Related-Party Transactions

3 Months Ended

May 04, 2024

Related Party Transactions [Abstract]

Related-Party Transactions

Related-Party Transactions

Preferred Growth Properties, LLC ("PGP")

The Company leases one store under a lease arrangement with PGP, a wholly owned subsidiary of Books-A-Million, Inc. ("BAMM"). One of our directors is an executive officer of BAMM. Minimum annual lease payments are $0.1 million, if not in co-tenancy, and the lease termination date is February 28, 2027. Minimum lease payments remaining under the lease at May 4, 2024 and April 29, 2023 were immaterial.

T.I.G. Management, LLC ("TIG")

TIG performs certain new store and store remodel construction for the Company and is 70% owned by a close relative of the Company's President and CEO. For the 13-weeks ended May 4, 2024 and April 29, 2023, payments to TIG for its services were $3.2 million and $2.4 million, respectively. The amount outstanding to TIG, included in accounts payable on our unaudited condensed consolidated balance sheets at May 4, 2024, February 3, 2024, and April 29, 2023, was immaterial.

Retail Security Gates, LLC ("RSG")

RSG provides specially manufactured store front security gates used in certain of our store locations and is 50% owned by a close relative of the Company's President and CEO. For the 13-weeks ended May 4, 2024 and April 29, 2023, payments to RSG were $0.5 million and $0.2 million, respectively. The amount outstanding to RSG, included in accounts payable on our unaudited condensed consolidated balance sheets at May 4, 2024, February 3, 2024 and April 29, 2023, was immaterial.