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

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​

​

​

​

​

​

​

​

​

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

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​

​

​

​

​

​

​

​

​

January 31,

​

February 1,

(In thousands)

​

2026

  ​ ​ ​

2025

Vendor allowances

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$

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

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​

​

​

​

​

​

​

Equipment and fixtures

​

​

​

​

​

1 to 10 years

Electronic equipment and software

​

​

​

​

​

3 to 15 years

Schedule of advertising costs

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​

​

​

​

​

​

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​

​

​

​

Fiscal Year Ended

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​

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%