Dear Stakeholders,

The culture at Phillips-Van Heusen Corporation (PVH) has always embraced the concept that our performance as a company must be measured by more than just our bottom line. At the same time, as a public company, we recognize that producing appropriate returns for our stockholders must be our first priority and that strong financial results give us the resources to be a solid corporate citizen.

There are compelling incentives to invest in being a good corporate citizen. Genuine commitment to corporate responsibility builds goodwill in the communities where we live and operate. It strengthens our connection with our associates and makes PVH a more attractive place to work. It reduces our impact on the environment, leading to a more efficient, safe and sustainable operation. And it makes our brands and products more appealing to our customers. All of this builds stockholder value.

At PVH, we value:

• Strong corporate governance and high standards of ethics and integrity
• Transparency and accountability with respect to our financial results, as well as our business policies and practices
• A productive, diverse and satisfied workforce
• Responsibility to the communities where we live and conduct business
• Respect for human rights and fair labor conditions for the people who produce our products around the world
• Conscientious environmental practices to promote a sustainable, efficient operation

We believe that our long-term success is dependent upon our ability to remain true to our principles and ethics in good times as well as in the most challenging times. Our decision in 2008 to produce our first Corporate Social Responsibility (CSR) Report in the face of a significantly deteriorating macroeconomic environment clearly demonstrates our commitment to our core values.

We recognize that transparency is essential in order to make progress on the challenges facing our company, our industry and the world. Issuing this report moves PVH to the next level in our CSR efforts by publicly committing to key goals, as well as allowing us to communicate our vision, standards, accomplishments and challenges.

We welcome stakeholders to become more engaged, to share ideas and to express concerns. Foremost among the stakeholders we serve are the more than 10,000 PVH associates around the world. We realize that CSR issues are important to them and appreciate their desire to be better informed about their company’s efforts and their desire to become more engaged in order to make a difference.

In the current difficult economic environment, it is critical that our standards are never compromised and that we do not lose sight of what makes PVH a good corporate citizen. On the contrary, it is in these volatile and uncertain times that our values must be reinforced. With that in mind, we respectfully present our first annual CSR Report. We look forward to receiving your feedback and we will continue to use this process to identify issues and refine our CSR policies and practices.

Emanuel Chirico
Chairman and Chief Executive Officer