld B.V. (formerly known as Asian and Western Classics B.V.), including the right to increase his ownership interest in each such entity; and (B) the Executive may purchase and maintain a direct or indirect ownership interest in Denham the Jeanmaker B.V.and may increase his ownership in such entity. Furthermore, the Executive may continue his directorship in TH Asia Limited and Karl Lagerfeld B.V. and support Apax Partners L.P. and/or any of its affiliates in defining a new business strategy for Karl Lagerfeld B.V.; provided, however, that in all such cases, such directorship and support shall not interfere with the Executive’s performance of his duties hereunder in any significant manner and any services provided to any such entity shall not directly conflict with, or bring such entity into direct competition with, any of the Company’s businesses. For the avoidance of doubt, the Executive is not allowed to perform services for Pepe Holdings Ltd.

(iii)In addition to the duties and responsibilities outlined in paragraphs (A), (B), (C) and (D) of Section 1(c)(i), it is acknowledged and agreed that during the term of this Agreement, the Executive is expected to train a successor chief executive officer of PVH Europe and transitioning his responsibilities to such person no later than the third anniversary of the Effective Date. The Executive shall report regularly to the principal executive officer of PVH (“PVH’s CEO”) on the progress of the development of the Executive’s successor, provide for appropriate interactions between the successor and PVH’s CEO, and make a recommendation to PVH’s CEO as to when the Executive believes that his successor is ready to succeed him; provided, however, that in no event shall a transition take place prior to the first anniversary of the Effective Date. Upon the confirmation by PVH’s CEO that the successor is ready to assume the Executive’s duties, the Executive shall transition to the role of “Executive Chairman of PVH Europe” and shall no longer hold the title of “Chief Executive Officer of Tommy Hilfiger” or “Chief Executive Officer of PVH International Operations” as of a date established by PVH’s CEO (the “Transition Date”). The parties acknowledge and agree that whether or not the Executive resigns as managing director of PVH Europe in connection with the transition, this Employment Agreement will continue following the Transition Date and will not automatically terminate as a result of the Executive no longer being a managing director of PVH Europe following the Transition Date, unless they agree otherwise at that time. As Executive Chairman of PVH Europe, the Executive shall be involved in establishing the overall strategy of PVH Europe but shall no longer be responsible for day-to-day operations of PVH Europe. The Executive shall also serve as an advisor to his successor as chief executive officer of PVH Europe and to PVH’s CEO on matters related to PVH. Following the Transition Date, the Executive’s working hours shall be reduced to 50% of his working hours prior to the Effective Date (although the Executive’s responsibilities may from time to time require that the Executive’s working hours be adjusted by plus or minus 10%) or approximately two to three days per business week. Following the Transition Date, the Executive may regulate his working hours and work location as he reasonably determines, so long as he continues to satisfy his responsibilities pursuant to this Agreement.

(iv)During the Employment Period, the Executive shall report only to PVH’s CEO.

2.Compensation.

(a)Base Salary. During the Employment Period and prior to the Transition Date, PVH Europe shall pay the Executive a salary at the annual rate of 950,000 Euros (“Base Salary”), which amount includes holiday pay, payable in accordance with the normal payroll

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procedures of PVH Europe in effect from time to time. The Executive’s Base Salary shall be reviewed for increase at least annually by the Board in connection with its normal performance review policies for senior executives. Except as otherwise provided in the following sentence, Base Salary shall not be reduced after any increase. From and after the Transition Date, the Base Salary shall be reduced by 50%. Following the Transition Date, the Base Salary, as reduced pursuant to the foregoing sentence, shall be reviewed for increase annually by the Board pursuant to its normal performance review policies for senior executives. The term Base Salary as utilized in this Agreement shall refer to the Executive’s annual base salary as then in effect.

(b)Incentive and Bonus Compensation. The Executive shall be eligible to participate in the Company’s existing and future bonus and stock plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time; provided, however, that it is acknowledged, understood and agreed that the Executive has received an equity award in PVH’s 2013 fiscal year (the “2013 Award”) and no further equity awards will be made to him in PVH’s 2013, 2014, or 2015 fiscal years. For the avoidance of doubt, the parties acknowledge and agree that the Executive’s transition to the role of Executive Chairman of PVH Europe, as contemplated in Section 1(c)(iii), shall not affect his rights with respect to the 2013 Award. The Executive acknowledges and agrees that eligibility to participate in a Plan is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan.

(i)Notwithstanding anything herein to the contrary, the Executive acknowledges and agrees that following the Transition Date, the Executive’s bonus opportunity under any such Plan shall be reduced by 50%; provided, however, that the Executive shall be eligible to receive with respect to the year in which the Transition Date occurs any bonus earned multiplied by a fraction, the numerator of which is equal to the sum of (A) the number of days during the year prior to the Transition Date plus (B) the product of (x) the number of days during such year from and after the Transition Date multiplied by (y) 0.5 and the denominator of which is 365.

(ii)To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, PVH’s CEO and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the sole and absolute discretion of PVH’s CEO or the Board. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

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(c)Benefits.

(i)The Executive shall be eligible to participate in all employee benefit and insurance plans sponsored or maintained by the Company for similarly situated executives (including any savings, retirement, life, health and disability plans), to the extent that the Executive is qualified to participate in any such plan under the generally applicable provisions thereof in effect from time to time and subject to applicable law, it being acknowledged that by virtue of the Executive’s residence and principal workplace being in Amsterdam, the Netherlands, as well as the continuation of the Executive’s participation in certain plans that were in effect for him and/or the employees of PVH Europe prior to the Effective Date, that there may be differences in the employee benefit and insurance plans provided to him and PVH’s executives in the United States. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any such plan in its sole and absolute discretion. Except as otherwise provided herein, the terms of each such plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof.

(ii)In furtherance of the foregoing, the parties acknowledge and agree as follows:

(A)The Executive shall continue to participate in the collective pension scheme of PVH Europe. The Executive’s pensionable basis (pensioengevend salaris) was equal to [672,525] Euros as of the Effective Date. The Executive’s pensionable basis will be increased annually by the same percentage, if any, as the percentage increase of the Base Salary during any fiscal year of PVH during the Employment Period that commences after the Effective Date.

(B)The Company shall continue to procure at its cost accident insurance covering the Executive for business-related accidents and for accidents of everyday life with coverage of 2,500,000 Euros in case of death and 200,000 Euros in case of disability caused by illness or an accident, in favor of the Executive and his heirs, as the case may be.

(C)The Company shall continue to procure at its cost Directors’ and Officer’s Liability Insurance covering the Executive providing customary and adequate insurance coverage for him consistent with the policy or policies in effect immediately prior to the Effective Date, including, without limitation, with respect to deductibles and coverage amounts.

(D)The Company shall continue to procure at its cost disability insurance for the benefit of the Executive providing for a maximum of 200,000 Euros of annual income in case the Executive becomes fully disabled through illness or an accident.

(d)Vacation. The Executive shall be entitled to paid vacation totaling (i) 25 working days (excluding Saturdays) each calendar year during the Employment Period prior to the Transition Date, and (ii) 10 working days (excluding Saturdays) each calendar year during the Employment Period from and after the Transition Date. Vacation days shall be taken at the reasonable discretion of the Executive in accordance with the Company’s interests and after consultation with PVH’s CEO and the Chief Financial Officer and Chief Operating Officer of PVH Europe. The Executive shall ensure that he can be reached at all times during his vacation on reasonable notice.

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(e)Expenses. The Company shall pay or reimburse the Executive for reasonable expenses incurred or paid by the Executive in the performance of the Executive’s duties hereunder in accordance with the generally applicable policies and procedures of the Company, as in effect from time to time and subject to the terms and conditions thereof. Such procedures include the reimbursement of approved expenses within 30 days after approval.

3.Termination of Employment.

(a)Termination for Cause by PVH Europe. If PVH Europe terminates this Agreement for Cause, PVH Europe shall have no further obligation to the Executive hereunder except for the payment or provision, as applicable, of (i) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Section 2(e), and (iii) other payments, entitlements or benefits, if any, in accordance with terms of the applicable plans, programs, arrangements or other agreements of PVH Europe or any affiliate thereof (other than any severance plan or policy) as to which the Executive held rights to such payments, entitlements or benefits, whether as a participant, beneficiary or otherwise on the date of termination (“Other Benefits”). For the avoidance of doubt, the Executive shall have no right to receive any amounts under the Company’s severance policy upon his termination for Cause.

(i)For purposes of this Agreement, “Cause” shall be defined as: (1) gross negligence or willful misconduct, as the case may be, in the performance of the material responsibilities of the Executive’s office or position, which results in material economic harm to the Company or its affiliates or in material reputational harm causing demonstrable injury to the Company or its affiliates; (2) the willful and continued failure of the Executive to perform substantially the Executive’s duties with the Company or any affiliate (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by the Board or the Company that specifically identifies the manner in which the Board or the Company believes that the Executive has not substantially performed the Executive’s duties, and the Executive has not cured such failure to the reasonable satisfaction of the Board or the Company within 20 days following the Executive’s receipt of such written demand; (3) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony within the meaning of U.S. Federal, state or local law or the equivalent of a felony under applicable foreign law (other than a traffic violation); (4) the Executive having willfully divulged, furnished or made accessible to anyone other than the Company, its directors, officers, employees, auditors and legal advisors, otherwise than in the ordinary course of business, any Confidential Information (as hereinafter defined); or (5) any act or failure to act by the Executive, which, under the provisions of applicable law, disqualifies the Executive from acting in any or all capacities in which he is then acting for the Company.

(ii)For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon an obligation under law or upon authority given pursuant to a resolution duly adopted by the Board or upon the instructions of the Board or PVH’s CEO or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company.

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(b)Termination without Cause by PVH Europe or for Good Reason by the Executive.

(i)If PVH Europe terminates the Executive’s services without Cause or the Executive terminates his employment with PVH Europe for Good Reason, the Executive shall be entitled to receive from the Company (W) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any); (X) all unreimbursed expenses (if any), subject to Section 2(e); (Y) an aggregate amount (the “Severance Amount”) equal to one and one half times the sum of (1) the Base Salary plus (2) an amount equal to the bonus that would be payable if “target” level performance were achieved under the Company’s annual bonus plan (if any) in respect of the fiscal year during which the termination occurs (or the prior fiscal year if bonus levels have not yet been established for the year of termination); and (Z) the payment or provision of any Other Benefits. The Severance Amount shall be paid in a lump sum. The lump sum amount shall be paid on the first scheduled payroll date (in accordance with the Company’s payroll schedule in effect for the Executive immediately prior to such termination) that occurs on or following the date that is 30 days after the Executive’s termination of employment in such way as indicated by the Executive provided such payment will not cause additional expenses to the Company.

(A)“Good Reason” shall mean the occurrence of any of the following events or circumstances without the Executive’s prior written consent:

(1)the assignment to the Executive of any duties inconsistent in any material respect with the Executive’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities as contemplated by Section 1(c), or any other action by the Company that results in a material diminution in such position, authority, duties or responsibilities, including but not limited to substantial interference and/or amendment of the reporting lines provided for herein and the assignment of additional or alternate duties or responsibilities to the Executive in connection with his professional development or the reallocation of some of the Executive’s duties or responsibilities to other executives of the Company in connection with the evolution of the Executive’s position and expressly excluding any isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by the Executive;

(2)a reduction of the Executive’s Base Salary;

(3)the taking of any action by the Company that substantially diminishes (A) the aggregate value of the Executive’s total compensation opportunity, and/or (B) the aggregate value of the employee benefits provided to the Executive pursuant to the Company’s employee benefit and insurance plans as in effect on the Effective Date;

(4)the Company requiring that the Executive’s services be rendered primarily at a location or locations more than 35 miles from the location set forth in Section 1(c); or

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(5)the failure of the Company to require any successor to the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.

(ii)In addition, if PVH Europe terminates the Executive’s employment with PVH Europe without Cause or the Executive terminates his employment with PVH Europe for Good Reason, then the Company shall also provide to the Executive, during the 18–month period following the Executive’s date of termination, medical, dental, life and disability insurance coverage for the Executive and the members of his family which is not less favorable to the Executive than the group medical, dental, life and disability insurance coverage carried by the Company for the Executive and the members of his family immediately prior to such termination of employment; provided,however, that the obligations set forth in this sentence shall terminate to the extent the Executive obtains comparable medical, dental, life or disability insurance coverage from any other employer during such period, but the Executive shall not have any obligation to seek or accept employment during such period, whether or not any such employment would provide comparable medical and dental insurance coverage, and provided further, however, that the Executive shall be obligated to pay an amount equal to the active employee contribution, if any, for each such coverage.

(iii)For the avoidance of doubt, the payment of the Severance Amount shall be in lieu of any amounts payable under the Company’s severance policy (as then in effect) and the Executive hereby waives any and all rights thereunder.

(iv)For the avoidance of doubt, the automatic termination of this Agreement upon the end of the month during which the Executive reaches the State pension age (AOW-gerechtigde leeftijd) as referred to in Section 1(b) will not be regarded as termination without Cause by the Company or for Good Reason by the Executive.

(v)For the avoidance of doubt, the Executive’s transition to the role of Executive Chairman of PVH Europe pursuant to Section 1(c)(iii) will not be regarded as constituting Good Reason and, from and after the Transition Date, the determination of whether “Good Reason” exists shall be determined by reference to the Executive’s new and adjusted position, authority, duties, responsibilities, compensation and other terms and conditions of employment, as provided in Sections 1(c)(iii), 2(a), 2(b), 2(c) and 2(d), as applicable.

(vi)For the avoidance of doubt, the failure of the Company to pay the Executive a bonus during the 104-week period referred to in Section 3(d) shall not constitute Good Reason within the meaning of clause (3) of Section 3(b)(i)(A).

(c)Termination by Voluntary Resignation (without Good Reason) by the Executive. The Executive may terminate his employment with PVH Europe without Good Reason at any time by voluntary resignation. Upon such termination, the Company shall have no further obligation to the Executive hereunder except for the payment of (i) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Section 2(e), and (iii) the payment or provision of any Other Benefits.

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(d)Disability. The Executive’s employment shall be terminable by PVH Europe, subject to applicable law and the Company’s short-term and long-term disability policies then in effect, if the Executive becomes physically or mentally disabled, whether totally or partially, such that he is prevented from performing his usual duties and services hereunder during the 104-week period referred to in section 7:629 subsection 1 of the Dutch Civil Code (“Disability”).

(i)In the case of Disability, PVH Europe shall continue to pay the Executive 70% of his Base Salary during such 104-week period.

(ii)The Executive must strictly comply with the rules and guidelines which have been communicated to him by or on behalf of the Company.

(iii)If the Executive’s employment is terminated by PVH Europe due to his Disability if and when permitted by applicable law, PVH Europe shall have no further obligation to the Executive hereunder, except for the payment to the Executive or his legal guardian or representative, as appropriate, of (i) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Section 2(e), and (iii) the payment or provision of any Other Benefits.

(e)Death. If the Executive shall die during the Employment Period, this Agreement shall terminate on the date of the Executive’s death and the Company shall have no further obligation to the Executive hereunder except for the payment to the Executive’s estate of (i) the portion of the Base Salary for periods prior to the effective date of termination accrued but unpaid (if any), (ii) an amount equal to three months’ Base Salary, (iii) all unreimbursed expenses (if any), subject to Section 2(e) and (iii) the payment or provision of any Other Benefits.

(f)Notice of Termination. Any termination by PVH Europe or by the Executive, other than a termination by reason of the Executive’s death, shall be communicated by a Notice of Termination to the other party hereto given in accordance with Section 7(c). “Notice of Termination” means a written notice that (i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated, and (iii) if the date of termination is other than the date of receipt of such notice, specifies the date of termination.

(g)Date of Termination. For purposes of this Agreement the Executive’s date of termination of employment shall be (i) if the Executive’s employment is terminated by PVH Europe with or without Cause, by the Executive for or other than for Good Reason, or due to the Executive’s Disability, the date of termination shall be the last day of the applicable notice period (if any), which begins to run on the date on which the other party receives the Notice of Termination, unless a later date is set forth in the Notice of Termination, and (ii) if the Executive’s employment is terminated by reason of death, the date of termination shall be the date of death.

(h)Resignation. Upon termination of the Executive’s employment for any reason, the Executive agrees to resign, effective as of the date of termination, from any positions that the Executive holds with PVH Europe and its affiliates, the Board (and any committees thereof),

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unless the Board requests otherwise and the Executive agrees, and the board of directors (and any committees thereof) of any of the Company’s subsidiaries and affiliates.

4.Effect of Termination.

(a)Full Settlement. In the event of termination without a Cause or termination with Good Reason, the amounts paid to the Executive pursuant to Section 3(b) shall be in full and complete satisfaction of the Executive’s rights under this Agreement and any other claims he may have with respect to his employment by the Company and the termination thereof, other than as expressly provided in (i) Section 2(b) or in other existing agreements and arrangements related to stock and stock-options, (ii) Section 7(h) or (iii) Section 7(i). Without limiting the foregoing, any severance required by a court of law to be paid to the Executive shall be subtracted from the amounts paid to the Executive pursuant to Section 3(b). Such amounts shall constitute liquidated damages with respect to any and all such rights and claims.

(b)No Duplication; No Mitigation; Limited Offset. In no event shall the Executive be entitled to duplicate payments or benefits under different provisions of this Agreement or pursuant to the terms of any other plan, program or arrangement of the Company or its affiliates. In the event of any termination of the Executive’s employment, the Executive shall be under no obligation to seek other employment, and, there shall be no offset against amounts due the Executive under this Agreement or pursuant to any plan of the Company or any of its affiliates on account of any remuneration attributable to any subsequent employment or any claim asserted by the Company or any of its affiliates, except with respect to the continuation of benefits under Section 3(b), which shall terminate immediately upon obtaining comparable coverage from another employer.

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5.Restrictive Covenants.

(a)Confidentiality. The Executive recognizes that any knowledge and information of any type whatsoever of a confidential nature relating to the business of the Company, including, without limitation, all types of trade secrets, vendor and customer lists and information, employee lists and information, information regarding product development, marketing plans, management organization information, operating policies and manuals, sourcing data, performance results, business plans, financial records, and other financial, commercial, business and technical information (collectively, “Confidential Information”), must be protected as confidential, not copied, disclosed or used, other than for the benefit of the Company, at any time. The Executive further agrees that at any time during the Employment Period or thereafter he will not divulge to anyone (other than the Company or any person employed or designated by the Company), publish or make use of any Confidential Information without the prior written consent of the Company, except as (and only to the extent) (i) required by an order of a court having competent jurisdiction or under subpoena from an appropriate government agency and then only after providing the Company with the reasonable opportunity to prevent such disclosure or to receive confidential treatment for the Confidential Information required to be disclosed, (ii) with respect to any other litigation, arbitration or mediation involving this Agreement, including, but not limited to the enforcement of this Agreement or (iii) as to Confidential Information that becomes generally known to the public or within the relevant trade or industry other than due to the Executive’s violation of this Section 5(a). The Executive further agrees that following the termination of the Employment Period for whatever reason, (A) the Company shall keep all tangible property assigned to the Executive or prepared by the Executive and (B) the Executive shall not misappropriate or infringe upon the Confidential Information of the Company (including the recreation or reconstruction of Confidential Information from memory).

(b)Non-Competition. The Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company, and, accordingly, agrees that during the Restricted Period, the Executive will not, without the prior written consent of the Company, directly or indirectly, on the Executive's behalf or on behalf of any other person, firm, corporation, association or other entity (each, a “Person”), as an employee, director, advisor, partner, consultant or otherwise, engage in any business of, provide services to, enter the employ of, or have any interest in any Competitive Business Entity. “Competitive Business Entity” shall mean any of the companies listed on Exhibit A and any of their respective controlled affiliates. Nothing herein shall restrict the Executive from owning, for personal investment purposes only, less than 2% of the voting stock or other securities of any publicly held Person or 5% of the ownership interest in any non-publicly held Person, if the Executive has no other connection or relationship with the issuer of such securities. The “Restricted Period” for purposes of this Agreement shall mean the period commencing on May 6, 2010 and ending on the first anniversary of the Executive’s termination of employment with the Company; provided, however, that if the Executive's employment with the Company is terminated by the Company without Cause or the Executive resigns with Good Reason, the Restricted Period shall end on the date Executive ceases to be an employee of the Company.

(c)Non-Solicitation. The Executive agrees that during the term of the Executive’s employment with the Company and for a period ending on the date that is 18 months

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following the termination of the Executive's employment with the Company for any reason, the Executive will not (i) hire or solicit to hire, whether on the Executive's own behalf or on behalf of any other Person (other than the Company), any employee of the Company or any individual who had left the employ of the Company within 12 months of the termination of Executive's employment with the Company, or (ii) directly or indirectly, encourage or induce any employee of the Company to leave the Company's employ, except in the ordinary course of the Company's business.

(d)Public Comment. The Executive, during the Employment Period and at all times thereafter, shall not make any derogatory comment concerning the Company or any of its current or former directors, officers, stockholders or employees. Similarly, the then current (i) members of the Board and (ii) members of the Company’s senior management shall not make any derogatory comment concerning the Executive, and the Company shall use reasonable efforts to ensure that the former (A) members of the Board and (B) members of the Company’s senior management do not make any derogatory comment concerning the Executive.

(e)Blue Penciling. It is expressly understood and agreed that although the Executive and the Company consider the restrictions to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or any other restriction contained in this Agreement is an unenforceable restriction against the Executive, the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and to such maximum extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein.

(f)Injunctive Relief. The Executive acknowledges and agrees that the covenants and obligations of the Executive set forth in this Section 5 relate to special, unique and extraordinary services rendered by the Executive to the Company and that a violation of any of the terms of such covenants and obligations will cause the Company irreparable injury for which adequate remedies are not available at law. Therefore, the Executive agrees that the Company shall be entitled to seek an injunction, restraining order or other temporary or permanent equitable relief (without the requirement to post bond) restraining the Executive from committing any violation of the covenants and obligations contained herein. These injunctive remedies are cumulative and are in addition to any other rights and remedies the Company may have at law or in equity.

(g)Penalty. If the Executive is in breach of any of the covenants and obligations contained in this Section 5, the Executive shall owe to the Company without any demand or other prior notice a non-recurrent penalty of 10,000 Euros, to be increased by a penalty of 1,000 Euros for each day, including a portion of a day, that the breach continues. The Company shall be entitled to the penalty without prejudice to any claim for performance of the covenants and obligations set out in this Section 5. The Company shall have the right to claim damages in addition to the aforementioned penalty.

6.Work for Hire. The Executive agrees that all marketing, operating and training ideas, sourcing data, processes and materials, including all inventions, discoveries, improvements, enhancements, written materials and development related to the business of the Company (“Proprietary Materials”) to which the

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Executive may have access or that the Executive may develop or conceive while employed by the Company shall be considered works made for hire for the Company and prepared within the scope of employment and shall belong exclusively to the Company. Any Proprietary Materials developed by the Executive that, under applicable law, may not be considered works made for hire, are hereby assigned to the Company without the need for any further consideration, and the Executive agrees to take such further action, including executing such instruments and documents as the Company may reasonably request, to evidence such assignment.

7.Miscellaneous.

(a)Assignment and Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, legatees, executors, administrators, legal representatives, successors and assigns. Notwithstanding anything in the foregoing to the contrary, the Executive may not assign any of his rights or obligations under this Agreement without first obtaining the written consent of the Company. The Company may assign this Agreement in connection with a sale of all or substantially all of its business and/or assets (whether direct or indirect, by purchase, merger, consolidation or otherwise) and will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. “Company” means the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

(b)Survival. The provisions of Sections 3, 4, 5, 6 and 7 shall survive the termination of this Agreement pursuant to Section 3.

(c)Notices. Any notices to be given hereunder shall be in writing and delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid as follows:

If to the Executive, addressed to the Executive at the address then shown in the Executive’s employment records.

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If to the Company at:

PVH Corp.

200 Madison Avenue

New York, New York 10016

Attention: Chairman

With a copy to:

PVH Corp.

200 Madison Avenue

New York, New York 10016

Attention: Senior Vice President, General Counsel

Any party may change the address to which notices are to be sent by giving notice of such change of address to the other party in the manner provided above for giving notice.

(d)Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of The Netherlands, without regard to the principles thereof relating to the conflict of laws.

(e)Consent to Jurisdiction. Any judicial proceeding brought against the Executive with respect to this Agreement may be brought in any court of competent jurisdiction in Amsterdam, The Netherlands and, by execution and delivery of this Agreement, the Executive: (i) accepts, generally and unconditionally, the nonexclusive jurisdiction of such courts and any related appellate courts, and irrevocably agrees to be bound by any final judgment (after exhausting all appeals therefrom or after all time periods for such appeals have expired) rendered thereby in connection with this Agreement, and (ii) irrevocably waives any objection the Executive may now or hereafter have as to the venue of any such suit, action or proceeding brought in such a court or that such court is an inconvenient forum.

(f)Severability. The invalidity of any one or more provisions of this Agreement or any part thereof shall not affect the validity of any other provision of this Agreement or part thereof; and in the event that one or more provisions contained herein shall be held to be invalid, the Agreement shall be reformed to make such provisions enforceable.

(g)Waiver. The Company, in its sole discretion, may waive any of the requirements imposed on the Executive by this Agreement. The Company, however, reserves the right to deny any similar waiver in the future. Each such waiver must be express and in writing and there will be no waiver by conduct. Pursuit by the Company of any available remedy, either in law or equity, or any action of any kind, does not constitute waiver of any other remedy or action. Such remedies and actions are cumulative and not exclusive. The Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason or the Company’s right to terminate the

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Executive’s employment for Cause, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement.

(h)Indemnification. The Executive shall be entitled to indemnification (and the advancement of expenses) in connection with a litigation or proceeding arising out of the Executive’s acting as chief executive officer of PVH Europe, Chief Executive Officer of Tommy Hilfiger, Chief Executive Officer of PVH International Operations, or Executive Chairman of PVH Europe or an employee, officer or director of the Company (or, to the extent such service is requested by the Company, any of its affiliates), to the maximum extent permitted by applicable law; provided, however, that in the event that it is finally determined that the Executive is not entitled to indemnification, the Executive shall promptly return any advanced amounts to the Company. In addition, the Executive shall be entitled to liability insurance coverage pursuant to a Company-purchased directors’ and officers’ liability insurance policy on the same basis as other directors and officers of the Company.

(i)Legal Fees. The Company agrees to reimburse the Executive (within 10 days following the Company’s receipt of an invoice from the Executive), at any time from the Effective Date of this Agreement through the Executive’s remaining lifetime (or, if longer, through the 20th anniversary of the Effective Date) to the fullest extent permitted by law, for all legal fees and expenses that the Executive may reasonably incur as a result of any contest by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), provided, that the Executive prevails with respect to at least one substantive issue in dispute.

(j)Section Headings. The section headings contained in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.

(k)Withholding. Any payments provided for herein shall be reduced by any amounts required to be withheld by the Company from time to time under applicable Federal, State or local employment or income tax laws or similar statutes or other provisions of law then in effect.

(l)Section 409A of the Code. The following provisions of this Section 7(l) shall be applicable only if the Executive is a taxpayer who is covered by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and any related regulations or other effective guidance promulgated thereunder (collectively, “Section 409A”). To the extent applicable, the provisions of this Agreement and any payments made herein are intended to comply with, and should be interpreted consistent with, the requirements of Section 409A. The time or schedule of a payment to which the Executive is entitled under this Agreement may be accelerated at any time that this Agreement fails to meet the requirements of Section 409A and any such payment will be limited to the amount required to be included in the Executive’s income as a result of the failure to comply with Section 409A. If an amendment of the Agreement is necessary in order for it to comply with Section 409A, the parties hereto will negotiate in good faith to amend the Agreement in a manner that preserves the original intent of the parties to the extent reasonably possible. Notwithstanding any provision in this Agreement to the contrary, if the Executive is a “specified employee” (as

15

determined under the Company’s policy for identifying specified employees) on the date of his “separation from service” (within the meaning of Section 409A), then with regard to any payment or benefit that is considered “deferred compensation” under Section 409A payable on account of a “separation from service” that is required to be delayed pursuant to Section 409A(a)(2)(B) of the Code (after taking into account any applicable exceptions to such requirement), such payment or benefit shall not be paid or commence to be paid on any date prior to the first business day after the date that is six months following the Executive’s separation from service. The first payment that can be made shall include the cumulative amount of any amounts that could not be paid during such six-month period. In addition, interest will accrue at the 10-year T-bill rate (as in effect as of the first business day of the calendar year in which the separation from service occurs) on all payments not paid to the Executive prior to the first business day after the six-month anniversary of his separation from service that otherwise would have been paid during such six-month period had this delay provision not applied to the Executive and shall be paid with the first payment after such six-month period. Notwithstanding the foregoing, a payment delayed pursuant to the preceding three sentences shall commence earlier in the event of the Executive’s death prior to the end of the six-month period. Notwithstanding any provision in this Agreement to the contrary, for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment that are considered “deferred compensation” under Section 409A, references to the Executive’s “termination of employment” (and corollary terms) with the Company shall be construed to refer to the Executive’s “separation from service” (within the meaning of Treas. Reg. Section 1.409A-1 (h)) with the Company. With respect to any reimbursement or in-kind benefit arrangements of the Company that constitute “deferred compensation” for purposes of Section 409A, except as otherwise permitted by Section 409A, the following conditions shall be applicable: (i) the amount eligible for reimbursement, or in-kind benefits provided, under any such arrangement in one calendar year may not affect the amount eligible for reimbursement, or in-kind benefits to be provided, under such arrangement in any other calendar year (except that the health and dental plans may impose a limit on the amount that may be reimbursed or paid), (ii) any reimbursement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, and (iii) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within 30 days after termination of employment”), the actual date of payment within the specified period shall be within the sole discretion of the Company. Whenever payments under this Agreement are to be made in installments, each such installment shall be deemed to be a separate payment for purposes of Section 409A.

(m)Entire Agreement. This Agreement contains the entire understanding, and cancels and supersedes all prior agreements, including, without limitation, the Existing Agreement, and any agreement in principle or oral statement, letter of intent, statement of understanding or guidelines of the parties hereto with respect to the subject matter hereof, excluding the Plans or the plans referred to in Section 2(c), as well as all other then-existing agreements and arrangements related to stock and stock options, the terms and conditions of which shall not be affected hereby. This Agreement may be amended, supplemented or otherwise modified only by a written document executed by each of the parties hereto or their respective successors or assigns, provided that the Company shall have the right to amend this Employment Agreement unilaterally within the scope of section 7:613 of the Dutch Civil Code. The Executive acknowledges that he is entering into this

16

Agreement of his own free will and accord with no duress, and that he has read this Agreement and understands it and its legal consequences.

(n)Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

17

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement on the day and year first above written.

PVH B.V.

/s/ Fred Gehring                By /s/ Ludo Onnink                    

Fred Gehring                 Ludo Onnink, Director

Date: July 23, 2013                    Date: July 23, 2013

By /s/ Michiel Rubenkamp            

Michiel Rubenkamp, Director

Date: July 23, 2013

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EXHIBIT A

Competitive Business Entities

VF Corporation

Polo Ralph Lauren

Liz Claiborne

Jones Apparel

Perry Ellis

Oxford

Kenneth Cole

Hugo Boss

Guess

DKNY- Donna Karan

Diesel

G-Star

Pepe Jeans

Gant

Lacoste

J Brand

Scotch & Soda

A-1

EX-31.1

EXHIBIT 31.1

I, Emanuel Chirico, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of PVH Corp.;

2. Based on my knowledge, this Quarterly Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

3. Based on my knowledge, the financial statements, and other financial information included in this Quarterly Report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this Quarterly Report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

d) Disclosed in this Report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated:	September 12, 2013	/s/ EMANUEL CHIRICO
		Emanuel Chirico
		Chairman and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

I, Michael Shaffer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of PVH Corp.;

2. Based on my knowledge, this Quarterly Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

3. Based on my knowledge, the financial statements, and other financial information included in this Quarterly Report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this Quarterly Report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

d) Disclosed in this Report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated:	September 12, 2013	/s/ MICHAEL SHAFFER
		Michael Shaffer
		Executive Vice President and Chief Operating & Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATE PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of PVH Corp. (“the Company”) for the quarterly period ended August 4, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Emanuel Chirico, Chairman and Chief Executive Officer of the Company, certify, pursuant to section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(i) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated:	September 12, 2013
	By:	/s/ EMANUEL CHIRICO
	Name:	Emanuel Chirico
		Chairman and Chief Executive Officer

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.2

CERTIFICATE PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of PVH Corp. (the “Company”) for the quarterly period ended August 4, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael Shaffer, Executive Vice President and Chief Operating & Financial Officer of the Company, certify, pursuant to section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(i) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated:	September 12, 2013
	By:	/s/ MICHAEL SHAFFER
	Name:	Michael Shaffer Executive Vice President and Chief Operating & Financial Officer

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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DERIVATIVE FINANCIAL INSTRUMENTS

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

DERIVATIVE FINANCIAL INSTRUMENTS

The Company has exposure to changes in foreign currency exchange rates related to certain anticipated cash flows associated with certain international inventory purchases. In addition, the Company has exposure to changes in foreign currency exchange rates on certain intercompany loans. To help manage these exposures, the Company periodically uses foreign currency forward exchange contracts.

The Company also has exposure to interest rate volatility related to its senior secured term loan facilities. The Company has entered into interest rate swap agreements to hedge against this exposure. Please see Note 8, “Debt,” for a further discussion of the Company’s senior secured term loan facilities and these agreements. The Company had also entered into an interest rate cap agreement, which expired on September 6, 2012.

The Company records the foreign currency forward exchange contracts and interest rate contracts at fair value in its Consolidated Balance Sheets. Changes in fair value of the foreign currency forward exchange contracts associated with certain international inventory purchases and the interest rate contracts (collectively referred to as “cash flow hedges”) that are designated as effective hedging instruments are recorded in equity as a component of accumulated other comprehensive income (loss) (“AOCI”). The cash flows from such hedges are presented in the same category on the Consolidated Statements of Cash Flows as the items being hedged. Any ineffectiveness in such cash flow hedges is immediately recognized in earnings and no contracts were excluded from effectiveness testing. In addition, changes in the fair value of foreign currency forward exchange contracts that are not designated as effective hedging instruments are immediately recognized in earnings, including the changes in fair value of all of the foreign exchange contracts related to intercompany loans which are not of a long-term investment nature. Any gains and losses that are immediately recognized in earnings on such contracts related to intercompany loans are largely offset by the remeasurement of the underlying intercompany loan balances. The Company does not use derivative financial instruments for trading or speculative purposes.

The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for the Company’s derivative financial instruments:

	Asset Derivatives (Classified in Other Current Assets and Other Assets)				Liability Derivatives (Classified in Accrued Expenses and Other Liabilities)
	8/4/13		7/29/12		8/4/13		7/29/12
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts     (inventory purchases)	$	1,432	$	18,828	$	4,231	$	866
Interest rate contracts	4,110		45		8,097		6,729
Total contracts designated as cash flow hedges	5,542		18,873		12,328		7,595
Undesignated contracts:
Foreign currency forward exchange contracts     (inventory purchases)	282		—		109		538
Foreign currency forward exchange contracts (intercompany loans)	396		—		767		111
Total undesignated contracts	678		—		876		649
Total	$	6,220	$	18,873	$	13,204	$	8,244

At August 4, 2013, the notional amount outstanding of foreign currency forward exchange contracts for inventory purchases and intercompany loans was approximately $422,000 and $80,000, respectively. Such contracts expire principally between August 2013 and August 2014 for inventory purchases and between August 2013 and January 2014 for intercompany loans.

The following table summarizes the effect of the Company’s hedges designated as cash flow hedging instruments:

	Gain (Loss) Recognized in Other Comprehensive (Loss) Income (Effective Portion)						(Loss) Gain Reclassified from AOCI into (Expense) Income (Effective Portion)
							Location	Amount
Thirteen Weeks Ended	8/4/13			7/29/12				8/4/13			7/29/12
Foreign currency forward exchange contracts     (inventory purchases)	$	1,732		$	6,592		Cost of goods sold	$	(280	)	$	1,007
Interest rate contracts	(897		)	(962		)	Interest expense	(1,023		)	(1,098		)
Total	$	835		$	5,630			$	(1,303	)	$	(91	)
Twenty-Six Weeks Ended	8/4/13			7/29/12				8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	$	10,590		$	4,916		Cost of goods sold	$	2,901		$	3,631
Interest rate contracts	(1,106		)	(1,002		)	Interest expense	(2,177		)	(2,180		)
Total	$	9,484		$	3,914			$	724		$	1,451

There was no ineffective portion of hedges designated as cash flow hedging instruments during the twenty-six weeks endedAugust 4, 2013 and July 29, 2012.

A net loss in AOCI on foreign currency forward exchange contracts at August 4, 2013 of $2,413 is estimated to be reclassified in the next 12 months in the Consolidated Income Statements to costs of goods sold as the underlying inventory is purchased and sold. In addition, a net loss in AOCI for interest rate contracts at August 4, 2013 of $6,601 is estimated to be reclassified to interest expense within the next 12 months.

The following table summarizes the effect of the Company’s foreign currency forward exchange contracts that were not designated as cash flow hedges:

	Gain (Loss) Recognized in Income
Thirteen Weeks Ended	Location	8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	Selling, general and administrative expenses	$	661		$	(190	)
Foreign currency forward exchange contracts (intercompany loans)	Selling, general and administrative expenses	(285		)	(1,224		)
Twenty-Six Weeks Ended	Location	8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	Selling, general and administrative expenses	$	349		$	679
Foreign currency forward exchange contracts (intercompany loans)	Selling, general and administrative expenses	(38		)	(1,224		)

The Company had no derivative financial instruments with credit risk related contingent features underlying the related contracts as of August 4, 2013.

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DEBT DEBT Asia Revolving Credit Facility (Details) (Line of credit, Asia facility [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended
	Aug. 04, 2013
Line of credit, Asia facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10,000
Debt instrument, basis spread on variable rate	1.75%

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Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012
Foreign currency translation adjustments, tax expense (benefit)	$ 107	$ (690)	$ (330)	$ (453)
Amortization of prior service credit related to pension and postretirement plans, tax (benefit)	(84)	(84)	(168)	(168)
Net unrealized and realized gain on effective hedges, tax expense (benefit)	$ 482	$ (625)	$ (754)	$ 364

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ACQUISITIONS

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

ACQUISITIONS

ACQUISITIONS

Acquisition of Warnaco

The Company acquired on February 13, 2013 all of the outstanding equity interests in Warnaco. The results of Warnaco’s operations since that date have been included in the Company’s consolidated financial statements. Warnaco designs, sources, markets and distributes a broad line of intimate apparel, sportswear and swim products worldwide. Warnaco’s products are sold under the Calvin Klein, Speedo, Warner’s and Olga brand names and were also previously sold under the Chaps brand name. Ralph Lauren Corporation reacquired the Chaps license effective contemporaneously with the Company’s acquisition of Warnaco.

The Warnaco acquisition provided the Company with direct global control of the Calvin Klein brand image and commercial decisions for the two largest Calvin Klein apparel categories—jeanswear and underwear. In addition, the Company believes the acquisition takes advantage of its and Warnaco’s complementary geographic platforms. Warnaco’s operations in Asia and Latin America should enhance the Company’s opportunities in those high-growth regions, and the Company will have the ability to leverage its expertise and infrastructure in North America and Europe to enhance the growth and profitability of the Calvin Klein jeanswear and underwear businesses in those regions.

Fair Value of the Acquisition Consideration

The acquisition date fair value of the acquisition consideration paid at closing totaled $3,137,056, which consisted of the following:

Cash	$	2,179,980
Common stock (7,674 shares, par value $1.00 per share)	926,452
Warnaco employee replacement stock awards	39,752
Elimination of pre-acquisition liability to Warnaco	(9,128		)
Total fair value of the acquisition consideration	$	3,137,056

The fair value of the 7,674 common shares issued was equal to the aggregate value of the shares at the closing market price of the Company’s common stock on February 12, 2013, the day prior to the closing. The value of the replacement stock awards was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the time of the acquisition, reduced by an estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. Also included in the acquisition consideration was the elimination of a $9,128 pre-acquisition liability to Warnaco.

The Company funded the cash portion and related costs of the Warnaco acquisition, repaid all outstanding borrowings under its previously outstanding senior secured credit facilities and repaid all of Warnaco’s previously outstanding long-term debt with the net proceeds of (i) the issuance of $700,000 of 4 1/2% senior notes due 2022; and (ii) the borrowing of $3,075,000 of term loans under new senior secured credit facilities.

Please see Note 6, “Goodwill and Other Intangible Assets,” Note 8, “Debt,” Note 12, “Stock-Based Compensation,” and Note 14, “Stockholders’ Equity,” for a further discussion of these aspects of the acquisition.

The Company incurred certain pre-tax costs directly associated with the acquisition, including short-lived non-cash valuation adjustments and amortization, totaling approximately $185,000, of which approximately $43,000 was recorded in fiscal 2012 and approximately $142,000 was recorded during the twenty-six weeks ended August 4, 2013. Please see Note 15, “Activity Exit Costs,” for a discussion of restructuring costs incurred during the twenty-six weeks ended August 4, 2013 associated with the acquisition.

The operations acquired with Warnaco had total revenue of $1,027,878 and a net loss, after non-cash valuation adjustments and amortization and integration costs, of $(62,727) for the period from the date of acquisition through August 4, 2013. These amounts are included in the Company’s results of operations for the twenty-six week period then ended.

Pro Forma Impact of the Transaction

The following table presents the Company’s pro forma consolidated results of operations for the thirteen and twenty-six weeks ended August 4, 2013 and July 29, 2012, as if the acquisition and the related financing transactions had occurred on January 30, 2012 (the first day of its fiscal year ended February 3, 2013) instead of on February 13, 2013. The pro forma results were calculated applying the Company’s accounting policies and reflect (i) the impact on revenue, cost of goods sold and selling, general and administrative expenses resulting from the elimination of intercompany transactions; (ii) the impact on depreciation and amortization expense based on fair value adjustments to Warnaco’s property, plant and equipment and intangible assets recorded in connection with the acquisition; (iii) the impact on interest expense resulting from changes to the Company’s capital structure in connection with the acquisition; (iv) the impact on cost of goods sold resulting from acquisition date adjustments to the fair value of inventory; (v) the elimination of transaction costs related to the acquisition that were included in the Company’s results of operations for the thirteen and twenty-six weeks ended August 4, 2013; and (vi) the tax effects of the above adjustments. The pro forma results do not include any anticipated cost synergies or other effects of the planned integration of Warnaco. Accordingly, such pro forma amounts are not indicative of the results that actually would have occurred had the acquisition been completed on January 30, 2012, nor are they indicative of the future operating results of the combined company.

	Pro Forma				Pro Forma
	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	8/4/13		7/29/12		8/4/13		7/29/12
Total revenue	$	1,964,847	$	1,803,015	$	3,938,037	$	3,743,839
Net income attributable to PVH Corp.	74,545		39,616		149,948		80,417

Allocation of the Acquisition Consideration

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

Cash and cash equivalents	$	364,651
Trade receivables	290,964
Other receivables	47,011
Inventories	452,841
Prepaid expenses	39,979
Other current assets	60,626
Property, plant and equipment	131,357
Goodwill	1,451,479
Tradenames	604,600
Perpetual license rights	206,900
Other intangibles	824,800
Other assets	144,058
Total assets acquired	4,619,266
Accounts payable	179,931
Accrued expenses	262,432
Short-term borrowings	26,927
Current portion of long-term debt	2,000
Long-term debt	195,000
Other liabilities	810,320
Total liabilities assumed	1,476,610
Redeemable non-controlling interest	5,600
Total fair value of acquisition consideration	$	3,137,056

The Company is still in the process of valuing the assets acquired and liabilities assumed; thus, the allocation of the acquisition consideration is subject to change.

In connection with the acquisition, the Company recorded goodwill of $1,451,479, which was assigned to the Company’s Calvin Klein North America, Calvin Klein International and Heritage Brands Wholesale segments in the amounts of $443,419, $878,786 and $129,274, respectively. None of the goodwill is expected to be deductible for tax purposes. The Company also recorded other intangible assets of $1,636,300, which included reacquired license rights of $578,000, order backlog of $97,000 and customer relationships of $149,800, which are all amortizable, as well as tradenames of $604,600 and perpetual license rights of $206,900, which have indefinite lives.

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NONCASH INVESTING AND FINANCING TRANSACTIONS

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

NONCASH INVESTING AND FINANCING TRANSACTIONS

NONCASH INVESTING AND FINANCING TRANSACTIONS

During the twenty-six weeks endedAugust 4, 2013 and July 29, 2012, the Company recorded increases to goodwill of $22,722 and $22,226, respectively, related to liabilities incurred for contingent purchase price payments to Mr. Calvin Klein. Such amounts are not due or paid in cash until 45 days subsequent to the Company’s applicable quarter end. As such, during the twenty-six weeks endedAugust 4, 2013 and July 29, 2012, the Company paid $26,734 and $25,749, respectively, in cash related to contingent purchase price payments to Mr. Calvin Klein that were recorded as additions to goodwill during the periods the liabilities were incurred.

During the first quarter of 2013, the Company issued 7,674 shares of its common stock, par value $1.00 per share (of which 416 shares were issued from treasury stock), as part of the consideration paid to the former stockholders of Warnaco in connection with the acquisition, which resulted in an increase in common stock of $7,258, an increase in additional paid in capital of $888,925 and a decrease in treasury stock of $30,269. In addition, the Company issued awards valued at $39,752 to replace outstanding stock awards made by Warnaco to its employees, which for accounting purposes are included in the total acquisition consideration. Also included in the acquisition consideration was the elimination of a $9,128 pre-acquisition liability to Warnaco.

During the first quarter of 2013, the Company recorded a loss of $5,757 to write-off previously capitalized debt issuance costs in connection with the modification and extinguishment of its previously outstanding senior secured credit facilities.

During the first quarter of 2012, one of the holders of the Company’s Series A convertible preferred stock converted an aggregate of 4 shares into 2,095 shares of the Company’s common stock, resulting in a decrease in Series A convertible preferred stock of $94,297, an increase in common stock of $2,095, and an increase in additional paid in capital of $92,202. The remaining shares of Series A convertible preferred stock were converted into the Company’s common stock during the fourth quarter of 2012. Please see Note 14, “Stockholders’ Equity.”

Omitted from purchases of property, plant and equipment in the Consolidated Statement of Cash Flows for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012 are $2,663 and $13,480, respectively, of assets acquired through capital leases.

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NET INCOME PER COMMON SHARE (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net (loss) income attributable to PVH Corp.	$ (15,996)	$ 89,918	$ (36,048)	$ 185,394
Common stock dividends paid to holders of Series A convertible preferred stock	0	0	0	(209)
Allocation of income to Series A convertible preferred stock	0	(2,591)	0	(6,936)
Net (loss) income available to common stockholders for basic net (loss) income per common share	$ (15,996)	$ 87,327	$ (36,048)	$ 178,249
Weighted average common shares outstanding for basic net (loss) income per common share	81,337	70,403	80,653	69,471
Weighted average impact of dilutive securities	0	1,105	0	1,346
Weighted average impact of assumed convertible preferred stock conversion	0	2,095	0	2,785
Total shares for diluted net (loss) income per common share	81,337	73,603	80,653	73,602
Basic net (loss) income per common share attributable to PVH Corp.	$ (0.20)	$ 1.24	$ (0.45)	$ 2.57
Diluted net (loss) income per common share attributable to PVH Corp.	$ (0.20)	$ 1.22	$ (0.45)	$ 2.52
Weighted average potentially dilutive securities	3,913	466	3,799	360

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DEBT Schedule of Long Term Debt Instruments (Details) In Thousands, unless otherwise specified	0 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended						3 Months Ended	0 Months Ended		3 Months Ended			0 Months Ended								6 Months Ended			0 Months Ended	6 Months Ended				0 Months Ended		6 Months Ended	0 Months Ended
	Feb. 13, 2013 USD ($)	Aug. 04, 2013 USD ($)	May 05, 2013 USD ($)	Feb. 03, 2013 USD ($)	Jul. 29, 2012 USD ($)	Aug. 04, 2013 USD ($)	Jul. 29, 2012 USD ($)	Feb. 03, 2013 USD ($)	Aug. 01, 2010 USD ($)	Jun. 06, 2011 Interest Rate Swap [Member] USD ($)	Feb. 13, 2013 Term loan A facility Warnaco [Member] USD ($)	Feb. 13, 2013 Term loan B facility Warnaco [Member] USD ($)	Feb. 13, 2013 Current Outstanding Senior Secured Credit Facilities [Member] USD ($)	Aug. 04, 2013 Current Outstanding Senior Secured Credit Facilities [Member] Interest Rate Swap [Member] USD ($)	Feb. 13, 2013 Previously Outstanding Senior Secured Credit Facilities Due 2016 [Member] USD ($)	Mar. 02, 2011 Previously Outstanding Senior Secured Credit Facilities Due 2016 [Member] USD ($)	Aug. 04, 2013 Previously Outstanding Senior Secured Credit Facilities Due 2016 [Member] Interest Rate Swap [Member] USD ($)	Aug. 04, 2013 7 3/4% debentures [Member] USD ($)	Feb. 13, 2013 United States of America, Dollars USD ($)	Feb. 13, 2013 United States of America, Dollars Term loan A facility Warnaco [Member] USD ($)	Feb. 13, 2013 United States of America, Dollars Term loan B facility Warnaco [Member] USD ($)	Aug. 04, 2013 United States of America, Dollars Term loan B facility Warnaco [Member] Eurocurrency rate loan [Member] Minimum [Member]	Aug. 04, 2013 United States of America, Dollars Term loan B facility Warnaco [Member] One month adjusted Eurocurrency rate loan [Member] Minimum [Member]	Feb. 13, 2013 United States Dollars and Canadian Dollars [Member] USD ($)	Feb. 03, 2013 United States Dollars and Canadian Dollars [Member]	Feb. 13, 2013 Euro Member Countries, Euro EUR (€)	Feb. 03, 2013 Multi-currency [Member]	Aug. 04, 2013 Line of Credit [Member] United States of America, Dollars Unites States federal fund rate [Member]	Aug. 04, 2013 Line of Credit [Member] United States of America, Dollars One month adjusted Eurocurrency rate loan [Member]	Aug. 04, 2013 Line of Credit [Member] Canadian dollars [Member]	Feb. 13, 2013 Term Loan [Member] USD ($)	Aug. 04, 2013 Term Loan [Member] United States of America, Dollars Term loan A facility Warnaco [Member] Base rate loan [Member]	Aug. 04, 2013 Term Loan [Member] United States of America, Dollars Term loan A facility Warnaco [Member] Eurocurrency rate loan [Member]	Aug. 04, 2013 Term Loan [Member] United States of America, Dollars Term loan B facility Warnaco [Member] Base rate loan [Member]	Aug. 04, 2013 Term Loan [Member] United States of America, Dollars Term loan B facility Warnaco [Member] Eurocurrency rate loan [Member]	Feb. 13, 2013 Senior notes [Member] USD ($)	Aug. 04, 2013 Senior notes [Member] 4 1/2% senior notes [Member]	Aug. 04, 2013 Senior notes [Member] 7 3/8% senior notes [Member]	Feb. 13, 2013 Warnaco acquisition [Member] USD ($)
Senior Secured Credit Facilities [Abstract]
Amended facility, overall maximum borrowing capacity																$ 1,970,000
Amended facility, maximum borrowing capacity, term loans																1,520,000
Number of revolving credit facilities																									1		2
Line of credit facility, maximum borrowing capacity													750,000			450,000			475,000					25,000		185,850
Proceeds from issuance of long-term debt				700,000				700,000												1,700,000	1,375,000										3,075
Original issue discount											7,325	6,875
Payments of financing costs	67,370
Debt modification and extinguishment costs		0			0	40,395	0																																34,638
Deferred debt issuance costs			5,757												5,757
Letters of credit outstanding, amount		79,105				79,105
Term loan facility increase, maximum						750,000
Term loan facility increase, maximum ratio						1,250,000
Total outstanding senior secured credit facility		2,880,499				2,880,499
Debt instrument, basis spread on variable rate																												0.50%	1.00%			1.00%	2.00%	1.50%	2.50%
Debt instrument, interest rate, stated percentage		4.50%				4.50%												7.75%				0.75%	1.75%							0.75%							4.50%	7.375%
Notional amount outstanding of foreign currency forward exchange contracts										632,000				1,228,750			436,608
Derivative, fixed interest rate														0.604%			1.197%
Payment of fees associated with issuance of senior notes						16,257	0																								32,732					16,257
Gross proceeds from issuance of long-term debt									600,000
Maximum redemption percentage																																						35.00%
Debt instrument, face amount																		$ 100,000
Debt instrument, yield to maturity																		7.80%
Derivative agreement term														3 years			3 years
Carry forward period revolving credit facility		1 month
Cost of funds index rate period		3 months
Carry forward period borrowings maximum		1 year
Won-denominated short term credit facility lender		1

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FAIR VALUE MEASUREMENTS

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

FASB guidance for fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It also establishes a three level hierarchy that prioritizes the inputs used to measure fair value. The three levels of the hierarchy are defined as follows:

Level 1 – Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 – Observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability and inputs derived principally from or corroborated by observable market data.

Level 3 – Unobservable inputs reflecting the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability based on the best information available.

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:

	8/4/13							2/3/13							7/29/12
	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	$	2,110	N/A		$	2,110	N/A	$	4,693	N/A		$	4,693	N/A	$	18,828	N/A		$	18,828
Interest rate contracts	N/A	4,110		N/A		4,110		N/A	N/A		N/A		N/A		N/A	45		N/A		45
Total Assets	N/A	$	6,220	N/A		$	6,220	N/A	$	4,693	N/A		$	4,693	N/A	$	18,873	N/A		$	18,873
Liabilities:
Foreign currency forward exchange contracts	N/A	$	5,107	N/A		$	5,107	N/A	$	13,460	N/A		$	13,460	N/A	$	1,515	N/A		$	1,515
Interest rate contracts	N/A	8,097		N/A		8,097		N/A	5,058		N/A		5,058		N/A	6,729		N/A		6,729
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India	N/A	N/A		$	6,649	6,649		N/A	N/A		$	7,003	7,003		N/A	N/A		$	9,021	9,021
Total Liabilities	N/A	$	13,204	$	6,649	$	19,853	N/A	$	18,518	$	7,003	$	25,521	N/A	$	8,244	$	9,021	$	17,265

The fair value of the foreign currency forward exchange contracts is measured as the total amount of currency to be purchased, multiplied by the difference between (i) the forward rate as of the period end and (ii) the settlement rate specified in each contract. The fair values of the interest rate contracts are based on observable interest rate yield curves and represent the expected discounted cash flows underlying the financial instruments.

Pursuant to the agreement governing the reacquisition of the rights in India to the Tommy Hilfiger trademarks, the Company is required to make annual contingent purchase price payments based on a percentage of annual sales in excess of an agreed upon threshold of Tommy Hilfiger products in India for a period of five years (or, under certain circumstances, a period of six years) following the acquisition date. Such payments are subject to a $25,000 aggregate maximum and are due within 60 days following each one-year period. The first one-year period commenced on July 1, 2011. During the third quarter of 2012, the Company made a contingent purchase price payment of $185 for the first one-year period. The Company is required to remeasure this liability at fair value on a recurring basis and classifies this as a Level 3 measurement. The fair value of such contingent purchase price payments was determined using the discounted cash flow method, based on net sales projections for the Tommy Hilfiger apparel and accessories businesses in India, and was discounted using rates of return that account for the relative risks of the estimated future cash flows. Excluding the initial recognition of the liability for the contingent purchase price payments and payments made to reduce the liability, changes in the fair value are included within selling, general and administrative expenses.

The following table presents the change in the Level 3 contingent purchase price payment liability for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012:

	Twenty-Six Weeks Ended
	8/4/13			7/29/12
Beginning Balance	$	7,003		$	9,559
Payments	—			—
Adjustments included in earnings	(354		)	(538		)
Ending Balance	$	6,649		$	9,021

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

Unobservable Inputs	Amount
Approximate compounded annual net sales growth rate	45.0	%
Approximate discount rate	20.0	%

A five percentage point increase or decrease in the discount rate would change the liability by approximately $1,000.

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

There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements.

There were no material non-financial assets or liabilities that were required to be remeasured at fair value on a non-recurring basis during the twenty-six weeks endedAugust 4, 2013 and July 29, 2012.

The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of August 4, 2013, February 3, 2013 and July 29, 2012 were as follows:

	8/4/13				2/3/13				7/29/12
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	628,920	$	628,920	$	892,209	$	892,209	$	261,986	$	261,986
Short-term borrowings	3,447		3,447		10,847		10,847		52,791		52,791
Long-term debt (including portion classified as current)	4,280,151		4,358,547		2,299,642		2,398,200		1,803,485		1,886,289

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.

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GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Feb. 03, 2013
Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,029,640	$ 212,011	$ 233,455
Finite-Lived Intangible Assets, Accumulated Amortization	(192,039)	(72,853)	(79,301)
Finite-Lived Intangible Assets, Net	837,601	139,158	154,154
Indefinite-Lived Intangible Assets, Gross, Excluding Goodwill	3,194,717	2,344,585	2,426,851
Indefinite-Lived Intangible Assets, Accumulated Amortization	0	0	0
Indefinite-Lived Intangible Assets (Excluding Goodwill)	3,194,717	2,344,585	2,426,851
Intangible Assets, Gross (Excluding Goodwill)	4,224,357	2,556,596	2,660,306
Intangible Assets, Accumulated Amortization	(192,039)	(72,853)	(79,301)
Intangible Assets, Net (Excluding Goodwill)	4,032,318	2,483,743	2,581,005
Amortization of Intangible Assets	112,738	6,454
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
Remainder of 2013	28,951
2014	44,823
2015	44,482
2016	44,482
2017	44,482
2018	44,482
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	27 years 8 months 12 days
Tradenames [Member]
Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Gross, Excluding Goodwill	2,975,764	2,332,811	2,413,809
Indefinite-Lived Intangible Assets, Accumulated Amortization	0	0	0
Indefinite-Lived Intangible Assets (Excluding Goodwill)	2,975,764	2,332,811	2,413,809
Perpetual License Rights [Member]
Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Gross, Excluding Goodwill	206,336	0	0
Indefinite-Lived Intangible Assets, Accumulated Amortization	0	0	0
Indefinite-Lived Intangible Assets (Excluding Goodwill)	206,336	0	0
Reacquired Perpetual License Rights [Member]
Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Gross, Excluding Goodwill	12,617	11,774	13,042
Indefinite-Lived Intangible Assets, Accumulated Amortization	0	0	0
Indefinite-Lived Intangible Assets (Excluding Goodwill)	12,617	11,774	13,042
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Finite-Lived Intangible Assets, Gross	333,064	171,583	190,383
Finite-Lived Intangible Assets, Accumulated Amortization	(54,411)	(35,213)	(41,158)
Finite-Lived Intangible Assets, Net	278,653	136,370	149,225
Covenants Not to Compete [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,220	2,220	2,220
Finite-Lived Intangible Assets, Accumulated Amortization	(2,220)	(2,190)	(2,220)
Finite-Lived Intangible Assets, Net	0	30	0
Order Backlog [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 months
Finite-Lived Intangible Assets, Gross	128,196	32,287	32,287
Finite-Lived Intangible Assets, Accumulated Amortization	(122,504)	(32,287)	(32,287)
Finite-Lived Intangible Assets, Net	5,692	0	0
Reacquired License Rights [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	33 years
Finite-Lived Intangible Assets, Gross	566,160	5,921	8,565
Finite-Lived Intangible Assets, Accumulated Amortization	(12,904)	(3,163)	(3,636)
Finite-Lived Intangible Assets, Net	$ 553,256	$ 2,758	$ 4,929

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DEBT Schedule of Mandatory Long-Term Debt Repayments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended		12 Months Ended					0 Months Ended
	Feb. 03, 2013	Aug. 04, 2013	Jul. 29, 2012	Feb. 03, 2013	Aug. 04, 2013 7 3/4% debentures [Member]	Aug. 04, 2013 Senior notes [Member] 7 3/8% senior notes [Member]	Aug. 04, 2013 United States dollar-denominated	Jul. 29, 2012 United States dollar-denominated	Feb. 13, 2013 United States dollar-denominated Term loan A facility Warnaco [Member]	Feb. 13, 2013 United States dollar-denominated Term loan B facility Warnaco [Member]	Aug. 04, 2013 Euro-denominated	Jul. 29, 2012 Euro-denominated
Debt Instrument [Line Items]
Mandatory Long Term Debt Repayment Remainder of 2013		$ 42,500
Mandatory Long Term Debt Repayment 2014		85,000
Mandatory Long Term Debt Repayment 2015		116,875
Mandatory Long Term Debt Repayment 2016		159,375
Mandatory Long Term Debt Repayment 2017		170,000
Mandatory Long Term Debt Repayment 2018		1,105,000
Proceeds from issuance of long-term debt	700,000			700,000					1,700,000	1,375,000
Total debt percentage bearing fixed interest rates		45.00%
Total debt percentage bearing fixed interest rates due to swap agreement		0
Senior secured term loan A facility due 2018		1,672,297	0
Senior secured term loan B facility due 2020		1,208,202	0
4 1/2% senior unsecured notes		700,000	0
7 3/8% senior unsecured notes		600,000	600,000
7 3/4% debentures		99,652	99,631
Senior secured term loan A facility due 2016 - United States dollar-denominated							0	592,000			0	98,844
Senior secured term loan B facility due 2016 - United States dollar-denominated							0	395,000			0	18,010
Total		4,280,151	1,803,485
Less: Current portion of long-term debt	88,000	85,000	88,021	88,000
Long-Term Debt	2,211,642	4,195,151	1,715,464	2,211,642
Debt instrument, interest rate, stated percentage		4.50%			7.75%	7.375%
Maturities of Long-term Debt [Abstract]
Repayment of long term debt		$ 181,688	$ 89,680

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NET (LOSS) INCOME PER COMMON SHARE (Tables)

6 Months Ended

Aug. 04, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

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

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Net (loss) income attributable to PVH Corp.	$	(15,996	)	$	89,918		$	(36,048	)	$	185,394
Less:
Common stock dividends paid to holders of Series A convertible preferred stock	—			—			—			(209		)
Allocation of income to Series A convertible preferred stock	—			(2,591		)	—			(6,936		)
Net (loss) income available to common stockholders for basic net (loss) income per common share	(15,996		)	87,327			(36,048		)	178,249
Add back:
Common stock dividends paid to holders of Series A convertible preferred stock	—			—			—			209
Allocation of income to Series A convertible preferred stock	—			2,591			—			6,936
Net (loss) income available to common stockholders for diluted net (loss) income per common share	$	(15,996	)	$	89,918		$	(36,048	)	$	185,394
Weighted average common shares outstanding for basic net (loss) income per common share	81,337			70,403			80,653			69,471
Weighted average impact of dilutive securities	—			1,105			—			1,346
Weighted average impact of assumed convertible preferred stock conversion	—			2,095			—			2,785
Total shares for diluted net (loss) income per common share	81,337			73,603			80,653			73,602
Basic net (loss) income per common share attributable to PVH Corp.	$	(0.20	)	$	1.24		$	(0.45	)	$	2.57
Diluted net (loss) income per common share attributable to PVH Corp.	$	(0.20	)	$	1.22		$	(0.45	)	$	2.52

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Potentially dilutive securities excluded from the calculation of diluted net (loss) income per common share were as follows:

	Thirteen Weeks Ended		Twenty-Six Weeks Ended
	8/4/13	7/29/12	8/4/13	7/29/12
Weighted average potentially dilutive securities	3,913	466	3,799	360

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RECENT ACCOUNTING GUIDANCE

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

RECENT ACCOUNTING GUIDANCE

RECENT ACCOUNTING GUIDANCE

The FASB issued in February 2013 guidance that requires an entity to provide information about significant amounts reclassified out of AOCI. For amounts that are required to be reclassified in their entirety to net income in the same reporting period, an entity must report the amounts by component and their corresponding effect on the respective line items of net income. Such information is required to be presented either on the face of the financial statements or as a separate disclosure in the footnotes to the financial statements. For other amounts that are not required to be reclassified to net income in their entirety, an entity is required to cross-reference to other disclosures. The Company adopted this guidance during the first quarter of 2013 and elected to present a separate disclosure in the Notes to Consolidated Financial Statements. The adoption did not have any impact on the Company’s consolidated results of operations or financial position.

The FASB issued in March 2013 guidance that requires an entity to release any related cumulative translation adjustment into net income when it ceases to have a controlling financial interest in a subsidiary that is a foreign entity if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity. For an equity method investment that is a foreign entity, a pro rata portion of the cumulative translation adjustment related to the investment should be released into net income upon a partial sale of such investment. This guidance becomes effective for the Company in the first quarter of 2014. The adoption is not expected to have a material impact on the Company’s consolidated results of operations or financial position.

The FASB issued in July 2013 guidance that requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, to the extent (i) a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or (ii) the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This guidance becomes effective prospectively for the Company in the first quarter of 2014. The adoption is not expected to have any impact on the Company’s consolidated results of operations or financial position.

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GUARANTEES

6 Months Ended

Aug. 04, 2013

Guarantees [Abstract]

GUARANTEES

GUARANTEES

The Company guaranteed to a landlord the payment of rent and related costs by the tenant currently occupying space previously leased by the Company. The maximum amount guaranteed as of August 4, 2013 is approximately $3,600, which is subject to exchange rate fluctuation. The Company has the right to seek recourse of approximately $2,300 as of August 4, 2013, which is subject to exchange rate fluctuation. The guarantee expires on May 19, 2016.

The Company has certain other guarantees whereby it guaranteed the payment of amounts on behalf of certain other parties, none of which are material individually or in the aggregate.

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REDEEMABLE NON-CONTROLLING INTEREST (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Aug. 04, 2013 individual	Feb. 03, 2013	Jul. 29, 2012	Aug. 04, 2013 Warnaco acquisition [Member]	Feb. 13, 2013 Warnaco acquisition [Member]	Aug. 04, 2013 24% ownership [Member]	Aug. 04, 2013 25% ownership [Member]
Non-controlling Interest [Line Items]
Non-controlling shareholder	1
Non-controlling interest, ownership percentage by parent				51.00%
Redeemable non-controlling interest, fair value					$ 5,600
Fair Value Adjustment to Equity	1,625
Assets, Current	3,080,645	2,437,006	1,819,938
Redeemable Non-Controlling Interest	$ 5,600	$ 0	$ 0	$ 5,600
Non-controlling interest, ownership percentage by non-controlling shareholders	49.00%					24.00%	25.00%
Period used to determine put price based upon joint venture's earnings before interest, taxes, depreciation and amortization	12 months

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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Aug. 04, 2013

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:

	8/4/13							2/3/13							7/29/12
	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	$	2,110	N/A		$	2,110	N/A	$	4,693	N/A		$	4,693	N/A	$	18,828	N/A		$	18,828
Interest rate contracts	N/A	4,110		N/A		4,110		N/A	N/A		N/A		N/A		N/A	45		N/A		45
Total Assets	N/A	$	6,220	N/A		$	6,220	N/A	$	4,693	N/A		$	4,693	N/A	$	18,873	N/A		$	18,873
Liabilities:
Foreign currency forward exchange contracts	N/A	$	5,107	N/A		$	5,107	N/A	$	13,460	N/A		$	13,460	N/A	$	1,515	N/A		$	1,515
Interest rate contracts	N/A	8,097		N/A		8,097		N/A	5,058		N/A		5,058		N/A	6,729		N/A		6,729
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India	N/A	N/A		$	6,649	6,649		N/A	N/A		$	7,003	7,003		N/A	N/A		$	9,021	9,021
Total Liabilities	N/A	$	13,204	$	6,649	$	19,853	N/A	$	18,518	$	7,003	$	25,521	N/A	$	8,244	$	9,021	$	17,265

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 twenty-six weeks endedAugust 4, 2013 and July 29, 2012:

	Twenty-Six Weeks Ended
	8/4/13			7/29/12
Beginning Balance	$	7,003		$	9,559
Payments	—			—
Adjustments included in earnings	(354		)	(538		)
Ending Balance	$	6,649		$	9,021

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 is as follows:

Unobservable Inputs	Amount
Approximate compounded annual net sales growth rate	45.0	%
Approximate discount rate	20.0	%

A five percentage point increase or decrease in the discount rate would change the liability by approximately $1,000.

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 August 4, 2013, February 3, 2013 and July 29, 2012 were as follows:

	8/4/13				2/3/13				7/29/12
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	628,920	$	628,920	$	892,209	$	892,209	$	261,986	$	261,986
Short-term borrowings	3,447		3,447		10,847		10,847		52,791		52,791
Long-term debt (including portion classified as current)	4,280,151		4,358,547		2,299,642		2,398,200		1,803,485		1,886,289

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.

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GENERAL (Details)	6 Months Ended
	Aug. 04, 2013
Fiscal Period [Line Items]
Fiscal year, minimum number of weeks	P52W
Fiscal year, maximum number of weeks	P53W
Non-controlling interest, ownership percentage by non-controlling shareholders	49.00%

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RETIREMENT AND BENEFIT PLANS (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Feb. 02, 2014	Feb. 03, 2013	Aug. 04, 2013 Pension Plans, Defined Benefit [Member] plans	Jul. 29, 2012 Pension Plans, Defined Benefit [Member]	Aug. 04, 2013 Pension Plans, Defined Benefit [Member] plans	Jul. 29, 2012 Pension Plans, Defined Benefit [Member]	Aug. 04, 2013 SERP Plans [Member] plans	Jul. 29, 2012 SERP Plans [Member]	Aug. 04, 2013 SERP Plans [Member] plans	Jul. 29, 2012 SERP Plans [Member]	Aug. 04, 2013 Other Postretirement Benefit Plans, Defined Benefit [Member] plans	Jul. 29, 2012 Other Postretirement Benefit Plans, Defined Benefit [Member]	Aug. 04, 2013 Other Postretirement Benefit Plans, Defined Benefit [Member] plans	Jul. 29, 2012 Other Postretirement Benefit Plans, Defined Benefit [Member]	May 05, 2013 Warnaco acquisition [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of plans					6		6		3		3		2		2
Vesting Period Non-Contributory Defined Benefit Pension Plans	5
Current Executives Covered By Capital Accumulation Program	2
Retired Executives Covered By Capital Accumulation Program	15
Plan Benefit Payment Activation Age	65
Plan Benefit Payment Period											10 years
Minimum Number of Years of Employment											10 years				10 years
Minimum Age Prior to Employment Termination	55
Percentage of corridor for determining minimum amount of amortization of actuarial gain or loss				10.00%
Service cost, including plan expenses					$ 4,823	$ 4,011	$ 9,420	$ 7,865	$ 1,119	$ 814	$ 2,169	$ 1,787	$ 14	$ 0	$ 40	$ 0
Interest cost					6,528	4,530	13,067	8,986	953	827	1,810	1,673	207	181	429	399
Expected return on plan assets					(9,658)	(5,254)	(19,528)	(10,476)
Amortization of prior service cost (credit)					2	1	3	2	(17)	(16)	(34)	(33)	(204)	(204)	(408)	(408)
Total					1,695	3,288	2,962	6,377	2,055	1,625	3,945	3,427	17	(23)	61	(9)
Pension Contributions	$ 30,000	$ 7,489	$ 60,000														$ 30,000

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RETIREMENT AND BENEFIT PLANS (Tables)

6 Months Ended

Aug. 04, 2013

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Net benefit cost related to the Company’s Pension Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	4,823		$	4,011		$	9,420		$	7,865
Interest cost	6,528			4,530			13,067			8,986
Expected return on plan assets	(9,658		)	(5,254		)	(19,528		)	(10,476		)
Amortization of prior service cost	2			1			3			2
Total	$	1,695		$	3,288		$	2,962		$	6,377

Net benefit cost related to the Company’s SERP Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	1,119		$	814		$	2,169		$	1,787
Interest cost	953			827			1,810			1,673
Amortization of prior service credit	(17		)	(16		)	(34		)	(33		)
Total	$	2,055		$	1,625		$	3,945		$	3,427

Net benefit cost related to the Company’s Postretirement Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	14		$	—		$	40		$	—
Interest cost	207			181			429			399
Amortization of prior service credit	(204		)	(204		)	(408		)	(408		)
Total	$	17		$	(23	)	$	61		$	(9	)

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ACCUMULATED OTHER COMPREHENSIVE INCOME RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
	Aug. 04, 2013	Aug. 04, 2013
Realized gain on effective hedges, tax benefit	$ (391)	$ 735
Amounts reclassified from AOCI, net unrealized and realized (loss) gain on effective hedges	(912)	(11)
Amortization of retirement liability items	219	439
Amortization of prior service credit related to pension and postretirement plan, tax benefit	84	168
Amounts reclassified from AOCI, retirement liability adjustment	135	271
Foreign Exchange Forward Inventory Purchases [Member]
Realized gain on effective hedges	(280)	2,901
Interest Rate Contract [Member]
Realized gain on effective hedges	$ (1,023)	$ (2,177)

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ACCUMULATED OTHER COMPREHENSIVE INCOME CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012	Feb. 03, 2013
Balance, foreign currency translation adjustments	$ 4,629		$ 4,629		$ 153,648
Other comprehensive (loss) income before reclassifications, foreign currency translation adjustments			(149,019)
Amounts reclassified from AOCI, foreign currency translation adjustments			0
Balance, retirement liability adjustment	1,281		1,281		1,552
Other comprehensive (loss) income before reclassifications, pension and postretirement plans			0
Amounts reclassified from AOCI, retirement liability adjustment	135		271
Amortization of prior service credit related to pension and postretirement plans, net of tax	(135)	(135)	(271)	(271)
Balance, net unrealized and realized (loss) gain on effective hedges	(5,804)		(5,804)		(15,318)
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges			9,503
Amounts reclassified from AOCI, net unrealized and realized (loss) gain on effective hedges	(912)		(11)
Net unrealized and realized gain on effective hedges, net of tax	1,656	6,346	9,514	2,099
Accumulated other comprehensive income (loss)	106	(57,524)	106	(57,524)	139,882
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax			(139,516)
Amounts reclassified from AOCI, total			260
Other comprehensive (loss) income			$ (139,776)

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ACQUISITIONS Pro Forma Results Of Operations (Details) (Warnaco acquisition [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012
Warnaco acquisition [Member]
Pro Forma Consolidated Results Of Operations [Line Items]
Total revenue	$ 1,964,847	$ 1,803,015	$ 3,938,037	$ 3,743,839
Net income attributable to PVH Corp.	$ 74,545	$ 39,616	$ 149,948	$ 80,417

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NONCASH INVESTING AND FINANCING ACTIVITIES (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	0 Months Ended	3 Months Ended	6 Months Ended			6 Months Ended		0 Months Ended	3 Months Ended
	Feb. 13, 2013	May 05, 2013	Aug. 04, 2013	Jul. 29, 2012	Feb. 03, 2013	Aug. 04, 2013 Calvin Klein licensing business [Member]	Jul. 29, 2012 Calvin Klein licensing business [Member]	Feb. 13, 2013 Warnaco acquisition [Member]	May 05, 2013 Warnaco acquisition [Member]	Jul. 29, 2012 Series A Preferred Stock Issuance And Conversion [Member]	Apr. 29, 2012 Series A Preferred Stock Issuance And Conversion [Member]
Nonmonetary Transaction [Line Items]
Liabilities incurred related to contingent purchase price payments			$ 22,722			$ 22,722	$ 22,226
Contingent purchase price payment terms						Due 45 days subsequent to the Company’s applicable quarter end
Contingent purchase price payments			26,734	25,749		26,734	25,749
Stock issued during period, shares, acquisitions									7,674
Common stock, par value (in dollars per share)			$ 1	$ 1	$ 1				$ 1.00
Business acquisition, equity interest issued, treasury stock, number of shares									416
Increase in common stock									7,258		2,095
Increase in additional paid in capital									888,925		92,202
Decrease in treasury stock									30,269
Warnaco employee replacement stock awards	39,752							39,752	39,752
Elimination of pre-acquisition liability to Warnaco								9,128	9,128
Deferred debt issuance costs		5,757
Holders of Series A convertible preferred stock										1	1
Conversion of preferred stock, shares converted											4
Stock issued during period, shares, conversion of convertible preferred stock										2,095	2,095
Conversion of preferred stock, amount converted											94,297
Capital Lease Obligations Incurred			$ 2,663	$ 13,480

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SEGMENT DATA

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

SEGMENT DATA

SEGMENT DATA

The acquisition of Warnaco significantly impacted the way the Company and its chief operating decision maker manage and analyze its operating results. As such, the Company changed its reportable segments beginning with the first quarter of 2013. Prior year periods have been restated in order to present that information on a basis consistent with the current year.

The Company manages its operations through its operating divisions, which are presented as six reportable segments: (i) Calvin Klein North America; (ii) Calvin Klein International; (iii) Tommy Hilfiger North America; (iv) Tommy Hilfiger International; (v) Heritage Brands Wholesale; and (vi) Heritage Brands Retail.

Calvin Klein North America segment - This segment consists of the Company’s Calvin Klein North America division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale in North America, primarily to department, mid-tier department and specialty stores; (ii) operating retail stores, which are primarily located in outlet centers, and an e-commerce website for North American customers, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the brand names Calvin Klein Collection, ck Calvin Klein (in the process of being changed to Calvin Klein on a platinum label) and Calvin Klein for a broad array of products and retail services in North America.

Calvin Klein International segment - This segment consists of the Company’s Calvin Klein International division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale principally in Europe, Asia and Brazil, primarily to department and specialty stores and franchise operators of Calvin Klein stores, and through distributors; (ii) operating retail stores in Europe, Asia and Brazil, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the brand names Calvin Klein Collection, ck Calvin Klein (in the process of being changed to Calvin Klein on a platinum label) and Calvin Klein for a broad array of products and retail services outside of North America.

Tommy Hilfiger North America segment - This segment consists of the Company’s Tommy Hilfiger North America division. This segment derives revenue principally from (i) marketing Tommy Hilfiger branded apparel and related products at wholesale in North America, primarily to department stores, principally Macy’s; and (ii) operating retail stores and an e-commerce website for North American customers, which sell Tommy Hilfiger branded apparel, accessories and related products. This segment also derives revenue from licensing and similar arrangements relating to the use by third parties of the Tommy Hilfiger brand name for a broad array of products in North America.

Tommy Hilfiger International segment - This segment consists of the Company’s Tommy Hilfiger International division. This segment derives revenue principally from (i) marketing Tommy Hilfiger branded apparel and related products at wholesale principally in Europe, primarily to department and specialty stores and franchise operators of Tommy Hilfiger stores, and through distributors and licensees; and (ii) operating retail stores in Europe and Japan, as well as operating an international e-commerce site, which sell Tommy Hilfiger branded apparel, accessories and related products. This segment also includes the Company’s proportionate share of the net income or loss of its investments in unconsolidated Tommy Hilfiger foreign affiliates. This segment also derives revenue from licensing and similar arrangements relating to the use by third parties of the Tommy Hilfiger brand name for a broad array of products outside of North America.

Heritage Brands Wholesale segment - This segment consists of the Company’s heritage brands wholesale division. This segment derives revenue primarily from the marketing to department, mid-tier department and specialty stores in North America of: (i) dress shirts and neckwear under various owned and licensed brand names, including several private label brands; (ii) men’s sportswear under the brand names Van Heusen, IZOD and ARROW; (iii) swimwear, fitness apparel, swim accessories and related products under the brand name Speedo beginning in the first quarter of 2013; and (iv) women’s intimate apparel under the brand names Warner’s and Olga beginning in the first quarter of 2013. This segment also derived revenue through the second quarter of 2012 from marketing men’s sportswear under the brand name Timberland and through the third quarter of 2012 from marketing women’s sportswear under the brand name IZOD.

Heritage Brands Retail segment - This segment consists of the Company’s Heritage Brands retail division. This segment derives revenue principally from operating retail stores, primarily in outlet centers in North America, which sell apparel, footwear, accessories and related products under the brand names Van Heusen, IZOD, Bass and G.H. Bass & Co.

The following tables present summarized information by segment:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	8/4/13		7/29/12		8/4/13				7/29/12
Revenue – Calvin Klein North America
Net sales	$	332,119	$	150,546	$	625,459			$	312,520
Royalty revenue	22,610		28,891		48,026				60,199
Advertising and other revenue	8,024		14,201		16,719				26,075
Total	362,753		193,638		690,204				398,794
Revenue – Calvin Klein International
Net sales	286,152		12,124		541,340		(1	)	21,869
Royalty revenue	15,796		30,355		34,149				64,520
Advertising and other revenue	5,884		15,114		12,750				28,167
Total	307,832		57,593		588,239				114,556
Revenue – Tommy Hilfiger North America
Net sales	357,081		324,482		694,757				623,462
Royalty revenue	6,034		5,101		12,524				9,625
Advertising and other revenue	1,748		2,285		4,206				3,972
Total	364,863		331,868		711,487				637,059
Revenue – Tommy Hilfiger International
Net sales	420,485		375,495		872,271				829,345
Royalty revenue	12,810		13,078		24,563				23,358
Advertising and other revenue	1,138		1,465		2,352				2,509
Total	434,433		390,038		899,186				855,212
Revenue – Heritage Brands Wholesale
Net sales	328,540		183,500		683,109				437,618
Royalty revenue	4,158		3,859		8,150				7,839
Advertising and other revenue	762		1,189		1,366				2,357
Total	333,460		188,548		692,625				447,814
Revenue – Heritage Brands Retail
Net sales	160,062		173,473		290,548				307,655
Royalty revenue	1,153		1,229		2,216				2,432
Advertising and other revenue	291		236		502				507
Total	161,506		174,938		293,266				310,594
Total Revenue
Net sales	1,884,439		1,219,620		3,707,484				2,532,469
Royalty revenue	62,561		82,513		129,628				167,973
Advertising and other revenue	17,847		34,490		37,895				63,587
Total	$	1,964,847	$	1,336,623	$	3,875,007			$	2,764,029

⁽¹⁾  Includes $30,000 of sales returns for certain Warnaco wholesale customers in Asia in connection with the Company’s initiative to reduce excess inventory levels.

	Thirteen Weeks Ended								Twenty-Six Weeks Ended
	8/4/13				7/29/12				8/4/13				7/29/12
Income before interest and taxes – Calvin Klein North America	$	39,496		(2)	$	36,412			$	51,934		(3)	$	72,490
(Loss) income before interest and taxes – Calvin Klein International	(56,878		)	(2)	23,777				(105,032		)	(3)	46,003
Income before interest and taxes – Tommy Hilfiger North America	61,960				52,636				107,970				81,513			(6)
Income before interest and taxes – Tommy Hilfiger International	37,859				41,113			(5)	110,001				114,593			(6)
Income before interest and taxes – Heritage Brands Wholesale	29,149			(2)	13,797				57,504			(3)	34,037
Income (loss) before interest and taxes – Heritage Brands Retail	4,013				9,306				(2,790		)		6,710
Loss before interest and taxes – Corporate(1)	(42,166		)	(2)	(23,787		)	(5)	(139,369		)	(3)(4)	(46,010		)	(6)
Income before interest and taxes	$	73,433			$	153,254			$	80,218			$	309,336

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

⁽²⁾  Income (loss) before interest and taxes for the thirteen weeks endedAugust 4, 2013 includes costs of $139,886 associated with the Company’s acquisition and integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $27,632 in Calvin Klein North America; $85,008 in Calvin Klein International; $11,247 in Heritage Brands Wholesale and $15,999 in corporate expenses not allocated to any reportable segments.

⁽³⁾  Income (loss) before interest and taxes for the twenty-six weeks endedAugust 4, 2013 includes costs of $333,993 associated with the Company’s acquisition and integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $68,734 in Calvin Klein North America; $185,468 in Calvin Klein International; $28,770 in Heritage Brands Wholesale and $51,021 in corporate expenses not allocated to any reportable segments.

⁽⁴⁾  Loss before interest and taxes for the twenty-six weeks endedAugust 4, 2013 includes costs of $40,395 associated with the Company’s debt modification and extinguishment. Please refer to Note 8, “Debt,” for a further discussion.

⁽⁵⁾  Income (loss) before interest and taxes for the thirteen weeks ended July 29, 2012 includes costs of $4,541 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows: $3,497 in Tommy Hilfiger International and $1,044 in corporate expenses not allocated to any reportable segments.

⁽⁶⁾  Income (loss) before interest and taxes for the twenty-six weeks ended July 29, 2012 includes costs of $7,857 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows: $379 in Tommy Hilfiger North America; $3,497 in Tommy Hilfiger International and $3,981 in corporate expenses not allocated to any reportable segments.

Intersegment transactions consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment and the Calvin Klein North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage is eliminated principally in the Heritage Brands Retail segment and the Calvin Klein North America segment.

The following table presents the Company’s total assets by segment:

Identifiable Assets	8/4/13		2/3/13		7/29/12
Calvin Klein North America	$	1,907,589	$	752,029	$	719,391
Calvin Klein International	3,182,654		584,860		578,037
Tommy Hilfiger North America	1,220,896		1,137,404		1,139,287
Tommy Hilfiger International	3,209,996		3,278,813		2,981,087
Heritage Brands Wholesale	1,370,895		555,544		568,847
Heritage Brands Retail	206,313		175,717		185,756
Corporate(1)	416,403		1,297,182		559,083
Total	$	11,514,746	$	7,781,549	$	6,731,488

⁽¹⁾ Corporate at February 3, 2013 included $700,000 of cash that arose from senior notes that were issued to fund a portion of the consideration for the Warnaco acquisition.

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Aug. 04, 2013	Feb. 03, 2013	Jul. 29, 2012
Current Assets:
Allowance for doubtful accounts	$ 22,121	$ 16,114	$ 13,955
Other current assets, deferred taxes	88,189	38,310	53,150
Other Assets:
Other assets, deferred taxes	114,320	61,465	5,315
Liabilities:
Accrued expenses, deferred taxes	3,329	0
Other liabilities, deferred taxes	1,126,386	589,796	501,858
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Common stock, shares authorized (in shares)	240,000,000	240,000,000	240,000,000
Common stock, shares issued (in shares)	82,052,537	73,324,491	70,951,932
Preferred stock, par value (in dollars per share)	$ 100	$ 100	$ 100
Preferred stock, shares authorized (in shares)	150,000	150,000	150,000
Shares of common stock held in treasury, at cost (in shares)	478,934	413,596	409,440
Series A Convertible Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 100	$ 100	$ 100
Preferred stock, shares authorized (in shares)	0	8,000	8,000
Preferred stock, shares issued (in shares)	0	0	4,000
Preferred stock, shares outstanding (in shares)	0	0	4,000
Preferred stock, liquidation preference	$ 0	$ 0	$ 100,000

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GENERAL

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

GENERAL

GENERAL

PVH Corp. and its consolidated subsidiaries (collectively, the “Company”) constitute a global apparel company whose brand portfolio consists of nationally and internationally recognized brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Bass, Warner’s and Olga,which are owned, and Speedo, which is licensed, as well as various other owned, licensed and private label brands. The Company designs and markets branded dress shirts, neckwear, sportswear, swim products, intimates and, to a lesser extent, footwear and other related products and licenses its owned brands over a broad range of products. References to the aforementioned and other brand names are to registered trademarks owned by the Company or licensed to the Company by third parties and are identified by italicizing the brand name.

The consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated in consolidation. Investments in entities that the Company does not control but has the ability to exercise significant influence over are accounted for using the equity method of accounting. Please see Note 4, “Investments in Unconsolidated Affiliates,” for a further discussion. The Company’s Consolidated Income Statements include its proportionate share of the net income or loss of these entities. As a result of the acquisition of The Warnaco Group, Inc. (“Warnaco”), the Company owns a majority interest in a joint venture in India that is consolidated and accounted for as a redeemable non-controlling interest. Please see Note 5, “Redeemable Non-Controlling Interest,” for a further discussion. The redeemable non-controlling interest represents the minority shareholders’ proportionate share (49%) of the equity in the Company’s consolidated subsidiary.

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. References to a year are to the Company’s fiscal year, unless the context requires otherwise.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. Accordingly, they do not contain all disclosures required by accounting principles generally accepted 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 3, 2013.

The preparation of interim financial statements in conformity with accounting principles generally accepted 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 materially from the estimates.

The results of operations for the thirteen and twenty-six weeks endedAugust 4, 2013 and July 29, 2012 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 consolidated financial statements and the notes thereto for the prior year periods to present that information on a basis consistent with the current year. Please see Note 6, “Goodwill and Other Intangible Assets,” Note 7, “Retirement and Benefit Plans,” and Note 18, “Segment Data,” for discussions of changes in accounting and/or reporting related to these areas.

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INVESTMENTS IN UNCONSOLIDATED AFFILIATES

6 Months Ended

Aug. 04, 2013

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Brazil

In 2012, the Company formed a joint venture, Tommy Hilfiger do Brasil S.A., in Brazil, in which the Company owns a 40% economic interest. The joint venture holds an exclusive license for the Tommy Hilfiger brand in Brazil that became effective on January 4, 2013. This investment is being accounted for under the equity method of accounting.

China

In 2011, the Company formed a joint venture, TH Asia Ltd., in China, in which the Company owns a 45% economic interest. The joint venture assumed direct control of the Tommy Hilfiger wholesale and retail distribution businesses in China from the prior licensee on August 1, 2011. This investment is being accounted for under the equity method of accounting.

India

In 2011, the Company completed an acquisition of a 50% economic interest in a company that has since been renamed Tommy Hilfiger Arvind Fashion Private Limited (“TH India”). TH India is the direct licensee of the Tommy Hilfiger trademarks in India for all categories (other than fragrance), operates a wholesale apparel, footwear and handbags business in connection with its license, and sublicenses the trademarks for certain other product categories. This investment is being accounted for under the equity method of accounting.

Included in other assets in the Company’s Consolidated Balance Sheets as of August 4, 2013, February 3, 2013 and July 29, 2012 is $62,822, $62,021 and $46,880, respectively, related to these investments in unconsolidated affiliates.

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INVENTORIES

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

INVENTORIES

INVENTORIES

Inventories are comprised principally of finished goods and are stated at the lower of cost or market.

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ACQUISITIONS (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended	12 Months Ended	0 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended				0 Months Ended
	Feb. 03, 2013	Aug. 04, 2013	Feb. 03, 2013	Feb. 13, 2013 Warnaco acquisition [Member]	May 05, 2013 Warnaco acquisition [Member]	Aug. 04, 2013 Warnaco acquisition [Member]	Feb. 03, 2013 Warnaco acquisition [Member]	Feb. 13, 2013 Warnaco acquisition [Member] Calvin Klein North America [Member]	Feb. 13, 2013 Warnaco acquisition [Member] Calvin Klein International [Member]	Feb. 13, 2013 Warnaco acquisition [Member] Heritage Brands Wholesale [Member]	Feb. 13, 2013 Loans Payable [Member]	Feb. 13, 2013 Perpetual License Rights [Member] Warnaco acquisition [Member]	Feb. 13, 2013 Tradenames [Member] Warnaco acquisition [Member]	Feb. 13, 2013 Reacquired Perpetual License Rights [Member] Warnaco acquisition [Member]	Feb. 13, 2013 Order Backlog [Member] Warnaco acquisition [Member]	Feb. 13, 2013 Customer Relationships [Member] Warnaco acquisition [Member]
Business Acquisition [Line Items]
Debt instrument, interest rate, stated percentage		4.50%
Calvin Klein categories		2
Total fair value of the acquisition consideration				$ 3,137,056
Business acquisition, equity interest issued or issuable, number of shares				7,674	7,674
Elimination of pre-acquisition liability to Warnaco				9,128	9,128
Proceeds from issuance of long-term debt	700,000		700,000								3,075
Acquisition, integration and related restructuring costs		142,000				185,000	43,000
Warnaco revenue recorded from acquisition date through period-end		1,027,878
Warnaco net loss recorded from acquisition date through period end		(62,727)
Goodwill				1,451,479				443,419	878,786	129,274
Amortizable Intangible Assets				1,636,300
Other intangibles				824,800										578,000	97,000	149,800
Intangible assets not amortizable												$ 206,900	$ 604,600

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GENERAL (Policies)

6 Months Ended

Aug. 04, 2013

General [Abstract]

Fiscal Period

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.

Consolidation, Policy [Text Block]

The consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated in consolidation. Investments in entities that the Company does not control but has the ability to exercise significant influence over are accounted for using the equity method of accounting. Please see Note 4, “Investments in Unconsolidated Affiliates,” for a further discussion. The Company’s Consolidated Income Statements include its proportionate share of the net income or loss of these entities. As a result of the acquisition of The Warnaco Group, Inc. (“Warnaco”), the Company owns a majority interest in a joint venture in India that is consolidated and accounted for as a redeemable non-controlling interest. Please see Note 5, “Redeemable Non-Controlling Interest,” for a further discussion. The redeemable non-controlling interest represents the minority shareholders’ proportionate share (49%) of the equity in the Company’s consolidated subsidiary.

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DEBT (Tables)

6 Months Ended

Aug. 04, 2013

Debt [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

The carrying amounts of the Company’s long-term debt were as follows:

	8/4/13		7/29/12
Senior secured term loan A facility due 2018	$	1,672,297	$	—
Senior secured term loan B facility due 2020	1,208,202		—
4 1/2% senior unsecured notes	700,000		—
7 3/8% senior unsecured notes	600,000		600,000
7 3/4% debentures	99,652		99,631
Senior secured term loan A facility due 2016 - United States dollar-denominated	—		592,000
Senior secured term loan A facility due 2016 - Euro-denominated	—		98,844
Senior secured term loan B facility due 2016 - United States dollar-denominated	—		395,000
Senior secured term loan B facility due 2016 - Euro-denominated	—		18,010
Total	4,280,151		1,803,485
Less: Current portion of long-term debt	85,000		88,021
Long-term debt	$	4,195,151	$	1,715,464

Schedule of Mandatory Long-Term Debt Repayments [Table]

As of August 4, 2013, the Company’s mandatory long-term debt repayments for the next five years were as follows:

Remainder of 2013	$	42,500
2014	85,000
2015	116,875
2016	159,375
2017	170,000
2018	1,105,000

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GUARANTEES (Details) (USD $) In Thousands, unless otherwise specified	Aug. 04, 2013
Guarantor Obligations [Line Items]
Guarantee Obligations Maximum Exposure, Rent and Related	$ 3,600
Guarantee Obligations Recourse	$ 2,300

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ACTIVITY EXIT COSTS (Tables)

6 Months Ended

Aug. 04, 2013

Warnaco Acquisition and Integration Costs [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]

In connection with the Company’s acquisition of Warnaco during the first quarter of 2013 and the related integration, the Company incurred certain costs related to severance and termination benefits, inventory liquidations and lease/contract terminations. Such costs were as follows:

	Total Expected to be Incurred		Incurred During the Thirteen Weeks Ended 8/4/13		Incurred During the Twenty-Six Weeks Ended 8/4/13		Liability at 8/4/13
Severance, termination benefits and other costs	$	175,000	$	40,839	$	97,952	$	44,130
Inventory liquidation costs	30,000		—		30,000		5,035
Lease/contract termination and related costs	50,000		3,289		3,880		1,373
Total	$	255,000	$	44,128	$	131,832	$	50,538

Tommy Hilfiger Integration and Exit Costs [Member]

Restructuring Cost and Reserve [Line Items]

Schedule Of Restructuring Accrued Liabilities Costs Incurred And Paid [Table Text Block]

Liabilities for severance and termination benefits and lease/contract termination costs recorded in connection with the acquisition and integration of Tommy Hilfiger and the related restructuring were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:

	Liability at 2/3/13		Costs Incurred During the Twenty-Six Weeks Ended 8/4/13		Costs Paid During the Twenty-Six Weeks Ended 8/4/13		Liability at 8/4/13
Severance, termination benefits and other costs	$	763	$	—	$	422	$	341
Lease/contract termination and related costs	2,013		—		847		1,166
Total	$	2,776	$	—	$	1,269	$	1,507

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SEGMENT DATA (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended						6 Months Ended				12 Months Ended
	Aug. 04, 2013		Feb. 03, 2013		Jul. 29, 2012		Aug. 04, 2013 segment		Jul. 29, 2012		Feb. 03, 2013
Segment Reporting Information [Line Items]
Segment Reporting, Number of Reportable Segments							6
Net sales	$ 1,884,439				$ 1,219,620		$ 3,707,484		$ 2,532,469
Royalty revenue	62,561				82,513		129,628		167,973
Advertising and other revenue	17,847				34,490		37,895		63,587
Total revenue	1,964,847				1,336,623		3,875,007		2,764,029
Income (loss) before interest and taxes	73,433				153,254		80,218		309,336
Business Combination, Integration Related Costs	139,886				4,541		333,993		7,857
Debt modification and extinguishment costs	0				0		40,395		0
Assets	11,514,746		7,781,549		6,731,488		11,514,746		6,731,488		7,781,549
Proceeds from issuance of long-term debt			700,000								700,000
Calvin Klein North America [Member]
Segment Reporting Information [Line Items]
Net sales	332,119				150,546		625,459		312,520
Royalty revenue	22,610				28,891		48,026		60,199
Advertising and other revenue	8,024				14,201		16,719		26,075
Total revenue	362,753				193,638		690,204		398,794
Income (loss) before interest and taxes	39,496	[1]			36,412		51,934	[2]	72,490
Business Combination, Integration Related Costs	27,632						68,734
Assets	1,907,589		752,029		719,391		1,907,589		719,391		752,029
Calvin Klein International [Member]
Segment Reporting Information [Line Items]
Sales returns							30,000
Net sales	286,152				12,124		541,340	[3]	21,869
Royalty revenue	15,796				30,355		34,149		64,520
Advertising and other revenue	5,884				15,114		12,750		28,167
Total revenue	307,832				57,593		588,239		114,556
Income (loss) before interest and taxes	(56,878)	[1]			23,777		(105,032)	[2]	46,003
Business Combination, Integration Related Costs	85,008						185,468
Assets	3,182,654		584,860		578,037		3,182,654		578,037		584,860
Tommy Hilfiger North America [Member]
Segment Reporting Information [Line Items]
Net sales	357,081				324,482		694,757		623,462
Royalty revenue	6,034				5,101		12,524		9,625
Advertising and other revenue	1,748				2,285		4,206		3,972
Total revenue	364,863				331,868		711,487		637,059
Income (loss) before interest and taxes	61,960				52,636		107,970		81,513	[4]
Business Combination, Integration Related Costs									379
Assets	1,220,896		1,137,404		1,139,287		1,220,896		1,139,287		1,137,404
Tommy Hilfiger International [Member]
Segment Reporting Information [Line Items]
Net sales	420,485				375,495		872,271		829,345
Royalty revenue	12,810				13,078		24,563		23,358
Advertising and other revenue	1,138				1,465		2,352		2,509
Total revenue	434,433				390,038		899,186		855,212
Income (loss) before interest and taxes	37,859				41,113	[5]	110,001		114,593	[4]
Business Combination, Integration Related Costs					3,497				3,497
Assets	3,209,996		3,278,813		2,981,087		3,209,996		2,981,087		3,278,813
Heritage Brands Wholesale [Member]
Segment Reporting Information [Line Items]
Net sales	328,540				183,500		683,109		437,618
Royalty revenue	4,158				3,859		8,150		7,839
Advertising and other revenue	762				1,189		1,366		2,357
Total revenue	333,460				188,548		692,625		447,814
Income (loss) before interest and taxes	29,149	[1]			13,797		57,504	[2]	34,037
Business Combination, Integration Related Costs	11,247						28,770
Assets	1,370,895		555,544		568,847		1,370,895		568,847		555,544
Heritage Brand Retail [Member]
Segment Reporting Information [Line Items]
Net sales	160,062				173,473		290,548		307,655
Royalty revenue	1,153				1,229		2,216		2,432
Advertising and other revenue	291				236		502		507
Total revenue	161,506				174,938		293,266		310,594
Income (loss) before interest and taxes	4,013				9,306		(2,790)		6,710
Assets	206,313		175,717		185,756		206,313		185,756		175,717
Unallocated amount to segment [Member]
Segment Reporting Information [Line Items]
Income (loss) before interest and taxes	(42,166)	[1],[6]			(23,787)	[5],[6]	(139,369)	[2],[6],[7]	(46,010)	[4],[6]
Business Combination, Integration Related Costs	15,999				1,044		51,021		3,981
Debt modification and extinguishment costs							40,395
Assets	$ 416,403		$ 1,297,182	[8]	$ 559,083		$ 416,403		$ 559,083		$ 1,297,182	[8]

[1] Income (loss) before interest and taxes for the thirteen weeks ended August 4, 2013 includes costs of $139,886 associated with the Company’s acquisition and integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $27,632 in Calvin Klein North America; $85,008 in Calvin Klein International; $11,247 in Heritage Brands Wholesale and $15,999 in corporate expenses not allocated to any reportable segments.

[2] Income (loss) before interest and taxes for the twenty-six weeks ended August 4, 2013 includes costs of $333,993 associated with the Company’s acquisition and integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $68,734 in Calvin Klein North America; $185,468 in Calvin Klein International; $28,770 in Heritage Brands Wholesale and $51,021 in corporate expenses not allocated to any reportable segments.

[3] Includes $30,000 of sales returns for certain Warnaco wholesale customers in Asia in connection with the Company’s initiative to reduce excess inventory levels.

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

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

[6] Includes corporate expenses not allocated to any reportable segments. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure and actuarial gains and losses from the Company’s pension and other postretirement plans.

[7] Loss before interest and taxes for the twenty-six weeks ended August 4, 2013 includes costs of $40,395 associated with the Company’s debt modification and extinguishment. Please refer to Note 8, “Debt,” for a further discussion.

[8] Corporate at February 3, 2013 included $700,000 of cash that arose from senior notes that were issued to fund a portion of the consideration for the Warnaco acquisition.

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DEBT DEBT Brazil Revolving Credit Facility (Details) (Line of credit, Brazil facility [Member]) In Thousands, unless otherwise specified	Aug. 04, 2013 USD ($)	Aug. 04, 2013 BRL
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 19,000	44,000

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DEBT DEBT Yen-Denominated Overdraft Facility (Details) (Line of credit, Yen-denominated facility [Member]) In Thousands, unless otherwise specified	6 Months Ended
	Aug. 04, 2013 USD ($)	Aug. 04, 2013 JPY (¥)
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10,000	¥ 1,000,000
Debt instrument, basis spread on variable rate	0.15%
Maximum amount of borrowings outstanding during the period	$ 10,000

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INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details) (USD $) In Thousands, unless otherwise specified	Aug. 04, 2013	Feb. 03, 2013	Jul. 29, 2012
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 62,822	$ 62,021	$ 46,880
Tommy Hilfiger Brazil Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	40.00%
Tommy Hilfiger China Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	45.00%
Tommy Hilfiger India Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012
Net (loss) income	$ (15,909)	$ 89,918	$ (35,922)	$ 185,394
Foreign currency translation adjustments, net of tax	(45,713)	(150,188)	(150,770)	(133,187)
Amortization of prior service credit related to pension and postretirement plans, net of tax	(135)	(135)	(271)	(271)
Net unrealized and realized gain on effective hedges, net of tax	1,656	6,346	9,514	2,099
Comprehensive (loss) income	(60,101)	(54,059)	(177,449)	54,035
Less: Comprehensive loss attributable to redeemable non-controlling interest	(1,771)	0	(1,625)	0
Total comprehensive (loss) income attributable to PVH Corp.	$ (58,330)	$ (54,059)	$ (175,824)	$ 54,035

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RETIREMENT AND BENEFIT PLANS

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

RETIREMENT AND BENEFIT PLANS

RETIREMENT AND BENEFIT PLANS

The Company has six noncontributory defined benefit pension plans (including a plan acquired as part of the Warnaco acquisition, which is frozen) covering substantially all employees resident in the United States who meet certain age and service requirements. For those vested (after five years of service), the plans provide monthly benefits upon retirement based on career compensation and years of credited service. The Company refers to these six plans as its “Pension Plans.”

The Company also has for certain members of Tommy Hilfiger’s domestic senior management a supplemental executive retirement plan, which is an unfunded non-qualified supplemental defined benefit pension plan. Such plan is frozen and, as a result, participants do not accrue additional benefits. In addition, the Company has a capital accumulation program, which is an unfunded non-qualified supplemental defined benefit plan, covering two current and 15 retired executives as of August 4, 2013. Under the individual participants’ agreements, the participants in this plan will receive a predetermined amount during the 10 years following the attainment of age 65, provided that prior to the termination of employment with the Company, the participant has been in the plan for at least 10 years and has attained age 55. The Company also has for certain employees resident in the United States who meet certain age and service requirements an unfunded non-qualified supplemental defined benefit pension plan, which provides benefits for compensation in excess of Internal Revenue Service earnings limits and requires payments to vested employees upon, or shortly after, employment termination or retirement. The Company refers to these three plans as its “SERP Plans.”

The Company also provides certain postretirement health care and life insurance benefits to certain retirees resident in the United States. Retirees contribute to the cost of this plan, which is unfunded. During 2002, the postretirement plan was amended to eliminate the Company contribution, which partially subsidized benefits, for active participants who, as of January 1, 2003, had not attained age 55 and 10 years of service. As a result of the Company’s acquisition of Warnaco, the Company also provides certain postretirement health care and life insurance benefits to certain Warnaco retirees resident in the United States. Retirees contribute to the cost of this plan, which is unfunded. The Company refers to these two plans as its “Postretirement Plans.”

During the fourth quarter of 2012, the Company changed its method of accounting for actuarial gains and losses for its pension and other postretirement plans. Historically, the Company recognized actuarial gains and losses for its pension and other postretirement obligations and pension plan assets as a component of other comprehensive income in the periods in which they arose. As set forth in the Financial Accounting Standards Board (“FASB”) guidance for pension and other postretirement plans, the Company amortized actuarial gains and losses (to the extent they exceeded a 10% corridor) in future periods over the average remaining service period of active employees or, if substantially all plan participants were inactive, over the average remaining life expectancy of inactive participants, as a component of its net periodic benefit cost. The Company elected in the fourth quarter of 2012 to begin to immediately recognize actuarial gains and losses in its operating results in the year in which they occur. These gains and losses are measured at least annually as of the end of the Company’s fiscal year and, as such, will generally be recognized during the fourth quarter of each year. Additionally, beginning in the fourth quarter of 2012, the Company no longer calculates expected return on plan assets using a permitted averaging technique for market-related value of plan assets but instead uses the fair value of plan assets. The financial data for all prior periods presented has been retrospectively adjusted to reflect the effect of these accounting changes.

Net benefit cost related to the Company’s Pension Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	4,823		$	4,011		$	9,420		$	7,865
Interest cost	6,528			4,530			13,067			8,986
Expected return on plan assets	(9,658		)	(5,254		)	(19,528		)	(10,476		)
Amortization of prior service cost	2			1			3			2
Total	$	1,695		$	3,288		$	2,962		$	6,377

Net benefit cost related to the Company’s SERP Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	1,119		$	814		$	2,169		$	1,787
Interest cost	953			827			1,810			1,673
Amortization of prior service credit	(17		)	(16		)	(34		)	(33		)
Total	$	2,055		$	1,625		$	3,945		$	3,427

Net benefit cost related to the Company’s Postretirement Plans was recognized in selling, general and administrative expenses as follows:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Service cost, including plan expenses	$	14		$	—		$	40		$	—
Interest cost	207			181			429			399
Amortization of prior service credit	(204		)	(204		)	(408		)	(408		)
Total	$	17		$	(23	)	$	61		$	(9	)

Currently, the Company expects to make contributions of approximately $60,000 to its pension plans in 2013, which includes a $30,000 contribution made during the first quarter of 2013 to fund the pension plan that the Company acquired with the Warnaco acquisition. The Company’s actual contributions may differ from planned contributions due to many factors, including changes in tax and other benefit laws, or significant differences between expected and actual pension asset performance or interest rates.

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Aug. 04, 2013	Feb. 03, 2013	Jul. 29, 2012
Current Assets:
Cash and cash equivalents	$ 628,920	$ 892,209	$ 261,986
Trade receivables, net of allowances for doubtful accounts of $22,121, $16,114 and $13,955	712,057	418,251	411,381
Other receivables	44,212	23,073	14,284
Inventories, net	1,348,598	878,415	909,447
Prepaid expenses	233,659	157,802	117,826
Other, including deferred taxes of $88,189, $38,310 and $53,150	113,199	67,256	105,014
Total Current Assets	3,080,645	2,437,006	1,819,938
Property, Plant and Equipment, net	693,857	561,335	484,443
Goodwill	3,368,002	1,958,887	1,777,724
Tradenames	2,975,764	2,413,809	2,332,811
Perpetual License Rights	206,336	0	0
Other Intangibles, net	850,218	167,196	150,932
Other Assets, including deferred taxes of $114,320, $61,465 and $5,315	339,924	243,316	165,640
Total Assets	11,514,746	7,781,549	6,731,488
Current Liabilities:
Accounts payable	552,221	377,231	372,531
Accrued expenses, including deferred taxes of $3,329, $0 and $0	755,326	646,130	554,078
Deferred revenue	29,208	40,239	41,972
Short-term borrowings	3,447	10,847	52,791
Current portion of long-term debt	85,000	88,000	88,021
Total Current Liabilities	1,425,202	1,162,447	1,109,393
Long-Term Debt	4,195,151	2,211,642	1,715,464
Other Liabilities, including deferred taxes of $1,126,386, $589,796 and $501,858	1,841,033	1,154,891	1,125,803
Redeemable Non-Controlling Interest	5,600	0	0
Stockholders' Equity:
Preferred stock, par value $100 per share; 150,000 total shares authorized	0	0	0
Series A convertible preferred stock, par value $100 per share; 0, 8,000 and 8,000 total shares authorized; 0, 0 and 4,000 shares issued and outstanding (with total liquidation preference of $0, $0 and $100,000)	0	0	94,298
Common stock, par value $1 per share; 240,000,000 shares authorized; 82,052,537; 73,324,491 and 70,951,932 shares issued	82,053	73,324	70,952
Additional paid in capital - common stock	2,623,659	1,623,693	1,500,032
Retained earnings	1,398,797	1,445,673	1,202,722
Accumulated other comprehensive income (loss)	106	139,882	(57,524)
Less: 478,934; 413,596 and 409,440 shares of common stock held in treasury, at cost	(56,855)	(30,003)	(29,652)
Total Stockholders' Equity	4,047,760	3,252,569	2,780,828
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity	$ 11,514,746	$ 7,781,549	$ 6,731,488

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INCOME TAXES (Details)	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012
Income Taxes [Abstract]
Income Tax Rate	161.10%	28.00%	(174.00%)	26.40%

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Consolidated Income Statements (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012
Net sales	$ 1,884,439	$ 1,219,620	$ 3,707,484	$ 2,532,469
Royalty revenue	62,561	82,513	129,628	167,973
Advertising and other revenue	17,847	34,490	37,895	63,587
Total revenue	1,964,847	1,336,623	3,875,007	2,764,029
Cost of goods sold	938,759	593,962	1,897,058	1,264,539
Gross profit	1,026,088	742,661	1,977,949	1,499,490
Selling, general and administrative expenses	953,468	589,333	1,860,476	1,192,004
Debt modification and extinguishment costs	0	0	40,395	0
Equity in income (loss) of unconsolidated affiliates, net	813	(74)	3,140	1,850
Income before interest and taxes	73,433	153,254	80,218	309,336
Interest expense	49,495	28,552	97,439	58,069
Interest income	2,116	197	4,111	470
Income (loss) before taxes	26,054	124,899	(13,110)	251,737
Income tax expense	41,963	34,981	22,812	66,343
Net (loss) income	(15,909)	89,918	(35,922)	185,394
Less: Net income attributable to redeemable non-controlling interest	87	0	126	0
Net (loss) income attributable to PVH Corp.	$ (15,996)	$ 89,918	$ (36,048)	$ 185,394
Basic net (loss) income per common share attributable to PVH Corp.	$ (0.20)	$ 1.24	$ (0.45)	$ 2.57
Diluted net (loss) income per common share attributable to PVH Corp.	$ (0.20)	$ 1.22	$ (0.45)	$ 2.52
Dividends declared per common share	$ 0.0375	$ 0.0000	$ 0.1125	$ 0.0750

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DEBT DEBT Warnaco Notes Payable (Details) (European short-term revolving notes [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended
	Aug. 04, 2013
European short-term revolving notes [Member]
Short-term Debt [Line Items]
Notes payable, current	$ 2,147
Short-term debt, weighted average interest rate	2.94%
Maximum amount of borrowings outstanding during the period	$ 25,300

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ACQUISITIONS (Tables)

6 Months Ended

Aug. 04, 2013

Business Combinations [Abstract]

Acquisition consideration [Table Text Block]

The acquisition date fair value of the acquisition consideration paid at closing totaled $3,137,056, which consisted of the following:

Cash	$	2,179,980
Common stock (7,674 shares, par value $1.00 per share)	926,452
Warnaco employee replacement stock awards	39,752
Elimination of pre-acquisition liability to Warnaco	(9,128		)
Total fair value of the acquisition consideration	$	3,137,056

The fair value of the 7,674 common shares issued was equal to the aggregate value of the shares at the closing market price of the Company’s common stock on February 12, 2013, the day prior to the closing. The value of the replacement stock awards was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the time of the acquisition, reduced by an estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. Also included in the acquisition consideration was the elimination of a $9,128 pre-acquisition liability to Warnaco.

Business acquisition, pro forma information [Table Text Block]

The following table presents the Company’s pro forma consolidated results of operations for the thirteen and twenty-six weeks ended August 4, 2013 and July 29, 2012, as if the acquisition and the related financing transactions had occurred on January 30, 2012 (the first day of its fiscal year ended February 3, 2013) instead of on February 13, 2013. The pro forma results were calculated applying the Company’s accounting policies and reflect (i) the impact on revenue, cost of goods sold and selling, general and administrative expenses resulting from the elimination of intercompany transactions; (ii) the impact on depreciation and amortization expense based on fair value adjustments to Warnaco’s property, plant and equipment and intangible assets recorded in connection with the acquisition; (iii) the impact on interest expense resulting from changes to the Company’s capital structure in connection with the acquisition; (iv) the impact on cost of goods sold resulting from acquisition date adjustments to the fair value of inventory; (v) the elimination of transaction costs related to the acquisition that were included in the Company’s results of operations for the thirteen and twenty-six weeks ended August 4, 2013; and (vi) the tax effects of the above adjustments. The pro forma results do not include any anticipated cost synergies or other effects of the planned integration of Warnaco. Accordingly, such pro forma amounts are not indicative of the results that actually would have occurred had the acquisition been completed on January 30, 2012, nor are they indicative of the future operating results of the combined company.

	Pro Forma				Pro Forma
	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	8/4/13		7/29/12		8/4/13		7/29/12
Total revenue	$	1,964,847	$	1,803,015	$	3,938,037	$	3,743,839
Net income attributable to PVH Corp.	74,545		39,616		149,948		80,417

Business combination, allocation of the acquisition consideration [Table Text Block]

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

Cash and cash equivalents	$	364,651
Trade receivables	290,964
Other receivables	47,011
Inventories	452,841
Prepaid expenses	39,979
Other current assets	60,626
Property, plant and equipment	131,357
Goodwill	1,451,479
Tradenames	604,600
Perpetual license rights	206,900
Other intangibles	824,800
Other assets	144,058
Total assets acquired	4,619,266
Accounts payable	179,931
Accrued expenses	262,432
Short-term borrowings	26,927
Current portion of long-term debt	2,000
Long-term debt	195,000
Other liabilities	810,320
Total liabilities assumed	1,476,610
Redeemable non-controlling interest	5,600
Total fair value of acquisition consideration	$	3,137,056

The Company is still in the process of valuing the assets acquired and liabilities assumed; thus, the allocation of the acquisition consideration is subject to change.

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NET (LOSS) INCOME PER COMMON SHARE

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

NET (LOSS) INCOME PER COMMON SHARE

NET (LOSS) INCOME PER COMMON SHARE

In 2012, the Company utilized the two-class method of calculating basic net (loss) income per common share, as holders of the Company’s Series A convertible preferred stock participated in dividends with holders of the Company’s common stock prior to the conversion in 2012 of such convertible preferred stock into common stock. Net losses were not allocated to holders of the Series A convertible preferred stock.

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

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	8/4/13			7/29/12			8/4/13			7/29/12
Net (loss) income attributable to PVH Corp.	$	(15,996	)	$	89,918		$	(36,048	)	$	185,394
Less:
Common stock dividends paid to holders of Series A convertible preferred stock	—			—			—			(209		)
Allocation of income to Series A convertible preferred stock	—			(2,591		)	—			(6,936		)
Net (loss) income available to common stockholders for basic net (loss) income per common share	(15,996		)	87,327			(36,048		)	178,249
Add back:
Common stock dividends paid to holders of Series A convertible preferred stock	—			—			—			209
Allocation of income to Series A convertible preferred stock	—			2,591			—			6,936
Net (loss) income available to common stockholders for diluted net (loss) income per common share	$	(15,996	)	$	89,918		$	(36,048	)	$	185,394
Weighted average common shares outstanding for basic net (loss) income per common share	81,337			70,403			80,653			69,471
Weighted average impact of dilutive securities	—			1,105			—			1,346
Weighted average impact of assumed convertible preferred stock conversion	—			2,095			—			2,785
Total shares for diluted net (loss) income per common share	81,337			73,603			80,653			73,602
Basic net (loss) income per common share attributable to PVH Corp.	$	(0.20	)	$	1.24		$	(0.45	)	$	2.57
Diluted net (loss) income per common share attributable to PVH Corp.	$	(0.20	)	$	1.22		$	(0.45	)	$	2.52

Potentially dilutive securities excluded from the calculation of diluted net (loss) income per common share were as follows:

	Thirteen Weeks Ended		Twenty-Six Weeks Ended
	8/4/13	7/29/12	8/4/13	7/29/12
Weighted average potentially dilutive securities	3,913	466	3,799	360

Contingently issuable shares that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net (loss) income per common share for that period. The Company had contingently issuable awards outstanding that did not meet the performance conditions as of August 4, 2013 and July 29, 2012 and, therefore, were excluded from the calculation of diluted net (loss) income per common share for the thirteen and twenty-six weeks endedAugust 4, 2013 and July 29, 2012. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 189 and 678 as of August 4, 2013 and July 29, 2012, respectively. These amounts were also excluded from the computation of weighted average antidilutive securities.

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ACQUISITIONS Allocation of Acquisition Consideration (Details) (Warnaco acquisition [Member], USD $) In Thousands, unless otherwise specified	Feb. 13, 2013
Business Acquisition [Line Items]
Cash and cash equivalents	$ 364,651
Trade receivables	290,964
Other receivables	47,011
Inventories	452,841
Prepaid expenses	39,979
Other current assets	60,626
Property, plant and equipment	131,357
Goodwill	1,451,479
Other intangibles	824,800
Other assets	144,058
Total assets acquired	4,619,266
Accounts payable	179,931
Accrued expenses	262,432
Short-term borrowings	26,927
Current portion of long-term debt	2,000
Long-term debt	195,000
Other liabilities	810,320
Total liabilities assumed	1,476,610
Redeemable non-controlling interest	5,600
Total fair value of the acquisition consideration	3,137,056
Tradenames [Member]
Business Acquisition [Line Items]
Intangible assets not amortizable	604,600
Perpetual License Rights [Member]
Business Acquisition [Line Items]
Intangible assets not amortizable	$ 206,900

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DEBT DEBT Korea Revolving Credit Facility (Details) (Line of credit, Korea facility [Member]) In Thousands, unless otherwise specified	Aug. 04, 2013 USD ($)	Aug. 04, 2013 KRW
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 2,700	3,000,000

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STOCKHOLDERS' EQUITY (Details) (USD $) In Thousands, except Share data, unless otherwise specified				0 Months Ended	3 Months Ended
	Aug. 04, 2013	Feb. 03, 2013	Jul. 29, 2012	Feb. 13, 2013 Warnaco acquisition [Member]	May 05, 2013 Warnaco acquisition [Member]	Jul. 29, 2012 Series A Preferred Stock Issuance And Conversion [Member]	Apr. 29, 2012 Series A Preferred Stock Issuance And Conversion [Member]	Aug. 01, 2010 Series A Preferred Stock Issuance And Conversion [Member]
Business Acquisition [Line Items]
Business acquisition, equity interest issued or issuable, number of shares				7,674,000	7,674,000
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1		$ 1.00
Preferred stock, shares issued (in shares)								8,000
Net proceeds from preferred stock issuance								$ 188,595
Conversion of preferred stock, amount converted							$ 94,297
Conversion of preferred stock, shares converted							4,000
Holders of Series A convertible preferred stock						1	1
Total shares of common stock convertible preferred stock was converted into						2,095,000	2,095,000

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SEGMENT DATA (Tables)

6 Months Ended

Aug. 04, 2013

Segment Data [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables present summarized information by segment:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	8/4/13		7/29/12		8/4/13				7/29/12
Revenue – Calvin Klein North America
Net sales	$	332,119	$	150,546	$	625,459			$	312,520
Royalty revenue	22,610		28,891		48,026				60,199
Advertising and other revenue	8,024		14,201		16,719				26,075
Total	362,753		193,638		690,204				398,794
Revenue – Calvin Klein International
Net sales	286,152		12,124		541,340		(1	)	21,869
Royalty revenue	15,796		30,355		34,149				64,520
Advertising and other revenue	5,884		15,114		12,750				28,167
Total	307,832		57,593		588,239				114,556
Revenue – Tommy Hilfiger North America
Net sales	357,081		324,482		694,757				623,462
Royalty revenue	6,034		5,101		12,524				9,625
Advertising and other revenue	1,748		2,285		4,206				3,972
Total	364,863		331,868		711,487				637,059
Revenue – Tommy Hilfiger International
Net sales	420,485		375,495		872,271				829,345
Royalty revenue	12,810		13,078		24,563				23,358
Advertising and other revenue	1,138		1,465		2,352				2,509
Total	434,433		390,038		899,186				855,212
Revenue – Heritage Brands Wholesale
Net sales	328,540		183,500		683,109				437,618
Royalty revenue	4,158		3,859		8,150				7,839
Advertising and other revenue	762		1,189		1,366				2,357
Total	333,460		188,548		692,625				447,814
Revenue – Heritage Brands Retail
Net sales	160,062		173,473		290,548				307,655
Royalty revenue	1,153		1,229		2,216				2,432
Advertising and other revenue	291		236		502				507
Total	161,506		174,938		293,266				310,594
Total Revenue
Net sales	1,884,439		1,219,620		3,707,484				2,532,469
Royalty revenue	62,561		82,513		129,628				167,973
Advertising and other revenue	17,847		34,490		37,895				63,587
Total	$	1,964,847	$	1,336,623	$	3,875,007			$	2,764,029

⁽¹⁾  Includes $30,000 of sales returns for certain Warnaco wholesale customers in Asia in connection with the Company’s initiative to reduce excess inventory levels.

	Thirteen Weeks Ended								Twenty-Six Weeks Ended
	8/4/13				7/29/12				8/4/13				7/29/12
Income before interest and taxes – Calvin Klein North America	$	39,496		(2)	$	36,412			$	51,934		(3)	$	72,490
(Loss) income before interest and taxes – Calvin Klein International	(56,878		)	(2)	23,777				(105,032		)	(3)	46,003
Income before interest and taxes – Tommy Hilfiger North America	61,960				52,636				107,970				81,513			(6)
Income before interest and taxes – Tommy Hilfiger International	37,859				41,113			(5)	110,001				114,593			(6)
Income before interest and taxes – Heritage Brands Wholesale	29,149			(2)	13,797				57,504			(3)	34,037
Income (loss) before interest and taxes – Heritage Brands Retail	4,013				9,306				(2,790		)		6,710
Loss before interest and taxes – Corporate(1)	(42,166		)	(2)	(23,787		)	(5)	(139,369		)	(3)(4)	(46,010		)	(6)
Income before interest and taxes	$	73,433			$	153,254			$	80,218			$	309,336

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

⁽²⁾  Income (loss) before interest and taxes for the thirteen weeks endedAugust 4, 2013 includes costs of $139,886 associated with the Company’s acquisition and integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $27,632 in Calvin Klein North America; $85,008 in Calvin Klein International; $11,247 in Heritage Brands Wholesale and $15,999 in corporate expenses not allocated to any reportable segments.

⁽³⁾  Income (loss) before interest and taxes for the twenty-six weeks endedAugust 4, 2013 includes costs of $333,993 associated with the Company’s acquisition and integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $68,734 in Calvin Klein North America; $185,468 in Calvin Klein International; $28,770 in Heritage Brands Wholesale and $51,021 in corporate expenses not allocated to any reportable segments.

⁽⁴⁾  Loss before interest and taxes for the twenty-six weeks endedAugust 4, 2013 includes costs of $40,395 associated with the Company’s debt modification and extinguishment. Please refer to Note 8, “Debt,” for a further discussion.

⁽⁵⁾  Income (loss) before interest and taxes for the thirteen weeks ended July 29, 2012 includes costs of $4,541 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows: $3,497 in Tommy Hilfiger International and $1,044 in corporate expenses not allocated to any reportable segments.

⁽⁶⁾  Income (loss) before interest and taxes for the twenty-six weeks ended July 29, 2012 includes costs of $7,857 associated with the Company’s integration of Tommy Hilfiger and the related restructuring. Such costs were included in the Company’s segments as follows: $379 in Tommy Hilfiger North America; $3,497 in Tommy Hilfiger International and $3,981 in corporate expenses not allocated to any reportable segments.

Intersegment transactions consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment and the Calvin Klein North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage is eliminated principally in the Heritage Brands Retail segment and the Calvin Klein North America segment.

The following table presents the Company’s total assets by segment:

Identifiable Assets	8/4/13		2/3/13		7/29/12
Calvin Klein North America	$	1,907,589	$	752,029	$	719,391
Calvin Klein International	3,182,654		584,860		578,037
Tommy Hilfiger North America	1,220,896		1,137,404		1,139,287
Tommy Hilfiger International	3,209,996		3,278,813		2,981,087
Heritage Brands Wholesale	1,370,895		555,544		568,847
Heritage Brands Retail	206,313		175,717		185,756
Corporate(1)	416,403		1,297,182		559,083
Total	$	11,514,746	$	7,781,549	$	6,731,488

⁽¹⁾ Corporate at February 3, 2013 included $700,000 of cash that arose from senior notes that were issued to fund a portion of the consideration for the Warnaco acquisition.

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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Aug. 04, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Table Of Weighted Average Black Scholes Fair Value Assumptions [Table Text Block]

The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the twenty-six weeks endedAugust 4, 2013 (with the exception of the Warnaco employee replacement stock options) and July 29, 2012:

	Twenty-Six Weeks Ended
	8/4/13			7/29/12
Weighted average risk-free interest rate	1.05		%	1.20		%
Weighted average expected option term (in years)	6.22			6.25
Weighted average Company volatility	45.20		%	45.16		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per option	$	51.51		$	40.59

The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants. The Company will continue to evaluate the appropriateness of utilizing such method.

Table Of Weighted Average Black Scholes Fair Value Assumptions Warnaco Replacement [Table Text Block]

The following summarizes the assumptions used to estimate the fair value of the Warnaco employee stock options that were replaced at the effective time of the acquisition:

	Twenty-Six Weeks Ended
	8/4/13
Weighted average risk-free interest rate	0.24		%
Weighted average expected option term (in years)	1.70
Weighted average Company volatility	29.40		%
Expected annual dividends per share	$	0.15
Weighted average grant date fair value per option	$	40.60

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Service-based stock option activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Options	Weighted Average Price Per Option
Outstanding at February 3, 2013	1,958	$	44.17
Replacement of Warnaco awards	443	86.26
Granted	182	117.03
Exercised	381	64.43
Cancelled	12	93.60
Outstanding at August 4, 2013	2,190	$	54.95
Exercisable at August 4, 2013	1,511	$	42.83

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

RSU activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	RSUs	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	660	$	62.24
Replacement of Warnaco awards	120	120.72
Granted	234	119.06
Vested	244	61.24
Cancelled	24	79.78
Non-vested at August 4, 2013	746	$	89.25

Schedule of Restricted Stock Activity [Table Text Block]

Restricted stock activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Restricted Stock	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	—	$	—
Replacement of Warnaco awards	271	120.72
Granted	—	—
Vested	174	120.72
Cancelled	8	120.72
Non-vested at August 4, 2013	89	$	120.72

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

Performance share unit activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Performance Shares	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	594	$	57.08
Granted	920	122.57
Vested	498	51.07
Cancelled	36	122.45
Non-vested at August 4, 2013	980	$	119.26

Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block]

The fair value of such awards was established on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:

	Twenty-Six Weeks Ended
	8/4/13
Risk-free interest rate	0.34		%
Expected Company volatility	38.67		%
Expected annual dividends per share	$	0.15
Grant date fair value per performance share unit	$	123.27

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ACCUMULATED OTHER COMPREHENSIVE INCOME ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Aug. 04, 2013

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents the changes in AOCI (net of tax) by component for the twenty-six weeks endedAugust 4, 2013:

	Foreign currency translation adjustments			Retirement liability adjustment			Net unrealized and realized (loss) gain on effective hedges			Total
Balance at February 3, 2013	$	153,648		$	1,552		$	(15,318	)	$	139,882
Other comprehensive (loss) income before reclassifications	(149,019		)	—			9,503			(139,516		)
Less: Amounts reclassified from AOCI	—			271			(11		)	260
Other comprehensive (loss) income	(149,019		)	(271		)	9,514			(139,776		)
Balance at August 4, 2013	$	4,629		$	1,281		$	(5,804	)	$	106

Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents reclassifications out of AOCI to earnings:

	Amount Reclassified from AOCI						Affected Line Item in the Consolidated Income Statements
	Thirteen Weeks Ended 8/4/13			Twenty-Six Weeks Ended 8/4/13
Realized (loss) gain on effective hedges
Foreign currency forward exchange contracts	$	(280	)	$	2,901		Cost of goods sold
Interest rate contracts	(1,023		)	(2,177		)	Interest expense
Less: Tax effect	(391		)	735			Income tax expense
Total, net of tax	$	(912	)	$	(11	)
Amortization of retirement liability items
Prior service credit	$	219		$	439		Selling, general and administrative expenses
Less: Tax effect	84			168			Income tax expense
Total, net of tax	$	135		$	271

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GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

The acquisition of Warnaco has significantly impacted the way the Company and its chief operating decision maker manage and analyze the Company’s operating results. As such, the Company has changed its reportable segments. Please see Note 18, “Segment Data,” for a further discussion. This change in segments resulted in a reallocation of goodwill amongst some of the Company’s reportable segments. Prior period data has been retrospectively adjusted to reflect this reallocation.

The changes in the carrying amount of goodwill for the twenty-six weeks endedAugust 4, 2013, by segment, were as follows:

	Calvin Klein North America			Calvin Klein International			Tommy Hilfiger North America		Tommy Hilfiger International			Heritage Brands Wholesale			Total
Balance as of February 3, 2013
Goodwill, gross	$	207,083		$	201,542		$	198,501	$	1,196,619		$	155,142		$	1,958,887
Accumulated impairment losses	—			—			—		—			—			—
Goodwill, net	207,083			201,542			198,501		1,196,619			155,142			1,958,887
Contingent purchase price payments to Mr. Calvin Klein	13,406			9,316			—		—			—			22,722
Goodwill from acquisition of Warnaco	443,419			878,786			—		—			129,274			1,451,479
Currency translation	(1,930		)	(23,954		)	—		(38,715		)	(487		)	(65,086		)
Balance as of August 4, 2013
Goodwill, gross	661,978			1,065,690			198,501		1,157,904			283,929			3,368,002
Accumulated impairment losses	—			—			—		—			—			—
Goodwill, net	$	661,978		$	1,065,690		$	198,501	$	1,157,904		$	283,929		$	3,368,002

The Company is required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition in 2003 of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies (collectively, “Calvin Klein”). Such payments are based on 1.15% of total worldwide net sales, as defined in the acquisition agreement (as amended), of products bearing any of the Calvin Klein brands and are required to be made with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein are made are wholesale sales by the Company and its licensees and other partners to retailers.

The Company’s intangible assets consisted of the following:

	8/4/13							2/3/13							7/29/12
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets subject to amortization:
Customer relationships(1)	$	333,064	$	(54,411	)	$	278,653	$	190,383	$	(41,158	)	$	149,225	$	171,583	$	(35,213	)	$	136,370
Covenants not to compete	2,220		(2,220		)	—		2,220		(2,220		)	—		2,220		(2,190		)	30
Order backlog(1)	128,196		(122,504		)	5,692		32,287		(32,287		)	—		32,287		(32,287		)	—
Reacquired license rights(1)	566,160		(12,904		)	553,256		8,565		(3,636		)	4,929		5,921		(3,163		)	2,758
Total intangible assets subject to amortization	1,029,640		(192,039		)	837,601		233,455		(79,301		)	154,154		212,011		(72,853		)	139,158
Intangible assets not subject to amortization:
Tradenames(1)	2,975,764		—			2,975,764		2,413,809		—			2,413,809		2,332,811		—			2,332,811
Perpetual license rights(1)	206,336		—			206,336		—		—			—		—		—			—
Reacquired perpetual license rights	12,617		—			12,617		13,042		—			13,042		11,774		—			11,774
Total intangible assets not subject to amortization	3,194,717		—			3,194,717		2,426,851		—			2,426,851		2,344,585		—			2,344,585
Total intangible assets	$	4,224,357	$	(192,039	)	$	4,032,318	$	2,660,306	$	(79,301	)	$	2,581,005	$	2,556,596	$	(72,853	)	$	2,483,743

⁽¹⁾ Change from February 3, 2013 to August 4, 2013 primarily relates to intangible assets recorded in connection with the acquisition of Warnaco. The acquired customer relationships are amortized principally over 10 years, order backlog is amortized principally over 6 months and reacquired license rights are amortized principally over 33 years from the date of the acquisition. As of August 4, 2013, the weighted average life of the amortizable intangible assets recorded in connection with the acquisition of Warnaco was 27.7 years.

Amortization expense related to the Company’s amortizable intangible assets was $112,738 and $6,454 for the twenty-six weeks ended August 4, 2013 and July 29, 2012, respectively.

Amortization expense, a portion of which is subject to exchange rate fluctuation, for the remainder of 2013 and the next five years thereafter related to the Company’s intangible assets as of August 4, 2013 is expected to be as follows:

Fiscal Year	Amount
Remainder of 2013	$	28,951
2014	44,823
2015	44,482
2016	44,482
2017	44,482
2018	44,482

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STOCK-BASED COMPENSATION - RSU, RESTRICTED STOCK AND PERFORMANCE SHARE ACTIVITY (Details) (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended
	Aug. 04, 2013 Y	Jul. 29, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Payment Award Maximum Term	10
Reduction in Number of Shares to be Granted by Each Stock Award	2
Reduction in number of shares available to be granted, RSU awards made before April 29, 2009	3
Reduction in number of shares available to be granted, RSU awards made on or after April 29, 2009	2
RSU vesting, granted to employees, first annual installment	25.00%
RSU vesting, granted to employees, second annual installment	25.00%
RSU vesting, granted to employees, third annual installment	50.00%
First RSU Vesting Installments, Employees, Number of Years Following Grant Date	2
First RSU Vesting Installments, Nonemployee Directors, Number of Years Following Grant Date, Awards Prior to 2010	1
Receipt of service-based RSU vesting period, non-employee directors, granted during or after 2010	1
Non-vested activity [Roll Forward]
Other than options, granted number	498,000
Tax benefits realized, stock plan awards	$ 45,554	$ 12,606
Excess tax benefits reported, stock plan awards	$ 15,091	$ 7,082
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service Based Award Vesting Installments, Employees	3
Service Based Award Vesting Installments, Non-Employee Directors	4
Non-vested activity [Roll Forward]
Other than options, non-vested number, beginning of period	660,000
Other than options, replacement number	120,000
Other than options, granted number	234,000
Other than options, vested number	244,000
Other than options, cancelled number	24,000
Other than options, non-vested number, end of period	746,000
Other than options, non-vested, weighted average grant date fair value, beginning of period	$ 62.24
Other than options, replacement awards, weighted average grant date fair value	$ 120.72
Other than options, granted, weighted average grant date fair value	$ 119.06
Other than options, vested, weighted average grant date fair value	$ 61.24
Other than options, cancelled, weighted average grant date fair value	$ 79.78
Other than options, non-vested, weighted average grant date fair value, end of period	$ 89.25
Restricted Stock [Member]
Non-vested activity [Roll Forward]
Other than options, non-vested number, beginning of period	0
Other than options, replacement number	271,000
Other than options, granted number	0
Other than options, vested number	174,000
Other than options, cancelled number	8,000
Other than options, non-vested number, end of period	89,000
Other than options, non-vested, weighted average grant date fair value, beginning of period	$ 0.00
Other than options, replacement awards, weighted average grant date fair value	$ 120.72
Other than options, granted, weighted average grant date fair value	$ 0.00
Other than options, vested, weighted average grant date fair value	$ 120.72
Other than options, cancelled, weighted average grant date fair value	$ 120.72
Other than options, non-vested, weighted average grant date fair value, end of period	$ 120.72
Performance Share [Member]
Non-vested activity [Roll Forward]
Other than options, non-vested number, beginning of period	594,000
Other than options, granted number	920,000
Other than options, vested number	498,000
Other than options, cancelled number	36,000
Other than options, non-vested number, end of period	980,000
Other than options, non-vested, weighted average grant date fair value, beginning of period	$ 57.08
Other than options, granted, weighted average grant date fair value	$ 122.57
Other than options, vested, weighted average grant date fair value	$ 51.07
Other than options, cancelled, weighted average grant date fair value	$ 122.45
Other than options, non-vested, weighted average grant date fair value, end of period	$ 119.26
Monte Carlo model [Member]
Assumptions used to estimate fair value of service-based stock options and performance share units [Abstract]
Risk-free interest rate	0.34%
Expected Company volatility	38.67%
Expected annual dividends per share	$ 0.15
Estimated fair value per option	$ 123.27

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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Aug. 04, 2013

Goodwill and Other Intangible Assets [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill for the twenty-six weeks endedAugust 4, 2013, by segment, were as follows:

	Calvin Klein North America			Calvin Klein International			Tommy Hilfiger North America		Tommy Hilfiger International			Heritage Brands Wholesale			Total
Balance as of February 3, 2013
Goodwill, gross	$	207,083		$	201,542		$	198,501	$	1,196,619		$	155,142		$	1,958,887
Accumulated impairment losses	—			—			—		—			—			—
Goodwill, net	207,083			201,542			198,501		1,196,619			155,142			1,958,887
Contingent purchase price payments to Mr. Calvin Klein	13,406			9,316			—		—			—			22,722
Goodwill from acquisition of Warnaco	443,419			878,786			—		—			129,274			1,451,479
Currency translation	(1,930		)	(23,954		)	—		(38,715		)	(487		)	(65,086		)
Balance as of August 4, 2013
Goodwill, gross	661,978			1,065,690			198,501		1,157,904			283,929			3,368,002
Accumulated impairment losses	—			—			—		—			—			—
Goodwill, net	$	661,978		$	1,065,690		$	198,501	$	1,157,904		$	283,929		$	3,368,002

Schedule of Intangible Assets [Table Text Block]

The Company’s intangible assets consisted of the following:

	8/4/13							2/3/13							7/29/12
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets subject to amortization:
Customer relationships(1)	$	333,064	$	(54,411	)	$	278,653	$	190,383	$	(41,158	)	$	149,225	$	171,583	$	(35,213	)	$	136,370
Covenants not to compete	2,220		(2,220		)	—		2,220		(2,220		)	—		2,220		(2,190		)	30
Order backlog(1)	128,196		(122,504		)	5,692		32,287		(32,287		)	—		32,287		(32,287		)	—
Reacquired license rights(1)	566,160		(12,904		)	553,256		8,565		(3,636		)	4,929		5,921		(3,163		)	2,758
Total intangible assets subject to amortization	1,029,640		(192,039		)	837,601		233,455		(79,301		)	154,154		212,011		(72,853		)	139,158
Intangible assets not subject to amortization:
Tradenames(1)	2,975,764		—			2,975,764		2,413,809		—			2,413,809		2,332,811		—			2,332,811
Perpetual license rights(1)	206,336		—			206,336		—		—			—		—		—			—
Reacquired perpetual license rights	12,617		—			12,617		13,042		—			13,042		11,774		—			11,774
Total intangible assets not subject to amortization	3,194,717		—			3,194,717		2,426,851		—			2,426,851		2,344,585		—			2,344,585
Total intangible assets	$	4,224,357	$	(192,039	)	$	4,032,318	$	2,660,306	$	(79,301	)	$	2,581,005	$	2,556,596	$	(72,853	)	$	2,483,743

⁽¹⁾ Change from February 3, 2013 to August 4, 2013 primarily relates to intangible assets recorded in connection with the acquisition of Warnaco. The acquired customer relationships are amortized principally over 10 years, order backlog is amortized principally over 6 months and reacquired license rights are amortized principally over 33 years from the date of the acquisition. As of August 4, 2013, the weighted average life of the amortizable intangible assets recorded in connection with the acquisition of Warnaco was 27.7 years.

Schedule of Expected Amortization Expense [Table Text Block]

Amortization expense, a portion of which is subject to exchange rate fluctuation, for the remainder of 2013 and the next five years thereafter related to the Company’s intangible assets as of August 4, 2013 is expected to be as follows:

Fiscal Year	Amount
Remainder of 2013	$	28,951
2014	44,823
2015	44,482
2016	44,482
2017	44,482
2018	44,482

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ACQUISITIONS Fair Value Of Acquisition Consideration (Details) (USD $) In Thousands, unless otherwise specified	0 Months Ended	3 Months Ended
	Feb. 13, 2013	May 05, 2013
Business Acquisition [Line Items]
Warnaco employee replacement stock awards	$ 39,752
Warnaco acquisition [Member]
Business Acquisition [Line Items]
Cash	2,179,980
Common stock (7,674 shares, par value $1.00 per share)	926,452
Warnaco employee replacement stock awards	39,752	39,752
Elimination of pre-acquisition liability to Warnaco	9,128	9,128
Total fair value of the acquisition consideration	$ 3,137,056

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INCOME TAXES

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

INCOME TAXES

INCOME TAXES

The effective income tax rates for the thirteen weeks endedAugust 4, 2013 and July 29, 2012 were 161.1% and 28.0%, respectively. The effective income tax rates for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012 were (174.0)% and 26.4%, respectively.

The effective income tax rate for the thirteen weeks ended August 4, 2013 was higher than the United States statutory rate due to non-recurring discrete items related to the Warnaco integration and state and local taxes, partially offset by the benefit of the overall lower tax rates in international jurisdictions where the Company files tax returns.

The effective income tax rate for the twenty-six weeks ended August 4, 2013 was lower than the United States statutory rate due to the net impact of non-recurring discrete items related to the Warnaco integration, state and local taxes and the benefit of the overall lower tax rates in international jurisdictions where the Company files tax returns. Since the Company had a pre-tax loss in the twenty-six weeks endedAugust 4, 2013, the discrete tax expense caused the effective income tax rate to be negative.

The effective income tax rates for the thirteen and twenty-six weeks endedJuly 29, 2012 were lower than the United States statutory rate due to the benefit of the overall lower tax rates in international jurisdictions where the Company files tax returns and the continuation of the tax synergies resulting from the Tommy Hilfiger acquisition, partially offset by state and local taxes.

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REDEEMABLE NON-CONTROLLING INTEREST

6 Months Ended

Aug. 04, 2013

Redeemable Non-Controlling Interest Disclosure [Abstract]

REDEEMABLE NON-CONTROLLING INTEREST

REDEEMABLE NON-CONTROLLING INTEREST

As a result of the acquisition of Warnaco, the Company owns a 51% interest in a joint venture in India, Premium Garments Wholesale Trading Private Limited (“CK India”), that is consolidated in the Company’s financial statements.

The Shareholders Agreement entered into by the parties to the joint venture (the “Shareholders Agreement”) contains a put option under which the non-controlling shareholders can require the Company to purchase all or a portion of their shares in the joint venture (i) at any date with respect to one of the non-controlling shareholders, who holds a 24% ownership, and (ii) after July 8, 2015, or at any date if the Company commits a material breach, as defined in the Shareholders Agreement, that is not cured, or becomes insolvent, with respect to the other non-controlling shareholder, who holds a 25% ownership. The put price is the fair market value of the shares on the redemption date based upon a multiple of the joint venture’s earnings before interest, taxes, depreciation and amortization for the prior 12 months, less the joint venture’s net debt and any amounts owed to the Company by the non-controlling shareholders.

The Shareholders Agreement also contains a call option, under which the Company can require any of the non-controlling shareholders to sell their shares to the Company (i) at any date in the event that any non-controlling shareholder commits a material breach, as defined in the Shareholders Agreement, under any of the agreements related to the joint venture, that is not cured; or (ii) at any date after July 8, 2015. The call price is determined by the same method as the put price (as described above). During the quarter ended August 4, 2013, the Company gave notice to the non-controlling shareholders that it was exercising the call option due to a continuing material breach by the non-controlling shareholders.  The sale of the non-controlling interests has not yet been consummated.

The fair value of the non-controlling interest as of the date of the Warnaco acquisition was estimated to be $5,600, which is subject to change pending the finalization of the valuation of the acquisition consideration allocation. Subsequent changes in the fair value of the redeemable non-controlling interest are recognized immediately as they occur, since a portion of the non-controlling interest is currently redeemable and it is probable that the other portion will become redeemable in the future based on the passage of time. The carrying amount of the redeemable non-controlling interest is adjusted to equal the fair value at the end of each reporting period, provided that this amount at the end of each reporting period cannot be lower than the initial fair value. Any fair value adjustment to the carrying amount is determined after attribution of net income and other comprehensive income of the non-controlling interest. After initial measurement, the attribution of any net losses of the non-controlling interest cannot exceed the amount of any increase in fair value above the initial fair value. Any fair value adjustment to the carrying amount of the redeemable non-controlling interest will be recognized immediately in retained earnings of the Company. After adjusting the carrying amount for net income and other comprehensive income during the twenty-six weeks ended August 4, 2013, an adjustment to retained earnings of $1,625 was necessary to increase the fair value of the redeemable non-controlling interest, as of August 4, 2013, to the initial fair value of $5,600.

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Aug. 04, 2013		Jul. 29, 2012
OPERATING ACTIVITIES
Net (loss) income	$ (35,922)		$ 185,394
Adjustments to reconcile to net cash used by operating activities:
Depreciation and amortization	205,348		67,792
Equity in income of unconsolidated affiliates, net	(3,140)		(1,850)
Deferred taxes	(23,697)		15,906
Stock-based compensation expense	34,478		18,891
Debt modification and extinguishment costs	40,395		0
Changes in operating assets and liabilities:
Trade receivables, net	(14,276)		46,095
Inventories, net	(34,010)		(117,028)
Accounts payable, accrued expenses and deferred revenue	(145,871)		39,893
Prepaid expenses	(28,923)		(8,590)
Employer pension contributions	(30,000)		(7,489)
Other, net	97,659		(31,716)
Net cash provided by operating activities	62,041		207,298
INVESTING ACTIVITIES(1)
Business acquisitions, net of cash acquired	(1,815,329)		0
Purchase of property, plant and equipment	(105,571)		(81,685)
Contingent purchase price payments	(26,734)		(25,749)
Net cash used by investing activities	(1,947,634)	[1]	(107,434)	[1]
FINANCING ACTIVITIES(1)
Net proceeds from revolving credit facilities	346		40,000
Net payments on short-term borrowings	(34,673)		(249)
Repayment of old credit facilities	(900,000)		(89,680)
Repayment of new credit facilities	(181,688)		0
Repayment of Warnaco’s previously outstanding debt	(197,000)		0
Net proceeds from credit facilities	2,993,430		0
Payment of fees associated with issuance of senior notes	(16,257)		0
Net proceeds from settlement of awards under stock plans	24,256		4,377
Excess tax benefits from awards under stock plans	15,091		7,082
Cash dividends	(9,203)		(5,490)
Acquisition of treasury shares	(57,121)		(13,633)
Payments of capital lease obligations	(4,655)		(5,664)
Net cash provided (used) by financing activities	1,632,526	[1]	(63,257)	[1]
Effect of exchange rate changes on cash and cash equivalents	(10,222)		(7,818)
(Decrease) increase in cash and cash equivalents	(263,289)		28,789
Cash and cash equivalents at beginning of period	892,209		233,197
Cash and cash equivalents at end of period	$ 628,920		$ 261,986

[1] See Note 17 for information on noncash investing and financing transactions.

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DEBT DEBT India Revolving Credit Facility (Details) (Line of credit, India facility [Member]) In Thousands, unless otherwise specified	3 Months Ended
	Aug. 04, 2013 USD ($)	Aug. 04, 2013 INR
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 3,200	195,000
Line of credit facility, amount outstanding	1,300
Short-term debt, weighted average interest rate	10.44%
Maximum amount of borrowings outstanding during the period	$ 2,600

XML

GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012
Goodwill and Other Intangible Assets [Line Items]
Contingent Purchase Price Payments Percentage	1.15%
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	$ 1,958,887
Accumulated impairment losses, beginning of period	0
Goodwill, net, beginning of period	1,958,887	1,777,724
Contingent purchase price payments to Mr. Calvin Klein	22,722
Goodwill from acquisition of Warnaco	1,451,479
Currency translation	(65,086)
Goodwill, gross, end of period	3,368,002
Accumulated impairment losses, end of period	0
Goodwill, net, end of period	3,368,002	1,777,724
Calvin Klein North America [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	207,083
Accumulated impairment losses, beginning of period	0
Goodwill, net, beginning of period	207,083
Contingent purchase price payments to Mr. Calvin Klein	13,406
Currency translation	(1,930)
Goodwill, gross, end of period	661,978
Accumulated impairment losses, end of period	0
Goodwill, net, end of period	661,978
Calvin Klein International [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	201,542
Accumulated impairment losses, beginning of period	0
Goodwill, net, beginning of period	201,542
Contingent purchase price payments to Mr. Calvin Klein	9,316
Currency translation	(23,954)
Goodwill, gross, end of period	1,065,690
Accumulated impairment losses, end of period	0
Goodwill, net, end of period	1,065,690
Tommy Hilfiger North America [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	198,501
Accumulated impairment losses, beginning of period	0
Goodwill, net, beginning of period	198,501
Contingent purchase price payments to Mr. Calvin Klein	0
Currency translation	0
Goodwill, gross, end of period	198,501
Accumulated impairment losses, end of period	0
Goodwill, net, end of period	198,501
Tommy Hilfiger International [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	1,196,619
Accumulated impairment losses, beginning of period	0
Goodwill, net, beginning of period	1,196,619
Contingent purchase price payments to Mr. Calvin Klein	0
Currency translation	(38,715)
Goodwill, gross, end of period	1,157,904
Accumulated impairment losses, end of period	0
Goodwill, net, end of period	1,157,904
Heritage Brands Wholesale [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	155,142
Accumulated impairment losses, beginning of period	0
Goodwill, net, beginning of period	155,142
Contingent purchase price payments to Mr. Calvin Klein	0
Currency translation	(487)
Goodwill, gross, end of period	283,929
Accumulated impairment losses, end of period	0
Goodwill, net, end of period	283,929
Warnaco [Member] | Calvin Klein North America [Member]
Goodwill [Roll Forward]
Goodwill from acquisition of Warnaco	443,419
Warnaco [Member] | Calvin Klein International [Member]
Goodwill [Roll Forward]
Goodwill from acquisition of Warnaco	878,786
Warnaco [Member] | Tommy Hilfiger North America [Member]
Goodwill [Roll Forward]
Goodwill from acquisition of Warnaco	0
Warnaco [Member] | Tommy Hilfiger International [Member]
Goodwill [Roll Forward]
Goodwill from acquisition of Warnaco	0
Warnaco [Member] | Heritage Brands Wholesale [Member]
Goodwill [Roll Forward]
Goodwill from acquisition of Warnaco	$ 129,274

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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Aug. 04, 2013

Derivative Financial Instruments [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for the Company’s derivative financial instruments:

	Asset Derivatives (Classified in Other Current Assets and Other Assets)				Liability Derivatives (Classified in Accrued Expenses and Other Liabilities)
	8/4/13		7/29/12		8/4/13		7/29/12
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts     (inventory purchases)	$	1,432	$	18,828	$	4,231	$	866
Interest rate contracts	4,110		45		8,097		6,729
Total contracts designated as cash flow hedges	5,542		18,873		12,328		7,595
Undesignated contracts:
Foreign currency forward exchange contracts     (inventory purchases)	282		—		109		538
Foreign currency forward exchange contracts (intercompany loans)	396		—		767		111
Total undesignated contracts	678		—		876		649
Total	$	6,220	$	18,873	$	13,204	$	8,244

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The following table summarizes the effect of the Company’s hedges designated as cash flow hedging instruments:

	Gain (Loss) Recognized in Other Comprehensive (Loss) Income (Effective Portion)						(Loss) Gain Reclassified from AOCI into (Expense) Income (Effective Portion)
							Location	Amount
Thirteen Weeks Ended	8/4/13			7/29/12				8/4/13			7/29/12
Foreign currency forward exchange contracts     (inventory purchases)	$	1,732		$	6,592		Cost of goods sold	$	(280	)	$	1,007
Interest rate contracts	(897		)	(962		)	Interest expense	(1,023		)	(1,098		)
Total	$	835		$	5,630			$	(1,303	)	$	(91	)
Twenty-Six Weeks Ended	8/4/13			7/29/12				8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	$	10,590		$	4,916		Cost of goods sold	$	2,901		$	3,631
Interest rate contracts	(1,106		)	(1,002		)	Interest expense	(2,177		)	(2,180		)
Total	$	9,484		$	3,914			$	724		$	1,451

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table summarizes the effect of the Company’s foreign currency forward exchange contracts that were not designated as cash flow hedges:

	Gain (Loss) Recognized in Income
Thirteen Weeks Ended	Location	8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	Selling, general and administrative expenses	$	661		$	(190	)
Foreign currency forward exchange contracts (intercompany loans)	Selling, general and administrative expenses	(285		)	(1,224		)
Twenty-Six Weeks Ended	Location	8/4/13			7/29/12
Foreign currency forward exchange contracts (inventory purchases)	Selling, general and administrative expenses	$	349		$	679
Foreign currency forward exchange contracts (intercompany loans)	Selling, general and administrative expenses	(38		)	(1,224		)

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ACTIVITY EXIT COSTS (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
	Aug. 04, 2013	Aug. 04, 2013
Warnaco Acquisition and Integration Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred		$ 255,000
Total costs incurred	44,128	131,832
Restructuring Reserve [Roll Forward]
Total liability, end of period	50,538	50,538
Tommy Hilfiger Integration and Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs incurred		0
Restructuring Reserve [Roll Forward]
Total liability, beginning of period		2,776
Total costs paid		1,269
Total liability, end of period	1,507	1,507
Severance, termination benefits and other costs [Member] | Warnaco Acquisition and Integration Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred		175,000
Total costs incurred	40,839	97,952
Restructuring Reserve [Roll Forward]
Total liability, end of period	44,130	44,130
Severance, termination benefits and other costs [Member] | Tommy Hilfiger Integration and Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs incurred		0
Restructuring Reserve [Roll Forward]
Total liability, beginning of period		763
Total costs paid		422
Total liability, end of period	341	341
Inventory liquidation costs[Member] | Warnaco Acquisition and Integration Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred		30,000
Total costs incurred	0	30,000
Restructuring Reserve [Roll Forward]
Total liability, end of period	5,035	5,035
Lease/contract termination and related costs [Member] | Warnaco Acquisition and Integration Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred		50,000
Total costs incurred	3,289	3,880
Restructuring Reserve [Roll Forward]
Total liability, end of period	1,373	1,373
Lease/contract termination and related costs [Member] | Tommy Hilfiger Integration and Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs incurred		0
Restructuring Reserve [Roll Forward]
Total liability, beginning of period		2,013
Total costs paid		847
Total liability, end of period	1,166	1,166
Calvin Klein North America [Member] | Warnaco Acquisition and Integration Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs incurred		23,544
Calvin Klein International [Member] | Warnaco Acquisition and Integration Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs incurred		39,733
Heritage Brands Wholesale [Member] | Warnaco Acquisition and Integration Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs incurred		12,463
Unallocated amount to segment [Member] | Warnaco Acquisition and Integration Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total costs incurred		$ 26,092

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DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012
Derivative [Line Items]
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges			$ 9,503
Other Current Assets and Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	6,220	18,873	6,220	18,873
Accrued Expenses and Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	13,204	8,244	13,204	8,244
Foreign Exchange Forward Inventory Purchases [Member]
Derivative [Line Items]
Notional amount outstanding of foreign currency forward exchange contracts	422,000		422,000
Foreign Exchange Forward Intercompany Loans [Member]
Derivative [Line Items]
Notional amount outstanding of foreign currency forward exchange contracts	80,000		80,000
Designated as Hedging Instrument [Member] | Other Current Assets and Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	5,542	18,873	5,542	18,873
Designated as Hedging Instrument [Member] | Accrued Expenses and Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	12,328	7,595	12,328	7,595
Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Current Assets and Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1,432	18,828	1,432	18,828
Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Accrued Expenses and Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	4,231	866	4,231	866
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Other Current Assets and Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	4,110	45	4,110	45
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Accrued Expenses and Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	8,097	6,729	8,097	6,729
Not Designated as Hedging Instrument [Member] | Other Current Assets and Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	678	0	678	0
Not Designated as Hedging Instrument [Member] | Accrued Expenses and Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	876	649	876	649
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Current Assets and Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	282	0	282	0
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Accrued Expenses and Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	109	538	109	538
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Intercompany Loans [Member] | Other Current Assets and Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	396	0	396	0
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Intercompany Loans [Member] | Accrued Expenses and Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	767	111	767	111
Cost of Goods Sold [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Instruments, (Gain) Loss Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred			(2,413)
Cost of Goods Sold [Member] | Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer			12 months
Interest Expense [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Instruments, (Gain) Loss Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred			6,601
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer			12 months
Selling, General and Administrative Expenses [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member]
Derivative [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net	661	(190)	349	679
Selling, General and Administrative Expenses [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Intercompany Loans [Member]
Derivative [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net	(285)	(1,224)	(38)	(1,224)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges	835	5,630	9,484	3,914
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Expense (Effective Portion)	(1,303)	(91)	724	1,451
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member]
Derivative [Line Items]
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges	1,732	6,592	10,590	4,916
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Other comprehensive (loss) income before reclassifications, net unrealized and realized (loss) gain on effective hedges	(897)	(962)	(1,106)	(1,002)
Cash Flow Hedging [Member] | Cost of Goods Sold [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Inventory Purchases [Member]
Derivative [Line Items]
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Expense (Effective Portion)	(280)	1,007	2,901	3,631
Cash Flow Hedging [Member] | Interest Expense [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Expense (Effective Portion)	$ (1,023)	$ (1,098)	$ (2,177)	$ (2,180)

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STOCK-BASED COMPENSATION

6 Months Ended

Aug. 04, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

The Company grants stock-based awards under its 2006 Stock Incentive Plan (the “2006 Plan”). The 2006 Plan replaced the Company’s 2003 Stock Option Plan (the “2003 Plan”) and certain other prior stock option plans. The 2003 Plan and these other plans terminated upon the 2006 Plan’s initial stockholder approval in June 2006, other than with respect to outstanding options, which continued to be governed by the applicable prior plan. Only awards under the 2003 Plan continue to be outstanding insofar as these prior plans are concerned. Shares issued as a result of stock-based compensation transactions generally have been funded with the issuance of new shares of the Company’s common stock.

The Company may grant the following types of incentive awards under the 2006 Plan: (i) non-qualified stock options (“NQs”); (ii) incentive stock options (“ISOs”); (iii) stock appreciation rights; (iv) restricted stock; (v) restricted stock units (“RSUs”); (vi) performance share units; and (vii) other stock-based awards. Each award granted under the 2006 Plan is subject to an award agreement that incorporates, as applicable, the exercise price, the term of the award, the periods of restriction, the number of shares to which the award pertains, applicable performance period(s) and performance measure(s), and such other terms and conditions as the plan committee determines.

Through August 4, 2013, the Company has granted under the 2006 Plan: (i) service-based NQs, RSUs and restricted stock; (ii) contingently issuable performance share units; and (iii) RSUs that are intended to satisfy the performance-based condition for deductibility under Section 162(m) of the Internal Revenue Code. According to the terms of the 2006 Plan, for purposes of determining the number of shares available for grant, each share underlying a stock option award reduces the number available by one share, each share underlying a restricted stock award reduces the number available by two shares and each share underlying an RSU or performance share unit award reduces the number available by three shares for awards made before April 29, 2009 and by two shares for awards made on or after April 29, 2009. The per share exercise price of options granted under the 2006 Plan cannot be less than the closing price of the common stock on the date of grant (the business day prior to the date of grant for awards granted prior to September 21, 2006).

The Company currently has service-based NQs and ISOs outstanding under the 2003 Plan. Such options were granted with an exercise price equal to the closing price of the Company’s common stock on the business day immediately preceding the date of grant.

Under the terms of the merger agreement in connection with the Warnaco acquisition, each outstanding award of Warnaco stock options, restricted stock and restricted stock units has been assumed by the Company and converted into an award of the same type, and, subject to the same terms and conditions, but payable in shares of Company common stock. The stock options are generally exercisable in three equal annual installments commencing one year after the date of original grant and the RSUs and restricted stock awards generally vest three years after the date of original grant, principally on a cliff basis. The Company accounted for the replacement awards as a modification of the existing awards. As such, a new fair value was assigned to the awards, a portion of which is included as part of the merger consideration. The merger consideration of $39,752 was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the effective time of the Warnaco acquisition, net of the estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. The remaining fair value, net of estimated forfeitures, is being expensed on a straight-line basis over the awards’ remaining vesting periods.

Net (loss) income for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012 included $34,478 and $18,891, respectively, of pre-tax expense related to stock-based compensation.

Stock options currently outstanding, with the exception of the Warnaco employee replacement awards discussed above, are generally cumulatively exercisable in four equal annual installments commencing one year after the date of grant. The vesting of such options outstanding is also generally accelerated upon retirement (as defined in the applicable plan). Such options are generally granted with a 10-year term.

The Company estimates the fair value of stock options granted at the date of grant using the Black-Scholes-Merton model. The estimated fair value of the options, net of estimated forfeitures, is expensed on a straight-line basis over the options’ vesting periods.

The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the twenty-six weeks endedAugust 4, 2013 (with the exception of the Warnaco employee replacement stock options) and July 29, 2012:

	Twenty-Six Weeks Ended
	8/4/13			7/29/12
Weighted average risk-free interest rate	1.05		%	1.20		%
Weighted average expected option term (in years)	6.22			6.25
Weighted average Company volatility	45.20		%	45.16		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per option	$	51.51		$	40.59

The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants. The Company will continue to evaluate the appropriateness of utilizing such method.

The following summarizes the assumptions used to estimate the fair value of the Warnaco employee stock options that were replaced at the effective time of the acquisition:

	Twenty-Six Weeks Ended
	8/4/13
Weighted average risk-free interest rate	0.24		%
Weighted average expected option term (in years)	1.70
Weighted average Company volatility	29.40		%
Expected annual dividends per share	$	0.15
Weighted average grant date fair value per option	$	40.60

Service-based stock option activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Options	Weighted Average Price Per Option
Outstanding at February 3, 2013	1,958	$	44.17
Replacement of Warnaco awards	443	86.26
Granted	182	117.03
Exercised	381	64.43
Cancelled	12	93.60
Outstanding at August 4, 2013	2,190	$	54.95
Exercisable at August 4, 2013	1,511	$	42.83

RSUs granted to employees, with the exception of the Warnaco employee replacement awards, generally vest in three annual installments of 25%, 25% and 50% commencing two years after the date of grant. Service-based RSUs granted to non-employee directors vest in four equal annual installments commencing one year after the date of grant for awards granted prior to 2010 and vest in full one year after the date of grant for awards granted during or after 2010. The underlying RSU award agreements (excluding agreements for non-employee director awards made during or after 2010) generally provide for accelerated vesting upon the award recipient’s retirement (as defined in the 2006 Plan). The fair value of service-based RSUs, with the exception of the Warnaco employee replacement awards, is equal to the closing price of the Company’s common stock on the date of grant and is expensed, net of estimated forfeitures, on a straight-line basis over the RSUs’ vesting periods.

RSU activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	RSUs	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	660	$	62.24
Replacement of Warnaco awards	120	120.72
Granted	234	119.06
Vested	244	61.24
Cancelled	24	79.78
Non-vested at August 4, 2013	746	$	89.25

The Company’s restricted stock awards consist solely of awards to Warnaco employees that were replaced with the Company’s restricted stock as of the effective time of the acquisition. The fair value of restricted stock with respect to awards for which the vesting period had not lapsed as of the acquisition date was equal to the closing price of the Company’s common stock on February 12, 2013 and is expensed, net of forfeitures, on a straight-line basis over the vesting period.

Restricted stock activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Restricted Stock	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	—	$	—
Replacement of Warnaco awards	271	120.72
Granted	—	—
Vested	174	120.72
Cancelled	8	120.72
Non-vested at August 4, 2013	89	$	120.72

The Company granted contingently issuable performance share units to certain of the Company’s senior executives during the first quarter of each of 2012 and 2013 subject to a performance period of two years and a service period of one year beyond the performance period. The Company granted contingently issuable performance share units to certain of the Company’s executives during the second quarter of each of 2010 and 2013 subject to performance periods of three years each. The holders of the awards granted on May 6, 2010 that were subject to a performance period of three years earned an aggregate of 498 shares as a result of the Company’s performance during such three-year period. For the awards granted in the second quarter of 2013, the final number of shares that will be earned, if any, is contingent upon the Company’s achievement of goals for the performance period, of which 50 percent is based upon the Company’s absolute stock price growth during the performance period and 50 percent is based upon the Company’s total shareholder return during the performance period relative to other companies included in the S&P 500 as of the date of grant. For the awards granted in the first quarter of each of 2012 and 2013, the final number of shares that will be earned, if any, is contingent upon the Company’s achievement of goals for each of the performance periods based on both earnings per share growth and return on equity for the awards granted in the first quarter of 2012 and earnings per share growth for the awards granted in the first quarter of 2013 during the applicable performance cycle.

For the contingently issuable performance share units granted prior to the second quarter of 2013, the Company records expense ratably over each applicable vesting period based on fair value and the Company’s current expectations of the probable number of shares that will ultimately be issued. The fair value of these contingently issuable performance share units is equal to the closing price of the Company’s common stock on the date of grant, reduced for the present value of any dividends expected to be paid on the Company’s common stock during the performance cycle, as these contingently issuable performance share units do not accrue dividends prior to the completion of the performance cycle.

For the contingently issuable performance share units granted during the second quarter of 2013, because the awards are subject to market conditions, the Company records expense ratably over the vesting period, net of estimated forfeitures, regardless of whether the market condition is satisfied. The fair value of such awards was established on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:

	Twenty-Six Weeks Ended
	8/4/13
Risk-free interest rate	0.34		%
Expected Company volatility	38.67		%
Expected annual dividends per share	$	0.15
Grant date fair value per performance share unit	$	123.27

Performance share unit activity for the twenty-six weeks endedAugust 4, 2013 was as follows:

	Performance Shares	Weighted Average Grant Date Fair Value
Non-vested at February 3, 2013	594	$	57.08
Granted	920	122.57
Vested	498	51.07
Cancelled	36	122.45
Non-vested at August 4, 2013	980	$	119.26

The Company receives a tax deduction for certain transactions associated with its stock plan awards. The actual income tax benefits realized from these transactions for the twenty-six weeks endedAugust 4, 2013 and July 29, 2012 were $45,554 and $12,606, respectively. Of those amounts, $15,091 and $7,082, respectively, were reported as excess tax benefits. Excess tax benefits arise when the actual tax benefit resulting from a stock plan award transaction exceeds the tax benefit associated with the grant date fair value of the related stock award. The Company recognizes these excess tax benefits in additional paid in capital only if an incremental tax benefit would be realized after considering all other tax benefits presently available to the Company.

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DEBT

6 Months Ended

Aug. 04, 2013

Debt Disclosure [Abstract]

DEBT

DEBT

Short-Term Borrowings

One of the Company’s Asian subsidiaries has a Yen-denominated overdraft facility with a Japanese bank, which provides for borrowings of up to ¥1,000,000 (approximately $10,000 based on exchange rates in effect on August 4, 2013) and is utilized to fund working capital needs. Borrowings under the facility are unsecured and bear interest at the one-month Japanese interbank borrowing rate (“TIBOR”) plus 0.15%. Such facility renews automatically unless the Company gives notice of termination. There were no borrowings outstanding under this facility as of August 4, 2013. The maximum amount of borrowings outstanding under this facility during the twenty-six weeks ended August 4, 2013 was approximately $10,000.

One of the Company’s European subsidiaries acquired as part of the Warnaco acquisition has short-term revolving notes with a number of banks at various interest rates, as well as a Euro-denominated overdraft facility, which are used to fund working capital needs. The total amount of borrowings outstanding as of August 4, 2013 was $2,147. The weighted average interest rate on the funds borrowed at August 4, 2013 was 2.94%. The maximum amount of borrowings outstanding under these facilities during the twenty-six weeks ended August 4, 2013 was approximately $25,300.

One of the Company’s Asian subsidiaries acquired as part of the Warnaco acquisition has Rupee-denominated short-term revolving credit facilities with a local lender. These facilities provide for total borrowings of up to ₨195,000 (approximately $3,200 based on exchange rates in effect on August 4, 2013) and are utilized to fund working capital needs. Borrowings under the facilities bear interest at various interest rates, primarily based on a base rate set by the lending bank. As of August 4, 2013, the Company had $1,300 of borrowings outstanding under these facilities and the weighted average interest rate on the funds borrowed at August 4, 2013 was 10.44%. The maximum amount of borrowings outstanding under these facilities during the twenty-six weeks ended August 4, 2013 was approximately $2,600.

One of the Company’s Asian subsidiaries acquired as part of the Warnaco acquisition has a short-term $10,000 revolving credit facility to be used to fund working capital needs. Borrowings under the facility bear interest at 1.75% plus the one-month London interbank borrowing rate (“LIBOR”). At the end of each month, amounts outstanding under this facility may be carried forward for additional one-month periods for up to one year. The facility was renewed in September 2012 and may be renewed annually in the future. The facility is subject to certain terms and conditions and may be terminated at any time at the discretion of the lender. There were no borrowings outstanding under this facility as of or during the twenty-six weeks ended August 4, 2013.

One of the Company’s Asian subsidiaries acquired as part of the Warnaco acquisition has a Won-denominated short-term revolving credit facility with one lender that provides for borrowings of up to ₩3,000,000 (approximately $2,700 based on exchange rates in effect on August 4, 2013) and is utilized to fund working capital needs. Borrowings under the facility bear interest at the three-month Cost of Funds Index rate plus a specified margin. There were no borrowings outstanding under this facility as of or during the twenty-six weeks ended August 4, 2013.

One of the Company’s Latin American subsidiaries acquired as part of the Warnaco acquisition has Real-denominated short-term revolving credit facilities with a number of banks that provide for total available borrowings of R$44,000 (approximately $19,000 based on exchange rates in effect on August 4, 2013) and are utilized to fund working capital needs. Borrowings under the facilities bear interest at various interest rates. There were no borrowings outstanding under these facilities as of or during the twenty-six weeks ended August 4, 2013.

Long-Term Debt

The carrying amounts of the Company’s long-term debt were as follows:

	8/4/13		7/29/12
Senior secured term loan A facility due 2018	$	1,672,297	$	—
Senior secured term loan B facility due 2020	1,208,202		—
4 1/2% senior unsecured notes	700,000		—
7 3/8% senior unsecured notes	600,000		600,000
7 3/4% debentures	99,652		99,631
Senior secured term loan A facility due 2016 - United States dollar-denominated	—		592,000
Senior secured term loan A facility due 2016 - Euro-denominated	—		98,844
Senior secured term loan B facility due 2016 - United States dollar-denominated	—		395,000
Senior secured term loan B facility due 2016 - Euro-denominated	—		18,010
Total	4,280,151		1,803,485
Less: Current portion of long-term debt	85,000		88,021
Long-term debt	$	4,195,151	$	1,715,464

As of August 4, 2013, the Company’s mandatory long-term debt repayments for the next five years were as follows:

Remainder of 2013	$	42,500
2014	85,000
2015	116,875
2016	159,375
2017	170,000
2018	1,105,000

As of August 4, 2013, after taking into account the interest rate swap agreement discussed in the section entitled “New Senior Secured Credit Facilities”below, which was in effect as of such date, approximately 45% of the Company’s long-term debt was at a fixed rate, with the remainder at variable rates. As a result of the new interest rate swap agreement for a three-year term commencing on August 19, 2013, as discussed below, approximately 70% of the Company’s long-term debt will be at a fixed rate, with the remainder at variable rates.

Prior Senior Secured Credit Facilities

On May 6, 2010, the Company entered into senior secured credit facilities, which it amended and restated on March 2, 2011 (“the amended facilities”). The amended facilities consisted of a Euro-denominated term loan A facility, a United States dollar-denominated term loan A facility, a Euro-denominated term loan B facility, a United States dollar-denominated term loan B facility, a United States dollar-denominated revolving credit facility and two multi-currency (one United States dollar and Canadian dollar, and the other Euro, Japanese Yen and British Pound) revolving credit facilities. The amended facilities provided for initial borrowings of up to an aggregate of approximately $1,970,000 (based on applicable exchange rates on March 2, 2011), consisting of (i) an aggregate of approximately $1,520,000 of term loan facilities; and (ii) approximately $450,000 of revolving credit facilities.

The Company made payments of $89,680 on its term loans under the amended facilities during the twenty-six weeks ended July 29, 2012.

On February 13, 2013, in connection with the Warnaco acquisition, the Company modified and extinguished the amended facilities and repaid all outstanding borrowings thereunder, as discussed in the section entitled “New Senior Secured Credit Facilities” below.

New Senior Secured Credit Facilities

On February 13, 2013, simultaneously with and related to the closing of the Warnaco acquisition, the Company entered into new senior secured credit facilities (“the new facilities”), the proceeds of which were used to fund a portion of the acquisition, repay all outstanding borrowings under the amended facilities and repay all of Warnaco’s previously outstanding long-term debt. The new facilities consist of a $1,700,000 United States dollar-denominated Term Loan A (recorded net of an original issue discount of $7,325 as of the acquisition date), a $1,375,000 United States dollar-denominated Term Loan B (recorded net of an original issue discount of $6,875 as of the acquisition date) and senior secured revolving credit facilities in an aggregate principal amount of $750,000 (based on the applicable exchange rates on February 13, 2013), consisting of (a) a $475,000 United States dollar-denominated revolving credit facility, (b) a $25,000 United States dollar-denominated revolving credit facility available in United States dollars or Canadian dollars and (c) a €185,850 Euro-denominated revolving credit facility available in Euro, Pounds Sterling, Japanese Yen and Swiss Francs. In connection with entering into the new facilities and repaying all outstanding borrowings under the amended facilities and all of Warnaco’s previously outstanding long-term debt, the Company paid debt issuance costs of $67,370 (of which $34,638 was expensed as debt modification and extinguishment costs and $32,732 will be amortized over the term of the related debt agreement) and recorded additional debt modification and extinguishment costs of $5,757 to write-off previously capitalized debt issuance costs.

The revolving credit facilities include amounts available for letters of credit. As of August 4, 2013, the Company had drawn no revolving credit borrowings and approximately $79,105 of letters of credit. A portion of both United States dollar-denominated revolving credit facilities is also available for the making of swingline loans. The issuance of such letters of credit and the making of any swingline loan reduces the amount available under the applicable revolving credit facility. So long as certain conditions are satisfied, the Company may add one or more term loan facilities or increase the commitments under the revolving credit facilities by an aggregate amount not to exceed the greater of (a) $750,000 and (b) $1,250,000 as long as the ratio of the Company’s senior secured net debt to consolidated adjusted earnings before interest, taxes, depreciation and amortization (in each case calculated as set forth in the documentation relating to the new facilities) would not exceed 3 to 1 after giving pro forma effect to the incurrence of such increase, plus, in either case, an amount equal to the aggregate revolving commitments of any defaulting lender (to the extent the commitments with respect thereto have been terminated). The lenders under the new facilities are not required to provide commitments with respect to such additional facilities or increased commitments.

The Company made payments of $181,688 on its term loans under the new facilities during the twenty-six weeks endedAugust 4, 2013, the majority of which was voluntary. As of August 4, 2013, the Company had total term loans outstanding of $2,880,499, net of original issue discounts. The terms of each of Term Loan A and Term Loan B contain a mandatory quarterly repayment schedule. Due to the above-mentioned voluntary payments, the Company is not required to make any additional mandatory repayments under Term Loan B prior to maturity.

The outstanding borrowings under the new facilities are prepayable at any time without penalty. The terms of the new facilities require the Company to repay certain amounts outstanding thereunder with (a) net cash proceeds of the incurrence of certain indebtedness, (b) net cash proceeds of certain asset sales or other dispositions (including as a result of casualty or condemnation) that exceed certain thresholds, to the extent such proceeds are not reinvested or committed to be reinvested in the business in accordance with customary reinvestment provisions and (c) a percentage of excess cash flow, which percentage is based upon the Company’s net leverage ratio during the relevant fiscal period.

The United States dollar-denominated borrowings under the new facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a base rate determined by reference to the greater of (i) the prime rate, (ii) the United States federal funds rate plus 1/2 of 1.00% and (iii) a one-month adjusted Eurocurrency rate plus 1.00% (provided that, in the case of Term Loan B, in no event will the base rate be deemed to be less than 1.75%) or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities (provided that, in the case of Term Loan B, in no event will the adjusted Eurocurrency rate be deemed to be less than 0.75%).

Canadian dollar-denominated borrowings under the new revolving credit facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a Canadian prime rate determined by reference to the greater of (i) the rate of interest per annum that Royal Bank of Canada establishes at its main office in Toronto, Ontario as the reference rate of interest in order to determine interest rates for loans in Canadian Dollars to its Canadian borrowers and (ii) the sum of (x) the average of the rates per annum for Canadian Dollar bankers’ acceptances having a term of one month that appears on the display referred to as “CDOR Page” of Reuters Monitor Money Rate Services as of 10:00 a.m. (Toronto time) on the date of determination, as reported by the administrative agent (and if such screen is not available, any successor or similar service as may be selected by the administrative agent), and (y) 0.75%, or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities.

The borrowings under the new revolving credit facilities in currencies other than United States dollars or Canadian dollars bear interest at a rate equal to an applicable margin plus an adjusted Eurocurrency rate, calculated in a manner set forth in the new facilities.

The current applicable margins are in the case of Term Loan A and the revolving credit facilities, 2.00% for adjusted Eurocurrency rate loans and 1.00% for base rate loans, as applicable. The applicable margins in the case of Term Loan B are fixed at 2.50% for adjusted Eurocurrency rate loans and 1.50% for base rate loans, respectively. After the date of delivery of the compliance certificate and financial statements with respect to the Company’s fiscal quarter ending August 4, 2013, the applicable margin for borrowings under Term Loan A and the revolving credit facilities is subject to adjustment based on the Company’s quarter end net leverage ratio.

During the second quarter of 2013, the Company entered into an interest rate swap agreement for a three-year term commencing on August 19, 2013. The agreement was designed with the intended effect of converting an initial notional amount of $1,228,750 of the Company’s variable rate debt obligation under its United States dollar-denominated senior secured Term Loan A facility, or any replacement facility with similar terms, to fixed rate debt. Under the terms of the agreement for the then-outstanding notional amount, the Company’s exposure to fluctuations in the one-month LIBOR is eliminated, and it will pay a fixed rate of 0.604%, plus the current applicable margin.

During the second quarter of 2011, the Company entered into an interest rate swap agreement for a three-year term commencing on June 6, 2011. The agreement was designed with the intended effect of converting an initial notional amount of $632,000 of the Company’s variable rate debt obligation under its previously outstanding United States dollar-denominated senior secured term loan A facility, or any replacement facility with similar terms, to fixed rate debt. Such agreement remains outstanding, with a notional amount of $436,608 as of August 4, 2013, subsequent to the repayment of the Company’s previously outstanding amended facility and is now converting a portion of the Company’s variable rate debt obligation under its new Term Loan A facility to fixed rate debt. Under the terms of the agreement for the then-outstanding notional amount, the Company’s exposure to fluctuations in the three-month LIBOR is eliminated, and it will pay a fixed rate of 1.197%, plus the current applicable margin.

The outstanding notional amount of each interest rate swap will be adjusted according to pre-set schedules during the term of each swap agreement such that, based on the Company’s projections for future debt repayments, the Company’s outstanding debt under the Term Loan A facility is expected to always equal or exceed the then-outstanding combined notional amount of the interest rate swaps.

The new facilities contain covenants that restrict the Company’s ability to finance future operations or capital needs, to take advantage of other business opportunities that may be in its interest or to satisfy its obligations under its other outstanding debt. These covenants restrict the Company’s ability to, among other things:

• incur or guarantee additional debt or extend credit;

• make restricted payments, including paying dividends or making distributions on, or redeeming or repurchasing, the Company’s capital stock or certain debt;

• make acquisitions and investments;

• dispose of assets;

• engage in transactions with affiliates;

• enter into agreements restricting the Company’s subsidiaries’ ability to pay dividends;

• create liens on the Company’s assets or engage in sale/leaseback transactions; and

• effect a consolidation or merger, or sell, transfer, or lease all or substantially all of the Company’s assets.

The new facilities require the Company to comply with certain financial covenants, including minimum interest coverage and maximum net leverage. A breach of any of these operating or financial covenants would result in a default under the applicable facility. If an event of default occurs and is continuing, the lenders could elect to declare all amounts then outstanding, together with accrued interest, to be immediately due and payable which would result in acceleration of the Company’s other debt. If the Company was unable to repay any such borrowings when due, the lenders could proceed against their collateral, which also secures some of the Company’s other indebtedness.

4 1/2% Senior Notes Due 2022

On December 20, 2012, the Company issued $700,000 principal amount of 4 1/2% senior notes due December 15, 2022 in connection with the Warnaco acquisition. Interest on the 4 1/2% notes is payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 15, 2013. The Company paid $16,257 of fees in the first quarter of 2013 in connection with the issuance of these notes, which will be amortized over the term of the notes.

The Company may redeem some or all of these notes at any time prior to December 15, 2017 by paying a “make whole” premium plus any accrued and unpaid interest. Subject to certain conditions, the Company may also redeem up to 35% of these notes prior to December 15, 2015 with the net cash proceeds of certain equity offerings without having to pay a penalty or “make whole” premium. In addition, the Company may redeem some or all of these notes on or after December 15, 2017 at specified redemption prices plus any accrued and unpaid interest. The Company’s ability to pay cash dividends and make other restricted payments is limited, in each case, over specified amounts as defined in the indenture governing the notes.

7 3/8% Senior Notes Due 2020

On May 6, 2010, the Company issued $600,000 principal amount of 7 3/8% senior notes due May 15, 2020. Interest on the 7 3/8% notes is payable semi-annually in arrears on May 15 and November 15 of each year.

The Company may redeem some or all of these notes on or after May 15, 2015 at specified redemption prices plus any accrued and unpaid interest. The Company may redeem some or all of these notes at any time prior to May 15, 2015 by paying a “make whole” premium plus any accrued and unpaid interest. In addition, subject to certain conditions, the Company may also redeem up to 35% of these notes prior to May 15, 2013, by paying a set premium, with the net proceeds of certain equity offerings. The Company’s ability to pay cash dividends and make other restricted payments is limited, in each case, over specified amounts as defined in the indenture governing the notes.

7 3/4% Debentures Due 2023

The Company has outstanding $100,000 of debentures due on November 15, 2023 with a yield to maturity of 7.80%. The debentures accrue interest at the rate of 7 3/4%, which is payable semi-annually. Pursuant to the indenture governing the debentures, the Company must maintain a certain level of stockholders’ equity in order to pay cash dividends and make other restricted payments, as defined in the indenture governing the debentures.

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NET INCOME PER COMMON SHARE - DILUTED (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Aug. 04, 2013	Jul. 29, 2012	Aug. 04, 2013	Jul. 29, 2012
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net (loss) income available to common stockholders for basic net (loss) income per common share (add back section)	$ (15,996)	$ 87,327	$ (36,048)	$ 178,249
Common stock dividends paid to holders of Series A convertible preferred stock	0	0	0	209
Allocation of income to Series A convertible preferred stock	0	2,591	0	6,936
Net (loss) income available to common stockholders for diluted net income per common share	$ (15,996)	$ 89,918	$ (36,048)	$ 185,394
Number of dilutive shares that could be issued upon vesting	189	678	189	678

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ACTIVITY EXIT COSTS

6 Months Ended

Aug. 04, 2013

Notes to Financial Statements [Abstract]

ACTIVITY EXIT COSTS

ACTIVITY EXIT COSTS

Warnaco Integration Costs

In connection with the Company’s acquisition of Warnaco during the first quarter of 2013 and the related integration, the Company incurred certain costs related to severance and termination benefits, inventory liquidations and lease/contract terminations. Such costs were as follows:

	Total Expected to be Incurred		Incurred During the Thirteen Weeks Ended 8/4/13		Incurred During the Twenty-Six Weeks Ended 8/4/13		Liability at 8/4/13
Severance, termination benefits and other costs	$	175,000	$	40,839	$	97,952	$	44,130
Inventory liquidation costs	30,000		—		30,000		5,035
Lease/contract termination and related costs	50,000		3,289		3,880		1,373
Total	$	255,000	$	44,128	$	131,832	$	50,538

Of the charges for severance, termination benefits and lease/contract termination and other costs incurred during the twenty-six weeks endedAugust 4, 2013, $23,544 relate to selling, general and administrative expenses of the Calvin Klein North America segment, $39,733 relate to selling, general and administrative expenses of the Calvin Klein International segment, $12,463 relate to selling, general and administrative expenses of the Heritage Brands Wholesale segment and $26,092 relate to corporate expenses not allocated to any reportable segment. The liabilities at August 4, 2013 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets. The remaining charges for severance and termination benefits and lease/contract termination and other costs expected to be incurred relate principally to the aforementioned segments and corporate expenses not allocated to any reportable segment. Inventory liquidation costs incurred during the twenty-six weeks ended August 4, 2013 were included in net sales of the Company’s Calvin Klein International segment. (See Note 18, “Segment Data.”)

Tommy Hilfiger Integration and Exit Costs

In connection with the Company’s acquisition and integration of Tommy Hilfiger and the related restructuring, the Company incurred certain costs related to severance and termination benefits, long-lived asset impairments, inventory liquidations and lease/contract terminations, including costs associated with the exit of certain Tommy Hilfiger product categories. All expected costs related to this acquisition and integration and the related restructuring were incurred by the end of 2012.

Liabilities for severance and termination benefits and lease/contract termination costs recorded in connection with the acquisition and integration of Tommy Hilfiger and the related restructuring were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:

	Liability at 2/3/13		Costs Incurred During the Twenty-Six Weeks Ended 8/4/13		Costs Paid During the Twenty-Six Weeks Ended 8/4/13		Liability at 8/4/13
Severance, termination benefits and other costs	$	763	$	—	$	422	$	341
Lease/contract termination and related costs	2,013		—		847		1,166
Total	$	2,776	$	—	$	1,269	$	1,507

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ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Aug. 04, 2013

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income [Text Block]

ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the changes in AOCI (net of tax) by component for the twenty-six weeks endedAugust 4, 2013:

	Foreign currency translation adjustments			Retirement liability adjustment			Net unrealized and realized (loss) gain on effective hedges			Total
Balance at February 3, 2013	$	153,648		$	1,552		$	(15,318	)	$	139,882
Other comprehensive (loss) income before reclassifications	(149,019		)	—			9,503			(139,516		)
Less: Amounts reclassified from AOCI	—			271			(11		)	260
Other comprehensive (loss) income	(149,019		)	(271		)	9,514			(139,776		)
Balance at August 4, 2013	$	4,629		$	1,281		$	(5,804	)	$	106

The following table presents reclassifications out of AOCI to earnings:

	Amount Reclassified from AOCI						Affected Line Item in the Consolidated Income Statements
	Thirteen Weeks Ended 8/4/13			Twenty-Six Weeks Ended 8/4/13
Realized (loss) gain on effective hedges
Foreign currency forward exchange contracts	$	(280	)	$	2,901		Cost of goods sold
Interest rate contracts	(1,023		)	(2,177		)	Interest expense
Less: Tax effect	(391		)	735			Income tax expense
Total, net of tax	$	(912	)	$	(11	)
Amortization of retirement liability items
Prior service credit	$	219		$	439		Selling, general and administrative expenses
Less: Tax effect	84			168			Income tax expense
Total, net of tax	$	135		$	271

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Document and Entity Information Document	6 Months Ended
	Aug. 04, 2013	Sep. 03, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	PVH CORP. /DE/
Entity Central Index Key	0000078239
Current Fiscal Year End Date	--02-02
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Aug. 04, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		81,572,863
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

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STOCKHOLDERS' EQUITY

6 Months Ended

Aug. 04, 2013

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Common Stock Issuance

On February 13, 2013, the Company issued 7,674 shares of its common stock, par value $1.00 per share, as part of the consideration paid to the former stockholders of Warnaco in connection with the acquisition.

Series A Convertible Preferred Stock Issuance and Conversion

In 2010, the Company sold 8 shares of Series A convertible preferred stock for net proceeds of $188,595 after related fees and expenses. During the first quarter of 2012, one of the holders of Series A convertible preferred stock converted an aggregate of $94,297 of the Series A convertible preferred stock, or 4 shares, into 2,095 shares of the Company’s common stock. The remaining shares of Series A convertible preferred stock were converted into the Company’s common stock during the fourth quarter of 2012. Holders of the Series A convertible preferred stock were entitled to vote and participate in dividends with the holders of the Company’s common stock on an as-converted basis. Due to the conversions of such stock, there were no outstanding shares of the Company’s Series A convertible preferred stock during the twenty-six weeks ended August 4, 2013. On May 2, 2013, the Company filed with the Secretary of State of the State of Delaware a certificate eliminating the Series A convertible preferred stock.

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STOCK-BASED COMPENSATION - STOCK OPTION ACTIVITY (Details) (USD $) In Thousands, except Share data, unless otherwise specified	0 Months Ended	3 Months Ended		6 Months Ended
	Feb. 13, 2013	Aug. 04, 2013	May 05, 2013	Aug. 04, 2013	Jul. 29, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in Number of Shares to Be Granted by Each Option Award		1		1
Warnaco employee replacement stock awards	$ 39,752
Stock-based compensation expense				34,478	18,891
Assumptions used to estimate fair value of service-based stock options and performance share units [Abstract]
Expected term				6 years 2 months 19 days	6 years 3 months
Contingently issuable performance share awards, performance period		3 years	2 years
Contingently issuable performance share awards, service period			1 year
Percentage of Final Number of Shares Based Upon the Company's Absolute Stock Price Growth		50.00%
Percent of Final Number of Shares Based Upon the Company's Total Shareholder Return		50.00%
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting installments				4
Beginning vesting term				one year after date of grant
Service-based stock option activity [Roll Forward]
Service-based stock options, outstanding, beginning of period			1,958,000	1,958,000
Service-based stock options, replacement awards granted				443,000
Service-based stock options, granted				182,000
Service-based stock options, exercised				381,000
Service-based stock options, cancelled				12,000
Service-based stock options, outstanding, end of period		2,190,000		2,190,000
Service-based stock options, exercisable		1,511,000		1,511,000
Service-based stock options, outstanding, weighted average price per option, beginning of period			$ 44.17	$ 44.17
Service-based stock options, replacement awards granted, weighted average price per option				$ 86.26
Service-based stock options, granted, weighted average price per option				$ 117.03
Service-based stock options, exercised, weighted average price per option				$ 64.43
Service-based stock options, cancelled, weighted average price per option				$ 93.60
Service-based stock options, outstanding, weighted average price per option, end of period		$ 54.95		$ 54.95
Service-based stock options, exercisable, weighted average price per option		$ 42.83		$ 42.83
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting installments				3
Beginning vesting term				three years after date of grant
Warnaco acquisition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warnaco employee replacement stock awards	$ 39,752		$ 39,752
Assumptions used to estimate fair value of service-based stock options and performance share units [Abstract]
Expected term				1 year 8 months 12 days
Warnaco acquisition [Member] | Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting installments				3
Black-Scholes-Merton Model [Member]
Assumptions used to estimate fair value of service-based stock options and performance share units [Abstract]
Risk-free interest rate				1.05%	1.20%
Expected Company volatility				45.20%	45.16%
Expected annual dividends per share				$ 0.15	$ 0.15
Estimated fair value per option				$ 51.51	$ 40.59
Black-Scholes-Merton Model [Member] | Warnaco acquisition [Member]
Assumptions used to estimate fair value of service-based stock options and performance share units [Abstract]
Risk-free interest rate				0.24%
Expected Company volatility				29.40%
Expected annual dividends per share				$ 150.00
Estimated fair value per option				$ 40,600.00

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FAIR VALUE MEASUREMENTS (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended				3 Months Ended		6 Months Ended
	Aug. 04, 2013	Aug. 04, 2013	Jul. 29, 2012	Feb. 03, 2013	Jan. 29, 2012	Oct. 28, 2012 Tommy Hilfiger India License [Member]	Aug. 04, 2013 Tommy Hilfiger India License [Member]	Aug. 04, 2013 Tommy Hilfiger India License [Member] Initial Term [Member]	Aug. 04, 2013 Tommy Hilfiger India License [Member] Extended Term [Member]	Aug. 04, 2013 Tommy Hilfiger India License [Member] Due Within [Member]	Aug. 04, 2013 Tommy Hilfiger India License [Member] Period Length [Member]	Aug. 04, 2013 Fair Value, Inputs, Level 2 [Member]	Feb. 03, 2013 Fair Value, Inputs, Level 2 [Member]	Jul. 29, 2012 Fair Value, Inputs, Level 2 [Member]	Aug. 04, 2013 Fair Value, Inputs, Level 3 [Member]	Feb. 03, 2013 Fair Value, Inputs, Level 3 [Member]	Jul. 29, 2012 Fair Value, Inputs, Level 3 [Member]	Aug. 04, 2013 Portion at Fair Value, Fair Value Disclosure [Member]	Feb. 03, 2013 Portion at Fair Value, Fair Value Disclosure [Member]	Jul. 29, 2012 Portion at Fair Value, Fair Value Disclosure [Member]	Aug. 04, 2013 Carrying (Reported) Amount, Fair Value Disclosure [Member]	Feb. 03, 2013 Carrying (Reported) Amount, Fair Value Disclosure [Member]	Jul. 29, 2012 Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward exchange contracts, assets	$ 2,110	$ 2,110	$ 18,828	$ 4,693								$ 2,110	$ 4,693	$ 18,828
Interest rate contracts, assets	4,110	4,110	45									4,110		45
Total Assets	6,220	6,220	18,873	4,693								6,220	4,693	18,873
Foreign currency forward exchange contracts, liabilities	5,107	5,107	1,515	13,460								5,107	13,460	1,515
Interest rate contracts, liabilities	8,097	8,097	6,729	5,058								8,097	5,058	6,729
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India	6,649	6,649	9,021	7,003											6,649	7,003	9,021
Total Liabilities	19,853	19,853	17,265	25,521								13,204	18,518	8,244	6,649	7,003	9,021
Cash and cash equivalents																		628,920	892,209	261,986	628,920	892,209	261,986
Short-term borrowings																		3,447	10,847	52,791	3,447	10,847	52,791
Long-term debt (including portion classified as current)																		4,358,547	2,398,200	1,886,289	4,280,151	2,299,642	1,803,485
Contingent Consideration Limit							25,000
Contingent purchase price payments		26,734	25,749			185
Contingent Purchase Price Term								5 years	6 years
Contingent purchase price payment terms										60 days	1 year
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Contingent purchase price payments, balance	6,649	6,649	9,021	7,003	9,559
Payments		0	0
Adjustments included in earnings		(354)	(538)
Compounded Annual Net Sales Growth Rate	45.00%
Fair Value Inputs Discount Rate	20.00%
Effect of five-percentage-point decrease in discount rate on liability, increase of	1,000
Effect of five-percentage-point increase or decrease on annual net sales growth rate	$ 1,000