XML 40 R33.htm IDEA: XBRL DOCUMENT
v3.25.3

Impairment and Restructuring Charges (Tables) | 9 Months Ended
--- | ---
Nov. 01, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Impairment and Restructuring Charges | The following table represents impairment and restructuring charges recorded within impairment and restructuring on the Consolidated Statements of Operations during the 39 weeks ended November 1, 2025. There were no impairment and restructuring charges recorded for the 13 weeks ended November 1, 2025.
|  | 39 Weeks Ended |  |
|  | November 1, |  |
(In thousands) |  | 2025 |  |
Long-lived asset impairment charges (1) |  | $ | 15,274 |  |
Employee severance (2) |  |  | 1,845 |  |
Total impairment and restructuring charges |  | $ | 17,119 |  |
(1) The Company recorded $15.3 million of asset impairment charges primarily related to closing two fulfillment centers as part of its supply chain network optimization project. Of this amount, $10.4 million of charges relate to ROU assets and $4.9 million relates to property and equipment. (2) The Company recorded $1.8 million of employee severance, primarily related to closing two fulfillment centers. The following table represents impairment and restructuring charges recorded in the 13 and 39 weeks ended November 2, 2024.
|  | 13 and 39 Weeks Ended |
|  | November 2, |
(In thousands) |  | 2024 |
Corporate restructuring costs (1) |  |  | 10,729 |
Hong Kong retail operations impairment and restructuring costs (2) |  |  | 6,832 |
Total impairment and restructuring charges |  | $ | 17,561 |
(1) The Company recorded restructuring costs of $10.7 million related to employee severance during the 13 weeks ended November 2, 2024. (2) The Company recorded impairment and restructuring costs of $6.8 million related to the pending sale of its Hong Kong retail operations to a third party buyer during the 13 weeks ended November 2, 2024. These costs primarily consist of impairment of $6.4 million and employee severance.
Rollforward of Restructuring Liabilities Recognized in Consolidated Balance Sheets | A rollforward of the restructuring liabilities recognized in the Consolidated Balance Sheets is as follows:
|  | 39 Weeks Ended |  |
|  | November 1, |  |
(In thousands) |  | 2025 |  |
Accrued liability as of February 1, 2025 |  | $ | 7,650 |  |
Add: Costs incurred, excluding non-cash charges |  |  | 1,845 |  |
Less: Cash payments and adjustments |  |  | (8,674 | ) |
Accrued liability as of November 1, 2025 |  | $ | 821 |  |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration