Property and Equipment, net

12 Months Ended

Feb. 01, 2026

Property, Plant and Equipment [Abstract]

The following is a summary of property and equipment, net (in millions):


	As of
	February 1, 2026		February 2, 2025
Furniture, fixtures and equipment	$	267.8	$	208.3
Computer equipment	81.7		78.0
Internal-use software	282.4		230.0
Leasehold improvements	428.8		327.9
Construction in progress	20.0		130.1
	1,080.7		974.3
Less: accumulated depreciation and amortization	528.4		412.1
Property and equipment, net	$	552.3	$	562.2

Internal-use software includes labor and license costs associated with software development for internal use and is amortized using the straight-line method over the estimated useful life of the software. The following is a summary of internal-use software, net (in millions):


	As of
	February 1, 2026		February 2, 2025


Internal-use software	$	282.4	$	230.0



Less: accumulated amortization	166.0		125.1
Internal-use software, net	$	116.4	$	104.9

Construction in progress is stated at cost, which includes the cost of construction and other directly attributable costs. No provision for depreciation is made on construction in progress until the relevant assets are completed and put into use.

For Fiscal Year 2025, Fiscal Year 2024, and Fiscal Year 2023, the Company recorded depreciation expense on property and equipment of $87.2 million, $73.4 million, and $75.6 million, respectively, and amortization expense related to internal-use software costs of $41.7 million, $37.6 million, and $30.2 million, respectively. The aforementioned depreciation and amortization expenses were included within selling, general and administrative expenses in the consolidated statements of operations.