INVENTORIES

12 Months Ended

Jan. 29, 2022

Inventories, Net [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES

Inventories consisted of:

(in thousands)	January 29, 2022		January 30, 2021
Inventories at original cost	$	549,030	$	429,993
Less: Lower of cost and net realizable value adjustment	(17,196)		(21,076)
Less: Shrink estimate	(5,970)		(4,864)
Inventories (1)	$	525,864	$	404,053

(1)     Includes $142.7 million and $106.0 million of inventory in transit, merchandise owned by the Company that has not yet been received at a Company distribution center, as of January 29, 2022 and January 30, 2021, respectively.

A summary of the Company’s vendors based on location and the percentage of dollar cost of merchandise receipts during Fiscal 2021, and Fiscal 2020 follows:

	% of Total Company Merchandise Receipts (1)
Location	Fiscal 2021		Fiscal 2020
Vietnam	36	%	41	%
China (2)	14		12
Cambodia	16		15
Other (3)	34		32
Total	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 9%, 7% and 15% of total merchandise receipts were directly imported to the U.S. from China in Fiscal 2021, Fiscal 2020 and Fiscal 2019, 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.