Restructuring and Other Special Charges |
3 Months Ended |
|---|---|
May 03, 2025 | |
| Restructuring and Other Special Charges | |
| Restructuring and Other Special Charges | Note 5 Restructuring and Other Special Charges In February 2025, the Company signed a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc. for $105 million, subject to customary adjustments. Stuart Weitzman has been an iconic global luxury women’s footwear brand for over 35 years. The acquisition, which is expected to close in the summer of 2025, is expected to be funded through the Company’s revolving credit agreement. The Company incurred legal and other related costs of approximately $0.6 million ($0.5 million on an after-tax basis) during the thirteen weeks ended May 3, 2025 associated with the acquisition of Stuart Weitzman. These costs are reflected in restructuring and other special charges in the condensed consolidated statement of earnings for the thirteen weeks ended May 3, 2025 in the Eliminations and Other category. The Company incurred no restructuring charges during the thirteen weeks ended May 4, 2024. |