v3.26.1
Inventories
 12 Months Ended
Jan. 31, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
The following table provides the components of the Company’s inventory as of January 31, 2026 and February 1, 2025:
(in millions)January 31, 2026February 1, 2025
Raw materials
$52.2 $56.3 
Merchandise inventories
1,887.9 1,881.0 
Total inventories
$1,940.1 $1,937.3 
The Company held $595.9 million of consignment inventory at January 31, 2026 (February 1, 2025: $601.5 million), which is not recorded on the consolidated balance sheets. The principal terms of the consignment agreements, which can generally be terminated by either party, are such that the Company can return any or all of the inventory to the relevant suppliers without financial or commercial penalties and the supplier can adjust the inventory costs prior to sale.
Inventory reserves
The following table provides the components of the Company’s inventory reserves for Fiscal 2026, Fiscal 2025 and Fiscal 2024:
(in millions)Fiscal 2026Fiscal 2025Fiscal 2024
Inventory reserve, beginning of period$20.4 $16.7 $27.7 
Charged to income
40.8 51.8 37.6 
Utilization (1)
(33.2)(48.1)(48.6)
Inventory reserve, end of period
$28.0 $20.4 $16.7 
(1)     Includes the impact of foreign exchange translation.