Cost Saving Initiatives and Other Charges

9 Months Ended

Nov. 01, 2025

Restructuring and Related Activities [Abstract]

Cost Saving Initiatives and Other Charges

Cost Savings Initiatives and Other Charges

Cost Savings Initiatives and Severance Charges

During fiscal 2023, the Company began implementation of its targeted cost reductions, which were expected to be fully realized in fiscal 2025. In late fiscal 2025, additional cost reduction initiatives were identified and are expected to be fully realized in fiscal 2026. Expense savings are being derived across various areas of the Company, including retail store efficiencies, marketing expenses, information technology contracts, professional services, logistics and operational costs, and corporate payroll.

The Company incurred the following charges during the thirteen weeks ended November 1, 2025 (in thousands):

	Reportable Segment
	VB Direct		VB Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges	$	—	$	—	$	609	$	609
Total (1)	$	—	$	—	$	609	$	609
(1) Recorded within selling, general, and administrative ("SG&A") expenses

The Company incurred the following charges during the thirty-nine weeks ended November 1, 2025 (in thousands):

	Reportable Segment
	VB Direct		VB Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges	$	15	$	—	$	3,902	$	3,917
Total (1)	$	15	$	—	$	3,902	$	3,917
(1) Recorded within SG&A expenses

A summary of charges and related liabilities associated with the cost savings initiatives and severance charges are as follows (in thousands):

	Severance Charges and Cash Retention Payment Acceleration Charges (1)
Liability as of February 1, 2025	$	2,525
Fiscal 2026 charges	3,917
Cash payments	(5,854)
Liability as of November 1, 2025(1)	$	588
(1) Remaining liability is recorded within accrued employment costs

The Company incurred the following charges during the thirteen weeks ended November 2, 2024 (in thousands):

	Reportable Segment
	VB Direct		VB Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges	$	186	$	14	$	48	$	248
Total (1)	$	186	$	14	$	48	$	248
(1) Recorded within cost of goods sold and SG&A expenses

The Company incurred the following charges during the thirty-nine weeks ended November 2, 2024 (in thousands):

	Reportable Segment
	VB Direct		VB Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges	$	321	$	231	$	485	$	1,037
Total (1)	$	321	$	231	$	485	$	1,037
(1) Recorded within cost of goods sold and SG&A expenses

A summary of charges and related liabilities associated with the cost savings initiatives and severance charges are as follows (in thousands):

	Severance Charges and Cash Retention Payment Acceleration Charges (1)
Liability as of February 3, 2024	$	541
Fiscal 2025 charges	1,037
Cash payments	(1,562)
Liability as of November 2, 2024(1)	$	16
(1) Remaining liability is recorded within accrued employment costs