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SEGMENT INFORMATION
 9 Months Ended
Oct. 04, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company reports segment information based on the “management approach.” The management approach designates the internal reporting used by management, specifically its chief operating decision maker ("CODM") for making decisions and assessing performance as the source of the Company's reportable segments. The Company's CODM is its Chief Executive Officer.
The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments are comprised of (i) Americas, (ii) Europe and (iii) Asia. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment primarily includes sales to customers based in Canada, Latin America and the United States. The Europe segment primarily includes sales to customers based in European countries, the Middle East and Africa. The Asia segment primarily includes sales to customers based in Australia, greater China (including mainland China, Hong Kong,
Macau and Taiwan), India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. Each reportable operating segment provides similar products and services.
The Company evaluates the performance of its reportable segments based on net sales and operating income (loss). Net sales for geographic segments are based on the location of the selling entity. Operating income (loss) for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Corporate includes peripheral revenue generating activities from factories and intellectual property and general corporate expenses, including certain administrative, legal, accounting, technology support costs, equity compensation costs, payroll costs attributable to executive management, brand management, product development, art, creative/product design, marketing, strategy, compliance and back office supply chain expenses that are not allocated to the various segments because they are managed at the corporate level internally. The Company does not include intercompany transfers between segments for management reporting purposes.
The CODM uses net sales and operating income (loss) for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis for both performance measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment gross profit for evaluating pricing strategy and segment operating income (loss) to assess the performance of each segment by comparing the results of each segment with one another. The CODM does not review disaggregated assets by segment, therefore it is not presented below.
Summary information by operating segment was as follows (in thousands):
For the 13 Weeks Ended October 4, 2025
AmericasEuropeAsiaCorporateTotal
Net sales$109,734 $91,149 $68,986 $332 $270,201 
Cost of sales53,826 34,492 28,254 21,203 137,775 
   Gross profit$55,908 $56,657 $40,732 $(20,871)$132,426 
Marketing8,200 6,935 5,678 11,032 31,845 
Compensation and benefits14,191 18,182 8,034 24,503 64,910 
Depreciation and amortization655 627 332 1,698 3,312 
Other segment items (1)
13,053 10,152 7,910 22,924 54,039 
   Operating income (loss)$19,809 $20,761 $18,778 $(81,028)$(21,680)

For the 13 Weeks Ended September 28, 2024
AmericasEuropeAsiaCorporateTotal
Net sales$121,333 $97,053 $68,978 $455 $287,819 
Cost of sales54,896 39,938 29,177 21,576 145,587 
   Gross profit$66,437 $57,115 $39,801 $(21,121)$142,232 
Marketing13,213 7,974 3,926 8,693 33,806 
Compensation and benefits16,851 17,133 8,532 29,533 72,049 
Depreciation and amortization845 740 633 1,533 3,751 
Other segment items (1)
13,602 7,909 10,334 25,241 57,086 
   Operating income (loss)$21,926 $23,359 $16,376 $(86,121)$(24,460)
For the 40 Weeks Ended October 4, 2025
AmericasEuropeAsiaCorporateTotal
Net sales$303,214 $235,651 $183,746 $1,271 $723,882 
Cost of sales139,800 89,581 70,993 21,360 321,734 
   Gross profit$163,414 $146,070 $112,753 $(20,089)$402,148 
Marketing16,389 13,855 12,929 12,948 56,121 
Compensation and benefits44,250 54,890 25,152 82,647 206,939 
Depreciation and amortization2,074 2,116 1,333 4,052 9,575 
Other segment items (1)
37,730 14,270 24,601 72,851 149,452 
   Operating income (loss)$62,971 $60,939 $48,738 $(192,587)$(19,939)

For the 39 Weeks Ended September 28, 2024
AmericasEuropeAsiaCorporateTotal
Net sales$350,935 $250,625 $199,713 $1,420 $802,693 
Cost of sales171,451 104,328 92,673 21,667 390,119 
   Gross profit$179,484 $146,297 $107,040 $(20,247)$412,574 
Marketing34,922 17,972 17,316 10,576 80,786 
Compensation and benefits50,535 56,423 26,931 88,344 222,233 
Depreciation and amortization2,999 2,603 1,731 4,722 12,055 
Other segment items (1)
45,744 28,588 32,860 77,977 185,169 
   Operating income (loss)$45,284 $40,711 $28,202 $(201,866)$(87,669)
(1) Other segment items for each reportable segment include long-lived asset impairments, restructuring charges, facility costs, overhead expenses, fixed asset disposals and other operating costs.
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 October 4, 2025For the 13 Weeks Ended September 28, 2024
 Net SalesPercentage of TotalNet SalesPercentage of Total
Watches:
    Traditional watches $222,204 82.2 %$223,248 77.6 %
    Smartwatches3,832 1.4 3,968 1.4 
Total watches$226,036 83.6 %$227,216 79.0 %
Leathers15,094 5.6 23,946 8.3 
Jewelry25,057 9.3 31,459 10.9 
Other4,014 1.5 5,198 1.8 
Total$270,201 100.0 %$287,819 100.0 %

For the 40 Weeks Ended October 4, 2025For the 39 Weeks Ended September 28, 2024
 Net SalesPercentage of TotalNet SalesPercentage of Total
Watches:
    Traditional watches$585,280 80.9 %$603,897 75.2 %
    Smartwatches9,277 1.3 21,237 2.6 
Total watches$594,557 82.2 %$625,134 77.8 %
Leathers49,221 6.8 78,695 9.8 
Jewelry66,708 9.2 81,922 10.2 
Other13,396 1.8 16,942 2.2 
Total$723,882 100.0 %$802,693 100.0 %