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SEGMENTS (Tables) | 6 Months Ended
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Jul. 31, 2024
SEGMENTS |
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, 2024
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 620,311 | ​ | $ | 37,198 | ​ | $ | (12,754) | ​ | $ | 644,755
Cost of goods sold | ​ | ​ | 364,658 | ​ | ​ | 16,977 | ​ | ​ | (12,754) | ​ | ​ | 368,881
Gross profit | ​ | ​ | 255,653 | ​ | ​ | 20,221 | ​ | ​ | — | ​ | ​ | 275,874
Selling, general and administrative expenses | ​ | ​ | 207,442 | ​ | ​ | 21,588 | ​ | ​ | — | ​ | ​ | 229,030
Depreciation and amortization | ​ | ​ | 4,424 | ​ | ​ | 956 | ​ | ​ | — | ​ | ​ | 5,380
Operating profit (loss) | ​ | $ | 43,787 | ​ | $ | (2,323) | ​ | $ | — | ​ | $ | 41,464
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended July 31, 2024
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
​ | ​ | (In thousands)
Net sales | ​ | $ | 1,218,075 | ​ | $ | 67,727 | ​ | $ | (31,300) | ​ | $ | 1,254,502
Cost of goods sold | ​ | ​ | 717,885 | ​ | ​ | 33,150 | ​ | ​ | (31,300) | ​ | ​ | 719,735
Gross profit | ​ | ​ | 500,190 | ​ | ​ | 34,577 | ​ | ​ | — | ​ | ​ | 534,767
Selling, general and administrative expenses | ​ | ​ | 423,017 | ​ | ​ | 42,634 | ​ | ​ | — | ​ | ​ | 465,651
Depreciation and amortization | ​ | ​ | 11,438 | ​ | ​ | 2,710 | ​ | ​ | — | ​ | ​ | 14,148
Operating profit (loss) | ​ | $ | 65,735 | ​ | $ | (10,767) | ​ | $ | — | ​ | $ | 54,968
​ ​ ​ ​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
​ (1)Represents intersegment sales to the Company’s retail operations segment.
Schedule of total net sales by licensed and proprietary product sales | 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, 2024 |  | July 31, 2023 |  | July 31, 2024 |  | July 31, 2023
​ | ​ | (In thousands)
Licensed brands | ​ | $ | 286,898 | ​ | $ | 338,656 | ​ | $ | 548,765 | ​ | $ | 636,661
Proprietary brands | ​ | ​ | 333,413 | ​ | ​ | 300,528 | ​ | ​ | 669,310 | ​ | ​ | 589,425
Wholesale net sales | ​ | $ | 620,311 | ​ | $ | 639,184 | ​ | $ | 1,218,075 | ​ | $ | 1,226,086
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licensed brands | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Proprietary brands | ​ | ​ | 37,198 | ​ | ​ | 34,341 | ​ | ​ | 67,727 | ​ | ​ | 64,558
Retail net sales | ​ | $ | 37,198 | ​ | $ | 34,341 | ​ | $ | 67,727 | ​ | $ | 64,558
​

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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 entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
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