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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Schedule of Information by Operating Segment

Summary information by operating segment was as follows (in thousands):

			For the 13 Weeks Ended June 29, 2024												For the 13 Weeks Ended July 1, 2023
			Net Sales						Operating Income (Loss)						Net Sales						Operating Income (Loss)
Americas			$	119,584					$	14,604					$	146,651					$	23,444
Europe			74,852						9,958						88,279						(688)
Asia			65,199						6,024						84,123						7,404
Corporate			356						(64,589)						2,913						(65,473)
Consolidated			$	259,991					$	(34,003)					$	321,966					$	(35,313)

			For the 26 Weeks Ended June 29, 2024												For the 26 Weeks Ended July 1, 2023
			Net Sales						Operating Income (Loss)						Net Sales						Operating Income (Loss)
Americas			$	229,601					$	23,359					$	284,583					$	36,000
Europe			153,572						17,352						193,952						6,282
Asia			130,736						11,826						164,259						14,604
Corporate			965						(115,746)						4,208						(129,507)
Consolidated			$	514,874					$	(63,209)					$	647,002					$	(72,621)

Schedule of Net Sales for each Class of Similar Products

The following table reflects net sales for each class of similar products in the periods presented (in thousands, except percentage data):

			For the 13 Weeks Ended June 29, 2024												For the 13 Weeks Ended July 1, 2023
			Net Sales						Percentage of Total						Net Sales						Percentage of Total
Watches:
Traditional watches			$	194,088					74.7		%				$	236,102					73.4		%
Smartwatches			8,392						3.2						17,779						5.5
Total watches			$	202,480					77.9		%				$	253,881					78.9		%
Leathers			27,166						10.4						33,322						10.3
Jewelry			24,199						9.3						27,358						8.5
Other			6,146						2.4						7,405						2.3
Total			$	259,991					100.0		%				$	321,966					100.0		%

			For the 26 Weeks Ended June 29, 2024									For the 26 Weeks Ended July 1, 2023
			Net Sales			Percentage of Total						Net Sales						Percentage of Total
Watches:
Traditional watches			$	380,649		73.9		%				$	461,528					71.3		%
Smartwatches			17,269			3.4						42,179						6.5
Total watches			397,918			77.3		%				$	503,707					77.8		%
Leathers			54,749			10.6						73,585						11.4
Jewelry			50,463			9.8						56,402						8.7
Other			11,744			2.3						13,308						2.1
Total			$	514,874		100.0		%				$	647,002					100.0		%

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

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- Definition

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.

+ References

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