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SEGMENTS (Tables) | 9 Months Ended
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Oct. 31, 2023
SEGMENTS [Abstract] |
Schedule of information regarding reportable segments | The following segment information is presented for the three and nine month periods indicated below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended October 31, 2023
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 1,054,303 | ​ | $ | 32,711 | ​ | $ | (19,904) | ​ | $ | 1,067,110
Cost of goods sold | ​ | ​ | 636,961 | ​ | ​ | 16,640 | ​ | ​ | (19,904) | ​ | ​ | 633,697
Gross profit | ​ | ​ | 417,342 | ​ | ​ | 16,071 | ​ | ​ | — | ​ | ​ | 433,413
Selling, general and administrative expenses | ​ | ​ | 213,263 | ​ | ​ | 23,045 | ​ | ​ | — | ​ | ​ | 236,308
Depreciation and amortization | ​ | ​ | 5,475 | ​ | ​ | 1,120 | ​ | ​ | — | ​ | ​ | 6,595
Asset impairments and gain on lease terminations | ​ | ​ | 222 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 222
Operating profit (loss) | ​ | $ | 198,382 | ​ | $ | (8,094) | ​ | $ | — | ​ | $ | 190,288
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended October 31, 2022
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 1,069,574 | ​ | $ | 28,762 | ​ | $ | (20,037) | ​ | $ | 1,078,299
Cost of goods sold | ​ | ​ | 740,734 | ​ | ​ | 12,975 | ​ | ​ | (20,037) | ​ | ​ | 733,672
Gross profit | ​ | ​ | 328,840 | ​ | ​ | 15,787 | ​ | ​ | — | ​ | ​ | 344,627
Selling, general and administrative expenses | ​ | ​ | 216,916 | ​ | ​ | 22,977 | ​ | ​ | — | ​ | ​ | 239,893
Depreciation and amortization | ​ | ​ | 6,224 | ​ | ​ | 1,046 | ​ | ​ | — | ​ | ​ | 7,270
Asset impairment, net of gain on lease terminations | ​ | ​ | 250 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 250
Operating profit (loss) | ​ | $ | 105,450 | ​ | $ | (8,236) | ​ | $ | — | ​ | $ | 97,214
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended October 31, 2023
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 2,280,391 | ​ | $ | 97,268 | ​ | $ | (44,199) | ​ | $ | 2,333,460
Cost of goods sold | ​ | ​ | 1,369,315 | ​ | ​ | 48,478 | ​ | ​ | (44,199) | ​ | ​ | 1,373,594
Gross profit | ​ | ​ | 911,076 | ​ | ​ | 48,790 | ​ | ​ | — | ​ | ​ | 959,866
Selling, general and administrative expenses | ​ | ​ | 633,841 | ​ | ​ | 69,635 | ​ | ​ | — | ​ | ​ | 703,476
Depreciation and amortization | ​ | ​ | 16,247 | ​ | ​ | 2,883 | ​ | ​ | — | ​ | ​ | 19,130
Asset impairment, net of gain on lease terminations | ​ | ​ | 222 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 222
Operating profit (loss) | ​ | $ | 260,766 | ​ | $ | (23,728) | ​ | $ | — | ​ | $ | 237,038
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended October 31, 2022
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 2,338,435 | ​ | $ | 87,758 | ​ | $ | (53,893) | ​ | $ | 2,372,300
Cost of goods sold | ​ | ​ | 1,564,595 | ​ | ​ | 42,006 | ​ | ​ | (53,893) | ​ | ​ | 1,552,708
Gross profit | ​ | ​ | 773,840 | ​ | ​ | 45,752 | ​ | ​ | — | ​ | ​ | 819,592
Selling, general and administrative expenses | ​ | ​ | 548,411 | ​ | ​ | 67,940 | ​ | ​ | — | ​ | ​ | 616,351
Depreciation and amortization | ​ | ​ | 17,304 | ​ | ​ | 2,717 | ​ | ​ | — | ​ | ​ | 20,021
Asset impairment, net of gain on lease terminations | ​ | ​ | 250 | ​ | ​ | (38) | ​ | ​ | — | ​ | ​ | 212
Operating profit (loss) | ​ | $ | 207,875 | ​ | $ | (24,867) | ​ | $ | — | ​ | $ | 183,008
(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 | ​ | Nine Months Ended
​ |  | October 31, 2023 |  | October 31, 2022 |  | October 31, 2023 |  | October 31, 2022
​ | ​ | (In thousands)
Licensed brands | ​ | $ | 625,231 | ​ | $ | 669,408 | ​ | $ | 1,261,894 | ​ | $ | 1,403,142
Proprietary brands | ​ | ​ | 429,072 | ​ | ​ | 400,166 | ​ | ​ | 1,018,497 | ​ | ​ | 935,293
Wholesale net sales(1) | ​ | $ | 1,054,303 | ​ | $ | 1,069,574 | ​ | $ | 2,280,391 | ​ | $ | 2,338,435
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licensed brands | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Proprietary brands | ​ | ​ | 32,711 | ​ | ​ | 28,762 | ​ | ​ | 97,268 | ​ | ​ | 87,758
Retail net sales | ​ | $ | 32,711 | ​ | $ | 28,762 | ​ | $ | 97,268 | ​ | $ | 87,758
​
(1) | As of May 31, 2022, the Company acquired the remaining interests in KLH (Karl Lagerfeld branded product) that it did not already own. 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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