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Segment Reporting
9 Months Ended
Nov. 01, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has two operating segments, which are also its reportable segments: VB Direct and VB Indirect. During the thirteen weeks ended May 3, 2025, the Company completed the sale of its wholly owned subsidiary, Creative Genius, also referred to as Pura Vida and was the Company's third reporting segment. Refer to Note 14 for additional information. These operating segments are components of the Company for which separate financial information is available and for which operating results are evaluated on a regular basis by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing the performance of the segments. The Company's CODM is our Executive Chairman, who is serving as the interim Chief Executive Officer.
The VB Direct segment includes Vera Bradley full-line and outlet stores; e-commerce sites (verabradley.com, outlet.verabradley.com, and international.verabradley.com); and the Vera Bradley annual outlet sale. Revenues generated from this segment are driven through the sale of Vera Bradley-branded products from Vera Bradley to end consumers.
The VB Indirect segment represents revenues generated through the distribution of Vera Bradley-branded products to specialty retailers representing approximately 1,000 locations, substantially all of which are located in the United States; key accounts, which include department stores, national accounts, third-party e-commerce sites, and third-party inventory liquidators; and royalties recognized through licensing agreements related to the Vera Bradley brand.
Corporate costs represent the Company’s administrative expenses, which include, but are not limited to: human resources, legal, finance, information technology, design, product development, merchandising, corporate-level marketing and advertising, and various other corporate-level-activity-related expenses not directly attributable to a reportable segment. Income earned under the Transition Services Agreement ("TSA") resulting from the sale of Creative Genius is netted against these unallocated corporate expenses. All intercompany-related activities are eliminated in consolidation and are excluded from the segment reporting.
The CODM’s primary or key performance indicator for evaluating segment operating results is operating income. The CODM uses operating income for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis for this key performance operating measure when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment operating income to assess the performance of each segment by comparing the results of each segment with one another and in determining the compensation of certain employees. The CODM reviews cost of sales and SG&A expense on a consolidated basis.
The accounting policies of the segments are the same as those described in Note 2. The Company does not report depreciation or amortization expense, total assets, or capital expenditures by segment as such information is neither used by management nor accounted for at the segment level.
Net revenues, cost of sales, other segment expenses, and operating income information for the Company’s reportable segments, as well as a reconciliation to loss from continuing operations before income taxes during the thirteen and thirty-nine weeks ended November 1, 2025 and November 2, 2024, respectively, consisted of the following (in thousands):
 Thirteen Weeks EndedThirty-Nine Weeks Ended
 November 1,
2025
November 2,
2024
November 1,
2025
November 2,
2024
Segment net revenues:
VB Direct$49,683 $52,475 $153,280 $181,140 
VB Indirect12,570 18,008 31,483 51,294 
Total$62,253 $70,483 $184,763 $232,434 
Segment cost of sales:
VB Direct$26,135 $23,088 $79,364 $85,142 
VB Indirect9,932 8,978 20,949 28,126 
Total$36,067 $32,066 $100,313 $113,268 
Other segment expenses, net (1)
VB Direct$20,863 $27,283 $67,432 $76,468 
VB Indirect1,755 2,962 5,478 8,531 
Total$22,618 $30,245 $72,910 $84,999 
Segment operating income:
VB Direct$2,685 $2,104 $6,484 $19,530 
VB Indirect883 6,068 5,056 14,637 
Total$3,568 $8,172 $11,540 $34,167 
Reconciliation:
Segment operating income:$3,568 $8,172 $11,540 $34,167 
Unallocated corporate expenses$(15,742)$(16,325)$(46,163)$(50,544)
Interest (expense) income(135)15 (265)704 
(Loss) income from continuing operations before income taxes$(12,309)$(8,138)$(34,888)$(15,673)
(1) Other segment expenses, net include selling, general and administrative expenses and are net of other income.