Segment Reporting (Tables)

12 Months Ended

Feb. 01, 2025


(in thousands)	U.S. Retail		Canada Retail		Brand Portfolio		Total
2024
Net sales:
External customer sales	$	2,466,101	$	283,023	$	260,138	$	3,009,262
Intersegment sales	—		—		138,743		138,743
Segment net sales	2,466,101		283,023		398,881		3,148,005
Elimination of intersegment net sales							(138,743)
Consolidated net sales							$	3,009,262
Less segment expenses:
Cost of sales, exclusive of expenses shown below	(1,405,903)		(156,993)		(289,067)
Store selling expenses	(305,700)		(41,056)		—
Occupancy costs	(264,440)		(34,205)		(6,021)
Marketing	(143,351)		(6,361)		(23,251)
Distribution and fulfillment costs	(41,192)		(4,593)		(13,452)
Personnel overhead costs	(41,921)		(10,157)		(49,949)
Depreciation and amortization	(31,909)		(4,559)		(6,811)
Other expense items(1)	(6,174)		(1,168)		(20,250)
Plus income from equity investments	—		—		13,145
Segment operating profit	$	225,511	$	23,931	$	3,225	252,667
Net elimination of intersegment activity							(10,084)
Corporate shared service costs(2)							(189,314)
Impairment charges(2)							(18,336)
Consolidated operating profit							34,933
Interest expense, net							(45,291)
Non-operating expenses, net							(372)
Loss before income taxes							$	(10,730)
Cash paid for segment property and equipment	$	25,169	$	6,742	$	2,414	$	34,325


(in thousands)	U.S. Retail		Canada Retail		Brand Portfolio		Total
2023
Net sales:
External customer sales	$	2,533,849	$	264,229	$	276,898	$	3,074,976
Intersegment sales	—		—		72,078		72,078
Segment net sales	2,533,849		264,229		348,976		3,147,054
Elimination of intersegment net sales							(72,078)
Consolidated net sales							$	3,074,976
Less segment expenses:
Cost of sales, exclusive of expenses shown below	(1,424,847)		(145,062)		(256,431)
Store selling expenses	(310,644)		(36,639)		—
Occupancy costs	(266,006)		(30,680)		(7,714)
Marketing	(142,352)		(6,024)		(27,987)
Distribution and fulfillment costs	(43,791)		(4,732)		(15,308)
Personnel overhead costs	(49,037)		(9,313)		(47,669)
Depreciation and amortization	(27,250)		(6,178)		(7,811)
Other expense items(1)	(8,247)		(969)		(22,169)
Plus income from equity investments	—		—		9,390
Segment operating profit (loss)	$	261,675	$	24,632	$	(26,723)	259,584
Net recognition of intersegment activity							3,281
Corporate shared service costs(2)							(185,630)
Impairment charges(2)							(4,834)
Consolidated operating profit							72,401
Interest expense, net							(32,171)
Non-operating expenses, net							(33)
Income before income taxes							$	40,197
Cash paid for segment property and equipment	$	27,977	$	5,719	$	2,211	$	35,907


(in thousands)	U.S. Retail		Canada Retail		Brand Portfolio		Total
2022
Net sales:
External customer sales	$	2,791,513	$	283,241	$	240,674	$	3,315,428
Intersegment sales	—		—		87,041		87,041
Segment net sales	2,791,513		283,241		327,715		3,402,469
Elimination of intersegment net sales							(87,041)
Consolidated net sales							$	3,315,428
Less segment expenses:
Cost of sales, exclusive of expenses shown below	(1,544,629)		(150,949)		(255,709)
Store selling expenses	(323,471)		(36,019)		—
Occupancy costs	(266,536)		(29,900)		(9,315)
Marketing	(140,547)		(6,798)		(19,789)
Distribution and fulfillment costs	(52,199)		(5,085)		(18,370)
Personnel overhead costs	(59,867)		(10,976)		(41,348)
Depreciation and amortization	(45,101)		(6,629)		(5,480)
Other expense items(1)	(8,653)		(1,176)		(9,464)
Plus income from equity investments	—		—		8,864
Segment operating profit (loss)	$	350,510	$	35,709	$	(22,896)	363,323
Net recognition of intersegment activity							3,515
Corporate shared service costs(2)							(175,131)
Impairment charges(2)							(4,317)
Consolidated operating profit							187,390
Interest expense, net							(14,874)
Loss on extinguishment of debt and write-off of debt issuance costs							(12,862)
Non-operating expenses, net							(130)
Income before income taxes							$	159,524
Cash paid for segment property and equipment	$	27,567	$	3,169	$	1,501	$	32,237

(1) Other expense items include professional services fees, payment service fees, supplies, travel, and other administrative segment expenses.

(2) Corporate shared services costs and impairment charges are not attributed to any of our segments. Corporate shared services costs primarily relate to corporate administration, IT, finance, human resources, legal, real estate, and other shared services performing corporate-level activities. We also do not allocate amounts related to restructuring and integration charges (including severance), CEO transition costs, and acquisition-related costs.