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

Summary of significant accounting policies (Tables)

v3.25.1
Summary of significant accounting policies (Tables)
12 Months Ended
Feb. 01, 2025
Summary of significant accounting policies  
Schedule of cash and cash equivalents

February 1,

February 3,

(In thousands)

2025

    

2024

Cash

$

611,252

$

677,004

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

91,949

89,590

Cash and cash equivalents

$

703,201

$

766,594

Schedule of receivables

February 1,

February 3,

(In thousands)

2025

    

2024

Vendor allowances

$

145,341

$

140,356

Royalties and other credit card

23,723

24,818

Gift card

14,695

11,694

Other

40,977

31,706

Allowance for doubtful accounts

(1,402)

(635)

Receivables, net

$

223,334

$

207,939

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

February 1,

February 3,

January 28,

(In thousands)

2025

    

2024

    

2023

Advertising expense, net

$

431,455

$

422,779

$

374,730

Advertising expense, net as a percentage of net sales

3.8%

3.8%

3.7%