INVENTORIES	3 Months Ended
Apr. 30, 2025
INVENTORIES
INVENTORIES	NOTE 3 – INVENTORIES Wholesale inventories, which comprise a significant portion of the Company’s inventory, are stated at the lower of cost (determined by the first-in, first-out method) or net realizable value. Retail and Vilebrequin inventories are stated at the lower of cost (determined by the weighted average method) or net realizable value. Substantially all of the Company’s inventories consist of finished goods. The inventory return asset, which consists of the amount of goods that are anticipated to be returned by customers, was $7.8 million, $11.3 million and $13.2 million as of April 30, 2025, April 30, 2024 and January 31, 2025, respectively. The inventory return asset is recorded within prepaid expenses and other current assets on the condensed consolidated balance sheets. Inventory held on consignment by the Company’s customers totaled $5.6 million, $10.3 million and $5.9 million at April 30, 2025, April 30, 2024 and January 31, 2025, respectively. The Company reflects this inventory on its condensed consolidated balance sheets.

INVENTORIES

3 Months Ended

Apr. 30, 2025

NOTE 3 – INVENTORIES

Wholesale inventories, which comprise a significant portion of the Company’s inventory, are stated at the lower of cost (determined by the first-in, first-out method) or net realizable value. Retail and Vilebrequin inventories are stated at the lower of cost (determined by the weighted average method) or net realizable value. Substantially all of the Company’s inventories consist of finished goods.

The inventory return asset, which consists of the amount of goods that are anticipated to be returned by customers, was $7.8 million, $11.3 million and $13.2 million as of April 30, 2025, April 30, 2024 and January 31, 2025, respectively. The inventory return asset is recorded within prepaid expenses and other current assets on the condensed consolidated balance sheets.

Inventory held on consignment by the Company’s customers totaled $5.6 million, $10.3 million and $5.9 million at April 30, 2025, April 30, 2024 and January 31, 2025, respectively. The Company reflects this inventory on its condensed consolidated balance sheets.