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Pay vs Performance Disclosure
12 Months Ended
Apr. 01, 2023
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Apr. 02, 2022
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Mar. 27, 2021
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Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

Pay Versus Performance

Below is information about the relationship between executive compensation actually paid to our named executive officers and our financial performance, as prepared in accordance with SEC rules. For purposes of the Peer Group Total Shareholder Return column of the Pay Versus Performance Table, we have used the S&P Composite 1500 Apparel, Accessories & Luxury Goods Index, which we also used for purposes of the Stock Performance Graph in our 2023 Annual Report on Form 10-K. For further information about how we align executive compensation with the Company’s performance, see “Compensation Discussion and Analysis” starting on page 59.

                      Value of Initial Fixed $100 Investment Based On:          
  Fiscal Year
(a)
  Summary
Compensation
Table Total
for CEO1
(b)
  Compensation
Actually Paid
to CEO2-5
(c)
  Average
Summary
Compensation
Table Total
for Non-CEOs
NEOs1
(d)
  Average
Compensation
Actually Paid to Non-CEOs
NEOs2-5
(e)
  Total
Shareholder
Return
(f)
  Peer Group
Total
Shareholder
Return6
(g)
  Net Income
($ millions)
(h)
  Adjusted Operating Profit Margin7
(i)
 
  2023   14,471,356   14,004,639   7,603,556   7,025,927   181.19   137.62   522.7   13.7%  
  2022   18,553,058   18,143,171   12,597,031   12,208,407   168.70   176.27   600.1   13.4%  
  2021   12,063,568   25,475,834   8,621,310   15,031,334   179.67   209.53   -121.1   4.8%  
1. Mr. Louvet is the CEO for each of the years shown. The Non-CEO NEOs include Mr. R. Lauren, Ms. Nielsen, and Mr. D. Lauren for each of the years shown, Ms. Alagoz for Fiscal 2023 and Howard Smith, our Former Chief Commercial Officer, for Fiscal 2022 and Fiscal 2021.
2. Fair value amounts or change in fair value, as applicable, of equity awards in the Compensation Actually Paid (“CAP”) columns were determined based on applicable SEC rules with respect to previously granted service-based RSUs and PSUs. For PSUs, changes in fair value were calculated as of the end of the covered year based on the probable outcome of performance conditions, with the PSUs-TSR for Fiscal 2023, Fiscal 2022, and Fiscal 2021 calculated pursuant to a Monte Carlo simulation, as of the last day of the applicable year. No stock options were granted or continued to vest during Fiscal 2023, Fiscal 2022, and Fiscal 2021.
3. For Fiscal 2023, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO     Average
Non-CEO NEOs
   
  Total Reported in Fiscal 2023 Summary Compensation Table (“SCT”)   14,471,356     7,603,556    
  Less: Value of stock awards reported in SCT   9,110,544     4,167,633    
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   11,554,627     5,315,211    
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   (1,011,215 )   (1,210,642 )  
  Plus: Fair value of awards granted this year and that vested this year   0     0    
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   (1,899,585 )   (514,565 )  
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0     0    
  Compensation Actually Paid for Fiscal 2023   14,004,639     7,025,927    
4. For Fiscal 2022, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO     Average
Non-CEO NEOs
   
  Total Reported in Fiscal 2022 SCT   18,553,058     12,597,031    
  Less: Value of stock awards reported in SCT   9,228,711     5,258,016    
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   10,881,406     5,950,050    
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   (2,116,559 )   (1,082,579 )  
  Plus: Fair value of awards granted this year and that vested this year   0     0    
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   53,977     1,921    
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0     0    
  Compensation Actually Paid for Fiscal 2022   18,143,171     12,208,407    
5. For Fiscal 2021, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO   Average
Non-CEO NEOs
 
  Total Reported in Fiscal 2021 SCT   12,063,568   8,621,310  
  Less: Value of stock awards reported in SCT   7,131,351   4,247,644  
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   12,943,487   7,384,070  
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   5,826,919   2,725,747  
  Plus: Fair value of awards granted this year and that vested this year   0   0  
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   1,773,211   547,851  
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0   0  
  Compensation Actually Paid for Fiscal 2021   25,475,834   15,031,334  
6. The peer group used for this purpose is the S&P Composite 1500 Apparel, Accessories & Luxury Goods Index which is also used for purposes of the Stock Performance Graph in our 2023 Annual Report on Form 10-K.
7. We chose Adjusted Operating Profit Margin as our Company Selected measure for evaluating Pay versus Performance because it is a key metric in our short-term incentive plan and in our Fiscal 2022 long-term incentive plan for PSUs. Adjusted Operating Profit Margin is a non-GAAP measure. Please refer to Appendix B to this Proxy Statement for additional detail on this measure.
   
Company Selected Measure Name Adjusted Operating Profit Margin    
Named Executive Officers, Footnote [Text Block]
1. Mr. Louvet is the CEO for each of the years shown. The Non-CEO NEOs include Mr. R. Lauren, Ms. Nielsen, and Mr. D. Lauren for each of the years shown, Ms. Alagoz for Fiscal 2023 and Howard Smith, our Former Chief Commercial Officer, for Fiscal 2022 and Fiscal 2021.
   
Peer Group Issuers, Footnote [Text Block]
6. The peer group used for this purpose is the S&P Composite 1500 Apparel, Accessories & Luxury Goods Index which is also used for purposes of the Stock Performance Graph in our 2023 Annual Report on Form 10-K.
   
PEO Total Compensation Amount $ 14,471,356 $ 18,553,058 $ 12,063,568
PEO Actually Paid Compensation Amount $ 14,004,639 18,143,171 25,475,834
Adjustment To PEO Compensation, Footnote [Text Block]
3. For Fiscal 2023, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO     Average
Non-CEO NEOs
   
  Total Reported in Fiscal 2023 Summary Compensation Table (“SCT”)   14,471,356     7,603,556    
  Less: Value of stock awards reported in SCT   9,110,544     4,167,633    
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   11,554,627     5,315,211    
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   (1,011,215 )   (1,210,642 )  
  Plus: Fair value of awards granted this year and that vested this year   0     0    
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   (1,899,585 )   (514,565 )  
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0     0    
  Compensation Actually Paid for Fiscal 2023   14,004,639     7,025,927    
4. For Fiscal 2022, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO     Average
Non-CEO NEOs
   
  Total Reported in Fiscal 2022 SCT   18,553,058     12,597,031    
  Less: Value of stock awards reported in SCT   9,228,711     5,258,016    
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   10,881,406     5,950,050    
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   (2,116,559 )   (1,082,579 )  
  Plus: Fair value of awards granted this year and that vested this year   0     0    
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   53,977     1,921    
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0     0    
  Compensation Actually Paid for Fiscal 2022   18,143,171     12,208,407    
5. For Fiscal 2021, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO   Average
Non-CEO NEOs
 
  Total Reported in Fiscal 2021 SCT   12,063,568   8,621,310  
  Less: Value of stock awards reported in SCT   7,131,351   4,247,644  
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   12,943,487   7,384,070  
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   5,826,919   2,725,747  
  Plus: Fair value of awards granted this year and that vested this year   0   0  
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   1,773,211   547,851  
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0   0  
  Compensation Actually Paid for Fiscal 2021   25,475,834   15,031,334  
   
Non-PEO NEO Average Total Compensation Amount $ 7,603,556 12,597,031 8,621,310
Non-PEO NEO Average Compensation Actually Paid Amount $ 7,025,927 12,208,407 15,031,334
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
3. For Fiscal 2023, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO     Average
Non-CEO NEOs
   
  Total Reported in Fiscal 2023 Summary Compensation Table (“SCT”)   14,471,356     7,603,556    
  Less: Value of stock awards reported in SCT   9,110,544     4,167,633    
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   11,554,627     5,315,211    
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   (1,011,215 )   (1,210,642 )  
  Plus: Fair value of awards granted this year and that vested this year   0     0    
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   (1,899,585 )   (514,565 )  
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0     0    
  Compensation Actually Paid for Fiscal 2023   14,004,639     7,025,927    
4. For Fiscal 2022, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO     Average
Non-CEO NEOs
   
  Total Reported in Fiscal 2022 SCT   18,553,058     12,597,031    
  Less: Value of stock awards reported in SCT   9,228,711     5,258,016    
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   10,881,406     5,950,050    
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   (2,116,559 )   (1,082,579 )  
  Plus: Fair value of awards granted this year and that vested this year   0     0    
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   53,977     1,921    
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0     0    
  Compensation Actually Paid for Fiscal 2022   18,143,171     12,208,407    
5. For Fiscal 2021, the values included in the “CAP to CEO” and “Average CAP to Non-CEO NEOs” columns reflect the following adjustments from the values shown in columns (b) and (d), respectively:
      CEO   Average
Non-CEO NEOs
 
  Total Reported in Fiscal 2021 SCT   12,063,568   8,621,310  
  Less: Value of stock awards reported in SCT   7,131,351   4,247,644  
  Plus: Year-end value of stock awards granted in fiscal year that are outstanding and unvested   12,943,487   7,384,070  
  Plus: Change in fair value (from prior year-end) of stock awards granted in prior years that are outstanding and unvested   5,826,919   2,725,747  
  Plus: Fair value of awards granted this year and that vested this year   0   0  
  Plus: Change in fair value (from prior year-end) of prior year stock awards that vested this year   1,773,211   547,851  
  Less: Prior year-end fair value of stock awards granted in prior years that failed to vest this year   0   0  
  Compensation Actually Paid for Fiscal 2021   25,475,834   15,031,334  
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

The following charts present the relationship of CAP to TSR, Net Income, and Adjusted Operating Profit Margin, as well as the relationship between our TSR and the TSR of the S&P Composite 1500 Apparel, Accessories & Luxury Goods Index.

   
Compensation Actually Paid vs. Net Income [Text Block]

The following charts present the relationship of CAP to TSR, Net Income, and Adjusted Operating Profit Margin, as well as the relationship between our TSR and the TSR of the S&P Composite 1500 Apparel, Accessories & Luxury Goods Index.

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

The following charts present the relationship of CAP to TSR, Net Income, and Adjusted Operating Profit Margin, as well as the relationship between our TSR and the TSR of the S&P Composite 1500 Apparel, Accessories & Luxury Goods Index.

 

   
Total Shareholder Return Vs Peer Group [Text Block]

The following charts present the relationship of CAP to TSR, Net Income, and Adjusted Operating Profit Margin, as well as the relationship between our TSR and the TSR of the S&P Composite 1500 Apparel, Accessories & Luxury Goods Index.

   
Tabular List [Table Text Block]

Tabular List

The following tabular list sets forth those measures, which, in our assessment, represent the three financial performance measures and the one non-financial performance measure that we use to link the compensation paid to our named executive officers for Fiscal 2023 to Company performance. See “Compensation Discussion and Analysis”, beginning on page 59 for more information about how these measures impact our NEOs’ compensation.

Financial Performance Measures
Adjusted Operating Profit Margin (“OPM”)
Total Company Revenue
Relative Total Shareholder Return (“TSR”)
   
Total Shareholder Return Amount $ 181.19 168.7 179.67
Peer Group Total Shareholder Return Amount 137.62 176.27 209.53
Net Income (Loss) $ 522,700,000 $ 600,100,000 $ (121,100,000)
Company Selected Measure Amount 0.137 0.134 0.048
PEO Name Mr. Louvet Mr. Louvet Mr. Louvet
Stock Options Granted (in shares) | shares 0 0 0
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Operating Profit Margin (“OPM”)    
Non-GAAP Measure Description [Text Block]
7. We chose Adjusted Operating Profit Margin as our Company Selected measure for evaluating Pay versus Performance because it is a key metric in our short-term incentive plan and in our Fiscal 2022 long-term incentive plan for PSUs. Adjusted Operating Profit Margin is a non-GAAP measure. Please refer to Appendix B to this Proxy Statement for additional detail on this measure.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Total Company Revenue    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Relative Total Shareholder Return (“TSR”)    
PEO [Member] | Value of Stock Awards Reported in SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (9,110,544) $ (9,228,711) $ (7,131,351)
PEO [Member] | Year-end Value of Stock Awards Granted in Fiscal Year that are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 11,554,627 10,881,406 12,943,487
PEO [Member] | Change in Fair Value (from Prior Year-end) of Stock Awards Granted in Prior Years that are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,011,215) (2,116,559) 5,826,919
PEO [Member] | Fair Value of Awards Granted this Year and that Vested this Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Change in Fair Value (from Prior Year-end) of Prior Year Stock Awards that Vested this Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,899,585) 53,977 1,773,211
PEO [Member] | Prior Year-end Fair Value of Stock Awards Granted in Prior Years that Failed to Vest this Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Value of Stock Awards Reported in SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (4,167,633) (5,258,016) (4,247,644)
Non-PEO NEO [Member] | Year-end Value of Stock Awards Granted in Fiscal Year that are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 5,315,211 5,950,050 7,384,070
Non-PEO NEO [Member] | Change in Fair Value (from Prior Year-end) of Stock Awards Granted in Prior Years that are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,210,642) (1,082,579) 2,725,747
Non-PEO NEO [Member] | Fair Value of Awards Granted this Year and that Vested this Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Change in Fair Value (from Prior Year-end) of Prior Year Stock Awards that Vested this Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (514,565) 1,921 547,851
Non-PEO NEO [Member] | Prior Year-end Fair Value of Stock Awards Granted in Prior Years that Failed to Vest this Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0