Restructuring and Other Special Charges

6 Months Ended

Aug. 03, 2024

Restructuring and Other Special Charges

Restructuring and Other Special Charges

Note 5 Restructuring and Other Special Charges

The Company incurred costs of approximately $1.7 million ($1.2 million on an after-tax basis) during the thirteen and twenty-six weeks ended July 29, 2023 related to expense reduction initiatives, primarily severance.  Of the approximately $1.7 million in charges presented in restructuring and other special charges on the condensed consolidated statements of earnings, $0.9 million is reflected in the Brand Portfolio segment, $0.6 million is reflected within the Eliminations and Other category and $0.2 million is reflected in the Famous Footwear segment.  There were no corresponding costs for the twenty-six weeks ended August 3, 2024.  As of July 29, 2023, restructuring reserves of $1.5 million were included in other accrued expenses on the condensed consolidated balance sheet, with no corresponding restructuring reserves as of August 3, 2024.