0000950170-24-104054 | 10-Q | XBRL Viewer

[1]	Net credit expense for the 13 and 26 weeks ended July 28, 2023 includes a reduction of the accrual for Performance Awards based on actual and projected results relative to performance measures.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Loss Per Share (Tables)

6 Months Ended

Aug. 02, 2024

Earnings Per Share [Abstract]

Schedule of Components of Basic and Diluted EPS

The following table summarizes the components of basic and diluted loss per share:


	13 Weeks Ended						26 Weeks Ended
(in thousands, except per share amounts)	August 2, 2024			July 28, 2023			August 2, 2024			July 28, 2023
Net loss	$	(5,251	)	$	(8,018	)	$	(11,693	)	$	(9,670	)

Basic weighted average common shares outstanding		31,376			32,117			31,407			32,280
Dilutive impact of stock awards		—			—			—			—
Diluted weighted average common shares outstanding		31,376			32,117			31,407			32,280

Loss per share
Basic	$	(0.17	)	$	(0.25	)	$	(0.37	)	$	(0.30	)
Diluted	$	(0.17	)	$	(0.25	)	$	(0.37	)	$	(0.30	)

Anti-dilutive shares excluded from diluted loss per common share calculation		509			1,618			806			1,411

Stock-Based Compensation

6 Months Ended

Aug. 02, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

NOTE 6. STOCK-BASED COMPENSATION

The Company expenses the fair value of all stock awards over their requisite service period, ensuring that the amount of cumulative stock-based compensation expense recognized at any date is at least equal to the portion of the grant-date fair value of the award that is vested at that date. The Company has elected to adjust stock-based compensation expense for an estimated forfeiture rate for those shares not expected to vest and to recognize stock-based compensation expense on a straight-line basis for awards that only have a service requirement with multiple vest dates.

The Company has granted the following types of stock awards to employees at management levels and above, each of which are granted under the Company’s stockholder approved stock plans, other than inducement grants outside of the Company’s stockholder approved stock plans in accordance with Nasdaq Listing Rule 5635(c)(4):

•

Deferred Awards are in the form of restricted stock units and only require each recipient to complete a service period for the awards to be earned. Deferred Awards generally vest over three years. The fair value of Deferred Awards is based on the closing price of the Company’s common stock on the grant date. Stock-based compensation expense is recognized ratably over the service period and is reduced for estimated forfeitures of those awards not expected to vest due to employee turnover.

•

Performance Awards are in the form of restricted stock units and have, in addition to a service requirement, financial performance criteria and/or stock performance criteria that must be achieved for the awards to be earned. For the Performance Awards granted in Fiscal 2024, a portion have financial performance criteria and a portion have stock performance criteria. Certain Performance Awards granted in Fiscal 2024 vest up to 100% of the specified number of shares, contingent upon the Company’s common stock achieving a specified average per share closing stock price over a specified number of trading days, and other Performance Awards granted in Fiscal 2024 vest based on financial performance criteria. For Performance Awards with financial performance criteria, the Target Shares earned can range from 50% to 200% (such result, the “Earned Shares”) once minimum thresholds have been reached and depend on the achievement of certain financial measures for the cumulative period comprised of three-consecutive fiscal years beginning with the fiscal year of the grant date. The Performance Awards granted in Fiscal 2023 are also subject to a relative total shareholder return (“TSR”) modifier which is based on the Company’s total return to stockholders over the measurement period relative to a custom peer group. The Fiscal 2023 Performance Award TSR modifier can result in an adjustment of 75% to 125% of the Earned Shares, subject to an overall cap of 200% of Target Shares and a modifier limitation to 100% of Target Shares in the event TSR is negative. For Fiscal 2024 Performance Awards with stock performance criteria, the Target Shares earned can range from 0% to 100% based on the Company’s highest average per share common stock closing stock price measured over any 20 consecutive trading-day period for the cumulative period comprised of three-consecutive fiscal years beginning with the fiscal year of the grant date. Performance Awards are also subject to limitations under the Company’s stockholder approved stock plans. The applicable percentage of the Target Shares, as determined by financial performance or stock price performance, vest after the completion of the applicable three-year performance period and upon determination of achievement of the performance measures by the Compensation Committee of the Board of Directors, and unearned Target Shares are forfeited. The fair value of the Performance Awards granted prior to Fiscal 2023, as well as the portion of the Fiscal 2024 Performance Awards with financial performance criteria, are based on the closing price of the Company’s common stock on the grant date. For the portion of the Performance Awards granted in Fiscal 2024 with stock performance criteria and the Performance Awards granted in Fiscal 2023 with a relative TSR modifier, the grant date fair value is based on the Monte Carlo simulation model. Stock-based compensation expense, including awards with market conditions, is recognized ratably over the related service period, reduced for estimated forfeitures of those awards not expected to vest due to employee turnover and adjusted based on the Company’s estimate of the percentage of the aggregate Target Shares expected to be earned. The Company accrues for Performance Awards

on a 100% payout unless it becomes probable that the outcome will be significantly different, or the performance can be accurately measured.

•

Option Awards provide the recipient with the option to purchase a set number of shares at a stated exercise price over the term of the contract, which is ten years for all Option Awards currently outstanding. Options are granted with a strike price equal to the stock price on the date of grant and vest over the requisite service period of the award. The fair value of each Option Award is estimated on the grant date using the Black-Scholes option pricing model.

The following table provides a summary of the Company’s stock-based compensation expense, which is included in Selling and administrative expense in the Condensed Consolidated Statements of Operations:


	13 Weeks Ended					26 Weeks Ended
(in thousands)	August 2, 2024		July 28, 2023			August 2, 2024		July 28, 2023
Deferred awards	$	943	$	1,242		$	1,865	$	2,221
Performance awards (1)		385		(536	)		585		(536	)
Option awards		104		104			208		208
Total stock-based compensation expense	$	1,432	$	810		$	2,658	$	1,893

(1)

Net credit expense for the 13 and 26 weeks ended July 28, 2023 includes a reduction of the accrual for Performance Awards based on actual and projected results relative to performance measures.

Deferred Awards

The following table provides a summary of the Deferred Awards activity for the 26 weeks ended August 2, 2024:


	Deferred Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested Deferred Awards as of February 2, 2024		959		$	11.44
Granted		307			11.34
Vested		(250	)		14.78
Forfeited or expired		(75	)		10.97
Unvested Deferred Awards as of August 2, 2024		941		$	10.56

Total unrecognized stock-based compensation expense related to unvested Deferred Awards was approximately $7.0 million as of August 2, 2024, which is expected to be recognized ratably over a weighted average period of 2.1 years. The total fair value of Deferred Awards vested during the 26 weeks ended August 2, 2024 and July 28, 2023 was $3.7 million and $5.1 million, respectively. The Deferred Awards granted to employees during the 26 weeks ended August 2, 2024 vest over a period of three years.

Performance Awards

The following table provides a summary of the Performance Awards activity for the 26 weeks ended August 2, 2024:


	Performance Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested Performance Awards as of February 2, 2024		607		$	13.14
Granted		264			10.30
Change in estimate - performance		(57	)		29.95
Vested		—			—
Forfeited or expired		(23	)		12.87
Unvested Performance Awards as of August 2, 2024		791		$	11.00

Total unrecognized stock-based compensation expense related to unvested Performance Awards was approximately $3.7 million as of August 2, 2024 which is expected to be recognized ratably over a weighted average period of 2.2 years. The Performance Awards granted to employees during the 26 weeks ended August 2, 2024 vest, if earned, after completion of the applicable three-year performance period.

Option Awards

The following table provides a summary of the Option Awards activity for the 26 weeks ended August 2, 2024:


	Option Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Option Awards outstanding as of February 2, 2024		511		$	16.08
Granted		—			—
Exercised		—			—
Forfeited		—			—
Expired		(294	)		18.10
Option Awards outstanding as of August 2, 2024		217		$	13.34

The following table provides a summary of information about the Option Awards vested and expected to vest during the contractual term, as well as Option Awards exercisable as of August 2, 2024:


(in thousands, except contractual life and exercise price amounts)	Option Awards		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value
Option Awards vested and expected to vest		217		7.02	$	13.34	$	854
Option Awards exercisable		91		5.30	$	16.84	$	213

Total unrecognized stock-based compensation expense related to Option Awards expected to vest was approximately $0.5 million as of August 2, 2024, which is expected to be recognized over a weighted average period of 1.3 years.

Stock-Based Compensation - Summary of Changes in Outstanding Options Awards (Details) - Option Awards shares in Thousands	6 Months Ended
	Aug. 02, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Option awards outstanding at beginning of period \| shares	511
Number of Shares, Granted \| shares	0
Number of Shares, Exercised \| shares	0
Number of Shares, Forfeited \| shares	0
Number of Shares, Expired \| shares	(294)
Number of Shares, Option awards outstanding at end of period \| shares	217
Weighted Average Grant Date Fair Value, Unvested option awards at beginning of period \| $ / shares	$ 16.08
Weighted Average Grant Date Fair Value, Granted \| $ / shares	0
Weighted Average Grant Date Fair Value, Exercised \| $ / shares	0
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	0
Weighted Average Grant Date Fair Value, Expired \| $ / shares	18.1
Weighted Average Grant Date Fair Value, Unvested option awards at end of period \| $ / shares	$ 13.34

Loss Per Share

6 Months Ended

Aug. 02, 2024

Earnings Per Share [Abstract]

Loss Per Share

NOTE 3. LOSS PER SHARE

The numerator for both basic and diluted earnings (loss) per share is net income (loss) attributable to the Company. The denominator for basic earnings (loss) per share is based upon the number of weighted average shares of the Company’s common stock outstanding during the reporting periods. The denominator for diluted earnings (loss) per share is based upon the number of weighted average shares of the Company’s common stock and common stock equivalents outstanding during the reporting periods using the treasury stock method in accordance with ASC 260, Earnings Per Share. Potentially dilutive securities for the diluted earnings (loss) per share calculations consist of non-vested equity shares of common stock and in-the-money outstanding options where the current stock price exceeds the option strike price.

The following table summarizes the components of basic and diluted loss per share:


	13 Weeks Ended						26 Weeks Ended
(in thousands, except per share amounts)	August 2, 2024			July 28, 2023			August 2, 2024			July 28, 2023
Net loss	$	(5,251	)	$	(8,018	)	$	(11,693	)	$	(9,670	)

Basic weighted average common shares outstanding		31,376			32,117			31,407			32,280
Dilutive impact of stock awards		—			—			—			—
Diluted weighted average common shares outstanding		31,376			32,117			31,407			32,280

Loss per share
Basic	$	(0.17	)	$	(0.25	)	$	(0.37	)	$	(0.30	)
Diluted	$	(0.17	)	$	(0.25	)	$	(0.37	)	$	(0.30	)

Anti-dilutive shares excluded from diluted loss per common share calculation		509			1,618			806			1,411

Stock awards are considered anti-dilutive based on the application of the treasury stock method or in the event of a net loss.

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Aug. 02, 2024	Feb. 02, 2024	Jul. 28, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	480,000,000	480,000,000	480,000,000
Common stock, shares issued	31,256,000	31,433,000	32,087,000
Common stock, shares outstanding	31,256,000	31,433,000	32,087,000

Stock-Based Compensation - Summary of Deferred Awards Activity (Details) - Deferred Awards shares in Thousands	6 Months Ended
	Aug. 02, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Unvested awards at beginning of period \| shares	959
Number of Shares, Granted \| shares	307
Number of Shares, Vested \| shares	(250)
Number of Shares, Forfeited \| shares	(75)
Number of Shares, Unvested awards at end of period \| shares	941
Weighted Average Grant Date Fair Value, Unvested awards at beginning of period \| $ / shares	$ 11.44
Weighted Average Grant Date Fair Value, Granted \| $ / shares	11.34
Weighted Average Grant Date Fair Value, Vested \| $ / shares	14.78
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	10.97
Weighted Average Grant Date Fair Value, Unvested awards at end of period \| $ / shares	$ 10.56

Income Taxes

6 Months Ended

Aug. 02, 2024

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 10. INCOME TAXES

Provision for Income Taxes

At the end of each quarter, the Company estimates its effective income tax rate pursuant to ASC 740. The rate for the period consists of the tax rate expected to be applied for the full year to ordinary income adjusted for any discrete items recorded in the period.

The Company recorded a tax benefit at an overall effective tax rate of 33.4% for the 13 weeks ended August 2, 2024, and a tax expense at an overall effective tax rate of (32.4)% for the 13 weeks ended July 28, 2023. The Company recorded a tax benefit at an overall rate of 26.4% for the 26 weeks ended August 2, 2024 and a tax expense at an overall rate of (17.5)% for the 26 weeks ended July 28, 2023. The overall effective tax rates for the 13 and 26 weeks ended August 2, 2024 vary from the U.S. federal statutory rate of 21% as a result of state taxes, non-deductible expenses, and the impact of stock-based compensation adjustments. The overall effective tax rate for the 13 and 26 weeks ended July 28, 2023 reflects a one-time tax expense related to the write-off of deferred tax benefits for stock-based compensation.

- Definition

The entire disclosure for income tax.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Accrued Expenses and Other Current Liabilities

6 Months Ended

Aug. 02, 2024

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

NOTE 8. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following:


(in thousands)	August 2, 2024		July 28, 2023		February 2, 2024
Deferred gift card revenue	$	34,179	$	33,556	$	35,604
Accrued employee compensation and benefits		20,238		22,922		28,449
Reserve for sales returns and allowances		14,907		18,404		21,560
Deferred revenue		9,302		8,081		4,314
Accrued property, sales and other taxes		7,412		8,300		8,795
Other		5,152		9,369		10,250
Total Accrued expenses and other current liabilities	$	91,190	$	100,632	$	108,972

Segment Reporting - Additional Information (Details)	6 Months Ended
Segment Reporting - Additional Information (Details)	Aug. 02, 2024 Channel Segment
Segment Reporting [Abstract]
Number of external reportable segment \| Segment	1
Number of distribution channels for revenue reporting purposes \| Channel	5

Segment Reporting - Summary of Net Revenue by Distribution Channel (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Segment Reporting Information [Line Items]
Net revenue	$ 317,173	$ 323,363	$ 602,644	$ 632,921
US eCommerce
Segment Reporting Information [Line Items]
Net revenue	$ 188,336	$ 195,921	$ 358,868	$ 373,623
Percentage of net revenue	59.40%	60.60%	59.50%	59.00%
International
Segment Reporting Information [Line Items]
Net revenue	$ 22,950	$ 22,818	$ 47,918	$ 48,210
Percentage of net revenue	7.20%	7.10%	8.00%	7.60%
Outfitters
Segment Reporting Information [Line Items]
Net revenue	$ 63,159	$ 67,984	$ 105,836	$ 141,953
Percentage of net revenue	19.90%	21.00%	17.60%	22.40%
Third Party
Segment Reporting Information [Line Items]
Net revenue	$ 30,114	$ 24,395	$ 67,568	$ 47,384
Percentage of net revenue	9.50%	7.50%	11.20%	7.50%
Retail
Segment Reporting Information [Line Items]
Net revenue	$ 12,614	$ 12,245	$ 22,454	$ 21,751
Percentage of net revenue	4.00%	3.80%	3.70%	3.50%

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Debt - Summary of Company's Maximum Borrowing Availability Under ABL Facility (Details) - ABL Facility - USD ($)	6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Feb. 02, 2024
Line Of Credit Facility [Line Items]
ABL Facility maximum borrowing	$ 275,000,000	$ 275,000,000	$ 275,000,000
Borrowing base	145,620,000	207,326,000	176,311,000
Less: Outstanding borrowings	20,000,000	70,000,000
Less: Outstanding letters of credit	8,101,000	8,554,000	9,070,000
Utilization of ABL Facility at end of period	28,101,000	78,554,000	9,070,000
Borrowing availability under ABL Facility	$ 117,519,000	$ 128,772,000	$ 167,241,000
Interest Rate	6.68%	6.82%

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Stockholder' Equity - Summary of Share Repurchases (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Aug. 02, 2024

May 03, 2024

Jul. 28, 2023

Apr. 28, 2023

Aug. 02, 2024

Jul. 28, 2023

Equity Class Of Treasury Stock [Line Items]

Total cost

$ 1,014

$ 3,008

$ 3,781

2022 Share Repurchase Program

Equity Class Of Treasury Stock [Line Items]

Number of shares repurchased

254

403

339

833

Total cost

$ 3,731

$ 3,000

$ 4,744

$ 6,772

Average per share cost

^[1]

$ 14.7

$ 7.45

$ 13.99

$ 8.13

[1]	Average price paid per share excludes broker commissions and excise tax.

Fair Value Measurements of Financial Assets and Liabilities (Tables)

6 Months Ended

Aug. 02, 2024

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values of Other Financial Instruments

Carrying amounts and fair values of long-term debt, including current portion, in the Condensed Consolidated Balance Sheets are as follows:


	August 2, 2024				July 28, 2023				February 2, 2024
(in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt, including current portion	$	253,500	$	246,160	$	237,188	$	226,786	$	260,000	$	258,139

Fair Value Measurements of Financial Assets and Liabilities - Additional Information (Details) - USD ($)	Aug. 02, 2024	Feb. 02, 2024	Jul. 28, 2023
Nonrecurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Nonfinancial assets fair value disclosure	$ 0	$ 0	$ 0
Nonfinancial liabilities fair value disclosure	0	0	0
Fair Value \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted cash fair value	$ 2,200,000	$ 2,000,000	$ 1,800,000

Other Comprehensive Loss - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Equity [Abstract]
Amounts reclassified from accumulated other comprehensive (loss)	$ 0	$ 0	$ 0	$ 0

- Definition

Amount after tax of reclassification adjustments of other comprehensive income (loss).

+ References + Details

Background and Basis of Presentation

6 Months Ended

Aug. 02, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Background and Basis of Presentation

NOTE 1. BACKGROUND AND BASIS OF PRESENTATION

Description of Business

Lands’ End, Inc. (“Lands’ End” or the “Company”) is a leading digital retailer of solution-based apparel, swimwear, outerwear, accessories, footwear, home products and uniforms. Lands’ End offers products online at www.landsend.com, through third-party distribution channels, our own Company Operated stores and third-party license agreements. Lands’ End also offers products to businesses and schools, for their employees and students, through the Outfitters distribution channel. Lands’ End is a classic American lifestyle brand that creates solutions for life’s every journey. References to www.landsend.com do not constitute incorporation by reference of the information at www.landsend.com, and such information is not part of this Quarterly Report on Form 10-Q or any other filings with the SEC, unless otherwise explicitly stated.

Terms that are commonly used in the Company’s Notes to Condensed Consolidated Financial Statements are defined as follows:

•

ABL Facility – Asset-based senior secured credit agreement, providing for a revolving facility, dated as of November 16, 2017, with Wells Fargo Bank, N.A. and certain other lenders, as amended to date

•

ASC – Financial Accounting Standards Board Accounting Standards Codification, which serves as the source for authoritative GAAP, as supplemented by rules and interpretive releases by the SEC which are also sources of authoritative GAAP for SEC registrants

•

Company Operated stores – Lands’ End retail stores in the Retail distribution channel

•

Current Term Loan Facility – Term loan credit agreement, dated as of December 29, 2023, among the Company, Blue Torch Capital, as Administrative Agent and Collateral Agent, and the lenders party thereto

•

Debt Facilities – Collectively, the Current Term Loan Facility and ABL Facility

•

Deferred Awards – Time vesting stock awards

•

FASB – Financial Accounting Standards Board

•

Fiscal 2024 – The 52 weeks ending January 31, 2025

•

Fiscal 2023 – The 53 weeks ended February 2, 2024

•

Former Term Loan Facility – Term loan credit agreement, dated as of September 9, 2020, among the Company, Fortress Credit Corp., as Administrative Agent and Collateral Agent, and the lenders party thereto

•

GAAP – Accounting principles generally accepted in the United States

•

LIBOR – London inter-bank offered rate

•

Option Awards – Stock option awards

•

Performance Awards – Performance-based stock awards

•

SEC – United States Securities and Exchange Commission

•

SOFR – Secured Overnight Funding Rate

•

Target Shares – Number of restricted stock units awarded to a recipient which reflects the number of shares to be delivered based on achievement of target performance goals

•

Term Loan Adjusted SOFR – SOFR plus adjustments of either (a) 0.11448% for a one-month interest period, (b) 0.26161% for a three-month interest period, or (c) 0.42826% for a six-month interest period

Basis of Presentation

The Condensed Consolidated Financial Statements include the accounts of Lands’ End, Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated.

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all material adjustments which are of a normal and recurring nature necessary for a fair presentation of the results for the periods presented have been reflected. Dollar amounts are reported in thousands, except per share data, unless otherwise noted. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in the Lands’ End Annual Report on Form 10-K filed with the SEC on April 3, 2024.

Macroeconomic Challenges

Macroeconomic issues which impact consumer discretionary spending, such as realized inflation-based price increases and high interest rates have continued to have an impact on our business. Apparel purchases historically have been influenced by domestic and global economic conditions, which may negatively impact customer demand and may require higher levels of promotion in order to attract and retain customers. Additionally, the variable interest rates associated with our Debt Facilities are negatively affected by higher interest rate environments. Macroeconomic challenges may lead to increased cost of raw materials, packaging materials, labor, energy, fuel, debt and other inputs necessary for the production and distribution of our products.

Restructuring

During Fiscal 2023, the Company reduced approximately 10% of its corporate office and Hong Kong sourcing office positions and incurred restructuring charges, primarily severance and benefit and other related costs. The reductions in the Hong Kong sourcing office were organizational changes to move positions to the Company’s corporate headquarters to centralize product development to better align with the Company’s speed-to-market initiatives. The reductions in the corporate office positions were made to better align with the evolving needs of the business and to invest in key growth areas. For the 26 weeks ended August 2, 2024, the Company incurred restructuring charges, primarily severance and benefit costs, related to cost optimization of business operations and strategic initiatives.

The Company incurred $2.3 million and $0.4 million of restructuring costs during the 13 weeks ended August 2, 2024 and July 28, 2023, respectively. Restructuring costs of $2.7 million and $0.4 million were incurred during the 26 weeks ended August 2, 2024 and July 28, 2023, respectively, and were recorded in Other operating expense, net in the Condensed Consolidated Statements of Operations. As of August 2, 2024, approximately $2.9 million of the restructuring costs had yet to be paid and are included in Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets.

Long-lived Asset Impairment Analysis

Property and equipment are subject to a review for impairment if events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. In accordance with ASC 360, Property, Plant and Equipment (“ASC 360”) the Company reviewed the long-lived asset groups for impairment as of August 2, 2024.

During the 13 weeks ended August 2, 2024, the Company considered management’s decision to replace the existing information technology infrastructure with an enterprise resource planning (“ERP”) software system within the next 18 to 24 months to be a triggering event. The Company determined that certain long-lived assets, primarily capitalized internal-use software projects and computer software, would no longer be utilized or have future benefit with the planned ERP platform and recognized impairment in the amount of $2.8 million during the 13 weeks and 26 weeks ended August 2, 2024, respectively, recorded in Other operating expense, net in the Condensed Consolidated Statement of Operations.

The Company Operated store long-lived asset group, including Operating right-of-use assets, are regularly reviewed for impairment indicators. Impairment is assessed at the individual store level which is the lowest level of identifiable cash flows and considers the estimated undiscounted cash flows over the asset’s remaining life. If estimated undiscounted cash flows are insufficient to recover the investment, an impairment loss is recognized equal to the difference between the estimated fair value of the asset and its

carrying value, net of salvage, and any costs of disposition. The fair value estimate is generally the discounted amount of estimated store-specific cash flows. No impairment was recognized for Operating lease right-of-use assets and property and equipment, net for individual identified Company Operated stores as of August 2, 2024 and July 28, 2023, respectively.

The Company reviewed the remaining long-lived asset groups for impairment as of August 2, 2024. The Company assessed the recoverability of our long-lived asset groups by comparing their projected undiscounted cash flows associated over remaining estimated useful lives of the primary asset in the long-lived asset group against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. As a result of the testing, the undiscounted cash flows of the remaining asset groups exceeded their respective carrying amounts resulting in no impairment as of August 2, 2024.

Stock-Based Compensation (Tables)

6 Months Ended

Aug. 02, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock-Based Compensation Expense


	13 Weeks Ended					26 Weeks Ended
(in thousands)	August 2, 2024		July 28, 2023			August 2, 2024		July 28, 2023
Deferred awards	$	943	$	1,242		$	1,865	$	2,221
Performance awards (1)		385		(536	)		585		(536	)
Option awards		104		104			208		208
Total stock-based compensation expense	$	1,432	$	810		$	2,658	$	1,893

(1)

Net credit expense for the 13 and 26 weeks ended July 28, 2023 includes a reduction of the accrual for Performance Awards based on actual and projected results relative to performance measures.

Summary of Deferred Awards Activity

The following table provides a summary of the Deferred Awards activity for the 26 weeks ended August 2, 2024:


	Deferred Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested Deferred Awards as of February 2, 2024		959		$	11.44
Granted		307			11.34
Vested		(250	)		14.78
Forfeited or expired		(75	)		10.97
Unvested Deferred Awards as of August 2, 2024		941		$	10.56

Summary of Performance Awards Activity

The following table provides a summary of the Performance Awards activity for the 26 weeks ended August 2, 2024:


	Performance Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested Performance Awards as of February 2, 2024		607		$	13.14
Granted		264			10.30
Change in estimate - performance		(57	)		29.95
Vested		—			—
Forfeited or expired		(23	)		12.87
Unvested Performance Awards as of August 2, 2024		791		$	11.00

Summary of Changes in Outstanding Options Awards

The following table provides a summary of the Option Awards activity for the 26 weeks ended August 2, 2024:


	Option Awards
(in thousands, except per share amounts)	Number of Shares			Weighted Average Grant Date Fair Value per Share
Option Awards outstanding as of February 2, 2024		511		$	16.08
Granted		—			—
Exercised		—			—
Forfeited		—			—
Expired		(294	)		18.10
Option Awards outstanding as of August 2, 2024		217		$	13.34

Summary of Information about Option Awards Vested and Expected to Vest

The following table provides a summary of information about the Option Awards vested and expected to vest during the contractual term, as well as Option Awards exercisable as of August 2, 2024:


(in thousands, except contractual life and exercise price amounts)	Option Awards		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value
Option Awards vested and expected to vest		217		7.02	$	13.34	$	854
Option Awards exercisable		91		5.30	$	16.84	$	213

Revenue (Tables)

6 Months Ended

Aug. 02, 2024

Revenue from Contract with Customer [Abstract]

Disaggregated of Revenue by Geographic Location

The Company’s revenue is disaggregated by distribution channel and geographic location. Revenue by distribution channel is presented in Note 12, Segment Reporting. Revenue by geographic location was:


	13 Weeks Ended				26 Weeks Ended
(in thousands)	August 2, 2024		July 28, 2023		August 2, 2024		July 28, 2023
Net revenue:
United States	$	291,041	$	296,653	$	548,548	$	577,057
Europe		23,330		23,305		48,638		49,182
Other		2,802		3,405		5,458		6,682
Total Net revenue	$	317,173	$	323,363	$	602,644	$	632,921

Summary of Deferred Revenue

The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer, reported in Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets, and amounts recognized through Net revenue for each period presented. The majority of deferred revenue as of August 2, 2024 is expected to be recognized in Net revenue in the fiscal quarter ending November 1, 2024, as products are delivered to customers.


	13 Weeks Ended						26 Weeks Ended
(in thousands)	August 2, 2024			July 28, 2023			August 2, 2024			July 28, 2023
Deferred revenue beginning of period	$	9,340		$	6,019		$	4,314		$	7,484
Deferred revenue recognized in period		(9,125	)		(5,805	)		(4,100	)		(7,270	)
Revenue deferred in period		9,087			7,867			9,088			7,867
Deferred revenue end of period	$	9,302		$	8,081		$	9,302		$	8,081

Reconciliation of Gift Card Contract Liability

The following table provides the reconciliation of the contract liability related to gift cards:


	13 Weeks Ended						26 Weeks Ended
(in thousands)	August 2, 2024			July 28, 2023			August 2, 2024			July 28, 2023
Balance as of beginning of period	$	35,119		$	34,222		$	35,604		$	33,029
Gift cards sold		14,562			13,171			29,617			28,786
Gift cards redeemed		(14,019	)		(13,048	)		(28,212	)		(26,682	)
Gift card breakage		(1,483	)		(789	)		(2,830	)		(1,577	)
Balance as of end of period	$	34,179		$	33,556		$	34,179		$	33,556

Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Aug. 02, 2024	May 03, 2024	Feb. 02, 2024	Jul. 28, 2023	Apr. 28, 2023	Feb. 02, 2023	Jan. 27, 2023
Other Liabilities, Current [Abstract]
Deferred gift card revenue	$ 34,179	$ 35,119	$ 35,604	$ 33,556	$ 34,222	$ 35,604	$ 33,029
Accrued employee compensation and benefits	20,238		28,449	22,922
Reserve for sales returns and allowances	14,907		21,560	18,404
Deferred revenue	9,302		4,314	8,081
Accrued property, sales and other taxes	7,412		8,795	8,300
Other	5,152		10,250	9,369
Total Accrued expenses and other current liabilities	$ 91,190		$ 108,972	$ 100,632

Debt - Additional Information (Details)				6 Months Ended
Debt - Additional Information (Details)	Dec. 29, 2023 USD ($)	Jun. 22, 2023	May 12, 2023	Aug. 02, 2024 USD ($)	Feb. 02, 2024 USD ($)	Jul. 28, 2023 USD ($)
ABL Facility
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				$ 275,000,000	$ 275,000,000	$ 275,000,000
Line of credit facility, available to borrow of facility limit				275,000,000
Borrowing under facility				$ 20,000,000		70,000,000
Line of credit facility, maturity date				Jul. 29, 2026
ABL Facility \| Letter of Credit
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				$ 70,000,000
ABL Facility \| Secured Debt
Line Of Credit Facility [Line Items]
Line of credit facility, unused commitment fee percentage			0.25%
Borrowing under facility				$ 20,000,000
Line of credit facility, covenant terms, minimum percentage of loan cap amount				10.00%
Line of credit facility, covenant terms, minimum excess credit availability				$ 15,000,000
Line of credit facility, covenant terms, minimum fixed charge coverage ratio				1
ABL Facility \| Secured Debt \| Base Rate
Line Of Credit Facility [Line Items]
Variable rate spread on outstanding loans less than $95 million			0.50%
Variable rate spread on outstanding loans equal to or greater than $95 million but less than $180 million			0.75%
Variable rate spread on outstanding loans greater than or equal to $180 million			1.00%
ABL Facility \| Secured Debt \| One Month Adjusted SOFR
Line Of Credit Facility [Line Items]
Spread on variable rate			1.00%
ABL Facility \| Secured Debt \| Adjusted SOFR
Line Of Credit Facility [Line Items]
Variable rate spread on outstanding loans less than $95 million			1.25%
Variable rate spread on outstanding loans equal to or greater than $95 million but less than $180 million			1.50%
Variable rate spread on outstanding loans greater than or equal to $180 million			1.75%
Spread on variable rate			0.10%
Term Loan Facility \| Secured Debt \| Federal Funds Rate
Line Of Credit Facility [Line Items]
Spread on variable rate			0.50%
Term Loan Facility \| Secured Debt \| One Month Adjusted SOFR
Line Of Credit Facility [Line Items]
Spread on variable rate		0.11448%
Term Loan Facility \| Secured Debt \| Three Month Adjusted SOFR
Line Of Credit Facility [Line Items]
Spread on variable rate		0.26161%
Term Loan Facility \| Secured Debt \| Six Month Adjusted SOFR
Line Of Credit Facility [Line Items]
Spread on variable rate		0.42826%
Current Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt	$ 260,000,000			$ 253,500,000	$ 260,000,000
Debt origination fees	$ 3,800,000
Percentage of original issue discount	3.00%
Amount of original issue discount	$ 7,800,000
Line of credit facility, maturity date				Dec. 29, 2028
Current Term Loan Facility \| Fortress Credit Corp
Line Of Credit Facility [Line Items]
Line of credit facility, amortization rate	1.25%
Current Term Loan Facility \| SOFR
Line Of Credit Facility [Line Items]
Spread on variable rate		2.00%
Current Term Loan Facility \| 8.25% Interest Rate \| SOFR
Line Of Credit Facility [Line Items]
Interest charged based on leverage ratio		8.25%
Annual leverage ratio		275.00%
Current Term Loan Facility \| 8.00% Interest Rate \| SOFR
Line Of Credit Facility [Line Items]
Interest charged based on leverage ratio		8.00%
Current Term Loan Facility \| 8.00% Interest Rate \| SOFR \| Minimum
Line Of Credit Facility [Line Items]
Annual leverage ratio		225.00%
Current Term Loan Facility \| 8.00% Interest Rate \| SOFR \| Maximum
Line Of Credit Facility [Line Items]
Annual leverage ratio		275.00%
Current Term Loan Facility \| 7.75% Interest Rate \| SOFR
Line Of Credit Facility [Line Items]
Interest charged based on leverage ratio		7.75%
Current Term Loan Facility \| 7.75% Interest Rate \| SOFR \| Maximum
Line Of Credit Facility [Line Items]
Annual leverage ratio		225.00%
Current Term Loan Facility \| 7.25% Interset Rate \| Base Rate
Line Of Credit Facility [Line Items]
Interest charged based on leverage ratio		7.25%
Current Term Loan Facility \| 7.25% Interset Rate \| Base Rate \| Minimum
Line Of Credit Facility [Line Items]
Annual leverage ratio		275.00%
Current Term Loan Facility \| 7.00% Interest Rate \| Base Rate
Line Of Credit Facility [Line Items]
Interest charged based on leverage ratio		7.00%
Current Term Loan Facility \| 7.00% Interest Rate \| Base Rate \| Minimum
Line Of Credit Facility [Line Items]
Annual leverage ratio		225.00%
Current Term Loan Facility \| 7.00% Interest Rate \| Base Rate \| Maximum
Line Of Credit Facility [Line Items]
Annual leverage ratio		275.00%
Current Term Loan Facility \| 6.75% Interest Rate \| Base Rate
Line Of Credit Facility [Line Items]
Interest charged based on leverage ratio		6.75%
Current Term Loan Facility \| 6.75% Interest Rate \| Base Rate \| Maximum
Line Of Credit Facility [Line Items]
Annual leverage ratio		225.00%
Current Term Loan Facility \| Secured Debt \| Fortress Credit Corp
Line Of Credit Facility [Line Items]
Prepayment premium on or before December 29, 2024	3.00%
Prepayment premium between December 30, 2024 and December 29, 2025	2.00%
Debt instrument prepayment premium between December 30, 2025 And December 29, 2026.	1.00%
Prepayment premium between December 30, 2026 and December 29, 2027	0.50%
Current Term Loan Facility \| Secured Debt \| Minimum \| Fortress Credit Corp
Line Of Credit Facility [Line Items]
Mandatory prepayment terms, amount equal to borrowers' excess cash flows, percentage	0.00%
Current Term Loan Facility \| Secured Debt \| Maximum \| Fortress Credit Corp
Line Of Credit Facility [Line Items]
Mandatory prepayment terms, amount equal to borrowers' excess cash flows, percentage	75.00%
Former Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt						$ 237,188,000
Former Term Loan Facility \| Secured Debt \| Minimum
Line Of Credit Facility [Line Items]
Federal funds rate		0.00%
Former Term Loan Facility \| Secured Debt \| Federal Funds Rate
Line Of Credit Facility [Line Items]
Spread on variable rate		0.50%
Former Term Loan Facility \| Secured Debt \| Alternate Base Rate
Line Of Credit Facility [Line Items]
Spread on variable rate		8.75%
Former Term Loan Facility \| Secured Debt \| One Month Adjusted SOFR
Line Of Credit Facility [Line Items]
Spread on variable rate		1.00%
Former Term Loan Facility \| Secured Debt \| SOFR
Line Of Credit Facility [Line Items]
Spread on variable rate		9.75%

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Income Statement [Abstract]
Net revenue	$ 317,173	$ 323,363	$ 602,644	$ 632,921
Cost of sales (exclusive of depreciation and amortization)	165,288	183,766	311,779	355,387
Gross profit	151,885	139,597	290,865	277,534
Selling and administrative	135,510	123,866	262,911	242,380
Depreciation and amortization	8,692	9,543	17,697	18,844
Other operating expense, net	5,197	390	5,538	592
Operating income	2,486	5,798	4,719	15,718
Interest expense	10,447	12,024	20,783	24,307
Other (income), net	(84)	(169)	(172)	(356)
Loss before income taxes	(7,877)	(6,057)	(15,892)	(8,233)
Income tax (benefit) expense	(2,626)	1,961	(4,199)	1,437
NET LOSS	$ (5,251)	$ (8,018)	$ (11,693)	$ (9,670)
NET LOSS PER COMMON SHARE
Basic:	$ (0.17)	$ (0.25)	$ (0.37)	$ (0.30)
Diluted:	$ (0.17)	$ (0.25)	$ (0.37)	$ (0.30)
Basic weighted average common shares outstanding	31,376	32,117	31,407	32,280
Diluted weighted average common shares outstanding	31,376	32,117	31,407	32,280

Other Comprehensive Loss - Schedule of Other Comprehensive Loss (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023	May 03, 2024	Feb. 02, 2024	Apr. 28, 2023	Jan. 27, 2023
Equity [Abstract]
Accumulated other comprehensive loss, tax	$ 3,989	$ 4,317	$ 3,989	$ 4,317	$ 4,068	$ 4,271	$ 4,503	$ 4,525
Foreign currency translations adjustments, tax	$ (79)	$ (186)	$ (282)	$ (208)

Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Aug. 02, 2024

Payables and Accruals [Abstract]

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


(in thousands)	August 2, 2024		July 28, 2023		February 2, 2024
Deferred gift card revenue	$	34,179	$	33,556	$	35,604
Accrued employee compensation and benefits		20,238		22,922		28,449
Reserve for sales returns and allowances		14,907		18,404		21,560
Deferred revenue		9,302		8,081		4,314
Accrued property, sales and other taxes		7,412		8,300		8,795
Other		5,152		9,369		10,250
Total Accrued expenses and other current liabilities	$	91,190	$	100,632	$	108,972

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Feb. 02, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target shares earned			100.00%
Adjustment percentage of earned shares, overall cap of target shares			200.00%
Modifier limitation percentage of target shares in event of TSR negative			100.00%
Consecutive trading day the highest average per share common stock closing stock price measured			20 days
Performance grants	100.00%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target shares earned	50.00%
Adjustment percentage of earned shares			75.00%
Performance awards with stock performance criteria target percentage earned			0.00%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target shares earned	200.00%
Adjustment percentage of earned shares			125.00%
Performance awards with stock performance criteria target percentage earned			100.00%
Deferred Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Compensation expense unvested not yet recognized	$ 7.0
Compensation expense unvested or expected to vest not yet recognized, recognition period	2 years 1 month 6 days
Fair value of awards, vested	$ 3.7	$ 5.1
Performance Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
Compensation expense unvested or expected to vest not yet recognized, recognition period	2 years 2 months 12 days
Performance awards period considered	3 years
Compensation expense unvested or expected to vest not yet recognized	$ 3.7
Option Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options awards expiration period	10 years
Compensation expense unvested or expected to vest not yet recognized, recognition period	1 year 3 months 18 days
Compensation expense unvested or expected to vest not yet recognized	$ 0.5

Stock-Based Compensation - Summary of Performance Awards Activity (Details) - Performance Awards shares in Thousands	6 Months Ended
	Aug. 02, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Unvested awards at beginning of period \| shares	607
Number of Shares, Granted \| shares	264
Number of Shares, Change in estimate - performance \| shares	(57)
Number of Shares, Vested \| shares	0
Number of Shares, Forfeited \| shares	(23)
Number of Shares, Unvested awards at end of period \| shares	791
Weighted Average Grant Date Fair Value, Unvested awards at beginning of period \| $ / shares	$ 13.14
Weighted Average Grant Date Fair Value, Granted \| $ / shares	10.3
Weighted Average Grant Date Fair Value, Change in estimate - performance \| $ / shares	29.95
Weighted Average Grant Date Fair Value, Vested \| $ / shares	0
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	12.87
Weighted Average Grant Date Fair Value, Unvested awards at end of period \| $ / shares	$ 11

Segment Reporting (Tables)

6 Months Ended

Aug. 02, 2024

Segment Reporting [Abstract]

Summary of Net Revenue by Distribution Channel

Net revenue is presented by distribution channel in the following tables:


	13 Weeks Ended		% of Net			13 Weeks Ended		% of Net
(in thousands)	August 2, 2024		Revenue			July 28, 2023		Revenue
Net revenue:
U.S. eCommerce	$	188,336		59.4	%	$	195,921		60.6	%
International		22,950		7.2	%		22,818		7.1	%
Outfitters		63,159		19.9	%		67,984		21.0	%
Third Party		30,114		9.5	%		24,395		7.5	%
Retail		12,614		4.0	%		12,245		3.8	%
Total Net revenue	$	317,173				$	323,363


	26 Weeks Ended		% of Net			26 Weeks Ended		% of Net
(in thousands)	August 2, 2024		Revenue			July 28, 2023		Revenue
Net revenue:
U.S. eCommerce	$	358,868		59.5	%	$	373,623		59.0	%
International		47,918		8.0	%		48,210		7.6	%
Outfitters		105,836		17.6	%		141,953		22.4	%
Third Party		67,568		11.2	%		47,384		7.5	%
Retail		22,454		3.7	%		21,751		3.5	%
Total Net revenue	$	602,644				$	632,921

Segment Reporting

6 Months Ended

Aug. 02, 2024

Segment Reporting [Abstract]

Segment Reporting

NOTE 12. SEGMENT REPORTING

For the 26 weeks ended August 2, 2024, the Company’s operating segments consisted of: U.S. eCommerce, Europe eCommerce, Outfitters, Third Party and Retail.

The Company determined that each of the operating segments have similar economic and other qualitative characteristics, thus the results of the operating segments are aggregated into one external reportable segment.

Lands’ End identifies five separate distribution channels for revenue reporting purposes:

•

U.S. eCommerce offers products through the Company’s eCommerce website.

•

International offers products primarily to consumers located in Europe and through the Company’s eCommerce international websites and third-party affiliates.

•

Outfitters sells uniform and logo apparel to businesses and their employees, as well as to student households through school relationships, located primarily in the U.S.

•

Third Party sells the same products as U.S. eCommerce but direct to consumers through third-party marketplace websites and through domestic wholesale relationships. In addition, Third Party generates revenue from licensing agreements.

•

Retail sells products through the Company Operated stores.

Net revenue is presented by distribution channel in the following tables:


	13 Weeks Ended		% of Net			13 Weeks Ended		% of Net
(in thousands)	August 2, 2024		Revenue			July 28, 2023		Revenue
Net revenue:
U.S. eCommerce	$	188,336		59.4	%	$	195,921		60.6	%
International		22,950		7.2	%		22,818		7.1	%
Outfitters		63,159		19.9	%		67,984		21.0	%
Third Party		30,114		9.5	%		24,395		7.5	%
Retail		12,614		4.0	%		12,245		3.8	%
Total Net revenue	$	317,173				$	323,363


	26 Weeks Ended		% of Net			26 Weeks Ended		% of Net
(in thousands)	August 2, 2024		Revenue			July 28, 2023		Revenue
Net revenue:
U.S. eCommerce	$	358,868		59.5	%	$	373,623		59.0	%
International		47,918		8.0	%		48,210		7.6	%
Outfitters		105,836		17.6	%		141,953		22.4	%
Third Party		67,568		11.2	%		47,384		7.5	%
Retail		22,454		3.7	%		21,751		3.5	%
Total Net revenue	$	602,644				$	632,921

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Fair Value Measurements of Financial Assets and Liabilities

6 Months Ended

Aug. 02, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements of Financial Assets and Liabilities

NOTE 9. FAIR VALUE MEASUREMENTS OF FINANCIAL ASSETS AND LIABILITIES

Cash and cash equivalents and restricted cash is reflected on the Condensed Consolidated Balance Sheets at fair value based on Level 1 inputs. Cash and cash equivalents and restricted cash amounts are valued based upon statements received from financial institutions. The fair value of restricted cash was $2.2 million, $1.8 million and $2.0 million as of August 2, 2024, July 28, 2023 and February 2, 2024, respectively.

Carrying amounts and fair values of long-term debt, including current portion, in the Condensed Consolidated Balance Sheets are as follows:


	August 2, 2024				July 28, 2023				February 2, 2024
(in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt, including current portion	$	253,500	$	246,160	$	237,188	$	226,786	$	260,000	$	258,139

The Company’s valuation of long-term debt, including current portion, at fair value is considered a Level 3 instrument under the fair value hierarchy. The Company’s valuation techniques include the Black-Derman-Toy (“BDT”) model as well as market inputs from management. The BDT modeling approach is particularly relevant given the Current Term Loan Facility’s features, including the optional redemption provision. There were no nonfinancial assets or nonfinancial liabilities recognized at fair value on a nonrecurring basis as of August 2, 2024, July 28, 2023 and February 2, 2024.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stockholders' Equity

6 Months Ended

Aug. 02, 2024

Stockholders' Equity Note [Abstract]

Stockholders' Equity

NOTE 7. STOCKHOLDERS’ EQUITY

Share Repurchase Program

On June 28, 2022, the Company announced that its Board of Directors authorized the Company to repurchase up to $50.0 million of the Company’s common stock through February 2, 2024 (the “2022 Share Repurchase Program”). Under the 2022 Share Repurchase Program, the Company could repurchase its common stock through open market purchases, in privately negotiated transactions, or by other means in accordance with federal securities laws, including Rule 10b-18 of the Exchange Act. The amount and timing of purchases were determined by the Company’s management depending upon market conditions and other factors and at times were made pursuant to a Rule 10b5-1 trading plan. The 2022 Share Repurchase Program expired on February 2, 2024.

On March 15, 2024, the Company announced that its Board of Directors authorized the Company to repurchase up to $25.0 million of the Company’s common stock through March 31, 2026 (the “2024 Share Repurchase Program”). Under the 2024 Share Repurchase Program, the Company may repurchase its common stock through open market purchases, in privately negotiated transactions, or by other means in accordance with federal securities laws, including Rule 10b-18 of the Exchange Act. The amount and timing of purchases will be determined by the Company’s management depending upon market conditions and other factors and may be made pursuant to a Rule 10b5-1 trading plan. The 2024 Share Repurchase Program may be suspended or discontinued at any time. As of August 2, 2024, additional purchases of up to $20.3 million could be made under the 2024 Share Repurchase Program. All repurchases are subject to compliance with the Current Term Loan Facility which imposes a per fiscal year limitation on share repurchases.

The following table summarizes the Company’s share repurchases for the 13 and 26 weeks ended August 2, 2024 (under the 2024 Share Repurchase Program) and July 28, 2023 (under the 2022 Share Repurchase Program):


	13 Weeks Ended				26 Weeks Ended
(Shares and $ in thousands except average per share cost)	August 2, 2024		July 28, 2023		August 2, 2024		July 28, 2023
Number of shares repurchased		254		403		339		833
Total cost	$	3,731	$	3,000	$	4,744	$	6,772
Average per share cost (1)	$	14.70	$	7.45	$	13.99	$	8.13

(1)

Average price paid per share excludes broker commissions and excise tax.

The Company retired all shares that were repurchased through the 2024 Share Repurchase Program and the 2022 Share Repurchase Program during the 26 weeks ended August 2, 2024 and July 28, 2023, respectively. In accordance with the FASB ASC 505—Equity, the par value of the shares retired was charged against Common stock and the remaining purchase price was allocated between Additional paid-in capital and (Accumulated deficit) Retained earnings. The portion charged against Additional paid-in capital is determined based on the Additional paid-in capital per share amount recorded in the initial issuance of the shares with the remaining to (Accumulated deficit) Retained earnings. Shares purchased at a price less than that of initial issuance is charged only against Additional paid-in capital. The total cost of the broker commissions and excise tax is charged directly to (Accumulated deficit) Retained earnings. For the shares retired during the 13 and 26 weeks ended August 2, 2024, $1.0 million and $1.2 million, respectively, was charged to (Accumulated deficit) Retained Earnings. For the shares retired during the 13 and 26 weeks ended July 28, 2023, no amount was charged to (Accumulated deficit) Retained earnings.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Other Comprehensive Loss - Schedule of Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Aug. 02, 2024	May 03, 2024	Jul. 28, 2023	Apr. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Equity [Abstract]
Beginning balance: Accumulated other comprehensive loss (net of tax of $4,068, $4,503, $4,271 and $4,525, respectively)	$ (16,582)	$ (16,069)	$ (16,941)	$ (17,022)	$ (16,069)	$ (17,022)
Other comprehensive income (loss):
Foreign currency translation adjustments (net of tax of ($79), ($186), ($282) and ($208), respectively)	299	(513)	700	81	(214)	781
Ending balance: Accumulated other comprehensive loss (net of tax of $3,989, $4,317, $3,989 and $4,317, respectively)	$ (16,283)	$ (16,582)	$ (16,241)	$ (16,941)	$ (16,283)	$ (16,241)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

Revenue

6 Months Ended

Aug. 02, 2024

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 13. REVENUE

Net Revenue

Product Sales

Revenue includes sales of merchandise and delivery revenue related to merchandise sold. Substantially all of the Company’s revenue is recognized when control of product passes to customers, which for the U.S. eCommerce, International, Outfitters and Third Party distribution channels is when the merchandise is expected to be received by the customer and for the Retail distribution channel is at the time of sale in the store. The Company recognizes revenue, including shipping and handling fees billed to customers, in the amount expected to be received when control of the Company’s products transfers to customers, and is presented net of various forms of promotions, which range from contractually fixed percentage price reductions to sales returns, discounts, and other incentives that may vary in amount. Variable amounts are estimated based on an analysis of historical experience and adjusted as better estimates become available.


	13 Weeks Ended				26 Weeks Ended
(in thousands)	August 2, 2024		July 28, 2023		August 2, 2024		July 28, 2023
Net revenue:
United States	$	291,041	$	296,653	$	548,548	$	577,057
Europe		23,330		23,305		48,638		49,182
Other		2,802		3,405		5,458		6,682
Total Net revenue	$	317,173	$	323,363	$	602,644	$	632,921

Licensing Agreements

The Company generates royalty revenue from licensing the right to use its trademarks to third parties. The licensing agreements generally are exclusive to a product category, selling channel and/or geography, have terms in excess of one year, provide for annual guaranteed minimum royalties and, in most cases, include renewal options. In certain agreements, the licensee pays the Company a fulfillment fee for licensed product sold on the Company’s website and fulfilled from the Company’s distribution center. The trademark royalty revenue and fulfillment fee are included in Net revenue and reported in the Third Party distribution channel. See Note 12, Segment Reporting.

In exchange for providing these rights, the license agreements require the licensees to pay the Company a trademark royalty based on net sales as defined in the license agreements. The Company recognizes sales-based royalty revenue at the later of (i) when the related sales of the licensed product occur, or (ii) when the performance obligation has been satisfied, when the Company expects the annual guaranteed minimums will be met, where such provisions exist. If a sales-based royalty is not ultimately expected to exceed a contractually guaranteed minimum royalty amount, the minimum is recognized straight-line as revenue over the contractual period, if all other criteria of revenue recognition have been met.

In certain agreements, the Company agreed to perform transitional activities, such as marketing costs, for the licensed products. The Company receives reimbursement for such costs. The amount of these reimbursements, which are recorded as a reduction of Selling and administrative expenses in the Condensed Consolidated Statements of Operations, for the 13 and 26 weeks ended August 2, 2024 was $2.1 million and $3.3 million, respectively.

Contract Liabilities

Contract liabilities consist of payments received in advance of the transfer of control to the customer. As products are delivered and control transfers, the Company recognizes the deferred revenue in Net revenue in the Condensed Consolidated Statements of Operations. The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer, reported in Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets, and amounts recognized through Net revenue for each period presented. The majority of deferred revenue as of August 2, 2024 is expected to be recognized in Net revenue in the fiscal quarter ending November 1, 2024, as products are delivered to customers.


	13 Weeks Ended						26 Weeks Ended
(in thousands)	August 2, 2024			July 28, 2023			August 2, 2024			July 28, 2023
Deferred revenue beginning of period	$	9,340		$	6,019		$	4,314		$	7,484
Deferred revenue recognized in period		(9,125	)		(5,805	)		(4,100	)		(7,270	)
Revenue deferred in period		9,087			7,867			9,088			7,867
Deferred revenue end of period	$	9,302		$	8,081		$	9,302		$	8,081

Revenue from gift cards is recognized when (i) the gift card is redeemed by the customer for merchandise, or (ii) as gift card breakage, an estimate of gift cards which will not be redeemed where the Company does not have a legal obligation to remit the value of the unredeemed gift cards to the relevant jurisdictions. Gift card breakage is recorded within Net revenue in the Condensed Consolidated Statements of Operations. Prior to their redemption, gift cards are recorded as a liability and included within Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets. The liability is estimated based on expected breakage that considers historical patterns of redemption. The following table provides the reconciliation of the contract liability related to gift cards:


	13 Weeks Ended						26 Weeks Ended
(in thousands)	August 2, 2024			July 28, 2023			August 2, 2024			July 28, 2023
Balance as of beginning of period	$	35,119		$	34,222		$	35,604		$	33,029
Gift cards sold		14,562			13,171			29,617			28,786
Gift cards redeemed		(14,019	)		(13,048	)		(28,212	)		(26,682	)
Gift card breakage		(1,483	)		(789	)		(2,830	)		(1,577	)
Balance as of end of period	$	34,179		$	33,556		$	34,179		$	33,556

Refund Liabilities

Refund liabilities, primarily associated with product sales returns and retrospective volume rebates, represent variable consideration and are estimated and recorded as a reduction to Net revenue based on historical experience. Refund liabilities, primarily associated with estimated product returns, were $14.9 million, $18.4 million and $21.6 million as of August 2, 2024, July 28, 2023 and February 2, 2024, respectively, and reported in Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Loss Per Share - Schedule of Components of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Aug. 02, 2024	May 03, 2024	Jul. 28, 2023	Apr. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Earnings Per Share [Abstract]
Net loss	$ (5,251)	$ (6,442)	$ (8,018)	$ (1,652)	$ (11,693)	$ (9,670)
Basic weighted average common shares outstanding	31,376		32,117		31,407	32,280
Diluted weighted average common shares outstanding	31,376		32,117		31,407	32,280
Basic loss per share	$ (0.17)		$ (0.25)		$ (0.37)	$ (0.30)
Diluted loss per share	$ (0.17)		$ (0.25)		$ (0.37)	$ (0.30)
Anti-dilutive shares excluded from diluted loss per common share calculation	509		1,618		806	1,411

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue - Reconciliation of Gift Card Contract Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Revenue from Contract with Customer [Abstract]
Balance as of beginning of period	$ 35,119	$ 34,222	$ 35,604	$ 33,029
Gift cards sold	14,562	13,171	29,617	28,786
Gift cards redeemed	(14,019)	(13,048)	(28,212)	(26,682)
Gift card breakage	(1,483)	(789)	(2,830)	(1,577)
Balance as of end of period	$ 34,179	$ 33,556	$ 34,179	$ 33,556

Commitments and Contingencies

6 Months Ended

Aug. 02, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 11. COMMITMENTS AND CONTINGENCIES

Legal Proceedings

The Company is party to various claims, legal proceedings and investigations arising in the ordinary course of business. Some of these actions involve complex factual and legal issues and are subject to uncertainties. At this time, the Company is not able to either predict the outcome of these legal proceedings or reasonably estimate a potential range of loss with respect to the proceedings. While it is not feasible to predict the outcome of such pending claims, proceedings and investigations with certainty, management is of the opinion that their ultimate resolution should not have a material adverse effect on results of operations, cash flows or financial position taken as a whole.

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock Issued	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance at Jan. 27, 2023	$ 380,752	$ 326	$ 366,181	$ 31,267	$ (17,022)
Balance, shares at Jan. 27, 2023		32,626
Net loss	(1,652)			(1,652)
Cumulative translation adjustment, net of tax	81				81
Stock-based compensation expense	1,083		1,083
Vesting of restricted shares		$ 3	(3)
Vesting of restricted shares, shares		408
Common stock withheld related to net share settlement of equity awards	(1,199)		(1,199)
Common stock withheld related to net share settlement of equity awards, shares		(144)
Purchases and retirement of common stock	(3,781)	$ (4)	(3,777)
Purchases and retirement of common stock, shares		(430)
Balance at Apr. 28, 2023	375,284	$ 325	362,285	29,615	(16,941)
Balance, shares at Apr. 28, 2023		32,460
Balance at Jan. 27, 2023	380,752	$ 326	366,181	31,267	(17,022)
Balance, shares at Jan. 27, 2023		32,626
Net loss	(9,670)
Cumulative translation adjustment, net of tax	781
Balance at Jul. 28, 2023	365,768	$ 321	360,091	21,597	(16,241)
Balance, shares at Jul. 28, 2023		32,087
Balance at Apr. 28, 2023	375,284	$ 325	362,285	29,615	(16,941)
Balance, shares at Apr. 28, 2023		32,460
Net loss	(8,018)			(8,018)
Cumulative translation adjustment, net of tax	700				700
Stock-based compensation expense	810		810
Vesting of restricted shares, shares		2
Purchases and retirement of common stock	(3,008)	$ (4)	(3,004)
Purchases and retirement of common stock, shares		(375)
Balance at Jul. 28, 2023	365,768	$ 321	360,091	21,597	(16,241)
Balance, shares at Jul. 28, 2023		32,087
Balance at Feb. 02, 2024	241,593	$ 315	356,764	(99,417)	(16,069)
Balance, shares at Feb. 02, 2024		31,433
Net loss	(6,442)			(6,442)
Cumulative translation adjustment, net of tax	(513)				(513)
Stock-based compensation expense	1,226		1,226
Vesting of restricted shares, shares		90
Common stock withheld related to net share settlement of equity awards	(249)		(249)
Common stock withheld related to net share settlement of equity awards, shares		(31)
Purchases and retirement of common stock	(1,014)	$ (1)	(870)	(143)
Purchases and retirement of common stock, shares		(85)
Balance at May. 03, 2024	234,601	$ 314	356,871	(106,002)	(16,582)
Balance, shares at May. 03, 2024		31,407
Balance at Feb. 02, 2024	241,593	$ 315	356,764	(99,417)	(16,069)
Balance, shares at Feb. 02, 2024		31,433
Net loss	(11,693)
Cumulative translation adjustment, net of tax	(214)
Balance at Aug. 02, 2024	226,514	$ 313	354,768	(112,284)	(16,283)
Balance, shares at Aug. 02, 2024		31,256
Balance at May. 03, 2024	234,601	$ 314	356,871	(106,002)	(16,582)
Balance, shares at May. 03, 2024		31,407
Net loss	(5,251)			(5,251)
Cumulative translation adjustment, net of tax	299				299
Stock-based compensation expense	1,432		1,432
Vesting of restricted shares		$ 1	(1)
Vesting of restricted shares, shares		160
Common stock withheld related to net share settlement of equity awards	(792)		(792)
Common stock withheld related to net share settlement of equity awards, shares		(57)
Purchases and retirement of common stock, including excise tax	(3,775)	$ (2)	(2,742)	(1,031)
Purchases and retirement of common stock, including excise tax, shares		(254)
Balance at Aug. 02, 2024	$ 226,514	$ 313	$ 354,768	$ (112,284)	$ (16,283)
Balance, shares at Aug. 02, 2024		31,256

Income Taxes - Additional Information (Details)	3 Months Ended		6 Months Ended
Income Taxes - Additional Information (Details)	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Income Tax Examination [Line Items]
Effective income tax (expense) benefit, percentage	33.40%	(32.40%)	26.40%	(17.50%)
U.S. federal statutory rate	21.00%		21.00%

Revenue - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 02, 2024	Aug. 02, 2024	Feb. 02, 2024	Jul. 28, 2023
Selling and Administrative Expenses
Deferred Revenue Arrangement [Line Items]
Reimbursement amount	$ 2.1	$ 3.3
Accrued Expenses and Other Current Liabilities
Deferred Revenue Arrangement [Line Items]
Refund liabilities	$ 14.9	$ 14.9	$ 21.6	$ 18.4

Stockholders' Equity (Tables)

6 Months Ended

Aug. 02, 2024

Share Repurchase Program

Equity Class Of Treasury Stock [Line Items]

Summary of Share Repurchases


	13 Weeks Ended				26 Weeks Ended
(Shares and $ in thousands except average per share cost)	August 2, 2024		July 28, 2023		August 2, 2024		July 28, 2023
Number of shares repurchased		254		403		339		833
Total cost	$	3,731	$	3,000	$	4,744	$	6,772
Average per share cost (1)	$	14.70	$	7.45	$	13.99	$	8.13

(1)

Average price paid per share excludes broker commissions and excise tax.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (11,693)	$ (9,670)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	17,697	18,844
Amortization of debt issuance costs	1,354	1,634
Loss on disposal of property and equipment	52	100
Stock-based compensation	2,658	1,893
Deferred income taxes	329	4,905
Long-lived asset impairment	2,805
Other	(276)	(255)
Change in operating assets and liabilities:
Accounts receivable, net	7,834	19,861
Inventories, net	(10,346)	30,427
Accounts payable	14,023	(8,988)
Other operating assets	(2,031)	2,354
Other operating liabilities	(17,497)	(6,278)
Net cash provided by operating activities	4,909	54,827
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of property and equipment	20
Purchases of property and equipment	(11,470)	(22,862)
Net cash used in investing activities	(11,450)	(22,862)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under ABL Facility	49,000	118,000
Payments of borrowings under ABL Facility	(29,000)	(148,000)
Payments on term loan	(6,500)	(6,875)
Payments of debt issuance costs	(724)	(45)
Payments for taxes related to net share settlement of equity awards	(1,041)	(1,199)
Purchases and retirement of common stock, including excise tax paid	(4,845)	(6,789)
Net cash provided by (used in) financing activities	6,890	(44,908)
Effects of exchange rate changes on cash, cash equivalents and restricted cash	248	(5)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	597	(12,948)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	27,290	41,391
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	27,887	28,443
SUPPLEMENTAL CASH FLOW DATA
Unpaid liability to acquire property and equipment	1,698	3,551
Income taxes paid (refunded)	67	(298)
Interest paid	20,636	22,138
Operating lease right-of-use-assets obtained in exchange for lease liabilities	$ 0	$ 1,542

Fair Value Measurements of Financial Assets and Liabilities - Schedule of Carrying Values and Fair Values of Other Financial Instruments (Details) - USD ($) $ in Thousands	Aug. 02, 2024	Feb. 02, 2024	Jul. 28, 2023
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 253,500	$ 260,000	$ 237,188
Fair Value \| Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 246,160	$ 258,139	$ 226,786

Revenue - Summary of Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Revenue from Contract with Customer [Abstract]
Deferred revenue beginning of period	$ 9,340	$ 6,019	$ 4,314	$ 7,484
Deferred revenue recognized in period	(9,125)	(5,805)	(4,100)	(7,270)
Revenue deferred in period	9,087	7,867	9,088	7,867
Deferred revenue end of period	$ 9,302	$ 8,081	$ 9,302	$ 8,081

Background and Basis of Presentation - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 22, 2023	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023	Feb. 02, 2024
Unusual Risk or Uncertainty [Line Items]
Restructuring costs yet to be paid		$ 2.9		$ 2.9
Restructuring, percentage of reduced corporate positions						10.00%
Restructuring costs		$ 2.3	$ 0.4	$ 2.7	$ 0.4
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]		Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Impairment of operating lease right-of-use assets				$ 0.0	$ 0.0
Impairment of property and equipment, net				0.0	$ 0.0
Term Loan Facility \| Secured Debt \| One Month Adjusted SOFR
Unusual Risk or Uncertainty [Line Items]
Spread on variable rate	0.11448%
Term Loan Facility \| Secured Debt \| Three Month Adjusted SOFR
Unusual Risk or Uncertainty [Line Items]
Spread on variable rate	0.26161%
Term Loan Facility \| Secured Debt \| Six Month Adjusted SOFR
Unusual Risk or Uncertainty [Line Items]
Spread on variable rate	0.42826%
Other Operating Income (Expense) [Member]
Unusual Risk or Uncertainty [Line Items]
Impairment of capitalized internal-use software projects and computer software		$ 2.8		$ 2.8

Debt (Tables)

6 Months Ended

Aug. 02, 2024

Debt Disclosure [Abstract]

Summary of Company's Maximum Borrowing Availability Under ABL Facility


	August 2, 2024			July 28, 2023			February 2, 2024
(in thousands)	Amount		Interest Rate	Amount		Interest Rate	Amount		Interest Rate
ABL Facility limit	$	275,000		$	275,000		$	275,000
Borrowing Base		145,620			207,326			176,311

Outstanding borrowings		20,000	6.68%		70,000	6.82%		—
Outstanding letters of credit		8,101			8,554			9,070
ABL Facility utilization at end of period		28,101			78,554			9,070

ABL Facility borrowing availability	$	117,519		$	128,772		$	167,241

Effective with the Fourth Amendment to the ABL Facility executed May 12, 2023, the benchmark interest rate was changed from LIBOR to SOFR plus an adjustment of 0.10% for all loans (“ABL Adjusted SOFR”). Loan interest rates are selected at the borrower’s election, is either (1) ABL Adjusted SOFR, or (2) a base rate which is the greater of (a) the federal funds rate plus 0.50%, (b) the one-month ABL Adjusted SOFR rate plus 1.00%, or (c) the Wells Fargo “prime rate”. The borrowing margin for ABL Adjusted SOFR loans is (i) less than $95.0 million, 1.25%, (ii) equal to or greater than $95.0 million but less than $180.0 million, 1.50%, and (iii) greater than or equal to $180.0 million, 1.75%. For base rate loans, the borrowing margin is (i) less than $95.0 million, 0.50%, (ii) equal to or greater than $95.0 million but less than $180.0 million, 0.75%, and (iii) greater than or equal to $180.0 million, 1.00% (“Applicable Borrowing Margin”). The Applicable Borrowing Margin for all loans is based upon the average daily total loans outstanding for the previous quarter. The Fourth Amendment had no material interest rate impact.

The ABL Facility fees include (i) commitment fees of 0.25% based upon the average daily unused commitment (aggregate commitment less loans and letter of credit outstanding) under the ABL Facility for the preceding fiscal quarter, (ii) customary letter of credit fees and (iii) customary annual agent fees. As of August 2, 2024, the Company had $20.0 million borrowings outstanding under the ABL Facility.

Schedule of Company's Long Term Debt

The Company’s long-term debt consisted of the following:


	August 2, 2024			July 28, 2023			February 2, 2024
(in thousands)	Amount		Interest Rate	Amount		Interest Rate	Amount		Interest Rate
Former Term Loan Facility	$	—	—%	$	237,188	14.97%	$	—	—%
Current Term Loan Facility		253,500	13.70%		—	—%		260,000	13.70%
Less: Current portion of long-term debt		13,000			13,750			13,000
Less: Unamortized debt issuance costs		10,273			5,416			10,830
Long-term debt, net	$	230,227		$	218,022		$	236,170

Revenue - Disaggregated of Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Disaggregation of Revenue [Line Items]
Net revenue	$ 317,173	$ 323,363	$ 602,644	$ 632,921
United States
Disaggregation of Revenue [Line Items]
Net revenue	291,041	296,653	548,548	577,057
Europe
Disaggregation of Revenue [Line Items]
Net revenue	23,330	23,305	48,638	49,182
Other Geographical Location
Disaggregation of Revenue [Line Items]
Net revenue	$ 2,802	$ 3,405	$ 5,458	$ 6,682

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

Other Comprehensive Loss

6 Months Ended

Aug. 02, 2024

Equity [Abstract]

Other Comprehensive Loss

NOTE 4. OTHER COMPREHENSIVE LOSS

Other comprehensive income (loss) encompasses all changes in equity other than those arising from transactions with stockholders and is comprised solely of foreign currency translation adjustments. Our foreign subsidiaries use their foreign currency as their functional currency. Functional currency assets and liabilities are translated into U.S. Dollars using exchange rates in effect at the balance sheet date, and revenues and expenses are translated at average exchange rates during the period. Resulting translation gains and losses are reported in other comprehensive income (loss), until the substantial liquidation of a subsidiary, at which time accumulated transactions gains or losses are reclassified into net income.


	13 Weeks Ended						26 Weeks Ended
(in thousands)	August 2, 2024			July 28, 2023			August 2, 2024			July 28, 2023
Beginning balance: Accumulated other comprehensive loss (net of tax of $4,068, $4,503, $4,271 and $4,525, respectively)	$	(16,582	)	$	(16,941	)	$	(16,069	)	$	(17,022	)
Other comprehensive income (loss):
Foreign currency translation adjustments (net of tax of ($79), ($186), ($282) and ($208), respectively)		299			700			(214	)		781
Ending balance: Accumulated other comprehensive loss (net of tax of $3,989, $4,317, $3,989 and $4,317, respectively)	$	(16,283	)	$	(16,241	)	$	(16,283	)	$	(16,241	)

No amounts were reclassified out of Accumulated other comprehensive loss during any of the periods presented.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Aug. 02, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Debt

6 Months Ended

Aug. 02, 2024

Debt Disclosure [Abstract]

Debt

NOTE 5. DEBT

ABL Facility

The Company’s $275.0 million committed revolving ABL Facility includes a $70.0 million sublimit for letters of credit and is available for working capital and other general corporate liquidity needs and matures on July 29, 2026. The amount available to borrow is the lesser of (1) the Aggregate Commitments of $275.0 million (“ABL Facility Limit”) or (2) the Borrowing Base or Loan Cap which

is calculated from Eligible Inventory, Trade Receivables and Credit Card Receivables, all foregoing capitalized terms not defined herein are as defined in the ABL Facility.

The following table summarizes the Company’s ABL Facility borrowing availability:


	August 2, 2024			July 28, 2023			February 2, 2024
(in thousands)	Amount		Interest Rate	Amount		Interest Rate	Amount		Interest Rate
ABL Facility limit	$	275,000		$	275,000		$	275,000
Borrowing Base		145,620			207,326			176,311

Outstanding borrowings		20,000	6.68%		70,000	6.82%		—
Outstanding letters of credit		8,101			8,554			9,070
ABL Facility utilization at end of period		28,101			78,554			9,070

ABL Facility borrowing availability	$	117,519		$	128,772		$	167,241

Long-Term Debt

On December 29, 2023, the Company entered into the Current Term Loan Facility which provides borrowings of $260.0 million, the proceeds of which were used to repay all of the indebtedness under the Former Term Loan Facility and to pay fees and expenses in connection with the financing. Origination costs, including a 3% original issue discount of $7.8 million and debt origination fees of $3.8 million, were incurred in connection with entering into the Current Term Loan Facility. The original issue discount and the debt origination fees are presented as a direct deduction from the carrying value of the Current Term Loan Facility and Former Term Loan Facility and are amortized over the term of the loan to Interest expense in the Condensed Consolidated Statements of Operations.

The Current Term Loan Facility will mature on December 29, 2028, and will amortize at a rate equal to 1.25% per quarter. Depending upon the Company’s Total Leverage Ratio, as defined in the Current Term Loan Facility, mandatory prepayments in an amount equal to a percentage of the Company’s excess cash flows in each fiscal year, ranging from 0% to 75% are required. The Current Term Loan Facility also has typical prepayment requirements for the proceeds of certain asset sales, casualty events and extraordinary receipts. Voluntary prepayment and certain mandatory prepayments made (i) on or before December 29, 2024 would result in a prepayment premium equal to 3% of the principal amount of the loan prepaid plus a yield maintenance fee, (ii) between December 30, 2024 and December 29, 2025 would result in a prepayment premium equal to 2% of the principal amount of the loan prepaid, (iii) between December 30, 2025 and December 29, 2026, would result in a prepayment premium equal to 1% of the principal amount of the loan prepaid, (iv) between December 30, 2026 and December 29, 2027, would result in a prepayment premium equal to 0.5% of the principal amount of the loan prepaid and (v) thereafter no prepayment premium is due.

The Company’s long-term debt consisted of the following:


	August 2, 2024			July 28, 2023			February 2, 2024
(in thousands)	Amount		Interest Rate	Amount		Interest Rate	Amount		Interest Rate
Former Term Loan Facility	$	—	—%	$	237,188	14.97%	$	—	—%
Current Term Loan Facility		253,500	13.70%		—	—%		260,000	13.70%
Less: Current portion of long-term debt		13,000			13,750			13,000
Less: Unamortized debt issuance costs		10,273			5,416			10,830
Long-term debt, net	$	230,227		$	218,022		$	236,170

The interest rates per annum applicable to the loans under the Current Term Loan Facility are based on a fluctuating rate of interest equal to, at the Company’s election, either (1) Term Loan Adjusted SOFR loan (subject to a 2% floor) plus an applicable margin, or (2) an alternative base rate loan plus an applicable margin. The applicable margin is based on the Company’s net leverage and will be, (i) for Term Loan Adjusted SOFR loans, 8.25% per annum if the total leverage ratio is greater than or equal to 2.75:1.00, 8.00% per annum if the total leverage ratio is less than 2.75:1.00 but greater than or equal to 2.25:1.00, and 7.75% per annum if the total leverage ratio is less than 2.25:1.00 and (ii) for base rate loans, 7.25% per annum if the total leverage ratio is greater than or equal to 2.75:1.00, 7.00% per annum if the total leverage ratio is less than 2.75:1.00 but greater than or equal to 2.25:1.00, and 6.75% per annum if the total leverage ratio is less than 2.25:1.00. In each case, the net leverage is determined as of the last day of each applicable measurement period.

Effective with the First Amendment to the Former Term Loan Facility executed June 22, 2023, the interest rate benchmark changed from LIBOR to Term Loan Adjusted SOFR. The annual interest rate applicable to the loans under the Former Term Loan Facility was based on a fluctuating rate of interest measured by reference to, at the borrower’s election, either (1) a Term Loan Adjusted SOFR rate plus 9.75% or (2) an alternative base rate (which is the greater of (i) the prime rate published in the Wall Street Journal, (ii) the federal funds rate, which was to be no lower than 0.00% plus ½ of 1.00%, or (iii) the one month Term Loan Adjusted SOFR rate plus 1.00% per annum) plus 8.75%.

Both the Current and Former Term Loan Facilities contain customary agency fees.

Debt Facilities

Guarantees; Security

All obligations under the Debt Facilities are unconditionally guaranteed by Lands’ End, Inc. and, subject to certain exceptions, each of its existing and future direct and indirect subsidiaries. The ABL Facility is secured by a first priority security interest in certain working capital of the borrowers and guarantors consisting primarily of accounts receivable and inventory. The Current Term Loan Facility is also secured by a second priority security interest in the same collateral, with certain exceptions.

The Current Term Loan Facility is also secured by a first priority security interest in certain property and assets, including certain fixed assets such as real estate, stock of subsidiaries and intellectual property, in each case, subject to certain exceptions. The ABL Facility is also secured by a second priority interest in the same collateral, with certain exceptions.

Representations and Warranties; Covenants

Subject to specified exceptions, the Debt Facilities contain various representations and warranties and restrictive covenants that, among other things, restrict Lands’ End, Inc.’s and its subsidiaries’ ability to incur indebtedness (including guarantees), grant liens, make investments, make dividends or distributions with respect to capital stock, make prepayments on other indebtedness, engage in mergers or change the nature of their business.

The Current Term Loan Facility contains financial covenants, including a quarterly maximum total leverage ratio test and a monthly minimum liquidity test.

Under the ABL Facility, if excess availability falls below the greater of 10% of the Loan Cap amount or $15.0 million, the Company will be required to comply with a minimum fixed charge coverage ratio of 1.0 to 1.0.

The Debt Facilities contain certain affirmative covenants, including reporting requirements such as delivery of financial statements, certificates and notices of certain events, maintaining insurance and providing additional guarantees and collateral in certain circumstances.

As of August 2, 2024, the Company was in compliance with its financial covenants in the Debt Facilities.

Events of Default

The Debt Facilities include customary events of default including non-payment of principal, interest or fees, violation of covenants, inaccuracy of representations or warranties, cross defaults related to certain other material indebtedness, bankruptcy and insolvency events, invalidity or impairment of guarantees or security interests, material judgments and change of control.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Debt - Schedule of Company's Long Term Debt (Details) - USD ($) $ in Thousands	Aug. 02, 2024	Feb. 02, 2024	Dec. 29, 2023	Jul. 28, 2023
Line Of Credit Facility [Line Items]
Less: Current portion of long-term debt	$ 13,000	$ 13,000		$ 13,750
Less: Unamortized debt issuance costs	10,273	10,830		5,416
Long-term debt, net	230,227	236,170		218,022
Former Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt				$ 237,188
Debt instrument, interest rate, stated percentage				14.97%
Current Term Loan Facility
Line Of Credit Facility [Line Items]
Secured debt	$ 253,500	$ 260,000	$ 260,000
Debt instrument, interest rate, stated percentage	13.70%	13.70%

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Aug. 02, 2024	May 03, 2024	Jul. 28, 2023	Apr. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (5,251)	$ (6,442)	$ (8,018)	$ (1,652)	$ (11,693)	$ (9,670)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Other Comprehensive Loss (Tables)

6 Months Ended

Aug. 02, 2024

Equity [Abstract]

Schedule of Other Comprehensive Loss


	13 Weeks Ended						26 Weeks Ended
(in thousands)	August 2, 2024			July 28, 2023			August 2, 2024			July 28, 2023
Beginning balance: Accumulated other comprehensive loss (net of tax of $4,068, $4,503, $4,271 and $4,525, respectively)	$	(16,582	)	$	(16,941	)	$	(16,069	)	$	(17,022	)
Other comprehensive income (loss):
Foreign currency translation adjustments (net of tax of ($79), ($186), ($282) and ($208), respectively)		299			700			(214	)		781
Ending balance: Accumulated other comprehensive loss (net of tax of $3,989, $4,317, $3,989 and $4,317, respectively)	$	(16,283	)	$	(16,241	)	$	(16,283	)	$	(16,241	)

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 02, 2024	Feb. 02, 2024	Jul. 28, 2023
Current assets
Cash and cash equivalents	$ 25,648	$ 25,314	$ 26,610
Restricted cash	2,239	1,976	1,833
Accounts receivable, net	27,420	35,295	25,095
Inventories, net	312,014	301,724	396,087
Prepaid expenses and other current assets	47,443	45,951	43,195
Total current assets	414,764	410,260	492,820
Property and equipment, net	106,758	118,033	125,325
Operating lease right-of-use asset	21,182	23,438	29,685
Goodwill		0	106,700
Intangible asset	257,000	257,000	257,000
Other assets	2,812	2,748	2,949
TOTAL ASSETS	802,516	811,479	1,014,479
Current liabilities
Current portion of long-term debt	13,000	13,000	13,750
Accounts payable	143,886	131,922	156,342
Lease liability – current	5,351	6,024	5,643
Accrued expenses and other current liabilities	91,190	108,972	100,632
Total current liabilities	253,427	259,918	276,367
Long-term borrowings under ABL Facility	20,000	0	70,000
Long-term debt, net	230,227	236,170	218,022
Lease liability – long-term	20,843	22,952	29,973
Deferred tax liabilities	48,631	48,020	51,066
Other liabilities	2,874	2,826	3,283
TOTAL LIABILITIES	576,002	569,886	648,711
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Common stock, par value $0.01 authorized: 480,000 shares; issued and outstanding: 31,256, 32,087 and 31,433, respectively	313	315	321
Additional paid-in capital	354,768	356,764	360,091
(Accumulated deficit) Retained earnings	(112,284)	(99,417)	21,597
Accumulated other comprehensive loss	(16,283)	(16,069)	(16,241)
TOTAL STOCKHOLDERS’ EQUITY	226,514	241,593	365,768
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 802,516	$ 811,479	$ 1,014,479

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Aug. 02, 2024	Sep. 03, 2024
Cover [Abstract]
Entity Registrant Name	Lands’ End, Inc.
Document Type	10-Q
Trading Symbol	LE
Current Fiscal Year End Date	--01-31
Entity Common Stock, Shares Outstanding		31,192,577
Amendment Flag	false
Entity Central Index Key	0000799288
Entity Filer Category	Accelerated Filer
Document Period End Date	Aug. 02, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Security Exchange Name	NASDAQ
Entity File Number	001-09769
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-2512786
Entity Address, Address Line One	1 Lands’ End Lane
Entity Address, City or Town	Dodgeville
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53595
City Area Code	608
Local Phone Number	935-9341
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, par value $0.01 per share

Recently Issued Accounting Pronouncements Not Yet Adopted

6 Months Ended

Aug. 02, 2024

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Pronouncements Not Yet Adopted

NOTE 2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which requires public entities to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. The Company is currently assessing the impact of ASU 2023-07 on the Company’s Condensed Consolidated Financial Statement disclosures.

In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures (“ASU 2023-09”), which includes requirements that an entity disclose specific categories in the rate reconciliation and provide additional information for reconciling items that are greater than five percent of the amount computed by multiplying pretax income (or loss) by the applicable statutory income rate. The standard also requires that entities disclose income (or loss) from continuing operations before income tax expense (or benefit) and income tax expense (or benefit) each disaggregated between domestic and foreign. ASU 2023-09 is effective for the annual periods beginning after December 15, 2024. The Company is currently assessing the impact of ASU 2023-09 on the Company’s Condensed Consolidated Financial Statement disclosures.

In March 2024, FASB issued ASU 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements (“ASU 2024-02”), which is intended to simplify the Codification and draw a distinction between authoritative and non-authoritative literature. ASU 2024-02 is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. The Company is currently assessing the impact of ASU 2024-02 on the Company’s Condensed Consolidated Financial Statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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-Paragraph 4
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
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-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
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-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
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-URI https://asc.fasb.org/1943274/2147480530/250-10-S99-6

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-Topic 250
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-Name Accounting Standards Codification
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

+ Details

Condensed Consolidated Statements of Comprehensive Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Jul. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (5,251)	$ (8,018)	$ (11,693)	$ (9,670)
Other comprehensive income (loss), net of tax, foreign currency translation adjustments	299	700	(214)	781
COMPREHENSIVE LOSS	$ (4,952)	$ (7,318)	$ (11,907)	$ (8,889)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Stockholders Equity - Additional Information (Details) - USD ($)			3 Months Ended				6 Months Ended
	Mar. 15, 2024	Jun. 28, 2022	Aug. 02, 2024	May 03, 2024	Jul. 28, 2023	Apr. 28, 2023	Aug. 02, 2024	Jul. 28, 2023
Equity Class Of Treasury Stock [Line Items]
Purchases and retirement of common stock				$ 1,014,000	$ 3,008,000	$ 3,781,000
Retained Earnings
Equity Class Of Treasury Stock [Line Items]
Purchases and retirement of common stock				$ 143,000
2022 Share Repurchase Program
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, authorized amount		$ 50,000,000.0
Stock repurchase program expiration date		Feb. 02, 2024
Purchases and retirement of common stock			$ 3,731,000		3,000,000		$ 4,744,000	$ 6,772,000
2022 Share Repurchase Program \| Retained Earnings
Equity Class Of Treasury Stock [Line Items]
Purchases and retirement of common stock					$ 0			$ 0
2024 Share Repurchase Program
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, authorized amount	$ 25,000,000		20,300,000				20,300,000
Stock repurchase program expiration date	Mar. 31, 2026
2024 Share Repurchase Program \| Retained Earnings
Equity Class Of Treasury Stock [Line Items]
Purchases and retirement of common stock			$ 1,000,000				$ 1,200,000

Stock-Based Compensation - Summary of Information about Option Awards Vested and Expected to Vest (Details) - Option Awards $ / shares in Units, $ in Thousands	6 Months Ended
	Aug. 02, 2024 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Option Awards, Option Awards vested and expected to vest \| shares	217,000
Option Awards, Option Awards exercisable \| shares	91,000
Weighted Average Remaining Contractual Life (Years), Option Awards vested and expected to vest	7 years 7 days
Weighted Average Remaining Contractual Life (Years), Option Awards vested and expected to vest, Option Awards exercisable	5 years 3 months 18 days
Weighted Average Exercise Price, Option Awards vested and expected to vest \| $ / shares	$ 13.34
Weighted Average Exercise Price, Option Awards exercisable \| $ / shares	$ 16.84
Aggregate Intrinsic Value, Option Awards vested and expected to vest \| $	$ 854
Aggregate Intrinsic Value, Option Awards vested and expected to vest, Option Awards exercisable \| $	$ 213

Recently Issued Accounting Pronouncements Not Yet Adopted (Policies)

6 Months Ended

Aug. 02, 2024

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Pronouncements Not Yet Adopted

Stock-Based Compensation - Summary of Changes in Outstanding Options Awards (Details) - Option Awards shares in Thousands	6 Months Ended
	Aug. 02, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Option awards outstanding at beginning of period \| shares	511
Number of Shares, Granted \| shares	0
Number of Shares, Exercised \| shares	0
Number of Shares, Forfeited \| shares	0
Number of Shares, Expired \| shares	(294)
Number of Shares, Option awards outstanding at end of period \| shares	217
Weighted Average Grant Date Fair Value, Unvested option awards at beginning of period \| $ / shares	$ 16.08
Weighted Average Grant Date Fair Value, Granted \| $ / shares	0
Weighted Average Grant Date Fair Value, Exercised \| $ / shares	0
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	0
Weighted Average Grant Date Fair Value, Expired \| $ / shares	18.1
Weighted Average Grant Date Fair Value, Unvested option awards at end of period \| $ / shares	$ 13.34