v3.26.1
Financing Arrangements
 6 Months Ended
Aug. 01, 2026
Financing Arrangements [Abstract]  
Financing Arrangements
NOTE 4 – FINANCING ARRANGEMENTS:
On March
13,
2025, the
Company, as
borrower, and
certain
other domestic
subsidiaries, as
borrowers
and
guarantors, entered
into a
Credit Agreement
(the “ABL
Credit Agreement”)
and related
loan documents,
by
and
among
the
Company,
certain
other
of
the
Company’s
domestic
subsidiaries,
and
Wells
Fargo
Bank,
National Association,
as the
lender (the
“Lender”), to
establish an
asset-based revolving
credit facility
(the
“ABL
Facility”)
in
an
amount
up
to
$
35.0
million.
The
proceeds
from
the
ABL
Facility
may
be
used
to
provide funding for ongoing working capital
and general corporate purposes.
The
ABL
Credit
Agreement
is
committed
through
March 2028
and
is
secured
primarily
by
inventory
and
third-party
credit
card
receivables.
There
were
no
borrowings
outstanding
and
the
availability
under
the
facility
was
$
30.0
million
before
giving
effect
to
a
$
3.0
million
outstanding
letter
of
credit
that
reduced
borrowing availability
to $
27.0
million as
of August
1, 2026
and January
31, 2026.
The weighted
average
interest rate under the
credit facility was
zero
at August 1, 2026
and January 31, 2026
due to
no
outstanding
borrowings.