INVENTORIES

12 Months Ended

Feb. 01, 2025

INVENTORIES

INVENTORIES

8.   INVENTORIES

The Company’s net inventory balance was comprised of the following:

($ thousands)	February 1, 2025		February 3, 2024
Raw materials	$	14,352	$	14,198
Work-in-process		644		665
Finished goods		550,245		525,811
Inventories, net (1)	$	565,241	$	540,674

(1) Net of adjustment to last-in, first-out cost of $10.9 million and $10.3 million as of February 1, 2025 and February 3, 2024, respectively.

As of February 1, 2025 and February 3, 2024, the Company’s inventory balance included $0.2 million and $0.4 million, respectively, of finished goods product subject to consignment arrangements with wholesale customers.