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Restructuring and Other Charges
3 Months Ended
Jul. 01, 2017
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges
Restructuring and Other Charges
On May 31, 2017, the Company announced that it plans to close between 100 and 125 of its full-price retail stores over the next two years, in order to improve the profitability of its retail store fleet ("Retail Fleet Optimization Plan"). Over this time period, the Company expects to incur approximately $100 - $125 million of one-time costs associated with these store closures. Collectively, the Company anticipates ongoing annual savings of approximately $60 million as a result of store closures and the lower depreciation and amortization expense as a result of the impairment charges recorded during Fiscal 2017.
During the three months ended July 1, 2017, the Company finalized plans to close ten of its retail stores under the Retail Fleet Optimization Plan. The related charges during the three months ended July 1, 2017 were not material.