Revenue

6 Months Ended

Jul. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue

REVENUE

DISAGGREGATION OF NET SALES

Net Sales by Brand Categories- The following table presents net sales disaggregated by brand categories for each segment:

(in thousands)	U.S. Retail		Canada Retail		Brand Portfolio		Eliminations		Consolidated
Three months ended July 30, 2022
Owned Brands:(1)
Direct-to-consumer	$	147,877	$	—	$	7,793	$	—	$	155,670
External customer wholesale and commission income	—		—		39,179		—		39,179
Intersegment wholesale and commission income	—		—		19,379		(19,379)		—
Total Owned Brands	147,877		—		66,351		(19,379)		194,849
National brands	586,186		—		—		—		586,186
Canada Retail(2)	—		78,284		—		—		78,284
Total net sales	$	734,063	$	78,284	$	66,351	$	(19,379)	$	859,319
Three months ended July 31, 2021
Owned Brands:(1)
Direct-to-consumer	$	102,152	$	—	$	5,437	$	—	$	107,589
External customer wholesale and commission income	—		—		31,220		—		31,220
Intersegment wholesale and commission income	—		—		13,872		(13,872)		—
Total Owned Brands	102,152		—		50,529		(13,872)		138,809
National brands	620,941		—		—		—		620,941
Canada Retail(2)	—		57,585		—		—		57,585
Total net sales	$	723,093	$	57,585	$	50,529	$	(13,872)	$	817,335

(in thousands)	U.S. Retail		Canada Retail		Brand Portfolio		Eliminations		Consolidated
Six months ended July 30, 2022
Owned Brands:(1)
Direct-to-consumer	$	287,032	$	—	$	14,320	$	—	$	301,352
External customer wholesale and commission income	—		—		104,135		—		104,135
Intersegment wholesale and commission income	—		—		45,352		(45,352)		—
Total Owned Brands	287,032		—		163,807		(45,352)		405,487
National brands	1,149,776		—		—		—		1,149,776
Canada Retail(2)	—		134,599		—		—		134,599
Total net sales	$	1,436,808	$	134,599	$	163,807	$	(45,352)	$	1,689,862
Six months ended July 31, 2021
Owned Brands:(1)
Direct-to-consumer	$	185,418	$	—	$	10,890	$	—	$	196,308
External customer wholesale and commission income	—		—		67,660		—		67,660
Intersegment wholesale and commission income	—		—		29,406		(29,406)		—
Total Owned Brands	185,418		—		107,956		(29,406)		263,968
National brands	1,158,333		—		—		—		1,158,333
Canada Retail(2)	—		98,189		—		—		98,189
Total net sales	$	1,343,751	$	98,189	$	107,956	$	(29,406)	$	1,520,490

(1)    Owned Brands refers to those brands we have rights to sell through ownership or license arrangements.

(2)    We currently do not report the Canada Retail segment net sales by brand categories.

Net Sales by Product and Service Categories- The following table presents net sales disaggregated by product and service

category for each segment:

	Three months ended				Six months ended
(in thousands)	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Net sales:
U.S. Retail segment:
Women's footwear	$	475,079	$	467,518	$	944,210	$	872,818
Men's footwear	164,122		168,218		309,929		300,165
Kids' footwear	53,185		54,112		106,103		108,844
Accessories and other	41,677		33,245		76,566		61,924
	734,063		723,093		1,436,808		1,343,751
Canada Retail segment:
Women's footwear	43,802		30,230		73,806		50,661
Men's footwear	21,462		15,805		35,890		25,333
Kids' footwear	9,592		9,554		19,409		19,067
Accessories and other	3,428		1,996		5,494		3,128
	78,284		57,585		134,599		98,189
Brand Portfolio segment:
Wholesale	54,136		42,715		141,911		91,358
First Cost commission income	4,422		2,377		7,576		5,708
Direct-to-consumer	7,793		5,437		14,320		10,890
	66,351		50,529		163,807		107,956
Total segment net sales	878,698		831,207		1,735,214		1,549,896
Elimination of intersegment sales	(19,379)		(13,872)		(45,352)		(29,406)
Total net sales	$	859,319	$	817,335	$	1,689,862	$	1,520,490

DEFERRED REVENUE LIABILITIES

We record deferred revenue liabilities, included in accrued expenses on the condensed consolidated balance sheets, for remaining obligations we have to our customers. The following table presents the changes and total balances for gift cards and our loyalty programs:

	Three months ended				Six months ended
(in thousands)	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Gift cards:
Beginning of period	$	32,844	$	30,809	$	36,783	$	34,442
Gift cards redeemed and breakage recognized to net sales	(18,295)		(19,210)		(36,555)		(36,380)
Gift cards issued	15,569		17,092		29,890		30,629
End of period	$	30,118	$	28,691	$	30,118	$	28,691
Loyalty programs:
Beginning of period	$	16,243	$	12,955	$	15,736	$	11,379
Loyalty certificates redeemed and expired and other adjustments recognized to net sales	(8,179)		(6,008)		(16,060)		(10,904)
Deferred revenue for loyalty points issued	8,724		8,308		17,112		14,780
End of period	$	16,788	$	15,255	$	16,788	$	15,255