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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance Table
As required by Item 402(v) of Regulation
S-K,
we are
providing
the following information about the relationship between executive compensation actually paid (as defined by SEC rules) and certain financial performance measures of the Company. For further information about how we align executive compensation with the Company’s performance, see “Compensation of Executive Officers” above. The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by our named executive officers (“NEOs”), including with respect to RSUs and PSUs.
 
Fiscal
Year
 
Summary

Compensation

Table Total for

PEO
(1)
   
Compensation

Actually Paid

to PEO
(2)
   
Average

Summary

Compensation

Table Total for

non-PEO Named

Executive

Officers
(3)
   
Average

Compensation

Actually Paid to

non-PEO Named

Executive

Officers
(4)
   
Value of Initial
Fixed $100 Investment
Based On:
   
Net Income

(in thousands)
   
Company-Selected
Performance Measures
 
 
Total

Shareholder

Return
(5)
   
Peer Group

Total

Shareholder

Return
(5)(6)
   
Net Sales

(in thousands)
   
Operating

Income

(in thousands)
 
2024
  $ 1,033,840     $ 1,033,840     $ 4,387,227     $ 6,173,466     $ 148.44     $ 157.57     $ 287,674     $ 5,153,237     $ 369,795  
2023
  $ 55,462     $ 55,462     $ 2,901,291     $ 2,847,873     $ 106.99     $ 129.89     $ 159,699     $ 4,795,244     $ 226,623  
2022
  $ 1,040,539     $ 1,040,539     $ 4,876,086     $ 4,582,685     $ 112.19     $ 117.78     $ 310,616     $ 4,548,763     $ 408,566  
2021
  $ 36,287     $ 36,287     $ 1,751,526     $ 956,780     $ 107.15     $ 109.59     $ 1,236     $ 3,449,749     $ 3,972  
 
(1)
The dollar amounts reported for Mr. Richard A. Hayne, our Chairman of the Board and Chief Executive Officer (“PEO”), under “Summary Compensation Table Total for PEO” are the amounts of total compensation reported for Mr. Hayne in the “Total” column of the Summary Compensation Table for each applicable year.
(2)
The dollar amounts reported for Mr. Hayne under “Compensation Actually Paid” represent the amount of “compensation actually paid” to Mr. Hayne, as computed in accordance with Item 402(v) of Regulation
S-K
in each applicable year. Mr. Hayne received no equity-based or pension-based compensation in any fiscal year presented on the table above, accordingly, no adjustments were required under Item 402(v) of Regulation
S-K
to determine Mr. Hayne’s compensation actually paid and none are presented herein.
(3)
The dollar amounts reported under “Average Summary Compensation Total for
non-PEO
Named Executive Officers” represent the average of the amounts reported for the Company’s NEOs as a group (excluding any individual serving as our CEO for such year) in the “Total” column of the Summary Compensation Table in each applicable year. The names of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for fiscal 2024 Francis J. Conforti, Sheila B. Harrington, Melanie Marein-Efron and Margaret A. Hayne; (ii) for fiscal 2023, Francis J. Conforti, Sheila B. Harrington, Melanie Marein-Efron and Tricia D. Smith; (iii) for fiscal 2022, Francis J. Conforti, Sheila B. Harrington, Margaret A. Hayne and Melanie Marein-Efron; and (iv) for fiscal 2021, Francis J. Conforti, Trish Donnelly, Sheila B. Harrington, Margaret A. Hayne, Calvin Hollinger and Melanie Marein-Efron.
 
(4)
The dollar amounts reported under “Average Compensation Actually Paid for
non-PEO
Named Executive Officers” represent the average amount of “compensation actually paid” to the NEOs as a group (excluding the CEO), as computed in accordance with Item 402(v) of Regulation
S-K
in each applicable year. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the adjustments in the table below were made to the NEOs’ total compensation for each year to determine the compensation actually paid:
 
   
NEO Averages
 
   
2024
   
2023
   
2022
   
2021
 
Total Compensation as reported in the Summary Compensation Table
  $ 4,387,227     $ 2,901,291     $ 4,876,086     $ 1,751,526  
(Deduct): Fair value of equity compensation granted during the covered fiscal year as reported in the Summary Compensation Table
  $ (1,450,003   $ (1,395,900   $ (2,718,188   $ (837,647
Add: Fair value at year end of equity compensation granted in the covered fiscal year that was outstanding and unvested at the covered fiscal year end
  $ 2,043,773     $ 1,506,450     $ 2,046,300     $ 489,932  
Add or (Deduct): The change in fair value of any awards granted in prior years that were outstanding and unvested as of the end of the covered fiscal year
  $ 1,229,442     $ (121,363   $ 240,148     $ (415,796
Add: Fair value as of the vesting date of awards granted and vested during the covered fiscal year
  $ —      $ —      $ —      $ —   
Add or (Deduct): For awards granted in prior years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year, the change in the fair value from the end of the prior fiscal year to the vesting date
  $ (36,973   $ (42,605   $ 138,339     $ (31,235
Deduct: For awards granted in prior years that failed to meet the applicable vesting conditions during the covered fiscal year (i.e., were forfeited), the amount equal to the fair value at the end of the prior fiscal year
  $ —      $ —      $ —      $ (483,558
Compensation Actually Paid to NEO
  $ 6,173,466     $ 2,847,873     $ 4,582,685     $ 956,780  
 
In calculating compensation actually paid, the Company determined the fair value of outstanding, vested and forfeited awards in the covered year in accordance with SEC rules for compensation actually paid and computed in a manner consistent with ASC 718 fair valuation used to account for share-based payments for purposes of the financial statements consistent with U.S. generally accepted accounting principles. Restricted stock units are valued based on the share price on the relevant measurement date. Performance stock units are also valued at the share price on the relevant measurement date, except that such values are multiplied by the estimated probability of achievement as of the measurement date.
 
(5)
Cumulative total shareholder return (“TSR”) is calculated assuming a fixed investment of $100, including the reinvestment of dividends (as applicable) measured from the market close on January 31, 2020 through and including the end of the fiscal year for each year reported on the table.
(6)
The peer group used for this purpose is the following published industry index: S&P 500 Apparel Retail.
     
Named Executive Officers, Footnote The names of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for fiscal 2024 Francis J. Conforti, Sheila B. Harrington, Melanie Marein-Efron and Margaret A. Hayne; (ii) for fiscal 2023, Francis J. Conforti, Sheila B. Harrington, Melanie Marein-Efron and Tricia D. Smith; (iii) for fiscal 2022, Francis J. Conforti, Sheila B. Harrington, Margaret A. Hayne and Melanie Marein-Efron; and (iv) for fiscal 2021, Francis J. Conforti, Trish Donnelly, Sheila B. Harrington, Margaret A. Hayne, Calvin Hollinger and Melanie Marein-Efron.      
Peer Group Issuers, Footnote
(5)
Cumulative total shareholder return (“TSR”) is calculated assuming a fixed investment of $100, including the reinvestment of dividends (as applicable) measured from the market close on January 31, 2020 through and including the end of the fiscal year for each year reported on the table.
(6)
The peer group used for this purpose is the following published industry index: S&P 500 Apparel Retail.
     
PEO Total Compensation Amount $ 1,033,840 $ 55,462 $ 1,040,539 $ 36,287
PEO Actually Paid Compensation Amount 1,033,840 55,462 1,040,539 36,287
Non-PEO NEO Average Total Compensation Amount 4,387,227 2,901,291 4,876,086 1,751,526
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,173,466 2,847,873 4,582,685 956,780
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported under “Average Compensation Actually Paid for
non-PEO
Named Executive Officers” represent the average amount of “compensation actually paid” to the NEOs as a group (excluding the CEO), as computed in accordance with Item 402(v) of Regulation
S-K
in each applicable year. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the adjustments in the table below were made to the NEOs’ total compensation for each year to determine the compensation actually paid:
 
   
NEO Averages
 
   
2024
   
2023
   
2022
   
2021
 
Total Compensation as reported in the Summary Compensation Table
  $ 4,387,227     $ 2,901,291     $ 4,876,086     $ 1,751,526  
(Deduct): Fair value of equity compensation granted during the covered fiscal year as reported in the Summary Compensation Table
  $ (1,450,003   $ (1,395,900   $ (2,718,188   $ (837,647
Add: Fair value at year end of equity compensation granted in the covered fiscal year that was outstanding and unvested at the covered fiscal year end
  $ 2,043,773     $ 1,506,450     $ 2,046,300     $ 489,932  
Add or (Deduct): The change in fair value of any awards granted in prior years that were outstanding and unvested as of the end of the covered fiscal year
  $ 1,229,442     $ (121,363   $ 240,148     $ (415,796
Add: Fair value as of the vesting date of awards granted and vested during the covered fiscal year
  $ —      $ —      $ —      $ —   
Add or (Deduct): For awards granted in prior years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year, the change in the fair value from the end of the prior fiscal year to the vesting date
  $ (36,973   $ (42,605   $ 138,339     $ (31,235
Deduct: For awards granted in prior years that failed to meet the applicable vesting conditions during the covered fiscal year (i.e., were forfeited), the amount equal to the fair value at the end of the prior fiscal year
  $ —      $ —      $ —      $ (483,558
Compensation Actually Paid to NEO
  $ 6,173,466     $ 2,847,873     $ 4,582,685     $ 956,780  
     
Compensation Actually Paid vs. Total Shareholder Return
LOGO
     
Compensation Actually Paid vs. Net Income
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
LOGO
     
Total Shareholder Return Vs Peer Group
LOGO
     
Tabular List, Table
Financial Performance Measures
As described in greater detail in “Compensation of Executive Officers”, our approach to executive compensation is designed to directly link pay to performance, recognize both corporate and individual performance, promote long-term stock ownership, attract, retain and motivate talented executives, and balance risk and reward while taking into consideration stakeholder feedback as well as market trends and practices. As
described
in “Compensation of Executive Officers,” the Company uses Net Sales and Operating Income, subject to certain adjustments described therein, in determining executives’ annual bonuses, and uses Operating Income rate in PSU awards. Accordingly, the financial measures used by the Company to link compensation actually paid (as defined by SEC rules) to the Company’s named executive officers for the most recently completed fiscal year to the Company’s performance are:
 
   
Net Sales,
   
Operating Income, and
   
Operating Income rate.
     
Total Shareholder Return Amount $ 148.44 106.99 112.19 107.15
Peer Group Total Shareholder Return Amount 157.57 129.89 117.78 109.59
Net Income (Loss) $ 287,674,000 $ 159,699,000 $ 310,616,000 $ 1,236,000
PEO Name Mr. Richard A. Hayne      
Measure:: 1        
Pay vs Performance Disclosure        
Name Net Sales      
Measure:: 2        
Pay vs Performance Disclosure        
Name Operating Income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Operating Income rate      
Company Selected Measure1 [Member]        
Pay vs Performance Disclosure        
Company Selected Measure Amount 5,153,237,000 4,795,244,000 4,548,763,000 3,449,749,000
Company Selected Measure2 [Member]        
Pay vs Performance Disclosure        
Company Selected Measure Amount 369,795,000 226,623,000 408,566,000 3,972,000
Non-PEO NEO | Fair value of equity compensation granted during the covered fiscal year as reported in the Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (1,450,003) $ (1,395,900) $ (2,718,188) $ (837,647)
Non-PEO NEO | Fair value at year end of equity compensation granted in the covered fiscal year that was outstanding and unvested at the covered fiscal year end        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,043,773 1,506,450 2,046,300 489,932
Non-PEO NEO | The change in fair value of any awards granted in prior years that were outstanding and unvested as of the end of the covered fiscal year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,229,442 (121,363) 240,148 (415,796)
Non-PEO NEO | Fair value as of the vesting date of awards granted and vested during the covered fiscal year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | For awards granted in prior years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year, the change in the fair value from the end of the prior fiscal year to the vesting date        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (36,973) (42,605) 138,339 (31,235)
Non-PEO NEO | For awards granted in prior years that failed to meet the applicable vesting conditions during the covered fiscal year (i.e., were forfeited), the amount equal to the fair value at the end of the prior fiscal year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ (483,558)