During fiscal 2023, the Company began implementation of its targeted cost reductions, which were expected to be fully realized in fiscal 2025. In late fiscal 2025, additional cost optimization initiatives were identified and are expected to be fully realized in fiscal 2027. Expense savings are being derived across various areas of the Company, including retail store efficiencies, marketing expenses, information technology contracts, professional services, logistics and operational costs, and corporate payroll.


	Reportable Segment
	Direct		Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges	$	334	$	117	$	666	$	1,117

Total (1)	$	334	$	117	$	666	$	1,117


(1) Recorded within selling, general, and administrative ("SG&A") expenses

A summary of charges and related liabilities associated with the cost savings initiatives and severance charges are as follows (in thousands):


	Severance Charges and Cash Retention Payment Acceleration Charges (1)
Liability as of January 31, 2026	$	744
Fiscal 2027 charges	1,117
Cash payments	(522)

Liability as of May 2, 2026(1)	$	1,339

(1) Remaining liability is recorded within accrued employment costs


	Reportable Segment
	Direct		Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges	$	15	$	—	$	275	$	290

Total (1)	$	15	$	—	$	275	$	290

(1) Recorded within SG&A expenses

A summary of charges and related liabilities associated with the cost savings initiatives and severance charges are as follows (in thousands):


	Severance Charges and Cash Retention Payment Acceleration Charges (1)
Liability as of February 1, 2025	$	2,525
Fiscal 2026 charges	290
Cash payments	(2,230)

Liability as of May 3, 2025(1)	$	585

(1) Remaining liability is recorded within accrued employment costs