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Revenue recognition (Tables) | 3 Months Ended
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May 04, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table provides the Company’s total sales, disaggregated by banner, for the 13 weeks ended May 4, 2024 and April 29, 2023:
| 13 weeks ended May 4, 2024 |  | 13 weeks ended April 29, 2023
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by banner: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kay | $ | 567.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 567.5 |  |  | $ | 602.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 602.2 |
Zales | 256.7 |  |  | — |  |  | — |  |  | 256.7 |  |  | 295.4 |  |  | — |  |  | — |  |  | 295.4 |
Jared | 249.5 |  |  | — |  |  | — |  |  | 249.5 |  |  | 274.0 |  |  | — |  |  | — |  |  | 274.0 |
Digital banners (1) | 133.7 |  |  | — |  |  | — |  |  | 133.7 |  |  | 168.2 |  |  |  |  |  |  | 168.2 |
Diamonds Direct | 82.6 |  |  | — |  |  | — |  |  | 82.6 |  |  | 88.2 |  |  | — |  |  | — |  |  | 88.2 |
Banter by Piercing Pagoda | 83.6 |  |  | — |  |  | — |  |  | 83.6 |  |  | 85.5 |  |  | — |  |  | — |  |  | 85.5 |
Peoples | 39.2 |  |  | — |  |  | — |  |  | 39.2 |  |  | 38.2 |  |  | — |  |  | — |  |  | 38.2 |
International segment banners | — |  |  | 77.2 |  |  | — |  |  | 77.2 |  |  | — |  |  | 93.0 |  |  | — |  |  | 93.0 |
Other (2) | 7.2 |  |  | — |  |  | 13.6 |  |  | 20.8 |  |  | 9.5 |  |  | — |  |  | 13.8 |  |  | 23.3 |
Total sales | $ | 1,420.0 |  |  | $ | 77.2 |  |  | $ | 13.6 |  |  | $ | 1,510.8 |  |  | $ | 1,561.2 |  |  | $ | 93.0 |  |  | $ | 13.8 |  |  | $ | 1,668.0 |
(1) Includes sales from the Company’s digital banners, James Allen and Blue Nile. (2) Other primarily includes sales from the Company’s diamond sourcing operation, loose diamonds and Rocksbox. The following table provides the Company’s total sales, disaggregated by major product, for the 13 weeks ended May 4, 2024 and April 29, 2023:
| 13 weeks ended May 4, 2024 |  | 13 weeks ended April 29, 2023
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by product: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bridal | $ | 639.3 |  |  | $ | 35.3 |  |  | $ | — |  |  | $ | 674.6 |  |  | $ | 727.7 |  |  | $ | 41.0 |  |  | $ | — |  |  | $ | 768.7 |
Fashion | 536.8 |  |  | 15.2 |  |  | — |  |  | 552.0 |  |  | 571.4 |  |  | 15.6 |  |  | — |  |  | 587.0 |
Watches | 42.7 |  |  | 20.8 |  |  | — |  |  | 63.5 |  |  | 44.8 |  |  | 30.1 |  |  | — |  |  | 74.9 |
Services (1) | 178.6 |  |  | 5.9 |  |  | — |  |  | 184.5 |  |  | 175.8 |  |  | 6.3 |  |  | — |  |  | 182.1 |
Other (2) | 22.6 |  |  | — |  |  | 13.6 |  |  | 36.2 |  |  | 41.5 |  |  | — |  |  | 13.8 |  |  | 55.3 |
Total sales | $ | 1,420.0 |  |  | $ | 77.2 |  |  | $ | 13.6 |  |  | $ | 1,510.8 |  |  | $ | 1,561.2 |  |  | $ | 93.0 |  |  | $ | 13.8 |  |  | $ | 1,668.0 |
(1) Services primarily includes sales from service plans, repairs and subscriptions. (2) Other primarily includes sales from the Company’s diamond sourcing operation and other miscellaneous non-jewelry sales. The following table provides the Company’s total sales, disaggregated by channel, for the 13 weeks ended May 4, 2024 and April 29, 2023:
| 13 weeks ended May 4, 2024 |  | 13 weeks ended April 29, 2023
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Store | $ | 1,094.3 |  |  | $ | 60.8 |  |  | $ | — |  |  | $ | 1,155.1 |  |  | $ | 1,191.0 |  |  | $ | 76.8 |  |  | $ | — |  |  | $ | 1,267.8 |
eCommerce | 321.5 |  |  | 16.4 |  |  | — |  |  | 337.9 |  |  | 364.4 |  |  | 16.2 |  |  | — |  |  | 380.6 |
Other (1) | 4.2 |  |  | — |  |  | 13.6 |  |  | 17.8 |  |  | 5.8 |  |  | — |  |  | 13.8 |  |  | 19.6 |
Total sales | $ | 1,420.0 |  |  | $ | 77.2 |  |  | $ | 13.6 |  |  | $ | 1,510.8 |  |  | $ | 1,561.2 |  |  | $ | 93.0 |  |  | $ | 13.8 |  |  | $ | 1,668.0 |
(1) Other primarily includes sales from the Company’s diamond sourcing operation and loose diamonds.
Unamortized deferred selling costs | Unamortized deferred ESP selling costs as of May 4, 2024, February 3, 2024 and April 29, 2023 were as follows:
(in millions) | May 4, 2024 |  | February 3, 2024 |  | April 29, 2023
Other current assets | $ | 27.8 |  |  | $ | 28.2 |  |  | $ | 28.4 |
Other assets | 82.2 |  |  | 83.0 |  |  | 84.1 |
Total deferred ESP selling costs | $ | 110.0 |  |  | $ | 111.2 |  |  | $ | 112.5 |
Schedule of Deferred Revenue | Deferred revenue as of May 4, 2024, February 3, 2024 and April 29, 2023 was as follows:
(in millions) | May 4, 2024 |  | February 3, 2024 |  | April 29, 2023
ESP deferred revenue | $ | 1,153.7 |  |  | $ | 1,158.7 |  |  | $ | 1,149.4 |
Other deferred revenue (1) | 85.8 |  |  | 86.0 |  |  | 94.2 |
Total deferred revenue | $ | 1,239.5 |  |  | $ | 1,244.7 |  |  | $ | 1,243.6 |
Disclosed as: |  |  |  |  |
Current liabilities | $ | 360.6 |  |  | $ | 362.9 |  |  | $ | 368.7 |
Non-current liabilities | 878.9 |  |  | 881.8 |  |  | 874.9 |
Total deferred revenue | $ | 1,239.5 |  |  | $ | 1,244.7 |  |  | $ | 1,243.6 |
(1) Other deferred revenue primarily includes revenue collected from customers for custom orders and eCommerce orders, for which control has not yet transferred to the customer.
| 13 weeks ended |  |
(in millions) | May 4, 2024 |  | April 29, 2023 |  |  |  |
ESP deferred revenue, beginning of period | $ | 1,158.7 |  |  | $ | 1,159.5 |  |  |  |  |
Plans sold (1) | 121.9 |  |  | 113.4 |  |  |  |  |
Revenue recognized (2) | (126.9) |  |  | (123.5) |  |  |  |  |
ESP deferred revenue, end of period | $ | 1,153.7 |  |  | $ | 1,149.4 |  |  |  |  |
(1) Includes impact of foreign exchange translation. (2) The Company recognized sale s o f $85.2 million and $86.7 million during the 13 weeks ended May 4, 2024 and April 29, 2023, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP.

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