XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Reporting | 3 Months Ended
--- | ---
May 03, 2025
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING Our three reportable segments, which are also operating segments, are the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. We have determined that the Chief Operating Decision Maker ("CODM") is our Chief Executive Officer. The following table provides certain financial da ta by segment reconciled to the condensed consolidated financial statements (total assets by segment are not presented in the table below as the CODM does not evaluate, manage, or measure performance of segments using total assets):
(in thousands) | U.S. Retail |  | Canada Retail |  | Brand Portfolio |  | Total
Three months ended May 3, 2025 |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |
External customer sales | $ | 573,240 |  |  | $ | 53,905 |  |  | $ | 59,764 |  |  | $ | 686,909 |
Intersegment sales | — |  |  | — |  |  | 36,134 |  |  | 36,134 |
Segment net sales | 573,240 |  |  | 53,905 |  |  | 95,898 |  |  | 723,043 |
Elimination of intersegment net sales |  |  |  |  |  |  | (36,134) |
Consolidated net sales |  |  |  |  |  |  | $ | 686,909 |
Less segment expenses: |  |  |  |  |  |  |
Cost of sales, exclusive of expenses shown below | (330,444) |  |  | (28,501) |  |  | (69,227) |  |  |
Store selling expenses | (74,197) |  |  | (9,307) |  |  | — |  |  |
Occupancy costs | (64,710) |  |  | (9,002) |  |  | (1,196) |  |  |
Marketing | (33,668) |  |  | (1,078) |  |  | (3,798) |  |  |
Distribution and fulfillment costs | (11,070) |  |  | (1,231) |  |  | (2,979) |  |  |
Personnel overhead costs | (10,353) |  |  | (3,009) |  |  | (12,367) |  |  |
Depreciation and amortization | (7,878) |  |  | (1,142) |  |  | (1,760) |  |  |
Other expense items(1) | (1,312) |  |  | (270) |  |  | (4,407) |  |  |
Plus income from equity investments | — |  |  | — |  |  | 2,427 |  |  |
Segment operating profit | $ | 39,608 |  |  | $ | 365 |  |  | $ | 2,591 |  |  | 42,564 |
Net recognition of intersegment activity |  |  |  |  |  |  | 255 |
Corporate shared service costs(2) |  |  |  |  |  |  | (47,128) |
Impairment charges(2) |  |  |  |  |  |  | (2,953) |
Consolidated operating loss |  |  |  |  |  |  | (7,262) |
Interest expense, net |  |  |  |  |  |  | (11,868) |
Non-operating income, net |  |  |  |  |  |  | 8 |
Loss before income taxes |  |  |  |  |  |  | $ | (19,122) |
Cash paid for segment property and equipment | $ | 4,819 |  |  | $ | 1,056 |  |  | $ | 644 |  |  | $ | 6,519 |
(in thousands) | U.S. Retail |  | Canada Retail |  | Brand Portfolio |  | Total
Three months ended May 4, 2024 |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |
External customer sales | $ | 621,367 |  |  | $ | 55,512 |  |  | $ | 69,717 |  |  | $ | 746,596 |
Intersegment sales | — |  |  | — |  |  | 34,413 |  |  | 34,413 |
Segment net sales | 621,367 |  |  | 55,512 |  |  | 104,130 |  |  | 781,009 |
Elimination of intersegment net sales |  |  |  |  |  |  | (34,413) |
Consolidated net sales |  |  |  |  |  |  | $ | 746,596 |
Less segment expenses: |  |  |  |  |  |  |
Cost of sales, exclusive of expenses shown below | (346,959) |  |  | (29,138) |  |  | (70,653) |  |  |
Store selling expenses | (77,572) |  |  | (9,099) |  |  | — |  |  |
Occupancy costs | (65,168) |  |  | (7,893) |  |  | (1,716) |  |  |
Marketing | (35,272) |  |  | (955) |  |  | (8,360) |  |  |
Distribution and fulfillment costs | (10,635) |  |  | (1,277) |  |  | (2,591) |  |  |
Personnel overhead costs | (12,226) |  |  | (2,814) |  |  | (15,735) |  |  |
Depreciation and amortization | (8,059) |  |  | (1,001) |  |  | (1,674) |  |  |
Other expense items(1) | (1,275) |  |  | (167) |  |  | (4,309) |  |  |
Plus income from equity investments | — |  |  | — |  |  | 2,864 |  |  |
Segment operating profit | $ | 64,201 |  |  | $ | 3,168 |  |  | $ | 1,956 |  |  | 69,325 |
Net elimination of intersegment activity |  |  |  |  |  |  | (4,248) |
Corporate shared service costs(2) |  |  |  |  |  |  | (55,695) |
Consolidated operating profit |  |  |  |  |  |  | 9,382 |
Interest expense, net |  |  |  |  |  |  | (11,561) |
Non-operating expenses, net |  |  |  |  |  |  | (143) |
Loss before income taxes |  |  |  |  |  |  | $ | (2,322) |
Cash paid for segment property and equipment | $ | 5,951 |  |  | $ | 2,116 |  |  | $ | 402 |  |  | $ | 8,469 |
(1) Other expense items include professional services fees, payment service fees, supplies, travel, and other administrative segment expenses. (2) Corporate shared services costs and impairment charges are not attributed to any of our segments. Corporate shared services costs primarily relate to corporate administration, IT, finance, human resources, legal, real estate, and other shared services performing corporate-level activities. We also do not allocate amounts related to restructuring and integration charges (including severance) and acquisition-related costs.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration