| Property and Equipment |
Property and Equipment Property and equipment consists of the following (amounts in thousands) as of: | | | | | | | | | | | | | | | | | | | | | | | May 2, 2026 | | January 31, 2026 | | May 3, 2025 | | Leasehold improvements | | $ | 787,340 | | | $ | 777,207 | | | $ | 692,337 | | | Equipment and software | | 794,879 | | | 782,547 | | | 745,463 | | | Furniture and fixtures | | 480,128 | | | 473,990 | | | 439,776 | | | Construction in progress | | 49,736 | | | 29,758 | | | 62,099 | | | Building and land | | 11,964 | | | 11,964 | | | 16,010 | | | Total property and equipment | | 2,124,047 | | | 2,075,466 | | | 1,955,685 | | | Accumulated depreciation and amortization | | (1,521,279) | | | (1,491,363) | | | (1,404,501) | | | Property and equipment, net | | $ | 602,768 | | | $ | 584,103 | | | $ | 551,184 | |
Depreciation expense was $30.8 million and $30.2 million in the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively.
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