XML 55 R39.htm IDEA: XBRL DOCUMENT

SEGMENTS (Tables)

12 Months Ended

Jan. 31, 2025

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