Calvin Klein Underwear Store Launches in New York's Soho.

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 16, 2003

A new freestanding Calvin Klein Underwear retail store opened at 104 Prince Street, New York City, on Sunday December 14, 2003.

Located in a landmark building in Soho, the 800 square foot store stocks both men's and women's merchandise, concentrating on fashion forward product. Additionally, the store will carry exclusive women's items and fragrance.

Modern design elements are simple and concise to keep the focus on the product. Clean lines and effective lighting make the store approachable and inviting.

The new Calvin Klein Underwear store is the latest location in a worldwide network of freestanding stores. This will be the first Calvin Klein Underwear store in the U.S. - there are five in the United Kingdom and 12 in Asia. Seven more stores will open in Asia in 2004.

Warnaco is the owner of the Calvin Klein trademarks for underwear and intimate apparel. As previously announced, Warnaco plans to open additional Calvin Klein Underwear stores in the U.S. in 2004.

Joe Gromek, President and CEO of Warnaco, said "We have been very successful with our Calvin Klein Underwear retail model in the UK and Asia, and we're delighted with the opening of this first U.S. retail location as we move to replicate the success of our international business in the U.S."

"Free standing stores are always an excellent way for a brand to communicate a comprehensive un-edited range of product a designer makes. This is true of the new underwear store in Soho," said Tom Murry, President and COO of Calvin Klein Inc. "Until now there has not been a large retail space for our underwear customer in downtown Manhattan."

The Soho store is owned and operated by Blue Vibes, a multinational organization with many retail interests.

About The Warnaco Group, Inc.

The Warnaco Group, Inc. (NASDAQ: WRNC), headquartered in New York, is a leading manufacturer of intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories sold under such owned and licensed brands as Warner's(R), Olga(R), Lejaby(R), Body Nancy Ganz(TM), Chaps Ralph Lauren(R), Calvin Klein(R) men's and women's underwear, men's accessories, men's, women's, junior women's and children's jeans and women's and juniors swimwear, Speedo(R) men's, women's and children's swimwear, sportswear and swimwear accessories, Anne Cole Collection(R), Cole of California(R), Catalina(R) and Nautica(R) swimwear.

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that reflect, when made, the Company's expectations or beliefs concerning future events that involve risks and uncertainties, including general economic conditions affecting the apparel industry, changing fashion trends, pricing pressures which may cause the Company to lower its prices, increases in the prices of raw materials the Company uses, changing international trade regulation and elimination of quotas on imports of textiles and apparel, the Company's ability to protect its intellectual property rights, the Company's dependency on a limited number of customers, the Company's dependency on the reputation of its brand names, the Company's exposure to conditions in overseas markets, the competition in the Company's markets, the Company's recent emergence from bankruptcy, the comparability of financial statements for periods before and after the Company's adoption of fresh start accounting; the effect of local laws and regulations, shortages of supply of sourced goods or interruptions in the Company's manufacturing, the Company's level of debt, the Company's ability to obtain additional financing, the restrictions on the Company's operations imposed by its revolving credit facility and the indenture governing its senior notes and the Company's ability to service its debt. All statements other than statements of historical facts included in this press release are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements may contain the words "believe," "anticipate," "expect," "estimate," "project," "will be," "will continue," "will likely result," or other similar words and phrases. Forward-looking statements and the Company's plans and expectations are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, and the Company's business in general is subject to certain risks that could affect the value of its stock.