During the first quarter of fiscal 2025, management approved a plan to divest the Company’s operations in Canada and France. During the second quarter of fiscal 2025, the Company completed the sale of its Canadian subsidiary, Electronic Boutique Canada, Inc., which operated its Canadian retail stores and e-commerce business. Prior to the sale, the assets and liabilities of the Canadian operations were classified as held for sale in the Company’s condensed consolidated balance sheet as of May 3, 2025. Upon completion of the sale, those assets and liabilities were derecognized and are no longer reflected in held-for-sale balances in subsequent periods.

The Company continues to classify the assets and liabilities of its France operations as held for sale. Accordingly, as of May 2, 2026 and January 31, 2026, the assets and liabilities classified as held for sale relate solely to the France operations, while amounts as of May 3, 2025 include both the Canada and France operations. The components are as follows:


	May 2, 2026		May 3, 2025		January 31, 2026
Assets Held for Sale
Cash and cash equivalents	$	28.5	$	49.4	$	22.5
Marketable Securities	$	—	$	11.4	$	—
Receivables, net	7.3		6.7		8.7
Merchandise inventories, net	52.7		76.3		53.6
Prepaid expenses and other current assets	4.0		9.6		5.8
Property and equipment, net	12.7		13.7		12.9
Operating lease right-of-use-assets	57.7		79.8		58.3
Other noncurrent assets	14.9		14.8		15.3

Total assets held for sale (gross)	177.8		261.7		177.1
Less: Impairment loss	(25.4)		(35.5)		(30.6)
Total assets held for sale (net)	$	152.4	$	226.2	$	146.5

Liabilities held for sale
Current liabilities	$	93.8	$	140.3	$	86.4
Noncurrent liabilities	49.2		66.9		49.7
Total liabilities held for sale	$	143.0	$	207.2	$	136.1

Based on the estimated fair value of these businesses, less costs to sell, the Company recognized an impairment charge of $35.5 million on assets held for sale related to the French and Canadian disposal groups during the first quarter of fiscal 2025.

For fiscal 2025 and the first quarter of fiscal 2026, the Company recognized net impairment charges of $30.6 million and a net impairment reversal of $4.6 million, respectively, related to the French disposal group. These amounts reflect the remeasurement of the carrying value of the French disposal group to fair value, less costs to sell, and include the impact of adjustments previously recorded in Accumulated other comprehensive income.

As of May 2, 2026, the French disposal group included $152.4 million of Assets held for sale and $143.0 million of Liabilities held for sale. The Company expects to complete the sale of its France operations within the next twelve months. Assets and Liabilities classified as held for sale are presented separately in the condensed consolidated balance sheets.