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v3.25.1

SEGMENTS (Tables) | 12 Months Ended
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Jan. 31, 2025
SEGMENTS |
Schedule of information regarding reportable segments | The following segment information, in thousands, is presented for the fiscal years ended: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 31, 2025
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
Net sales | ​ | $ | 3,083,749 | ​ | $ | 166,464 | ​ | $ | (69,417) | ​ | $ | 3,180,796
Cost of goods sold | ​ | ​ | 1,869,199 | ​ | ​ | 82,488 | ​ | ​ | (69,417) | ​ | ​ | 1,882,270
Gross profit | ​ | ​ | 1,214,550 | ​ | ​ | 83,976 | ​ | ​ | — | ​ | ​ | 1,298,526
Selling, general and administrative expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Compensation | ​ | ​ | 374,896 | ​ | ​ | 31,606 | ​ | ​ | — | ​ | ​ | 406,502
Facility fees | ​ | ​ | 206,387 | ​ | ​ | 32,830 | ​ | ​ | — | ​ | ​ | 239,217
Advertising | ​ | ​ | 132,381 | ​ | ​ | 14,424 | ​ | ​ | — | ​ | ​ | 146,805
Other segment items(2) | ​ | ​ | 162,675 | ​ | ​ | 14,613 | ​ | ​ | — | ​ | ​ | 177,288
Total selling, general and administrative expenses | ​ | ​ | 876,339 | ​ | ​ | 93,473 | ​ | ​ | — | ​ | ​ | 969,812
Depreciation and amortization | ​ | ​ | 22,951 | ​ | ​ | 4,493 | ​ | ​ | — | ​ | ​ | 27,444
Asset impairments | ​ | ​ | 8,195 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 8,195
Operating profit (loss) | ​ | $ | 307,065 | ​ | $ | (13,990) | ​ | $ | — | ​ | $ | 293,075
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 31, 2024
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
Net sales | ​ | $ | 3,009,614 | ​ | $ | 148,428 | ​ | $ | (59,800) | ​ | $ | 3,098,242
Cost of goods sold | ​ | ​ | 1,839,183 | ​ | ​ | 77,012 | ​ | ​ | (59,800) | ​ | ​ | 1,856,395
Gross profit | ​ | ​ | 1,170,431 | ​ | ​ | 71,416 | ​ | ​ | — | ​ | ​ | 1,241,847
Selling, general and administrative expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Compensation | ​ | ​ | 353,380 | ​ | ​ | 35,364 | ​ | ​ | — | ​ | ​ | 388,744
Facility fees | ​ | ​ | 207,055 | ​ | ​ | 35,943 | ​ | ​ | — | ​ | ​ | 242,998
Advertising | ​ | ​ | 111,109 | ​ | ​ | 11,456 | ​ | ​ | — | ​ | ​ | 122,565
Other segment items(2) | ​ | ​ | 155,377 | ​ | ​ | 14,539 | ​ | ​ | — | ​ | ​ | 169,916
Total selling, general and administrative expenses | ​ | ​ | 826,921 | ​ | ​ | 97,302 | ​ | ​ | — | ​ | ​ | 924,223
Depreciation and amortization | ​ | ​ | 22,505 | ​ | ​ | 5,018 | ​ | ​ | — | ​ | ​ | 27,523
Asset impairments | ​ | ​ | 7,140 | ​ | ​ | (382) | ​ | ​ | — | ​ | ​ | 6,758
Operating profit (loss) | ​ | $ | 313,865 | ​ | $ | (30,522) | ​ | $ | — | ​ | $ | 283,343
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 31, 2023
​ |  | Wholesale |  | Retail |  | Elimination (1) |  | Total
Net sales | ​ | $ | 3,160,025 | ​ | $ | 137,231 | ​ | $ | (70,528) | ​ | $ | 3,226,728
Cost of goods sold | ​ | ​ | 2,127,318 | ​ | ​ | 68,801 | ​ | ​ | (70,528) | ​ | ​ | 2,125,591
Gross profit | ​ | ​ | 1,032,707 | ​ | ​ | 68,430 | ​ | ​ | — | ​ | ​ | 1,101,137
Selling, general and administrative expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Compensation | ​ | ​ | 284,454 | ​ | ​ | 35,146 | ​ | ​ | — | ​ | ​ | 319,600
Facility fees | ​ | ​ | 204,092 | ​ | ​ | 37,403 | ​ | ​ | — | ​ | ​ | 241,495
Advertising | ​ | ​ | 121,321 | ​ | ​ | 10,244 | ​ | ​ | — | ​ | ​ | 131,565
Other segment items(2) | ​ | ​ | 126,953 | ​ | ​ | 13,538 | ​ | ​ | — | ​ | ​ | 140,491
Total selling, general and administrative expenses | ​ | ​ | 736,820 | ​ | ​ | 96,331 | ​ | ​ | — | ​ | ​ | 833,151
Depreciation and amortization | ​ | ​ | 23,980 | ​ | ​ | 3,782 | ​ | ​ | — | ​ | ​ | 27,762
Asset impairments | ​ | ​ | 347,722 | ​ | ​ | 1,964 | ​ | ​ | — | ​ | ​ | 349,686
Operating profit (loss) | ​ | $ | (75,815) | ​ | $ | (33,647) | ​ | $ | — | ​ | $ | (109,462)
(1) | Represents intersegment sales to the Company’s retail operations segment.
(2) | Other segment items include design and product development costs, professional fees, office expenses, freight and packaging and other selling, general and administrative expenses.
Schedule of total net sales by licensed and proprietary product sales | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 31,
​ | ​ | 2025 | ​ | 2024 | ​ | 2023
​ | ​ | (In thousands)
Licensed brands | ​ | $ | 1,525,658 | ​ | $ | 1,653,259 | ​ | $ | 1,891,522
Proprietary brands | ​ | ​ | 1,558,091 | ​ | ​ | 1,356,355 | ​ | ​ | 1,268,503
Wholesale net sales(1) | ​ | $ | 3,083,749 | ​ | $ | 3,009,614 | ​ | $ | 3,160,025
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Licensed brands | ​ | $ | — | ​ | $ | — | ​ | $ | —
Proprietary brands | ​ | ​ | 166,464 | ​ | ​ | 148,428 | ​ | ​ | 137,231
Retail net sales | ​ | $ | 166,464 | ​ | $ | 148,428 | ​ | $ | 137,231
(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.
Schedule of total net sales for each reportable segments | The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 31, | ​ | January 31,
​ |  | 2025 |  | 2024
​ | ​ | (In thousands)
Wholesale | ​ | $ | 1,508,111 | ​ | $ | 1,562,203
Retail | ​ | ​ | 97,226 | ​ | ​ | 104,272
Corporate | ​ | ​ | 877,897 | ​ | ​ | 1,014,689
Total Assets | ​ | $ | 2,483,234 | ​ | $ | 2,681,164
Schedule of total net sales and long-lived assets by geographic region | The total net sales and long-lived assets by geographic region are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2025 | ​ | 2024 | ​ | 2023
​ | ​ | ​ | ​ | ​ | Long-Lived | ​ | ​ | ​ | ​ | Long-Lived | ​ | ​ | ​ | ​ | Long-Lived
Geographic Region |  | Net Sales |  | Assets |  | Net Sales |  | Assets |  | Net Sales |  | Assets
United States | ​ | $ | 2,461,443 | ​ | $ | 685,110 | ​ | $ | 2,400,191 | ​ | $ | 605,548 | ​ | $ | 2,609,710 | ​ | $ | 633,799
Non-United States | ​ | ​ | 719,353 | ​ | ​ | 462,770 | ​ | ​ | 698,051 | ​ | ​ | 415,298 | ​ | ​ | 617,018 | ​ | ​ | 426,106
​ | ​ | $ | 3,180,796 | ​ | $ | 1,147,880 | ​ | $ | 3,098,242 | ​ | $ | 1,020,846 | ​ | $ | 3,226,728 | ​ | $ | 1,059,905

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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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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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