REVENUE (Notes) |
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| Revenue [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| REVENUE | REVENUE The Company generates revenue primarily from sales of finished products under its owned trademarks through its wholesale and retail operations and from licensing rights to its trademarks to third parties. Revenue is recognized upon the transfer of control of products or services to the Company’s customers in an amount that reflects the consideration to which it expects to be entitled in exchange for those products or services. Performance Obligations Under License Agreements As of August 2, 2026, the contractual minimum fees on the portion of all license agreements not yet satisfied totaled $1.2 billion, of which the Company expects to recognize $124.7 million as revenue during the remainder of 2026, $231.3 million in 2027 and $814.4 million thereafter. The Company has elected not to disclose the remaining performance obligations for license agreements that have an original expected term of one year or less and expected sales-based percentage fees for the portion of all license agreements not yet satisfied. Deferred Revenue Changes in deferred revenue, which primarily relate to customer loyalty programs, gift cards and license agreements for the twenty-six weeks ended August 2, 2026 and August 3, 2025 were as follows:
(1) Represents the amount of revenue recognized during the period that was included in the deferred revenue balance at the beginning of the period and does not contemplate revenue recognized from amounts deferred during the period. The amounts include $4.6 million and $7.0 million of revenue recognized during the thirteen weeks ended August 2, 2026 and August 3, 2025, respectively. The Company also had long-term deferred revenue liabilities included in other liabilities in its Consolidated Balance Sheets of $3.9 million, $4.7 million and $5.5 million as of August 2, 2026, February 1, 2026 and August 3, 2025, respectively. Please see Note 16, “Segment Data,” for information on the disaggregation of revenue by segment, distribution channel and brand.
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