Cost Saving Initiatives and Other Charges

12 Months Ended

Jan. 31, 2026

Restructuring and Related Activities [Abstract]

Restructuring 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 were fully realized in fiscal 2026. During fiscal 2026, additional cost reduction initiatives were identified and are expected to be fully realized in fiscal 2027. 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 fifty-two weeks ended January 31, 2026 (in thousands):

	Reportable Segment
	VB Direct		VB Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges(1)	$	17	$	—	$	4,463	$	4,480
Total	$	17	$	—	$	4,463	$	4,480
(1) Includes former Chief Executive Officer and Chief Financial Officer severance and is recorded in selling, general, and administrative expenses.

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

	Severance Charges (1)
Liability as of February 1, 2025	$	2,525
Fiscal 2026 charges	4,480
Cash payments	(6,261)
Liability as of January 31, 2026	$	744
(1) Remaining liability is recorded within accrued employment costs

The Company incurred the following charges during the fifty-two weeks ended February 1, 2025:

	Reportable Segment
	VB Direct		VB Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges(1)	$	534	$	1,166	$	2,171	$	3,871
Total	$	534	$	1,166	$	2,171	$	3,871
(1) 3.1 million recorded in selling, general, and administrative expenses and 0.8 million recorded in cost of goods sold

	Severance Charges (1)
Liability as of February 3, 2024	$	541
Fiscal 2025 charges	3,871
Cash payments	(1,887)
Liability as of February 1, 2025	$	2,525
(1) Remaining liability is recorded within accrued employment costs

The Company incurred the following charges during the fifty-three weeks ended February 3, 2024:

	Reportable Segment
	VB Direct		VB Indirect		Unallocated Corporate Expenses		Total Expense
Severance charges(1)	$	574	$	309	$	1,951	$	2,834
Consulting fees and other costs(2)	—		—		105		105
Total (3)	$	574	$	309	$	2,056	$	2,939
(1) Includes former CFO severance
(2) Related to professional fees
(3) Charges are recorded within selling, general, and administrative expenses

	Severance Charges (1)		Consulting Fees and Other Costs
Liability as of January 28, 2023	$	3,083	$	53
Fiscal 2024 charges	2,834		105
Cash payments	(5,376)		(158)
Liability as of February 3, 2024	$	541	$	—
(1) Remaining liability is recorded within accrued employment costs

Other Charges

Fiscal 2026 and Fiscal 2025. There were no additional charges recorded during the fifty-two weeks ended January 31, 2026 and February 1, 2025 associated with strategic initiatives and other costs.

Fiscal 2024. During the fifty-three weeks ended February 3, 2024, the Company recorded within selling, general, and administrative expenses $0.6 million of professional fees associated with strategic initiatives and other costs, which were recorded within corporate unallocated expenses.