v3.26.1
Segment Reporting
 6 Months Ended
Aug. 01, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our two reportable segments are the Retail segment and the Brand Portfolio segment. Beginning with the 2025 Form 10-K, we aggregated our previously reported U.S. Retail operating segment and Canada Retail operating segment into a single reportable segment, the Retail segment, due to the similar nature of their operations and economic characteristics. Prior period segment information has been recast to conform to the current reporting segment presentation. We have determined that the Chief Operating Decision Maker ("CODM") is our Chief Executive Officer.
The following tables provide certain financial data by segment reconciled to the condensed consolidated financial statements (total assets by segment are not presented in the table below as the CODM does not evaluate, manage, or measure segment performance using total assets):
(in thousands)Three months ended August 1, 2026Three months ended August 2, 2025
RetailBrand PortfolioTotalRetailBrand PortfolioTotal
Net sales:
External customer sales$671,062 $59,569 $730,631 $686,003 $53,759 $739,762 
Intersegment sales— 26,710 26,710 — 19,398 19,398 
Segment net sales671,062 86,279 757,341 686,003 73,157 759,160 
Elimination of intersegment net sales(26,710)(19,398)
Consolidated net sales$730,631 $739,762 
Less segment expenses:
Cost of sales, exclusive of expenses shown below(369,593)(60,586)(386,531)(55,089)
Store selling expenses(86,320)— (86,013)— 
Occupancy costs(76,976)(1,075)(75,501)(913)
Marketing(36,349)(5,180)(31,639)(3,959)
Distribution and fulfillment costs(13,718)(3,330)(13,970)(2,817)
Personnel overhead costs(14,390)(12,085)(12,337)(11,261)
Depreciation and amortization(9,068)(1,803)(9,133)(1,775)
Other expense items(1)
(2,621)(4,021)(2,170)(3,967)
Plus income from equity investment— 2,780 — 2,578 
Segment operating profit (loss)$62,027 $979 63,006 $68,709 $(4,046)64,663 
Net recognition of intersegment activity2,657 4,953 
Recoveries related to IEEPA tariff costs incurred(2)
35,536 — 
Corporate shared services costs(3)
(46,476)(42,007)
Impairment charges(3)
— (1,466)
Consolidated operating profit54,723 26,143 
Interest expense on debt and tariff sale financing transaction, net of interest income(25,385)(11,783)
Non-operating income (expenses), net1,244 (78)
Income before income taxes and loss from equity investment$30,582 $14,282 
Cash paid for segment property and equipment$9,882 $219 $10,101 $8,029 $399 $8,428 
(in thousands)Six months ended August 1, 2026Six months ended August 2, 2025
RetailBrand PortfolioTotalRetailBrand PortfolioTotal
Net sales:
External customer sales$1,297,746 $129,235 $1,426,981 $1,313,148 $113,523 $1,426,671 
Intersegment sales— 71,562 71,562 — 55,532 55,532 
Segment net sales1,297,746 200,797 1,498,543 1,313,148 169,055 1,482,203 
Elimination of intersegment net sales(71,562)(55,532)
Consolidated net sales$1,426,981 $1,426,671 
Less segment expenses:
Cost of sales, exclusive of expenses shown below(711,981)(136,227)(745,476)(124,961)
Store selling expenses(169,372)— (169,517)— 
Occupancy costs(152,461)(2,205)(149,213)(2,109)
Marketing(72,729)(9,330)(66,385)(7,757)
Distribution and fulfillment costs(26,945)(6,757)(26,271)(5,796)
Personnel overhead costs(28,034)(23,350)(25,699)(23,628)
Depreciation and amortization(18,345)(3,609)(18,153)(3,535)
Other expense items(1)
(4,574)(8,458)(3,752)(8,374)
Plus income from equity investment— 5,541 — 5,005 
Segment operating profit (loss)$113,305 $16,402 129,707 $108,682 $(2,100)106,582 
Net recognition (elimination) of intersegment activity(5,198)5,208 
Recoveries related to IEEPA tariff costs incurred(2)
35,536 — 
Corporate shared services costs(3)
(86,452)(89,135)
Impairment charges(3)
— (4,419)
Consolidated operating profit73,593 18,236 
Interest expense on debt and tariff sale financing transaction, net of interest income(35,510)(23,754)
Non-operating income (expenses), net1,239 (70)
Income (loss) before income taxes and loss from equity investment$39,322 $(5,588)
Cash paid for segment property and equipment$18,379 $755 $19,134 $13,904 $1,043 $14,947 

(1)     Other expense items include professional services fees, payment service fees, supplies, travel, and other administrative segment expenses.
(2)    Recoveries related to IEEPA tariff costs incurred were recognized as a reduction of cost of sales on the condensed consolidated statements of operations and were excluded from segment operating profit (loss) as such amounts were not included in the segment operating results provided to the CODM.
(3)    Corporate shared services costs and impairment charges are not attributed to any of our segments. Corporate shared services costs primarily relate to corporate administration, IT, finance, human resources, legal, real estate, and other shared services performing corporate-level activities. We also do not allocate amounts related to restructuring and integration charges (including severance).