SEGMENT REPORTING

12 Months Ended

Jan. 28, 2023

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Company’s two operating segments are brand-based: Hollister, which includes the Company’s Hollister, Gilly Hicks and Social Tourist brands, and Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands. These operating segments have similar economic characteristics, classes of consumers, products, and production and distribution methods, operate in the same regulatory environments, and have been aggregated into one reportable segment. Amounts shown below include net sales from wholesale, franchise and licensing operations, which are not a significant component of total revenue, and are aggregated within their respective operating segment and geographic area.

The Company’s net sales by operating segment for Fiscal 2022, Fiscal 2021 and Fiscal 2020 were as follows:

(in thousands)	Fiscal 2022		Fiscal 2021		Fiscal 2020
Hollister	$	1,962,885	$	2,147,979	$	1,834,349
Abercrombie	1,734,866		1,564,789		1,291,035
Total	$	3,697,751	$	3,712,768	$	3,125,384

Net sales by geographic area are presented by attributing revenues to an individual country on the basis of the country in which the merchandise was sold for in-store purchases and on the basis of the shipping location provided by customers for digital orders. The Company’s net sales by geographic area for Fiscal 2022, Fiscal 2021 and Fiscal 2020 were as follows:

(in thousands)	Fiscal 2022		Fiscal 2021		Fiscal 2020
U.S.	$	2,758,294	$	2,652,158	$	2,127,403
EMEA	665,828		755,072		709,451
APAC	122,367		171,701		176,636
Other (1)	151,262		133,837		111,894
Total international	$	939,457	$	1,060,610	$	997,981
Total	$	3,697,751	$	3,712,768	$	3,125,384

(1) Other includes all sales that do not fall within the United States, EMEA, or APAC regions, which are derived primarily in Canada.

The Company’s long-lived assets and intellectual property, which primarily relates to trademark assets associated with the Company’s international operations, by geographic area as of January 28, 2023 and January 29, 2022 were as follows:

(in thousands)	January 28, 2023		January 29, 2022
U.S.	$	910,696	$	849,298
EMEA	317,712		272,348
APAC	49,771		83,830
Other (1)	18,685		23,599
Total international	$	386,168	$	379,777
Total	$	1,296,864	$	1,229,075

(1) Other includes amounts that do not fall within the United States, EMEA, or APAC regions, which are derived primarily in Canada.