v3.26.1
Segment Reporting
 6 Months Ended
Aug. 01, 2026
Segment Reporting [Abstract]  
Segment Reporting

11. Segment Reporting

We identify our operating segments according to how our business activities are managed and evaluated. As of August 1, 2026, our operating segments included our United States operations, Canadian operations, European operations, and Australian operations. Our operating segments have been aggregated and are reported as one reportable segment based on the similar nature of products sold, production, merchandising and distribution processes involved, target customers and economic characteristics. We continually monitor and review our segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact our reportable segments.

 

We identified our Chief Executive Officer ("CEO") as our Chief Operating Decision Maker ("CODM") as the CEO allocates resources and evaluates the performance of our operating segments based on our key performance indicators as outlined in Part I, Item 2 of this Form 10-Q.

The CODM uses these measures to monitor trends in year over year performance comparisons, sequential quarter performance comparisons, compare actual results to forecasts and to make investment decisions. The following table is a summary of significant segment expenses and results of operations:
 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

August 1, 2026

 

 

 

August 2, 2025

 

 

 

August 1, 2026

 

 

 

August 2, 2025

 

Net sales

 

$

 

208,964

 

 

$

 

214,275

 

 

$

 

402,313

 

 

$

 

398,618

 

Product COGS (1)

 

 

 

86,976

 

 

 

 

90,219

 

 

 

 

170,215

 

 

 

 

170,895

 

Other COGS (2)

 

 

 

48,137

 

 

 

 

48,038

 

 

 

 

96,904

 

 

 

 

96,390

 

Gross profit

 

 

 

73,851

 

 

 

 

76,018

 

 

 

 

135,194

 

 

 

 

131,333

 

Store SG&A (3)

 

 

 

54,386

 

 

 

 

53,994

 

 

 

 

106,946

 

 

 

 

105,721

 

Corporate SG&A (4)

 

 

 

20,789

 

 

 

 

21,917

 

 

 

 

44,764

 

 

 

 

45,377

 

Operating (loss) profit

 

$

 

(1,324

)

 

$

 

107

 

 

$

 

(16,516

)

 

$

 

(19,765

)
(1)
Product Cost of Goods Sold ("COGS") consists of branded merchandise costs and our private label merchandise costs, including design, sourcing, importing, and inbound freight costs.
(2)
Other COGS consists of buying, occupancy, ecommerce fulfillment, distribution and warehousing costs (including associated depreciation), freight costs for store merchandise transfers, inventory shrinkage and impairment of operating lease right-of-use-assets.
(3)
Store Selling, general and administrative ("SG&A") consists of store personnel wages and benefits, freight costs for merchandise shipments from the distribution centers to the stores, store supplies, store depreciation, the cost of our website and supporting teams, and other costs allocated to the operations of our stores.
(4)
Corporate SG&A consists of administrative staff wages and benefits, information technology expenses, depreciation on fixed assets at the home office, facility expenses, impairment costs, training expenses, advertising and marketing costs.