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SEGMENTS | 9 Months Ended
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Oct. 31, 2023
SEGMENTS [Abstract] |
SEGMENTS | NOTE 10 – 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 to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses, including from retail stores operated by Vilebrequin and Karl Lagerfeld, other than sales of product under the Karl Lagerfeld Paris brand generated by the Company’s retail stores and digital outlets. Wholesale revenues also include revenues from license agreements related to the DKNY, Donna Karan, Karl Lagerfeld, Vilebrequin, G.H. Bass, Andrew Marc and Sonia Rykiel trademarks owned by the Company. The retail operations segment consists primarily of direct sales to consumers through Company-operated stores, which consists primarily of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass and Wilsons Leather. Substantially all DKNY and Karl Lagerfeld Paris stores are operated as outlet stores. ​ 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. 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 The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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