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BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Feb. 01, 2025

BUSINESS SEGMENT INFORMATION

Schedule of segment reporting information, by segment

2024

Famous

Brand

Eliminations

($ thousands)

Footwear

Portfolio

and Other

Total

Net sales ⁽¹⁾

$

1,556,456

$

1,225,963

$

(59,736)

$

2,722,683

Cost of goods sold

869,829

689,668

(58,856)

1,500,641

Gross profit

686,627

536,295

(880)

1,222,042

Less expenses:

Retail stores ⁽²⁾

366,144

31,108

—

397,252

Information technology

30,843

27,631

7,881

66,355

Warehousing and distribution

50,905

70,368

3,580

124,853

Advertising and marketing

50,370

78,275

3,459

132,104

Restructuring and other special charges, net

639

6,343

185

7,167

Other expenses ⁽³⁾

100,650

200,448

43,357

344,455

Operating earnings (loss)

$

87,076

$

122,122

$

(59,342)

$

149,856

Segment assets

$

817,469

$

893,460

$

183,825

$

1,894,754

Purchases of property and equipment

$

36,694

$

10,335

$

2,118

$

49,147

Capitalized software

$

618

$

44

$

1,877

$

2,539


	2023
		Famous			Brand			Eliminations
($ thousands)		Footwear			Portfolio			and Other			Total

Net sales ⁽¹⁾		$	1,609,396		$	1,270,853		$	(62,955)		$	2,817,294
Cost of goods sold			889,847			724,848			(60,358)			1,554,337
Gross profit			719,549			546,005			(2,597)			1,262,957

Less expenses:
Retail stores ⁽²⁾			360,102			28,793			—			388,895
Information technology			31,286			28,180			1,459			60,925
Warehousing and distribution			52,874			59,045			4,439			116,358
Advertising and marketing			52,771			70,761			3,102			126,634
Restructuring and other special charges, net			1,366			2,608			2,129			6,103
Other expenses ⁽³⁾			97,312			211,159			61,116			369,587
Operating earnings (loss)		$	123,838		$	145,459		$	(74,842)		$	194,455

Segment assets		$	770,848		$	862,404		$	171,494		$	1,804,746
Purchases of property and equipment		$	31,743		$	10,515		$	2,326		$	44,584
Capitalized software		$	743		$	—		$	4,291		$	5,034


	2022
		Famous			Brand			Eliminations
($ thousands)		Footwear			Portfolio			and Other			Total

Net sales ⁽¹⁾		$	1,705,093		$	1,322,772		$	(59,727)		$	2,968,138
Cost of goods sold			916,089			825,507			(58,331)			1,683,265
Gross Profit			789,004			497,265			(1,396)			1,284,873

Less expenses:
Retail stores ⁽²⁾			352,088			27,699			—			379,787
Information technology			28,100			26,331			1,781			56,212
Warehousing and distribution			54,056			57,337			5,192			116,585
Advertising and marketing			56,762			65,339			3,463			125,564
Restructuring and other special charges, net			—			—			2,910			2,910
Other expenses ⁽³⁾			102,161			208,214			79,113			389,488
Operating earnings (loss)		$	195,837		$	112,345		$	(93,855)		$	214,327

Segment assets		$	767,575		$	921,110		$	147,787		$	1,836,472
Purchases of property and equipment		$	41,755		$	4,170		$	9,988		$	55,913
Capitalized software		$	—		$	42		$	8,082		$	8,124

Reconciliation of operating earnings to earnings before income taxes



($ thousands)		2024			2023			2022
Operating earnings		$	149,856		$	194,455		$	214,327
Interest expense, net			(13,957)			(19,343)			(14,264)
Other income, net			(741)			6,210			12,971
Earnings before income taxes		$	135,158		$	181,322		$	213,034

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas


($ thousands)		2024			2023			2022
Net Sales
United States		$	2,532,717		$	2,624,474		$	2,763,896
East Asia			111,670			130,423			146,700
Canada			58,140			48,220			44,484
Other			20,156			14,177			13,058
Total net sales		$	2,722,683		$	2,817,294		$	2,968,138

Long-Lived Assets
United States		$	8,855,001		$	676,937		$	656,840
East Asia			140,929			11,805			11,614
Canada			113,060			6,601			10,441
Other			2,401			269			184
Total long-lived assets		$	9,111,391		$	695,612		$	679,079