EXHIBIT 99.1
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M E D I A   R E L E A S E
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                                      Media Contact: Nancy Murray 212-813-7862
                                  Investor Contact: Denise Gillen 212-318-7516


POLO RALPH LAUREN COMPLETES TRANSACTION TO BUY BACK
POLO JEANS LICENSE AND SETTLE OUTSTANDING LITIGATION

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NEW YORK  (February  3,  2006) - Polo  Ralph  Lauren  Corporation  (NYSE:  RL)
announced  today  that it has  completed  the  acquisition  of the Polo  Jeans
business for men's and women's  casual  apparel and  sportswear  in the United
States  from  Jones  Apparel  Group,  Inc.  and has  settled  all  outstanding
litigation and claims between the two companies.

Polo Ralph Lauren paid an aggregate consideration of $355 million from cash on
hand to purchase the stock of Sun Apparel,  Inc., a Jones Apparel  subsidiary,
subject to post-closing adjustments,  and to settle all outstanding litigation
and claims between Polo Ralph Lauren and Jones Apparel and their affiliates.

Polo  Ralph  Lauren  Corporation  is a leader  in the  design,  marketing  and
distribution of premium lifestyle products in four categories:  apparel, home,
accessories  and  fragrances.  For more than 38 years,  Polo's  reputation and
distinctive image have been consistently  developed across an expanding number
of products,  brands and  international  markets.  The Company's  brand names,
which include "Polo by Ralph  Lauren",  "Ralph  Lauren Purple  Label",  "Ralph
Lauren",  "Black Label", "Blue Label",  "Lauren by Ralph Lauren",  "Polo Jeans
Co.", "RRL", "RLX",  "Rugby",  "RL Childrenswear",  "Chaps", and "Club Monaco"
among others, constitute one of the world's most widely recognized families of
consumer brands. For more information, go to HTTP://INVESTOR.POLO.COM.

THIS  PRESS   RELEASE  AND  ORAL   STATEMENTS   MADE  FROM  TIME  TO  TIME  BY
REPRESENTATIVES  OF THE COMPANY CONTAIN CERTAIN  "FORWARD-LOOKING  STATEMENTS"
CONCERNING  CURRENT  EXPECTATIONS  ABOUT  THE  COMPANY'S  FUTURE  RESULTS  AND
CONDITION,  INCLUDING  SALES,  STORE  OPENINGS,  GROSS  MARGINS,  EXPENSES AND
EARNINGS.  ACTUAL RESULTS MIGHT DIFFER  MATERIALLY FROM THOSE PROJECTED IN THE
FORWARD-LOOKING STATEMENTS.  AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS
TO  MATERIALLY  DIFFER  INCLUDE,  AMONG  OTHERS,  CHANGES  IN THE  COMPETITIVE
MARKETPLACE,  INCLUDING THE INTRODUCTION OF NEW PRODUCTS OR PRICING CHANGES BY
OUR  COMPETITORS,  CHANGES  IN THE  ECONOMY  AND  OTHER  EVENTS  LEADING  TO A
REDUCTION  IN  DISCRETIONARY  CONSUMER  SPENDING;  RISKS  ASSOCIATED  WITH THE
COMPANY'S  DEPENDENCE ON SALES TO A LIMITED NUMBER OF LARGE  DEPARTMENT  STORE
CUSTOMERS,  INCLUDING  RISKS RELATED TO EXTENDING  CREDIT TO CUSTOMERS;  RISKS
ASSOCIATED  WITH THE  COMPANY'S  DEPENDENCE  ON ITS  LICENSING  PARTNERS FOR A
SUBSTANTIAL  PORTION  OF ITS NET INCOME  AND RISKS  ASSOCIATED  WITH A LACK OF
OPERATIONAL AND FINANCIAL CONTROL OVER LICENSED  BUSINESSES;  RISKS ASSOCIATED
WITH CHANGES IN SOCIAL,  POLITICAL,  ECONOMIC AND OTHER  CONDITIONS  AFFECTING
FOREIGN OPERATIONS OR SOURCING  (INCLUDING FOREIGN EXCHANGE  FLUCTUATIONS) AND
THE  POSSIBLE  ADVERSE  IMPACT  OF  CHANGES  IN  IMPORT  RESTRICTIONS;   RISKS
ASSOCIATED WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS
GROWTH   STRATEGIES  OR  ITS  ABILITY  TO  SUCCESSFULLY   INTEGRATE   ACQUIRED
BUSINESSES;  RISKS ARISING OUT OF LITIGATION OR TRADEMARK CONFLICTS, AND OTHER
RISK FACTORS IDENTIFIED IN THE COMPANY'S FORM 10-K, 10-Q AND 8-K REPORTS FILED
WITH THE  SECURITIES  AND  EXCHANGE  COMMISSION.  THE  COMPANY  UNDERTAKES  NO
OBLIGATION  TO UPDATE OR REVISE  ANY  FORWARD-LOOKING  STATEMENTS  TO  REFLECT
SUBSEQUENT EVENTS OR CIRCUMSTANCES.