v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Schedule of Information by Operating Segment
Summary information by operating segment was as follows (in thousands):
For the 13 Weeks Ended July 4, 2026
AmericasEuropeAsiaCorporateTotal
Net sales$96,706 $55,804 $56,836 $342 $209,688 
Cost of sales35,247 19,931 19,644 4,072 78,894 
   Gross profit$61,459 $35,873 $37,192 $(3,730)$130,794 
Marketing5,812 3,915 3,923 1,394 15,044 
Compensation and benefits14,813 16,537 6,848 24,577 62,775 
Depreciation and amortization478 508 349 919 2,254 
Other segment items (1)
13,013 7,432 6,433 20,643 47,521 
   Operating income (loss)$27,343 $7,481 $19,639 $(51,263)$3,200 
For the 13 Weeks Ended July 5, 2025
AmericasEuropeAsiaCorporateTotal
Net sales$95,751 $67,169 $57,415 $53 $220,388 
Cost of sales44,955 25,887 22,831 (14)93,659 
   Gross profit$50,796 $41,282 $34,584 $67 $126,729 
Marketing4,143 3,170 3,210 507 11,030 
Compensation and benefits14,507 18,833 8,394 26,603 68,337 
Depreciation and amortization689 671 386 1,148 2,894 
Other segment items (1)
12,525 (4,817)7,893 20,379 35,980 
   Operating income (loss)$18,932 $23,425 $14,701 $(48,570)$8,488 

For the 26 Weeks Ended July 4, 2026
AmericasEuropeAsiaCorporateTotal
Net sales$193,480 $127,311 $112,859 $799 $434,449 
Cost of sales73,672 46,284 42,446 6,549 168,951 
   Gross profit$119,808 $81,027 $70,413 $(5,750)$265,498 
Marketing10,288 8,590 7,576 2,994 29,448 
Compensation and benefits28,593 32,096 13,829 46,061 120,579 
Depreciation and amortization992 1,067 710 1,896 4,665 
Other segment items (1)
24,809 15,706 13,058 41,984 95,557 
   Operating income (loss)$55,126 $23,568 $35,240 $(98,685)$15,249 

For the 27 Weeks Ended July 5, 2025
AmericasEuropeAsiaCorporateTotal
Net sales$193,480 $144,502 $114,760 $939 $453,681 
Cost of sales85,975 55,089 42,739 157 183,960 
   Gross profit$107,505 $89,413 $72,021 $782 $269,721 
Marketing8,189 6,920 7,252 1,915 24,276 
Compensation and benefits30,059 36,708 17,118 58,144 142,029 
Depreciation and amortization1,419 1,488 1,001 2,355 6,263 
Other segment items (1)
24,676 4,118 16,690 49,927 95,411 
   Operating income (loss)$43,162 $40,179 $29,960 $(111,559)$1,742 
(1) Other segment items for each reportable segment include long-lived asset impairments, restructuring charges, facility costs, overhead expenses, fixed asset disposals and other operating costs.
Schedule of Net Sales for each Class of Similar Products
The following table reflects net sales for each class of similar products in the periods presented (in thousands, except percentage data):
For the 13 Weeks Ended July 4, 2026For the 13 Weeks Ended July 5, 2025
Net SalesPercentage of TotalNet SalesPercentage of Total
Watches:
    Traditional watches $175,746 83.8 %$178,446 81.0 %
    Smartwatches1,388 0.7 1,400 0.6 
Total watches$177,134 84.5 %$179,846 81.6 %
Leathers11,679 5.6 16,947 7.7 
Jewelry17,220 8.2 19,390 8.8 
Other3,655 1.7 4,205 1.9 
Total$209,688 100.0 %$220,388 100.0 %

For the 26 Weeks Ended July 4, 2026For the 27 Weeks Ended July 5, 2025
Net SalesPercentage of TotalNet SalesPercentage of Total
Watches:
    Traditional watches$364,477 83.9 %$363,076 80.0 %
    Smartwatches3,118 0.7 5,446 1.2 
Total watches$367,595 84.6 %$368,522 81.2 %
Leathers22,320 5.1 34,127 7.5 
Jewelry37,361 8.6 41,652 9.2 
Other7,173 1.7 9,380 2.1 
Total$434,449 100.0 %$453,681 100.0 %