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SEGMENT INFORMATION (Tables)

3 Months Ended

Apr. 05, 2025

Segment Reporting [Abstract]

Schedule of information by operating segment

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

			For the 14 Weeks Ended April 5, 2025
			Americas			Europe			Asia			Corporate			Total
Net sales			$	97,729		$	77,333		$	57,345		$	886		$	233,293
Cost of sales			41,019			29,202			19,909			171			90,301
Gross profit			$	56,710		$	48,131		$	37,436		$	715		$	142,992
Marketing			4,046			3,750			4,042			1,408			13,246
Compensation and benefits			15,552			17,875			8,724			31,541			73,692
Depreciation and amortization			729			817			615			1,207			3,368
Other segment items (1)			12,153			8,935			8,797			29,548			59,433
Operating income			$	24,230		$	16,754		$	15,258		$	(62,989)		$	(6,747)

			For the 13 Weeks Ended March 30, 2024
			Americas			Europe			Asia			Corporate			Total
Net sales			$	110,017		$	78,720		$	65,538		$	609		$	254,884
Cost of sales			57,901			32,203			31,260			28			121,392
Gross profit			$	52,116		$	46,517		$	34,278		$	581		$	133,492
Marketing			9,001			4,319			7,045			857			21,222
Compensation and benefits			17,230			21,920			9,552			29,625			78,327
Depreciation and amortization			1,226			1,055			525			1,609			4,415
Other segment items (1)			15,904			11,830			11,354			19,646			58,734
Operating income			$	8,755		$	7,393		$	5,802		$	(51,156)		$	(29,206)

______________________________________________________________________________

(1) Other segment items for each reportable segment include long-lived asset impairments, restructuring charges, facility costs, overhead expenses and other operating costs.

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 14 Weeks Ended April 5, 2025												For the 13 Weeks Ended March 30, 2024
			Net Sales						Percentage of Total						Net Sales						Percentage of Total
Watches:
Traditional watches			$	184,631					79.1		%				$	186,561					73.2		%
Smartwatches			4,046						1.7						8,877						3.5
Total watches			$	188,677					80.8		%				$	195,438					76.7		%
Leathers			17,180						7.4						27,584						10.8
Jewelry			22,260						9.5						26,263						10.3
Other			5,176						2.3						5,599						2.2
Total			$	233,293					100.0		%				$	254,884					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.

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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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