BUSINESS SEGMENTS (Tables)

9 Months Ended

Apr. 27, 2019

Segment Reporting [Abstract]

Schedule of business segment information

(in thousands)	Wholesale			Other			Eliminations			Unallocated (Income)/Expenses		Consolidated
13-Week Period Ended April 27, 2019:
Net sales(1)	$	5,943,928		$	62,503		$	(43,811	)	$	—	$	5,962,620
Goodwill and asset impairment (adjustment) charges	(38,250		)	—			—			—		(38,250		)
Restructuring, acquisition, and integration related expenses	—			19,438			—			—		19,438
Operating income (loss)	131,888			(60,024		)	(2,183		)	—		69,681
Total other expense, net	—			—			—			44,934		44,934
Income (loss) from continuing operations before income taxes	—			—			—			—		24,747
Depreciation and amortization	63,348			8,439			—			—		71,787
Capital expenditures	56,655			161			—			—		56,816
Total assets of continuing operations	6,403,512			423,663			(40,618		)	—		6,786,557
13-Week Period Ended April 28, 2018:
Net sales	$	2,633,024		$	62,158		$	(46,303	)	$	—	$	2,648,879
Restructuring, acquisition, and integration related expenses	—			151			—			—		151
Operating income (loss)	86,633			(3,984		)	(492		)	—		82,157
Total other expense, net	—			—			—			4,323		4,323
Income (loss) from continuing operations before income taxes	—			—			—			—		77,834
Depreciation and amortization	21,261			472			—			—		21,733
Capital expenditures	13,694			417			—			—		14,111
Total assets of continuing operations	2,935,420			184,301			(40,875		)	—		3,078,846

(1) For the third quarter of fiscal 2019, the Company recorded $233.4 million within Net sales in its wholesale reportable segment attributable to discontinued operations inter-company product purchases from its Retail operating segment, which it expects will continue subsequent to the sale of certain retail banners.

(in thousands)	Wholesale			Other			Eliminations			Unallocated (Income)/Expenses		Consolidated
39-Week Period Ended April 27, 2019:
Net sales(1)	$	14,931,170		$	169,116		$	(120,304	)	$	—	$	14,979,982
Goodwill and asset impairment (adjustment) charges	332,621			—			—			—		332,621
Restructuring, acquisition, and integration related expenses	4			134,563			—			—		134,567
Operating income (loss)	(120,083		)	(233,961		)	(3,248		)	—		(357,292		)
Total other expense, net	—			—			—			98,689		98,689
Income (loss) from continuing operations before income taxes	—			—			—			—		(455,981		)
Depreciation and amortization	149,201			20,579			—			—		169,780
Capital expenditures	136,065			888			—			—		136,953
39-Week Period Ended April 28, 2018:
Net sales	$	7,592,352		$	175,083		$	(133,000	)	$	—	$	7,634,435
Goodwill and asset impairment (adjustment) charges	67			11,175			—			—		11,242
Restructuring, acquisition, and integration related expenses	—			151			—			—		151
Operating income (loss)	200,530			(25,124		)	2,062			—		177,468
Total other expense, net	—			—			—			10,755		10,755
Income (loss) from continuing operations before income taxes	—			—			—			—		166,713
Depreciation and amortization	64,237			1,745			—			—		65,982
Capital expenditures	27,297			2,349			—			—		29,646

(1) For the 39-week period ended April 27, 2019, the Company recorded $520.4 million within Net sales in its wholesale reportable segment attributable to discontinued operations inter-company product purchases from its Retail operating segment, which it expects will continue subsequent to the sale of certain retail banners.