In June 2022, we announced a restructuring plan (the “2022 Restructuring Plan”) to reduce our future fixed and variable operating costs and allow us to centralize key capabilities, strengthen decision-making to drive efficiencies, and ensure we are allocating resources to our most critical priorities. In fiscal 2022 and 2023, in furtherance of and as an expansion of the 2022 Restructuring Plan, we reduced our employee workforce, impaired a portion of our corporate office space, and announced intended closures of certain fulfillment centers. In fiscal 2024, in furtherance of and as an expansion of the 2022 Restructuring Plan, we closed certain fulfillment centers, implemented an organizational realignment which eliminated certain styling leadership and corporate positions, revised our compensation model for Stylists, and impaired a portion of our corporate office space in the fourth quarter of fiscal 2024 due to change in the use of the space. In fiscal 2025, in furtherance of and as an expansion of the 2022 Restructuring Plan, we continued to implement an organizational realignment by eliminating certain corporate positions. In fiscal 2026, no additional restructuring charges related to the 2022 Restructuring Plan were recorded.

The components of total restructuring charges were as follows:


	For the Fiscal Year Ended
(in thousands)		August 1, 2026		August 2, 2025		August 3, 2024
Cash restructuring charges:
Severance and employee-related benefits (1)		$	—	$	1,163	$	10,065
Lease terminations (1)		—		—		1,466
Other (1)		—		58		3,090
Non-cash restructuring charges:
Asset impairments (1) (2)		—		—		19,283
Accelerated depreciation (1)		—		—		9,021

Other (1)		—		—		913
Total restructuring (1)		$	—	$	1,221	$	43,838

(1) Recorded in selling, general, and administrative expenses.

(2) Includes impairments of both operating lease right-of-use assets and property and equipment.

The following table provides the changes in the Company’s restructuring related liabilities, which are included within accounts payable and accrued liabilities on the consolidated balance sheets:


(in thousands)	Severance and Employee Related Benefits and Other
Balance at August 3, 2024	$	3,260
Charges incurred	1,221
Cash payments	(4,481)
Balance at August 2, 2025	$	—
Charges incurred	—
Cash payments	—
Balance at August 1, 2026	$	—