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SEGMENT INFORMATION (Tables)

3 Months Ended

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.

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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-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

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X

- 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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-Name Accounting Standards Codification
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