v3.26.1
Property and Equipment, net
 6 Months Ended
Aug. 02, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
The following is a summary of property and equipment, net (in millions):

As of
August 2, 2026February 1, 2026
Furniture, fixtures and equipment$290.7 $267.8 
Computer equipment85.0 81.7 
Internal-use software321.9 282.4 
Leasehold improvements508.7 428.8 
Construction in progress16.2 20.0 
1,222.5 1,080.7 
Less: accumulated depreciation and amortization597.7 528.4 
Property and equipment, net$624.8 $552.3 

Internal-use software includes labor and license costs associated with software development for internal use and is amortized using the straight-line method over the estimated useful life of the software. The following is a summary of internal-use software, net (in millions):

As of
August 2, 2026February 1, 2026
Internal-use software$321.9 $282.4 
Less: accumulated amortization189.5166.0
Internal-use software, net$132.4 $116.4 

Construction in progress is stated at cost, which includes the cost of construction and other directly attributable costs. No provision for depreciation is made on construction in progress until the relevant assets are completed and put into use.

For the thirteen weeks ended August 2, 2026 and August 3, 2025, the Company recorded depreciation expense on property and equipment of $24.5 million and $21.7 million, respectively, and amortization expense related to internal-use software costs of $12.6 million and $10.4 million, respectively. For the twenty-six weeks ended August 2, 2026 and August 3, 2025, the Company recorded depreciation expense on property and equipment of $48.7 million and $41.4 million, respectively, and amortization expense related to internal-use software costs of $23.9 million and $20.5 million, respectively. The aforementioned depreciation and amortization expenses were included within selling, general and administrative expenses in the condensed consolidated statements of operations.