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SEGMENT INFORMATION (Tables) | 3 Months Ended
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May 03, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting | The tables below present certain segment information for our reportable segments for the periods indicated:
| Thirteen Weeks Ended May 3, 2025
| The Children’s Place U.S. |  | The Children’s Place International (1) |  | Total
| (in thousands)
Net sales | $ | 221,767 |  | $ | 20,358 |  | $ | 242,125
Cost of sales (2) | 153,986 |  | 17,356 |  | 171,342
Selling, general, and administrative expenses (3) | 87,496 |  | 7,404 |  | 94,900
Segment operating loss | $ | (19,715) |  | $ | (4,402) |  | $ | (24,117)
Segment operating loss as a percentage of net sales | (8.9)% |  | (21.6)% |  | (10.0)%
| Thirteen Weeks Ended May 4, 2024
| The Children’s Place U.S. |  | The Children’s Place International (1) |  | Total
| (in thousands)
Net sales | $ | 246,188 |  | $ | 21,690 |  | $ | 267,878
Cost of sales (2) | 159,162 |  | 15,975 |  | 175,137
Selling, general, and administrative expenses (3) | 111,005 |  | 9,724 |  | 120,729
Segment operating loss | $ | (23,979) |  | $ | (4,009) |  | $ | (27,988)
Segment operating income (loss) as a percentage of net sales | (9.7)% |  | (18.5)% |  | (10.4)%
___________________________________________ (1)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. (2)Cost of sales includes the cost of inventory sold, certain buying, design, and distribution expenses, shipping and handling costs on merchandise sold directly to customers, and all occupancy costs, except for administrative office buildings. (3)Selling, general, and administrative expenses include store expenses, marketing, corporate payroll, including long-term incentive compensation, information technology, other administrative expenses, and depreciation and amortization. The table below presents a reconciliation of reportable segment operating loss to Loss before provision for income taxes:
| Thirteen Weeks Ended
| May 3, 2025 |  | May 4, 2024
| (in thousands)
Total segment operating loss | $ | (24,117) |  |  | $ | (27,988) |
Related party interest expense | (1,871) |  |  | (389) |
Other interest expense | (6,701) |  |  | (7,342) |
Interest income | 10 |  |  | 10 |
Loss before provision for income taxes | $ | (32,679) |  |  | $ | (35,709) |
Additional Segment Data
| Thirteen Weeks Ended |  |
| May 3, 2025 |  | May 4, 2024 |  |  |  |
| (in thousands)
Depreciation and amortization: |  |  |  |  |  |  |
The Children’s Place U.S. | $ | 7,656 |  |  | $ | 9,654 |  |  |  |  |
The Children’s Place International | 574 |  |  | 1,981 |  |  |  |  |
Total depreciation and amortization | $ | 8,230 |  |  | $ | 11,635 |  |  |  |  |
Capital expenditures: |  |  |  |  |  |  |
The Children’s Place U.S. | $ | 3,273 |  |  | $ | 4,678 |  |  |  |  |
The Children’s Place International | 140 |  |  | 16 |  |  |  |  |
Total capital expenditures | $ | 3,413 |  |  | $ | 4,694 |  |  |  |  |
Schedule of Disclosure on Geographic Areas |
| May 3, 2025 |  | February 1, 2025 |  | May 4, 2024
| (in thousands)
Total assets: |  |  |  |  |
The Children’s Place U.S. | $ | 739,736 |  |  | $ | 711,564 |  |  | $ | 807,625 |
The Children’s Place International | 39,866 |  |  | 35,988 |  |  | 40,710 |
Total assets | $ | 779,602 |  |  | $ | 747,552 |  |  | $ | 848,335 |
Long-lived assets: |  |  |  |  |
United States | $ | 264,293 |  |  | $ | 267,751 |  |  | $ | 326,152 |
Canada | 12,739 |  |  | 9,801 |  |  | 11,999 |
Asia | 1,961 |  |  | 1,996 |  |  | 572 |
Total long-lived assets (1) | $ | 278,993 |  |  | $ | 279,548 |  |  | $ | 338,723 |
___________________________________________ (1)The Company’s long-lived assets are comprised of net Property and equipment, ROU assets, Tradenames, and Other assets, and are recorded in the long-term assets section of the consolidated balance sheets.

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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