Our leasing portfolio includes lease arrangements for our corporate offices and fulfillment centers. Such leases generally have original lease terms between five years and eleven years, and often include one or more options to renew. We have not considered any of our renewal options reasonably certain to be exercised at lease commencement and do not have residual value guarantees associated with our leases.

As of August 1, 2026, the Company subleases certain office and warehouse space to third parties. These subleases have total original lease terms ranging from approximately one year to six years that will expire at various dates by fiscal year 2030.


(in thousands)	August 1, 2026
2027	$	23,927
2028	22,544
2029	9,170
2030	9,409
2031	6,922
Thereafter	3,267
Total undiscounted future minimum lease payments(1)	75,239
Less: imputed interest	6,894
Total discounted future minimum lease payments	$	68,345

(1) Total future minimum lease payments have not been reduced by minimum sublease income of approximately $8.7 million.

The weighted average remaining term for our leases as of August 1, 2026 and August 2, 2025 was 3.8 years and 4.4 years, respectively. The weighted average discount rate for our leases as of August 1, 2026 and August 2, 2025 was 5.1% and 5.2%, respectively.

On August 12, 2026, the Company entered into an amendment to its existing lease agreement for a fulfillment center, commencing in December 2026. The amended lease agreement extends the lease term by 61 months, with lease payments of $6.0 million in the first year. This amendment was entered into subsequent to August 1, 2026, and accordingly, no amounts related to this lease are reflected in the accompanying consolidated financial statements.


	For the Fiscal Year Ended
(in thousands)	August 1, 2026		August 2, 2025		August 3, 2024
Cash paid for amounts included in the measurement of operating lease liabilities	$	29,516	$	29,966	$	35,461
Operating lease right-of-use assets obtained in exchange for operating lease liabilities, net of impairments and other reductions (1)	—		—		(21,055)

(1) In fiscal 2024, the Company recorded an impairment charge related to a portion of its corporate office space of $16.6 million. Refer to Note 14 herein for additional information. In addition, in fiscal 2024, the Company entered into an early termination of its lease at our Dallas warehouse, resulting in removal of the right-of-use asset which was included in the $1.5 million loss on lease termination, recorded within selling, general, and administrative expenses on the consolidated statements of operations and comprehensive loss.

Operating lease cost is recorded on a straight-line basis over the lease term. For any impaired operating leases, the right-of-use asset is depreciated on a straight-line basis over the remaining lease term. Certain leases contain variable payments, which are expensed as incurred and not included in our operating lease right-of-use assets and operating lease liabilities. These amounts primarily include payments for maintenance, utilities, taxes, and insurance on our office and fulfillment center leases.

The components of our rent expense, which are recorded in selling, general, and administrative expense in the consolidated statement of operations and comprehensive loss, were as follows:


	For the Fiscal Year Ended
(in thousands)	August 1, 2026		August 2, 2025		August 3, 2024
Operating lease cost	$	16,315	$	18,206	$	26,949
Variable lease costs	7,165		7,253		8,807
Short-term lease costs	—		3		13
Operating lease impairment (1)	—		—		16,562
Loss on early termination	—		—		1,465
Sublease income	(8,889)		(9,044)		(8,216)
Total	$	14,591	$	16,418	$	45,580