LEASES (Tables)

12 Months Ended

Feb. 01, 2025

Leases [Abstract]

Lease, Cost [Table Text Block]

The following table provides a summary of the Company’s operating lease costs for Fiscal 2024, Fiscal 2023 and Fiscal 2022:

(in thousands)	Fiscal 2024		Fiscal 2023		Fiscal 2022
Single lease cost (1)	$	264,794	$	248,567	$	246,824
Variable lease cost (2)	186,795		168,881		150,909
Operating lease right-of-use asset impairment (3)	5,470		1,440		6,248
Sublease income	(3,928)		(3,949)		(3,826)
Total operating lease cost	$	453,131	$	414,939	$	400,155

(1)Includes amortization and interest expense associated with operating lease right-of-use assets and the impact from remeasurement of operating lease liabilities.

(2)Includes variable payments related to both lease and nonlease components, such as contingent rent payments made by the Company based on performance, and payments related to taxes, insurance, and maintenance costs.

(3)Refer to Note 8, “ASSET IMPAIRMENT,” for details related to operating lease right-of-use asset impairment charges.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table provides the weighted-average remaining lease term of the Company’s operating leases and the weighted-average discount rate used to calculate the Company’s operating lease liabilities as of February 1, 2025 and February 3, 2024:

	February 1, 2025		February 3, 2024
Weighted-average remaining lease term (years)	4.9		4.7
Weighted-average discount rate	6.8	%	6.7	%

The following table provides a maturity analysis of the Company’s operating lease liabilities, based on undiscounted cash flows, as of February 1, 2025:

(in thousands)	February 1, 2025
Fiscal 2025	$	267,902
Fiscal 2026	251,475
Fiscal 2027	195,994
Fiscal 2028	158,969
Fiscal 2029	111,943
Fiscal 2030 and thereafter	143,695
Total undiscounted operating lease payments	1,129,978
Less: Imputed interest	(178,365)
Present value of operating lease liabilities	$	951,613