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SEGMENTS (Tables) | 6 Months Ended
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Jul. 31, 2023
SEGMENTS [Abstract] |
Schedule of information regarding reportable segments | The following segment information is presented for the three and six month periods indicated below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended July 31, 2023
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 639,184 | ​ | $ | 34,341 | ​ | $ | (13,764) | ​ | $ | 659,761
Cost of goods sold | ​ | ​ | 379,884 | ​ | ​ | 16,988 | ​ | ​ | (13,764) | ​ | ​ | 383,108
Gross profit | ​ | ​ | 259,300 | ​ | ​ | 17,353 | ​ | ​ | — | ​ | ​ | 276,653
Selling, general and administrative expenses | ​ | ​ | 216,489 | ​ | ​ | 22,718 | ​ | ​ | — | ​ | ​ | 239,207
Depreciation and amortization | ​ | ​ | 5,027 | ​ | ​ | 932 | ​ | ​ | — | ​ | ​ | 5,959
Operating profit (loss) | ​ | $ | 37,784 | ​ | $ | (6,297) | ​ | $ | — | ​ | $ | 31,487
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended July 31, 2022
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 587,955 | ​ | $ | 31,112 | ​ | $ | (13,823) | ​ | $ | 605,244
Cost of goods sold | ​ | ​ | 375,090 | ​ | ​ | 15,051 | ​ | ​ | (13,823) | ​ | ​ | 376,318
Gross profit | ​ | ​ | 212,865 | ​ | ​ | 16,061 | ​ | ​ | — | ​ | ​ | 228,926
Selling, general and administrative expenses | ​ | ​ | 169,677 | ​ | ​ | 21,335 | ​ | ​ | — | ​ | ​ | 191,012
Depreciation and amortization | ​ | ​ | 5,666 | ​ | ​ | 990 | ​ | ​ | — | ​ | ​ | 6,656
Operating profit (loss) | ​ | $ | 37,522 | ​ | $ | (6,264) | ​ | $ | — | ​ | $ | 31,258
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended July 31, 2023
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 1,226,086 | ​ | $ | 64,558 | ​ | $ | (24,294) | ​ | $ | 1,266,350
Cost of goods sold | ​ | ​ | 732,354 | ​ | ​ | 31,837 | ​ | ​ | (24,294) | ​ | ​ | 739,897
Gross profit | ​ | ​ | 493,732 | ​ | ​ | 32,721 | ​ | ​ | — | ​ | ​ | 526,453
Selling, general and administrative expenses | ​ | ​ | 420,578 | ​ | ​ | 46,590 | ​ | ​ | — | ​ | ​ | 467,168
Depreciation and amortization | ​ | ​ | 10,772 | ​ | ​ | 1,763 | ​ | ​ | — | ​ | ​ | 12,535
Operating profit (loss) | ​ | $ | 62,382 | ​ | $ | (15,632) | ​ | $ | — | ​ | $ | 46,750
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended July 31, 2022
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 1,268,859 | ​ | $ | 58,997 | ​ | $ | (33,855) | ​ | $ | 1,294,001
Cost of goods sold | ​ | ​ | 823,860 | ​ | ​ | 29,031 | ​ | ​ | (33,855) | ​ | ​ | 819,036
Gross profit | ​ | ​ | 444,999 | ​ | ​ | 29,966 | ​ | ​ | — | ​ | ​ | 474,965
Selling, general and administrative expenses | ​ | ​ | 331,495 | ​ | ​ | 44,925 | ​ | ​ | — | ​ | ​ | 376,420
Depreciation and amortization | ​ | ​ | 11,080 | ​ | ​ | 1,671 | ​ | ​ | — | ​ | ​ | 12,751
Operating profit (loss) | ​ | $ | 102,424 | ​ | $ | (16,630) | ​ | $ | — | ​ | $ | 85,794
(1)Represents intersegment sales to the Company’s retail operations segment. ​ ​
Schedule of total net sales for each reportable segments | The total net sales by licensed and proprietary product sales for each of the Company’s reportable segments are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ |  | July 31, 2023 |  | July 31, 2022 |  | July 31, 2023 |  | July 31, 2022
​ | ​ | (In thousands)
Licensed brands | ​ | $ | 338,656 | ​ | $ | 317,081 | ​ | $ | 636,661 | ​ | $ | 733,732
Proprietary brands | ​ | ​ | 300,528 | ​ | ​ | 270,874 | ​ | ​ | 589,425 | ​ | ​ | 535,127
Wholesale net sales(1) | ​ | $ | 639,184 | ​ | $ | 587,955 | ​ | $ | 1,226,086 | ​ | $ | 1,268,859
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licensed brands | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Proprietary brands | ​ | ​ | 34,341 | ​ | ​ | 31,112 | ​ | ​ | 64,558 | ​ | ​ | 58,997
Retail net sales | ​ | $ | 34,341 | ​ | $ | 31,112 | ​ | $ | 64,558 | ​ | $ | 58,997
​
(1) | The Company acquired the remaining interests in KLH (the Karl Lagerfeld branded product) that it did not already own as of May 31, 2022. Net sales of Karl Lagerfeld product were included in licensed brands net sales of the wholesale operations segment through May 31, 2022. Subsequent to May 31, 2022, net sales of Karl Lagerfeld product are included in proprietary brands net sales of the wholesale operations segment.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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