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Segment Information (Tables)

12 Months Ended

Feb. 01, 2025

Segment Reporting [Abstract]

Schedule of Summarized Segment Information

Segment information is summarized as follows (in thousands):

			Year Ended Feb 1, 2025
			Europe						Americas Retail						Americas Wholesale						Asia						Licensing																		Total
Product sales1			$	1,529,380					$	753,052					$	325,998					$	262,465					$	—																	$	2,870,895
Net royalties			—						—						—						—						124,378																		124,378
Net revenue			1,529,380						753,052						325,998						262,465						124,378																		2,995,273
Less2:
Cost of sales3			636,053						286,913						201,488						113,475						—																		1,237,929
Store occupancy expense			179,267						153,206						—						52,109						—																		384,582
Advertising expense4			33,182						23,530						2,882						5,257						5,899																		70,750
Selling and merchandise expense			152,475						35,704						13,550						27,909						—																		229,638
Store selling expense			152,710						152,891						—						27,411						—																		333,012
General and administrative expense			106,746						50,565						26,600						18,563						520																		202,994
Distribution expense			71,861						7,283						11,264						5,590						—																		95,998
Other segment items5			51,521						35,525						4,415						10,007						2,303																		103,771
Total segment earnings from operations			145,565						7,435						65,799						2,144						115,656																		336,599
Reconciliation of segment earnings:
Separation charges6																																													(7,075)
Asset impairment charges																																													(6,624)
Net gains on lease modifications																																													718
Gain on sale of assets																																													13,781
Interest expense																																													(30,067)
Interest income																																													12,038
Loss on extinguishment of debt																																													(1,952)
Other expense, net																																													(73,359)
Unallocated corporate overhead expense4																																													(163,586)
Earnings before income tax expense																																													$	80,473

			Year Ended Feb 3, 2024
			Europe						Americas Retail						Americas Wholesale						Asia						Licensing																		Total
Product sales1			$	1,475,604					$	710,908					$	199,903					$	276,867					$	—																	$	2,663,282
Net royalties			—						—						—						—						113,248																		113,248
Net revenue			1,475,604						710,908						199,903						276,867						113,248																		2,776,530
Less2:
Cost of sales3			625,032						273,096						115,602						118,656						—																		1,132,386
Store occupancy expense			169,841						127,693						—						53,857						—																		351,391
Advertising expense4			19,455						8,615						987						7,088						5,416																		41,561
Selling and merchandise expense			139,162						25,189						8,263						24,251						—																		196,865
Store selling expense			137,024						142,416						—						31,158						—																		310,598
General and administrative expense			97,473						38,605						13,615						18,816						—																		168,509
Distribution expense			65,801						7,625						5,402						4,964						—																		83,792
Other segment items5			50,090						30,840						1,631						10,180						2,183																		94,924
Total segment earnings from operations			171,726						56,829						54,403						7,897						105,649																		396,504
Reconciliation of segment earnings:
Asset impairment charges																																													(6,887)
Net gains on lease modifications																																													1,662
Interest expense																																													(21,816)
Interest income																																													12,100
Loss on extinguishment of debt																																													(12,351)
Other expense, net																																													(5,075)
Unallocated corporate overhead expense4																																													(128,002)
Earnings before income tax expense																																													$	236,135

			Year Ended Jan 28, 2023
			Europe						Americas Retail						Americas Wholesale						Asia						Licensing												Total
Product sales1			$	1,380,790					$	758,100					$	206,208					$	238,815					$	—											$	2,583,913
Net royalties			—						—						—						—						103,437												103,437
Net revenue			1,380,790						758,100						206,208						238,815						103,437												2,687,350
Less2:
Cost of sales3			608,527						289,875						134,238						102,880						—												1,135,520
Store occupancy expense			156,633						124,732						—						54,846						—												336,211
Advertising expense4			18,422						10,486						934						6,256						8,212												44,310
Selling and merchandise expense			127,966						24,505						6,094						19,146						—												177,711
Store selling expense			117,916						143,230						—						28,446						—												289,592
General and administrative expense			79,979						39,751						9,270						17,857						692												147,549
Distribution expense			65,329						8,494						7,646						4,742						—												86,211
Other segment items5			46,389						29,843						1,760						9,453						2,416												89,861
Total segment earnings (loss) from operations			159,629						87,184						46,266						(4,811)						92,117												380,385
Reconciliation of segment earnings (loss):
Asset impairment charges																																	(9,544)
Net gains on lease modifications																																	2,267
Interest expense																																	(13,190)
Interest income																																	2,885
Other expense, net																																	(39,822)
Unallocated corporate overhead expense4																																	(124,935)
Earnings before income tax expense																																	$	198,046

______________________________________________________________________

1All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.

2The significant expense categories and amounts align with the segment-level information that is regularly provided to the Company's CODM. All intercompany expenses are eliminated in consolidation and are not reviewed when evaluating segment performance.

3Cost of sales represents the cost of product sales excluding store occupancy expense, buying department expense, and retail occupancy distribution expense.

4In fiscal 2025, the Company incurred a total of $96.9 million in advertising expenses, with $70.8 million allocated within the Company's segments and $26.1 million included in unallocated corporate overhead expense. In fiscal 2024, the Company incurred a total of $49.9 million in advertising expenses, with $41.6 million allocated within the Company's segments and $8.3 million included in unallocated corporate overhead expense. In fiscal 2023, the Company incurred a total of $51.5 million in advertising expenses, with $44.3 million allocated within the Company's segments and $7.2 million included in unallocated corporate overhead expense.

5Other segment items for each reportable segment include: buying department expense, retail occupancy distribution expense, design expense, loss on equity method investment and stock compensation.

6Separation charges related to the transition of the operation of our U.S. distribution center, which was formerly owner-operated, to a third-party logistics provider.

Depreciation and amortization by segment are summarized as follows (in thousands):

			Year Ended
			Feb 1, 2025						Feb 3, 2024						Jan 28, 2023
Europe			$	34,511					$	34,670					$	32,023
Americas Retail			18,677						14,964						17,267
Americas Wholesale			3,705						1,004						1,211
Asia			4,383						4,365						4,529
Corporate overhead			6,918						6,346						6,437
Total depreciation and amortization			$	68,194					$	61,349					$	61,467

Capital expenditures by segment is summarized as follows (in thousands):

			Year Ended
			Feb 1, 2025						Feb 3, 2024						Jan 28, 2023
Europe			$	43,584					$	38,153					$	51,265
Americas Retail			23,600						20,429						23,149
Americas Wholesale			9,740						600						4,039
Asia			4,760						4,616						3,932
Corporate overhead			4,405						10,409						7,118
Total capital expenditures			$	86,089					$	74,207					$	89,503

Schedule of Net Revenue and Long-Lived Assets by Country

The below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Company’s customer is located (in thousands):

			Year Ended
			Feb 1, 2025						Feb 3, 2024						Jan 28, 2023
Net Product Sales:
U.S.			$	793,461					$	617,009					$	673,868
Italy			311,507						312,908						289,170
Germany			209,059						198,664						187,888
Spain			165,247						161,377						150,045
South Korea			153,406						171,819						140,449
Canada			137,072						158,521						175,485
Other foreign countries			1,101,143						1,042,984						967,008
Total product sales			2,870,895						2,663,282						2,583,913
Net royalties			124,378						113,248						103,437
Net revenue			$	2,995,273					$	2,776,530					$	2,687,350

The Company’s long-lived assets by geographic location are as follows (in thousands):

			Feb 1, 2025						Feb 3, 2024
U.S.			$	368,533					$	259,055
Italy			137,153						138,572
Germany			72,876						46,562
Spain			92,852						104,552
South Korea			11,093						14,998
Canada			29,730						28,606
Other foreign countries			433,761						380,452
Total long-lived assets			$	1,145,998					$	972,797

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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

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-Topic 220
-SubTopic 10
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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.

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