Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of significant accounting policies (Tables)

v3.26.1
Summary of significant accounting policies (Tables)
12 Months Ended
Jan. 31, 2026
Summary of significant accounting policies  
Schedule of cash and cash equivalents

January 31,

February 1,

(In thousands)

2026

  ​ ​ ​

2025

Cash (1)

$

311,192

$

611,252

Short-term investments

15,000

Receivables from third-party financial institutions for credit card and debit card transactions

98,051

91,949

Cash and cash equivalents

$

424,243

$

703,201

(1) Includes restricted cash of $2,299, which consists of UB MarketplaceTM proceeds held for payment due to third-party sellers as of January 31, 2026.
Schedule of receivables

January 31,

February 1,

(In thousands)

2026

  ​ ​ ​

2025

Vendor allowances

$

157,278

$

145,341

Gift card

68,778

14,695

Royalties and other credit card

22,101

23,723

Other

48,697

40,977

Allowance for doubtful accounts

(637)

(1,402)

Receivables, net

$

296,217

$

223,334

Schedule of estimated useful lives or expected lease term of property and equipment

Equipment and fixtures

1 to 10 years

Electronic equipment and software

3 to 15 years

Schedule of advertising costs

Fiscal Year Ended

January 31,

February 1,

February 3,

(In thousands)

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Advertising expense, net

$

490,980

$

431,455

$

422,779

Advertising expense, net as a percentage of net sales

4.0%

3.8%

3.8%