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Segment Reporting (Tables)

12 Months Ended

Jan. 31, 2025

Segment Reporting [Abstract]

Schedule of Operations by Segment

A summary of the information about the Company’s operations by segment is as follows:


Fiscal Year Ended January 31, 2025:		Retail Operations				Subscription Operations				Wholesale Operations				Total Company
Net sales(1)		$	4,896,694			$	378,394			$	275,578			$	5,550,666
Cost of sales (excluding store impairment and lease abandonment charges)(2)			3,152,805				280,666				185,924				3,619,395
Store impairment and lease abandonment charges			4,601				—				—				4,601
Segment gross profit			1,739,288				97,728				89,654				1,926,670
Segment selling, general and administrative expenses			1,264,058				84,425				34,705				1,383,188
Segment income from operations		$	475,230			$	13,303			$	54,949			$	543,482
Less general corporate expenses(3)															69,718
Income from operations														$	473,764
Interest income															37,064
Interest expense															(6,069	)
Other expense															(4,587	)
Income before income taxes														$	500,172


Fiscal Year Ended January 31, 2024:
Net sales(1)		$	4,678,698			$	235,859			$	238,680			$	5,153,237
Cost of sales (excluding store impairment and lease abandonment charges)(2)			3,061,487				187,891				176,579				3,425,957
Store impairment and lease abandonment charges			11,875				—				—				11,875
Segment gross profit			1,605,336				47,968				62,101				1,715,405
Segment selling, general and administrative expenses			1,183,324				58,648				30,704				1,272,676
Asset impairment			—				6,404				—				6,404
Segment income (loss) from operations		$	422,012			$	(17,084	)		$	31,397			$	436,325
Less general corporate expenses(3)															66,530
Income from operations														$	369,795
Interest income															23,631
Interest expense															(7,662	)
Other expense															(4,157	)
Income before income taxes														$	381,607

Fiscal Year Ended January 31, 2023:
Net sales(1)		$	4,415,358			$	129,637			$	250,249			$	4,795,244
Cost of sales (excluding store impairment)(2)			3,065,053				101,259				195,299				3,361,611
Store impairment			6,417				—				—				6,417
Segment gross profit			1,343,888				28,378				54,950				1,427,216
Segment selling, general and administrative expenses			1,068,519				42,309				27,818				1,138,646
Segment income (loss) from operations		$	275,369			$	(13,931	)		$	27,132			$	288,570
Less general corporate expenses(3)															61,947
Income from operations														$	226,623
Interest income															2,041
Interest expense															(1,315	)
Other expense															(6,070	)
Income before income taxes														$	221,279

(1)

Eliminated from Wholesale segment net sales were intercompany sales of $11,463, $15,934 and $18,303 for fiscal 2025, 2024 and 2023, respectively.

(2)

Eliminated from Wholesale segment cost of sales were intercompany charges of $11,589, $15,612 and $19,642 for fiscal 2025, 2024 and 2023, respectively.

(3)

General corporate expenses include expenses incurred and directed by the home office that are not allocated to segments.


		Fiscal Year
		2025				2024				2023
Depreciation expense for property and equipment
Retail operations		$	110,095			$	99,780			$	91,879
Subscription operations			12,754				6,716				5,402
Wholesale operations			348				329				546
Total depreciation expense for property and equipment		$	123,197			$	106,825			$	97,827
Inventory
Retail operations		$	556,522			$	505,271
Wholesale operations			64,624				44,971
Total inventory		$	621,146			$	550,242
Rental product, net (1)
Subscription operations		$	216,126			$	163,119

(1)

Rental product, net is included in "Other assets" in the Consolidated Balance Sheets.


Property and equipment, net
Retail operations		$	1,197,157			$	1,182,084
Subscription operations			130,715				102,102
Wholesale operations			3,205				2,355
Total property and equipment, net		$	1,331,077			$	1,286,541
Cash paid for property and equipment
Retail operations		$	139,902			$	131,254			$	176,110
Subscription operations			40,925				66,964				23,327
Wholesale operations			1,754				1,407				76
Total cash paid for property and equipment		$	182,581			$	199,625			$	199,513

Schedule of Net Sales and Percentage of Net Sales by Merchandise Category

The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category:


		Fiscal Year
		2025								2024								2023
Net sales
Apparel		$	3,239,947				66	%		$	3,079,496				66	%		$	2,808,638				63	%
Home			762,129				16	%			763,713				16	%			830,199				19	%
Accessories			662,107				13	%			603,495				13	%			559,524				13	%
Other			232,511				5	%			231,994				5	%			216,997				5	%
Retail operations			4,896,694				100	%			4,678,698				100	%			4,415,358				100	%

Subscription operations			378,394								235,859								129,637

Apparel			259,302				94	%			219,231				92	%			229,282				92	%
Accessories			14,727				5	%			17,671				7	%			20,238				8	%
Other			1,549				1	%			1,778				1	%			729				0	%
Wholesale operations			275,578				100	%			238,680				100	%			250,249				100	%
Total net sales		$	5,550,666							$	5,153,237							$	4,795,244

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment

The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows:


		Fiscal Year
		2025				2024				2023
Net Sales
Domestic operations		$	4,866,286			$	4,506,805			$	4,158,753
Foreign operations			684,380				646,432				636,491
Total net sales		$	5,550,666			$	5,153,237			$	4,795,244
Property and equipment, net
Domestic operations		$	1,188,769			$	1,130,332
Foreign operations			142,308				156,209
Total property and equipment, net		$	1,331,077			$	1,286,541