XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.2
Segments
 9 Months Ended
Oct. 31, 2021
Segments [Abstract]  
SEGMENTS

Note 11 – Segments

​

The Company’s reportable segments are business units that offer products through different channels of distribution. The Company has two reportable segments: wholesale operations and retail operations. The wholesale operations segment includes sales of products under the Company’s owned, licensed and private label brands, as well as sales related to the Vilebrequin business. Wholesale revenues also include revenues from license agreements related to our owned trademarks including DKNY, Donna Karan, Vilebrequin, G.H. Bass and Andrew Marc. The retail operations segment consists primarily of direct sales to consumers through Company-operated stores, which, prior to the completion of the retail restructuring in fiscal 2021, consisted primarily of Wilsons Leather, G.H. Bass, DKNY and Karl Lagerfeld Paris stores, substantially all of which were operated as outlet stores. Sales through Company-owned channels, with the exception of Vilebrequin, are also included in the retail operations segment. As a result of the restructuring of the Company’s retail operations, the Company closed its Wilsons Leather, G.H. Bass and Calvin Klein Performance retail stores during fiscal

2021. After completion of the restructuring, the Company’s retail operations segment consists of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass, Andrew Marc and Wilsons Leather.

​

The following segment information is presented for the three-month periods indicated below:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended October 31, 2021

​

    

Wholesale

    

Retail

    

Elimination (1)

    

Total

​

​

(In thousands)

Net sales

​

$

1,013,440

​

$

26,164

​

$

(24,212)

​

$

1,015,392

Cost of goods sold

​

​

678,959

​

​

13,135

​

​

(24,212)

​

​

667,882

Gross profit

​

​

334,481

​

​

13,029

​

​

—

​

​

347,510

Selling, general and administrative expenses

​

​

162,357

​

​

20,003

​

​

—

​

​

182,360

Depreciation and amortization

​

​

6,089

​

​

935

​

​

—

​

​

7,024

Operating profit (loss)

​

$

166,035

​

$

(7,909)

​

$

—

​

$

158,126

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended October 31, 2020

​

    

Wholesale

    

Retail

    

Elimination (1)

    

Total

​

​

(In thousands)

Net sales

​

$

783,030

​

$

57,982

​

$

(14,451)

​

$

826,561

Cost of goods sold

​

​

504,919

​

​

38,338

​

​

(14,451)

​

​

528,806

Gross profit

​

​

278,111

​

​

19,644

​

​

—

​

​

297,755

Selling, general and administrative expenses

​

​

134,050

​

​

43,575

​

​

—

​

​

177,625

Depreciation and amortization

​

​

8,472

​

​

1,715

​

​

—

​

​

10,187

Gain on lease modifications

​

​

(102)

​

​

(15)

​

​

—

​

​

(117)

Operating profit (loss)

​

$

135,691

​

$

(25,631)

​

$

—

​

$

110,060

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended October 31, 2021

​

    

Wholesale

    

Retail

    

Elimination (1)

    

Total

​

​

(In thousands)

Net sales

​

$

1,991,967

​

$

72,869

​

$

(46,453)

​

$

2,018,383

Cost of goods sold

​

​

1,293,086

​

​

35,893

​

​

(46,453)

​

​

1,282,526

Gross profit

​

​

698,881

​

​

36,976

​

​

—

​

​

735,857

Selling, general and administrative expenses

​

​

416,982

​

​

53,821

​

​

—

​

​

470,803

Depreciation and amortization

​

​

18,388

​

​

2,778

​

​

—

​

​

21,166

Operating profit (loss)

​

$

263,511

​

$

(19,623)

​

$

—

​

$

243,888

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended October 31, 2020

​

    

Wholesale

    

Retail

    

Elimination (1)

    

Total

​

​

(In thousands)

Net sales

​

$

1,428,711

​

$

126,397

​

$

(26,204)

​

$

1,528,904

Cost of goods sold

​

​

914,900

​

​

83,359

​

​

(26,204)

​

​

972,055

Gross profit

​

​

513,811

​

​

43,038

​

​

—

​

​

556,849

Selling, general and administrative expenses

​

​

323,377

​

​

130,970

​

​

—

​

​

454,347

Depreciation and amortization

​

​

25,155

​

​

4,590

​

​

—

​

​

29,745

Gain on lease modifications

​

​

505

​

​

16,867

​

​

—

​

​

17,372

Operating profit (loss)

​

$

164,774

​

$

(109,389)

​

$

—

​

$

55,385

​

(1)Represents intersegment sales to the Company’s retail operations segment.