PREPAID EXPENSE AND OTHER ASSETS (Tables)

6 Months Ended

Aug. 02, 2025

PREPAID EXPENSE AND OTHER ASSETS

Schedule of prepaid expense and other current assets

Prepaid expense and other current assets consisted of the following:

	AUGUST 2,		FEBRUARY 1,
	2025		2025
	(in thousands)
Value added tax (VAT) receivable	$	26,629	$	9,866
Prepaid expenses		24,853		29,595
Vendor deposits		18,809		20,441
Capitalized catalog costs		14,838		30,162
Tenant allowance receivable		14,454		12,668
Capitalized cloud computing costs		11,219		9,851
Right of return asset for merchandise		6,271		6,237
Federal and state tax receivable(1)		4,017		24,729
Promissory notes receivable, including interest(2)		1,144		3,674
Other current assets		26,677		30,620
Total prepaid expense and other current assets	$	148,911	$	177,843

(1) As of February 1, 2025, includes $19 million related to a federal tax receivable from a carryback claim.

(2) Represents promissory notes, including principal and accrued interest, due from an affiliate of the managing member of the Aspen LLCs. Refer to Note 6—Variable Interest Entities.

Schedule of other non-current assets

Other non-current assets consisted of the following:

	AUGUST 2,		FEBRUARY 1,
	2025		2025
	(in thousands)
Landlord assets under construction—net of tenant allowances	$	166,256	$	138,701
Initial direct costs prior to lease commencement		107,786		80,897
Capitalized cloud computing costs—net(1)		27,069		22,738
Federal tax receivable—non-current(2)		19,483		—
Other deposits		8,153		7,754
Deferred financing fees		3,942		1,512
Other non-current assets		13,439		19,784
Total other non-current assets	$	346,128	$	271,386

(1) Presented net of accumulated amortization of $36 million and $30 million as of August 2, 2025 and February 1, 2025, respectively.

(2) Represents a federal tax receivable from a carryback claim.