LEASES (Tables)

12 Months Ended

Aug. 02, 2025

Leases [Abstract]

Schedule of Maturities of Operating Lease Liabilities

The future lease payments as of August 2, 2025, were as follows:

(in thousands)	August 2, 2025
2026	$	27,102
2027	26,342
2028	22,544
2029	9,170
2030	9,409
Thereafter	10,188
Total undiscounted future minimum lease payments(1)	104,755
Less: imputed interest	11,244
Total discounted future minimum lease payments	$	93,511

(1) Total future minimum lease payments have not been reduced by minimum sublease income of approximately $27.3 million.

Schedule of Lease Components and Supplemental Cash Flows

	For the Fiscal Year Ended
(in thousands)	August 2, 2025		August 3, 2024
Cash paid for amounts included in the measurement of operating lease liabilities	$	29,966	$	35,461
Operating lease right-of-use assets obtained in exchange for operating lease liabilities, net of impairments and other reductions (1)	—		(21,055)

(1) In fiscal 2024, we recorded an impairment charge related to a portion of our corporate office space of $16.6 million. Refer to Note 14, “Restructuring” for further details on the impairment charge. In addition, in fiscal 2024, we entered into an early termination of our lease at our Dallas warehouse, resulting in removal of the right-of-use asset which was included in the $1.5 million loss on lease termination, recorded within selling, general, and administrative expenses on the consolidated statements of operations and comprehensive loss.

The components of our rent expense, which are recorded in selling, general, and administrative expense in the consolidated statement of operations and comprehensive loss, were as follows:

	For the Fiscal Year Ended
(in thousands)	August 2, 2025		August 3, 2024
Operating lease cost	$	18,206	$	26,949
Variable lease costs	7,253		8,807
Short-term lease costs	3		13
Operating lease impairment (1)	—		16,562
Loss on early termination	—		1,465
Sublease income (2)	(9,044)		(8,216)
Total	$	16,418	$	45,580

(1) Refer to Note 14, “Restructuring” for more details.

(2) During fiscal 2025 and fiscal 2024, we had subleases for certain portions of fulfillment centers and our corporate offices due to the reduction in square footage needs for current operations. We continue to seek sublease arrangements for corporate office space.