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Segment Information
6 Months Ended
Aug. 03, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: Europe, Americas Retail, Americas Wholesale, Asia and Licensing. The Company’s Europe, Americas Retail, Americas Wholesale and Licensing reportable segments are the same as their respective operating segments. Certain components of the Company’s Asia operating segment are separate operating segments based on region, which have been aggregated into the Asia reportable segment for disclosure purposes. On April 2, 2024, the Company completed the rag & bone acquisition and has integrated rag & bone into its existing segments for financial reporting purposes.
Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, asset impairment charges, net gains (losses) on lease modifications, separation charges, transaction costs, restructuring charges, gain on sale of assets and certain non-recurring credits (charges), if any. The Company believes this segment reporting reflects how its business segments are managed and how each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions.
Net revenue and earnings (loss) from operations are summarized (in thousands):
 Three Months EndedSix Months Ended
 Aug 3, 2024Jul 29, 2023Aug 3, 2024Jul 29, 2023
Net revenue:  
Europe$383,230 $366,311 $667,103 $646,509 
Americas Retail181,494 167,568 325,690 311,112 
Americas Wholesale84,404 43,680 146,532 95,073 
Asia54,332 58,937 127,088 129,712 
Licensing29,100 28,016 58,090 51,904 
Total net revenue
$732,560 $664,512 $1,324,503 $1,234,310 
Earnings (loss) from operations:  
Europe$37,394 $47,196 $36,955 $48,789 
Americas Retail2,693 15,261 (7,698)11,974 
Americas Wholesale15,980 11,065 30,107 24,158 
Asia(1,224)(539)2,517 3,291 
Licensing27,136 26,354 53,814 48,649 
Total segment earnings from operations
81,979 99,337 115,695 136,861 
Corporate overhead(45,707)(34,546)(98,170)(71,058)
Asset impairment charges1
(2,277)(2,622)(3,418)(4,556)
Net gains on lease modifications2
— 2,431 — 2,431 
Gain on sale of assets3
13,781 — 13,781 — 
Total earnings from operations$47,776 $64,600 $27,888 $63,678 
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Notes:
1During the three and six months ended August 3, 2024 and the three and six months ended July 29, 2023, the Company recognized asset impairment charges related primarily to impairment of property and equipment related to certain retail locations resulting from under-performance and expected store closures. Refer to Note 16 for more information regarding these asset impairment charges.
2During the three and six months ended July 29, 2023, the Company recorded net gains on lease modifications related primarily to the early termination of certain lease agreements.
3During three and six months ended August 3, 2024 the Company recorded a gain on the sale of assets related to the U.S. distribution center.
The below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Company’s customer is located (in thousands):
 Three Months EndedSix Months Ended
 Aug 3, 2024Jul 29, 2023Aug 3, 2024Jul 29, 2023
Net revenue:  
U.S.$200,987 $145,181 $343,839 $279,133 
Italy78,179 81,290 135,721 141,660 
Germany52,061 47,960 85,289 80,324 
South Korea30,823 34,901 79,691 82,490 
Spain39,884 40,119 70,116 69,355 
Canada32,587 37,636 61,890 70,210 
Mexico30,044 23,756 60,249 47,552 
Other countries238,895 225,653 429,618 411,682 
Total product sales703,460 636,496 1,266,413 1,182,406 
Net royalties29,100 28,016 58,090 51,904 
Net revenue$732,560 $664,512 $1,324,503 $1,234,310 
Due to the seasonal nature of the Company’s business segments, the above net revenue and operating results are not necessarily indicative of the results that may be expected for the full fiscal year.