INVENTORIES

12 Months Ended

Feb. 03, 2024

Inventories, Net [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES

Inventories consisted of:

(in thousands)	February 3, 2024		January 28, 2023
Inventories at original cost	$	500,020	$	541,299
Less: Lower of cost and net realizable value adjustment	(30,554)		(35,678)
Inventories (1)	$	469,466	$	505,621

(1)     Included $103.5 million and $93.7 million of inventory in transit, merchandise owned by the Company that has not yet been received at a Company DC, as of February 3, 2024 and January 28, 2023, respectively.

A summary of the Company’s vendors based on location and the percentage of cost of merchandise receipts during Fiscal 2023, Fiscal 2022 and Fiscal 2021 follows:

	% of Total Company Merchandise Receipts (1)
Location	Fiscal 2023		Fiscal 2022		Fiscal 2021
Vietnam	34	%	33	%	36	%
Cambodia	19		17		16
India	12		9		6
China (2)	9		13		14
Other (3)	26		28		28
Total	100	%	100	%	100	%

(1)    Calculated as the cost of merchandise receipts from all vendors within a country during the respective fiscal year divided by cost of total merchandise receipts during the respective fiscal year.

(2)    Only a portion of the Company’s total merchandise sourced from China is subject to the additional U.S. tariffs on imported consumer goods that were effective beginning in Fiscal 2019. The Company estimates approximately 7%, 9% and 9% of total merchandise receipts were directly imported to the United States from China in Fiscal 2023, Fiscal 2022 and Fiscal 2021, respectively.

(3)    No country included within this category sourced more than 10% of total merchandise receipts during any fiscal year presented above.

Refer to Note 2, “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Inventories,” for discussion regarding significant accounting policies related to the Company’s inventories.