SEGMENTS (Tables)

9 Months Ended

Oct. 31, 2025

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, 2025
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	977,308		$	45,666		$	(34,325)		$	988,649
Cost of goods sold			618,984			22,457			(34,325)			607,116
Gross profit			358,324			23,209			—			381,533
Selling, general and administrative expenses:
Compensation			91,751			7,156			—			98,907
Facility fees			57,828			8,064			—			65,892
Advertising			37,818			5,165			—			42,983
Other segment items⁽²⁾			48,634			4,013			—			52,647
Total selling, general and administrative expenses			236,031			24,398			—			260,429
Depreciation and amortization			6,311			885			—			7,196
Asset impairments			1,607			—			—			1,607
Operating profit (loss)		$	114,375		$	(2,074)		$	—		$	112,301


		Three Months Ended October 31, 2024
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	1,066,635		$	42,333		$	(22,209)		$	1,086,759
Cost of goods sold			656,659			20,178			(22,209)			654,628
Gross profit			409,976			22,155			—			432,131
Selling, general and administrative expenses:
Compensation			94,297			7,588			—			101,885
Facility fees			62,056			8,416			—			70,472
Advertising			39,043			3,435			—			42,478
Other segment items⁽²⁾			40,232			4,173			—			44,405
Total selling, general and administrative expenses			235,628			23,612			—			259,240
Depreciation and amortization			5,674			882			—			6,556
Operating profit (loss)		$	168,674		$	(2,339)		$	—		$	166,335


		Nine Months Ended October 31, 2025
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	2,128,979		$	123,101		$	(66,556)		$	2,185,524
Cost of goods sold			1,314,595			58,937			(66,556)			1,306,976
Gross profit			814,384			64,164			—			878,548
Selling, general and administrative expenses:
Compensation			283,447			21,448			—			304,895
Facility fees			153,740			23,980			—			177,720
Advertising			87,028			11,691			—			98,719
Other segment items⁽²⁾			127,436			9,999			—			137,435
Total selling, general and administrative expenses			651,651			67,118			—			718,769
Depreciation and amortization			18,474			2,621			—			21,095
Asset impairments			1,607			—			—			1,607
Operating profit (loss)		$	142,652		$	(5,575)		$	—		$	137,077


		Nine Months Ended October 31, 2024
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	2,284,710		$	110,060		$	(53,509)		$	2,341,261
Cost of goods sold			1,374,544			53,328			(53,509)			1,374,363
Gross profit			910,166			56,732			—			966,898
Selling, general and administrative expenses:
Compensation			296,356			22,854			—			319,210
Facility fees			154,788			24,835			—			179,623
Advertising			95,533			7,910			—			103,443
Other segment items⁽²⁾			111,968			10,647			—			122,615
Total selling, general and administrative expenses			658,645			66,246			—			724,891
Depreciation and amortization			17,113			3,591			—			20,704
Operating profit (loss)		$	234,408		$	(13,105)		$	—		$	221,303

(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

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, 2025			October 31, 2024			October 31, 2025			October 31, 2024

		(In thousands)
Licensed brands		$	479,241		$	560,780		$	924,414		$	1,109,630
Proprietary brands			498,067			505,855			1,204,565			1,175,080
Wholesale net sales		$	977,308		$	1,066,635		$	2,128,979		$	2,284,710

Proprietary brands		$	45,666		$	42,333		$	123,101		$	110,060
Retail net sales		$	45,666		$	42,333		$	123,101		$	110,060

Schedule of total net sales and long-lived assets by geographic region

The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows:


		October 31, 2025			October 31, 2024			January 31, 2025

		(In thousands)
Wholesale		$	1,617,970		$	1,611,042		$	1,508,111
Retail			94,437			115,505			97,226
Corporate			1,046,306			1,057,064			877,897
Total assets		$	2,758,713		$	2,783,611		$	2,483,234