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v3.25.1

Segment Reporting (Tables) | 12 Months Ended
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Jan. 31, 2025
Segment Reporting [Abstract] |
Summary of Net Revenue by Distribution Channel | Net revenue is presented by distribution channel in the following table:
(in thousands) |  | Fiscal 2024 |  | % of Net Revenue |  | Fiscal 2023 |  | % of Net Revenue |  | Fiscal 2022 |  | % of Net Revenue
U.S. eCommerce |  | $ | 842,751 |  | 61.8% |  | $ | 930,314 |  | 63.2% |  | $ | 955,752 |  | 61.4%
Outfitters |  |  | 228,161 |  | 16.7% |  |  | 269,943 |  | 18.3% |  |  | 265,898 |  | 17.1%
Third Party |  |  | 83,530 |  | 6.1% |  |  | 92,921 |  | 6.3% |  |  | 87,160 |  | 5.7%
Total U.S. Digital Segment revenue |  |  | 1,154,442 |  |  |  |  | 1,293,178 |  |  |  |  | 1,308,810 |  |
Europe eCommerce |  |  | 103,079 |  | 7.6% |  |  | 112,855 |  | 7.7% |  |  | 166,627 |  | 10.7%
Licensing and Retail |  |  | 105,414 |  | 7.8% |  |  | 66,475 |  | 4.5% |  |  | 79,992 |  | 5.1%
Total Net revenue |  | $ | 1,362,935 |  |  |  | $ | 1,472,508 |  |  |  | $ | 1,555,429 |  |
Summary of Reportable Segment Sales and Expenses | The following presents U.S. Digital segment sales and expenses:
| Fiscal 2024 |  |  | Fiscal 2023 |  |  | Fiscal 2022 |
(in thousands) | Segment |  | Total |  |  | Segment |  | Total |  |  | Segment |  | Total |
Net revenue | $ | 1,154,442 |  | $ | 1,154,442 |  |  | $ | 1,293,178 |  | $ | 1,293,178 |  |  | $ | 1,308,810 |  | $ | 1,308,810 |
All other net revenue (1) |  |  |  | 208,493 |  |  |  |  |  | 179,330 |  |  |  |  |  | 246,619 |
Total consolidated net revenue |  |  | $ | 1,362,935 |  |  |  |  | $ | 1,472,508 |  |  |  |  | $ | 1,555,429 |
Product cost of goods sold |  | 444,092 |  |  |  |  |  | 553,169 |  |  |  |  |  | 590,108 |  |  |
Shipping cost of goods sold |  | 157,557 |  |  |  |  |  | 190,059 |  |  |  |  |  | 213,800 |  |  |
Marketing costs |  | 179,499 |  |  |  |  |  | 174,701 |  |  |  |  |  | 167,440 |  |  |
Variable personnel costs |  | 75,465 |  |  |  |  |  | 69,584 |  |  |  |  |  | 66,266 |  |  |
Other segment expenses (2) |  | 32,407 |  |  |  |  |  | 39,744 |  |  |  |  |  | 36,605 |  |  |
Segment variable profit | $ | 265,422 |  |  |  |  | $ | 265,921 |  |  |  |  | $ | 234,591 |  |  |
(1) All other net revenue is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds and Japan for Fiscal 2022 (2) Other segment expenses include credit card fees, customer service, webhosting, supplies and other miscellaneous expenses
Summary of Reconciliation Between Reportable Segment Variable Profit to Consolidated Operating Income (Loss) | The reconciliation between segment variable profit to consolidated income (loss) before income taxes is as follows:
(in thousands) |  | Fiscal 2024 |  |  | Fiscal 2023 |  |  | Fiscal 2022 |
Segment variable profit |  | $ | 265,422 |  |  | $ | 265,921 |  |  | $ | 234,591 |
All other variable profit (1) |  |  | 45,949 |  |  |  | 26,405 |  |  |  | 23,722 |
Depreciation expense |  |  | (33,772 | ) |  |  | (38,465 | ) |  |  | (38,741 | )
Goodwill impairment |  |  | - |  |  |  | (106,700 | ) |  |  | - |
Unallocated corporate expenses (2) |  |  | (226,642 | ) |  |  | (224,676 | ) |  |  | (194,847 | )
Interest expense |  |  | (40,439 | ) |  |  | (48,291 | ) |  |  | (39,768 | )
Loss on extinguishment of debt |  |  | - |  |  |  | (6,666 | ) |  |  | - |
Other (expense) income, net |  |  | (22 | ) |  |  | 655 |  |  |  | 364 |
Income (loss) before income taxes |  | $ | 10,496 |  |  | $ | (131,817 | ) |  | $ | (14,679 | )
(1) All other variable profit is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds and Japan for Fiscal 2022 (2) Unallocated corporate expenses include fixed personnel costs, incentive compensation, office occupancy, information technology and professional fees
Summary of Segment and Geographic Region | The geographical allocation of Net revenue is based upon where the product is shipped. The following presents summarized geographical information:
(in thousands) |  | Fiscal 2024 |  | % of Net Revenue |  | Fiscal 2023 |  | % of Net Revenue |  | Fiscal 2022 |  | % of Net Revenue
United States |  | $ | 1,245,240 |  | 91.4% |  | $ | 1,342,366 |  | 91.2% |  | $ | 1,368,518 |  | 88.0%
Europe |  |  | 105,000 |  | 7.7% |  |  | 114,778 |  | 7.8% |  |  | 135,878 |  | 8.7%
Other (1) |  |  | 12,695 |  | 0.9% |  |  | 15,364 |  | 1.0% |  |  | 51,033 |  | 3.3%
Total Net revenue |  | $ | 1,362,935 |  |  |  | $ | 1,472,508 |  |  |  | $ | 1,555,429 |  |
(1) Fiscal 2022 includes Net revenue of $32.7 million from the Japan eCommerce distribution channel. See Note 8, Lands’ End Japan Closure.
Summary of Property and Equipment Net by Geographical Location | Property and equipment, net by geographical location are as follows:
(in thousands) |  | Fiscal 2024 |  |  | Fiscal 2023 |
United States |  | $ | 109,609 |  |  | $ | 111,254 |
Europe |  |  | 5,923 |  |  |  | 6,588 |
Asia |  |  | 86 |  |  |  | 191 |
Total long-lived assets |  | $ | 115,618 |  |  | $ | 118,033 |

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