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SEGMENTS (Tables)

9 Months Ended

Oct. 31, 2024

Schedule of information regarding reportable segments

The following segment information is presented for the three and nine month periods indicated below:


		Three Months Ended October 31, 2024
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	1,066,635		$	42,333		$	(22,209)		$	1,086,759
Cost of goods sold			656,659			20,178			(22,209)			654,628
Gross profit			409,976			22,155			—			432,131
Selling, general and administrative expenses			235,628			23,612			—			259,240
Depreciation and amortization			5,674			882			—			6,556
Operating profit (loss)		$	168,674		$	(2,339)		$	—		$	166,335


		Three Months Ended October 31, 2023
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	1,054,303		$	32,711		$	(19,904)		$	1,067,110
Cost of goods sold			636,961			16,640			(19,904)			633,697
Gross profit			417,342			16,071			—			433,413
Selling, general and administrative expenses			213,263			23,045			—			236,308
Depreciation and amortization			5,475			1,120			—			6,595
Asset impairments			222			—			—			222
Operating profit (loss)		$	198,382		$	(8,094)		$	—		$	190,288


		Nine Months Ended October 31, 2024
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	2,284,710		$	110,060		$	(53,509)		$	2,341,261
Cost of goods sold			1,374,544			53,328			(53,509)			1,374,363
Gross profit			910,166			56,732			—			966,898
Selling, general and administrative expenses			658,645			66,246			—			724,891
Depreciation and amortization			17,113			3,591			—			20,704
Operating profit (loss)		$	234,408		$	(13,105)		$	—		$	221,303


		Nine Months Ended October 31, 2023
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	2,280,391		$	97,268		$	(44,199)		$	2,333,460
Cost of goods sold			1,369,315			48,478			(44,199)			1,373,594
Gross profit			911,076			48,790			—			959,866
Selling, general and administrative expenses			633,841			69,635			—			703,476
Depreciation and amortization			16,247			2,883			—			19,130
Asset impairments			222			—			—			222
Operating profit (loss)		$	260,766		$	(23,728)		$	—		$	237,038

(1)Represents intersegment sales to the Company’s retail operations segment.

Schedule of total net sales by licensed and proprietary product sales

The total net sales by licensed and proprietary product sales for each of the Company’s reportable segments are as follows:


		Three Months Ended						Nine Months Ended
		October 31, 2024			October 31, 2023			October 31, 2024			October 31, 2023

		(In thousands)
Licensed brands		$	560,780		$	625,231		$	1,109,630		$	1,261,894
Proprietary brands			505,855			429,072			1,175,080			1,018,497
Wholesale net sales		$	1,066,635		$	1,054,303		$	2,284,710		$	2,280,391

Licensed brands		$	—		$	—		$	—		$	—
Proprietary brands			42,333			32,711			110,060			97,268
Retail net sales		$	42,333		$	32,711		$	110,060		$	97,268

Schedule of total net sales and long-lived assets by geographic region

The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows:


		October 31, 2024			October 31, 2023			January 31, 2024

		(In thousands)
Wholesale		$	1,611,042		$	1,700,179		$	1,562,203
Retail			115,505			120,080			104,272
Corporate			1,057,064			929,074			1,014,689
Total assets		$	2,783,611		$	2,749,333		$	2,681,164