v3.26.1
Goodwill and intangibles (Tables)
6 Months Ended
Aug. 01, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill by Reporting Unit
The following table summarizes the Company’s goodwill by reportable segment:
(in millions)North America
Balance at January 31, 2026 (1)
$428.4 
Acquisitions (2)
5.4 
Balance at August 1, 2026 (1)
$433.8 
(1)    The carrying amount of goodwill is presented net of accumulated impairment losses of $902.1 million as of August 1, 2026 and January 31, 2026.
(2)    The change in goodwill during the period is due to the acquisition of The Clear Cut on June 1, 2026 and is based on a preliminary purchase price allocation.
Intangible Asset, Finite-Lived
The following table provides additional detail regarding the composition of intangible assets and liabilities as of August 1, 2026, January 31, 2026 and August 2, 2025:
August 1, 2026January 31, 2026August 2, 2025
(in millions)Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Intangible assets, net:
Definite-lived intangible assets
$8.8 $(6.6)$2.2 $8.8 $(6.4)$2.4 $8.8 $(6.2)$2.6 
Indefinite-lived intangible assets (1)
264.7  264.7 284.0 — 284.0 288.9 — 288.9 
Total intangible assets, net
$273.5 $(6.6)$266.9 $292.8 $(6.4)$286.4 $297.7 $(6.2)$291.5 
Intangible liabilities, net
$ $ $ $(38.0)$38.0 $— $(38.0)$37.1 $(0.9)
(1)    The change in the indefinite-lived intangible asset balances during the periods presented was primarily due to the trade name impairment charges recorded during the second quarter of Fiscal 2027 as described above, as well as the fourth quarter of Fiscal 2026.
Intangible Asset, Indefinite-Lived
The following table provides additional detail regarding the composition of intangible assets and liabilities as of August 1, 2026, January 31, 2026 and August 2, 2025:
August 1, 2026January 31, 2026August 2, 2025
(in millions)Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Intangible assets, net:
Definite-lived intangible assets
$8.8 $(6.6)$2.2 $8.8 $(6.4)$2.4 $8.8 $(6.2)$2.6 
Indefinite-lived intangible assets (1)
264.7  264.7 284.0 — 284.0 288.9 — 288.9 
Total intangible assets, net
$273.5 $(6.6)$266.9 $292.8 $(6.4)$286.4 $297.7 $(6.2)$291.5 
Intangible liabilities, net
$ $ $ $(38.0)$38.0 $— $(38.0)$37.1 $(0.9)
(1)    The change in the indefinite-lived intangible asset balances during the periods presented was primarily due to the trade name impairment charges recorded during the second quarter of Fiscal 2027 as described above, as well as the fourth quarter of Fiscal 2026.