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Pay vs Performance Disclosure
 12 Months Ended
Feb. 03, 2024
USD ($)
Jan. 28, 2023
USD ($)
Jan. 29, 2022
USD ($)
Jan. 30, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive “compensation actually paid” (“CAP”) and the Company’s financial performance.
The following table sets forth information on CAP to our PEO (principal executive officer) and (on average) to our other NEOs
(“non-PEO
NEOs”) during the specified years alongside TSR and net income metrics, as well as the Company-selected measure of Comparable Sales. The Company selected Comparable Sales as the most important in linking CAP to our NEOs and Company performance, as this metric was used in our STIP, as described under “CDA—Elements of NEO Compensation—Annual Bonus under the Short-Term Incentive Plan (STIP)” above.
 
           
Average
Summary
Compensation
Table Total for
non-PEO

NEOs
 
  
Average
Compensation
Actually Paid
for
non-PEO

NEOs
 
  
Based on $100 initial
investment
        
 Fiscal
 Year
 
  
Summary
Compensation
Table Total
for CEO
 
  
Compensation
Actually Paid
to CEO
 
  
Total
Shareholder
Return
(1)
 
  
Peer Group
Total
Shareholder
Return
(1)
 
  
Net Income
(Loss)
 
  
Comparable
Sales
 
2024
    
$
9,043,869
    
$
(420,343
)
    
$
2,140,241
    
$
474,535
    
$
428.34
    
$
176.81
    
$
810,400,000
    
 
(11.6
)%
2023
    
$
11,029,154
    
$
(7,857,982
)
    
$
2,449,760
    
$
(941,633
)
    
$
320.87
    
$
153.74
    
$
376,700,000
    
 
(6.1
)%
2022
    
$
12,953,460
    
$
66,134,668
    
$
3,265,792
    
$
12,448,442
    
$
356.56
    
$
158.94
    
$
769,900,000
    
 
48.0
%
2021
    
$
12,184,594
    
$
29,748,584
    
$
2,781,338
    
$
6,343,711
    
$
168.34
    
$
119.68
    
$
(15,200,000
)
    
 
9.9
%
 
(1)
Peer group total shareholder return (“TSR”) reflects the Company’s peer group “S&P 500 Specialty Retail Index” as reflected in our Fiscal 2024 Annual Report on Form
10-K
pursuant to Item 201(e) of Regulation
S-K.
The amount for each year for Company and peer group TSR reflects what the cumulative value of $100 would be, including reinvestment of dividends, if the $100 was invested on February 1, 2020.
NEOs included in the above compensation columns include the following:
 
 Fiscal Year
   
CEO
   
Non-PEO
NEOs
2024
   
Virginia C. Drosos
   
Joan M. Hilson, Jamie L. Singleton, Rebecca Wooters, Oded Edelman
2023
   
Virginia C. Drosos
   
Joan M. Hilson, Jamie L. Singleton, Rebecca Wooters, Oded Edelman
2022
   
Virginia C. Drosos
   
Joan M. Hilson, Jamie L. Singleton, Rebecca Wooters, Oded Edelman
2021
   
Virginia C. Drosos
   
Joan M. Hilson, Jamie L. Singleton, Rebecca Wooters, Oded Edelman
Reconciliation of Summary Compensation Table Totals to CAP Totals
The following table reconciles the Summary Compensation Table Total amounts to CAP for each of the CEO and the average of the
non-PEO
NEOs.
 
    
Fiscal
Year
  
Summary
Compensation Table
Total
       
Value of Stock
Awards in
Summary
Compensation
Table Total
       
Value of Equity
Compensation
included in CAP
under SEC Rules
       
Compensation
Actually Paid
CEO
    
 
2024
    
$
9,043,869
    
 
-
    
$
7,514,588
    
 
+
    
$
(1,949,624
)
    
 
=
    
$
(420,343
) 
   
 
2023
    
$
11,029,154
    
 
-
    
$
8,908,930
    
 
+
    
$
(9,978,206
)
    
 
=
    
$
(7,857,982
)
   
 
2022
    
$
12,953,460
    
 
-
    
$
6,814,324
    
 
+
    
$
59,995,532
    
 
=
    
$
66,134,668
 
    
 
2021
    
$
12,184,594
    
 
-
    
$
6,145,991
    
 
+
    
$
23,709,981
    
 
=
    
$
29,748,584
Average
non-PEO
NEOs
    
 
2024
    
$
2,140,241
    
 
-
    
$
1,328,566
    
 
+
    
$
(337,140
)
    
 
=
    
$
474,535
   
 
2023
    
$
2,449,760
    
 
-
    
$
1,511,407
    
 
+
    
$
(1,879,987
)
    
 
=
    
$
(941,633
) 
   
 
2022
    
$
3,265,792
    
 
-
    
$
1,203,834
    
 
+
    
$
10,386,485
    
 
=
    
$
12,448,442
 
    
 
2021
    
$
2,781,338
    
 
-
    
$
1,032,718
    
 
+
    
$
4,595,090
    
 
=
    
$
6,343,711
The table below provides the following components of the value of equity compensation included in CAP for the periods indicated, determined in accordance with SEC methodology for this disclosure:
 
◆
  
F
or awards granted during the applicable fiscal year (and which were still outstanding as of the end
of
such fiscal year), the fiscal year end value;
 
 
◆
  
F
or awards granted during prior years that were still outstanding as of the applicable fiscal year end, the change in value as of the applicable fiscal year end compared to the prior fiscal year end;
 
◆
  
F
or awards granted in prior fiscal years that vested during the applicable fiscal year, the change in value as of the vesting date compared to the value as of the prior fiscal year end; and
 
◆
  
F
or any awards that vested during the applicable fiscal year, the value of any dividend equivalents that accrued during the vesting period with respect to those awards and were paid out at the same time as the underlying awards, as of the vesting date.
 
    
Fiscal
Year
  
Fiscal Year End Value
of Current Year
Awards Outstanding
as of Fiscal Year End
       
Change in Value as
of Fiscal Year End for
Prior Year Awards
Outstanding as of
Fiscal Year End
       
Change in Value
as of Vesting Date
for Awards that
Vested During
the Fiscal Year
       
Accrued Dividends
Paid for Awards
that Vested During
the Fiscal Year
       
Value of
Equity for
CAP
Purposes
CEO
    
 
2024
    
$
(143,939
) 
    
 
+
    
$
(598,316
) 
    
 
+
    
$
(1,207,369
)
    
 
+
    
$
—
    
 
=
    
$
(1,949,624
)
   
 
2023
    
$
546,793
    
 
+
    
$
(3,478,125
)
    
 
+
    
$
(7,046,874
)
    
 
+
    
$
—
    
 
=
    
$
(9,978,206
)
   
 
2022
    
$
11,043,563
    
 
+
    
$
20,998,966
    
 
+
    
$
27,857,495
    
 
+
    
$
95,508
    
 
=
    
$
59,995,532
 
    
 
2021
    
$
29,135,318
    
 
+
    
$
(4,260,334
)
    
 
+
    
$
(1,301,560
)
    
 
+
    
$
136,557
    
 
=
    
$
23,709,981
Average
non-PEO
NEOs
    
 
2024
    
$
(25,448
) 
    
 
+
    
$
(102,403
) 
    
 
+
    
$
(209,289
) 
    
 
+
    
$
—
    
 
=
    
$
(337,140
)
   
 
2023
    
$
95,271
    
 
+
    
$
(584,807
)
    
 
+
    
$
(1,390,450
)
    
 
+
    
$
—
    
 
=
    
$
(1,879,987
)
   
 
2022
    
$
1,956,329
    
 
+
    
$
5,549,224
    
 
+
    
$
2,876,577
    
 
+
    
$
4,355
    
 
=
    
$
10,386,485
 
    
 
2021
    
$
4,949,043
    
 
+
    
$
(377,682
)
    
 
+
    
$
19,626
    
 
+
    
$
4,103
    
 
=
    
$
4,595,090
Fair value or change in fair value, as applicable, of equity awards was determined for RSU and RSA awards based on the closing stock price on the last business day of the applicable fiscal year or, in the case of the vesting dates, the actual stock price on the vesting date compared to values from the beginning of such fiscal year based on the closing stock price on the first business day of such fiscal year. For PSU awards, the same stock price methodology was utilized, and performance achievement was applied based on the probability of achievement as previously disclosed at the end of each fiscal year. For amounts based on fiscal year end stock prices, the following prices were used: Fiscal 2024 price of $100.27 (31.6% change from the beginning of the year), Fiscal 2023 price of $76.00 ((11.8)% change from the beginning of the year), Fiscal 2022 price of $85.44 (105.4% change from the beginning of the year), and Fiscal 2021 price of $40.62 (68.3% change from the beginning of the year).
     
Company Selected Measure Name Comparable Sales      
Named Executive Officers, Footnote
 
 Fiscal Year
   
CEO
   
Non-PEO
NEOs
2024
   
Virginia C. Drosos
   
Joan M. Hilson, Jamie L. Singleton, Rebecca Wooters, Oded Edelman
2023
   
Virginia C. Drosos
   
Joan M. Hilson, Jamie L. Singleton, Rebecca Wooters, Oded Edelman
2022
   
Virginia C. Drosos
   
Joan M. Hilson, Jamie L. Singleton, Rebecca Wooters, Oded Edelman
2021
   
Virginia C. Drosos
   
Joan M. Hilson, Jamie L. Singleton, Rebecca Wooters, Oded Edelman
      
Peer Group Issuers, Footnote Peer group total shareholder return (“TSR”) reflects the Company’s peer group “S&P 500 Specialty Retail Index” as reflected in our Fiscal 2024 Annual Report on Form
10-K
pursuant to Item 201(e) of Regulation
S-K.
The amount for each year for Company and peer group TSR reflects what the cumulative value of $100 would be, including reinvestment of dividends, if the $100 was invested on February 1, 2020. 		     
PEO Total Compensation Amount $ 9,043,869 $ 11,029,154 $ 12,953,460 $ 12,184,594
PEO Actually Paid Compensation Amount $ (420,343) (7,857,982) 66,134,668 29,748,584
Adjustment To PEO Compensation, Footnote
Reconciliation of Summary Compensation Table Totals to CAP Totals
The following table reconciles the Summary Compensation Table Total amounts to CAP for each of the CEO and the average of the
non-PEO
NEOs.
 
    
Fiscal
Year
  
Summary
Compensation Table
Total
       
Value of Stock
Awards in
Summary
Compensation
Table Total
       
Value of Equity
Compensation
included in CAP
under SEC Rules
       
Compensation
Actually Paid
CEO
    
 
2024
    
$
9,043,869
    
 
-
    
$
7,514,588
    
 
+
    
$
(1,949,624
)
    
 
=
    
$
(420,343
) 
   
 
2023
    
$
11,029,154
    
 
-
    
$
8,908,930
    
 
+
    
$
(9,978,206
)
    
 
=
    
$
(7,857,982
)
   
 
2022
    
$
12,953,460
    
 
-
    
$
6,814,324
    
 
+
    
$
59,995,532
    
 
=
    
$
66,134,668
 
    
 
2021
    
$
12,184,594
    
 
-
    
$
6,145,991
    
 
+
    
$
23,709,981
    
 
=
    
$
29,748,584
Average
non-PEO
NEOs
    
 
2024
    
$
2,140,241
    
 
-
    
$
1,328,566
    
 
+
    
$
(337,140
)
    
 
=
    
$
474,535
   
 
2023
    
$
2,449,760
    
 
-
    
$
1,511,407
    
 
+
    
$
(1,879,987
)
    
 
=
    
$
(941,633
) 
   
 
2022
    
$
3,265,792
    
 
-
    
$
1,203,834
    
 
+
    
$
10,386,485
    
 
=
    
$
12,448,442
 
    
 
2021
    
$
2,781,338
    
 
-
    
$
1,032,718
    
 
+
    
$
4,595,090
    
 
=
    
$
6,343,711
The table below provides the following components of the value of equity compensation included in CAP for the periods indicated, determined in accordance with SEC methodology for this disclosure:
 
◆
  
F
or awards granted during the applicable fiscal year (and which were still outstanding as of the end
of
such fiscal year), the fiscal year end value;
 
 
◆
  
F
or awards granted during prior years that were still outstanding as of the applicable fiscal year end, the change in value as of the applicable fiscal year end compared to the prior fiscal year end;
 
◆
  
F
or awards granted in prior fiscal years that vested during the applicable fiscal year, the change in value as of the vesting date compared to the value as of the prior fiscal year end; and
 
◆
  
F
or any awards that vested during the applicable fiscal year, the value of any dividend equivalents that accrued during the vesting period with respect to those awards and were paid out at the same time as the underlying awards, as of the vesting date.
 
    
Fiscal
Year
  
Fiscal Year End Value
of Current Year
Awards Outstanding
as of Fiscal Year End
       
Change in Value as
of Fiscal Year End for
Prior Year Awards
Outstanding as of
Fiscal Year End
       
Change in Value
as of Vesting Date
for Awards that
Vested During
the Fiscal Year
       
Accrued Dividends
Paid for Awards
that Vested During
the Fiscal Year
       
Value of
Equity for
CAP
Purposes
CEO
    
 
2024
    
$
(143,939
) 
    
 
+
    
$
(598,316
) 
    
 
+
    
$
(1,207,369
)
    
 
+
    
$
—
    
 
=
    
$
(1,949,624
)
   
 
2023
    
$
546,793
    
 
+
    
$
(3,478,125
)
    
 
+
    
$
(7,046,874
)
    
 
+
    
$
—
    
 
=
    
$
(9,978,206
)
   
 
2022
    
$
11,043,563
    
 
+
    
$
20,998,966
    
 
+
    
$
27,857,495
    
 
+
    
$
95,508
    
 
=
    
$
59,995,532
 
    
 
2021
    
$
29,135,318
    
 
+
    
$
(4,260,334
)
    
 
+
    
$
(1,301,560
)
    
 
+
    
$
136,557
    
 
=
    
$
23,709,981
Average
non-PEO
NEOs
    
 
2024
    
$
(25,448
) 
    
 
+
    
$
(102,403
) 
    
 
+
    
$
(209,289
) 
    
 
+
    
$
—
    
 
=
    
$
(337,140
)
   
 
2023
    
$
95,271
    
 
+
    
$
(584,807
)
    
 
+
    
$
(1,390,450
)
    
 
+
    
$
—
    
 
=
    
$
(1,879,987
)
   
 
2022
    
$
1,956,329
    
 
+
    
$
5,549,224
    
 
+
    
$
2,876,577
    
 
+
    
$
4,355
    
 
=
    
$
10,386,485
 
    
 
2021
    
$
4,949,043
    
 
+
    
$
(377,682
)
    
 
+
    
$
19,626
    
 
+
    
$
4,103
    
 
=
    
$
4,595,090
     
Non-PEO NEO Average Total Compensation Amount $ 2,140,241 2,449,760 3,265,792 2,781,338
Non-PEO NEO Average Compensation Actually Paid Amount $ 474,535 (941,633) 12,448,442 6,343,711
Adjustment to Non-PEO NEO Compensation Footnote
Reconciliation of Summary Compensation Table Totals to CAP Totals
The following table reconciles the Summary Compensation Table Total amounts to CAP for each of the CEO and the average of the
non-PEO
NEOs.
 
    
Fiscal
Year
  
Summary
Compensation Table
Total
       
Value of Stock
Awards in
Summary
Compensation
Table Total
       
Value of Equity
Compensation
included in CAP
under SEC Rules
       
Compensation
Actually Paid
CEO
    
 
2024
    
$
9,043,869
    
 
-
    
$
7,514,588
    
 
+
    
$
(1,949,624
)
    
 
=
    
$
(420,343
) 
   
 
2023
    
$
11,029,154
    
 
-
    
$
8,908,930
    
 
+
    
$
(9,978,206
)
    
 
=
    
$
(7,857,982
)
   
 
2022
    
$
12,953,460
    
 
-
    
$
6,814,324
    
 
+
    
$
59,995,532
    
 
=
    
$
66,134,668
 
    
 
2021
    
$
12,184,594
    
 
-
    
$
6,145,991
    
 
+
    
$
23,709,981
    
 
=
    
$
29,748,584
Average
non-PEO
NEOs
    
 
2024
    
$
2,140,241
    
 
-
    
$
1,328,566
    
 
+
    
$
(337,140
)
    
 
=
    
$
474,535
   
 
2023
    
$
2,449,760
    
 
-
    
$
1,511,407
    
 
+
    
$
(1,879,987
)
    
 
=
    
$
(941,633
) 
   
 
2022
    
$
3,265,792
    
 
-
    
$
1,203,834
    
 
+
    
$
10,386,485
    
 
=
    
$
12,448,442
 
    
 
2021
    
$
2,781,338
    
 
-
    
$
1,032,718
    
 
+
    
$
4,595,090
    
 
=
    
$
6,343,711
The table below provides the following components of the value of equity compensation included in CAP for the periods indicated, determined in accordance with SEC methodology for this disclosure:
 
◆
  
F
or awards granted during the applicable fiscal year (and which were still outstanding as of the end
of
such fiscal year), the fiscal year end value;
 
 
◆
  
F
or awards granted during prior years that were still outstanding as of the applicable fiscal year end, the change in value as of the applicable fiscal year end compared to the prior fiscal year end;
 
◆
  
F
or awards granted in prior fiscal years that vested during the applicable fiscal year, the change in value as of the vesting date compared to the value as of the prior fiscal year end; and
 
◆
  
F
or any awards that vested during the applicable fiscal year, the value of any dividend equivalents that accrued during the vesting period with respect to those awards and were paid out at the same time as the underlying awards, as of the vesting date.
 
    
Fiscal
Year
  
Fiscal Year End Value
of Current Year
Awards Outstanding
as of Fiscal Year End
       
Change in Value as
of Fiscal Year End for
Prior Year Awards
Outstanding as of
Fiscal Year End
       
Change in Value
as of Vesting Date
for Awards that
Vested During
the Fiscal Year
       
Accrued Dividends
Paid for Awards
that Vested During
the Fiscal Year
       
Value of
Equity for
CAP
Purposes
CEO
    
 
2024
    
$
(143,939
) 
    
 
+
    
$
(598,316
) 
    
 
+
    
$
(1,207,369
)
    
 
+
    
$
—
    
 
=
    
$
(1,949,624
)
   
 
2023
    
$
546,793
    
 
+
    
$
(3,478,125
)
    
 
+
    
$
(7,046,874
)
    
 
+
    
$
—
    
 
=
    
$
(9,978,206
)
   
 
2022
    
$
11,043,563
    
 
+
    
$
20,998,966
    
 
+
    
$
27,857,495
    
 
+
    
$
95,508
    
 
=
    
$
59,995,532
 
    
 
2021
    
$
29,135,318
    
 
+
    
$
(4,260,334
)
    
 
+
    
$
(1,301,560
)
    
 
+
    
$
136,557
    
 
=
    
$
23,709,981
Average
non-PEO
NEOs
    
 
2024
    
$
(25,448
) 
    
 
+
    
$
(102,403
) 
    
 
+
    
$
(209,289
) 
    
 
+
    
$
—
    
 
=
    
$
(337,140
)
   
 
2023
    
$
95,271
    
 
+
    
$
(584,807
)
    
 
+
    
$
(1,390,450
)
    
 
+
    
$
—
    
 
=
    
$
(1,879,987
)
   
 
2022
    
$
1,956,329
    
 
+
    
$
5,549,224
    
 
+
    
$
2,876,577
    
 
+
    
$
4,355
    
 
=
    
$
10,386,485
 
    
 
2021
    
$
4,949,043
    
 
+
    
$
(377,682
)
    
 
+
    
$
19,626
    
 
+
    
$
4,103
    
 
=
    
$
4,595,090
     
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid versus Total Shareholder Return
 
 
LOGO
     
Compensation Actually Paid vs. Net Income
Compensation Actually Paid versus Net Income (Loss)
 
 
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid versus Comparable Sales
 
 
LOGO
     
Total Shareholder Return Vs Peer Group
Compensation Actually Paid versus Total Shareholder Return
 
 
LOGO
     
Tabular List, Table
Most Important Measures Linking CAP During Fiscal 2024 to Company Performance
The following table discloses the most important measures used by the Company to link CAP to our NEOs
to
Fiscal 2024 performance. For further information regarding these performance metrics and their function in our executive compensation program, see the CDA section above.
 
Most Important Measures
Comparable Sales
   
Adjusted Operating Income
   
U.S. Market Share
   
Free Cash Flow
   
Revenue
  		     
Total Shareholder Return Amount $ 428.34 320.87 356.56 168.34
Peer Group Total Shareholder Return Amount 176.81 153.74 158.94 119.68
Net Income (Loss) $ 810,400,000 $ 376,700,000 $ 769,900,000 $ (15,200,000)
Company Selected Measure Amount (0.116) (0.061) 0.48 0.099
PEO Name Virginia C. Drosos      
Measure:: 1        
Pay vs Performance Disclosure        
Name Comparable Sales      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Operating Income      
Measure:: 3        
Pay vs Performance Disclosure        
Name U.S. Market Share      
Measure:: 4        
Pay vs Performance Disclosure        
Name Free Cash Flow      
Measure:: 5        
Pay vs Performance Disclosure        
Name Revenue      
PEO | Value of Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 7,514,588 $ 8,908,930 $ 6,814,324 $ 6,145,991
PEO | Value of Equity Compensation Included in CAP [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,949,624) (9,978,206) 59,995,532 23,709,981
PEO | Value of Current Year Awards Outstanding [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (143,939) 546,793 11,043,563 29,135,318
PEO | Change in Value as of Prior Year Awards Outstanding [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (598,316) (3,478,125) 20,998,966 (4,260,334)
PEO | Change in Value as of Vesting Date for Awards that Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,207,369) (7,046,874) 27,857,495 (1,301,560)
PEO | Accrued Dividends Paid for Awards that Vested During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     95,508 136,557
Non-PEO NEO | Value of Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,328,566 1,511,407 1,203,834 1,032,718
Non-PEO NEO | Value of Equity Compensation Included in CAP [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (337,140) (1,879,987) 10,386,485 4,595,090
Non-PEO NEO | Value of Current Year Awards Outstanding [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (25,448) 95,271 1,956,329 4,949,043
Non-PEO NEO | Change in Value as of Prior Year Awards Outstanding [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (102,403) (584,807) 5,549,224 (377,682)
Non-PEO NEO | Change in Value as of Vesting Date for Awards that Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (209,289) $ (1,390,450) 2,876,577 19,626
Non-PEO NEO | Accrued Dividends Paid for Awards that Vested During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     $ 4,355 $ 4,103