The Warnaco Group, Inc. (Warnaco Group), along with its subsidiaries, designs, sources, markets, licenses and distributes a range of intimate apparel, sportswear and swimwear products worldwide. The Company’s products are sold under brand names, including, but not limited to, Calvin Klein, Speedo, Chaps, Warner’s and Olga. The Company operates in three segments: Sportswear Group, Intimate Apparel Group and Swimwear Group. As of December 31, 2011, the Company operated 1,759 Calvin Klein retail stores worldwide (consisting of 263 full price free-standing stores, 118 outlet free-standing stores, 1,376 shop-in-shop/concession stores and, in the United States, two online stores: Calvinkleinjeans.com, and CKU.com) and one online swimwear store SpeedoUSA.com. There were also 615 Calvin Klein retail stores operated by third parties under retail licenses or franchise and distributor agreements.