Segment Reporting

12 Months Ended

Feb. 02, 2024

Segment Reporting [Abstract]

Segment Reporting

NOTE 13. SEGMENT REPORTING

During Fiscal 2023, the Company’s operating segments consisted of: U.S. eCommerce, Europe eCommerce, Outfitters, Third Party and Retail. During Fiscal 2022, the Company’s operating segments included Japan eCommerce. See Note 8, Lands’ End Japan Closure.

The Company determined that each of the operating segments have similar economic and other qualitative characteristics, thus the results of the operating segments are aggregated into one external reportable segment.

Landsʼ End identifies five separate distribution channels for revenue reporting purposes:

•U.S. eCommerce offers products through the Company’s eCommerce website.

•International offers products primarily to consumers located in Europe and through eCommerce international websites and third-party affiliates.

•Outfitters sells uniform and logo apparel to businesses and their employees, as well as to student households through school relationships, located primarily in the U.S.

•Third Party sells the same products as U.S. eCommerce but direct to consumers through third-party marketplace websites and through domestic wholesale relationships.

•Retail sells products through Company Operated stores.

Net revenue is presented by distribution channel in the following tables:

(in thousands)	Fiscal 2023		% of Net Revenue	Fiscal 2022		% of Net Revenue	Fiscal 2021		% of Net Revenue
U.S. eCommerce	$	930,314	63.2%	$	955,752	61.4%	$	1,027,138	62.8%
International (1)		112,855	7.7%		166,627	10.7%		220,997	13.5%
Outfitters		269,943	18.3%		265,898	17.1%		254,191	15.5%
Third Party		111,826	7.6%		118,996	7.7%		86,517	5.3%
Retail		47,570	3.2%		48,156	3.1%		47,781	2.9%
Total Net revenue	$	1,472,508		$	1,555,429		$	1,636,624

(1)Fiscal 2022 and Fiscal 2021 includes Net revenue of $32.7 million and $43.3 million, respectively, from the Japan eCommerce distribution channel. See Note 8, Lands’ End Japan Closure.

The geographical allocation of Net revenue is based upon where the product is shipped. The following presents summarized geographical information:

(in thousands)	Fiscal 2023		% of Net Revenue	Fiscal 2022		% of Net Revenue	Fiscal 2021		% of Net Revenue
United States	$	1,342,366	91.2%	$	1,368,518	88.0%	$	1,393,402	85.1%
Europe		114,778	7.8%		135,878	8.7%		179,302	11.0%
Asia (1)		569	0.0%		33,451	2.2%		44,383	2.7%
Other		14,795	1.0%		17,582	1.1%		19,537	1.2%
Total Net revenue	$	1,472,508		$	1,555,429		$	1,636,624

(1)Fiscal 2022 and Fiscal 2021 includes Net revenue of $32.7 million and $43.3 million, respectively, from the Japan eCommerce distribution channel. See Note 8, Lands’ End Japan Closure.

Other than the United States and Europe, no geographic region represented more than 10% of Net revenue.

Property and equipment, net by geographical location are as follows:

(in thousands)	Fiscal 2023		Fiscal 2022		Fiscal 2021
United States	$	111,254	$	120,311	$	121,259
Europe		6,588		7,051		7,879
Asia		191		276		653
Total long-lived assets	$	118,033	$	127,638	$	129,791

Other than the United States, no geographic region is greater than 10% of total Property and equipment, net.