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SEGMENT INFORMATION (Tables)

12 Months Ended

Feb. 03, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following tables provide segment level financial information for Fiscal 2023, Fiscal 2022, and Fiscal 2021:

			Fiscal Years Ended
			February 3, 2024						January 28, 2023						January 29, 2022
			(in thousands)
Net sales:
The Children’s Place U.S.			$	1,457,352					$	1,533,934					$	1,723,887
The Children’s Place International (1)			145,156						174,548						191,477
Total net sales			$	1,602,508					$	1,708,482					$	1,915,364
Operating income (loss):
The Children’s Place U.S.			$	(86,482)					$	(8,781)					$	253,419
The Children’s Place International			2,684						7,251						22,229
Total operating income (loss)			$	(83,798)					$	(1,530)					$	275,648

Operating income (loss) as a percentage of net sales:
The Children’s Place U.S.			(5.9)		%				(0.6)		%				14.7		%
The Children’s Place International			1.8		%				4.2		%				11.6		%
Total operating income (loss) as a percentage of net sales			(5.2)		%				(0.1)		%				14.4		%
Depreciation and amortization:
The Children’s Place U.S.			$	43,428					$	47,612					$	53,984
The Children’s Place International			3,758						3,852						4,433
Total depreciation and amortization			$	47,186					$	51,464					$	58,417
Capital expenditures:
The Children’s Place U.S.			$	27,462					$	44,970					$	28,551
The Children’s Place International			97						607						756
Total capital expenditures			$	27,559					$	45,577					$	29,307

____________________________________________

(1)Net sales from The Children’s Place International are primarily derived from Canadian operations. The Company’s foreign subsidiaries, primarily in Canada, have operating results based in foreign currencies and are thus subject to the fluctuations of the corresponding translation rates into U.S. dollars.

			February 3, 2024						January 28, 2023
			(in thousands)
Total assets:
The Children’s Place U.S.			$	758,003					$	922,120
The Children’s Place International			42,305						64,161
Total assets			$	800,308					$	986,281

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

The Company’s long-lived assets were located in the following countries:

						February 3, 2024						January 28, 2023
						(in thousands)
Long-lived assets (1):
United States						$	334,425					$	377,388
Canada						13,382						9,883
Asia						375						451
Total long-lived assets						$	348,182					$	387,722

____________________________________________

(1)The Company’s long-lived assets are comprised of net Property and equipment, ROU assets, Tradenames, and Other assets.

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

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-Name Accounting Standards Codification
-Topic 280
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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