INVENTORIES

12 Months Ended

Jan. 30, 2021

Inventories, Net [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES

Inventories consisted of:

(in thousands)	January 30, 2021		February 1, 2020
Inventories at original cost	$	429,993	$	456,335
Less: Lower of cost and net realizable value adjustment	(21,076)		(14,925)
Less: Shrink estimate	(4,864)		(7,084)
Inventories (1)	$	404,053	$	434,326

(1)     Includes $106.0 million and $92.3 million of inventory in transit, merchandise owned by the Company that has not yet been received at a Company distribution center, as of January 30, 2021 and February 1, 2020, respectively.

A summary of the Company’s vendors based on location and the percentage of dollar cost of merchandise receipts during Fiscal 2020, Fiscal 2019 and Fiscal 2018 follows:

	% of Total Company Merchandise Receipts (1)
Location	Fiscal 2020		Fiscal 2019		Fiscal 2018
Vietnam	41	%	36	%	29	%
Cambodia	15	%	9	%	3	%
China (2)	12	%	22	%	36	%
Other (3)	32	%	33	%	32	%
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%, 15% and 25% of total merchandise receipts were directly imported to the U.S. from China in Fiscal 2020, Fiscal 2019 and Fiscal 2018, 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.