“Interest Expense (Income), Net Fiscal Years Ending Increase/(Decrease) January 31, February 1, 2026 2025 (In thousands) (In thousands) (Percentage) Interest expense (income) net $ 4,112 $ (7,769 ) $ (11,881 ) 153 % Interest expense (income) as a percentage of net revenue 0.1 % (0.1 ) % -20 basis points The increase in interest expense (income), net was primarily attributable to a $7 million reduction in interest income as a result of lower investable cash balances, as well as a $5 million increase in interest expense as a result of borrowings on our Credit Facility (as defined below) in Fiscal 2025.”
“As set forth below, for Fiscal 2024, we recorded $10.7 million of employee severance related to corporate restructuring, and $6.8 million of impairment and restructuring costs due to the sale of our Hong Kong retail operations.”
“The focus and activism related to ESG and similar matters may hinder access to capital as investors and lenders may decide to reallocate capital or not to commit capital as a result of their assessment of a company’s ESG practices.”