Kate Spade & Co (KATE) 10-Q7 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 28, 2013	Oct. 25, 2013
Document and Entity Information	'	'
Entity Registrant Name	'Fifth & Pacific Companies, Inc.	'
Entity Central Index Key	'0000352363	'
Document Type	'10-Q	'
Document Period End Date	28-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-28	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	122,743,809
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012
In Thousands, unless otherwise specified	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012
Current Assets:	'	'	'
Cash and cash equivalents	$6,832	$59,402	$31,221
Accounts receivable - trade, net	121,833	121,591	126,655
Inventories, net	310,638	220,538	245,578
Deferred income taxes	806	1,259	170
Other current assets	58,846	49,466	47,917
Total current assets	498,955	452,256	451,541
Property and Equipment, Net	244,471	219,963	224,587
Goodwill	52,679	60,223	1,574
Intangibles, Net	122,602	131,350	116,623
Deferred Income Taxes	64	65	'
Other Assets	38,241	38,666	49,027
Total Assets	957,012	902,523	843,352
Current Liabilities:	'	'	'
Short-term borrowings	137,440	4,345	4,681
Convertible Senior Notes	'	18,287	28,687
Accounts payable	217,754	174,705	168,849
Accrued expenses	209,370	217,464	215,001
Income taxes payable	1,326	932	794
Deferred income taxes	'	116	16
Total current liabilities	565,890	415,849	418,028
Long-Term Debt	391,279	383,662	384,841
Other Non-Current Liabilities	198,878	208,916	216,957
Deferred Income Taxes	21,680	21,026	15,724
Commitments and Contingencies (Note 11)	'	'	'
Stockholders' Deficit:	'	'	'
Preferred stock, $0.01 par value, authorized shares - 50,000,000, issued shares - none	'	'	'
Common stock, $1.00 par value, authorized shares - 250,000,000, issued shares - 176,437,234	176,437	176,437	176,437
Capital in excess of par value	151,572	147,018	147,137
Retained earnings	838,027	1,071,551	1,094,421
Accumulated other comprehensive loss	-17,201	-10,074	-5,854
Total Fifth & Pacific Companies, Inc. stockholders' deficit, excluding treasury stock	1,148,835	1,384,932	1,412,141
Common stock in treasury, at cost - 53,750,374, 59,851,190 and 63,237,133 shares	-1,369,550	-1,511,862	-1,604,339
Total stockholders' deficit	-220,715	-126,930	-192,198
Total Liabilities and Stockholders' Deficit	$957,012	$902,523	$843,352

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01	$0.01
Preferred stock, authorized shares	50,000,000	50,000,000	50,000,000
Preferred stock, issued shares	0	0	0
Common stock, par value (in dollars per share)	$1	$1	$1
Common stock, authorized shares	250,000,000	250,000,000	250,000,000
Common stock, issued shares	176,437,234	176,437,234	176,437,234
Common stock in treasury, shares	53,750,374	59,851,190	63,237,133

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS	'	'	'	'
Net Sales	$430,604	$364,556	$1,184,367	$1,018,561
Cost of goods sold	187,460	161,439	521,357	445,620
Gross Profit	243,144	203,117	663,010	572,941
Selling, general & administrative expenses	242,167	203,398	701,289	643,707
Impairment of intangible asset	3,300	'	3,300	'
Operating Loss	-2,323	-281	-41,579	-70,766
Other (expense) income, net	1,361	-1,038	-1,462	1,479
Impairment of cost investment	'	'	-6,109	'
Loss on extinguishment of debt	-599	-3,023	-1,707	-8,669
Interest expense, net	-12,087	-13,228	-36,062	-37,836
Loss Before Provision for Income Taxes	-13,648	-17,570	-86,919	-115,792
Provision for income taxes	1,253	1,823	3,862	4,882
Loss from Continuing Operations	-14,901	-19,393	-90,781	-120,674
Discontinued operations, net of income taxes	-1,965	592	-21,396	-10,865
Net Loss	($16,866)	($18,801)	($112,177)	($131,539)
Basic and Diluted	'	'	'	'
Loss from Continuing Operations (in dollars per share)	($0.12)	($0.17)	($0.75)	($1.12)
Net Loss (in dollars per share)	($0.14)	($0.17)	($0.93)	($1.22)
Weighted Average Shares, Basic and Diluted (in shares)	122,396	113,109	120,480	107,692

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS	'	'	'	'
Net Loss	($16,866)	($18,801)	($112,177)	($131,539)
Other Comprehensive (Loss) Income, Net of Income Taxes:	'	'	'	'
Cumulative translation adjustment	257	247	-7,671	229
Unrealized losses on available-for-sale securities, net of income taxes of $0	'	-114	'	-159
Change in fair value of cash flow hedges, net of income tax expense (benefit) of $333, $0, $(288) and $0, respectively	-469	'	544	'
Comprehensive Loss	($17,078)	($18,668)	($119,304)	($131,469)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS	'	'	'	'
Unrealized losses on available-for-sale securities, income taxes	$0	$0	$0	$0
Change in fair value of cash flow hedges, income tax expense (benefit)	($288)	$0	$333	$0

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
Cash Flows from Operating Activities:	'	'
Net loss	($112,177)	($131,539)
Adjustments to arrive at loss from continuing operations	21,396	10,865
Loss from continuing operations	-90,781	-120,674
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:	'	'
Depreciation and amortization	52,295	54,783
Impairment of intangible asset	3,300	'
Loss on asset disposals and impairments, including streamlining initiatives, net	9,392	31,378
Share-based compensation	5,206	7,157
Loss on extinguishment of debt	1,707	8,669
Foreign currency losses (gains), net	6,870	-174
Other, net	1,051	112
Changes in assets and liabilities:	'	'
Increase in accounts receivable - trade, net	-1,290	-6,851
Increase in inventories, net	-92,665	-51,950
(Increase) decrease in other current and non-current assets	-12,918	5,187
Increase in accounts payable	44,812	26,944
Decrease in accrued expenses and other non-current liabilities	-27,070	-29,933
Net change in income tax assets and liabilities	2,982	3,844
Net cash used in operating activities of discontinued operations	-25,065	-15,773
Net cash used in operating activities	-122,174	-87,281
Cash Flows from Investing Activities:	'	'
Proceeds from sale of property and equipment	20,264	'
Purchases of property and equipment	-77,787	-55,180
Payments for in-store merchandise shops	-2,479	-1,767
Investments in and advances to equity investees	-5,500	-5,000
Net proceeds from disposition	4,000	'
Other, net	101	236
Net cash used in investing activities of discontinued operations	-2,234	'
Net cash used in investing activities	-63,635	-61,711
Cash Flows from Financing Activities:	'	'
Proceeds from borrowings under revolving credit agreement	495,696	113,389
Repayment of borrowings under revolving credit agreement	-359,543	-113,389
Proceeds from issuance of Senior Secured Notes	'	164,540
Repayment of Euro Notes	'	-158,027
Proceeds from capital lease	8,673	'
Principal payments under capital lease obligations	-3,747	-3,331
Proceeds from exercise of stock options	2,326	6,049
Payment of deferred financing fees	-5,271	-6,064
Net cash provided by financing activities	138,134	3,167
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-4,895	-2,890
Net Change in Cash and Cash Equivalents	-52,570	-148,715
Cash and Cash Equivalents at Beginning of Period	59,402	179,936
Cash and Cash Equivalents at End of Period	$6,832	$31,221

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 28, 2013
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	1. BASIS OF PRESENTATION

	The Condensed Consolidated Financial Statements of Fifth & Pacific Companies, Inc. and its wholly-owned and majority-owned subsidiaries (the “Company”) included herein have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted from this report, as is permitted by such rules and regulations; however, the Company believes that its disclosures are adequate to make the information presented not misleading. It is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2012 Annual Report on Form 10-K. Information presented as of December 29, 2012 is derived from audited financial statements.

	The Company’s segment reporting structure reflects a brand-focused approach, designed to optimize the operational coordination and resource allocation of the Company’s businesses across multiple functional areas including specialty retail, retail outlets, concessions, wholesale apparel, wholesale non-apparel, e-commerce and licensing. The four reportable segments described below represent the Company’s brand-based activities for which separate financial information is available and which is utilized on a regular basis by the Company’s chief operating decision maker (“CODM”) to evaluate performance and allocate resources. In identifying the Company’s reportable segments, the Company considered economic characteristics, as well as products, customers, sales growth potential and long-term profitability. As such, the Company reports its operations in four reportable segments, as follows:

	· JUICY COUTURE segment – consists of the specialty retail, outlet, concession, wholesale apparel, wholesale non-apparel (including accessories, jewelry and handbags), e-commerce and licensing operations of the JUICY COUTURE brand.
	· KATE SPADE segment – consists of the specialty retail, outlet, concession, wholesale apparel, wholesale non-apparel, e-commerce and licensing operations of the KATE SPADE, KATE SPADE SATURDAY and JACK SPADE brands.
	· LUCKY BRAND segment – consists of the specialty retail, outlet, wholesale apparel, wholesale non-apparel, e-commerce and licensing operations of LUCKY BRAND.
	· Adelington Design Group segment (*) – consists of: (i) exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; (ii) the wholesale non-apparel operations of the TRIFARI brand and licensed KENSIE brand; (iii) the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands; and (iv) the licensed LIZ CLAIBORNE NEW YORK brand.


	(*) The Company’s agreement to supply DANA BUCHMAN branded jewelry to Kohl’s Corporation (“Kohl’s”) expired on October 11, 2013.

	The operations of the Company’s former licensed DKNY ® Jeans family of brands concluded in January 2012 and were included in the results of the Adelington Design Group segment.

	The activities of the Company’s former global Mexx business, its KENSIE, KENSIE GIRL and MAC & JAC brands, closed LIZ CLAIBORNE concessions in Europe and closed MONET concessions in Europe have been segregated and reported as discontinued operations for all periods presented. The Company continues activities with the LIZ CLAIBORNE family of brands, MONET brand and DANA BUCHMAN brand until the expiration of the supply agreement with Kohl’s on October 11, 2013 and therefore the activities of those brands have not been presented as discontinued operations.

	Summarized financial data for the aforementioned brands that are classified as discontinued operations are provided in Note 3 – Discontinued Operations.

	On October 31, 2012, the Company acquired the 51.0% interest (“KSJ Buyout”) held by Sanei International Co., Ltd (“Sanei”) in Kate Spade Japan Co., Ltd. (“KSJ”). KSJ was a joint venture that was formed between Sanei and KATE SPADE in August 2009. KSJ operated the KATE SPADE, KATE SPADE SATURDAY and JACK SPADE businesses in Japan, and KATE SPADE will continue to operate such businesses in Japan through its Japanese subsidiary. The purchase price for the KSJ Buyout was $41.0 million, net of $0.4 million of cash acquired (see Note 2 – Acquisition).

	In the opinion of management, the information furnished reflects all adjustments, all of which are of a normal recurring nature, necessary for a fair presentation of the results for the reported interim periods. Results of operations for interim periods are not necessarily indicative of results for the full year. Management has evaluated events or transactions that have occurred from the balance sheet date through the date the Company issued these financial statements (see Note 21 – Subsequent Events).

	NATURE OF OPERATIONS

	Fifth & Pacific Companies, Inc. is engaged primarily in the design and marketing of a broad range of apparel and accessories. The Company’s fiscal year ends on the Saturday closest to December 31. The 2013 fiscal year, ending December 28, 2013, reflects a 52-week period, resulting in a 13-week, three-month period and a 39-week, nine-month period for the third quarter. The 2012 fiscal year, ending December 29, 2012, reflects a 52-week period, resulting in a 13-week, three-month period and a 39-week, nine-month period for the third quarter.

	PRINCIPLES OF CONSOLIDATION

	The Condensed Consolidated Financial Statements include the accounts of the Company. All inter-company balances and transactions have been eliminated in consolidation.

	USE OF ESTIMATES AND CRITICAL ACCOUNTING POLICIES

	The Company’s critical accounting policies are those that are most important to the portrayal of its financial condition and results of operations in conformity with US GAAP. These critical accounting policies are applied in a consistent manner. The Company’s critical accounting policies are summarized in Note 1 of Notes to Consolidated Financial Statements included in its Annual Report on Form 10-K for the fiscal year ended December 29, 2012.

	The application of critical accounting policies requires that the Company make estimates and assumptions about future events and apply judgments that affect the reported amounts of revenues and expenses. Estimates by their nature are based on judgments and available information. Therefore, actual results could materially differ from those estimates under different assumptions and conditions. The Company continues to monitor the critical accounting policies to ensure proper application of current rules and regulations. During the third quarter of 2013, there were no significant changes in the critical accounting policies discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 29, 2012.

	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

	On December 30, 2012, the first day of the Company’s 2013 fiscal year, the Company adopted new accounting guidance on testing indefinite-lived intangible assets for impairment, which provides an entity the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount. The adoption of the new accounting guidance did not affect the Company’s financial position, results of operations or cash flows.

	On December 30, 2012, the Company adopted new accounting guidance on comprehensive income, which requires an entity to prospectively provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, but only if the amount reclassified is required under US GAAP to be reclassified to net income in its entirety in the same reporting period. The adoption of the new accounting guidance did not affect the Company’s financial position, results of operations or cash flows, but required additional disclosure (see Note 4 – Stockholders’ Deficit).

ACQUISITION

ACQUISITION	9 Months Ended
ACQUISITION	Sep. 28, 2013
ACQUISITION	'
ACQUISITION	'
	2. ACQUISITION

	On October 31, 2012, a subsidiary of the Company acquired the remaining 51.0% interest in KSJ held by Sanei. KSJ was a joint venture that was formed between Sanei and KATE SPADE in August 2009. KSJ operated the KATE SPADE, KATE SPADE SATURDAY and JACK SPADE businesses in Japan, and the Company continues to operate such businesses in Japan through its Japanese subsidiary.

	The purchase price for KSJ, including post-closing adjustments was 3.308 billion yen or $41.4 million.

	Prior to obtaining control on October 31, 2012, the Company accounted for the investment in KSJ under the equity method. Upon obtaining control, the transaction was accounted for as an “acquisition achieved in stages,” in accordance with US GAAP. Accordingly, the Company re-measured the previously held equity interest in KSJ and adjusted it to fair value utilizing an income approach based on expected future after tax cash flows of KSJ discounted to reflect risk associated with those cash flows and a market approach based on earnings and revenue multiples that other purchasers in the market would have paid for that business. The fair value of the Company’s equity interest at the acquisition date was $47.2 million. The difference between the fair value of the Company’s ownership in KSJ and the Company’s carrying value of its investment of $7.1 million resulted in the recognition of a gain of $40.1 million in the fourth quarter of 2012. The results of operations for KSJ have been included in the Company’s consolidated results since October 31, 2012. KSJ generated $72.4 million of net sales and $2.2 million of net loss for the nine months ended September 28, 2013 and $24.9 million of net sales and $0.7 million of net loss for the three months ended September 28, 2013. KSJ also generated $5.2 million and $3.0 million of incremental Adjusted EBITDA for the nine and three months ended September 28, 2013. Adjusted EBITDA is the Company’s measure of segment profitability, as discussed in Note 15 – Segment Reporting.

	The allocation of the purchase price to the assets acquired and liabilities assumed was based upon the estimated fair values at the date of acquisition. The excess of the purchase price over the net tangible and identifiable intangible assets is reflected as goodwill. Accordingly, the Company recorded $63.4 million of goodwill, which is reflected in the KATE SPADE reportable segment. None of the recorded goodwill is deductible for income tax purposes.

	The following unaudited pro forma financial information for the nine and three months ended September 29, 2012 reflects the results of continuing operations of the Company as if the KSJ Buyout had been completed on January 1, 2012. Pro forma adjustments have been made for changes in depreciation and amortization expenses related to the valuation of the acquired tangible and intangible assets at fair value, the elimination of non-recurring items and the addition of incremental costs related to debt used to finance the acquisition.

		Nine Months Ended		Three Months Ended
	In thousands, except per share amounts	September 29, 2012		September 29, 2012
	In thousands, except per share amounts	(39 Weeks)		(13 Weeks)

	Net sales	$ 1,084,329		$ 387,086
	Gross profit	616,541		217,865
	Operating (loss) income	(67,284	)	56
	Loss before provision for income taxes	(112,723	)	(17,350	)
	Loss from continuing operations	(119,016	)	(19,236	)
	Diluted loss per share from continuing operations	(1.11	)	(0.17	)

	The unaudited pro forma financial information is presented for information purposes only. It is not necessarily indicative of what the Company’s financial position or results of operations actually would have been if the Company completed the acquisition at the dates indicated, nor does it purport to project the Company’s future financial position or operating results.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 28, 2013
DISCONTINUED OPERATIONS	'
DISCONTINUED OPERATIONS	'
	3. DISCONTINUED OPERATIONS

	The Company has completed various disposal transactions including: (i) the closure of the LIZ CLAIBORNE concessions in Europe in the first quarter of 2011; (ii) the closure of the MONET concessions in Europe in December 2011; (iii) the sale of an 81.25% interest in the former global Mexx business in October 2011; and (iv) the sale of the KENSIE, KENSIE GIRL and MAC & JAC trademarks in October 2011.

	The Company recorded pretax charges (income) of $19.2 million and $7.9 million during the nine months ended September 28, 2013 and September 29, 2012, respectively, and $1.5 million and $(1.0) million during the three months ended September 28, 2013 and September 29, 2012, respectively, to reflect the estimated difference between the carrying value of the net assets disposed and their estimated fair value, less costs to dispose, including transaction costs.

	Summarized results of discontinued operations are as follows:

		Nine Months Ended						Three Months Ended
		September 28,			September 29,			September 28,			September 29,
		2013			2012			2013			2012
		(39 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	In thousands
	Net sales	$	(23	)	$	1,615		$	(1	)	$	(159	)

	Loss before (benefit) provision for income taxes	$	(2,275	)	$	(4,837	)	$	(443	)	$	(364	)
	(Benefit) provision for income taxes	(128		)	(1,867		)	14			20
	Loss from discontinued operations, net of income taxes	$	(2,147	)	$	(2,970	)	$	(457	)	$	(384	)

	(Loss) income on disposal of discontinued operations, net of income taxes	$	(19,249	)	$	(7,895	)	$	(1,508	)	$	976

	For the nine months ended September 28, 2013 and September 29, 2012, the Company recorded charges of $0.5 million and $5.1 million, respectively, and $0.4 million for the three months ended September 28, 2013, related to its streamlining initiatives within Discontinued operations, net of income taxes.

STOCKHOLDERS_DEFICIT

STOCKHOLDERS' DEFICIT	9 Months Ended
	Sep. 28, 2013
STOCKHOLDERS' DEFICIT	'
STOCKHOLDERS' DEFICIT	'
	4. STOCKHOLDERS’ DEFICIT

	Activity for the nine months ended September 28, 2013 in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts was as follows:

	In thousands	Capital in Excess			Retained			Common Stock in
		of Par Value			Earnings			Treasury, at Cost
	Balance as of December 29, 2012	$	147,018		$	1,071,551		$	(1,511,862	)
	Net loss	--			(112,177		)	--
	Exercise of stock options	--			(3,773		)	6,099
	Restricted shares issued, net of cancellations and shares withheld for taxes	--			(5,344		)	3,212
	Share-based compensation	5,206			--			--
	Exchanges of Convertible Senior Notes, net	(652		)	(112,230		)	133,001
	Balance as of September 28, 2013	$	151,572		$	838,027		$	(1,369,550	)




	Activity for the nine months ended September 29, 2012 in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts was as follows:

	In thousands	Capital in Excess			Retained			Common Stock in
		of Par Value			Earnings			Treasury, at Cost
	Balance as of December 31, 2011	$	302,330		$	1,246,063		$	(1,827,892	)
	Net loss	--			(131,539		)	--
	Exercise of stock options	(10,642		)	(2,197		)	18,888
	Restricted shares issued, net of cancellations and shares withheld for taxes	(3,951		)	(142		)	2,772
	Share-based compensation	7,157			--			--
	Dividend equivalent units vested	--			(2		)	2
	Exchange of Convertible Senior Notes, net	(147,757		)	(17,762		)	201,891
	Balance as of September 29, 2012	$	147,137		$	1,094,421		$	(1,604,339	)

	Accumulated other comprehensive (loss) income consisted of the following:

	In thousands	September 28,			December 29,			September 29,
		2013			2012			2012
	Cumulative translation adjustment	$	(17,745	)	$	(10,074	)	$	(5,855	)
	Unrealized gains on cash flow hedging derivatives, net of income tax expense of $333	544			--			--
	Unrealized gains on available-for-sale securities, net of income taxes of $0	--			--			1
	Accumulated other comprehensive loss, net of income taxes	$	(17,201	)	$	(10,074	)	$	(5,854	)

	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the nine months ended September 28, 2013:

	In thousands	Cumulative Translation				Unrealized Gains on
		Adjustment				Cash Flow Hedging
						Derivatives
	Balance as of December 29, 2012		$	(10,074	)		$	--
	Other comprehensive (loss) income before reclassification		(7,671		)		1,099
	Amounts reclassified from accumulated other comprehensive income		--				(555		)
	Net current-period other comprehensive (loss) income		(7,671		)		544
	Balance as of September 28, 2013		$	(17,745	)		$	544

	The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended September 28, 2013:


	In thousands	Cumulative Translation				Unrealized Gains on
		Adjustment				Cash Flow Hedging
						Derivatives
	Balance as of June 29, 2013		$	(18,002	)		$	1,013
	Other comprehensive income (loss) before reclassification		257				(101		)
	Amounts reclassified from accumulated other comprehensive income		--				(368		)
	Net current-period other comprehensive (loss) income		257				(469		)
	Balance as of September 28, 2013		$	(17,745	)		$	544

INVENTORIES_NET

INVENTORIES, NET	9 Months Ended
INVENTORIES, NET	Sep. 28, 2013
INVENTORIES, NET	'
INVENTORIES, NET	'
	5. INVENTORIES, NET

	Inventories, net consisted of the following:

	In thousands	September 28, 2013			December 29, 2012			September 29, 2012
	Raw materials and work in process		$	1,999		$	299		$	195
	Finished goods		308,639			220,239			245,383
	Total inventories, net		$	310,638		$	220,538		$	245,578

PROPERTY_AND_EQUIPMENT_NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 28, 2013
PROPERTY AND EQUIPMENT, NET	'
PROPERTY AND EQUIPMENT, NET	'
	6. PROPERTY AND EQUIPMENT, NET

	Property and equipment, net consisted of the following:

	In thousands	September 28, 2013			December 29, 2012			September 29, 2012
	Land and buildings (a)		$	9,300		$	45,988		$	48,893
	Machinery and equipment		209,196			233,742			229,686
	Furniture and fixtures		142,707			131,181			137,839
	Leasehold improvements		269,515			258,527			257,969
			630,718			669,438			674,387
	Less: Accumulated depreciation and amortization		386,247			449,475			449,800
	Total property and equipment, net		$	244,471		$	219,963		$	224,587


	(a) The decrease in the balance compared to September 29, 2012 reflected the sale and leaseback of the Company’s North Bergen, NJ office and West Chester, OH distribution center (the “Ohio Facility”).

	Depreciation and amortization expense on property and equipment for the nine months ended September 28, 2013 and September 29, 2012 was $42.7 million and $42.9 million, respectively, which included depreciation for property and equipment under capital leases of $1.7 million and $2.2 million, respectively. Depreciation and amortization expense on property and equipment for the three months ended September 28, 2013 and September 29, 2012 was $14.4 million and $13.2 million, respectively, which included depreciation for property and equipment under capital leases of $0.7 million and $0.7 million, respectively. Property and equipment under capital leases was $31.9 million as of September 28, 2013 and $22.6 million as of December 29, 2012 and September 29, 2012.

	During the third quarter of 2013, the Company sold the Ohio Facility for net proceeds of $20.3 million and entered into a sale-leaseback arrangement with the buyer for a 10-year term, which was classified as an operating lease. The Company realized a gain of $9.5 million associated with the sale-leaseback, which has been deferred and will be recognized as a reduction to Selling, general & administrative expenses (“SG&A”) over the lease term.

	During the second quarter of 2013, the Company sold its North Bergen, NJ office for net proceeds of $8.7 million. The Company entered into a sale-leaseback arrangement with the buyer for a 12-year term with two five-year renewal options, which was classified as a capital lease (see Note 11 – Commitments and Contingencies).

GOODWILL_AND_INTANGIBLES_NET

GOODWILL AND INTANGIBLES, NET	9 Months Ended
GOODWILL AND INTANGIBLES, NET	Sep. 28, 2013
GOODWILL AND INTANGIBLES, NET	'
GOODWILL AND INTANGIBLES, NET	'
	7. GOODWILL AND INTANGIBLES, NET

	The following tables disclose the carrying value of all intangible assets:

	In thousands		Weighted			28-Sep-13			29-Dec-12			29-Sep-12
			Average
			Amortization
			Period

	Amortized intangible assets:
	Gross carrying amount:
	Owned trademarks (a)		5 years			$	3,479		$	1,479		$	1,479
	Customer relationships		12 years			7,335			7,457			6,439
	Merchandising rights		4 years			17,188			19,174			17,578
	Reacquired rights (b)		3 years			12,131			13,797			--
	Other		4 years			2,322			2,322			2,322
	Subtotal					42,455			44,229			27,818
	Accumulated amortization:
	Owned trademarks					(1,475		)	(1,356		)	(1,316		)
	Customer relationships					(3,843		)	(3,138		)	(2,927		)
	Merchandising rights					(10,974		)	(13,131		)	(12,548		)
	Reacquired rights					(3,707		)	(812		)	--
	Other					(2,054		)	(1,942		)	(1,904		)
	Subtotal					(22,053		)	(20,379		)	(18,695		)
	Net:
	Owned trademarks					2,004			123			163
	Customer relationships					3,492			4,319			3,512
	Merchandising rights					6,214			6,043			5,030
	Reacquired rights					8,424			12,985			--
	Other					268			380			418
	Total amortized intangible assets, net					20,402			23,850			9,123

	Unamortized intangible assets:
	Owned trademarks (c)					102,200			107,500			107,500
	Total intangible assets					$	122,602		$	131,350		$	116,623

	Goodwill (b)					$	52,679		$	60,223		$	1,574


	(a)	The increase in the balance compared to September 29, 2012 reflected the reclassification of the fair value of the TRIFARI trademark, which was classified as an unamortized intangible asset prior to September 28, 2013.
	(b)	The increase in the balance compared to September 29, 2012 reflected the KSJ Buyout (see Note 2 – Acquisition).
	(c)	The decrease in the balance compared to September 29, 2012 reflected a non-cash impairment charge of $3.3 million in the Company’s Adelington Design Group segment related to the TRIFARI trademark and the reclassification of the remaining carrying value of such trademark to an amortized intangible asset as of September 28, 2013.

	Amortization expense of intangible assets was $5.7 million and $2.4 million for the nine months ended September 28, 2013 and September 29, 2012, respectively, and $1.9 million and $0.7 million for the three months ended September 28, 2013 and September 29, 2012, respectively.

	The estimated amortization expense for intangible assets for the next five fiscal years is as follows:

	Fiscal Year		Amortization Expense
	(In millions)
	2013		$ 6.2
	2014		6.4
	2015		5.2
	2016		1.9
	2017		1.1

	The changes in carrying amount of goodwill for the nine months ended September 28, 2013 were as follows:

	In thousands		KATE SPADE					Adelington					Total
	In thousands		KATE SPADE					Design Group					Total
	Balance as of December 29, 2012			$	58,669				$	1,554				$	60,223
	Translation adjustment			(7,493		)			(51		)			(7,544		)
	Balance as of September 28, 2013			$	51,176				$	1,503				$	52,679

The changes in carrying amount of goodwill for the nine months ended September 29, 2012 were as follows:


In thousands	Adelington					Total
In thousands	Design Group					Total
Balance as of December 31, 2011		$	1,519				$	1,519
Translation adjustment		55					55
Balance as of September 29, 2012		$	1,574				$	1,574

The Company completed its annual goodwill impairment tests as of the first day of the third quarter of 2013. No impairment was recognized as of that date.

INCOME_TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 28, 2013
INCOME TAXES	'
INCOME TAXES	'
	8. INCOME TAXES

	During 2013 and 2012, the Company continued to record a full valuation allowance on deferred tax assets in most jurisdictions due to the combination of its history of pretax losses and its inability to carry back tax losses or credits.

	The Company’s provision for income taxes for the nine and three months ended September 28, 2013 and September 29, 2012 primarily represented increases in deferred tax liabilities for indefinite-lived intangible assets, current tax on operations in certain jurisdictions and an increase in the accrual for interest related to uncertain tax positions.

	The number of years with open tax audits varies depending upon the tax jurisdiction. The major tax jurisdictions include the US, Japan, Canada and the United Kingdom. The Company is no longer subject to US Federal examination by the Internal Revenue Service (“IRS”) for the years before 2006 and, with a few exceptions, this applies to tax examinations by state authorities for the years before 2009. As a result of a US Federal tax law change extending the carryback period from two to five years and the Company’s carryback of its 2009 tax loss to 2004 and 2005, the IRS has the ability to re-open its past examinations of 2004 and 2005.

	The Company expects a reduction in the liability for unrecognized tax benefits by an amount between $1.2 million and $2.6 million within the next 12 months due to the expiration of the statute of limitations and various potential tax settlements. As of September 28, 2013, uncertain tax positions of $84.9 million exist, which would provide an effective rate impact in the future, if subsequently recognized.

DEBT_AND_LINES_OF_CREDIT

DEBT AND LINES OF CREDIT

9 Months Ended

Sep. 28, 2013

DEBT AND LINES OF CREDIT

9. DEBT AND LINES OF CREDIT

Long-term debt consisted of the following:

In thousands

28-Sep-13

29-Dec-12

29-Sep-12

6.0% Convertible Senior Notes, due June 2014 (a)

18,287

28,687

10.5% Senior Secured Notes, due April 2019

382,588

383,662

384,033

Revolving credit facility

136,233

Capital lease obligations (b)

9,898

4,345

5,489

Total debt

528,719

406,294

418,209

Less: Short-term borrowings (c)

137,440

4,345

4,681

Convertible Notes (d)

18,287

28,687

Long-term debt

391,279

383,662

384,841

(a)

The decrease in the balance compared to September 29, 2012 reflected the exchange of the remaining aggregate principal amount of the $90.0 million Convertible Senior Notes (the “Convertible Notes”) during the last 12 months. The balance at December 29, 2012 and September 29, 2012 represented principal of $19.9 million and $31.6 million, respectively and an unamortized debt discount of $1.6 million and $2.9 million, respectively.

(b)

The increase in the balance compared to September 29, 2012 primarily reflected the sale-leaseback for the office building in North Bergen, NJ during the second quarter of 2013.

(c)

At September 28, 2013, the balance consisted of outstanding borrowings under the Company’s amended and restated revolving credit facility (as amended to date, the “Amended Facility”) and obligations under capital leases. At December 29, 2012 and September 29, 2012, the balance consisted of obligations under capital leases.

(d)

The Convertible Notes were reflected as a current liability since they were convertible at December 29, 2012 and September 29, 2012.

Euro Notes

On July 6, 2006, the Company completed the issuance of the 350.0 million euro (or $446.9 million based on the exchange rate in effect on such date) 5.0% Notes due July 2013 (the “Euro Notes”), of which the Company repurchased 228.5 million euro aggregate principal amount of such notes prior to December 31, 2011.

In the first quarter of 2012, in a privately-negotiated transaction, the Company repurchased 40.0 million euro aggregate principal amount of the Euro Notes for total consideration of 40.6 million euro, plus accrued interest. The Company recognized a $0.8 million pretax loss on the extinguishment of debt in the first quarter of 2012.

On June 6, 2012, in a privately-negotiated transaction, the Company repurchased 28.6 million euro aggregate principal amount of the Euro Notes for total consideration of 29.6 million euro, plus accrued interest. The Company recognized a $1.3 million pretax loss on the extinguishment of debt in the second quarter of 2012.

On July 12, 2012, the Company completed the optional redemption of the remaining 52.9 million euro aggregate principal amount of Euro Notes for 55.4 million euro, plus accrued interest. The redemption was funded by a portion of the net proceeds from the Company’s issuance of $152.0 million aggregate principal amount of 10.5% Senior Secured Notes (the “Additional Notes”) in June 2012. The Company recognized a $3.0 million pretax loss on the extinguishment of debt in the third quarter of 2012.

Convertible Notes

On June 24, 2009, the Company issued the Convertible Notes. The Convertible Notes bore interest at a rate of 6.0% per year and were scheduled to mature on June 15, 2014. The Company used the net proceeds from this offering to repay $86.6 million of outstanding borrowings under the Amended Facility.

The Convertible Notes were convertible at an initial conversion rate of 279.6421 shares of the Company’s common stock per $1,000 principal amount of Convertible Notes (representing an initial conversion price of $3.576 per share of common stock), subject to adjustment in certain circumstances.

The Company separately accounted for the liability and equity components of the Convertible Notes in a manner that reflected the Company’s nonconvertible debt borrowing rate when interest was recognized in subsequent periods. The Company allocated $20.6 million of the $90.0 million principal amount of the Convertible Notes to the equity component and to debt discount. The debt discount was amortized into interest expense using the effective interest method. The Company’s effective interest rate on the Convertible Notes was 12.25%. Interest expense associated with the semi-annual interest payment and non-cash amortization of the debt discount was $0.6 million and $3.9 million for the nine months ended September 28, 2013 and September 29, 2012, respectively, and was $0.9 million for the three months ended September 29, 2012.

In 2012, holders of $49.4 million aggregate principal amount of the Convertible Notes entered agreements with the Company to convert all such outstanding Convertible Notes into 14,197,106 shares of the Company’s common stock. The Company paid accrued interest on the holders’ Convertible Notes through the settlement date in cash. The Company allocated $48.2 million of the aggregate consideration to the liability component and $6.2 million to the equity component.

On January 22, 2013, a holder of $11.2 million aggregate principal amount of the Convertible Notes converted all of such outstanding Convertible Notes into 3,171,670 shares of the Company’s common stock. The Company paid accrued interest on the holder’s Convertible Notes through the settlement date in cash. The Company allocated $11.3 million of the consideration to the liability component and $0.7 million to the equity component.

In July 2013, holders of the remaining $8.8 million aggregate principal amount of the Convertible Notes converted all of such outstanding Convertible Notes into 2,462,509 shares of the Company’s common stock. The Company paid accrued interest on the holders’ Convertible Notes through the settlement date in cash. The Company allocated $8.8 million of the consideration to the liability component and $0.3 million to the equity component. As of September 28, 2013, all of such Convertible Notes were converted into shares of the Company’s common stock and no Convertible Notes remained outstanding.

The Company recognized $1.7 million and $3.6 million pretax losses on the extinguishment of debt related to the Convertible Notes for the nine months ended September 28, 2013 and September 29, 2012, respectively, and a $0.6 million pretax loss on the extinguishment of debt related to the Convertible Notes for the three months ended September 28, 2013.

Senior Notes

On April 7, 2011, the Company completed an offering of $220.0 million principal amount of 10.5% Senior Secured Notes (the “Original Notes,” together with the Additional Notes, the “Senior Notes”). The Company used the net proceeds of $212.9 million from such issuance of the Original Notes primarily to fund a tender offer of 128.5 million euro aggregate principal amount of Euro Notes on April 8, 2011. The remaining proceeds were used for general corporate purposes. On June 8, 2012, the Company completed the offering of the Additional Notes, at 108.25% of par value. The Company used a portion of the net proceeds of $160.6 million from the offering of the Additional Notes to repay outstanding borrowings under its Amended Facility and to fund the redemption of 52.9 million euro aggregate principal amount of Euro Notes on July 12, 2012. The Company used the remaining proceeds to fund a portion of the KSJ Buyout.

The Senior Notes mature on April 15, 2019 and are guaranteed on a senior secured basis by certain of the Company’s current and future domestic subsidiaries. The Senior Notes and the guarantees are secured on a first-priority basis by a lien on certain of the Company’s trademarks and on a second-priority basis by the other assets of the Company and of the guarantors that secure the Company’s Amended Facility.

The indenture governing the Senior Notes contains provisions that may require the Company to offer to repurchase the Senior Notes at 101% of their aggregate principal amount upon certain defined “Change of Control” events. In addition, the indenture may require that the proceeds from sales of the Company’s assets (subject to various exceptions and the ability of the Company to apply the proceeds to repay indebtedness or reinvest in its business) be used to offer to repurchase the Senior Notes at 100% of their aggregate principal amount. The indenture also contains other standard high-yield debt covenants, which limit the Company’s ability to incur additional indebtedness, incur additional liens, make asset sales, make dividend payments and investments, make payments and other transfers between itself and its subsidiaries, enter into affiliate transactions and merge or consolidate with other entities.

Pursuant to a registration rights agreement executed as part of the offering of Original Notes, the Company agreed, on or before April 7, 2012, (i) to use reasonable best efforts to consummate an offer to issue new Senior Notes (having terms substantially identical to those of the Original Notes) whose issuance is registered with the SEC in exchange for the Original Notes (the “Original Notes Exchange Offer”); and (ii) if required, to have a shelf registration statement declared effective with respect to resales of the Original Notes.

The Company filed and had declared effective a registration statement on Form S-4 (the “Form S-4 Registration Statement”) registering the Original Notes Exchange Offer and on February 13, 2013 commenced the Original Notes Exchange Offer, which expired on March 15, 2013. Nevertheless, as a result of not having complied with the above-described registration requirements, pursuant to the terms of the registration rights agreement relating to the Original Notes, the Company was required to pay additional interest on the Original Notes until the Original Notes Exchange Offer was completed on March 20, 2013. Additional interest on the Original Notes began accruing on April 10, 2012 at a rate of 0.25% per annum, then increased by an incremental 0.25% per annum every 90 days thereafter, up to the maximum of 1.00% per annum and ceased accruing on March 20, 2013, when the Original Notes Exchange Offer was completed. All accrued and unpaid additional interest was paid on the Senior Notes issued in the Original Notes Exchange Offer on April 15, 2013 to holders of record on April 1, 2013.

Pursuant to a registration rights agreement executed as part of the offering of Additional Notes, the Company agreed, on or before October 15, 2012, (i) to use reasonable best efforts to consummate an offer to issue new Senior Notes (having terms substantially identical to those of the Additional Notes) whose issuance is registered with the SEC in exchange for the Additional Notes (the “Additional Notes Exchange Offer”); (ii) if required, to have a shelf registration statement declared effective with respect to resales of the Additional Notes; and (iii) complete the Original Notes Exchange Offer.

The Form S-4 Registration Statement also covered the Additional Notes Exchange Offer, which commenced on February 13, 2013 and expired on March 15, 2013. Nevertheless, as a result of not having complied with the above-described registration requirements, pursuant to the terms of the registration rights agreement relating to Additional Notes, the Company was required to pay additional interest on the Additional Notes until the Original Notes Exchange Offer and the Additional Notes Exchange Offer were completed. Additional interest on the Additional Notes began accruing on October 16, 2012 at a rate of 0.25% per annum and continued to accrue at that rate, then increased to 0.50% per annum after 90 days until the Additional Notes Exchange Offer was completed on March 20, 2013. All accrued and unpaid additional interest was paid on the Senior Notes issued in the Additional Notes Exchange Offer on April 15, 2013 to holders of record on April 1, 2013.

Amended Facility

In April 2013, the Company completed a third amendment to and restatement of the Amended Facility, which extended the maturity date from August 2014 to April 2018. Availability under the Amended Facility shall be the lesser of $350.0 million and a borrowing base that is computed monthly and comprised of the Company’s eligible cash, accounts receivable and inventory. The Amended Facility also includes a swingline subfacility of $55.0 million, a multicurrency subfacility of $100.0 million and the option to expand the facility by up to $100.0 million under certain specified conditions. A portion of the facility provided under the Amended Facility of up to $200.0 million is available for the issuance of letters of credit, and standby letters of credit may not exceed $65.0 million in the aggregate. The Amended Facility allows two borrowing options: one borrowing option with interest rates based on euro currency rates and a second borrowing option with interest rates based on the alternate base rate, as defined in the Amended Facility, with a spread based on the aggregate availability under the Amended Facility.

The Amended Facility is guaranteed by substantially all of the Company’s domestic subsidiaries and certain of the Company’s foreign subsidiaries and secured by a first priority lien on substantially all of the assets of the Company and the other borrowers and guarantors (other than certain trademark collateral in which the holders of the Company’s Senior Notes have a first priority lien, which trademark collateral secures the obligations under the Amended Facility on a second priority lien basis).

The Amended Facility restricts the Company’s ability to, among other things, incur indebtedness, grant liens, issue cash dividends, enter into mergers, consolidations, liquidations and dissolutions, change lines of business, make investments and acquisitions and sell assets, in each case subject to certain designated exceptions. In addition, the amended terms and conditions: (i) provide for a decrease in fees and interest rates (including eurocurrency spreads of 1.75% to 2.25% over LIBOR, depending on the level of availability); (ii) provide improved advance rates on eligible inventory; (iii) require the Company to maintain pro forma compliance with a fixed charge coverage ratio of 1.0:1.0 on a trailing 12 month basis if minimum aggregate borrowing availability falls below $35.0 million, or 10.0% of the commitments then in effect; (iv) require the Company to apply substantially all cash collections to reduce outstanding borrowings under the Amended Facility when availability under such facility falls below the greater of $40.0 million and 12.5% of the lesser of the borrowing base and aggregate commitments; (v) permit the acquisition of certain joint venture interests and certain distribution territories; (vi) decrease specified aggregate availability conditions to making certain other investments; and (vii) permit certain other acquisitions, investments, restricted payments, debt prepayments and incurrence of unsecured indebtedness if the Company is able to satisfy specified payment conditions.

The funds available under the Amended Facility may be used for working capital and for general corporate purposes, including refinancing, repayment, repurchase and cash settlement of certain existing indebtedness. Acquisitions and other investments are permitted, subject to certain payment conditions. The Amended Facility contains customary events of default clauses and cross-default provisions with respect to the Company’s other outstanding indebtedness, including the Senior Notes.

The Company currently believes that the financial institutions under the Amended Facility are able to fulfill their commitments, although such ability to fulfill commitments will depend on the financial condition of the Company’s lenders at the time of borrowing.

As of September 28, 2013, availability under the Company’s Amended Facility was as follows:

In thousands

Total

Borrowing

Outstanding

Letters of

Available

Excess

Facility (a)

Base (a)

Borrowings

Credit Issued

Capacity

Capacity (b)

Revolving credit facility (a)

$350,000

$341,329

$136,233

$19,513

$185,583

$150,583

(a)

Availability under the Amended Facility is the lesser of $350.0 million or a borrowing base comprised primarily of eligible cash, accounts receivable and inventory.

(b)

Excess capacity represents available capacity reduced by the minimum required aggregate borrowing availability under the Amended Facility of $35.0 million.

Capital Lease Obligations

In the second quarter of 2013, the Company entered into a sale-leaseback agreement for its office building in North Bergen, NJ, which included a sale price of $8.7 million and total lease payments of $26.9 million over a 12-year lease term. As of September 28, 2013, the Company’s capital lease obligations of $9.9 million included $1.2 million of short-term debt.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 28, 2013
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	10. FAIR VALUE MEASUREMENTS

	The Company utilizes the following three level hierarchy that defines the assumptions used to measure certain assets and liabilities at fair value:

	Level 1 –	Quoted market prices in active markets for identical assets or liabilities;
	Level 2 –	Inputs other than Level 1 inputs that are either directly or indirectly observable; and
	Level 3 –	Unobservable inputs developed using estimates and assumptions developed by the Company, which reflect those that a market participant would use.

	The following table presents the financial assets and liabilities the Company measured at fair value on a recurring basis, based on the fair value hierarchy:

		Level 2
	In thousands	28-Sep-13					29-Dec-12
	Financial Assets:
	Derivatives		$	525				$	1,037
	Financial Liabilities:
	Derivatives		$	(373	)			$	--

	The fair values of the Company’s Level 2 derivative instruments were primarily based on observable forward exchange rates. Unobservable quantitative inputs used in the valuation of the Company’s derivative instruments included volatilities, discount rates and estimated credit losses.

	The following table presents the non-financial assets the Company measured at fair value on a non-recurring basis in 2013, based on such fair value hierarchy:

															Total Losses
			Net Carrying			Fair Value Measured and Recorded at									Nine Months		Three Months
			Value as of			Reporting Date Using:									Ended		Ended
			September 28,												September 28,		September 28,
	In thousands		2013												2013		2013
	In thousands					Level 1			Level 2			Level 3
	Property and equipment		$	--		$	--		$	--		$	--		$	667	$	--
	Intangibles, net			2,000			--			--			2,000			3,300		3,300
	Other assets			--			--			--			--			6,109		--

	As a result of a decision to revise the Company’s plan to outsource its distribution function (see Note 12 - Streamlining Initiatives), an impairment analysis was performed on certain property and equipment. The Company determined that a portion of the assets exceeded their fair values, resulting in an impairment charge, which was recorded in SG&A on the accompanying Condensed Consolidated Statement of Operations.

	In the third quarter of 2013, the Company recorded a non-cash impairment charge of $3.3 million, which reflects the difference in the estimated fair value and carrying value of the TRIFARI trademark. The Company estimated the fair value of the trademark using the income-based relief-from-royalty valuation method which assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to obtain the rights to use a comparable asset. The Company assumed a market royalty rate of 3.5%, a discount rate of 14.0% and a long term growth rate of 2.0%.

	Subsequent to the sale of its former global Mexx business, the Company retained a noncontrolling ownership interest in such business and accounted for its investment at cost included within other assets (see Note 14 – Additional Financial Information and Note 18 – Legal Proceedings). In the second quarter of 2013, the Company performed an impairment test based on market multiples of comparable transactions and determined that the carrying value of the investment exceeded its fair value, resulting in an impairment charge, which was recorded in Impairment of cost investment on the accompanying Condensed Consolidated Statement of Operations.

	The following table presents the non-financial assets the Company measured at fair value on a non-recurring basis in 2012, based on the fair value hierarchy:

													Total Losses
			Net Carrying			Fair Value Measured and Recorded at							Nine Months			Three Months
			Value as of			Reporting Date Using:							Ended			Ended
	In thousands		September 29,			Level 1		Level 2		Level 3			September 29,			September 29,
	In thousands		2012			Level 1		Level 2		Level 3			2012			2012
	Property and equipment		$	23,687		$ --		$ --		$	23,687		$	27,905		$ --


	In connection with a change in the pattern of use and then likely disposal of the Company’s New Jersey corporate office, an impairment analysis was performed on the associated property and equipment. As a result of a decline in the estimated fair value of the Ohio Facility, as well as the decisions to exit certain retail locations of JUICY COUTURE and LUCKY BRAND, impairment analyses were performed on the associated property and equipment. The Company determined that a portion of the assets exceeded their fair values, resulting in impairment charges, which were recorded in SG&A on the accompanying Condensed Consolidated Statements of Operations.

	The fair values of the Company’s Level 3 Property and equipment and Intangibles, net are based on either a market approach or an income approach using the Company’s forecasted cash flows over the estimated useful lives of such assets, as appropriate.

	The fair values and carrying values of the Company’s debt instruments are detailed as follows:

			28-Sep-13						29-Dec-12						29-Sep-12
	In thousands		Fair Value			Carrying			Fair Value			Carrying			Fair Value		Carrying
	In thousands		Fair Value			Value			Fair Value			Value			Fair Value		Value
	6.0% Convertible Senior Notes, due June 2014 (a)		$	--		$	--		$	69,088		$	18,287		$	115,374	$	28,687
	10.5% Senior Secured Notes, due April 2019 (a)		405,480			382,588			410,828			383,662			420,128		384,033
	Revolving credit facility (b)		136,233			136,233			--			--			--		--





(a) Carrying values include unamortized debt discount or premium.
(b) Borrowings under the Amended Facility bear interest based on market rate; accordingly, its fair value approximates its carrying value.

The fair values of the Company’s debt instruments were estimated using market observable inputs, including quoted prices in active markets, market indices and interest rate measurements. Within the hierarchy of fair value measurements, these are Level 2 fair values. The fair values of cash and cash equivalents, receivables and accounts payable approximate their carrying values due to the short-term nature of these instruments.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 28, 2013
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	11. COMMITMENTS AND CONTINGENCIES

	Buying/Sourcing
	During the first quarter of 2009, the Company entered into an agreement with Hong Kong-based, global consumer goods exporter Li & Fung Limited (“Li & Fung”), whereby Li & Fung was appointed as the Company’s buying/sourcing agent for all of the Company’s brands and products (other than jewelry) and the Company received a payment of $75.0 million at closing and an additional payment of $8.0 million in the second quarter of 2009 to offset specific, incremental, identifiable expenses associated with the transaction. The Company’s agreement with Li & Fung provides for a refund of a portion of the closing payment in certain limited circumstances, including a change of control of the Company, the divestiture of any current brand, or certain termination events. The Company is also obligated to use Li & Fung as its buying/sourcing agent for a minimum value of inventory purchases each year through the termination of the agreement in 2019. The 2009 licensing arrangements with J.C. Penney Corporation, Inc. (“JCPenney”) in the US and Puerto Rico and QVC, Inc. (“QVC”) resulted in the removal of buying/sourcing for a number of LIZ CLAIBORNE branded products sold under these licenses from the Li & Fung buying/sourcing arrangement. As a result, under its agreement with Li & Fung, the Company refunded $24.3 million of the closing payment received from Li & Fung in the second quarter of 2010. The 2011 sales of the KENSIE, KENSIE GIRL and MAC & JAC trademarks resulted in the removal of buying/sourcing for such products sold from the Li & Fung buying/sourcing arrangement. As a result, under its agreement with Li & Fung, the Company refunded $1.8 million of the closing payment received from Li & Fung in the second quarter of 2012. In addition, the Company’s agreement with Li & Fung is not exclusive; however, the Company is required to source a specified percentage of product purchases from Li & Fung.

	Leases
	In connection with the disposition of the LIZ CLAIBORNE Canada retail stores, the LIZ CLAIBORNE branded outlet stores in the US and Puerto Rico and certain Mexx Canada retail stores, an aggregate of 153 store leases were assigned to third parties, for which the Company remains secondarily liable for the remaining obligations on 119 such leases. As of September 28, 2013, the future aggregate payments under these leases amounted to $156.6 million and extended to various dates through 2025.

	During the second quarter of 2013, the Company entered into a sale-leaseback agreement for its North Bergen, NJ office with a 12-year term and two five-year renewal options. This leaseback was classified as a capital lease and recorded at fair value. As of September 28, 2013, the estimated future minimum lease payments under the noncancelable capital lease were as follows:

	In millions
	2013	$	0.6
	2014	2
	2015	2
	2016	2.1
	2017	2.1
	Thereafter	17.5
	Total	26.3
	Less: Amounts representing interest and executory costs	(17.2		)
	Net present values	9.1
	Less: Capital lease obligations included in short-term debt	(0.4		)
	Long-term capital lease obligations	$	8.7

	Other
	In the second quarter of 2011, the Company initiated actions to close its Ohio Facility, which was expected to result in the termination of all or a significant portion of its union employees (see Note 12 – Streamlining Initiatives). During the third quarter of 2011, the Company ceased contributing to a union-sponsored multi-employer defined benefit pension plan (the “Fund”), which is regulated by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Under ERISA, cessation of employer contributions to a multi-employer defined benefit pension plan is likely to trigger an obligation by such employer for a “withdrawal liability” to such plan, with the amount of such withdrawal liability representing the portion of the plan’s underfunding allocable to the withdrawing employer. The Company incurred such a liability in the second quarter of 2011 and recorded a $17.6 million charge to SG&A related to its estimate of the withdrawal liability. In February 2012, the Company was notified by the Fund that the Fund calculated the total withdrawal liability to be $19.1 million, a difference of approximately $1.5 million, and that 17 quarterly payments of $1.2 million would commence on March 1, 2012, and continue for four years, with a final payment of $1.0 million on June 1, 2016. As of September 28, 2013, the accrued withdrawal liability was $11.1 million, which was included in Accrued expenses and Other non-current liabilities on the accompanying Condensed Consolidated Balance Sheet.

	In June 2011, the Company entered into an agreement with Globalluxe Kate Spade HK Limited (“Globalluxe”) to, among other things, reacquire the existing KATE SPADE businesses in Southeast Asia from Globalluxe (see Note 14 – Additional Financial Information).

STREAMLINING_INITIATIVES

STREAMLINING INITIATIVES	9 Months Ended
STREAMLINING INITIATIVES	Sep. 28, 2013
STREAMLINING INITIATIVES	'
STREAMLINING INITIATIVES	'
	12. STREAMLINING INITIATIVES

	2012 Actions

	In the third quarter of 2012, the Company initiated actions to reduce staff at JUICY COUTURE. These actions resulted in charges related to severance and concluded in the fourth quarter of 2012.

	2011 Actions

	In the fourth quarter of 2011, the Company commenced additional streamlining initiatives that impacted all of its reportable segments and included rationalization of office space, which were completed in the first quarter of 2013 and staff reductions, which were completed by the end of 2012. In connection with this initiative, in the second quarter of 2012, the Company commenced a reduction of the workforce in its corporate centers in New Jersey and New York, which was completed in the fourth quarter of 2012.

	In the fourth quarter of 2011, the Company agreed to terminate its agreement with an affiliate of Donna Karan International, Inc. (“DKI”), which ended the exclusive license agreement for the DKNY® Jeans and DKNY® Active brands. These actions included contract terminations and staff reductions and concluded in the first quarter of 2012.

	In the second quarter of 2011, the Company initiated actions to close its Ohio Facility, which were expected to be completed in the fourth quarter of 2012. In August 2012, the Company encountered systems and operational issues that delayed the planned migration of the Company’s product distribution function out of the Ohio Facility. Subsequently, the Company determined that it would continue to use the Ohio Facility and discontinue the migration of the product distribution function to Li & Fung, and the Company mutually agreed with Li & Fung to allow the distribution agreement with Li & Fung to expire as of January 31, 2013. On February 5, 2013, the Company entered into a contract with a third-party distribution center operations and labor management company to provide distribution operations services at the Ohio Facility. These actions resulted in charges related to contract terminations, severance, asset impairments and other charges and were substantially completed in the second quarter of 2013.

	For the nine months ended September 28, 2013, the Company recorded pretax charges totaling $5.3 million related to these initiatives. The Company expects to pay approximately $6.3 million of accrued streamlining costs in the next 12 months. For the nine months ended September 29, 2012, the Company recorded pretax charges of $43.2 million related to these initiatives, including $2.7 million of contract termination costs, $24.6 million of asset write-downs and disposals, $12.1 million of payroll and related costs and $3.8 million of other costs. Approximately $1.5 million and $24.6 million of these charges were non-cash during the nine months ended September 28, 2013 and September 29, 2012, respectively.

	For the nine and three months ended September 28, 2013 and September 29, 2012, expenses (adjustments to previously recorded estimates) associated with the Company’s streamlining actions were primarily recorded in SG&A on the accompanying Condensed Consolidated Statements of Operations and impacted reportable segments and Corporate as follows:

		Nine Months Ended						Three Months Ended
	In thousands		September 28,			September 29,			September 28,			September 29,
			2013			2012			2013			2012
			(39 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	JUICY COUTURE	$	2,354		$	6,333		$	(513	)	$	2,193
	LUCKY BRAND		750			2,758			(587	)		183
	KATE SPADE		528			2,384			(383	)		110
	Adelington Design Group		163			3,026			(227	)		297
	Corporate		1,544			28,656			662			3,046
	Total	$	5,339		$	43,157		$	-1,048		$	5,829

	A summary rollforward of the liability for streamlining initiatives is as follows:

	In thousands		Payroll and				Contract			Asset			Other Costs			Total
			Related Costs				Termination			Write-Downs
							Costs
	Balance at December 29, 2012		$	5,468			$	4,248		$	--		$	15,930		$	25,646
	2013 provision (a)		2,002				(84		)	1,502			1,919			5,339
	2013 asset write-downs		--				--			(1,502		)	--			(1,502		)
	Translation difference		(18			)	7			--			4			(7		)
	2013 spending		(6,941			)	(1,666		)	--			(5,588		)	(14,195		)
	Balance at September 28, 2013		$		511		$	2,505		$	--		$	12,265		$	15,281


	(a) Payroll and related costs and contract termination costs include changes to previously recorded estimates.

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 28, 2013
EARNINGS PER COMMON SHARE	'
EARNINGS PER COMMON SHARE	'
	13. EARNINGS PER COMMON SHARE

	The following table sets forth the computation of basic and diluted earnings per common share (“EPS”).

		Nine Months Ended						Three Months Ended
	In thousands	September 28,			September 29,			September 28,			September 29,
		2013			2012			2013			2012
		(39 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	Loss from continuing operations	$	(90,781	)	$	(120,674	)	$	(14,901	)	$	(19,393	)
	(Loss) income from discontinued operations, net of income taxes	(21,396		)	(10,865		)	(1,965		)	592
	Net loss	$	(112,177	)	$	(131,539	)	$	(16,866	)	$	(18,801	)

	Basic weighted average shares outstanding	120,480			107,692			122,396			113,109
	Stock options and nonvested shares (a)(b)	--			--			--			--
	Convertible Notes (c)	--			--			--			--
	Diluted weighted average shares outstanding (a)(b)(c)	120,480			107,692			122,396			113,109

	Loss per share:
	Basic and diluted
	Loss from continuing operations	$	(0.75	)	$	(1.12	)	$	(0.12	)	$	(0.17	)
	(Loss) income from discontinued operations	$	(0.18	)	$	(0.10	)	$	(0.02	)	$	--
	Net loss	$	(0.93	)	$	(1.22	)	$	(0.14	)	$	(0.17	)

	(a) Because the Company incurred a loss from continuing operations for the nine and three months ended September 28, 2013 and September 29, 2012, all outstanding stock options and nonvested shares are antidilutive for such periods. Accordingly, for the nine and three months ended September 28, 2013 and September 29, 2012, approximately 5.7 million and 5.9 million outstanding stock options, respectively, and approximately 0.6 million and 0.5 million outstanding nonvested shares, respectively, were excluded from the computation of diluted loss per share.
	(b) Excludes approximately 0.5 million nonvested shares for the nine and three months ended September 28, 2013 and 1.2 million nonvested shares for the nine and three months ended September 29, 2012, for which the performance criteria have not yet been achieved.
	(c) Because the Company incurred a loss from continuing operations for the nine and three months ended September 28, 2013 and September 29, 2012, approximately 2.0 million and 13.7 million potentially dilutive shares issuable upon conversion of the Convertible Notes, respectively and approximately 0.3 million and 8.9 million potentially dilutive shares issuable upon conversion of the Convertible Notes, respectively, were considered antidilutive for such periods, and were excluded from the computation of diluted loss per share.

ADDITIONAL_FINANCIAL_INFORMATI

ADDITIONAL FINANCIAL INFORMATION	9 Months Ended
ADDITIONAL FINANCIAL INFORMATION	Sep. 28, 2013
ADDITIONAL FINANCIAL INFORMATION	'
ADDITIONAL FINANCIAL INFORMATION	'
	14. ADDITIONAL FINANCIAL INFORMATION

	Licensing-Related Transactions
	In connection with the sale of the global trademark rights for the LIZ CLAIBORNE family of brands and the trademark rights in the United States and Puerto Rico for the MONET brand to JCPenney, the sale of the DANA BUCHMAN trademark to Kohl’s and the sale of the KENSIE, KENSIE GIRL and MAC & JAC trademarks to an affiliate of Bluestar, the Company maintains: (i) an exclusive supplier arrangement to provide JCPenney with LIZ CLAIBORNE and MONET branded jewelry; (ii) a royalty free license through July 2020 for the LIZ CLAIBORNE NEW YORK brand, which is sold exclusively at QVC through the 2009 previously existing license between the Company and QVC; (iii) a royalty-free license through July 2020 to use the LIZWEAR brand to design, manufacture and distribute LIZWEAR-branded products to the club store channel; (iv) an exclusive supplier arrangement to provide Kohl’s with DANA BUCHMAN-branded jewelry through October 11, 2013 and (v) an exclusive license to produce and sell jewelry under the KENSIE brand name.

	In November 2011, in connection with the Company’s sale of its LIZ CLAIBORNE brand and certain rights to its MONET brand to JCPenney, the Company entered into an agreement with JCPenney to develop exclusive brands for JCPenney, which included payment to the Company of a $20.0 million refundable advance. The agreement terminated by its terms without being exercised on February 1, 2013, and the $20.0 million advance was refunded to JCPenney on February 8, 2013, pursuant to the terms of the agreement.

	The Company had an exclusive license agreement with an affiliate of DKI to design, produce, market and sell men’s and women’s jeanswear and activewear and women’s sportswear products in the Western Hemisphere under the “DKNY® Jeans” and “DKNY® Active” marks and logos. On October 11, 2011, the Company agreed to an early termination of the DKNY® Jeans and DKNY® Active license with DKI in exchange for a fee of $8.5 million, including $3.7 million due to DKI in connection with the previously terminated DKNY® Mens Sportswear license. The DKNY® Jeans and DKNY® Active license terminated on January 3, 2012, one year ahead of the scheduled license maturity.

	Condensed Consolidated Statements of Cash Flows Supplementary Disclosures
	During the nine months ended September 28, 2013 and September 29, 2012 net income tax refunds (payments) were not significant. During the nine months ended September 28, 2013 and September 29, 2012, the Company made interest payments of $22.8 million and $17.9 million, respectively. As of September 28, 2013, December 29, 2012 and September 29, 2012, the Company accrued capital expenditures totaling $10.7 million, $7.7 million and $12.4 million, respectively.

	Depreciation and amortization expense for the nine months ended September 28, 2013 and September 29, 2012 included $4.6 million and $8.2 million, respectively, related to amortization of deferred financing costs.

	During the nine months ended September 28, 2013, holders of $19.9 million aggregate principal amount of the Convertible Notes converted all of such outstanding Convertible Notes into 5,634,179 shares of the Company’s common stock.

	During the nine months ended September 29, 2012, holders of $37.6 million aggregate principal amount of the Convertible Notes converted all such outstanding Convertible Notes into 10,839,520 shares of the Company’s common stock.

	During the first quarter of 2013, the Company refunded the $20.0 million advance to JCPenney, which was included within Decrease in accrued expenses and other non-current liabilities on the accompanying Condensed Consolidated Statements of Cash Flows.

	Related Party Transactions
	In June 2011, the Company established a joint venture in China with E-Land Fashion China Holdings, Limited. The joint venture is a Hong Kong limited liability company and its purpose is to market and distribute small leather goods and other fashion products and accessories in China under the KATE SPADE brand. The joint venture operates under the name of KS China Co., Limited (“KSC”) for an initial 10 year period and commenced operations in the fourth quarter of 2011. The Company accounts for its 40.0% interest in KSC under the equity method of accounting. The Company made capital contributions to KSC of $5.5 million and $5.0 million during the first nine months of 2013 and 2012, respectively.

	Additionally, the Company agreed that it or one of its affiliates will reacquire existing KATE SPADE businesses in Southeast Asia in January 2014 from Globalluxe, with the purchase price based upon a multiple of Globalluxe’s earnings, subject to a cap of $30.0 million.

	On November 20, 2009, the Company and Sanei established a joint venture under the name of KSJ. During the fourth quarter of 2012, the Company acquired the remaining 51.0% interest in KSJ (see Note 2 – Acquisition).

	The Company’s equity in losses of its equity investees was $1.0 million and $0.5 million for the nine months ended September 28, 2013 and September 29, 2012, respectively, and $0.4 million and $1.5 million for the three months ended September 28, 2013 and September 29, 2012, respectively, which was included in Other (expense) income, net on the accompanying Condensed Consolidated Statements of Operations. As of September 28, 2013, December 29, 2012 and September 29, 2012, the Company recorded $9.6 million, $5.1 million and $23.3 million, respectively, related to its investments in equity investees, which was included in Other assets on the accompanying Condensed Consolidated Balance Sheets.

	Subsequent to the sale of its former global Mexx business, the Company retained a noncontrolling ownership interest in such business and accounted for its investment at cost (see Note 18 – Legal Proceedings). The Company’s cost investment was valued at $10.0 million as of December 29, 2012 and September 29, 2012 and was included in Other assets on the accompanying Condensed Consolidated Balance Sheets.

SEGMENT_REPORTING

SEGMENT REPORTING	9 Months Ended
SEGMENT REPORTING	Sep. 28, 2013
SEGMENT REPORTING	'
SEGMENT REPORTING	'
	15. SEGMENT REPORTING

	The Company’s segment reporting structure reflects a brand-focused approach, designed to optimize the operational coordination and resource allocation of the Company’s businesses across multiple functional areas including specialty retail, retail outlets, concessions, wholesale apparel, wholesale non-apparel, e-commerce and licensing. The four reportable segments described below represent the Company’s brand-based activities for which separate financial information is available and which is utilized on a regular basis by the Company’s CODM to evaluate performance and allocate resources. In identifying the Company’s reportable segments, the Company considers economic characteristics, as well as products, customers, sales growth potential and long-term profitability. As such, the Company configured its operations into the following four reportable segments, each reflecting the different financial missions, cultural profiles and focal points appropriate for these four reportable segments:

	· JUICY COUTURE segment – consists of the specialty retail, outlet, concession, wholesale apparel, wholesale non-apparel (including accessories, jewelry and handbags), e-commerce and licensing operations of the JUICY COUTURE brand.
	· KATE SPADE segment – consists of the specialty retail, outlet, concession, wholesale apparel, wholesale non-apparel, e-commerce and licensing operations of the KATE SPADE, KATE SPADE SATURDAY and JACK SPADE brands.
	· LUCKY BRAND segment – consists of the specialty retail, outlet, wholesale apparel, wholesale non-apparel, e-commerce and licensing operations of LUCKY BRAND.
	· Adelington Design Group segment (*) – consists of: (i) exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; (ii) the wholesale non-apparel operations of the TRIFARI brand and licensed KENSIE brand; (iii) the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands; and (iv) the licensed LIZ CLAIBORNE NEW YORK brand.

	(*) The Company’s agreement to supply DANA BUCHMAN branded jewelry to Kohl’s expired on October 11, 2013.

	The Company’s Chief Executive Officer has been identified as the CODM. During the fourth quarter of 2012, the Company determined that its measure of segment profitability is Adjusted EBITDA of each reportable segment. Accordingly, the CODM evaluates performance and allocates resources based primarily on Segment Adjusted EBITDA. Segment Adjusted EBITDA is also a key metric utilized in the Company’s annual bonus and long-term incentive plans. Segment Adjusted EBITDA excludes: (i) depreciation and amortization; (ii) charges due to streamlining initiatives, brand-exiting activities and acquisition related costs; and (iii) losses on asset disposals and impairments. Unallocated Corporate costs also exclude non-cash share-based compensation expense. In addition, Segment Adjusted EBITDA does not include Corporate expenses associated with the following functions: corporate finance, investor relations, communications, legal, human resources and information technology shared services and costs of executive offices and corporate facilities, which are included in Unallocated Corporate costs. The Company does not allocate amounts reported below Operating loss to its reportable segments, other than equity income (loss) in equity method investees. The Company’s definition of Segment Adjusted EBITDA may not be comparable to similarly titled measures of other companies.

	The accounting policies of the Company’s reportable segments are the same as those described in Note 1 – Basis of Presentation. There are no inter-segment sales or transfers. The Company also presents its results on a geographic basis based on selling location, between Domestic (wholesale customers, Company-owned specialty retail and outlet stores located in the United States and e-commerce sites) and International (wholesale customers and Company-owned specialty retail, outlet and concession stores located outside of the United States and e-commerce sites). The Company, as licensor, also licenses to third parties the right to produce and market products bearing certain Company-owned trademarks; the resulting royalty income is included within the results of the associated segment.

	Dollars in thousands		Net Sales			% to Total	Adjusted			% of Sales
	Dollars in thousands		Net Sales			% to Total	EBITDA			% of Sales
	Nine Months Ended September 28, 2013 (39 weeks)
	Reportable Segments:
	JUICY COUTURE		$	310,049		26.20%	$	(5,351	)	-1.7	%
	LUCKY BRAND		346,376			29.20%	14,252			4.1	%
	KATE SPADE		487,485			41.20%	66,350			13.6	%
	Adelington Design Group		40,457			3.40%	9,691			24	%
	Corporate		--			-- %	(49,516		)	--	%
	Totals		$	1,184,367		100.00%

	Nine Months Ended September 29, 2012 (39 weeks)
	Reportable Segments:
	JUICY COUTURE		$	344,984		33.90%	$	12,604		3.7	%
	LUCKY BRAND		324,245			31.80%	13,488			4.2	%
	KATE SPADE		289,216			28.40%	51,578			17.8	%
	Adelington Design Group		60,116			5.90%	14,032			23.3	%
	Corporate		--			-- %	(56,573		)	--	%
	Totals		$	1,018,561		100.00%



	Dollars in thousands		Net Sales			% to Total	Adjusted			% of Sales
	Dollars in thousands		Net Sales			% to Total	EBITDA			% of Sales
	Three Months Ended September 28, 2013 (13 weeks)
	Reportable Segments:
	JUICY COUTURE		$	117,991		27.40%	$	6,924		5.9	%
	LUCKY BRAND		120,001			27.90%	4,907			4.1	%
	KATE SPADE		179,727			41.70%	23,510			13.1	%
	Adelington Design Group		12,885			3.00%	3,947			30.6	%
	Corporate		--			-- %	(14,859		)	--	%
	Totals		$	430,604		100.00%

	Three Months Ended September 29, 2012 (13 weeks)
	Reportable Segments:
	JUICY COUTURE		$	129,837		35.60%	$	6,511		5	%
	LUCKY BRAND		111,797			30.70%	6,736			6	%
	KATE SPADE		101,880			27.90%	15,721			15.4	%
	Adelington Design Group		21,042			5.80%	7,308			34.7	%
	Corporate		--			-- %	(15,521		)	--	%
	Totals		$	364,556		100.00%

	The following tables provide a reconciliation to Loss from continuing operations:

			Nine Months Ended									Three Months Ended
				September 28,				September 29,					September 28,			September 29,
				2013				2012					2013			2012
				(39 Weeks)				(39 Weeks)					(13 Weeks)			(13 Weeks)
In thousands
Reportable Segments Adjusted EBITDA:
JUICY COUTURE			$	(5,351	)		$	12,604				$	6,924		$	6,511
LUCKY BRAND			14,252				13,488					4,907			6,736
KATE SPADE (a)			66,350				51,578					23,510			15,721
Adelington Design Group			9,691				14,032					3,947			7,308
Total Reportable Segments Adjusted EBITDA			84,942				91,702					39,288			36,276
Unallocated Corporate Costs			(49,516		)		(56,573		)			(14,859		)	(15,521		)
Depreciation and amortization, net (b)			(49,482		)		(46,796		)			(16,533		)	(14,282		)
Impairment of intangible asset			(3,300		)		--					(3,300		)	--
Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net (c)			(20,000		)		(52,416		)			(5,635		)	(6,721		)
Share-based compensation			(5,206		)		(7,157		)			(1,705		)	(1,561		)
Equity loss included in Reportable Segments Adjusted EBITDA			983				474					421			1,528
Operating Loss			(41,579		)		(70,766		)			(2,323		)	(281		)
Other (expense) income, net(a)			(1,462		)		1,479					1,361			(1,038		)
Impairment of cost investment			(6,109		)		--					--			--
Loss on extinguishment of debt			(1,707		)		(8,669		)			(599		)	(3,023		)
Interest expense, net			(36,062		)		(37,836		)			(12,087		)	(13,228		)
Provision for income taxes			3,862				4,882					1,253			1,823
Loss from Continuing Operations			$	(90,781	)		$	(120,674	)			$	(14,901	)	$	(19,393	)

(a) Amounts include equity in the losses of equity method investees of $1.0 million and $0.5 million for the nine months ended September 28, 2013 and September 29, 2012, respectively and $0.4 million and $1.5 million for the three months ended September 28, 2013 and September 29, 2012, respectively.
(b) Excludes amortization included in Interest expense, net.
(c) See Note 10 – Fair Value Measurements for a discussion of impairment charges and Note 12 – Streamlining Initiatives for a discussion of streamlining charges.


GEOGRAPHIC DATA:
Dollars in thousands		Net Sales			% to Total
Nine Months Ended September 28, 2013 (39 weeks)
Domestic		$	1,051,365		88.8	%
International		133,002			11.2	%
Totals		$	1,184,367		100	%

Nine Months Ended September 29, 2012 (39 weeks)
Domestic		$	972,921		95.5	%
International		45,640			4.5	%
Totals		$	1,018,561		100	%

Dollars in thousands		Net Sales			% to Total
Three Months Ended September 28, 2013 (13 weeks)
Domestic		$	380,799		88.4	%
International		49,805			11.6	%
Totals		$	430,604		100	%

Three Months Ended September 29, 2012 (13 weeks)
Domestic		$	344,147		94.4	%
International		20,409			5.6	%
Totals		$	364,556		100	%

There were no significant changes in segment assets during the nine months ended September 28, 2013.

DERIVATIVE_INSTRUMENTS

DERIVATIVE INSTRUMENTS

9 Months Ended

Sep. 28, 2013

DERIVATIVE INSTRUMENTS

16. DERIVATIVE INSTRUMENTS

In order to reduce exposures related to changes in foreign currency exchange rates, the Company utilizes foreign currency collars, forward contracts and swap contracts for the purpose of hedging the specific exposure to variability in forecasted cash flows associated primarily with inventory purchases by KSJ. As of September 28, 2013, the Company had forward contracts maturing through December 2014 to sell 3.1 billion yen for $31.5 million.

The Company uses foreign currency forward contracts outside the cash flow hedging program to manage currency risk associated with intercompany loans. As of September 28, 2013, the Company had forward contracts to sell 4.0 billion yen for $40.5 million maturing through December 2013. Transaction gains (losses) of $5.8 million and $(0.4) million related to these derivative instruments were reflected within Other (expense) income, net for the nine and three months ended September 28, 2013, respectively.

The following table summarizes the fair value and presentation in the Condensed Consolidated Financial Statements for derivatives designated as hedging instruments and derivatives not designated as hedging instruments:

Foreign Currency Contracts Designated as Hedging Instruments

In thousands

Asset Derivatives

Liability Derivatives

Period

Balance Sheet

Notional

Fair Value

Balance Sheet

Notional

Fair Value

Location

Amount

Location

Amount

September 28, 2013

Other current assets

10,148

525

Accrued expenses

21,400

132

Foreign Currency Contracts Not Designated as Hedging Instruments

In thousands

Asset Derivatives

Liability Derivatives

Period

Balance Sheet

Notional

Fair Value

Balance Sheet

Notional

Fair Value

Location

Amount

Location

Amount

September 28, 2013

Other current assets

Accrued expenses

40,454

241

December 29, 2012

Other current assets

47,486

1,037

Accrued expenses

The following table summarizes the effect of foreign currency exchange contracts on the Condensed Consolidated Financial Statements:

In thousands

Amount of Loss

Location of Gain or

Amount of Gain or

Amount of Loss

Recognized in

(Loss) Reclassified

Recognized in

Accumulated OCI

from Accumulated

Operations on

on Derivative

OCI into Operations

Derivative

(Effective Portion)

(Effective and

(Effective Portion)

(Ineffective

Ineffective Portion)

Portion)

Nine months ended

1,772

Cost of goods sold

895

September 28, 2013

Three months ended

(164

)

Cost of goods sold

593

September 28, 2013

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
SHARE-BASED COMPENSATION	Sep. 28, 2013
SHARE-BASED COMPENSATION	'
SHARE-BASED COMPENSATION	'
	17. SHARE-BASED COMPENSATION

	The Company recognizes the cost of all employee share-based awards on a straight-line attribution basis over their respective vesting periods, net of estimated forfeitures.

	The Company issues stock options and restricted shares as well as shares with performance features to employees under share-based compensation plans. Stock options are issued at the current market price, have a three-year vesting period and a contractual term of 7-10 years. In March 2012, the Company’s Compensation Committee approved the accelerated vesting of a former executive officer’s unvested 2010 and 2011 semiannual option grants, as well as his sign-on restricted stock and special retention stock awards, upon his separation from the Company.

	Compensation expense for restricted shares, including shares with performance features, is measured at fair value on the date of grant based on the number of shares granted and the quoted market price of the Company’s common stock. Such value is recognized as expense over the vesting period of the award, net of estimated forfeitures.

	Compensation expense for restricted share units with performance features and a market condition is measured at fair value, subject to the market condition on the date of grant and based on the number of shares expected to vest subject to the performance condition. Such value is recognized as expense over the vesting period of the award, net of estimated forfeitures.

	Compensation expense related to the Company’s share-based payment awards totaled $5.2 million and $7.2 million for the nine months ended September 28, 2013 and September 29, 2012, respectively, and $1.7 million and $1.6 million for the three months ended September 28, 2013 and September 29, 2012, respectively.

	Stock Options
	The Company utilizes the Binomial lattice pricing model to estimate the fair value of options granted. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates and to allow for actual exercise behavior of option holders.

		Nine Months Ended
	Valuation Assumptions:	September 28, 2013		September 29, 2012
	Weighted-average fair value of options granted	$10.32		$5.99
	Expected volatility	59.50%		63.30%
	Weighted-average volatility	59.50%		63.30%
	Expected term (in years)	4.9		5.1
	Dividend yield	—		—
	Risk-free rate	0.1% to 3.9%		0.2% to 3.8%
	Expected annual forfeiture	12.40%		13.50%

	Expected volatilities are based on a term structure of implied volatility, which assumes changes in volatility over the life of an option. The Company utilizes historical optionee behavioral data to estimate the option exercise and termination rates that are used in the valuation model. The expected term represents an estimate of the period of time options are expected to remain outstanding. The expected term provided in the above table represents an option weighted-average expected term based on the estimated behavior of distinct groups of employees who received options in 2013 and 2012. The range of risk-free rates is based on a forward curve of interest rates at the time of option grant.

	A summary of award activity under stock option plans as of September 28, 2013 and changes therein during the nine month period then ended are as follows:

		Shares		Weighted			Weighted Average	Aggregate
				Average Exercise			Remaining	Intrinsic Value
				Price			Contractual Term	(In thousands)
	Outstanding at December 29, 2012	5,846,975		$	12.21		4	$	27,218
	Granted	322,500		20.99
	Exercised	(305,800	)	7.61				4,168
	Cancelled/expired	(210,550	)	20.15
	Outstanding at September 28, 2013	5,653,125		$	12.67		3.5	$	82,364

	Vested or expected to vest at September 28, 2013	5,446,505		$	12.67		3.4	$	79,721

	Exercisable at September 28, 2013	4,270,625		$	13.24		2.8	$	62,506

	As of September 28, 2013, there were approximately 1.4 million nonvested stock options. The weighted average grant date fair value per award for nonvested stock options was $5.60.

	As of September 28, 2013, there was $6.0 million of total unrecognized compensation cost related to nonvested stock options granted under the Company’s stock option plans. That expense is expected to be recognized over a weighted average period of 1.4 years. The total fair value of shares vested during the nine months ended September 28, 2013 and September 29, 2012 was $4.3 million and $4.0 million, respectively.

	Restricted Stock
	In 2010, the Company granted 855,000 performance shares to a group of key executives. The performance criteria included certain earnings metrics for consecutive periods through July 2013 with the number of shares to be earned ranging from 0 to 100% of the target amount. Based on the performance criteria, these shares were deemed unearned and cancelled during the third quarter of 2013.

	In 2012, the Company granted 535,000 performance share units with a two year performance period and a three year service period, subject to a market condition adjustment, to a group of key executives. The performance criteria include certain earnings metrics for consecutive periods through December 2013 with the number of shares to be earned ranging from 0 to 150% of the target amount. At December 31, 2014, the total units earned, if any, will be adjusted by applying a modifier, ranging from 50%-150%. The amount of such modifier will be determined by comparing the Company’s total shareholder return (“TSR”) to the relative TSR of the S&P SmallCap 600 companies over the three year period, where the Company’s TSR is based on the change in its stock price.

	A summary of award activity under restricted stock plans as of September 28, 2013 and changes therein during the nine month period then ended are as follows:

		Shares		Weighted
				Average Grant
				Date Fair Value
	Nonvested stock at December 29, 2012 (a)	1,678,350			$	8.4
	Granted	350,000			21.38
	Vested	(260,600	)		5.68
	Cancelled (b)	(677,500	)		6.45
	Nonvested stock at September 28, 2013 (a)	1,090,250			$	14.43

	Expected to vest as of September 28, 2013	501,135			$	16.43


(a)	Includes performance shares granted to a group of key executives with certain performance conditions measured through December 2013 and a market and service condition through December 2014.
(b)	Includes performance shares granted to a group of key executives with certain performance conditions measured through July 2013. Based on the performance criteria, these shares were deemed unearned and cancelled.

As of September 28, 2013, there was $6.1 million of total unrecognized compensation cost related to nonvested stock awards granted under restricted stock plans. That expense is expected to be recognized over a weighted average period of 2.8 years. The total fair value of shares vested during the nine months ended September 28, 2013 and September 29, 2012 was $1.5 million and $2.3 million, respectively.

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
LEGAL PROCEEDINGS	Sep. 28, 2013
LEGAL PROCEEDINGS	'
LEGAL PROCEEDINGS	'
	18. LEGAL PROCEEDINGS

	On July 29, 2013, the Company and its subsidiaries, Fifth & Pacific Foreign Holdings, Inc. and Liz Foreign B.V., entered into a Settlement Agreement with Gores Malibu Holdings (Luxembourg) S.a.r.l. (“Gores”) and Mexx Europe International B.V. (“MEI” and, together with Gores, the “Plaintiffs”) pursuant to which the Company paid the Plaintiffs $22.0 million to settle all claims arising under the complaint filed by Gores on January 25, 2013 (the “Complaint”) in which Gores claimed $25.0 million in damages arising from alleged breaches of the merger agreement related to the sale of the Company’s former global Mexx business (the “Merger Agreement”), including breaches of tax and tax-related covenants, breaches of interim operating covenants, breaches of reimbursement obligations related to employee bonuses and working capital adjustments. The Complaint also included a demand for payment of previously disclosed dispute resolution proceedings with respect to working capital adjustments that were required to be made under the Merger Agreement, which concluded that the Company owed approximately $5.0 million to Gores. In conjunction with that settlement, the Company also sold its noncontrolling interest in Mexx Lifestyle B.V. to Gores for $4.0 million.

	The Company is a party to several other pending legal proceedings and claims. Although the outcome of any such actions cannot be determined with certainty, management is of the opinion that the final outcome of any of these actions should not have a material adverse effect on the Company’s financial position, results of operations, liquidity or cash flows.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Sep. 28, 2013
RECENT ACCOUNTING PRONOUNCEMENTS	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	19. RECENT ACCOUNTING PRONOUNCEMENTS

	In July 2013, new accounting guidance on the presentation of unrecognized tax benefits was issued, which requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent 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 that 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 is effective for interim and annual periods beginning after December 15, 2013. The adoption of the new guidance will not affect the Company’s financial position, results of operations and cash flows.

SUPPLEMENTAL_CONDENSED_CONSOLI

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	9 Months Ended
	Sep. 28, 2013
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	'
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	'
	20. SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION

	On April 7, 2011 and June 8, 2012, the Company completed its offerings of Senior Notes. The Senior Notes are jointly and severally, fully and unconditionally guaranteed on a senior secured basis by certain of the Company’s current and future domestic subsidiaries, each of which is 100% owned by Fifth & Pacific Companies, Inc. (the “Parent Company Issuer”). The Senior Notes and the guarantees are secured on a first-priority basis by a lien on certain of the Company’s trademarks and on a second-priority basis by the other assets of the Company and of the guarantors, which secure the Company’s Amended Facility on a first-priority basis.

	The following tables present the Condensed Consolidating Balance Sheets, the Condensed Consolidating Statements of Operations, the Condensed Consolidating Statements of Comprehensive Loss and the Condensed Consolidating Statements of Cash Flows, in each instance for the Parent Company Issuer, its guarantor subsidiaries and its non-guarantor subsidiaries.

	The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10 and Article 10. The financial information may not necessarily be indicative of results of operations, cash flows or financial position had the Parent Company Issuer, guarantor or non-guarantor subsidiaries operated as independent entities.




	Fifth & Pacific Companies, Inc. and Subsidiaries
	Condensed Consolidating Balance Sheets
	September 28, 2013
	(In thousands)

		Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
		Company					Subsidiaries				Subsidiaries									Companies, Inc.
		Issuer

	Assets
	Current Assets:
	Cash and cash equivalents		$	--				$	2,770			$	16,124			$	(12,062	)			$	6,832
	Accounts receivable – trade, net		--					107,609				14,224				--					121,833
	Inventories, net		147					279,088				31,403				--					310,638
	Deferred income taxes		--					--				806				--					806
	Intercompany receivable		--					10,447				--				(10,447		)			--
	Other current assets		15,442					34,476				8,928				--					58,846
	Total current assets		15,589					434,390				71,485				(22,509		)			498,955

	Property and Equipment, Net		26,386					187,993				30,092				--					244,471
	Goodwill		--					--				52,679				--					52,679
	Intangibles, Net		174					112,225				10,203				--					122,602
	Deferred Income Taxes		--					--				64				--					64
	Investments in Consolidated Subsidiaries		412,873					120,165				--				(533,038		)			--
	Intercompany Receivable		1,895					40,754				--				(42,649		)			--
	Other Assets		13,785					916				23,540				--					38,241
	Total Assets		$	470,702				$	896,443			$	188,063			$	(598,196	)			$	957,012

	Liabilities and Stockholders’ (Deficit) Equity
	Current Liabilities:
	Short-term borrowings		$	135,456				$	--			$	1,984			$	--				$	137,440
	Accounts payable		35,288					187,176				7,352				(12,062		)			217,754
	Intercompany payable		8,221					--				56,535				(64,756		)			--
	Accrued expenses		72,008					127,907				9,455				--					209,370
	Income taxes payable		--					--				1,326				--					1,326
	Total current liabilities		250,973					315,083				76,652				(76,818		)			565,890

	Long-Term Debt		391,279					--				--				--					391,279
	Intercompany Payable		--					--				57,116				(57,116		)			--
	Other Non-Current Liabilities		49,165					138,366				11,347				--					198,878
	Deferred Income Taxes		--					18,201				3,479				--					21,680
	Commitments and Contingencies
	Total Stockholders’ (Deficit) Equity		(220,715		)			424,793				39,469				(464,262		)			(220,715		)
	Total Liabilities and Stockholders’ (Deficit) Equity		$	470,702				$	896,443			$	188,063			$	(598,196	)			$	957,012





	Fifth & Pacific Companies, Inc. and Subsidiaries
	Condensed Consolidating Balance Sheets
	December 29, 2012
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Assets
Current Assets:
Cash and cash equivalents		$	30,840				$	4,827			$	26,074			$	(2,339	)			$	59,402
Accounts receivable – trade, net		3,155					110,584				13,605				(5,753		)			121,591
Inventories, net		340					188,853				31,345				--					220,538
Deferred income taxes		180					--				1,079				--					1,259
Intercompany receivable		--					3,889				--				(3,889		)			--
Other current assets		15,903					28,986				4,577				--					49,466
Total current assets		50,418					337,139				76,680				(11,981		)			452,256

Property and Equipment, Net		7,331					186,694				25,938				--					219,963
Goodwill		--					--				60,223				--					60,223
Intangibles, Net		217					116,044				15,089				--					131,350
Deferred Income Taxes		--					--				65				--					65
Investments in Consolidated Subsidiaries		357,656					122,568				--				(480,224		)			--
Intercompany Receivable		2,084					46,348				--				(48,432		)			--
Other Assets		10,552					939				27,175				--					38,666
Total Assets		$	428,258				$	809,732			$	205,170			$	(540,637	)			$	902,523

Liabilities and Stockholders’ (Deficit) Equity
Current Liabilities:
Short-term borrowings		$	4,345				$	--			$	--			$	--				$	4,345
Convertible Senior Notes		18,287					--				--				--					18,287
Accounts payable		16,734					146,707				19,420				(8,156		)			174,705
Intercompany payable		7,643					--				52,603				(60,246		)			--
Accrued expenses		77,273					124,918				15,273				--					217,464
Income taxes payable		--					--				932				--					932
Deferred income taxes		--					--				116				--					116
Total current liabilities		124,282					271,625				88,344				(68,402		)			415,849

Long-Term Debt		383,662					--				--				--					383,662
Intercompany Payable		--					--				63,386				(63,386		)			--
Other Non-Current Liabilities		47,244					148,091				13,581				--					208,916
Deferred Income Taxes		--					15,664				5,362				--					21,026
Commitments and Contingencies
Total Stockholders’ (Deficit) Equity		(126,930		)			374,352				34,497				(408,849		)			(126,930		)
Total Liabilities and Stockholders’ (Deficit) Equity		$	428,258				$	809,732			$	205,170			$	(540,637	)			$	902,523





Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Balance Sheets
September 29, 2012
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Assets
Current Assets:
Cash and cash equivalents		$	18,035				$	2,086			$	11,170			$	(70	)			$	31,221
Accounts receivable – trade, net		3,704					113,814				9,137				--					126,655
Inventories, net		807					232,406				12,365				--					245,578
Deferred income taxes		--					--				170				--					170
Intercompany receivable		--					3,953				--				(3,953		)			--
Other current assets		17,879					22,839				7,199				--					47,917
Total current assets		40,425					375,098				40,041				(4,023		)			451,541

Property and Equipment, Net		13,916					191,106				19,565				--					224,587
Goodwill		--					--				1,574				--					1,574
Intangibles, Net		--					115,674				949				--					116,623
Investments in Consolidated Subsidiaries		323,404					27,983				--				(351,387		)			--
Intercompany Receivable		2,106					--				--				(2,106		)			--
Other Assets		11,755					18,317				18,955				--					49,027
Total Assets		$	391,606				$	728,178			$	81,084			$	(357,516	)			$	843,352

Liabilities and Stockholders’ (Deficit) Equity
Current Liabilities:
Short-term borrowings		$	4,681				$	--			$	--			$	--				$	4,681
Convertible Senior Notes		28,687					--				--				--					28,687
Accounts payable		10,127					152,018				6,774				(70		)			168,849
Intercompany payable		9,457					--				99,270				(108,727		)			--
Accrued expenses		95,339					113,847				5,815				--					215,001
Income taxes payable		--					--				794				--					794
Deferred income taxes		--					--				16				--					16
Total current liabilities		148,291					265,865				112,669				(108,797		)			418,028

Long-Term Debt		384,841					--				--				--					384,841
Intercompany Payable		--					--				17,262				(17,262		)			--
Other Non-Current Liabilities		50,672					153,849				12,436				--					216,957
Deferred Income Taxes		--					15,260				464				--					15,724
Commitments and Contingencies
Total Stockholders’ (Deficit) Equity		(192,198		)			293,204				(61,747		)		(231,457		)			(192,198		)
Total Liabilities and Stockholders’ (Deficit) Equity		$	391,606				$	728,178			$	81,084			$	(357,516	)			$	843,352






Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Operations
Nine Months Ended September 28, 2013
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Net Sales		$	6,599				$	1,044,766			$	133,002			$	--				$	1,184,367
Cost of goods sold		4,510					463,283				53,564				--					521,357
Gross Profit		2,089					581,483				79,438				--					663,010
Selling, general & administrative expenses		3,995					611,658				85,636				--					701,289
Impairment of intangible asset		--					3,300				--				--					3,300
Operating Loss		(1,906		)			(33,475		)		(6,198		)		--					(41,579		)
Other (expense) income, net		(1,707		)			70				175				--					(1,462		)
Impairment of cost investment		--					--				(6,109		)		--					(6,109		)
Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(50,191		)			(46,118		)		--				96,309					--
Loss on extinguishment of debt		(1,707		)			--				--				--					(1,707		)
Interest (expense) income, net		(35,270		)			1,300				(2,092		)		--					(36,062		)
(Loss) Income Before Provision (Benefit) for Income Taxes		(90,781		)			(78,223		)		(14,224		)		96,309					(86,919		)
Provision (benefit) for income taxes		--					5,417				(1,555		)		--					3,862
(Loss) Income from Continuing Operations		(90,781		)			(83,640		)		(12,669		)		96,309					(90,781		)
Discontinued operations, net of income taxes		(3,844		)			(856		)		(16,696		)		--					(21,396		)
Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(17,552		)			(19,650		)		--				37,202					--
Net (Loss) Income		$	(112,177	)			$	(104,146	)		$	(29,365	)		$	133,511				$	(112,177	)




Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Comprehensive Loss
Nine Months Ended September 28, 2013
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Net (Loss) Income		$	(112,177	)			$	(104,146	)		$	(29,365	)		$	133,511				$	(112,177	)
Other Comprehensive (Loss) Income, Net of Income Taxes		(7,127		)			(7,064		)		(6,832		)		13,896					(7,127		)
Comprehensive (Loss) Income		$	(119,304	)			$	(111,210	)		$	(36,197	)		$	147,407				$	(119,304	)





Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Operations
Nine Months Ended September 29, 2012
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Net Sales		$	18,401				$	954,520			$	45,640			$	--				$	1,018,561
Cost of goods sold		12,379					412,685				20,556				--					445,620
Gross Profit		6,022					541,835				25,084				--					572,941
Selling, general & administrative expenses		2,971					605,084				35,652				--					643,707
Operating Income (Loss)		3,051					(63,249		)		(10,568		)		--					(70,766		)
Other income, net		943					117				419				--					1,479
Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(78,616		)			(7,865		)		--				86,481					--
Loss on extinguishment of debt		(8,669		)			--				--				--					(8,669		)
Interest expense, net		(37,362		)			(72		)		(402		)		--					(37,836		)
(Loss) Income Before Provision for Income Taxes		(120,653		)			(71,069		)		(10,551		)		86,481					(115,792		)
Provision for income taxes		21					4,167				694				--					4,882
(Loss) Income from Continuing Operations		(120,674		)			(75,236		)		(11,245		)		86,481					(120,674		)
Discontinued operations, net of income taxes		705					(6,093		)		(5,477		)		--					(10,865		)
Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(11,570		)			2,737				--				8,833					--
Net (Loss) Income		$	(131,539	)			$	(78,592	)		$	(16,722	)		$	95,314				$	(131,539	)



Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Comprehensive Loss
Nine Months Ended September 29, 2012
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer


Net (Loss) Income		$	(131,539	)			$	(78,592	)		$	(16,722	)		$	95,314				$	(131,539	)
Other Comprehensive Income (Loss), Net of Income Taxes		70					(367		)		(47		)		414					70
Comprehensive (Loss) Income		$	(131,469	)			$	(78,959	)		$	(16,769	)		$	95,728				$	(131,469	)





Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Operations
Three Months Ended September 28, 2013
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Net Sales		$	201				$	380,598			$	49,805			$	--				$	430,604
Cost of goods sold		127					167,408				19,925				--					187,460
Gross Profit		74					213,190				29,880				--					243,144
Selling, general & administrative expenses		1,243					210,795				30,129				--					242,167
Impairment of intangible asset		--					3,300				--				--					3,300
Operating Loss		(1,169		)			(905		)		(249		)		--					(2,323		)
Other (expense) income, net		(85		)			62				1,384				--					1,361
Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(1,110		)			(28,058		)		--				29,168					--
Loss on extinguishment of debt		(599		)			--				--				--					(599		)
Interest (expense) income, net		(11,938		)			470				(619		)		--					(12,087		)
(Loss) Income Before Provision (Benefit) for Income Taxes		(14,901		)			(28,431		)		516				29,168					(13,648		)
Provision (benefit) for income taxes		--					2,371				(1,118		)		--					1,253
(Loss) Income from Continuing Operations		(14,901		)			(30,802		)		1,634				29,168					(14,901		)
Discontinued operations, net of income taxes		(759		)			(463		)		(743		)		--					(1,965		)
Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(1,206		)			333				--				873					--
Net (Loss) Income		$	(16,866	)			$	(30,932	)		$	891			$	30,041				$	(16,866	)




Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Comprehensive Loss
Three Months Ended September 28, 2013
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Net (Loss) Income		$	(16,866	)			$	(30,932	)		$	891			$	30,041				$	(16,866	)
Other Comprehensive Income (Loss), Net of Income Taxes		(212		)			(20		)		(227		)		247					(212		)
Comprehensive (Loss) Income		$	(17,078	)			$	(30,952	)		$	664			$	30,288				$	(17,078	)






Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Operations
Three Months Ended September 29, 2012
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Net Sales		$	8,423				$	335,724			$	20,409			$	--				$	364,556
Cost of goods sold		4,818					147,005				9,616				--					161,439
Gross Profit		3,605					188,719				10,793				--					203,117
Selling, general & administrative expenses		1,088					191,215				11,095				--					203,398
Operating Income (Loss)		2,517					(2,496		)		(302		)		--					(281		)
Other expense, net		(126		)			(433		)		(479		)		--					(1,038		)
Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(5,674		)			(2,458		)		--				8,132					--
Loss on extinguishment of debt		(3,023		)			--				--				--					(3,023		)
Interest (expense) income, net		(13,132		)			33				(129		)		--					(13,228		)
(Loss) Income Before (Benefit) Provision for Income Taxes		(19,438		)			(5,354		)		(910		)		8,132					(17,570		)
(Benefit) provision for income taxes		(45		)			1,627				241				--					1,823
(Loss) Income from Continuing Operations		(19,393		)			(6,981		)		(1,151		)		8,132					(19,393		)
Discontinued operations, net of income taxes		972					56				(436		)		--					592
Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(380		)			2,926				--				(2,546		)			--
Net (Loss) Income		$	(18,801	)			$	(3,999	)		$	(1,587	)		$	5,586				$	(18,801	)




Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Comprehensive Loss
Three Months Ended September 29, 2012
(In thousands)

	Parent					Guarantor				Non-Guarantor				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Subsidiaries									Companies, Inc.
	Issuer

Net (Loss) Income		$	(18,801	)			$	(3,999	)		$	(1,587	)		$	5,586				$	(18,801	)
Other Comprehensive Income (Loss), Net of Income Taxes		133					315				338				(653		)			133
Comprehensive (Loss) Income		$	(18,668	)			$	(3,684	)		$	(1,249	)		$	4,933				$	(18,668	)





Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 28, 2013
(In thousands)

	Parent					Guarantor				Non-				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Guarantor									Companies, Inc.
	Issuer									Subsidiaries

Net cash used in operating activities		$	(58,460	)			$	(49,517	)		$	(4,474	)		$	(9,723	)			$	(122,174	)

Cash Flows from Investing Activities:
Proceeds from sale of property and equipment		20,264					--				--				--					20,264
Purchases of property and equipment		(5,757		)			(62,644		)		(9,386		)		--					(77,787		)
Payments for in-store merchandise shops		--					(1,822		)		(657		)		--					(2,479		)
Investments in and advances to equity investees		--					--				(5,500		)		--					(5,500		)
Net proceeds from disposition		--					--				4,000				--					4,000
(Increase) decrease in investments in and advances to consolidated subsidiaries		(105,406		)			117,930				(12,524		)		--					--
Other, net		(303		)			334				70				--					101
Net cash used in investing activities of discontinued operations		--					--				(2,234		)		--					(2,234		)
Net cash (used in) provided by investing activities		(91,202		)			53,798				(26,231		)		--					(63,635		)

Cash Flows from Financing Activities:
Proceeds from borrowings under revolving credit agreement		493,527					--				2,169				--					495,696
Repayment of borrowings under revolving credit agreement		(359,277		)			--				(266		)		--					(359,543		)
Increase (decrease) in intercompany loans		767					(964		)		197				--					--
Proceeds from capital lease		--					8,673				--				--					8,673
Principal payments under capital lease obligations		(3,747		)			--				--				--					(3,747		)
Proceeds from exercise of stock options		2,326					--				--				--					2,326
Payment of deferred financing fees		(5,033		)			--				(238		)		--					(5,271		)
Net cash provided by financing activities		128,563					7,709				1,862				--					138,134

Effect of Exchange Rate Changes on Cash and Cash Equivalents		(9,741		)			(14,047		)		18,893				--					(4,895		)

Net Change in Cash and Cash Equivalents		(30,840		)			(2,057		)		(9,950		)		(9,723		)			(52,570		)
Cash and Cash Equivalents at Beginning of Period		30,840					4,827				26,074				(2,339		)			59,402
Cash and Cash Equivalents at End of Period		$	--				$	2,770			$	16,124			$	(12,062	)			$	6,832





Fifth & Pacific Companies, Inc. and Subsidiaries
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 29, 2012
(In thousands)

	Parent					Guarantor				Non-				Eliminations					Fifth & Pacific
	Company					Subsidiaries				Guarantor									Companies, Inc.
	Issuer									Subsidiaries

Net cash (used in) provided by operating activities		$	(8,735	)			$	(51,286	)		$	(27,355	)		$	95				$	(87,281	)

Cash Flows from Investing Activities:
Purchases of property and equipment		(3,080		)			(45,042		)		(7,058		)		--					(55,180		)
Payments for in-store merchandise shops		--					(1,477		)		(290		)		--					(1,767		)
Investments in and advances to equity investees		--					--				(5,000		)		--					(5,000		)
(Increase) decrease in investments in and advances to consolidated subsidiaries		(96,691		)			82,501				14,190				--					--
Other, net		(483		)			557				162				--					236
Net cash (used in) provided by investing activities		(100,254		)			36,539				2,004				--					(61,711		)

Cash Flows from Financing Activities:
Proceeds from borrowings under revolving credit agreement		113,389					--				--				--					113,389
Repayment of borrowings under revolving credit agreement		(113,389		)			--				--				--					(113,389		)
Proceeds from issuance of Senior Secured Notes		164,540					--				--				--					164,540
(Decrease) increase in intercompany loans		(17,766		)			(3,331		)		21,097				--					--
Repayment of Euro Notes		(158,027		)			--				--				--					(158,027		)
Principal payments under capital lease obligations		(3,331		)			--				--				--					(3,331		)
Proceeds from exercise of stock options		6,049					--				--				--					6,049
Payment of deferred financing fees		(6,064		)			--				--				--					(6,064		)
Net cash (used in) provided by financing activities		(14,599		)			(3,331		)		21,097				--					3,167

Effect of Exchange Rate Changes on Cash and Cash Equivalents		(3,160		)			(138		)		408				--					(2,890		)

Net Change in Cash and Cash Equivalents		(126,748		)			(18,216		)		(3,846		)		95					(148,715		)
Cash and Cash Equivalents at Beginning of Period		144,783					20,302				15,016				(165		)			179,936
Cash and Cash Equivalents at End of Period		$	18,035				$	2,086			$	11,170			$	(70	)			$	31,221

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 28, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	21. SUBSEQUENT EVENTS

	On October 7, 2013, the Company entered into a definitive agreement (the “Agreement”) to sell its JUICY COUTURE brandname and related intellectual property assets of Juicy Couture, Inc., a wholly-owned subsidiary of the Company (“Juicy Couture”) and certain of the Company’s other subsidiaries (the “Juicy Couture IP”), to ABG-Juicy LLC (“ABG”) for a total purchase price of $195.0 million (the “Transaction”). The Transaction closed on November 6, 2013. An additional payment may be payable to the Company in an amount of up to $10.0 million if certain conditions regarding future performance are achieved. The Juicy Couture IP is licensed back to Juicy Couture until December 31, 2014 to accommodate the wind-down of operations. Juicy Couture will pay guaranteed minimum royalties to ABG of $10.0 million during the term of the wind-down license. The Company expects to use the net cash proceeds from the sale to make an offer to holders of the Senior Notes to purchase their Senior Notes at par plus accrued and unpaid interest, in accordance with the indenture governing the Senior Notes. To the extent holders of Senior Notes do not accept the offer, the Company expects to use any remaining net cash proceeds to reduce its outstanding debt and for general corporate purposes.

	As a result of the Transaction, the Company expects to incur estimated cash restructuring and other cash transition charges (including estimated contract termination, employee related and other costs) of $50.0 - 60.0 million. The Company also expects transaction costs, including professional fees, to approximate $10.0 million. The resulting net proceeds of this transaction are estimated at $125.0 - $135.0 million. The Company also expects to incur non-cash asset impairment charges of $30.0 - $40.0 million.

	Effective November 6, 2013, the Company entered into an amendment to its Amended Facility to permit the Transaction and permit the Company to add back to Adjusted EBITDA such cash restructuring and transition charges associated with the Transaction in the calculation of certain covenants included in the Company’s debt and credit facilities.

BASIS_OF_PRESENTATION_Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 28, 2013
BASIS OF PRESENTATION	'
NATURE OF OPERATIONS	'
	NATURE OF OPERATIONS

	Fifth & Pacific Companies, Inc. is engaged primarily in the design and marketing of a broad range of apparel and accessories. The Company’s fiscal year ends on the Saturday closest to December 31. The 2013 fiscal year, ending December 28, 2013, reflects a 52-week period, resulting in a 13-week, three-month period and a 39-week, nine-month period for the third quarter. The 2012 fiscal year, ending December 29, 2012, reflects a 52-week period, resulting in a 13-week, three-month period and a 39-week, nine-month period for the third quarter.
PRINCIPLES OF CONSOLIDATION	'
	PRINCIPLES OF CONSOLIDATION

	The Condensed Consolidated Financial Statements include the accounts of the Company. All inter-company balances and transactions have been eliminated in consolidation.
USE OF ESTIMATES AND CRITICAL ACCOUNTING POLICIES	'
	USE OF ESTIMATES AND CRITICAL ACCOUNTING POLICIES

	The Company’s critical accounting policies are those that are most important to the portrayal of its financial condition and results of operations in conformity with US GAAP. These critical accounting policies are applied in a consistent manner. The Company’s critical accounting policies are summarized in Note 1 of Notes to Consolidated Financial Statements included in its Annual Report on Form 10-K for the fiscal year ended December 29, 2012.

	The application of critical accounting policies requires that the Company make estimates and assumptions about future events and apply judgments that affect the reported amounts of revenues and expenses. Estimates by their nature are based on judgments and available information. Therefore, actual results could materially differ from those estimates under different assumptions and conditions. The Company continues to monitor the critical accounting policies to ensure proper application of current rules and regulations. During the third quarter of 2013, there were no significant changes in the critical accounting policies discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 29, 2012.
RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS	'
	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

	On December 30, 2012, the first day of the Company’s 2013 fiscal year, the Company adopted new accounting guidance on testing indefinite-lived intangible assets for impairment, which provides an entity the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount. The adoption of the new accounting guidance did not affect the Company’s financial position, results of operations or cash flows.

	On December 30, 2012, the Company adopted new accounting guidance on comprehensive income, which requires an entity to prospectively provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, but only if the amount reclassified is required under US GAAP to be reclassified to net income in its entirety in the same reporting period. The adoption of the new accounting guidance did not affect the Company’s financial position, results of operations or cash flows, but required additional disclosure (see Note 4 – Stockholders’ Deficit).

ACQUISITION_Tables

ACQUISITION (Tables)	9 Months Ended
ACQUISITION (Tables)	Sep. 28, 2013
ACQUISITION	'
Schedule of unaudited pro forma financial information reflecting the results of continuing operations of the Company as if the KSJ Buyout had been completed on January 1, 2012	'
		Nine Months Ended		Three Months Ended
	In thousands, except per share amounts	September 29, 2012		September 29, 2012
	In thousands, except per share amounts	(39 Weeks)		(13 Weeks)

	Net sales	$ 1,084,329		$ 387,086
	Gross profit	616,541		217,865
	Operating (loss) income	(67,284	)	56
	Loss before provision for income taxes	(112,723	)	(17,350	)
	Loss from continuing operations	(119,016	)	(19,236	)
	Diluted loss per share from continuing operations	(1.11	)	(0.17	)

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 28, 2013
DISCONTINUED OPERATIONS	'
Summary of results of discontinued operations	'
		Nine Months Ended						Three Months Ended
		September 28,			September 29,			September 28,			September 29,
		2013			2012			2013			2012
		(39 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	In thousands
	Net sales	$	(23	)	$	1,615		$	(1	)	$	(159	)

	Loss before (benefit) provision for income taxes	$	(2,275	)	$	(4,837	)	$	(443	)	$	(364	)
	(Benefit) provision for income taxes	(128		)	(1,867		)	14			20
	Loss from discontinued operations, net of income taxes	$	(2,147	)	$	(2,970	)	$	(457	)	$	(384	)

	(Loss) income on disposal of discontinued operations, net of income taxes	$	(19,249	)	$	(7,895	)	$	(1,508	)	$	976

STOCKHOLDERS_DEFICIT_Tables

STOCKHOLDERS' DEFICIT (Tables)	9 Months Ended
	Sep. 28, 2013
STOCKHOLDERS' DEFICIT	'
Schedule of activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts	'


	In thousands	Capital in Excess			Retained			Common Stock in
		of Par Value			Earnings			Treasury, at Cost
	Balance as of December 29, 2012	$	147,018		$	1,071,551		$	(1,511,862	)
	Net loss	--			(112,177		)	--
	Exercise of stock options	--			(3,773		)	6,099
	Restricted shares issued, net of cancellations and shares withheld for taxes	--			(5,344		)	3,212
	Share-based compensation	5,206			--			--
	Exchanges of Convertible Senior Notes, net	(652		)	(112,230		)	133,001
	Balance as of September 28, 2013	$	151,572		$	838,027		$	(1,369,550	)





	In thousands	Capital in Excess			Retained			Common Stock in
		of Par Value			Earnings			Treasury, at Cost
	Balance as of December 31, 2011	$	302,330		$	1,246,063		$	(1,827,892	)
	Net loss	--			(131,539		)	--
	Exercise of stock options	(10,642		)	(2,197		)	18,888
	Restricted shares issued, net of cancellations and shares withheld for taxes	(3,951		)	(142		)	2,772
	Share-based compensation	7,157			--			--
	Dividend equivalent units vested	--			(2		)	2
	Exchange of Convertible Senior Notes, net	(147,757		)	(17,762		)	201,891
	Balance as of September 29, 2012	$	147,137		$	1,094,421		$	(1,604,339	)
Schedule of accumulated other comprehensive (loss) income	'
	In thousands	September 28,			December 29,			September 29,
		2013			2012			2012
	Cumulative translation adjustment	$	(17,745	)	$	(10,074	)	$	(5,855	)
	Unrealized gains on cash flow hedging derivatives, net of income tax expense of $333	544			--			--
	Unrealized gains on available-for-sale securities, net of income taxes of $0	--			--			1
	Accumulated other comprehensive loss, net of income taxes	$	(17,201	)	$	(10,074	)	$	(5,854	)
Schedule of the change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'


	In thousands	Cumulative Translation				Unrealized Gains on
		Adjustment				Cash Flow Hedging
						Derivatives
	Balance as of December 29, 2012		$	(10,074	)		$	--
	Other comprehensive (loss) income before reclassification		(7,671		)		1,099
	Amounts reclassified from accumulated other comprehensive income		--				(555		)
	Net current-period other comprehensive (loss) income		(7,671		)		544
	Balance as of September 28, 2013		$	(17,745	)		$	544


	In thousands	Cumulative Translation				Unrealized Gains on
		Adjustment				Cash Flow Hedging
						Derivatives
	Balance as of June 29, 2013		$	(18,002	)		$	1,013
	Other comprehensive income (loss) before reclassification		257				(101		)
	Amounts reclassified from accumulated other comprehensive income		--				(368		)
	Net current-period other comprehensive (loss) income		257				(469		)
	Balance as of September 28, 2013		$	(17,745	)		$	544

INVENTORIES_NET_Tables

INVENTORIES, NET (Tables)	9 Months Ended
INVENTORIES, NET (Tables)	Sep. 28, 2013
INVENTORIES, NET	'
Schedule of inventories, net	'
	In thousands	September 28, 2013			December 29, 2012			September 29, 2012
	Raw materials and work in process		$	1,999		$	299		$	195
	Finished goods		308,639			220,239			245,383
	Total inventories, net		$	310,638		$	220,538		$	245,578

PROPERTY_AND_EQUIPMENT_NET_Tab

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
PROPERTY AND EQUIPMENT, NET (Tables)	Sep. 28, 2013
PROPERTY AND EQUIPMENT, NET	'
Schedule of property and equipment, net	'

	In thousands	September 28, 2013			December 29, 2012			September 29, 2012
	Land and buildings (a)		$	9,300		$	45,988		$	48,893
	Machinery and equipment		209,196			233,742			229,686
	Furniture and fixtures		142,707			131,181			137,839
	Leasehold improvements		269,515			258,527			257,969
			630,718			669,438			674,387
	Less: Accumulated depreciation and amortization		386,247			449,475			449,800
	Total property and equipment, net		$	244,471		$	219,963		$	224,587


	(a) The decrease in the balance compared to September 29, 2012 reflected the sale and leaseback of the Company’s North Bergen, NJ office and West Chester, OH distribution center (the “Ohio Facility”).

GOODWILL_AND_INTANGIBLES_NET_T

GOODWILL AND INTANGIBLES, NET (Tables)	9 Months Ended
GOODWILL AND INTANGIBLES, NET (Tables)	Sep. 28, 2013
GOODWILL AND INTANGIBLES, NET	'
Schedule of carrying value of all intangible assets	'

	In thousands		Weighted			28-Sep-13			29-Dec-12			29-Sep-12
			Average
			Amortization
			Period

	Amortized intangible assets:
	Gross carrying amount:
	Owned trademarks (a)		5 years			$	3,479		$	1,479		$	1,479
	Customer relationships		12 years			7,335			7,457			6,439
	Merchandising rights		4 years			17,188			19,174			17,578
	Reacquired rights (b)		3 years			12,131			13,797			--
	Other		4 years			2,322			2,322			2,322
	Subtotal					42,455			44,229			27,818
	Accumulated amortization:
	Owned trademarks					(1,475		)	(1,356		)	(1,316		)
	Customer relationships					(3,843		)	(3,138		)	(2,927		)
	Merchandising rights					(10,974		)	(13,131		)	(12,548		)
	Reacquired rights					(3,707		)	(812		)	--
	Other					(2,054		)	(1,942		)	(1,904		)
	Subtotal					(22,053		)	(20,379		)	(18,695		)
	Net:
	Owned trademarks					2,004			123			163
	Customer relationships					3,492			4,319			3,512
	Merchandising rights					6,214			6,043			5,030
	Reacquired rights					8,424			12,985			--
	Other					268			380			418
	Total amortized intangible assets, net					20,402			23,850			9,123

	Unamortized intangible assets:
	Owned trademarks (c)					102,200			107,500			107,500
	Total intangible assets					$	122,602		$	131,350		$	116,623

	Goodwill (b)					$	52,679		$	60,223		$	1,574


	(a)	The increase in the balance compared to September 29, 2012 reflected the reclassification of the fair value of the TRIFARI trademark, which was classified as an unamortized intangible asset prior to September 28, 2013.
	(b)	The increase in the balance compared to September 29, 2012 reflected the KSJ Buyout (see Note 2 – Acquisition).
	(c)	The decrease in the balance compared to September 29, 2012 reflected a non-cash impairment charge of $3.3 million in the Company’s Adelington Design Group segment related to the TRIFARI trademark and the reclassification of the remaining carrying value of such trademark to an amortized intangible asset as of September 28, 2013.
Schedule of estimated amortization expense for intangible assets for the next five fiscal years	'
	Fiscal Year		Amortization Expense
	(In millions)
	2013		$ 6.2
	2014		6.4
	2015		5.2
	2016		1.9
	2017		1.1
Schedule of changes in carrying amount of goodwill	'

	In thousands		KATE SPADE					Adelington					Total
	In thousands		KATE SPADE					Design Group					Total
	Balance as of December 29, 2012			$	58,669				$	1,554				$	60,223
	Translation adjustment			(7,493		)			(51		)			(7,544		)
	Balance as of September 28, 2013			$	51,176				$	1,503				$	52,679


	In thousands	Adelington					Total
	In thousands	Design Group					Total
	Balance as of December 31, 2011		$	1,519				$	1,519
	Translation adjustment		55					55
	Balance as of September 29, 2012		$	1,574				$	1,574

DEBT_AND_LINES_OF_CREDIT_Table

DEBT AND LINES OF CREDIT (Tables)	9 Months Ended
DEBT AND LINES OF CREDIT (Tables)	Sep. 28, 2013
DEBT AND LINES OF CREDIT	'
Schedule of long-term debt	'


	In thousands	28-Sep-13			29-Dec-12			29-Sep-12

	6.0% Convertible Senior Notes, due June 2014 (a)		$	--		$	18,287		$	28,687
	10.5% Senior Secured Notes, due April 2019		382,588			383,662			384,033
	Revolving credit facility		136,233			--			--
	Capital lease obligations (b)		9,898			4,345			5,489
	Total debt		528,719			406,294			418,209
	Less: Short-term borrowings (c)		137,440			4,345			4,681
	Convertible Notes (d)		--			18,287			28,687
	Long-term debt		$	391,279		$	383,662		$	384,841

	(a)	The decrease in the balance compared to September 29, 2012 reflected the exchange of the remaining aggregate principal amount of the $90.0 million Convertible Senior Notes (the “Convertible Notes”) during the last 12 months. The balance at December 29, 2012 and September 29, 2012 represented principal of $19.9 million and $31.6 million, respectively and an unamortized debt discount of $1.6 million and $2.9 million, respectively.
	(b)	The increase in the balance compared to September 29, 2012 primarily reflected the sale-leaseback for the office building in North Bergen, NJ during the second quarter of 2013.
	(c)	At September 28, 2013, the balance consisted of outstanding borrowings under the Company’s amended and restated revolving credit facility (as amended to date, the “Amended Facility”) and obligations under capital leases. At December 29, 2012 and September 29, 2012, the balance consisted of obligations under capital leases.
	(d)	The Convertible Notes were reflected as a current liability since they were convertible at December 29, 2012 and September 29, 2012.
Schedule of availability under the Company's prior Amended Facility	'
	As of September 28, 2013, availability under the Company’s Amended Facility was as follows:

	In thousands			Total		Borrowing		Outstanding		Letters of	Available	Excess
	In thousands			Facility (a)		Base (a)		Borrowings		Credit Issued	Capacity	Capacity (b)

	Revolving credit facility (a)			$350,000		$341,329		$136,233		$19,513	$185,583	$150,583



	(a)	Availability under the Amended Facility is the lesser of $350.0 million or a borrowing base comprised primarily of eligible cash, accounts receivable and inventory.
	(b)	Excess capacity represents available capacity reduced by the minimum required aggregate borrowing availability under the Amended Facility of $35.0 million.

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Sep. 28, 2013
FAIR VALUE MEASUREMENTS	'
Schedule of financial assets and liabilities of the Company measured at fair value on recurring basis	'
		Level 2
	In thousands	28-Sep-13					29-Dec-12
	Financial Assets:
	Derivatives		$	525				$	1,037
	Financial Liabilities:
	Derivatives		$	(373	)			$	--
Schedule of non-financial assets of the Company measured at fair value on non-recurring basis	'
															Total Losses
			Net Carrying			Fair Value Measured and Recorded at									Nine Months		Three Months
			Value as of			Reporting Date Using:									Ended		Ended
			September 28,												September 28,		September 28,
	In thousands		2013												2013		2013
	In thousands					Level 1			Level 2			Level 3
	Property and equipment		$	--		$	--		$	--		$	--		$	667	$	--
	Intangibles, net			2,000			--			--			2,000			3,300		3,300
	Other assets			--			--			--			--			6,109		--


													Total Losses
			Net Carrying			Fair Value Measured and Recorded at							Nine Months			Three Months
			Value as of			Reporting Date Using:							Ended			Ended
	In thousands		September 29,			Level 1		Level 2		Level 3			September 29,			September 29,
	In thousands		2012			Level 1		Level 2		Level 3			2012			2012
	Property and equipment		$	23,687		$ --		$ --		$	23,687		$	27,905		$ --

Schedule of fair values and carrying values of the Company's debt instruments	'


			28-Sep-13						29-Dec-12						29-Sep-12
	In thousands		Fair Value			Carrying			Fair Value			Carrying			Fair Value		Carrying
	In thousands		Fair Value			Value			Fair Value			Value			Fair Value		Value
	6.0% Convertible Senior Notes, due June 2014 (a)		$	--		$	--		$	69,088		$	18,287		$	115,374	$	28,687
	10.5% Senior Secured Notes, due April 2019 (a)		405,480			382,588			410,828			383,662			420,128		384,033
	Revolving credit facility (b)		136,233			136,233			--			--			--		--





	(a) Carrying values include unamortized debt discount or premium.
	(b) Borrowings under the Amended Facility bear interest based on market rate; accordingly, its fair value approximates its carrying value.

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 28, 2013
COMMITMENTS AND CONTINGENCIES	'
Schedule of estimated future minimum lease payments under the noncancelable capital lease	'
	As of September 28, 2013, the estimated future minimum lease payments under the noncancelable capital lease were as follows:

	In millions
	2013	$	0.6
	2014	2
	2015	2
	2016	2.1
	2017	2.1
	Thereafter	17.5
	Total	26.3
	Less: Amounts representing interest and executory costs	(17.2		)
	Net present values	9.1
	Less: Capital lease obligations included in short-term debt	(0.4		)
	Long-term capital lease obligations	$	8.7

STREAMLINING_INITIATIVES_Table

STREAMLINING INITIATIVES (Tables)	9 Months Ended
STREAMLINING INITIATIVES (Tables)	Sep. 28, 2013
STREAMLINING INITIATIVES	'
Schedule of expenses (adjustment to previously recorded estimates) associated with the Company's streamlining actions	'
		Nine Months Ended						Three Months Ended
	In thousands		September 28,			September 29,			September 28,			September 29,
			2013			2012			2013			2012
			(39 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	JUICY COUTURE	$	2,354		$	6,333		$	(513	)	$	2,193
	LUCKY BRAND		750			2,758			(587	)		183
	KATE SPADE		528			2,384			(383	)		110
	Adelington Design Group		163			3,026			(227	)		297
	Corporate		1,544			28,656			662			3,046
	Total	$	5,339		$	43,157		$	-1,048		$	5,829
Summary rollforward of the liability for streamlining initiatives	'

	In thousands		Payroll and				Contract			Asset			Other Costs			Total
			Related Costs				Termination			Write-Downs
							Costs
	Balance at December 29, 2012		$	5,468			$	4,248		$	--		$	15,930		$	25,646
	2013 provision (a)		2,002				(84		)	1,502			1,919			5,339
	2013 asset write-downs		--				--			(1,502		)	--			(1,502		)
	Translation difference		(18			)	7			--			4			(7		)
	2013 spending		(6,941			)	(1,666		)	--			(5,588		)	(14,195		)
	Balance at September 28, 2013		$		511		$	2,505		$	--		$	12,265		$	15,281


	(a) Payroll and related costs and contract termination costs include changes to previously recorded estimates.

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 28, 2013
EARNINGS PER COMMON SHARE	'
Schedule of computation of basic and diluted earnings per common share	'


		Nine Months Ended						Three Months Ended
	In thousands	September 28,			September 29,			September 28,			September 29,
		2013			2012			2013			2012
		(39 Weeks)			(39 Weeks)			(13 Weeks)			(13 Weeks)
	Loss from continuing operations	$	(90,781	)	$	(120,674	)	$	(14,901	)	$	(19,393	)
	(Loss) income from discontinued operations, net of income taxes	(21,396		)	(10,865		)	(1,965		)	592
	Net loss	$	(112,177	)	$	(131,539	)	$	(16,866	)	$	(18,801	)

	Basic weighted average shares outstanding	120,480			107,692			122,396			113,109
	Stock options and nonvested shares (a)(b)	--			--			--			--
	Convertible Notes (c)	--			--			--			--
	Diluted weighted average shares outstanding (a)(b)(c)	120,480			107,692			122,396			113,109

	Loss per share:
	Basic and diluted
	Loss from continuing operations	$	(0.75	)	$	(1.12	)	$	(0.12	)	$	(0.17	)
	(Loss) income from discontinued operations	$	(0.18	)	$	(0.10	)	$	(0.02	)	$	--
	Net loss	$	(0.93	)	$	(1.22	)	$	(0.14	)	$	(0.17	)

	(a) Because the Company incurred a loss from continuing operations for the nine and three months ended September 28, 2013 and September 29, 2012, all outstanding stock options and nonvested shares are antidilutive for such periods. Accordingly, for the nine and three months ended September 28, 2013 and September 29, 2012, approximately 5.7 million and 5.9 million outstanding stock options, respectively, and approximately 0.6 million and 0.5 million outstanding nonvested shares, respectively, were excluded from the computation of diluted loss per share.
	(b) Excludes approximately 0.5 million nonvested shares for the nine and three months ended September 28, 2013 and 1.2 million nonvested shares for the nine and three months ended September 29, 2012, for which the performance criteria have not yet been achieved.
	(c) Because the Company incurred a loss from continuing operations for the nine and three months ended September 28, 2013 and September 29, 2012, approximately 2.0 million and 13.7 million potentially dilutive shares issuable upon conversion of the Convertible Notes, respectively and approximately 0.3 million and 8.9 million potentially dilutive shares issuable upon conversion of the Convertible Notes, respectively, were considered antidilutive for such periods, and were excluded from the computation of diluted loss per share.

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	9 Months Ended
SEGMENT REPORTING (Tables)	Sep. 28, 2013
SEGMENT REPORTING	'
Schedule of segment reporting information, by segment	'

	Dollars in thousands	Net Sales			% to Total		Adjusted			% of Sales
	Dollars in thousands	Net Sales			% to Total		EBITDA			% of Sales
	Nine Months Ended September 28, 2013 (39 weeks)
	Reportable Segments:
	JUICY COUTURE	$	310,049		26.20%		$	(5,351	)	-1.7	%
	LUCKY BRAND	346,376			29.20%		14,252			4.1	%
	KATE SPADE	487,485			41.20%		66,350			13.6	%
	Adelington Design Group	40,457			3.40%		9,691			24	%
	Corporate	--			-- %		(49,516		)	--	%
	Totals	$	1,184,367		100.00%

	Nine Months Ended September 29, 2012 (39 weeks)
	Reportable Segments:
	JUICY COUTURE	$	344,984		33.90%		$	12,604		3.7	%
	LUCKY BRAND	324,245			31.80%		13,488			4.2	%
	KATE SPADE	289,216			28.40%		51,578			17.8	%
	Adelington Design Group	60,116			5.90%		14,032			23.3	%
	Corporate	--			-- %		(56,573		)	--	%
	Totals	$	1,018,561		100.00%



	Dollars in thousands	Net Sales			% to Total		Adjusted			% of Sales
	Dollars in thousands	Net Sales			% to Total		EBITDA			% of Sales
	Three Months Ended September 28, 2013 (13 weeks)
	Reportable Segments:
	JUICY COUTURE	$	117,991		27.40%		$	6,924		5.9	%
	LUCKY BRAND	120,001			27.90%		4,907			4.1	%
	KATE SPADE	179,727			41.70%		23,510			13.1	%
	Adelington Design Group	12,885			3.00%		3,947			30.6	%
	Corporate	--			-- %		(14,859		)	--	%
	Totals	$	430,604		100.00%

	Three Months Ended September 29, 2012 (13 weeks)
	Reportable Segments:
	JUICY COUTURE	$	129,837		35.60%		$	6,511		5	%
	LUCKY BRAND	111,797			30.70%		6,736			6	%
	KATE SPADE	101,880			27.90%		15,721			15.4	%
	Adelington Design Group	21,042			5.80%		7,308			34.7	%
	Corporate	--			-- %		(15,521		)	--	%
	Totals	$	364,556		100.00%
Schedule of reconciliation to Loss from continuing operations	'

		Nine Months Ended										Three Months Ended
			September 28,					September 29,					September 28,			September 29,
			2013					2012					2013			2012
			(39 Weeks)					(39 Weeks)					(13 Weeks)			(13 Weeks)
	In thousands
	Reportable Segments Adjusted EBITDA:
	JUICY COUTURE		$	(5,351	)			$	12,604				$	6,924		$	6,511
	LUCKY BRAND		14,252					13,488					4,907			6,736
	KATE SPADE (a)		66,350					51,578					23,510			15,721
	Adelington Design Group		9,691					14,032					3,947			7,308
	Total Reportable Segments Adjusted EBITDA		84,942					91,702					39,288			36,276
	Unallocated Corporate Costs		(49,516		)			(56,573		)			(14,859		)	(15,521		)
	Depreciation and amortization, net (b)		(49,482		)			(46,796		)			(16,533		)	(14,282		)
	Impairment of intangible asset		(3,300		)			--					(3,300		)	--
	Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net (c)		(20,000		)			(52,416		)			(5,635		)	(6,721		)
	Share-based compensation		(5,206		)			(7,157		)			(1,705		)	(1,561		)
	Equity loss included in Reportable Segments Adjusted EBITDA		983					474					421			1,528
	Operating Loss		(41,579		)			(70,766		)			(2,323		)	(281		)
	Other (expense) income, net(a)		(1,462		)			1,479					1,361			(1,038		)
	Impairment of cost investment		(6,109		)			--					--			--
	Loss on extinguishment of debt		(1,707		)			(8,669		)			(599		)	(3,023		)
	Interest expense, net		(36,062		)			(37,836		)			(12,087		)	(13,228		)
	Provision for income taxes		3,862					4,882					1,253			1,823
	Loss from Continuing Operations		$	(90,781	)			$	(120,674	)			$	(14,901	)	$	(19,393	)

	(a) Amounts include equity in the losses of equity method investees of $1.0 million and $0.5 million for the nine months ended September 28, 2013 and September 29, 2012, respectively and $0.4 million and $1.5 million for the three months ended September 28, 2013 and September 29, 2012, respectively.
	(b) Excludes amortization included in Interest expense, net.
	(c) See Note 10 – Fair Value Measurements for a discussion of impairment charges and Note 12 – Streamlining Initiatives for a discussion of streamlining charges.
Schedule of geographic data	'

	Dollars in thousands	Net Sales			% to Total
	Nine Months Ended September 28, 2013 (39 weeks)
	Domestic	$	1,051,365		88.8	%
	International	133,002			11.2	%
	Totals	$	1,184,367		100	%

	Nine Months Ended September 29, 2012 (39 weeks)
	Domestic	$	972,921		95.5	%
	International	45,640			4.5	%
	Totals	$	1,018,561		100	%

	Dollars in thousands	Net Sales			% to Total
	Three Months Ended September 28, 2013 (13 weeks)
	Domestic	$	380,799		88.4	%
	International	49,805			11.6	%
	Totals	$	430,604		100	%

	Three Months Ended September 29, 2012 (13 weeks)
	Domestic	$	344,147		94.4	%
	International	20,409			5.6	%
	Totals	$	364,556		100	%

DERIVATIVE_INSTRUMENTS_Tables

DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 28, 2013

DERIVATIVE INSTRUMENTS

Summary of fair value and presentation in Condensed Consolidated Financial Statements for derivatives designated as hedging instruments and derivatives not designated as hedging instruments

Foreign Currency Contracts Designated as Hedging Instruments

In thousands

Asset Derivatives

Liability Derivatives

Period

Balance Sheet

Notional

Fair Value

Balance Sheet

Notional

Fair Value

Location

Amount

Location

Amount

September 28, 2013

Other current assets

10,148

525

Accrued expenses

21,400

132

Foreign Currency Contracts Not Designated as Hedging Instruments

In thousands

Asset Derivatives

Liability Derivatives

Period

Balance Sheet

Notional

Fair Value

Balance Sheet

Notional

Fair Value

Location

Amount

Location

Amount

September 28, 2013

Other current assets

Accrued expenses

40,454

241

December 29, 2012

Other current assets

47,486

1,037

Accrued expenses

Summary of effect of foreign currency exchange contracts on Condensed Consolidated Financial Statements

In thousands

Amount of Loss

Location of Gain or

Amount of Gain or

Amount of Loss

Recognized in

(Loss) Reclassified

Recognized in

Accumulated OCI

from Accumulated

Operations on

on Derivative

OCI into Operations

Derivative

(Effective Portion)

(Effective and

(Effective Portion)

(Ineffective

Ineffective Portion)

Portion)

Nine months ended

1,772

Cost of goods sold

895

September 28, 2013

Three months ended

(164

)

Cost of goods sold

593

September 28, 2013

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
SHARE-BASED COMPENSATION (Tables)	Sep. 28, 2013
SHARE-BASED COMPENSATION	'
Schedule of valuation assumptions used to estimate fair value of stock options granted using the Binomial lattice pricing model	'
			Nine Months Ended
	Valuation Assumptions:		September 28, 2013		September 29, 2012
	Weighted-average fair value of options granted		$10.32		$5.99
	Expected volatility		59.50%		63.30%
	Weighted-average volatility		59.50%		63.30%
	Expected term (in years)		4.9		5.1
	Dividend yield		—		—
	Risk-free rate		0.1% to 3.9%		0.2% to 3.8%
	Expected annual forfeiture		12.40%		13.50%
Summary of award activity under Company's stock option plans	'
			Shares		Weighted			Weighted Average	Aggregate
					Average Exercise			Remaining	Intrinsic Value
					Price			Contractual Term	(In thousands)
	Outstanding at December 29, 2012		5,846,975		$	12.21		4	$	27,218
	Granted		322,500		20.99
	Exercised		(305,800	)	7.61				4,168
	Cancelled/expired		(210,550	)	20.15
	Outstanding at September 28, 2013		5,653,125		$	12.67		3.5	$	82,364

	Vested or expected to vest at September 28, 2013		5,446,505		$	12.67		3.4	$	79,721

	Exercisable at September 28, 2013		4,270,625		$	13.24		2.8	$	62,506
Summary of award activity under Company's restricted stock plans	'

			Shares		Weighted
					Average Grant
					Date Fair Value
	Nonvested stock at December 29, 2012 (a)		1,678,350			$	8.4
	Granted		350,000			21.38
	Vested		(260,600	)		5.68
	Cancelled (b)		(677,500	)		6.45
	Nonvested stock at September 28, 2013 (a)		1,090,250			$	14.43

	Expected to vest as of September 28, 2013		501,135			$	16.43


	(a)	Includes performance shares granted to a group of key executives with certain performance conditions measured through December 2013 and a market and service condition through December 2014.
	(b)	Includes performance shares granted to a group of key executives with certain performance conditions measured through July 2013. Based on the performance criteria, these shares were deemed unearned and cancelled.

SUPPLEMENTAL_CONDENSED_CONSOLI1

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	9 Months Ended
	Sep. 28, 2013
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	'
Schedule of condensed consolidating balance sheets	'
	Condensed Consolidating Balance Sheets
	September 28, 2013
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer

	Assets
	Current Assets:
	Cash and cash equivalents		$	--				$	2,770				$	16,124				$	(12,062	)			$	6,832
	Accounts receivable – trade, net		--					107,609					14,224					--					121,833
	Inventories, net		147					279,088					31,403					--					310,638
	Deferred income taxes		--					--					806					--					806
	Intercompany receivable		--					10,447					--					(10,447		)			--
	Other current assets		15,442					34,476					8,928					--					58,846
	Total current assets		15,589					434,390					71,485					(22,509		)			498,955

	Property and Equipment, Net		26,386					187,993					30,092					--					244,471
	Goodwill		--					--					52,679					--					52,679
	Intangibles, Net		174					112,225					10,203					--					122,602
	Deferred Income Taxes		--					--					64					--					64
	Investments in Consolidated Subsidiaries		412,873					120,165					--					(533,038		)			--
	Intercompany Receivable		1,895					40,754					--					(42,649		)			--
	Other Assets		13,785					916					23,540					--					38,241
	Total Assets		$	470,702				$	896,443				$	188,063				$	(598,196	)			$	957,012

	Liabilities and Stockholders’ (Deficit) Equity
	Current Liabilities:
	Short-term borrowings		$	135,456				$	--				$	1,984				$	--				$	137,440
	Accounts payable		35,288					187,176					7,352					(12,062		)			217,754
	Intercompany payable		8,221					--					56,535					(64,756		)			--
	Accrued expenses		72,008					127,907					9,455					--					209,370
	Income taxes payable		--					--					1,326					--					1,326
	Total current liabilities		250,973					315,083					76,652					(76,818		)			565,890

	Long-Term Debt		391,279					--					--					--					391,279
	Intercompany Payable		--					--					57,116					(57,116		)			--
	Other Non-Current Liabilities		49,165					138,366					11,347					--					198,878
	Deferred Income Taxes		--					18,201					3,479					--					21,680
	Commitments and Contingencies
	Total Stockholders’ (Deficit) Equity		(220,715		)			424,793					39,469					(464,262		)			(220,715		)
	Total Liabilities and Stockholders’ (Deficit) Equity		$	470,702				$	896,443				$	188,063				$	(598,196	)			$	957,012



	Condensed Consolidating Balance Sheets
	December 29, 2012
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer

	Assets
	Current Assets:
	Cash and cash equivalents		$	30,840				$	4,827				$	26,074				$	(2,339	)			$	59,402
	Accounts receivable – trade, net		3,155					110,584					13,605					(5,753		)			121,591
	Inventories, net		340					188,853					31,345					--					220,538
	Deferred income taxes		180					--					1,079					--					1,259
	Intercompany receivable		--					3,889					--					(3,889		)			--
	Other current assets		15,903					28,986					4,577					--					49,466
	Total current assets		50,418					337,139					76,680					(11,981		)			452,256

Property and Equipment, Net		7,331					186,694					25,938					--					219,963
Goodwill		--					--					60,223					--					60,223
Intangibles, Net		217					116,044					15,089					--					131,350
Deferred Income Taxes		--					--					65					--					65
Investments in Consolidated Subsidiaries		357,656					122,568					--					(480,224		)			--
Intercompany Receivable		2,084					46,348					--					(48,432		)			--
Other Assets		10,552					939					27,175					--					38,666
Total Assets		$	428,258				$	809,732				$	205,170				$	(540,637	)			$	902,523

Liabilities and Stockholders’ (Deficit) Equity
Current Liabilities:
Short-term borrowings		$	4,345				$	--				$	--				$	--				$	4,345
Convertible Senior Notes		18,287					--					--					--					18,287
Accounts payable		16,734					146,707					19,420					(8,156		)			174,705
Intercompany payable		7,643					--					52,603					(60,246		)			--
Accrued expenses		77,273					124,918					15,273					--					217,464
Income taxes payable		--					--					932					--					932
Deferred income taxes		--					--					116					--					116
Total current liabilities		124,282					271,625					88,344					(68,402		)			415,849

Long-Term Debt		383,662					--					--					--					383,662
Intercompany Payable		--					--					63,386					(63,386		)			--
Other Non-Current Liabilities		47,244					148,091					13,581					--					208,916
Deferred Income Taxes		--					15,664					5,362					--					21,026
Commitments and Contingencies
Total Stockholders’ (Deficit) Equity		(126,930		)			374,352					34,497					(408,849		)			(126,930		)
Total Liabilities and Stockholders’ (Deficit) Equity		$	428,258				$	809,732				$	205,170				$	(540,637	)			$	902,523



Condensed Consolidating Balance Sheets
September 29, 2012
(In thousands)

	Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
	Company					Subsidiaries					Subsidiaries										Companies, Inc.
	Issuer

Assets
Current Assets:
Cash and cash equivalents		$	18,035				$	2,086				$	11,170				$	(70	)			$	31,221
Accounts receivable – trade, net		3,704					113,814					9,137					--					126,655
Inventories, net		807					232,406					12,365					--					245,578
Deferred income taxes		--					--					170					--					170
Intercompany receivable		--					3,953					--					(3,953		)			--
Other current assets		17,879					22,839					7,199					--					47,917
Total current assets		40,425					375,098					40,041					(4,023		)			451,541

Property and Equipment, Net		13,916					191,106					19,565					--					224,587
Goodwill		--					--					1,574					--					1,574
Intangibles, Net		--					115,674					949					--					116,623
Investments in Consolidated Subsidiaries		323,404					27,983					--					(351,387		)			--
Intercompany Receivable		2,106					--					--					(2,106		)			--
Other Assets		11,755					18,317					18,955					--					49,027
Total Assets		$	391,606				$	728,178				$	81,084				$	(357,516	)			$	843,352

Liabilities and Stockholders’ (Deficit) Equity
Current Liabilities:
Short-term borrowings		$	4,681				$	--				$	--				$	--				$	4,681
Convertible Senior Notes		28,687					--					--					--					28,687
Accounts payable		10,127					152,018					6,774					(70		)			168,849
Intercompany payable		9,457					--					99,270					(108,727		)			--
Accrued expenses		95,339					113,847					5,815					--					215,001
Income taxes payable		--					--					794					--					794
Deferred income taxes		--					--					16					--					16
Total current liabilities		148,291					265,865					112,669					(108,797		)			418,028

Long-Term Debt		384,841					--					--					--					384,841
Intercompany Payable		--					--					17,262					(17,262		)			--
Other Non-Current Liabilities		50,672					153,849					12,436					--					216,957
Deferred Income Taxes		--					15,260					464					--					15,724
Commitments and Contingencies
Total Stockholders’ (Deficit) Equity		(192,198		)			293,204					(61,747		)			(231,457		)			(192,198		)
Total Liabilities and Stockholders’ (Deficit) Equity		$	391,606				$	728,178				$	81,084				$	(357,516	)			$	843,352

Schedule of condensed consolidating statements of operations	'
	Condensed Consolidating Statements of Operations
	Nine Months Ended September 28, 2013
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer

	Net Sales		$	6,599				$	1,044,766				$	133,002				$	--				$	1,184,367
	Cost of goods sold		4,510					463,283					53,564					--					521,357
	Gross Profit		2,089					581,483					79,438					--					663,010
	Selling, general & administrative expenses		3,995					611,658					85,636					--					701,289
	Impairment of intangible asset		--					3,300					--					--					3,300
	Operating Loss		(1,906		)			(33,475		)			(6,198		)			--					(41,579		)
	Other (expense) income, net		(1,707		)			70					175					--					(1,462		)
	Impairment of cost investment		--					--					(6,109		)			--					(6,109		)
	Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(50,191		)			(46,118		)			--					96,309					--
	Loss on extinguishment of debt		(1,707		)			--					--					--					(1,707		)
	Interest (expense) income, net		(35,270		)			1,300					(2,092		)			--					(36,062		)
	(Loss) Income Before Provision (Benefit) for Income Taxes		(90,781		)			(78,223		)			(14,224		)			96,309					(86,919		)
	Provision (benefit) for income taxes		--					5,417					(1,555		)			--					3,862
	(Loss) Income from Continuing Operations		(90,781		)			(83,640		)			(12,669		)			96,309					(90,781		)
	Discontinued operations, net of income taxes		(3,844		)			(856		)			(16,696		)			--					(21,396		)
	Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(17,552		)			(19,650		)			--					37,202					--
	Net (Loss) Income		$	(112,177	)			$	(104,146	)			$	(29,365	)			$	133,511				$	(112,177	)



	Condensed Consolidating Statements of Operations
	Nine Months Ended September 29, 2012
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer

	Net Sales		$	18,401				$	954,520				$	45,640				$	--				$	1,018,561
	Cost of goods sold		12,379					412,685					20,556					--					445,620
	Gross Profit		6,022					541,835					25,084					--					572,941
	Selling, general & administrative expenses		2,971					605,084					35,652					--					643,707
	Operating Income (Loss)		3,051					(63,249		)			(10,568		)			--					(70,766		)
	Other income, net		943					117					419					--					1,479
	Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(78,616		)			(7,865		)			--					86,481					--
	Loss on extinguishment of debt		(8,669		)			--					--					--					(8,669		)
	Interest expense, net		(37,362		)			(72		)			(402		)			--					(37,836		)
	(Loss) Income Before Provision for Income Taxes		(120,653		)			(71,069		)			(10,551		)			86,481					(115,792		)
	Provision for income taxes		21					4,167					694					--					4,882
	(Loss) Income from Continuing Operations		(120,674		)			(75,236		)			(11,245		)			86,481					(120,674		)
	Discontinued operations, net of income taxes		705					(6,093		)			(5,477		)			--					(10,865		)
	Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(11,570		)			2,737					--					8,833					--
	Net (Loss) Income		$	(131,539	)			$	(78,592	)			$	(16,722	)			$	95,314				$	(131,539	)




	Condensed Consolidating Statements of Operations
	Three Months Ended September 28, 2013
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer

Net Sales		$	201				$	380,598				$	49,805				$	--				$	430,604
Cost of goods sold		127					167,408					19,925					--					187,460
Gross Profit		74					213,190					29,880					--					243,144
Selling, general & administrative expenses		1,243					210,795					30,129					--					242,167
Impairment of intangible asset		--					3,300					--					--					3,300
Operating Loss		(1,169		)			(905		)			(249		)			--					(2,323		)
Other (expense) income, net		(85		)			62					1,384					--					1,361
Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(1,110		)			(28,058		)			--					29,168					--
Loss on extinguishment of debt		(599		)			--					--					--					(599		)
Interest (expense) income, net		(11,938		)			470					(619		)			--					(12,087		)
(Loss) Income Before Provision (Benefit) for Income Taxes		(14,901		)			(28,431		)			516					29,168					(13,648		)
Provision (benefit) for income taxes		--					2,371					(1,118		)			--					1,253
(Loss) Income from Continuing Operations		(14,901		)			(30,802		)			1,634					29,168					(14,901		)
Discontinued operations, net of income taxes		(759		)			(463		)			(743		)			--					(1,965		)
Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(1,206		)			333					--					873					--
Net (Loss) Income		$	(16,866	)			$	(30,932	)			$	891				$	30,041				$	(16,866	)


Condensed Consolidating Statements of Operations
Three Months Ended September 29, 2012
(In thousands)

	Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
	Company					Subsidiaries					Subsidiaries										Companies, Inc.
	Issuer

Net Sales		$	8,423				$	335,724				$	20,409				$	--				$	364,556
Cost of goods sold		4,818					147,005					9,616					--					161,439
Gross Profit		3,605					188,719					10,793					--					203,117
Selling, general & administrative expenses		1,088					191,215					11,095					--					203,398
Operating Income (Loss)		2,517					(2,496		)			(302		)			--					(281		)
Other expense, net		(126		)			(433		)			(479		)			--					(1,038		)
Equity in (losses) earnings of consolidated subsidiaries – continuing operations		(5,674		)			(2,458		)			--					8,132					--
Loss on extinguishment of debt		(3,023		)			--					--					--					(3,023		)
Interest (expense) income, net		(13,132		)			33					(129		)			--					(13,228		)
(Loss) Income Before (Benefit) Provision for Income Taxes		(19,438		)			(5,354		)			(910		)			8,132					(17,570		)
(Benefit) provision for income taxes		(45		)			1,627					241					--					1,823
(Loss) Income from Continuing Operations		(19,393		)			(6,981		)			(1,151		)			8,132					(19,393		)
Discontinued operations, net of income taxes		972					56					(436		)			--					592
Equity in (losses) earnings of consolidated subsidiaries – discontinued operations, net of income taxes		(380		)			2,926					--					(2,546		)			--
Net (Loss) Income		$	(18,801	)			$	(3,999	)			$	(1,587	)			$	5,586				$	(18,801	)

Schedule of condensed consolidating statements of comprehensive income (loss)	'
	Condensed Consolidating Statements of Comprehensive Loss
	Nine Months Ended September 28, 2013
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer

	Net (Loss) Income		$	(112,177	)			$	(104,146	)			$	(29,365	)			$	133,511				$	(112,177	)
	Other Comprehensive (Loss) Income, Net of Income Taxes		(7,127		)			(7,064		)			(6,832		)			13,896					(7,127		)
	Comprehensive (Loss) Income		$	(119,304	)			$	(111,210	)			$	(36,197	)			$	147,407				$	(119,304	)



	Condensed Consolidating Statements of Comprehensive Loss
	Nine Months Ended September 29, 2012
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer


	Net (Loss) Income		$	(131,539	)			$	(78,592	)			$	(16,722	)			$	95,314				$	(131,539	)
	Other Comprehensive Income (Loss), Net of Income Taxes		70					(367		)			(47		)			414					70
	Comprehensive (Loss) Income		$	(131,469	)			$	(78,959	)			$	(16,769	)			$	95,728				$	(131,469	)



	Condensed Consolidating Statements of Comprehensive Loss
	Three Months Ended September 28, 2013
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer

	Net (Loss) Income		$	(16,866	)			$	(30,932	)			$	891				$	30,041				$	(16,866	)
	Other Comprehensive Income (Loss), Net of Income Taxes		(212		)			(20		)			(227		)			247					(212		)
	Comprehensive (Loss) Income		$	(17,078	)			$	(30,952	)			$	664				$	30,288				$	(17,078	)



	Condensed Consolidating Statements of Comprehensive Loss
	Three Months Ended September 29, 2012
	(In thousands)

		Parent					Guarantor					Non-Guarantor					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Subsidiaries										Companies, Inc.
		Issuer

	Net (Loss) Income		$	(18,801	)			$	(3,999	)			$	(1,587	)			$	5,586				$	(18,801	)
	Other Comprehensive Income (Loss), Net of Income Taxes		133					315					338					(653		)			133
	Comprehensive (Loss) Income		$	(18,668	)			$	(3,684	)			$	(1,249	)			$	4,933				$	(18,668	)

Schedule of condensed consolidating statements of cash flow	'
	Condensed Consolidating Statements of Cash Flows
	Nine Months Ended September 28, 2013
	(In thousands)

		Parent					Guarantor					Non-					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Guarantor										Companies, Inc.
		Issuer										Subsidiaries

	Net cash used in operating activities		$	(58,460	)			$	(49,517	)			$	(4,474	)			$	(9,723	)			$	(122,174	)

	Cash Flows from Investing Activities:
	Proceeds from sale of property and equipment		20,264					--					--					--					20,264
	Purchases of property and equipment		(5,757		)			(62,644		)			(9,386		)			--					(77,787		)
	Payments for in-store merchandise shops		--					(1,822		)			(657		)			--					(2,479		)
	Investments in and advances to equity investees		--					--					(5,500		)			--					(5,500		)
	Net proceeds from disposition		--					--					4,000					--					4,000
	(Increase) decrease in investments in and advances to consolidated subsidiaries		(105,406		)			117,930					(12,524		)			--					--
	Other, net		(303		)			334					70					--					101
	Net cash used in investing activities of discontinued operations		--					--					(2,234		)			--					(2,234		)
	Net cash (used in) provided by investing activities		(91,202		)			53,798					(26,231		)			--					(63,635		)

	Cash Flows from Financing Activities:
	Proceeds from borrowings under revolving credit agreement		493,527					--					2,169					--					495,696
	Repayment of borrowings under revolving credit agreement		(359,277		)			--					(266		)			--					(359,543		)
	Increase (decrease) in intercompany loans		767					(964		)			197					--					--
	Proceeds from capital lease		--					8,673					--					--					8,673
	Principal payments under capital lease obligations		(3,747		)			--					--					--					(3,747		)
	Proceeds from exercise of stock options		2,326					--					--					--					2,326
	Payment of deferred financing fees		(5,033		)			--					(238		)			--					(5,271		)
	Net cash provided by financing activities		128,563					7,709					1,862					--					138,134

	Effect of Exchange Rate Changes on Cash and Cash Equivalents		(9,741		)			(14,047		)			18,893					--					(4,895		)

	Net Change in Cash and Cash Equivalents		(30,840		)			(2,057		)			(9,950		)			(9,723		)			(52,570		)
	Cash and Cash Equivalents at Beginning of Period		30,840					4,827					26,074					(2,339		)			59,402
	Cash and Cash Equivalents at End of Period		$	--				$	2,770				$	16,124				$	(12,062	)			$	6,832





	Condensed Consolidating Statements of Cash Flows
	Nine Months Ended September 29, 2012
	(In thousands)

		Parent					Guarantor					Non-					Eliminations					Fifth & Pacific
		Company					Subsidiaries					Guarantor										Companies, Inc.
		Issuer										Subsidiaries

	Net cash (used in) provided by operating activities		$	(8,735	)			$	(51,286	)			$	(27,355	)			$	95				$	(87,281	)

	Cash Flows from Investing Activities:
	Purchases of property and equipment		(3,080		)			(45,042		)			(7,058		)			--					(55,180		)
	Payments for in-store merchandise shops		--					(1,477		)			(290		)			--					(1,767		)
	Investments in and advances to equity investees		--					--					(5,000		)			--					(5,000		)
	(Increase) decrease in investments in and advances to consolidated subsidiaries		(96,691		)			82,501					14,190					--					--
	Other, net		(483		)			557					162					--					236
	Net cash (used in) provided by investing activities		(100,254		)			36,539					2,004					--					(61,711		)

	Cash Flows from Financing Activities:
	Proceeds from borrowings under revolving credit agreement		113,389					--					--					--					113,389
	Repayment of borrowings under revolving credit agreement		(113,389		)			--					--					--					(113,389		)
	Proceeds from issuance of Senior Secured Notes		164,540					--					--					--					164,540
(Decrease) increase in intercompany loans		(17,766		)			(3,331		)			21,097					--					--
Repayment of Euro Notes		(158,027		)			--					--					--					(158,027		)
Principal payments under capital lease obligations		(3,331		)			--					--					--					(3,331		)
Proceeds from exercise of stock options		6,049					--					--					--					6,049
Payment of deferred financing fees		(6,064		)			--					--					--					(6,064		)
Net cash (used in) provided by financing activities		(14,599		)			(3,331		)			21,097					--					3,167

Effect of Exchange Rate Changes on Cash and Cash Equivalents		(3,160		)			(138		)			408					--					(2,890		)

Net Change in Cash and Cash Equivalents		(126,748		)			(18,216		)			(3,846		)			95					(148,715		)
Cash and Cash Equivalents at Beginning of Period		144,783					20,302					15,016					(165		)			179,936
Cash and Cash Equivalents at End of Period		$	18,035				$	2,086				$	11,170				$	(70	)			$	31,221

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended		1 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Dec. 28, 2013	Dec. 29, 2012	Oct. 31, 2012
	Sep. 28, 2013	Sep. 29, 2012	item	Sep. 29, 2012	Dec. 28, 2013	Dec. 29, 2012	Kate Spade Japan Co., Ltd.
BASIS OF PRESENTATION	'	'	'	'	'	'	'
Number of reportable segments	'	'	4	'	'	'	'
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	'	'	'	'	'	'	'
Acquired percentage of the equity	'	'	'	'	'	'	51.00%
Purchase price aggregate cash payments	'	'	'	'	'	'	$41
Cash acquired	'	'	'	'	'	'	$0.40
Period in fiscal year	'91 days	'91 days	'273 days	'273 days	'364 days	'364 days	'

ACQUISITION_Details

ACQUISITION (Details)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Oct. 31, 2012

Sep. 28, 2013

Dec. 29, 2012

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Oct. 31, 2012

USD ($)

Kate Spade

Sanei

Kate Spade Japan Co., Ltd.

USD ($)

JPY (¥)

Kate Spade

USD ($)

ACQUISITION/DISPOSITIONS

Remaining ownership interest acquired (as a percent)

51.00%

Purchase price

$41,400,000

¥ 3,308,000,000

Fair value of the equity interest at the acquisition date

47,200,000

Carrying value of investment

7,100,000

Sales generated

430,604,000

364,556,000

1,184,367,000

1,018,561,000

179,727,000

101,880,000

487,485,000

289,216,000

24,900,000

72,400,000

Gain (loss) recognized on remeasurement of investments

-700,000

40,100,000

-2,200,000

Adjusted EBITDA generated

23,510,000

15,721,000

66,350,000

51,578,000

3,000,000

5,200,000

Goodwill recorded

63,400,000

Goodwill recorded, deductible for income tax purposes

Pro forma financial information

Net sales

387,086,000

1,084,329,000

Gross profit

217,865,000

616,541,000

Operating (loss) income

56,000

-67,284,000

Loss before provision for income taxes

-17,350,000

-112,723,000

Loss from continuing operations

($19,236,000)

($119,016,000)

Diluted loss per share from continuing operations (in dollars per share)

($0.17)

($1.11)

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	3 Months Ended		9 Months Ended		1 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Oct. 31, 2011
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Global Mexx Business
DISCONTINUED OPERATIONS	'	'	'	'	'
Percentage of ownership interest in business sold	'	'	'	'	81.25%
Pretax charges (income) related to disposal of discontinued operations	$1,500,000	($1,000,000)	$19,200,000	$7,900,000	'
Results of discontinued operations	'	'	'	'	'
Net sales	-1,000	-159,000	-23,000	1,615,000	'
Loss before (benefit) provision for income taxes	-443,000	-364,000	-2,275,000	-4,837,000	'
(Benefit) provision for income taxes	14,000	20,000	-128,000	-1,867,000	'
Loss from discontinued operations, net of income taxes	-457,000	-384,000	-2,147,000	-2,970,000	'
(Loss) income on disposal of discontinued operations, net of income taxes	-1,508,000	976,000	-19,249,000	-7,895,000	'
Charges related to streamlining initiatives of the entity	$400,000	'	$500,000	$5,100,000	'

STOCKHOLDERS_DEFICIT_Details

STOCKHOLDERS' DEFICIT (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost	'	'	'	'
Balance at the beginning of the period	'	'	($126,930)	'
Net loss	-16,866	-18,801	-112,177	-131,539
Balance at the end of the period	-220,715	-192,198	-220,715	-192,198
Capital in Excess of Par Value	'	'	'	'
Activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost	'	'	'	'
Balance at the beginning of the period	'	'	147,018	302,330
Exercise of stock options	'	'	'	-10,642
Restricted shares issued, net of cancellations and shares withheld for taxes	'	'	'	-3,951
Share-based compensation	'	'	5,206	7,157
Exchanges of Convertible Senior Notes, net	'	'	-652	-147,757
Balance at the end of the period	151,572	147,137	151,572	147,137
Retained Earnings	'	'	'	'
Activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost	'	'	'	'
Balance at the beginning of the period	'	'	1,071,551	1,246,063
Net loss	'	'	-112,177	-131,539
Exercise of stock options	'	'	-3,773	-2,197
Restricted shares issued, net of cancellations and shares withheld for taxes	'	'	-5,344	-142
Dividend equivalent units vested	'	'	'	-2
Exchanges of Convertible Senior Notes, net	'	'	-112,230	-17,762
Balance at the end of the period	838,027	1,094,421	838,027	1,094,421
Common Stock in Treasury, at Cost	'	'	'	'
Activity in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost	'	'	'	'
Balance at the beginning of the period	'	'	-1,511,862	-1,827,892
Exercise of stock options	'	'	6,099	18,888
Restricted shares issued, net of cancellations and shares withheld for taxes	'	'	3,212	2,772
Dividend equivalent units vested	'	'	'	2
Exchanges of Convertible Senior Notes, net	'	'	133,001	201,891
Balance at the end of the period	($1,369,550)	($1,604,339)	($1,369,550)	($1,604,339)

STOCKHOLDERS_DEFICIT_Details_2

STOCKHOLDERS' DEFICIT (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012
Accumulated other comprehensive loss	'	'	'	'	'
Cumulative translation adjustment	($17,745)	($5,855)	($17,745)	($5,855)	($10,074)
Unrealized gains on cash flow hedging derivatives, net of income tax expense of $333	544	'	544	'	'
Unrealized gains on available-for-sale securities, net of income taxes	'	1	'	1	'
Accumulated other comprehensive loss, net of income taxes	-17,201	-5,854	-17,201	-5,854	'
Income tax effect on gains on cash flow hedging derivatives	333	'	333	'	'
Income tax effect on unrealized gains on available-for-sale securities	0	'	0	'	'
Change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'	'	'	'	'
Balance at the beginning of the period	'	'	-10,074	'	'
Net current-period other comprehensive (loss) income	-212	133	-7,127	70	'
Balance at the end of the period	-17,201	-5,854	-17,201	-5,854	'
Cumulative Translation Adjustment	'	'	'	'	'
Accumulated other comprehensive loss	'	'	'	'	'
Accumulated other comprehensive loss, net of income taxes	-17,745	'	-17,745	'	'
Change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'	'	'	'	'
Balance at the beginning of the period	-18,002	'	-10,074	'	'
Other comprehensive income (loss) before reclassification	257	'	-7,671	'	'
Net current-period other comprehensive (loss) income	257	'	-7,671	'	'
Balance at the end of the period	-17,745	'	-17,745	'	'
Unrealized Gains on Cash Flow Hedging Derivatives	'	'	'	'	'
Accumulated other comprehensive loss	'	'	'	'	'
Accumulated other comprehensive loss, net of income taxes	544	'	544	'	'
Change in each component of Accumulated other comprehensive (loss) income, net of income taxes	'	'	'	'	'
Balance at the beginning of the period	1,013	'	'	'	'
Other comprehensive income (loss) before reclassification	-101	'	1,099	'	'
Amounts reclassified from accumulated other comprehensive income	-368	'	-555	'	'
Net current-period other comprehensive (loss) income	-469	'	544	'	'
Balance at the end of the period	$544	'	$544	'	'

INVENTORIES_NET_Details

INVENTORIES, NET (Details) (USD $)	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012
In Thousands, unless otherwise specified	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012
INVENTORIES, NET	'	'	'
Raw materials and work in process	$1,999	$299	$195
Finished goods	308,639	220,239	245,383
Total	$310,638	$220,538	$245,578

PROPERTY_AND_EQUIPMENT_NET_Det

PROPERTY AND EQUIPMENT, NET (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Dec. 29, 2012

Jun. 29, 2013

Sep. 28, 2013

Dec. 29, 2012

Sep. 29, 2012

Sep. 28, 2013

Dec. 29, 2012

Sep. 29, 2012

Sep. 28, 2013

Dec. 29, 2012

Sep. 29, 2012

Sep. 28, 2013

Dec. 29, 2012

Sep. 29, 2012

Sale-leaseback agreement for North Bergen, NJ office

Sale-leaseback agreement for Ohio Facility

Land and buildings

Machinery and equipment

Furniture and fixtures

Leasehold improvements

item

PROPERTY AND EQUIPMENT, NET

Total property and equipment, gross

$630,718,000

$674,387,000

$630,718,000

$674,387,000

$669,438,000

$9,300,000

$45,988,000

$48,893,000

$209,196,000

$233,742,000

$229,686,000

$142,707,000

$131,181,000

$137,839,000

$269,515,000

$258,527,000

$257,969,000

Less: Accumulated depreciation and amortization

386,247,000

449,800,000

386,247,000

449,800,000

449,475,000

Total property and equipment, net

244,471,000

224,587,000

244,471,000

224,587,000

219,963,000

Additional disclosures

Depreciation and amortization expense on property and equipment

14,400,000

13,200,000

42,700,000

42,900,000

Depreciation for property and equipment under capital leases

700,000

1,700,000

2,200,000

Property and equipment under capital leases

31,900,000

22,600,000

31,900,000

22,600,000

Net proceeds from sale of facility

8,700,000

20,300,000

Deferred gain associated with sale-leaseback

$9,500,000

Lease term

'12 years

'10 years

Number of renewal options under the sale-leaseback transaction

Term of options under the sale-leaseback transaction

'5 years

GOODWILL_AND_INTANGIBLES_NET_D

GOODWILL AND INTANGIBLES, NET (Details) (USD $)	3 Months Ended		9 Months Ended
GOODWILL AND INTANGIBLES, NET (Details) (USD $)	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Jul. 02, 2013	Dec. 29, 2012
Amortized intangible assets:	'	'	'	'	'	'
Gross carrying amount	$42,455,000	$27,818,000	$42,455,000	$27,818,000	'	$44,229,000
Accumulated amortization	-22,053,000	-18,695,000	-22,053,000	-18,695,000	'	-20,379,000
Net	20,402,000	9,123,000	20,402,000	9,123,000	'	23,850,000
Unamortized intangible assets:	'	'	'	'	'	'
Owned trademarks	102,200,000	107,500,000	102,200,000	107,500,000	'	107,500,000
Total intangible assets, net	122,602,000	116,623,000	122,602,000	116,623,000	'	131,350,000
Goodwill	52,679,000	1,574,000	52,679,000	1,574,000	'	'
Changes in carrying amount of goodwill	'	'	'	'	'	'
Balance at beginning of the period	'	'	60,223,000	1,519,000	'	'
Translation adjustment	'	'	-7,544,000	55,000	'	'
Balance at end of the period	52,679,000	1,574,000	52,679,000	1,574,000	'	'
Goodwill impairment	'	'	'	'	0	'
Amortization expense of intangible assets	1,900,000	700,000	5,700,000	2,400,000	'	'
Estimated amortization expense for intangible assets	'	'	'	'	'	'
Fiscal Year 2013	6,200,000	'	6,200,000	'	'	'
Fiscal Year 2014	6,400,000	'	6,400,000	'	'	'
Fiscal Year 2015	5,200,000	'	5,200,000	'	'	'
Fiscal Year 2016	1,900,000	'	1,900,000	'	'	'
Fiscal Year 2017	1,100,000	'	1,100,000	'	'	'
Adelington Design Group	'	'	'	'	'	'
Unamortized intangible assets:	'	'	'	'	'	'
Goodwill	1,503,000	1,574,000	1,503,000	1,574,000	'	'
Changes in carrying amount of goodwill	'	'	'	'	'	'
Balance at beginning of the period	'	'	1,554,000	1,519,000	'	'
Translation adjustment	'	'	-51,000	55,000	'	'
Balance at end of the period	1,503,000	1,574,000	1,503,000	1,574,000	'	'
KSJ	'	'	'	'	'	'
Unamortized intangible assets:	'	'	'	'	'	'
Goodwill	51,176,000	'	51,176,000	'	'	'
Changes in carrying amount of goodwill	'	'	'	'	'	'
Balance at beginning of the period	'	'	58,669,000	'	'	'
Translation adjustment	'	'	-7,493,000	'	'	'
Balance at end of the period	51,176,000	'	51,176,000	'	'	'
Owned trademarks	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Gross carrying amount	3,479,000	1,479,000	3,479,000	1,479,000	'	1,479,000
Accumulated amortization	-1,475,000	-1,316,000	-1,475,000	-1,316,000	'	-1,356,000
Net	2,004,000	163,000	2,004,000	163,000	'	123,000
Owned trademarks \| Adelington Design Group	'	'	'	'	'	'
Changes in carrying amount of goodwill	'	'	'	'	'	'
Non-cash impairment charge	3,300,000	'	'	3,300,000	'	'
Owned trademarks \| Weighted Average	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Amortization Period	'	'	'5 years	'	'	'
Customer relationships	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Gross carrying amount	7,335,000	6,439,000	7,335,000	6,439,000	'	7,457,000
Accumulated amortization	-3,843,000	-2,927,000	-3,843,000	-2,927,000	'	-3,138,000
Net	3,492,000	3,512,000	3,492,000	3,512,000	'	4,319,000
Customer relationships \| Weighted Average	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Amortization Period	'	'	'12 years	'	'	'
Merchandising rights	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Gross carrying amount	17,188,000	17,578,000	17,188,000	17,578,000	'	19,174,000
Accumulated amortization	-10,974,000	-12,548,000	-10,974,000	-12,548,000	'	-13,131,000
Net	6,214,000	5,030,000	6,214,000	5,030,000	'	6,043,000
Merchandising rights \| Weighted Average	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Amortization Period	'	'	'4 years	'	'	'
Reacquired rights	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Gross carrying amount	12,131,000	'	12,131,000	'	'	13,797,000
Accumulated amortization	-3,707,000	'	-3,707,000	'	'	-812,000
Net	8,424,000	'	8,424,000	'	'	12,985,000
Reacquired rights \| Weighted Average	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Amortization Period	'	'	'3 years	'	'	'
Other	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Gross carrying amount	2,322,000	2,322,000	2,322,000	2,322,000	'	2,322,000
Accumulated amortization	-2,054,000	-1,904,000	-2,054,000	-1,904,000	'	-1,942,000
Net	$268,000	$418,000	$268,000	$418,000	'	$380,000
Other \| Weighted Average	'	'	'	'	'	'
Amortized intangible assets:	'	'	'	'	'	'
Amortization Period	'	'	'4 years	'	'	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013
INCOME TAXES	'
Loss carryback period prior to Federal tax law change	'2 years
Loss carryback period after Federal tax law change	'5 years
Expected reduction in the liability for unrecognized tax benefits within the next 12 months, low end of the range	$1.20
Expected reduction in the liability for unrecognized tax benefits within the next 12 months, high end of the range	2.6
Uncertain tax positions	$84.90

DEBT_AND_LINES_OF_CREDIT_Detai

DEBT AND LINES OF CREDIT (Details)

3 Months Ended

9 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Dec. 29, 2012

Jun. 29, 2013

Jan. 22, 2013

Jul. 31, 2013

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Dec. 29, 2012

Jun. 24, 2009

Mar. 20, 2013

Oct. 16, 2012

Jul. 12, 2012

Apr. 10, 2012

Apr. 07, 2011

Jun. 30, 2012

Sep. 28, 2013

Dec. 29, 2012

Sep. 29, 2012

Jul. 12, 2012

Jun. 08, 2012

Mar. 20, 2013

Apr. 30, 2013

Sep. 28, 2013

Apr. 30, 2013

Jul. 12, 2012

Jul. 31, 2012

Jun. 30, 2012

Jul. 31, 2006

Sep. 29, 2012

Jun. 30, 2012

Mar. 31, 2012

Jun. 06, 2012

Dec. 31, 2011

Apr. 08, 2011

Jul. 06, 2006

Sep. 28, 2013

Dec. 29, 2012

Sep. 29, 2012

Jun. 29, 2013

USD ($)

Sale-leaseback agreement for North Bergen, NJ office

6.0% Convertible Senior Notes, due June 2014

10.5% Senior Secured Notes, due April 2019

Revolving credit facility

Letters of credit

Standby letters of credit

Multi-currency revolving credit line

Swingline revolving credit line

Euro currency credit line

5.0% Euro Notes, due July 2013

Capital lease obligations

USD ($)

EUR (€)

Maximum

USD ($)

Maximum

USD ($)

Minimum

Maximum

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

Sale-leaseback agreement for North Bergen, NJ office

item

USD ($)

DEBT AND LINES OF CREDIT

Interest rate (as a percent)

6.00%

10.50%

5.00%

Total debt

$528,719,000

$418,209,000

$528,719,000

$418,209,000

$406,294,000

$28,687,000

$18,287,000

$382,588,000

$383,662,000

$384,033,000

$136,233,000

$9,898,000

$4,345,000

$5,489,000

Less: Short-term borrowings

137,440,000

4,681,000

137,440,000

4,681,000

4,345,000

Convertible Senior Notes

28,687,000

18,287,000

Long-term debt

391,279,000

384,841,000

391,279,000

384,841,000

383,662,000

Notes repurchased

52,900,000

Principal amount of debt

90,000,000

31,600,000

90,000,000

31,600,000

19,900,000

220,000,000

52,900,000

Unamortized debt discount

2,900,000

1,600,000

Issuance of notes

152,000,000

446,900,000

350,000,000

Repurchase of aggregate principal amount of debt

40,000,000

28,600,000

228,500,000

128,500,000

Optional redemption amount

158,027,000

55,400,000

29,600,000

40,600,000

Pretax loss on the extinguishment of debt

599,000

3,023,000

1,707,000

8,669,000

600,000

1,700,000

3,600,000

3,000,000

1,300,000

800,000

Outstanding borrowings under amended and restated revolving credit facility

86,600,000

Debt instrument, conversion ratio

279.6421

Initial conversion price per share of common stock (in dollars per share)

$3.58

Principal amount of convertible notes allocated to equity component and debt discount

20,600,000

Effective interest rate (as a percent)

12.25%

Interest expense associated with semi-annual interest payment and non-cash amortization of debt discount

900,000

600,000

3,900,000

Debt conversion, aggregate principal amount

11,200,000

8,800,000

19,900,000

37,600,000

49,400,000

Number of shares of common stock converted from convertible notes

3,171,670

2,462,509

5,634,179

10,839,520

14,197,106

Consideration of convertible debt allocated to the liability component

11,300,000

8,800,000

48,200,000

Consideration of converted notes allocated to equity component

700,000

300,000

6,200,000

Net proceeds from issuance of debt

160,600,000

212,900,000

Offering of additional notes as a percentage of par value

108.25%

Repurchase price as percentage of principal amount, if company undergoes change of control

101.00%

Repurchase price as percentage of principal amount

100.00%

Additional interest rate (as a percent)

0.25%

Increase in additional interest rate (as a percent)

0.50%

0.25%

1.00%

Period required to pay increased additional interest

'90 days

Available capacity under amended facility

350,000,000

200,000,000

65,000,000

100,000,000

55,000,000

Number of borrowing options under amended facility

Spread on variable rate basis

1.75%

2.25%

Variable rate basis

'LIBOR

Fixed charge coverage ratio

Trailing period over which fixed charge coverage ratio is required to be maintained

'12 months

Minimum aggregate borrowing availability below which specified fixed charge coverage ratio has to be maintained

35,000,000

Minimum aggregate borrowing availability as a percentage of commitments then in effect below which a specified fixed charge coverage ratio has to be maintained

10.00%

Covenant to apply cash collections to reduce outstanding borrowings, maximum availability under credit facility

40,000,000

Covenant to apply cash collections to reduce outstanding borrowings, maximum availability under credit facility as a percentage of the lesser of the borrowing base and aggregate commitments

12.50%

Availability under amended facility

Total Facility

350,000,000

200,000,000

65,000,000

100,000,000

55,000,000

Option to increase borrowing under certain specified conditions

100,000,000

Borrowing Base

341,329,000

Letters of Credit Issued

19,513,000

Available Capacity

185,583,000

Excess Capacity

150,583,000

Total lease payments under sale-leaseback agreement

26,900,000

Lease term

'12 years

Short-term debt included in capital lease obligations

1,200,000

Sale price of office building under sale-leaseback agreement

8,700,000

Principal amount of notes used for debt instrument conversion ratio

$1,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Dec. 29, 2012

Adelington Design Group

Fair value on non-recurring basis

Fair value on recurring basis

TRIFARI trademark

Fair Value Measured and Recorded at Reporting Date Using: Level 3

Net Carrying Value

Fair Value Measured and Recorded at Reporting Date Using: Level 2

Assets and liabilities measured at fair value

Financial Assets: Derivatives

$525,000

$1,037,000

Financial Liabilities: Derivatives

-373,000

Property and equipment

23,687,000

Intangibles, net

2,000,000

Total Losses

Property and equipment

667,000

27,905,000

Other assets

6,109,000

Non-cash impairment charge

$3,300,000

Assumptions

Market royalty rate (as a percent)

3.50%

Discount rate (as a percent)

14.00%

Long term growth rate (as a percent)

2.00%

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012	Jun. 24, 2009	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012	Apr. 07, 2011	Sep. 28, 2013	Jul. 06, 2006
In Thousands, unless otherwise specified	6.0% Convertible Senior Notes, due June 2014	6.0% Convertible Senior Notes, due June 2014	6.0% Convertible Senior Notes, due June 2014	6.0% Convertible Senior Notes, due June 2014	10.5% Senior Secured Notes, due April 2019	10.5% Senior Secured Notes, due April 2019	10.5% Senior Secured Notes, due April 2019	10.5% Senior Secured Notes, due April 2019	Revolving credit facility	5.0% Euro Notes, due July 2013
Fair values and carrying values of debt instruments	'	'	'	'	'	'	'	'	'	'
Fair Value	'	$69,088	$115,374	'	$405,480	$410,828	$420,128	'	$136,233	'
Carrying value	'	$18,287	$28,687	'	$382,588	$383,662	$384,033	'	$136,233	'
Stated Percentage	6.00%	'	'	6.00%	10.50%	'	'	10.50%	'	5.00%

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended					3 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2012	Jul. 03, 2010	Jul. 04, 2009	Apr. 04, 2009	Sep. 28, 2013	Jun. 29, 2013	Sep. 28, 2013
					item	Sale-leaseback agreement for North Bergen, NJ office	Sale-leaseback agreement for North Bergen, NJ office
						item
COMMITMENTS AND CONTINGENCIES	'	'	'	'	'	'	'
Payment received from Li & Fung Limited	'	'	'	$75	'	'	'
Additional payment received to offset specific, incremental, identifiable expenses associated with the transaction	'	'	8	'	'	'	'
Refund of closing payment received from Li & Fung Limited	1.8	24.3	'	'	'	'	'
Leases	'	'	'	'	'	'	'
Number of store leases assigned to third parties	'	'	'	'	153	'	'
Number of leases for which the entity is secondarily liable	'	'	'	'	119	'	'
Future aggregate payments under disposition leases	'	'	'	'	156.6	'	'
Capital lease obligations	'	'	'	'	'	'	'
Lease term	'	'	'	'	'	'12 years	'
Number of renewal options under the sale-leaseback transaction	'	'	'	'	'	2	'
Term of options under the sale-leaseback transaction	'	'	'	'	'	'5 years	'
Estimated future minimum lease payments under the noncancelable capital lease	'	'	'	'	'	'	'
2013	'	'	'	'	'	'	0.6
2014	'	'	'	'	'	'	2
2015	'	'	'	'	'	'	2
2016	'	'	'	'	'	'	2.1
2017	'	'	'	'	'	'	2.1
Thereafter	'	'	'	'	'	'	17.5
Total	'	'	'	'	'	'	26.3
Less: Amounts representing interest and executory costs	'	'	'	'	'	'	-17.2
Net present values	'	'	'	'	'	'	9.1
Less: Capital lease obligations included in short-term debt	'	'	'	'	'	'	-0.4
Long-term capital lease obligations	'	'	'	'	'	'	$8.70

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details 2) (USD $)	1 Months Ended	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2012	Jul. 02, 2011	Sep. 28, 2013	Mar. 01, 2012
	Mar. 31, 2012	Jul. 02, 2011	Sep. 28, 2013	item
Other	'	'	'	'
Accrued withdrawal liability	'	'	$11.10	'
Ohio distribution center \| Withdrawal liability of multiemployer plan	'	'	'	'
Other	'	'	'	'
Charge to SG&A for estimate of withdrawal liability	'	17.6	'	'
Withdrawal liability payment period	'4 years	'	'	'
Amount of withdrawal liability calculated by the Fund	'	'	'	19.1
Difference calculated by the Fund	'	'	'	1.5
Number of quarterly installments as notified by the Fund	'	'	'	17
Quarterly payments of withdrawal liability	'	'	'	1.2
Final payment of withdrawal liability	'	'	$1	'

STREAMLINING_INITIATIVES_Detai

STREAMLINING INITIATIVES (Details) (USD $)	3 Months Ended		9 Months Ended
STREAMLINING INITIATIVES (Details) (USD $)	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
STREAMLINING INITIATIVES	'	'	'	'
Expected payment of accrued streamlining costs in the next 12 months	'	'	$6,300,000	'
STREAMLINING INITIATIVES	'	'	'	'
Non-cash charges recorded related to streamlining initiatives	'	'	1,502,000	24,600,000
Expenses associated with streamlining actions	-1,048,000	5,829,000	5,339,000	43,157,000
JUICY COUTURE	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	-513,000	2,193,000	2,354,000	6,333,000
LUCKY BRAND	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	-587,000	183,000	750,000	2,758,000
KATE SPADE	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	-383,000	110,000	528,000	2,384,000
Adelington Design Group	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	-227,000	297,000	163,000	3,026,000
Corporate	'	'	'	'
STREAMLINING INITIATIVES	'	'	'	'
Expenses associated with streamlining actions	$662,000	$3,046,000	$1,544,000	$28,656,000

STREAMLINING_INITIATIVES_Detai1

STREAMLINING INITIATIVES (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Roll forward of liability for streamlining initiatives	'	'	'	'
Balance at the beginning of the period	'	'	$25,646	'
2013 provision	-1,048	5,829	5,339	43,157
2013 asset write-downs	'	'	-1,502	-24,600
Translation difference	'	'	-7	'
2013 spending	'	'	-14,195	'
Balance at the end of the period	15,281	'	15,281	'
Payroll and related costs	'	'	'	'
Roll forward of liability for streamlining initiatives	'	'	'	'
Balance at the beginning of the period	'	'	5,468	'
2013 provision	'	'	2,002	12,100
Translation difference	'	'	-18	'
2013 spending	'	'	-6,941	'
Balance at the end of the period	511	'	511	'
Contract termination costs	'	'	'	'
Roll forward of liability for streamlining initiatives	'	'	'	'
Balance at the beginning of the period	'	'	4,248	'
2013 provision	'	'	-84	2,700
Translation difference	'	'	7	'
2013 spending	'	'	-1,666	'
Balance at the end of the period	2,505	'	2,505	'
Asset write-downs and disposals	'	'	'	'
Roll forward of liability for streamlining initiatives	'	'	'	'
2013 provision	'	'	1,502	24,600
2013 asset write-downs	'	'	-1,502	'
Other costs	'	'	'	'
Roll forward of liability for streamlining initiatives	'	'	'	'
Balance at the beginning of the period	'	'	15,930	'
2013 provision	'	'	1,919	3,800
Translation difference	'	'	4	'
2013 spending	'	'	-5,588	'
Balance at the end of the period	$12,265	'	$12,265	'

EARNINGS_PER_COMMON_SHARE_Deta

EARNINGS PER COMMON SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
EARNINGS PER COMMON SHARE	'	'	'	'
Loss from continuing operations	($14,901)	($19,393)	($90,781)	($120,674)
(Loss) income from discontinued operations, net of income taxes	-1,965	592	-21,396	-10,865
Net Loss	($16,866)	($18,801)	($112,177)	($131,539)
Basic weighted average shares outstanding	122,396,000	113,109,000	120,480,000	107,692,000
Diluted weighted average shares outstanding	122,396,000	113,109,000	120,480,000	107,692,000
Loss per share: Basic and diluted	'	'	'	'
Loss from continuing operations (in dollars per share)	($0.12)	($0.17)	($0.75)	($1.12)
(Loss) income from discontinued operations (in dollars per share)	($0.02)	'	($0.18)	($0.10)
Net loss (in dollars per share)	($0.14)	($0.17)	($0.93)	($1.22)
Outstanding stock options	'	'	'	'
Anti-dilutive shares	'	'	'	'
Shares excluded from computation of diluted earnings per share	5,700,000	5,900,000	5,700,000	5,900,000
Outstanding nonvested shares	'	'	'	'
Anti-dilutive shares	'	'	'	'
Shares excluded from computation of diluted earnings per share	600,000	500,000	600,000	500,000
Shares not achieving performance criteria excluded from computation of diluted earnings per share	500,000	1,200,000	500,000	1,200,000
Convertible Notes	'	'	'	'
Anti-dilutive shares	'	'	'	'
Shares excluded from computation of diluted earnings per share	300,000	8,900,000	2,000,000	13,700,000

ADDITIONAL_FINANCIAL_INFORMATI1

ADDITIONAL FINANCIAL INFORMATION (Details) (USD $)	0 Months Ended	9 Months Ended	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Oct. 11, 2011	Sep. 28, 2013	Nov. 02, 2011	Mar. 30, 2013
	License agreement with affiliate of Donna Karan International, Inc. ("DKI")	License agreement with affiliate of Donna Karan International, Inc. ("DKI")	Trademark rights for LIZ CLAIBORNE family brands and MONET brand	Trademark rights for LIZ CLAIBORNE family brands and MONET brand
Licensing-Related Transactions	'	'	'	'
Advance received for agreement to develop exclusive brands for JCPenney	'	'	$20	'
Advance refunded on termination of agreement to develop exclusive brands for JCPenney	'	'	'	20
Early termination fee paid	8.5	'	'	'
Termination fees paid in connection with previously terminated license agreement	$3.70	'	'	'
Period by which termination agreement is terminated ahead of scheduled maturity	'	'1 year	'	'

ADDITIONAL_FINANCIAL_INFORMATI2

ADDITIONAL FINANCIAL INFORMATION (Details 2) (USD $)	9 Months Ended		12 Months Ended	3 Months Ended	0 Months Ended	1 Months Ended	9 Months Ended		12 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012	Mar. 30, 2013	Jan. 22, 2013	Jul. 31, 2013	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012
	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012	Trademark rights for LIZ CLAIBORNE family brands and MONET brand	6.0% Convertible Senior Notes, due June 2014	6.0% Convertible Senior Notes, due June 2014	6.0% Convertible Senior Notes, due June 2014	6.0% Convertible Senior Notes, due June 2014	6.0% Convertible Senior Notes, due June 2014
ADDITIONAL FINANCIAL INFORMATION	'	'	'	'	'	'	'	'	'
Interest payments	$22.80	$17.90	'	'	'	'	'	'	'
Accrued capital expenditures	10.7	12.4	7.7	'	'	'	'	'	'
Amortization of deferred financing costs	4.6	8.2	'	'	'	'	'	'	'
Condensed Consolidated Statements of Cash Flows Supplementary Disclosures	'	'	'	'	'	'	'	'	'
Debt conversion, aggregate principal amount	'	'	'	'	11.2	8.8	19.9	37.6	49.4
Number of shares of common stock converted from convertible notes	'	'	'	'	3,171,670	2,462,509	5,634,179	10,839,520	14,197,106
Advance refunded to JCPenney	'	'	'	$20	'	'	'	'	'

ADDITIONAL_FINANCIAL_INFORMATI3

ADDITIONAL FINANCIAL INFORMATION (Details 3) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Dec. 29, 2012

Sep. 29, 2012

Dec. 31, 2011

Sep. 28, 2013

Sep. 29, 2012

Jul. 02, 2011

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Dec. 29, 2012

Nov. 20, 2009

Sep. 28, 2013

NewCo

KS China Co., Limited

KSJ

item

Maximum

Related Party Transactions

Initial period of joint venture operations

'10 years

Ownership interest in joint venture (as a percent)

40.00%

Capital contributions to joint venture

$5,500,000

$5,000,000

$5,500,000

$5,000,000

Number of affiliates needed to reacquire existing KATE SPADE businesses

Cap on purchase price to be paid to reacquire existing businesses

30,000,000

Ownership interest in joint venture acquired (as a percent)

51.00%

Equity in losses of equity investees

421,000

1,528,000

983,000

474,000

400,000

1,500,000

1,000,000

500,000

Investments in equity investees amounted

9,600,000

23,300,000

9,600,000

23,300,000

5,100,000

Investment valued under cost method of accounting

$10,000,000

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
	Sep. 28, 2013	Sep. 29, 2012	item	Sep. 29, 2012
SEGMENT REPORTING	'	'	'	'
Number of reportable segments	'	'	4	'
Inter-segment sales or transfers	'	'	$0	'
SEGMENT REPORTING	'	'	'	'
Net Sales	430,604,000	364,556,000	1,184,367,000	1,018,561,000
% to Total	100.00%	100.00%	100.00%	100.00%
Reconciliation to (Loss) income from continuing operations	'	'	'	'
Unallocated Corporate Costs	-14,859,000	-15,521,000	-49,516,000	-56,573,000
Depreciation and amortization, net	-16,533,000	-14,282,000	-49,482,000	-46,796,000
Impairment of intangible asset	-3,300,000	'	-3,300,000	'
Charges due to streamlining initiatives, brand-exiting activities, acquisition related costs and loss on asset disposals and impairments, net	-5,635,000	-6,721,000	-20,000,000	-52,416,000
Share-based compensation	-1,705,000	-1,561,000	-5,206,000	-7,157,000
Equity loss included in Reportable Segments Adjusted EBITDA	421,000	1,528,000	983,000	474,000
Operating Loss	-2,323,000	-281,000	-41,579,000	-70,766,000
Other (expense) income, net	1,361,000	-1,038,000	-1,462,000	1,479,000
Impairment of cost investment	'	'	-6,109,000	'
Loss on extinguishment of debt	-599,000	-3,023,000	-1,707,000	-8,669,000
Interest expense, net	-12,087,000	-13,228,000	-36,062,000	-37,836,000
Provision for income taxes	1,253,000	1,823,000	3,862,000	4,882,000
Loss from Continuing Operations	-14,901,000	-19,393,000	-90,781,000	-120,674,000
Significant changes in segment assets	'	'	0	'
Domestic	'	'	'	'
SEGMENT REPORTING	'	'	'	'
Net Sales	380,799,000	344,147,000	1,051,365,000	972,921,000
% to Total	88.40%	94.40%	88.80%	95.50%
International	'	'	'	'
SEGMENT REPORTING	'	'	'	'
Net Sales	49,805,000	20,409,000	133,002,000	45,640,000
% to Total	11.60%	5.60%	11.20%	4.50%
Reportable Segments:	'	'	'	'
SEGMENT REPORTING	'	'	'	'
Adjusted EBITDA	39,288,000	36,276,000	84,942,000	91,702,000
Reconciliation to (Loss) income from continuing operations	'	'	'	'
Adjusted EBITDA	39,288,000	36,276,000	84,942,000	91,702,000
JUICY COUTURE	'	'	'	'
SEGMENT REPORTING	'	'	'	'
Net Sales	117,991,000	129,837,000	310,049,000	344,984,000
% to Total	27.40%	35.60%	26.20%	33.90%
Adjusted EBITDA	6,924,000	6,511,000	-5,351,000	12,604,000
% of Sales	5.90%	5.00%	-1.70%	3.70%
Reconciliation to (Loss) income from continuing operations	'	'	'	'
Adjusted EBITDA	6,924,000	6,511,000	-5,351,000	12,604,000
LUCKY BRAND	'	'	'	'
SEGMENT REPORTING	'	'	'	'
Net Sales	120,001,000	111,797,000	346,376,000	324,245,000
% to Total	27.90%	30.70%	29.20%	31.80%
Adjusted EBITDA	4,907,000	6,736,000	14,252,000	13,488,000
% of Sales	4.10%	6.00%	4.10%	4.20%
Reconciliation to (Loss) income from continuing operations	'	'	'	'
Adjusted EBITDA	4,907,000	6,736,000	14,252,000	13,488,000
KATE SPADE	'	'	'	'
SEGMENT REPORTING	'	'	'	'
Net Sales	179,727,000	101,880,000	487,485,000	289,216,000
% to Total	41.70%	27.90%	41.20%	28.40%
Adjusted EBITDA	23,510,000	15,721,000	66,350,000	51,578,000
% of Sales	13.10%	15.40%	13.60%	17.80%
Reconciliation to (Loss) income from continuing operations	'	'	'	'
Adjusted EBITDA	23,510,000	15,721,000	66,350,000	51,578,000
Equity loss included in Reportable Segments Adjusted EBITDA	-400,000	-1,500,000	-1,000,000	-500,000
Adelington Design Group	'	'	'	'
SEGMENT REPORTING	'	'	'	'
Net Sales	12,885,000	21,042,000	40,457,000	60,116,000
% to Total	3.00%	5.80%	3.40%	5.90%
Adjusted EBITDA	3,947,000	7,308,000	9,691,000	14,032,000
% of Sales	30.60%	34.70%	24.00%	23.30%
Reconciliation to (Loss) income from continuing operations	'	'	'	'
Adjusted EBITDA	3,947,000	7,308,000	9,691,000	14,032,000
Corporate	'	'	'	'
SEGMENT REPORTING	'	'	'	'
Adjusted EBITDA	-14,859,000	-15,521,000	-49,516,000	-56,573,000
Reconciliation to (Loss) income from continuing operations	'	'	'	'
Adjusted EBITDA	($14,859,000)	($15,521,000)	($49,516,000)	($56,573,000)

DERIVATIVE_INSTRUMENTS_Details

DERIVATIVE INSTRUMENTS (Details) (Foreign Currency Contracts)	Sep. 28, 2013	Sep. 28, 2013	Dec. 29, 2012	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013
	Designated as hedging instruments	Not designated as hedging instruments	Not designated as hedging instruments	Forward contracts	Forward contracts	Forward contracts	Forward contracts	Forward contracts	Forward contracts
	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	Designated as hedging instruments	Designated as hedging instruments	Not designated as hedging instruments	Not designated as hedging instruments
						USD ($)	JPY (¥)	USD ($)	JPY (¥)
DERIVATIVE INSTRUMENTS	'	'	'	'	'	'	'	'	'
Forward contracts to sell foreign currency in exchange of U.S. dollars	'	'	'	'	'	$31,500,000	¥ 3,100,000,000	$40,500,000	¥ 4,000,000,000
Transaction gains (losses) related to derivative instruments reflected within Other (expense) income, net	'	'	'	-400,000	5,800,000	'	'	'	'
Asset Derivatives	'	'	'	'	'	'	'	'	'
Asset Derivatives, Notional amount	10,148,000	'	47,486,000	'	'	'	'	'	'
Asset Derivatives, Fair value	525,000	'	1,037,000	'	'	'	'	'	'
Liability Derivatives	'	'	'	'	'	'	'	'	'
Liability Derivatives, Notional Amount	21,400,000	40,454,000	'	'	'	'	'	'	'
Liability Derivatives, Fair value	$132,000	$241,000	'	'	'	'	'	'	'

DERIVATIVE_INSTRUMENTS_Details1

DERIVATIVE INSTRUMENTS (Details 2) (Foreign Currency Contracts, USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 28, 2013
Foreign Currency Contracts	'	'
Derivative instruments, Gain (Loss)	'	'
Amount of Loss Recognized in Accumulated OCI on Derivative (Effective Portion)	($164)	$1,772
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Operations (Effective Portion)	$593	$895

SHAREBASED_COMPENSATION_Detail

SHARE-BASED COMPENSATION (Details) (USD $)	3 Months Ended		9 Months Ended				12 Months Ended	9 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012	Sep. 28, 2013	Sep. 28, 2013
					Stock options	Stock options	Stock options	Stock options	Stock options
								Minimum	Maximum
SHARE-BASED COMPENSATION	'	'	'	'	'	'	'	'	'
Vesting period	'	'	'	'	'3 years	'	'	'	'
Contractual term	'	'	'	'	'	'	'	'7 years	'10 years
Compensation expense related to share-based payment awards	$1,705,000	$1,561,000	$5,206,000	$7,157,000	'	'	'	'	'
Valuation Assumptions:	'	'	'	'	'	'	'	'	'
Weighted-average fair value of options granted (in dollars per share)	'	'	'	'	$10.32	$5.99	'	'	'
Expected volatility (as a percent)	'	'	'	'	59.50%	63.30%	'	'	'
Weighted-average volatility (as a percent)	'	'	'	'	59.50%	63.30%	'	'	'
Expected term	'	'	'	'	'4 years 10 months 24 days	'5 years 1 month 6 days	'	'	'
Risk-free rate, minimum (as a percent)	'	'	'	'	0.10%	0.20%	'	'	'
Risk-free rate, maximum (as a percent)	'	'	'	'	3.90%	3.80%	'	'	'
Expected annual forfeiture (as a percent)	'	'	'	'	12.40%	13.50%	'	'	'
Shares	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in shares)	'	'	'	'	5,846,975	'	'	'	'
Granted (in shares)	'	'	'	'	322,500	'	'	'	'
Exercised (in shares)	'	'	'	'	-305,800	'	'	'	'
Cancelled/expired (in shares)	'	'	'	'	-210,550	'	'	'	'
Outstanding at end of the period (in shares)	'	'	'	'	5,653,125	'	5,846,975	'	'
Vested or expected to vest at the end of the period (in shares)	'	'	'	'	5,446,505	'	'	'	'
Exercisable at the end of the period (in shares)	'	'	'	'	4,270,625	'	'	'	'
Weighted Average Exercise Price	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in dollars per share)	'	'	'	'	$12.21	'	'	'	'
Granted (in dollars per share)	'	'	'	'	$20.99	'	'	'	'
Exercised (in dollars per share)	'	'	'	'	$7.61	'	'	'	'
Cancelled/expired (in dollars per share)	'	'	'	'	$20.15	'	'	'	'
Outstanding at the end of the period (in dollars per share)	'	'	'	'	$12.67	'	$12.21	'	'
Vested or expected to vest at the end of the period (in dollars per share)	'	'	'	'	$12.67	'	'	'	'
Exercisable at the end of the period (in dollars per share)	'	'	'	'	$13.24	'	'	'	'
Weighted Average Remaining Contractual Term	'	'	'	'	'	'	'	'	'
Outstanding at the end of the period	'	'	'	'	'3 years 6 months	'	'4 years	'	'
Vested or expected to vest at the end of the period	'	'	'	'	'3 years 4 months 24 days	'	'	'	'
Exercisable at the end of the period	'	'	'	'	'2 years 9 months 18 days	'	'	'	'
Aggregate Intrinsic Value	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in dollars)	'	'	'	'	27,218,000	'	'	'	'
Exercised (in dollars)	'	'	'	'	4,168,000	'	'	'	'
Outstanding at the end of the period (in dollars)	'	'	'	'	82,364,000	'	27,218,000	'	'
Vested or expected to vest at the end of the period (in dollars)	'	'	'	'	79,721,000	'	'	'	'
Exercisable at the end of the period (in dollars)	'	'	'	'	62,506,000	'	'	'	'
Additional disclosure	'	'	'	'	'	'	'	'	'
Nonvested stock options outstanding (in shares)	'	'	'	'	1,400,000	'	'	'	'
Weighted average grant date fair value per award for nonvested stock options (in dollars per share)	'	'	'	'	$5.60	'	'	'	'
Total unrecognized compensation cost related to nonvested stock options granted	'	'	'	'	6,000,000	'	'	'	'
Weighted average recognition period of unrecognized stock-based compensation expense	'	'	'	'	'1 year 4 months 24 days	'	'	'	'
Fair value of shares vested under stock option plans	'	'	'	'	$4,300,000	$4,000,000	'	'	'

SHAREBASED_COMPENSATION_Detail1

SHARE-BASED COMPENSATION (Details 2) (USD $)	9 Months Ended		12 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012	Dec. 31, 2010	Dec. 29, 2012	Dec. 31, 2010	Dec. 29, 2012	Dec. 31, 2010
	Restricted stock	Restricted stock	Performance share units	Performance share units	Performance share units	Performance share units	Performance share units	Performance share units
			Key executives	Key executives	Key executives	Key executives	Key executives	Key executives
					Minimum	Minimum	Maximum	Maximum
SHARE-BASED COMPENSATION	'	'	'	'	'	'	'	'
Performance period	'	'	'2 years	'	'	'	'	'
Service period	'	'	'3 years	'	'	'	'	'
Number of shares to be earned as a percentage of target amount	'	'	'	'	0.00%	0.00%	150.00%	100.00%
Modifier applied to adjust the total units earned (as a percent)	'	'	'	'	50.00%	'	150.00%	'
Vesting period	'3 years	'	'	'	'	'	'	'
Shares	'	'	'	'	'	'	'	'
Nonvested stock at the beginning of the period (in shares)	1,678,350	'	'	'	'	'	'	'
Granted (in shares)	350,000	'	535,000	855,000	'	'	'	'
Vested (in shares)	-260,600	'	'	'	'	'	'	'
Cancelled (in shares)	-677,500	'	'	'	'	'	'	'
Nonvested stock at the end of the period (in shares)	1,090,250	'	'	'	'	'	'	'
Expected to vest at the end of the period (in shares)	501,135	'	'	'	'	'	'	'
Weighted Average Grant Date Fair Value	'	'	'	'	'	'	'	'
Nonvested stock at the beginning of the period (in dollars per share)	$8.40	'	'	'	'	'	'	'
Granted (in dollars per share)	$21.38	'	'	'	'	'	'	'
Vested (in dollars per share)	$5.68	'	'	'	'	'	'	'
Cancelled (in dollars per share)	$6.45	'	'	'	'	'	'	'
Nonvested stock at the end of the period (in dollars per share)	$14.43	'	'	'	'	'	'	'
Expected to vest at the end of the period (in dollars per share)	$16.43	'	'	'	'	'	'	'
Additional disclosures	'	'	'	'	'	'	'	'
Total unrecognized compensation cost related to nonvested stock awards granted under restricted stock plans	$6.10	'	'	'	'	'	'	'
Weighted average recognition period of unrecognized stock-based compensation expense	'2 years 9 months 18 days	'	'	'	'	'	'	'
Fair value of shares vested under restricted stock plans	$1.50	$2.30	'	'	'	'	'	'

LEGAL_PROCEEDINGS_Details

LEGAL PROCEEDINGS (Details) (Sale of the global MEXX business, USD $)	0 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Jan. 25, 2013	Sep. 28, 2013
Sale of the global MEXX business	'	'
LEGAL PROCEEDINGS	'	'
Declaratory and injunctive relief as well as damages sought by plaintiffs	'	$25
Amount owed related to working capital adjustment	'	5
Amount of cash payment agreed to settle the claim	22	'
Remaining noncontrolling interest sold	'	$4

SUPPLEMENTAL_CONDENSED_CONSOLI2

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details) (USD $)	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012	Dec. 31, 2011
Current Assets:	'	'	'	'
Cash and cash equivalents	$6,832	$59,402	$31,221	'
Accounts receivable - trade, net	121,833	121,591	126,655	'
Inventories, net	310,638	220,538	245,578	'
Deferred income taxes	806	1,259	170	'
Other current assets	58,846	49,466	47,917	'
Total current assets	498,955	452,256	451,541	'
Property and Equipment, Net	244,471	219,963	224,587	'
Goodwill	52,679	60,223	1,574	1,519
Intangibles, Net	122,602	131,350	116,623	'
Deferred Income Taxes	64	65	'	'
Other Assets	38,241	38,666	49,027	'
Total Assets	957,012	902,523	843,352	'
Current Liabilities:	'	'	'	'
Short-term borrowings	137,440	4,345	4,681	'
Convertible Senior Notes	'	18,287	28,687	'
Accounts payable	217,754	174,705	168,849	'
Accrued expenses	209,370	217,464	215,001	'
Income taxes payable	1,326	932	794	'
Deferred income taxes	'	116	16	'
Total current liabilities	565,890	415,849	418,028	'
Long-Term Debt	391,279	383,662	384,841	'
Other Non-Current Liabilities	198,878	208,916	216,957	'
Deferred Income Taxes	21,680	21,026	15,724	'
Commitments and Contingencies	'	'	'	'
Total Stockholders' (Deficit) Equity	-220,715	-126,930	-192,198	'
Total Liabilities and Stockholders' Deficit	957,012	902,523	843,352	'
Parent Company Issuer	'	'	'	'
CONDENSED CONSOLIDATING BALANCE SHEET	'	'	'	'
Ownership interest (as a percent)	100.00%	'	'	'
Current Assets:	'	'	'	'
Cash and cash equivalents	'	30,840	18,035	'
Accounts receivable - trade, net	'	3,155	3,704	'
Inventories, net	147	340	807	'
Deferred income taxes	'	180	'	'
Other current assets	15,442	15,903	17,879	'
Total current assets	15,589	50,418	40,425	'
Property and Equipment, Net	26,386	7,331	13,916	'
Intangibles, Net	174	217	'	'
Investments in Consolidated Subsidiaries	412,873	357,656	323,404	'
Intercompany Receivable	1,895	2,084	2,106	'
Other Assets	13,785	10,552	11,755	'
Total Assets	470,702	428,258	391,606	'
Current Liabilities:	'	'	'	'
Short-term borrowings	135,456	4,345	4,681	'
Convertible Senior Notes	'	18,287	28,687	'
Accounts payable	35,288	16,734	10,127	'
Intercompany payable	8,221	7,643	9,457	'
Accrued expenses	72,008	77,273	95,339	'
Total current liabilities	250,973	124,282	148,291	'
Long-Term Debt	391,279	383,662	384,841	'
Other Non-Current Liabilities	49,165	47,244	50,672	'
Commitments and Contingencies	'	'	'	'
Total Stockholders' (Deficit) Equity	-220,715	-126,930	-192,198	'
Total Liabilities and Stockholders' Deficit	470,702	428,258	391,606	'
Guarantor Subsidiaries	'	'	'	'
Current Assets:	'	'	'	'
Cash and cash equivalents	2,770	4,827	2,086	'
Accounts receivable - trade, net	107,609	110,584	113,814	'
Inventories, net	279,088	188,853	232,406	'
Intercompany receivable	10,447	3,889	3,953	'
Other current assets	34,476	28,986	22,839	'
Total current assets	434,390	337,139	375,098	'
Property and Equipment, Net	187,993	186,694	191,106	'
Intangibles, Net	112,225	116,044	115,674	'
Investments in Consolidated Subsidiaries	120,165	122,568	27,983	'
Intercompany Receivable	40,754	46,348	'	'
Other Assets	916	939	18,317	'
Total Assets	896,443	809,732	728,178	'
Current Liabilities:	'	'	'	'
Accounts payable	187,176	146,707	152,018	'
Accrued expenses	127,907	124,918	113,847	'
Total current liabilities	315,083	271,625	265,865	'
Other Non-Current Liabilities	138,366	148,091	153,849	'
Deferred Income Taxes	18,201	15,664	15,260	'
Commitments and Contingencies	'	'	'	'
Total Stockholders' (Deficit) Equity	424,793	374,352	293,204	'
Total Liabilities and Stockholders' Deficit	896,443	809,732	728,178	'
Non-Guarantor Subsidiaries	'	'	'	'
Current Assets:	'	'	'	'
Cash and cash equivalents	16,124	26,074	11,170	'
Accounts receivable - trade, net	14,224	13,605	9,137	'
Inventories, net	31,403	31,345	12,365	'
Deferred income taxes	806	1,079	170	'
Other current assets	8,928	4,577	7,199	'
Total current assets	71,485	76,680	40,041	'
Property and Equipment, Net	30,092	25,938	19,565	'
Goodwill	52,679	60,223	1,574	'
Intangibles, Net	10,203	15,089	949	'
Deferred Income Taxes	64	65	'	'
Other Assets	23,540	27,175	18,955	'
Total Assets	188,063	205,170	81,084	'
Current Liabilities:	'	'	'	'
Short-term borrowings	1,984	'	'	'
Accounts payable	7,352	19,420	6,774	'
Intercompany payable	56,535	52,603	99,270	'
Accrued expenses	9,455	15,273	5,815	'
Income taxes payable	1,326	932	794	'
Deferred income taxes	'	116	16	'
Total current liabilities	76,652	88,344	112,669	'
Intercompany Payable	57,116	63,386	17,262	'
Other Non-Current Liabilities	11,347	13,581	12,436	'
Deferred Income Taxes	3,479	5,362	464	'
Commitments and Contingencies	'	'	'	'
Total Stockholders' (Deficit) Equity	39,469	34,497	-61,747	'
Total Liabilities and Stockholders' Deficit	188,063	205,170	81,084	'
Eliminations	'	'	'	'
Current Assets:	'	'	'	'
Cash and cash equivalents	-12,062	-2,339	-70	'
Accounts receivable - trade, net	'	-5,753	'	'
Intercompany receivable	-10,447	-3,889	-3,953	'
Total current assets	-22,509	-11,981	-4,023	'
Investments in Consolidated Subsidiaries	-533,038	-480,224	-351,387	'
Intercompany Receivable	-42,649	-48,432	-2,106	'
Total Assets	-598,196	-540,637	-357,516	'
Current Liabilities:	'	'	'	'
Accounts payable	-12,062	-8,156	-70	'
Intercompany payable	-64,756	-60,246	-108,727	'
Total current liabilities	-76,818	-68,402	-108,797	'
Intercompany Payable	-57,116	-63,386	-17,262	'
Commitments and Contingencies	'	'	'	'
Total Stockholders' (Deficit) Equity	-464,262	-408,849	-231,457	'
Total Liabilities and Stockholders' Deficit	($598,196)	($540,637)	($357,516)	'

SUPPLEMENTAL_CONDENSED_CONSOLI3

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'	'	'
Net Sales	$430,604	$364,556	$1,184,367	$1,018,561
Cost of goods sold	187,460	161,439	521,357	445,620
Gross Profit	243,144	203,117	663,010	572,941
Selling, general & administrative expenses	242,167	203,398	701,289	643,707
Impairment of intangible asset	3,300	'	3,300	'
Operating Loss	-2,323	-281	-41,579	-70,766
Other (expense) income, net	1,361	-1,038	-1,462	1,479
Impairment of cost investment	'	'	-6,109	'
Loss on extinguishment of debt	-599	-3,023	-1,707	-8,669
Interest (expense) income, net	-12,087	-13,228	-36,062	-37,836
Loss Before Provision for Income Taxes	-13,648	-17,570	-86,919	-115,792
Provision (benefit) for income taxes	1,253	1,823	3,862	4,882
Loss from Continuing Operations	-14,901	-19,393	-90,781	-120,674
Discontinued operations, net of income taxes	-1,965	592	-21,396	-10,865
Net Loss	-16,866	-18,801	-112,177	-131,539
Parent Company Issuer	'	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'	'	'
Net Sales	201	8,423	6,599	18,401
Cost of goods sold	127	4,818	4,510	12,379
Gross Profit	74	3,605	2,089	6,022
Selling, general & administrative expenses	1,243	1,088	3,995	2,971
Operating Loss	-1,169	2,517	-1,906	3,051
Other (expense) income, net	-85	-126	-1,707	943
Equity in (losses) earnings of consolidated subsidiaries - continuing operations	-1,110	-5,674	-50,191	-78,616
Loss on extinguishment of debt	-599	-3,023	-1,707	-8,669
Interest (expense) income, net	-11,938	-13,132	-35,270	-37,362
Loss Before Provision for Income Taxes	-14,901	-19,438	-90,781	-120,653
Provision (benefit) for income taxes	'	-45	'	21
Loss from Continuing Operations	-14,901	-19,393	-90,781	-120,674
Discontinued operations, net of income taxes	-759	972	-3,844	705
Equity in (losses) earnings of consolidated subsidiaries - discontinued operations, net of income taxes	-1,206	-380	-17,552	-11,570
Net Loss	-16,866	-18,801	-112,177	-131,539
Guarantor Subsidiaries	'	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'	'	'
Net Sales	380,598	335,724	1,044,766	954,520
Cost of goods sold	167,408	147,005	463,283	412,685
Gross Profit	213,190	188,719	581,483	541,835
Selling, general & administrative expenses	210,795	191,215	611,658	605,084
Impairment of intangible asset	3,300	'	3,300	'
Operating Loss	-905	-2,496	-33,475	-63,249
Other (expense) income, net	62	-433	70	117
Equity in (losses) earnings of consolidated subsidiaries - continuing operations	-28,058	-2,458	-46,118	-7,865
Interest (expense) income, net	470	33	1,300	-72
Loss Before Provision for Income Taxes	-28,431	-5,354	-78,223	-71,069
Provision (benefit) for income taxes	2,371	1,627	5,417	4,167
Loss from Continuing Operations	-30,802	-6,981	-83,640	-75,236
Discontinued operations, net of income taxes	-463	56	-856	-6,093
Equity in (losses) earnings of consolidated subsidiaries - discontinued operations, net of income taxes	333	2,926	-19,650	2,737
Net Loss	-30,932	-3,999	-104,146	-78,592
Non-Guarantor Subsidiaries	'	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'	'	'
Net Sales	49,805	20,409	133,002	45,640
Cost of goods sold	19,925	9,616	53,564	20,556
Gross Profit	29,880	10,793	79,438	25,084
Selling, general & administrative expenses	30,129	11,095	85,636	35,652
Operating Loss	-249	-302	-6,198	-10,568
Other (expense) income, net	1,384	-479	175	419
Impairment of cost investment	'	'	-6,109	'
Interest (expense) income, net	-619	-129	-2,092	-402
Loss Before Provision for Income Taxes	516	-910	-14,224	-10,551
Provision (benefit) for income taxes	-1,118	241	-1,555	694
Loss from Continuing Operations	1,634	-1,151	-12,669	-11,245
Discontinued operations, net of income taxes	-743	-436	-16,696	-5,477
Net Loss	891	-1,587	-29,365	-16,722
Eliminations	'	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	'	'	'	'
Equity in (losses) earnings of consolidated subsidiaries - continuing operations	29,168	8,132	96,309	86,481
Loss Before Provision for Income Taxes	29,168	8,132	96,309	86,481
Loss from Continuing Operations	29,168	8,132	96,309	86,481
Equity in (losses) earnings of consolidated subsidiaries - discontinued operations, net of income taxes	873	-2,546	37,202	8,833
Net Loss	$30,041	$5,586	$133,511	$95,314

SUPPLEMENTAL_CONDENSED_CONSOLI4

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS	'	'	'	'
Net (Loss) Income	($16,866)	($18,801)	($112,177)	($131,539)
Other Comprehensive (Loss) Income, Net of Income Taxes	-212	133	-7,127	70
Comprehensive Loss	-17,078	-18,668	-119,304	-131,469
Parent Company Issuer	'	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS	'	'	'	'
Net (Loss) Income	-16,866	-18,801	-112,177	-131,539
Other Comprehensive (Loss) Income, Net of Income Taxes	-212	133	-7,127	70
Comprehensive Loss	-17,078	-18,668	-119,304	-131,469
Guarantor Subsidiaries	'	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS	'	'	'	'
Net (Loss) Income	-30,932	-3,999	-104,146	-78,592
Other Comprehensive (Loss) Income, Net of Income Taxes	-20	315	-7,064	-367
Comprehensive Loss	-30,952	-3,684	-111,210	-78,959
Non-Guarantor Subsidiaries	'	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS	'	'	'	'
Net (Loss) Income	891	-1,587	-29,365	-16,722
Other Comprehensive (Loss) Income, Net of Income Taxes	-227	338	-6,832	-47
Comprehensive Loss	664	-1,249	-36,197	-16,769
Eliminations	'	'	'	'
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS	'	'	'	'
Net (Loss) Income	30,041	5,586	133,511	95,314
Other Comprehensive (Loss) Income, Net of Income Taxes	247	-653	13,896	414
Comprehensive Loss	$30,288	$4,933	$147,407	$95,728

SUPPLEMENTAL_CONDENSED_CONSOLI5

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 4) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'
Net cash used in operating activities	($122,174)	($87,281)
Cash Flows from Investing Activities:	'	'
Proceeds from sale of property and equipment	20,264	'
Purchases of property and equipment	-77,787	-55,180
Payments for in-store merchandise shops	-2,479	-1,767
Investments in and advances to equity investees	-5,500	-5,000
Net proceeds from disposition	4,000	'
Other, net	101	236
Net cash used in investing activities of discontinued operations	-2,234	'
Net cash used in investing activities	-63,635	-61,711
Cash Flows from Financing Activities:	'	'
Proceeds from borrowings under revolving credit agreement	495,696	113,389
Repayment of borrowings under revolving credit agreement	-359,543	-113,389
Proceeds from issuance of Senior Secured Notes	'	164,540
Proceeds from capital lease	8,673	'
Repayment of Euro Notes	'	-158,027
Principal payments under capital lease obligations	-3,747	-3,331
Proceeds from exercise of stock options	2,326	6,049
Payment of deferred financing fees	-5,271	-6,064
Net cash provided by financing activities	138,134	3,167
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-4,895	-2,890
Net Change in Cash and Cash Equivalents	-52,570	-148,715
Cash and Cash Equivalents at Beginning of Period	59,402	179,936
Cash and Cash Equivalents at End of Period	6,832	31,221
Parent Company Issuer	'	'
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'
Net cash used in operating activities	-58,460	-8,735
Cash Flows from Investing Activities:	'	'
Proceeds from sale of property and equipment	20,264	'
Purchases of property and equipment	-5,757	-3,080
(Increase) decrease in investments in and advances to consolidated subsidiaries	-105,406	-96,691
Other, net	-303	-483
Net cash used in investing activities	-91,202	-100,254
Cash Flows from Financing Activities:	'	'
Proceeds from borrowings under revolving credit agreement	493,527	113,389
Repayment of borrowings under revolving credit agreement	-359,277	-113,389
Proceeds from issuance of Senior Secured Notes	'	164,540
Increase (decrease) in intercompany loans	767	-17,766
Repayment of Euro Notes	'	-158,027
Principal payments under capital lease obligations	-3,747	-3,331
Proceeds from exercise of stock options	2,326	6,049
Payment of deferred financing fees	-5,033	-6,064
Net cash provided by financing activities	128,563	-14,599
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-9,741	-3,160
Net Change in Cash and Cash Equivalents	-30,840	-126,748
Cash and Cash Equivalents at Beginning of Period	30,840	144,783
Cash and Cash Equivalents at End of Period	'	18,035
Guarantor Subsidiaries	'	'
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'
Net cash used in operating activities	-49,517	-51,286
Cash Flows from Investing Activities:	'	'
Purchases of property and equipment	-62,644	-45,042
Payments for in-store merchandise shops	-1,822	-1,477
(Increase) decrease in investments in and advances to consolidated subsidiaries	117,930	82,501
Other, net	334	557
Net cash used in investing activities	53,798	36,539
Cash Flows from Financing Activities:	'	'
Increase (decrease) in intercompany loans	-964	-3,331
Proceeds from capital lease	8,673	'
Net cash provided by financing activities	7,709	-3,331
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-14,047	-138
Net Change in Cash and Cash Equivalents	-2,057	-18,216
Cash and Cash Equivalents at Beginning of Period	4,827	20,302
Cash and Cash Equivalents at End of Period	2,770	2,086
Non-Guarantor Subsidiaries	'	'
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'
Net cash used in operating activities	-4,474	-27,355
Cash Flows from Investing Activities:	'	'
Purchases of property and equipment	-9,386	-7,058
Payments for in-store merchandise shops	-657	-290
Investments in and advances to equity investees	-5,500	-5,000
Net proceeds from disposition	4,000	'
(Increase) decrease in investments in and advances to consolidated subsidiaries	-12,524	14,190
Other, net	70	162
Net cash used in investing activities of discontinued operations	-2,234	'
Net cash used in investing activities	-26,231	2,004
Cash Flows from Financing Activities:	'	'
Proceeds from borrowings under revolving credit agreement	2,169	'
Repayment of borrowings under revolving credit agreement	-266	'
Increase (decrease) in intercompany loans	197	21,097
Payment of deferred financing fees	-238	'
Net cash provided by financing activities	1,862	21,097
Effect of Exchange Rate Changes on Cash and Cash Equivalents	18,893	408
Net Change in Cash and Cash Equivalents	-9,950	-3,846
Cash and Cash Equivalents at Beginning of Period	26,074	15,016
Cash and Cash Equivalents at End of Period	16,124	11,170
Eliminations	'	'
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	'	'
Net cash used in operating activities	-9,723	95
Cash Flows from Financing Activities:	'	'
Net Change in Cash and Cash Equivalents	-9,723	95
Cash and Cash Equivalents at Beginning of Period	-2,339	-165
Cash and Cash Equivalents at End of Period	($12,062)	($70)

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	9 Months Ended	0 Months Ended			0 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Oct. 07, 2013	Oct. 07, 2013	Oct. 07, 2013	Oct. 07, 2013	Oct. 07, 2013
		Subsequent event	Subsequent event	Subsequent event	Subsequent event	Subsequent event
		Juicy Couture	Juicy Couture	Juicy Couture	Juicy Couture	Juicy Couture
		Minimum	Maximum	ABG	ABG	ABG
					Minimum	Maximum
Subsequent event	'	'	'	'	'	'
Purchase price	'	'	'	$195	'	'
Additional contingent payment	'	'	'	'	'	10
Guaranteed minimum royalties payment	'	'	'	'	10	'
Estimates cash restructuring and other cash transition charges including contract termination, employee related and other costs	6.3	'	'	'	50	60
Expected transaction costs including professional fees	'	'	'	10	'	'
Estimated net proceeds	'	125	135	'	'	'
Expected non-cash asset impairment charges	'	'	'	'	$30	$40