v3.26.1
Segment Reporting
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

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 single 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 Chief Executive Officer. 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

 

 

January 31, 2026

 

 

February 1, 2025

 

Net sales

$

596,549

 

 

$

610,857

 

Costs of goods sold (exclusive of depreciation and amortization)

 

186,804

 

 

$

181,001

 

Selling expenses

 

195,196

 

 

$

188,815

 

Marketing expenses

 

52,432

 

 

$

52,690

 

General and administrative expenses

 

77,772

 

 

$

82,090

 

Other segment items (a)

 

56,454

 

 

$

66,778

 

Net income and total comprehensive income

$

27,891

 

 

$

39,483

 

 

(a)
Other segment items represent the Company's OMS upgrade, management incentives, impairments of long-lived assets, loss on extinguishment of debt, loss on debt refinancing, interest expense, interest income, income taxes, and depreciation and amortization.

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.