78239--4/14/2006--PHILLIPS_VAN_HEUSEN_CORP_/DE/

related topics
{customer, product, revenue}
{property, intellectual, protect}
{condition, economic, financial}
{personnel, key, retain}
{provision, law, control}
{interest, director, officer}
{cost, operation, labor}
{stock, price, share}
{competitive, industry, competition}
{debt, indebtedness, cash}
{product, market, service}
{stock, price, operating}
{product, liability, claim}
Our substantial level of debt could impair our financial condition. We may not be able to continue to realize revenue growth from Calvin Klein. A substantial portion of our revenues and gross profit is derived from a small number of large customers and the loss of any of these customers could substantially reduce our revenues. Our business could be adversely affected by financial instability experienced by our customers. We primarily use foreign suppliers for our products and raw materials, which poses risks to our business operations. If our manufacturers fail to use acceptable ethical business practices, our business could suffer. Our reliance on independent manufacturers could cause delay and damage customer relationships. A significant portion of our revenues is dependent on royalties and licensing. Our retail stores are heavily dependent on the ability and desire of consumers to travel and shop. We may be unable to protect our trademarks and other intellectual property rights. The success of Calvin Klein depends on the value of our Calvin Klein brands, and if the value of those brands were to diminish, our business could be adversely affected. Our success is dependent on the strategies and reputation of our licensors. Our revenues and profits are cyclical and sensitive to general economic conditions, consumer confidence and spending patterns. We face intense competition in the apparel industry. The loss of members of our executive management and other key employees could have a material adverse effect on our business. Acquisitions may not be successful in achieving intended benefits and synergies. Our segment reporting has changed and the SEC may request further changes that would require us to restate segment information that appears in the notes to our financial statements. Future sales of our common stock may depress our stock price. Our stockholder rights plan, provisions in our certificate of incorporation and our by-laws and Delaware General Corporate Law could make it more difficult to acquire us and may reduce the market price of our common stock. Significant influence by certain stockholders.

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