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SEGMENT INFORMATION (Tables)

9 Months Ended

Oct. 04, 2025

Segment Reporting [Abstract]

Schedule of Information by Operating Segment

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

			For the 13 Weeks Ended October 4, 2025
			Americas			Europe			Asia			Corporate			Total
Net sales			$	109,734		$	91,149		$	68,986		$	332		$	270,201
Cost of sales			53,826			34,492			28,254			21,203			137,775
Gross profit			$	55,908		$	56,657		$	40,732		$	(20,871)		$	132,426
Marketing			8,200			6,935			5,678			11,032			31,845
Compensation and benefits			14,191			18,182			8,034			24,503			64,910
Depreciation and amortization			655			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
			Americas			Europe			Asia			Corporate			Total
Net sales			$	121,333		$	97,053		$	68,978		$	455		$	287,819
Cost of sales			54,896			39,938			29,177			21,576			145,587
Gross profit			$	66,437		$	57,115		$	39,801		$	(21,121)		$	142,232
Marketing			13,213			7,974			3,926			8,693			33,806
Compensation and benefits			16,851			17,133			8,532			29,533			72,049
Depreciation and amortization			845			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
			Americas			Europe			Asia			Corporate			Total
Net sales			$	303,214		$	235,651		$	183,746		$	1,271		$	723,882
Cost of sales			139,800			89,581			70,993			21,360			321,734
Gross profit			$	163,414		$	146,070		$	112,753		$	(20,089)		$	402,148
Marketing			16,389			13,855			12,929			12,948			56,121
Compensation and benefits			44,250			54,890			25,152			82,647			206,939
Depreciation and amortization			2,074			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
			Americas			Europe			Asia			Corporate			Total
Net sales			$	350,935		$	250,625		$	199,713		$	1,420		$	802,693
Cost of sales			171,451			104,328			92,673			21,667			390,119
Gross profit			$	179,484		$	146,297		$	107,040		$	(20,247)		$	412,574
Marketing			34,922			17,972			17,316			10,576			80,786
Compensation and benefits			50,535			56,423			26,931			88,344			222,233
Depreciation and amortization			2,999			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.

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 October 4, 2025												For the 13 Weeks Ended September 28, 2024
			Net Sales						Percentage of Total						Net Sales						Percentage of Total
Watches:
Traditional watches			$	222,204					82.2		%				$	223,248					77.6		%
Smartwatches			3,832						1.4						3,968						1.4
Total watches			$	226,036					83.6		%				$	227,216					79.0		%
Leathers			15,094						5.6						23,946						8.3
Jewelry			25,057						9.3						31,459						10.9
Other			4,014						1.5						5,198						1.8
Total			$	270,201					100.0		%				$	287,819					100.0		%

			For the 40 Weeks Ended October 4, 2025												For the 39 Weeks Ended September 28, 2024
			Net Sales						Percentage of Total						Net Sales						Percentage of Total
Watches:
Traditional watches			$	585,280					80.9		%				$	603,897					75.2		%
Smartwatches			9,277						1.3						21,237						2.6
Total watches			$	594,557					82.2		%				$	625,134					77.8		%
Leathers			49,221						6.8						78,695						9.8
Jewelry			66,708						9.2						81,922						10.2
Other			13,396						1.8						16,942						2.2
Total			$	723,882					100.0		%				$	802,693					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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