v3.25.1
Segment Reporting
 3 Months Ended
May 03, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our three reportable segments, which are also operating segments, are the U.S. Retail segment, the Canada Retail segment, and
the Brand Portfolio segment. We have determined that the Chief Operating Decision Maker ("CODM") is our Chief Executive Officer.
The following table provides certain financial data by segment reconciled to the condensed consolidated financial statements (total assets by segment are not presented in the table below as the CODM does not evaluate, manage, or measure performance of segments using total assets):
(in thousands)U.S. RetailCanada RetailBrand PortfolioTotal
Three months ended May 3, 2025
Net sales:
External customer sales$573,240 $53,905 $59,764 $686,909 
Intersegment sales— — 36,134 36,134 
Segment net sales573,240 53,905 95,898 723,043 
Elimination of intersegment net sales(36,134)
Consolidated net sales$686,909 
Less segment expenses:
Cost of sales, exclusive of expenses shown below(330,444)(28,501)(69,227)
Store selling expenses(74,197)(9,307)— 
Occupancy costs(64,710)(9,002)(1,196)
Marketing(33,668)(1,078)(3,798)
Distribution and fulfillment costs(11,070)(1,231)(2,979)
Personnel overhead costs(10,353)(3,009)(12,367)
Depreciation and amortization(7,878)(1,142)(1,760)
Other expense items(1)
(1,312)(270)(4,407)
Plus income from equity investments— — 2,427 
Segment operating profit$39,608 $365 $2,591 42,564 
Net recognition of intersegment activity255 
Corporate shared service costs(2)
(47,128)
Impairment charges(2)
(2,953)
Consolidated operating loss(7,262)
Interest expense, net(11,868)
Non-operating income, net8 
Loss before income taxes$(19,122)
Cash paid for segment property and equipment$4,819 $1,056 $644 $6,519 
(in thousands)U.S. RetailCanada RetailBrand PortfolioTotal
Three months ended May 4, 2024
Net sales:
External customer sales$621,367 $55,512 $69,717 $746,596 
Intersegment sales— — 34,413 34,413 
Segment net sales621,367 55,512 104,130 781,009 
Elimination of intersegment net sales(34,413)
Consolidated net sales$746,596 
Less segment expenses:
Cost of sales, exclusive of expenses shown below(346,959)(29,138)(70,653)
Store selling expenses(77,572)(9,099)— 
Occupancy costs(65,168)(7,893)(1,716)
Marketing(35,272)(955)(8,360)
Distribution and fulfillment costs(10,635)(1,277)(2,591)
Personnel overhead costs(12,226)(2,814)(15,735)
Depreciation and amortization(8,059)(1,001)(1,674)
Other expense items(1)
(1,275)(167)(4,309)
Plus income from equity investments— — 2,864 
Segment operating profit$64,201 $3,168 $1,956 69,325 
Net elimination of intersegment activity(4,248)
Corporate shared service costs(2)
(55,695)
Consolidated operating profit9,382 
Interest expense, net(11,561)
Non-operating expenses, net(143)
Loss before income taxes$(2,322)
Cash paid for segment property and equipment$5,951 $2,116 $402 $8,469 

(1)     Other expense items include professional services fees, payment service fees, supplies, travel, and other administrative segment expenses.
(2)     Corporate shared services costs and impairment charges are not attributed to any of our segments. Corporate shared services costs primarily relate to corporate administration, IT, finance, human resources, legal, real estate, and other shared services performing corporate-level activities. We also do not allocate amounts related to restructuring and integration charges (including severance) and acquisition-related costs.