Related Party Transactions |
6 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | NOTE 15. RELATED PARTY TRANSACTIONS
Majority Shareholder During the 13 and 26 weeks ended July 31, 2026 the Company paid legal fees of $3.5 million on behalf of the Company's majority shareholder, Edward S. Lampert and related funds, incurred in connection with the negotiation of the transactions (the “Transactions”) by and among the Company, Lands’ End Direct Merchants, Inc., a wholly owned subsidiary of the Company, WH Borrower, LLC, WHP Topco, L.P. and LEWHP LLC, a wholly owned indirect subsidiary of WHP Topco and the related joint venture which closed on April 1, 2026. This payment was reviewed and approved by the Audit Committee of the Company's Board of Directors. As the fees were incurred in connection with, and for the benefit of, the joint venture transaction, these amounts have been recorded in Other operating expense, net in the Company's Condensed Consolidated Statement of Operations for the 13 and 26 weeks ended July 31, 2026. Joint Venture LE Topco, LLC, the Company's joint venture formed with WHP Global, is considered a related party. During the 13 and 26 weeks ended July 31, 2026, Equity method investment income attributable to the JV was $4.2 million and $4.4 million, respectively. During the 13 and 26 weeks ended July 31, 2026, Royalty expense attributable to the JV was $15.4 million and $18.9 million, respectively. The Company received distributions of $2.4 million during the 13 and 26 weeks ended July 31, 2026. As of July 31, 2026, the Company had related party payables to the JV of $5.3 million recorded in Accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheets. |