v3.26.1
SEGMENTS (Tables)
6 Months Ended
Jul. 31, 2026
SEGMENTS  
Schedule of information regarding reportable segments

Three Months Ended July 31, 2026

  ​ ​ ​

Wholesale

  ​ ​ ​

Retail

  ​ ​ ​

Elimination (1)

  ​ ​ ​

Total

(In thousands)

Net sales

$

530,827

$

39,542

$

(16,276)

$

554,093

Cost of goods sold

300,448

(2)

19,540

(16,276)

303,712

Gross profit

230,379

20,002

250,381

Selling, general and administrative expenses:

Compensation

99,952

6,978

106,930

Facility fees

44,924

7,154

52,078

Advertising

18,200

3,106

21,306

Other segment items(3)

47,304

3,736

51,040

Total selling, general and administrative expenses

210,380

20,974

231,354

Depreciation and amortization

7,427

768

8,195

Operating profit (loss)

$

12,572

$

(1,740)

$

$

10,832

Three Months Ended July 31, 2025

  ​ ​ ​

Wholesale

  ​ ​ ​

Retail

  ​ ​ ​

Elimination (1)

  ​ ​ ​

Total

(In thousands)

Net sales

$

589,023

$

41,060

$

(16,817)

$

613,266

Cost of goods sold

360,047

19,565

(16,817)

362,795

Gross profit

228,976

21,495

250,471

Selling, general and administrative expenses:

Compensation

94,823

7,023

101,846

Facility fees

50,426

7,337

57,763

Advertising

21,039

3,094

24,133

Other segment items(3)

39,620

3,483

43,103

Total selling, general and administrative expenses

205,908

20,937

226,845

Depreciation and amortization

6,471

855

7,326

Operating profit (loss)

$

16,597

$

(297)

$

$

16,300

Six Months Ended July 31, 2026

  ​ ​ ​

Wholesale

  ​ ​ ​

Retail

  ​ ​ ​

Elimination (1)

  ​ ​ ​

Total

(In thousands)

Net sales

$

1,045,629

$

80,143

$

(35,717)

$

1,090,055

Cost of goods sold

487,004

(2)

40,641

(35,717)

491,928

Gross profit

558,625

39,502

598,127

Selling, general and administrative expenses:

Compensation

214,169

13,914

228,083

Facility fees

86,669

14,727

101,396

Advertising

50,313

6,263

56,576

Other segment items(3)

93,612

7,010

100,622

Total selling, general and administrative expenses

444,763

41,914

486,677

Depreciation and amortization

13,883

1,500

15,383

Asset impairments

Operating profit (loss)

$

99,979

$

(3,912)

$

$

96,067

Six Months Ended July 31, 2025

  ​ ​ ​

Wholesale

  ​ ​ ​

Retail

  ​ ​ ​

Elimination (1)

  ​ ​ ​

Total

(In thousands)

Net sales

$

1,151,671

$

77,435

$

(32,231)

$

1,196,875

Cost of goods sold

695,611

36,480

(32,231)

699,860

Gross profit

456,060

40,955

497,015

Selling, general and administrative expenses:

Compensation

191,696

14,292

205,988

Facility fees

95,912

14,724

110,636

Advertising

49,210

6,527

55,737

Other segment items(3)

78,801

7,178

85,979

Total selling, general and administrative expenses

415,619

42,721

458,340

Depreciation and amortization

12,163

1,736

13,899

Operating profit (loss)

$

28,278

$

(3,502)

$

$

24,776

(1)Represents intersegment sales to the Company’s retail operations segment.
(2)The wholesale operations segment includes reductions of $6.8 million and $126.4 million in cost of goods sold during the three and six months ended July 31, 2026, respectively, resulting from the tariff refund receivable. See Note 12 — IEEPA Tariff Refund.
(3)Other segment items include design and product development costs, professional fees, office expenses, freight and packaging, allowance for doubtful account charges and other selling, general and administrative expenses. Professional fees include expenses related to the Marc Jacobs transaction of $4.0 million and $7.4 million for the three and six months ended July 31, 2026, respectively.
Schedule of total net sales by licensed and proprietary product sales

Three Months Ended

Six Months Ended

  ​ ​ ​

July 31, 2026

  ​ ​ ​

July 31, 2025

  ​ ​ ​

July 31, 2026

  ​ ​ ​

July 31, 2025

(In thousands)

Licensed brands

$

176,953

$

246,114

$

339,914

$

445,174

Proprietary brands

353,874

342,909

705,715

706,497

Wholesale net sales

$

530,827

$

589,023

$

1,045,629

$

1,151,671

Proprietary brands

$

39,542

$

41,060

$

80,143

$

77,435

Retail net sales

$

39,542

$

41,060

$

80,143

$

77,435

Schedule of total assets for each reportable segments, as well as assets not allocated to a segment

  ​ ​ ​

July 31, 2026

  ​ ​ ​

July 31, 2025

  ​ ​ ​

January 31, 2026

(In thousands)

Wholesale

$

1,651,376

$

1,741,392

$

1,549,760

Retail

88,845

86,763

87,769

Corporate

1,011,626

862,826

973,291

Total assets

$

2,751,847

$

2,690,981

$

2,610,820