INVENTORIES

12 Months Ended

Jan. 28, 2023

Inventories, Net [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES

Inventories consisted of:

(in thousands)	January 28, 2023		January 29, 2022
Inventories at original cost	$	541,299	$	543,060
Less: Lower of cost and net realizable value adjustment	(35,678)		(17,196)
Inventories (1)	$	505,621	$	525,864

(1)     Included $93.7 million and $142.7 million of inventory in transit, merchandise owned by the Company that has not yet been received at a Company DC, as of January 28, 2023 and January 29, 2022, respectively.

A summary of the Company’s vendors based on location and the percentage of dollar cost of merchandise receipts during Fiscal 2022, and Fiscal 2021 follows:

	% of Total Company Merchandise Receipts (1)
Location	Fiscal 2022		Fiscal 2021
Vietnam	33	%	36	%
Cambodia	17		16
China (2)	13		14
Other (3)	37		34
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%, 9% and 7% of total merchandise receipts were directly imported to the United States from China in Fiscal 2022, Fiscal 2021 and Fiscal 2020, 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.