J.Jill, Inc. Segments Disclosure
12. Segment Reporting
Adoption of ASU 2023-07
In Fiscal Year 2024, the Company adopted ASU 2023-07, “Improvements to Reportable Segment Disclosures.” This ASU enhances the segment reporting disclosures provided in the Company’s annual and interim consolidated financial statements.
Operating Segments
The Company operates through two operating segments, Retail and Direct, based on the criteria used by the Chief Operating Decision Maker (“CODM”) to monitor performance and allocate resources. For reporting purposes, these operating segments have been aggregated into a reportable segment due to their similar economic characteristics and shared resources. The segment derives its revenues from the sale of apparel and accessory merchandise through the retail stores and website and catalog orders.
Performance Assessment and Resource Allocation
The Company’s CODM is the . To assess the performance of the Company, the CODM primarily uses net income to analyze shopping behaviors and allocate resources effectively to enhance sales and margins. Net income is integral to the annual budgeting and forecasting process, with monthly reviews of variances from actuals against plan and forecast when making
decisions on marketing spend, capital investments, and personnel. The accounting policies of the segment are the same as those described in the summary of significant accounting policies.
An extract of the financial information that is regularly provided to the CODM for the Company’s single reportable segment is listed below:
|
For the Fiscal Year Ended |
|
|||||||||
|
February 1, 2025 |
|
|
February 3, 2024 |
|
|
January 28, 2023 |
|
|||
Net sales |
$ |
610,857 |
|
|
$ |
608,043 |
|
|
$ |
618,528 |
|
Costs of goods sold (exclusive of depreciation and amortization) |
|
181,001 |
|
|
|
177,261 |
|
|
|
193,218 |
|
Selling expenses |
|
188,815 |
|
|
|
186,209 |
|
|
|
182,163 |
|
Marketing expenses |
|
52,690 |
|
|
|
51,639 |
|
|
|
51,389 |
|
General and administrative expenses |
|
82,090 |
|
|
|
80,696 |
|
|
|
82,319 |
|
Other segment items (a) |
|
66,778 |
|
|
|
76,037 |
|
|
|
67,264 |
|
Net Income and total comprehensive income |
$ |
39,483 |
|
|
$ |
36,201 |
|
|
$ |
42,175 |
|
Geographic Information
All of the Company’s identifiable assets are located in the United States, which is where the Company is domiciled. The Company has immaterial sales outside the United States. No customer represents more than 10% of total revenues for any period presented.
Want the next J.Jill, Inc. segments disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment J.Jill, Inc.'s next filing hits EDGAR. No credit card, your email never gets sold.
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.