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SEGMENTS (Tables)

6 Months Ended

Jul. 31, 2025

Schedule of information regarding reportable segments

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


		Three Months Ended July 31, 2025
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	589,023		$	41,060		$	(16,817)		$	613,266
Cost of goods sold			360,047			19,565			(16,817)			362,795
Gross profit			228,976			21,495			—			250,471
Selling, general and administrative expenses:
Compensation			94,823			7,023			—			101,846
Facility fees			50,426			7,337			—			57,763
Advertising			21,039			3,094			—			24,133
Other segment items⁽²⁾			39,620			3,483			—			43,103
Total selling, general and administrative expenses			205,908			20,937			—			226,845
Depreciation and amortization			6,471			855			—			7,326
Operating profit (loss)		$	16,597		$	(297)		$	—		$	16,300


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

		(In thousands)
Net sales		$	620,311		$	37,198		$	(12,754)		$	644,755
Cost of goods sold			364,658			16,977			(12,754)			368,881
Gross profit			255,653			20,221			—			275,874
Selling, general and administrative expenses:
Compensation			101,828			7,752			—			109,580
Facility fees			46,740			8,236			—			54,976
Advertising			22,524			2,209			—			24,733
Other segment items⁽²⁾			36,350			3,391			—			39,741
Total selling, general and administrative expenses			207,442			21,588			—			229,030
Depreciation and amortization			4,424			956			—			5,380
Operating profit (loss)		$	43,787		$	(2,323)		$	—		$	41,464


		Six Months Ended July 31, 2025
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	1,151,671		$	77,435		$	(32,231)		$	1,196,875
Cost of goods sold			695,611			36,480			(32,231)			699,860
Gross profit			456,060			40,955			—			497,015
Selling, general and administrative expenses:
Compensation			191,696			14,292			—			205,988
Facility fees			95,912			14,724			—			110,636
Advertising			49,210			6,527			—			55,737
Other segment items⁽²⁾			78,801			7,178			—			85,979
Total selling, general and administrative expenses			415,619			42,721			—			458,340
Depreciation and amortization			12,163			1,736			—			13,899
Operating profit (loss)		$	28,278		$	(3,502)		$	—		$	24,776


		Six Months Ended July 31, 2024
		Wholesale			Retail			Elimination ⁽¹⁾			Total

		(In thousands)
Net sales		$	1,218,075		$	67,727		$	(31,300)		$	1,254,502
Cost of goods sold			717,885			33,150			(31,300)			719,735
Gross profit			500,190			34,577			—			534,767
Selling, general and administrative expenses:
Compensation			202,060			15,266			—			217,326
Facility fees			92,732			16,419			—			109,151
Advertising			56,490			4,475			—			60,965
Other segment items⁽²⁾			71,735			6,474			—			78,209
Total selling, general and administrative expenses			423,017			42,634			—			465,651
Depreciation and amortization			11,438			2,710			—			14,148
Operating profit (loss)		$	65,735		$	(10,767)		$	—		$	54,968

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

(2)Other segment items include design and product development costs, professional fees, office expenses, freight and packaging and other selling, general and administrative expenses.

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						Six Months Ended
		July 31, 2025			July 31, 2024			July 31, 2025			July 31, 2024

		(In thousands)
Licensed brands		$	246,114		$	286,898		$	445,174		$	548,765
Proprietary brands			342,909			333,413			706,497			669,310
Wholesale net sales		$	589,023		$	620,311		$	1,151,671		$	1,218,075

Licensed brands		$	—		$	—		$	—		$	—
Proprietary brands			41,060			37,198			77,435			67,727
Retail net sales		$	41,060		$	37,198		$	77,435		$	67,727

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:


		July 31, 2025			July 31, 2024			January 31, 2025

		(In thousands)
Wholesale		$	1,741,392		$	1,719,733		$	1,508,111
Retail			86,763			116,831			97,226
Corporate			862,826			859,723			877,897
Total assets		$	2,690,981		$	2,696,287		$	2,483,234