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Revenue (Tables)
6 Months Ended
Jul. 28, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregated of Revenue by Geographic Location

The Company’s revenue is disaggregated by distribution channel and geographic location. Revenue by distribution channel is presented in Note 13, Segment Reporting. Revenue by geographic location was:

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(in thousands)

 

July 28, 2023

 

 

July 29, 2022

 

 

July 28, 2023

 

 

July 29, 2022

 

Net revenue:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

296,653

 

 

$

310,151

 

 

$

577,057

 

 

$

565,425

 

Europe

 

 

23,305

 

 

 

29,311

 

 

 

49,182

 

 

 

65,440

 

Asia (1)

 

 

129

 

 

 

7,742

 

 

 

286

 

 

 

16,439

 

Other

 

 

3,276

 

 

 

3,974

 

 

 

6,396

 

 

 

7,539

 

Total Net revenue

 

$

323,363

 

 

$

351,178

 

 

$

632,921

 

 

$

654,843

 

(1)
The 13 weeks and 26 weeks ended July 29, 2022 includes Net revenue of $7.6 million and $16.1 million, respectively, from the Japan eCommerce distribution channel. See Note 9, Lands’ End Japan Closing.
Summary of Deferred Revenue The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer, which is reported in Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets, as

well as amounts recognized through Net revenue for each period presented. The majority of deferred revenue as of July 28, 2023 is expected to be recognized in Net revenue in the fiscal quarter ending October 27, 2023, as products are delivered to customers.

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(in thousands)

 

July 28, 2023

 

 

July 29, 2022

 

 

July 28, 2023

 

 

July 29, 2022

 

Deferred revenue beginning of period

 

$

6,019

 

 

$

6,074

 

 

$

7,484

 

 

$

8,560

 

Deferred revenue recognized in period

 

 

(5,805

)

 

 

(5,860

)

 

 

(7,270

)

 

 

(8,346

)

Revenue deferred in period

 

 

7,867

 

 

 

9,543

 

 

 

7,867

 

 

 

9,543

 

Deferred revenue end of period

 

$

8,081

 

 

$

9,757

 

 

$

8,081

 

 

$

9,757

 

Reconciliation of Gift Card Contract Liability The following table provides the reconciliation of the contract liability related to gift cards:

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(in thousands)

 

July 28, 2023

 

 

July 29, 2022

 

 

July 28, 2023

 

 

July 29, 2022

 

Balance as of beginning of period

 

$

34,222

 

 

$

32,015

 

 

$

33,029

 

 

$

33,070

 

Gift cards sold

 

 

13,171

 

 

 

17,042

 

 

 

28,786

 

 

 

31,670

 

Gift cards redeemed

 

 

(13,048

)

 

 

(17,245

)

 

 

(26,682

)

 

 

(32,713

)

Gift card breakage

 

 

(789

)

 

 

(368

)

 

 

(1,577

)

 

 

(583

)

Balance as of end of period

 

$

33,556

 

 

$

31,444

 

 

$

33,556

 

 

$

31,444