Express (EXPRQ) 10-Q 9 Sep 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Aug. 01, 2020	Aug. 29, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 1, 2020
Document Transition Report	false
Entity File Number	001-34742
Entity Registrant Name	EXPRESS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-2828128
Entity Address, Address Line One	1 Express Drive
Entity Address, City or Town	Columbus
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43230
City Area Code	614
Local Phone Number	474-4001
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Outstanding (in shares)		64,837,737
Entity Central Index Key	0001483510
Current Fiscal Year End Date	--01-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock, $.01 par value
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	EXPR
Security Exchange Name	NYSE
Preferred Stock Purchase Rights
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights
Trading Symbol	EXPR
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 192,894	$ 207,139
Receivables, net	18,806	10,824
Income tax receivable	88,724	3,000
Inventories	232,302	220,303
Prepaid rent	6,829	6,850
Other	26,337	22,573
Total current assets	565,892	470,689
RIGHT OF USE ASSET, NET	902,211	1,010,216
PROPERTY AND EQUIPMENT	989,589	979,639
Less: accumulated depreciation	(773,972)	(731,309)
Property and equipment, net	215,617	248,330
DEFERRED TAX ASSETS	0	54,973
OTHER ASSETS	3,724	6,531
Total assets	1,687,444	1,790,739
CURRENT LIABILITIES:
Short-term lease liability	207,672	226,174
Accounts payable	143,491	126,863
Deferred revenue	30,932	38,227
Accrued expenses	145,999	76,211
Total current liabilities	528,094	467,475
LONG-TERM LEASE LIABILITY	816,877	897,304
LONG-TERM DEBT	165,000	0
OTHER LONG-TERM LIABILITIES	28,597	19,658
Total liabilities	1,538,568	1,384,437
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY:
Preferred stock – $0.01 par value; 10,000 shares authorized; no shares issued or outstanding	0	0
Common stock – $0.01 par value; 500,000 shares authorized; 93,632 shares and 93,632 shares issued at August 1, 2020 and February 1, 2020, respectively, and 64,830 shares and 63,922 shares outstanding at August 1, 2020 and February 1, 2020, respectively	936	936
Additional paid-in capital	217,828	215,207
Retained earnings	260,529	533,690
Treasury stock – at average cost; 28,802 shares and 29,710 shares at August 1, 2020 and February 1, 2020, respectively	(330,417)	(343,531)
Total stockholders’ equity	148,876	406,302
Total liabilities and stockholders’ equity	$ 1,687,444	$ 1,790,739

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Aug. 01, 2020	Feb. 01, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock, issued (in shares)	93,632,000	93,632,000
Common stock, outstanding (in shares)	64,830,000	63,922,000
Treasury stock (in shares)	28,802,000	29,710,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Income Statement [Abstract]
NET SALES	$ 245,703	$ 472,715	$ 455,978	$ 923,986
COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS	289,760	346,217	546,242	674,985
Gross (loss)/profit	(44,057)	126,498	(90,264)	249,001
OPERATING EXPENSES:
Selling, general, and administrative expenses	92,805	135,723	191,970	271,090
Other operating (income)/expense, net	(568)	535	(661)	(775)
Total operating expenses	92,237	136,258	191,309	270,315
OPERATING LOSS	(136,294)	(9,760)	(281,573)	(21,314)
INTEREST EXPENSE/(INCOME), NET	1,023	(783)	1,079	(1,495)
OTHER EXPENSE, NET	0	0	2,733	0
LOSS BEFORE INCOME TAXES	(137,317)	(8,977)	(285,385)	(19,819)
INCOME TAX (BENEFIT)/EXPENSE	(29,547)	726	(23,565)	(182)
NET LOSS	(107,770)	(9,703)	(261,820)	(19,637)
COMPREHENSIVE LOSS	$ (107,770)	$ (9,703)	$ (261,820)	$ (19,637)
EARNINGS PER SHARE:
Basic (in USD per share)	$ (1.67)	$ (0.14)	$ (4.07)	$ (0.29)
Diluted (in USD per share)	$ (1.67)	$ (0.14)	$ (4.07)	$ (0.29)
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)	64,645	67,253	64,338	67,049
Diluted (in shares)	64,645	67,253	64,338	67,049

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Treasury Stock
Balance, at start of period (in shares) at Feb. 02, 2019			67,424,000
Balance, at start of period at Feb. 02, 2019	$ 585,178	$ (5,482)	$ 936	$ 211,981	$ 713,864	$ (5,482)	$ 0	$ (341,603)
Balance, at start of period, treasury stock (in shares) at Feb. 02, 2019								26,208,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(9,934)				(9,934)
Exercise of stock options and restricted stock (in shares)			1,024,000					1,024,000
Exercise of stock options and restricted stock	0			(4,316)	(8,735)			$ 13,051
Share-based compensation	2,372			2,372
Repurchase of common stock (in shares)			1,273,000					1,273,000
Repurchase of common stock	(6,387)							$ (6,387)
Balance, at end of period (in shares) at May. 04, 2019			67,175,000
Balance, at end of period at May. 04, 2019	565,747		$ 936	210,037	689,713		0	$ (334,939)
Balance, at end of period, treasury stock (in shares) at May. 04, 2019								26,457,000
Balance, at start of period (in shares) at Feb. 02, 2019			67,424,000
Balance, at start of period at Feb. 02, 2019	585,178	$ (5,482)	$ 936	211,981	713,864	$ (5,482)	0	$ (341,603)
Balance, at start of period, treasury stock (in shares) at Feb. 02, 2019								26,208,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(19,637)
Balance, at end of period (in shares) at Aug. 03, 2019			67,267,000
Balance, at end of period at Aug. 03, 2019	558,464		$ 936	212,150	679,143		0	$ (333,765)
Balance, at end of period, treasury stock (in shares) at Aug. 03, 2019								26,365,000
Balance, at start of period (in shares) at May. 04, 2019			67,175,000
Balance, at start of period at May. 04, 2019	565,747		$ 936	210,037	689,713		0	$ (334,939)
Balance, at start of period, treasury stock (in shares) at May. 04, 2019								26,457,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(9,703)				(9,703)
Exercise of stock options and restricted stock (in shares)			93,000					93,000
Exercise of stock options and restricted stock	0			(311)	(867)			$ 1,178
Share-based compensation	2,424			2,424
Repurchase of common stock (in shares)			1,000					1,000
Repurchase of common stock	(4)							$ (4)
Balance, at end of period (in shares) at Aug. 03, 2019			67,267,000
Balance, at end of period at Aug. 03, 2019	$ 558,464		$ 936	212,150	679,143		0	$ (333,765)
Balance, at end of period, treasury stock (in shares) at Aug. 03, 2019								26,365,000
Balance, at start of period (in shares) at Feb. 01, 2020	63,922,000		63,922,000
Balance, at start of period at Feb. 01, 2020	$ 406,302		$ 936	215,207	533,690		0	$ (343,531)
Balance, at start of period, treasury stock (in shares) at Feb. 01, 2020	29,710,000							29,710,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ (154,050)				(154,050)
Exercise of stock options and restricted stock (in shares)			802,000					802,000
Exercise of stock options and restricted stock	0			(1,609)	(7,659)			$ 9,268
Share-based compensation	2,502			2,502
Repurchase of common stock (in shares)			268,000					268,000
Repurchase of common stock	(540)							$ (540)
Balance, at end of period (in shares) at May. 02, 2020			64,456,000
Balance, at end of period at May. 02, 2020	$ 254,214		$ 936	216,100	371,981		0	$ (334,803)
Balance, at end of period, treasury stock (in shares) at May. 02, 2020								29,176,000
Balance, at start of period (in shares) at Feb. 01, 2020	63,922,000		63,922,000
Balance, at start of period at Feb. 01, 2020	$ 406,302		$ 936	215,207	533,690		0	$ (343,531)
Balance, at start of period, treasury stock (in shares) at Feb. 01, 2020	29,710,000							29,710,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ (261,820)
Repurchase of common stock (in shares)	0
Balance, at end of period (in shares) at Aug. 01, 2020	64,830,000		64,830,000
Balance, at end of period at Aug. 01, 2020	$ 148,876		$ 936	217,828	260,529		0	$ (330,417)
Balance, at end of period, treasury stock (in shares) at Aug. 01, 2020	28,802,000							28,802,000
Balance, at start of period (in shares) at May. 02, 2020			64,456,000
Balance, at start of period at May. 02, 2020	$ 254,214		$ 936	216,100	371,981		0	$ (334,803)
Balance, at start of period, treasury stock (in shares) at May. 02, 2020								29,176,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(107,770)				(107,770)
Exercise of stock options and restricted stock (in shares)			386,000					386,000
Exercise of stock options and restricted stock	0			(732)	(3,682)			$ 4,414
Share-based compensation	$ 2,460			2,460
Repurchase of common stock (in shares)	0		12,000					12,000
Repurchase of common stock	$ (28)							$ (28)
Balance, at end of period (in shares) at Aug. 01, 2020	64,830,000		64,830,000
Balance, at end of period at Aug. 01, 2020	$ 148,876		$ 936	$ 217,828	$ 260,529		$ 0	$ (330,417)
Balance, at end of period, treasury stock (in shares) at Aug. 01, 2020	28,802,000							28,802,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	May 04, 2019	Aug. 01, 2020	Aug. 03, 2019	Feb. 02, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (107,770)	$ (154,050)	$ (9,703)	$ (9,934)	$ (261,820)	$ (19,637)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization					37,323	43,243
Loss on disposal of property and equipment					1	860
Impairment of property, equipment and lease assets	6,800		2,300		21,483	2,281
Equity method investment impairment	500	2,700	500		3,233	500	$ 8,400
Share-based compensation	2,460		2,424		4,962	4,796
Deferred taxes					63,621	164
Landlord allowance amortization					(208)	(1,181)
Other non-cash adjustments					(500)	(500)
Changes in operating assets and liabilities:
Receivables, net					(7,982)	4,841
Income tax receivable					(85,724)	(1,136)
Inventories					(11,999)	(1,039)
Accounts payable, deferred revenue, and accrued expenses					75,588	(22,655)
Other assets and liabilities					(8,361)	(8,809)
Net cash (used in) provided by operating activities					(170,383)	1,728
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures					(10,130)	(12,145)
Net cash used in investing activities					(10,130)	(12,145)
CASH FLOWS FROM FINANCING ACTIVITIES:
Costs incurred in connection with debt arrangements					0	(849)
Proceeds from financing arrangements					167,548	0
Payments on lease financing obligations					0	(54)
Repayments of financing arrangements					(712)	0
Repurchase of common stock under share repurchase program					0	(4,889)
Repurchase of common stock for tax withholding obligations					(568)	(1,502)
Net cash provided by (used in) financing activities					166,268	(7,294)
NET DECREASE IN CASH AND CASH EQUIVALENTS					(14,245)	(17,711)
CASH AND CASH EQUIVALENTS, Beginning of period		$ 207,139		$ 171,670	207,139	171,670
CASH AND CASH EQUIVALENTS, End of period	$ 192,894		$ 153,959		$ 192,894	$ 153,959	$ 171,670

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Aug. 01, 2020
Description of Business and Basis of Presentation [Abstract]
Description of Business and Basis of Presentation	NOTE 1 | DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Business Description Express, Inc., together with its subsidiaries (“Express” or the “Company”), is a modern, versatile, dual gender apparel and accessories brand that helps people get dressed for every day and any occasion. Launched in 1980 with the idea that style, quality and value should all be found in one place, Express has been a brand of the now, offering some of the most important and enduring fashion trends. Express aims to Create Confidence & Inspire Self-Expression through a design & merchandising view that brings forward The Best of Now for Real Life Versatility. The Company operates 593 retail and factory outlet stores in the United States and Puerto Rico, as well as an online destination. As of August 1, 2020, Express operated 378 primarily mall-based retail stores in the United States and Puerto Rico as well as 215 factory outlet stores. Additionally, as of August 1, 2020, the Company earned revenue from 7 franchise stores in Latin America. These franchise stores are operated by franchisees pursuant to franchise agreements. Under the franchise agreements, the franchisees operate stand-alone Express stores that sell Express-branded apparel and accessories purchased directly from the Company. Fiscal Year The Company’s fiscal year ends on the Saturday closest to January 31. Fiscal years are referred to by the calendar year in which the fiscal year commences. References herein to “2020” and “2019” represent the 52-week period ended January 30, 2021 and the 52-week period ended February 1, 2020, respectively. All references herein to “the second quarter of 2020” and “the second quarter of 2019” represent the thirteen weeks ended August 1, 2020 and August 3, 2019, respectively. Basis of Presentation The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and the U.S. Securities and Exchange Commission’s Article 10, Regulation S-X and therefore do not include all of the information or footnotes required for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements reflect all adjustments (which are of a normal recurring nature) necessary to state fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for 2020. Therefore, these statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto for the year ended February 1, 2020, included in the Company’s Annual Report on Form 10-K, filed with the SEC on March 17, 2020. Principles of Consolidation The unaudited Consolidated Financial Statements include the accounts of Express, Inc. and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Segment Reporting The Company defines an operating segment on the same basis that it uses to evaluate performance internally. The Company has determined that, together, its Chief Executive Officer and its President and Chief Operating Officer are the Chief Operating Decision Maker, and that there is one operating segment. Therefore, the Company reports results as a single segment, which includes the operation of its Express brick-and-mortar retail and outlet stores, eCommerce operations, and franchise operations. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expense during the reporting period, as well as the related disclosure of contingent assets and liabilities as of the date of the unaudited Consolidated Financial Statements. Actual results may differ from those estimates. The Company revises its estimates and assumptions as new information becomes available. Impact of the COVID-19 Pandemic In March 2020, the World Health Organization declared the outbreak of the novel strain of coronavirus ("COVID-19") a global pandemic and recommended containment and mitigation measures. Since then, extraordinary actions have been taken by international, federal, state, and local public health and governmental authorities to contain and combat the outbreak and spread of COVID-19. The pandemic has significantly impacted global economies, resulting in workforce and travel restrictions, supply chain and production disruptions and reduced demand and spending across many industries. During March 2020, in response to the COVID-19 outbreak and business disruption resulting from quarantines, stay-at-home orders, and similar mandates, Express temporarily closed all its Company stores and offices, and as a result, all store associates and a number of home office employees were furloughed. For the remainder of the home office employees, remote work arrangements were put in place and were designed to allow for continued operation of the business, including financial reporting systems and internal controls. Express continued to be materially impacted by COVID-19 in the second quarter, as over 30% of Express stores were closed for more than half of the second quarter, and some stores in California and New York remained closed as of August 26, 2020. These continued closures and the potential that additional stores could be closed for a significant amount of time in the future could lead results and cash flows to be significantly different than the Company's forecasts. The Company's website, www.express.com, remained open, supported by third-party logistics providers, and Company employees working remotely.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Aug. 01, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	NOTE 2 | REVENUE RECOGNITION The following is information regarding the Company’s major product categories and sales channels: Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Apparel $ 207,421 $ 408,305 $ 387,004 $ 797,195 Accessories and other 25,888 50,596 47,268 96,456 Other revenue 12,394 13,814 21,706 30,335 Total net sales $ 245,703 $ 472,715 $ 455,978 $ 923,986 Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Retail $ 164,745 $ 337,606 $ 324,282 $ 665,945 Outlet 68,564 121,295 109,990 227,706 Other revenue 12,394 13,814 21,706 30,335 Total net sales $ 245,703 $ 472,715 $ 455,978 $ 923,986 Other revenue consists primarily of revenue earned from our private label credit card agreement, shipping and handling revenue related to eCommerce activity, revenue from gift card breakage, sell-off revenue related to marked-out-of-stock inventory sales to third parties, and revenue from franchise agreements. Revenue related to the Company’s international franchise operations was not material for any period presented and, therefore, are not reported separately from domestic revenue. Revenue Recognition Policies Merchandise Sales The Company recognizes sales for in-store purchases at the point-of-sale. Revenue related to eCommerce transactions is recognized upon shipment based on the fact that control transfers to the customer at that time. The Company has made a policy election to treat shipping and handling as costs to fulfill the contract and as a result any amounts received from customers are included in the transaction price allocated to the performance obligation of providing goods with a corresponding amount accrued within cost of goods sold, buying and occupancy costs in the unaudited Consolidated Statements of Income and Comprehensive Income for amounts paid to applicable carriers. Associate discounts on merchandise purchases are classified as a reduction of net sales. Net sales excludes sales tax collected from customers and remitted to governmental authorities. Loyalty Program The Company maintains a customer loyalty program in which customers earn points toward rewards for qualifying purchases and other marketing activities. Upon reaching specified point values, customers are issued a reward, which they may redeem on merchandise purchases at the Company’s stores or on its website. Generally, rewards earned must be redeemed within 60 days from the date of issuance. The Company defers a portion of merchandise sales based on the estimated standalone selling price of the points earned. This deferred revenue is recognized as certificates that are redeemed or expire. To calculate this deferral, the Company makes assumptions related to card holder redemption rates based on historical experience. The loyalty liability is included in deferred revenue on the unaudited Consolidated Balance Sheets. Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Beginning balance loyalty deferred revenue $ 9,585 $ 14,716 $ 14,063 $ 15,319 Reduction in revenue/(revenue recognized) 284 50 (4,194) (553) Ending balance loyalty deferred revenue $ 9,869 $ 14,766 $ 9,869 $ 14,766 Sales Returns Reserve The Company reduces net sales and provides a reserve for projected merchandise returns based on prior experience. Merchandise returns are often resalable merchandise and are refunded by issuing the same payment tender as the original purchase. The sales returns reserve was $7.8 million and $9.1 million as of August 1, 2020 and February 1, 2020, respectively, and is included in accrued expenses on the unaudited Consolidated Balance Sheets. The asset related to projected returned merchandise is included in other assets on the unaudited Consolidated Balance Sheets. Gift Cards The Company sells gift cards in its stores, on its eCommerce website, and through third parties. These gift cards do not expire or lose value over periods of inactivity. The Company accounts for gift cards by recognizing a liability at the time a gift card is sold. The gift card liability balance was $20.9 million and $24.1 million, as of August 1, 2020 and February 1, 2020, respectively, and is included in deferred revenue on the unaudited Consolidated Balance Sheets. The Company recognizes revenue from gift cards when they are redeemed by the customer. The Company also recognizes income on unredeemed gift cards, referred to as “gift card breakage.” Gift card breakage is recognized proportionately using a time-based attribution method from issuance of the gift card to the time when it can be determined that the likelihood of the gift card being redeemed is remote and that there is no legal obligation to remit unredeemed gift cards to relevant jurisdictions. The gift card breakage rate is based on historical redemption patterns. Gift card breakage is included in net sales in the unaudited Consolidated Statements of Income and Comprehensive Income. Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Beginning gift card liability $ 21,728 $ 21,576 $ 24,142 $ 25,133 Issuances 4,353 7,956 8,393 15,669 Redemptions (4,728) (8,799) (10,146) (18,918) Gift card breakage (488) (767) (1,524) (1,918) Ending gift card liability $ 20,865 $ 19,966 $ 20,865 $ 19,966 Private Label Credit Card The Company has an agreement with Comenity Bank (the “Bank”) to provide customers with private label credit cards (the “Card Agreement”) which was amended on August 28, 2017 to extend the term of the arrangement through December 31, 2024. Each private label credit card bears the logo of the Express brand and can only be used at the Company’s store locations and eCommerce channel. The Bank is the sole owner of the accounts issued under the private label credit card program and absorbs the losses associated with non-payment by the private label card holders and a portion of any fraudulent usage of the accounts. Pursuant to the Card Agreement, the Company receives amounts from the Bank during the term based on a percentage of private label credit card sales and is also eligible to receive incentive payments for the achievement of certain performance targets. These funds are recorded as net sales in the unaudited Consolidated Statements of Income and Comprehensive Income. The Company also receives reimbursement funds from the Bank for certain expenses the Company incurs. These reimbursement funds are used by the Company to fund marketing and other programs associated with the private label credit card. The reimbursement funds received related to private label credit cards are recorded as net sales in the unaudited Consolidated Statements of Income and Comprehensive Income. In connection with the Card Agreement, the Bank agreed to pay the Company a $20.0 million refundable payment which the Company recognized upon receipt as deferred revenue within other long-term liabilities in the Consolidated Balance Sheets and began to recognize into income on a straight-line basis commencing January of 2018. As of August 1, 2020, the deferred revenue balance of $12.7 million will be recognized over the remaining term of the amended Card Agreement within the other revenue component of net sales. Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Beginning balance refundable payment liability $ 13,431 $ 16,309 $ 14,150 $ 17,028 Recognized in revenue (720) (720) (1,439) (1,439) Ending balance refundable payment liability $ 12,711 $ 15,589 $ 12,711 $ 15,589

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 01, 2020
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 3 | EARNINGS PER SHARE The following table provides a reconciliation between basic and diluted weighted-average shares used to calculate basic and diluted earnings per share: Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Weighted-average shares - basic 64,645 67,253 64,338 67,049 Dilutive effect of stock options and restricted stock units — — — — Weighted-average shares - diluted 64,645 67,253 64,338 67,049 Equity awards representing 11.3 million and 10.4 million shares of common stock were excluded from the computation of diluted earnings per share for the thirteen and twenty-six weeks, ended August 1, 2020, respectively, as the inclusion of these awards would have been anti-dilutive. Equity awards representing 6.6 million and 6.3 million shares of common stock were excluded from the computation of diluted earnings per share for the thirteen and twenty-six weeks ended August 3, 2019, respectively, as the inclusion of these awards would have been anti-dilutive. Additionally, for the thirteen weeks ended August 1, 2020, approximately 0.2 million shares were excluded from the computation of diluted weighted average shares because the number of shares that will ultimately be issued is contingent on the Company’s performance compared to pre-established performance goals which have not been achieved as of August 1, 2020.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 01, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 4 | FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date. ■ Level 1 - Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets. ■ Level 2 - Valuation is based upon quoted prices for similar assets and liabilities in active markets or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ■ Level 3 - Valuation is based upon other unobservable inputs that are significant to the fair value measurement. Financial Assets The following table presents the Company’s financial assets, recorded in cash and cash equivalents on the unaudited Consolidated Balance Sheets, measured at fair value on a recurring basis as of August 1, 2020 and February 1, 2020, aggregated by the level in the fair value hierarchy within which those measurements fall. August 1, 2020 Level 1 Level 2 Level 3 (in thousands) Money market funds $ 173,071 $ — $ — February 1, 2020 Level 1 Level 2 Level 3 (in thousands) Money market funds $ 188,182 $ — $ — The money market funds are valued using quoted market prices in active markets. The carrying amounts reflected on the unaudited Consolidated Balance Sheets for the remaining cash and cash equivalents, receivables, prepaid expenses, and payables as of August 1, 2020 and February 1, 2020 approximated their fair values. Non-Financial Assets The Company’s non-financial assets, which include fixtures, equipment, improvements, and right of use assets are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur indicating the carrying value of these assets may not be recoverable, an impairment test is required. For stores that trigger, a recovery test is performed first comparing the undiscounted cash flows to the net assets of the store. The second step impairment test requires the Company to estimate the fair value of the assets and compare this to the carrying value of the assets. If the fair value of the asset is less than the carrying value, then an impairment charge is recognized, and the non-financial assets are recorded at fair value. The Company estimates the fair value using a discounted cash flow model or other fair value models as appropriate. Factors used in the evaluation include, but are not limited to, management’s plans for future operations, recent operating results, projected cash flows, and overall economic factors, including the current global outbreak of COVID-19. As a result of the COVID-19 pandemic, including temporary store closures and the related decline in sales beginning in March 2020 and continuing through the second quarter, the Company concluded that a triggering event had occurred. Consequently, the Company performed interim impairment testing. As a result of this testing, during the thirteen and twenty-six weeks ended August 1, 2020, the Company recognized impairment charges of approximately $6.8 million and $21.5 million, respectively, related to store-level property and equipment and right of use assets. During the thirteen and twenty-six weeks ended August 3, 2019, the Company recognized impairment charges of approximately $2.3 million. Impairment charges are recorded in cost of goods sold, buying and occupancy costs in the unaudited Consolidated Statements of Income and Comprehensive Income.

Income Taxes

Income Taxes	6 Months Ended
	Aug. 01, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 5 | INCOME TAXES The provision for income taxes is based on a current estimate of the annual effective tax rate, adjusted to reflect the effect of discrete items. The Company’s effective income tax rate may fluctuate from quarter to quarter as a result of a variety of factors, including the estimate of annual pre-tax income, the related changes in the estimate, and the effect of discrete items. The impact of these items on the effective tax rate will be greater at lower levels of pre-tax earnings. On March 27, 2020, the Coronavirus Aid Relief and Economic Security (“CARES”) Act was enacted into law. The CARES Act provides several provisions that impact the Company including the establishment of a five-year carryback of net operating losses originating in the tax years 2018, 2019, and 2020, temporarily suspending the 80% limitation on the use of net operating losses, relaxing limitation rules on business interest deductions, and retroactively clarifying that businesses may immediately write-off certain qualified leasehold improvement property dating back to January 1, 2018. The Company’s effective tax rate was 21.5% and (8.1)% for the thirteen weeks ended August 1, 2020 and August 3, 2019, respectively. The effective tax rate for the thirteen weeks ended August 1, 2020 reflects the impact of recording an additional valuation allowance of $16.2 million against estimated 2020 U.S. federal and state deferred tax assets and other tax credits of which a portion relates to 2020 U.S. federal net operating losses that could not be carried back to offset taxable income in the five-year carryback period as part of the CARES Act. This was partially offset by $9.1 million of tax benefit related to the portion of the estimated 2020 U.S. federal net operating losses that are able to be carried back to years with a higher federal statutory tax rate than is currently enacted. The effective tax rate for the thirteen weeks ended August 3, 2019 reflects a tax benefit from a pre-tax loss offset by $1.1 million of discrete tax expense related to a tax shortfall for share-based compensation. The Company’s effective tax rate was 8.3% and 0.9% for the twenty-six weeks ended August 1, 2020 and August 3, 2019, respectively. The effective tax rate for the twenty-six weeks ended August 1, 2020 was less than the statutory rate due to the impact of establishing a valuation allowance against the Company’s net deferred tax assets, which includes $55.0 million of discrete tax expense from a valuation allowance against previously recognized deferred tax assets and a $22.3 million valuation allowance against estimated 2020 U.S. federal and state deferred tax assets and other tax credits of which a portion relates to 2020 U.S. federal net operating losses that could not be carried back to offset taxable income in the five-year carryback period as part of the CARES Act. This was partially offset by a $28.6 million tax benefit related to the portion of the estimated 2019 and 2020 U.S. federal net operating losses that are able to be carried back to years with a higher federal statutory tax rate than is currently enacted. The effective tax rate for the twenty-six weeks ended August 3, 2019 reflects a tax benefit from a pre-tax loss offset by $2.5 million of discrete tax expense related to a tax shortfall for share-based compensation. Due to the ongoing impact of the COVID-19 pandemic, the Company no longer believes it is able to objectively forecast taxable income in future years, which provides significant negative evidence when assessing whether the Company will more likely than not realize the full amount of the U.S. net deferred tax assets. As such, the Company recorded a valuation allowance against the full amount of the U.S. net deferred tax assets that are not forecasted to be utilized with the 2020 net operating loss carryback. We will continue to evaluate the Company’s ability to realize the deferred tax assets on a quarterly basis.

Leases

Leases	6 Months Ended
	Aug. 01, 2020
Leases [Abstract]
Leases	NOTE 6 | LEASES The Company leases all of its store locations and its corporate headquarters, which also includes its distribution center, under operating leases. The store leases typically have initial terms of 5 to 10 years. The current lease term for the corporate headquarters expires in 2026, with one optional five-year extension period. The Company also leases certain equipment and other assets under operating leases, typically with initial terms of 3 to 5 years. The lease term includes the initial contractual term as well as any options to extend the lease when it is reasonably certain that the Company will exercise that option. Leases with an initial term of 12 months or less (short-term leases) are not recorded on the balance sheet. The Company does not currently have any material short-term leases. The Company is generally obligated for the cost of property taxes, insurance and other landlord costs, including common area maintenance charges, relating to its leases. If these charges are fixed, they are combined with lease payments in determining the lease liability; however, if such charges are not fixed, they are considered variable lease costs and are expensed as incurred. The variable payments are not included in the measurement of the lease liability or asset. The Company’s finance leases are immaterial. Certain lease agreements include rental payments based on a percentage of retail sales over contractual levels and others include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company’s lease agreements do not provide an implicit rate, so the Company uses an estimated incremental borrowing rate, which is derived from third-party information available at the lease commencement date, in determining the present value of lease payments. The rate used is for a secured borrowing of a similar term as the lease. As a result of the impact of the COVID-19 pandemic, the Company did not initially make its store rent payments for certain stores in the first and second quarter of 2020. The Company established an accrual for rent payments that were not made and has continued to recognize accrued rent expense. As a result of negotiations with certain landlords, the Company has since made rent payments for certain stores and some landlords have agreed to abate certain rent payments. The appropriate adjustments were made to accrued rent. The Accrued rent is within accrued expenses on the unaudited Consolidated Balance Sheets. Accrued minimum rent as of August 1, 2020 and February 1, 2020, was $73.7 million and $3.2 million, respectively. Supplemental cash flow information related to leases is as follows: Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 70,707 $ 142,530 Right-of-use assets obtained in exchange for operating lease liabilities $ 17,893 $ 8,448

Debt

Debt	6 Months Ended
	Aug. 01, 2020
Debt Disclosure [Abstract]
Debt	NOTE 7 | DEBT A summary of the Company’s financing activities is as follows: Revolving Credit Facility On May 24, 2019, Express Holding, LLC, a wholly-owned subsidiary of the Company (“Express Holding”), and its subsidiaries entered into a First Amendment to the Second Amended and Restated $250.0 million Asset-Based Loan Credit Agreement (“Revolving Credit Facility”). The expiration date of the Revolving Credit Facility is May 24, 2024. On March 17, 2020, the Company provided notice to the lenders under the Revolving Credit Facility of a request to borrow $165.0 million. The Company borrowed under the Revolving Credit Facility in order to strengthen its liquidity position and preserve financial flexibility in response to the COVID-19 pandemic and the related temporary store closures. As of August 1, 2020, the Company had $165.0 million in borrowings outstanding and approximately $51.5 million remained available for borrowing under the Revolving Credit Facility after $18.8 million of letters of credit outstanding and subject to certain borrowing base limitations as further discussed below. Under the Revolving Credit Facility, revolving loans may be borrowed, repaid, and reborrowed until May 24, 2024, at which time all amounts borrowed must be repaid. Borrowings under the Revolving Credit Facility bear interest at a rate equal to either the rate published by ICE Benchmark Administration Limited (with a floor of 0%) (the “Eurodollar Rate”) plus an applicable margin rate or the highest of (1) Wells Fargo Bank, National Association’s prime lending rate (with a floor of 0%), (2) 0.50% per annum above the federal funds rate (with a floor of 0%) or (3) 1% above the Eurodollar Rate (the “Base Rate”), in each case plus an applicable margin rate. The applicable margin rate is determined based on excess availability as determined by reference to the borrowing base. The applicable margin rate for Eurodollar Rate-based advances is 1.25% or 1.50% and the applicable margin rate for Base Rate-based advances is 0.25% or 0.50%, in each case, based on the borrowing base. Under certain circumstances, a default interest rate will apply on any overdue amount payable under the Revolving Credit Facility during the existence of an event of default at a per annum rate equal to 2.0% above the applicable interest rate for any overdue principal and 2.0% above the rate applicable for Base Rate-based advances for any other overdue interest. As of August 1, 2020 the interest rate on the outstanding borrowings was approximately 2.4%. The Revolving Credit Facility requires Express Holding and its subsidiaries to maintain a fixed charge coverage ratio of at least 1.0:1.0 if excess availability plus eligible cash collateral is less than 10.0% of the borrowing base for 15 consecutive days. Since our excess availability was above 10% as of August 1, 2020, the fixed charge coverage ratio covenant was not applicable. In addition, the Revolving Credit Facility contains customary covenants and restrictions on Express Holding’s and its subsidiaries’ activities, including, but not limited to, limitations on the incurrence of additional indebtedness, liens, negative pledges, guarantees, investments, loans, asset sales, mergers, acquisitions, prepayment of other debt, distributions, dividends, the repurchase of capital stock, transactions with affiliates, the ability to change the nature of its business or fiscal year, and permitted business activities. All obligations under the Revolving Credit Facility are guaranteed by Express Holding and its domestic subsidiaries (that are not borrowers) and secured by a lien on, among other assets, substantially all working capital assets including cash, accounts receivable, and inventory of Express Holding and its domestic subsidiaries. Letters of Credit The Company may enter into stand-by letters of credit (“stand-by LCs”) on an as-needed basis to secure payment obligations for third party logistic services, merchandise purchases, and other general and administrative expenses. As of August 1, 2020 and February 1, 2020, outstanding stand-by LCs totaled $18.8 million and $12.7 million, respectively .

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Aug. 01, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	NOTE 8 | SHARE-BASED COMPENSATION The Company records the fair value of share-based payments to employees in the unaudited Consolidated Statements of Income and Comprehensive Income within selling, general, and administrative expenses as compensation expense, net of forfeitures, over the requisite service period. The Company issues shares of common stock from treasury stock, at average cost, upon exercise of stock options and vesting of restricted stock units, including those with performance conditions. Share-Based Compensation Plans In 2010, the Board approved, and the Company implemented, the Express, Inc. 2010 Incentive Compensation Plan (as amended, the "2010 Plan"). The 2010 Plan authorized the Compensation Committee (the "Committee") of the Board and its designees to offer eligible employees and directors cash and stock-based incentives as deemed appropriate in order to attract, retain, and reward such individuals. On April 30, 2018, upon the recommendation of the Committee, the Board unanimously approved and adopted, subject to stockholder approval, the Express, Inc. 2018 Incentive Compensation Plan (the “2018 Plan”) to replace the 2010 Plan. On June 13, 2018, stockholders of the Company approved the 2018 Plan and all grants made subsequent to that approval will be made under the 2018 Plan. The primary change made by the 2018 Plan was to increase the number of shares of common stock available for equity-based awards by 2.4 million shares. In addition to increasing the number of shares, the Company also made several enhancements to the 2010 Plan to reflect best practices in corporate governance. The 2018 Plan incorporates these concepts and also includes several other enhancements which were practices the Company already followed but were not explicitly stated in the 2010 Plan. None of these changes will have a significant impact on the accounting for awards made under the 2018 Plan. In the third quarter of 2019, in connection with updates made by the Company to its policy regarding the clawback of incentive compensation awarded to associates, the Board approved an amendment to the 2018 Plan, solely for the purpose of updating the language regarding the recoupment of awards granted under the 2018 Plan. On March 17, 2020, upon the recommendation of the Committee, the Board unanimously approved and adopted, subject to stockholder approval, a second amendment to the 2018 Plan, which increased the number of shares of common stock available under the 2018 Plan by 2.5 million shares. On June 10, 2020, stockholders of the Company approved this plan amendment. The following summarizes share-based compensation expense: Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Restricted stock units $ 2,143 $ 2,119 $ 4,327 $ 4,329 Stock options 317 126 635 164 Performance-based restricted stock units — 179 — 303 Total share-based compensation $ 2,460 $ 2,424 $ 4,962 $ 4,796 The stock compensation related income tax benefit recognized by the Company during the thirteen and twenty-six weeks ended August 1, 2020 was $0.2 million and $0.7 million, respectively. The stock compensation related income tax benefit recognized by the Company during the thirteen and twenty-six weeks ended August 3, 2019 was $0.1 million and $1.6 million, respectively. Restricted Stock Units During the twenty-six weeks ended August 1, 2020, the Company granted restricted stock units (“RSUs”) under the 2018 Plan. The fair value of RSUs is determined based on the Company’s closing stock price on the day prior to the grant date in accordance with the 2018 Plan. The RSUs granted in 2020 vest ratably over three years and the expense related to these RSUs will be recognized using the straight-line attribution method over this vesting period. The Company’s activity with respect to RSUs, including awards with performance conditions granted prior to 2018, for the twenty-six weeks ended August 1, 2020 was as follows: Number of Shares Grant Date (in thousands, except per share amounts) Unvested - February 1, 2020 4,260 $ 4.78 Granted 5,086 $ 1.74 Vested (1,187) $ 5.59 Forfeited (491) $ 4.05 Unvested - August 1, 2020 7,668 $ 2.69 The total fair value of RSUs that vested during the twenty-six weeks ended August 1, 2020 and August 3, 2019 was $6.6 million and $11.5 million, respectively. As of August 1, 2020, there was approximately $15.8 million of total unrecognized compensation expense related to unvested RSUs, which is expected to be recognized over a weighted-average period of approximately 1.6 years. Stock Options The Company’s activity with respect to stock options during the twenty-six weeks ended August 1, 2020 was as follows: Number of Shares Grant Date Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value (in thousands, except per share amounts and years) Outstanding - February 1, 2020 3,650 $ 7.67 Granted — $ — Exercised — $ — Forfeited or expired (263) $ 18.04 Outstanding - August 1, 2020 3,387 $ 6.87 7.4 $ — Expected to vest at August 1, 2020 2,009 $ 2.70 8.9 $ — Exercisable at August 1, 2020 1,313 $ 13.45 4.9 $ — As of August 1, 2020, there was approximately $1.8 million of total unrecognized compensation expense related to stock options, which is expected to be recognized over a weighted average period of approximately 1.5 years. Performance-based Restricted Stock Units In the first quarter of 2018, the Company granted performance shares to a limited number of senior executive-level employees, which entitle these employees to receive a specified number of shares of the Company’s common stock upon vesting. The number of shares earned could range between 0% and 200% of the target amount depending upon performance achieved over a three-year vesting period. The performance conditions of the award include adjusted diluted earnings per share ("EPS") targets and total shareholder return ("TSR") of the Company’s common stock relative to a select group of peer companies. A Monte Carlo valuation model was used to determine the fair value of the awards. The TSR performance metric is a market condition. Therefore, fair value of the awards is fixed at the measurement date and is not revised based on actual performance. The number of shares that will ultimately vest will change based on estimates of the Company’s adjusted EPS performance in relation to the pre-established targets. As of August 1, 2020, it is estimated that none of the shares granted in 2018 will vest based on the performance against predefined financial targets to date. Time-based Cash-Settled Awards During the twenty-six weeks ended August 1, 2020, the Company granted time-based cash-settled awards to employees that vest ratably over three years. These awards are classified as liabilities, are valued based on the fair value of the award at the grant date and do not vary based on changes in the Company's stock price. The expense related to these awards will be recognized using the straight-line attribution method over this vesting period. As of August 1, 2020, $3.8 million of total unrecognized compensation cost is expected to be recognized on cash-settled awards over a weighted-average period of 1.8 years. Performance-based Cash-Settled Awards In 2019, the Company granted cash-settled awards to a limited number of senior executive-level employees. These awards are classified as liabilities, are valued based on the fair value of the award at the grant date and are remeasured at each reporting date until settlement with compensation expense being recognized in proportion to the completed requisite period up until date of settlement. The amount of cash earned could range between 0% and 200% of the target amount depending upon performance achieved over the three-year vesting period. The performance conditions of the award include EPS targets and TSR of the Company’s common stock relative to a select group of peer companies. A Monte Carlo valuation model was used to determine the fair value of the awards. As of August 1, 2020, it is estimated that none of the shares granted in 2019 will vest based on the performance against predefined financial targets to date.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Aug. 01, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 9 | COMMITMENTS AND CONTINGENCIES In a complaint filed in January 2017 by Mr. Jorge Chacon in the Superior Court for the State of California for the County of Orange, certain subsidiaries of the Company were named as defendants in a representative action alleging violations of California state wage and hour statutes and other labor standards. The lawsuit seeks unspecified monetary damages and attorneys’ fees. In July 2018, former associate Ms. Christie Carr filed suit in Alameda County Superior Court for the State of California naming certain subsidiaries of the Company in a representative action alleging violations of California State wage and hour statutes and other labor standard violations. The lawsuit seeks unspecified monetary damages and attorneys’ fees. On January 28, 2019, Mr. Jorge Chacon filed a second representative action in the Superior Court for the State of California for the County of Orange alleging violations of California state wages and hour statutes and other labor standard violations. The lawsuit seeks unspecified monetary damages and attorneys' fees. The Company is vigorously defending itself against these claims and, as of August 1, 2020, has established an estimated liability based on its best estimate of the outcome of the matters. The Company is subject to various other claims and contingencies arising out of the normal course of business. Management believes that the ultimate liability arising from such claims and contingencies, if any, is not likely to have a material adverse effect on the Company’s results of operations, financial condition, or cash flows.

Investment in Equity Interests

Investment in Equity Interests	6 Months Ended
	Aug. 01, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investment in Equity Interests	NOTE 10 | INVESTMENT IN EQUITY INTERESTS In 2016, the Company made a $10.1 million investment in Homage, LLC, a privately held retail company based in Columbus, Ohio. The non-controlling investment in the entity is being accounted for under the equity method. Under

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Aug. 01, 2020
Equity [Abstract]
Stockholders' Equity	NOTE 11 | STOCKHOLDERS' EQUITY On November 28, 2017, the Company's Board of Directors ("Board") approved a share repurchase program that authorizes the Company to repurchase up to $150.0 million of the Company’s outstanding common stock using available cash (the "2017 Repurchase Program"). The Company may repurchase shares on the open market, including through Rule 10b5-1 plans, in privately negotiated transactions, through block purchases, or otherwise in compliance with applicable laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and amount of stock repurchases will depend on a variety of factors, including business and market conditions as well as corporate and regulatory considerations. The share repurchase program may be suspended, modified, or discontinued at any time and the Company has no obligation to repurchase any amount of its common stock under the program. During the thirteen weeks ended August 3, 2019, the Company did not repurchase any shares. During the twenty-six weeks ended August 3, 2019, the Company repurchased 0.9 million shares of its common stock under the 2017 Repurchase Program for an aggregate amount equal to $4.9 million, including commissions. During the thirteen and twenty-six weeks ended August 1, 2020, the Company did not repurchase shares of its common stock. As of August 1, 2020, the Company had approximately $34.2 million remaining under this authorization. Stockholder Rights Agreement On April 20, 2020, the Board adopted a Stockholder Rights Agreement (the “Rights Agreement”). Under the Rights Agreement, one preferred share purchase right was distributed for each share of common stock, par value $0.01, outstanding at the close of business on April 30, 2020 and one right will be issued for each new share of common stock issued thereafter. The rights will initially trade with common stock and will generally become exercisable only if any person (or any persons acting as a group) acquires 10% (or 20% in the case of certain passive investors) or more of the Company’s outstanding common stock (the “triggering percentage”). In the event the rights become exercisable, each holder of a right, other than triggering person, will be entitled to purchase additional shares of common stock at a 50% discount or the Company may exchange each right held by such holders for one share of common stock. Existing 10% or greater stockholders are grandfathered to the extent of their April 21, 2020 ownership levels. The Rights Agreement will continue in effect until April 19, 2021, or unless earlier redeemed or terminated by the Company, as provided in the Rights Agreement. The rights have no voting or dividend privileges, and, unless and until they become exercisable, have no dilutive effect on the earnings of the Company.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Aug. 01, 2020
Description of Business and Basis of Presentation [Abstract]
Fiscal Year	Fiscal Year The Company’s fiscal year ends on the Saturday closest to January 31. Fiscal years are referred to by the calendar year in which the fiscal year commences. References herein to “2020” and “2019” represent the 52-week period ended January 30, 2021 and the 52-week period ended February 1, 2020, respectively. All references herein to “the second quarter of 2020” and “the second quarter of 2019” represent the thirteen weeks ended August 1, 2020 and August 3, 2019, respectively.
Basis of Presentation	Basis of PresentationThe accompanying unaudited Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and the U.S. Securities and Exchange Commission’s Article 10, Regulation S-X and therefore do not include all of the information or footnotes required for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements reflect all adjustments (which are of a normal recurring nature) necessary to state fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for 2020. Therefore, these statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto for the year ended February 1, 2020, included in the Company’s Annual Report on Form 10-K, filed with the SEC on March 17, 2020.
Principles of Consolidation	Principles of ConsolidationThe unaudited Consolidated Financial Statements include the accounts of Express, Inc. and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
Segment Reporting	Segment Reporting The Company defines an operating segment on the same basis that it uses to evaluate performance internally. The Company has determined that, together, its Chief Executive Officer and its President and Chief Operating Officer are the Chief Operating Decision Maker, and that there is one operating segment. Therefore, the Company reports results as a single segment, which includes the operation of its Express brick-and-mortar retail and outlet stores, eCommerce operations, and franchise operations.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expense during the reporting period, as well as the related disclosure of contingent assets and liabilities as of the date of the unaudited Consolidated Financial Statements. Actual results may differ from those estimates. The Company revises its estimates and assumptions as new information becomes available.
Revenue Recognition	Revenue Recognition Policies Merchandise Sales The Company recognizes sales for in-store purchases at the point-of-sale. Revenue related to eCommerce transactions is recognized upon shipment based on the fact that control transfers to the customer at that time. The Company has made a policy election to treat shipping and handling as costs to fulfill the contract and as a result any amounts received from customers are included in the transaction price allocated to the performance obligation of providing goods with a corresponding amount accrued within cost of goods sold, buying and occupancy costs in the unaudited Consolidated Statements of Income and Comprehensive Income for amounts paid to applicable carriers. Associate discounts on merchandise purchases are classified as a reduction of net sales. Net sales excludes sales tax collected from customers and remitted to governmental authorities. Loyalty Program The Company maintains a customer loyalty program in which customers earn points toward rewards for qualifying purchases and other marketing activities. Upon reaching specified point values, customers are issued a reward, which they may redeem on merchandise purchases at the Company’s stores or on its website. Generally, rewards earned must be redeemed within 60 days from the date of issuance. The Company defers a portion of merchandise sales based on the estimated standalone selling price of the points earned. This deferred revenue is recognized as certificates that are redeemed or expire. To calculate this deferral, the Company makes assumptions related to card holder redemption rates based on historical experience. The loyalty liability is included in deferred revenue on the unaudited Consolidated Balance Sheets. Sales Returns Reserve The Company reduces net sales and provides a reserve for projected merchandise returns based on prior experience. Merchandise returns are often resalable merchandise and are refunded by issuing the same payment tender as the original purchase. The sales returns reserve was $7.8 million and $9.1 million as of August 1, 2020 and February 1, 2020, respectively, and is included in accrued expenses on the unaudited Consolidated Balance Sheets. The asset related to projected returned merchandise is included in other assets on the unaudited Consolidated Balance Sheets. Gift Cards The Company sells gift cards in its stores, on its eCommerce website, and through third parties. These gift cards do not expire or lose value over periods of inactivity. The Company accounts for gift cards by recognizing a liability at the time a gift card is sold. The gift card liability balance was $20.9 million and $24.1 million, as of August 1, 2020 and February 1, 2020, respectively, and is included in deferred revenue on the unaudited Consolidated Balance Sheets. The Company recognizes revenue from gift cards when they are redeemed by the customer. The Company also recognizes income on unredeemed gift cards, referred to as “gift card breakage.” Gift card breakage is recognized proportionately using a time-based attribution method from issuance of the gift card to the time when it can be determined that the likelihood of the gift card being redeemed is remote and that there is no legal obligation to remit unredeemed gift cards to relevant jurisdictions. The gift card breakage rate is based on historical redemption patterns. Gift card breakage is included in net sales in the unaudited Consolidated Statements of Income and Comprehensive Income. Private Label Credit Card The Company has an agreement with Comenity Bank (the “Bank”) to provide customers with private label credit cards (the “Card Agreement”) which was amended on August 28, 2017 to extend the term of the arrangement through December 31, 2024. Each private label credit card bears the logo of the Express brand and can only be used at the Company’s store locations and eCommerce channel. The Bank is the sole owner of the accounts issued under the private label credit card program and absorbs the losses associated with non-payment by the private label card holders and a portion of any fraudulent usage of the accounts.
Fair Value Measurements	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date. ■ Level 1 - Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets. ■ Level 2 - Valuation is based upon quoted prices for similar assets and liabilities in active markets or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ■ Level 3 - Valuation is based upon other unobservable inputs that are significant to the fair value measurement. The money market funds are valued using quoted market prices in active markets. The carrying amounts reflected on the unaudited Consolidated Balance Sheets for the remaining cash and cash equivalents, receivables, prepaid expenses, and payables as of August 1, 2020 and February 1, 2020 approximated their fair values. Non-Financial Assets The Company’s non-financial assets, which include fixtures, equipment, improvements, and right of use assets are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur indicating the carrying value of these assets may not be recoverable, an impairment test is required. For stores that trigger, a recovery test is performed first comparing the undiscounted cash flows to the net assets of the store. The second step impairment test requires the Company to estimate the fair value of the assets and compare this to the carrying value of the assets. If the fair value of the asset is less than the carrying value, then an impairment charge is recognized, and the non-financial assets are recorded at fair value. The Company estimates the fair value using a discounted cash flow model or other fair value models as appropriate. Factors used in the evaluation include, but are not limited to, management’s plans for future operations, recent operating results, projected cash flows, and overall economic factors, including the current global outbreak of COVID-19. As a result of the COVID-19 pandemic, including temporary store closures and the related decline in sales beginning in March 2020 and continuing through the second quarter, the Company concluded that a triggering event had occurred. Consequently, the Company performed interim impairment testing. As a result of this testing, during the thirteen and twenty-six weeks ended August 1, 2020, the Company recognized impairment charges of approximately $6.8 million and $21.5 million, respectively, related to store-level property and equipment and right of use assets. During the thirteen and twenty-six weeks ended August 3, 2019, the Company recognized impairment charges of approximately $2.3 million. Impairment charges are recorded in cost of goods sold, buying and occupancy costs in the unaudited Consolidated Statements of Income and Comprehensive Income.
Leases	The lease term includes the initial contractual term as well as any options to extend the lease when it is reasonably certain that the Company will exercise that option. Leases with an initial term of 12 months or less (short-term leases) are not recorded on the balance sheet. The Company does not currently have any material short-term leases. The Company is generally obligated for the cost of property taxes, insurance and other landlord costs, including common area maintenance charges, relating to its leases. If these charges are fixed, they are combined with lease payments in determining the lease liability; however, if such charges are not fixed, they are considered variable lease costs and are expensed as incurred. The variable payments are not included in the measurement of the lease liability or asset. The Company’s finance leases are immaterial. Certain lease agreements include rental payments based on a percentage of retail sales over contractual levels and others include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company’s lease agreements do not provide an implicit rate, so the Company uses an estimated incremental borrowing rate, which is derived from third-party information available at the lease commencement date, in determining the present value of lease payments. The rate used is for a secured borrowing of a similar term as the lease.
Share-Based Compensation	The Company records the fair value of share-based payments to employees in the unaudited Consolidated Statements of Income and Comprehensive Income within selling, general, and administrative expenses as compensation expense, net of forfeitures, over the requisite service period. The Company issues shares of common stock from treasury stock, at average cost, upon exercise of stock options and vesting of restricted stock units, including those with performance conditions.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Aug. 01, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Major Product Categories and Sales Channels	The following is information regarding the Company’s major product categories and sales channels: Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Apparel $ 207,421 $ 408,305 $ 387,004 $ 797,195 Accessories and other 25,888 50,596 47,268 96,456 Other revenue 12,394 13,814 21,706 30,335 Total net sales $ 245,703 $ 472,715 $ 455,978 $ 923,986 Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Retail $ 164,745 $ 337,606 $ 324,282 $ 665,945 Outlet 68,564 121,295 109,990 227,706 Other revenue 12,394 13,814 21,706 30,335 Total net sales $ 245,703 $ 472,715 $ 455,978 $ 923,986
Schedule of Contract with Customer, Liability	Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Beginning balance loyalty deferred revenue $ 9,585 $ 14,716 $ 14,063 $ 15,319 Reduction in revenue/(revenue recognized) 284 50 (4,194) (553) Ending balance loyalty deferred revenue $ 9,869 $ 14,766 $ 9,869 $ 14,766 Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Beginning gift card liability $ 21,728 $ 21,576 $ 24,142 $ 25,133 Issuances 4,353 7,956 8,393 15,669 Redemptions (4,728) (8,799) (10,146) (18,918) Gift card breakage (488) (767) (1,524) (1,918) Ending gift card liability $ 20,865 $ 19,966 $ 20,865 $ 19,966 Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Beginning balance refundable payment liability $ 13,431 $ 16,309 $ 14,150 $ 17,028 Recognized in revenue (720) (720) (1,439) (1,439) Ending balance refundable payment liability $ 12,711 $ 15,589 $ 12,711 $ 15,589

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 01, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table provides a reconciliation between basic and diluted weighted-average shares used to calculate basic and diluted earnings per share: Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Weighted-average shares - basic 64,645 67,253 64,338 67,049 Dilutive effect of stock options and restricted stock units — — — — Weighted-average shares - diluted 64,645 67,253 64,338 67,049

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 01, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis	The following table presents the Company’s financial assets, recorded in cash and cash equivalents on the unaudited Consolidated Balance Sheets, measured at fair value on a recurring basis as of August 1, 2020 and February 1, 2020, aggregated by the level in the fair value hierarchy within which those measurements fall. August 1, 2020 Level 1 Level 2 Level 3 (in thousands) Money market funds $ 173,071 $ — $ — February 1, 2020 Level 1 Level 2 Level 3 (in thousands) Money market funds $ 188,182 $ — $ —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Aug. 01, 2020
Leases [Abstract]
Supplemental Cash Flow Information on Leases	Supplemental cash flow information related to leases is as follows: Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 70,707 $ 142,530 Right-of-use assets obtained in exchange for operating lease liabilities $ 17,893 $ 8,448

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Aug. 01, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Shared-based Compensation Expense	The following summarizes share-based compensation expense: Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (in thousands) Restricted stock units $ 2,143 $ 2,119 $ 4,327 $ 4,329 Stock options 317 126 635 164 Performance-based restricted stock units — 179 — 303 Total share-based compensation $ 2,460 $ 2,424 $ 4,962 $ 4,796
Schedule Activity related to Restricted Stock Units, Including Awards with Performance Conditions	The Company’s activity with respect to RSUs, including awards with performance conditions granted prior to 2018, for the twenty-six weeks ended August 1, 2020 was as follows: Number of Shares Grant Date (in thousands, except per share amounts) Unvested - February 1, 2020 4,260 $ 4.78 Granted 5,086 $ 1.74 Vested (1,187) $ 5.59 Forfeited (491) $ 4.05 Unvested - August 1, 2020 7,668 $ 2.69
Schedule of Activity related to Stock Options	The Company’s activity with respect to stock options during the twenty-six weeks ended August 1, 2020 was as follows: Number of Shares Grant Date Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value (in thousands, except per share amounts and years) Outstanding - February 1, 2020 3,650 $ 7.67 Granted — $ — Exercised — $ — Forfeited or expired (263) $ 18.04 Outstanding - August 1, 2020 3,387 $ 6.87 7.4 $ — Expected to vest at August 1, 2020 2,009 $ 2.70 8.9 $ — Exercisable at August 1, 2020 1,313 $ 13.45 4.9 $ —

Description of Business and B_3

Description of Business and Basis of Presentation (Details) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 01, 2020USD ($)store	Aug. 01, 2020USD ($)segmentstore	Feb. 01, 2020USD ($)
Description of Business and Basis of Presentation [Line Items]
Number of stores	593	593
Number of stores under franchise agreements	7	7
Number of operating segments | segment		1
Percentage of stores temporarily closed, COVID-19 (more than)	30.00%
Lower of cost or market adjustment to inventory | $	$ 20.2	$ 20.2	$ 10.4
Retail
Description of Business and Basis of Presentation [Line Items]
Number of stores	378	378
Outlet
Description of Business and Basis of Presentation [Line Items]
Number of stores	215	215

Revenue Recognition - Revenue b

Revenue Recognition - Revenue by Major Product Categories and Sales Channels (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Disaggregation of Revenue [Line Items]
Total net sales	$ 245,703	$ 472,715	$ 455,978	$ 923,986
Apparel
Disaggregation of Revenue [Line Items]
Total net sales	207,421	408,305	387,004	797,195
Accessories and other
Disaggregation of Revenue [Line Items]
Total net sales	25,888	50,596	47,268	96,456
Other revenue
Disaggregation of Revenue [Line Items]
Total net sales	12,394	13,814	21,706	30,335
Retail
Disaggregation of Revenue [Line Items]
Total net sales	164,745	337,606	324,282	665,945
Outlet
Disaggregation of Revenue [Line Items]
Total net sales	$ 68,564	$ 121,295	$ 109,990	$ 227,706

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2020	May 02, 2020	Feb. 01, 2020	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Aug. 28, 2017
Disaggregation of Revenue [Line Items]
Redemption period for rewards earned	60 days
Sales returns reserve	$ 7,800		$ 9,100
Gift card liability	30,932		38,227
Gift Card Liability
Disaggregation of Revenue [Line Items]
Gift card liability	20,865	$ 21,728	24,142	$ 19,966	$ 21,576	$ 25,133
Comenity Bank
Disaggregation of Revenue [Line Items]
Deferred revenue	12,711	$ 13,431	$ 14,150	$ 15,589	$ 16,309	$ 17,028
Comenity Bank | Credit Card
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 12,700						$ 20,000

Revenue Recognition - Loyalty D

Revenue Recognition - Loyalty Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Contract With Customer, Liability [Roll Forward]
Beginning balance			$ 38,227
Ending balance	$ 30,932		30,932
Loyalty Program
Contract With Customer, Liability [Roll Forward]
Beginning balance	9,585	$ 14,716	14,063	$ 15,319
Reduction in revenue/(revenue recognized)	284	50	(4,194)	(553)
Ending balance	$ 9,869	$ 14,766	$ 9,869	$ 14,766

Revenue Recognition - Gift Card

Revenue Recognition - Gift Card Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Contract With Customer, Liability [Roll Forward]
Beginning balance			$ 38,227
Ending balance	$ 30,932		30,932
Gift Card Liability
Contract With Customer, Liability [Roll Forward]
Beginning balance	21,728	$ 21,576	24,142	$ 25,133
Ending balance	20,865	19,966	20,865	19,966
Issuances
Contract With Customer, Liability [Roll Forward]
Increase (decrease) in gift card liability	4,353	7,956	8,393	15,669
Redemptions
Contract With Customer, Liability [Roll Forward]
Increase (decrease) in gift card liability	(4,728)	(8,799)	(10,146)	(18,918)
Gift card breakage
Contract With Customer, Liability [Roll Forward]
Increase (decrease) in gift card liability	$ (488)	$ (767)	$ (1,524)	$ (1,918)

Revenue Recognition - Refundabl

Revenue Recognition - Refundable Payment Liability (Details) - Comenity Bank - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Contract With Customer, Liability [Roll Forward]
Beginning balance refundable payment liability	$ 13,431	$ 16,309	$ 14,150	$ 17,028
Recognized in revenue	(720)	(720)	(1,439)	(1,439)
Ending balance refundable payment liability	$ 12,711	$ 15,589	$ 12,711	$ 15,589

Earnings Per Share- Schedule of

Earnings Per Share- Schedule of Basic and Diluted Earnings per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Earnings Per Share [Abstract]
Weighted-average shares - basic (in shares)	64,645	67,253	64,338	67,049
Dilutive effect of stock options and restricted stock units (in shares)	0	0	0	0
Weighted-average shares - diluted (in shares)	64,645	67,253	64,338	67,049

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share (in shares)	11.3	6.6	10.4	6.3
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share (in shares)	0.2

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value, Assets Measured on Recurring Basis (Details) - Recurring - Money market funds - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 173,071	$ 188,182
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Fair Value Disclosures [Abstract]
Impairment of property, equipment and lease assets	$ 6,800	$ 2,300	$ 21,483	$ 2,281

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Valuation Allowance [Line Items]
Effective income tax rate	21.50%	(8.10%)	8.30%	0.90%
Valuation allowance	$ 16.2
Tax benefit, CARES Act	$ 9.1		$ 28.6
Discrete tax expense, share-based compensation		$ 1.1		$ 2.5
Previously Recognized Deferred Tax Assets
Valuation Allowance [Line Items]
Valuation allowance			55
Federal, State And Local Income Taxes And Other Tax Credits
Valuation Allowance [Line Items]
Valuation allowance			$ 22.3

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	6 Months Ended
	Aug. 01, 2020USD ($)renewal_option	Feb. 01, 2020USD ($)
Lessee, Lease, Description [Line Items]
Accrued minimum rent | $	$ 73.7	$ 3.2
Office Building
Lessee, Lease, Description [Line Items]
Number of renewal options | renewal_option	1
Lease renewal term	5 years
Minimum | Stores
Lessee, Lease, Description [Line Items]
Lease term	5 years
Minimum | Equipment and Other Assets
Lessee, Lease, Description [Line Items]
Lease term	3 years
Maximum | Stores
Lessee, Lease, Description [Line Items]
Lease term	10 years
Maximum | Equipment and Other Assets
Lessee, Lease, Description [Line Items]
Lease term	5 years

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 70,707	$ 142,530
Right-of-use assets obtained in exchange for operating lease liabilities	$ 17,893	$ 8,448

Debt (Details)

Debt (Details) - Line of Credit - First Amendment to the Second Amended and Restated Asset-Based Loan Credit Agreement - USD ($)	Mar. 17, 2020	May 24, 2019	Aug. 01, 2020	Feb. 01, 2020
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 250,000,000
Proceeds from lines of credit	$ 165,000,000
Amount outstanding			$ 165,000,000
Remaining borrowing capacity			$ 51,500,000
Percent per annum above federal funds rate		0.50%
Percent above Eurodollar rate		1.00%
Minimum percentage margin for Eurodollar rate-based advances		1.25%
Maximum percentage margin for Eurodollar rate-based advances		1.50%
Minimum percentage margin for base rate-based advances		0.25%
Maximum percentage margin for base rate-based advances		0.50%
Existence of event of default percentage per annum		2.00%
Over due principal interest rate		2.00%
Effective interest rate			2.40%
Fixed charge ratio, numerator		1
Fixed charge ratio, denominator		1
Percent of borrowing base in fixed charge coverage ratio restriction, less than		10.00%
Number of days in fixed charge coverage ratio restriction		15 days
Excess availability percentage (above)			10.00%
Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding			$ 18,800,000	$ 12,700,000
Eurodollar | Revolving Credit Facility
Debt Instrument [Line Items]
Basis rate, floor		0.00%
Prime Rate | Revolving Credit Facility
Debt Instrument [Line Items]
Basis rate, floor		0.00%
Fed Funds Effective Rate Overnight Index Swap Rate | Revolving Credit Facility
Debt Instrument [Line Items]
Basis rate, floor		0.00%

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Millions	Mar. 17, 2020	Jun. 13, 2018	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in shares available for equity-based awards (in shares)	2,500,000	2,400,000
Tax benefit from share-based compensation expense			$ 0.2	$ 0.1	$ 0.7	$ 1.6
Unrecognized compensation expense related to stock options			1.8		$ 1.8
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Fair value of options vested					$ 6.6	$ 11.5
Unrecognized compensation costs, excluding stock options			$ 15.8		$ 15.8
Unrecognized compensation costs, period for recognition					1 year 7 months 6 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs, period for recognition					1 year 6 months
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Shares outstanding (in shares)			0		0
Performance-based restricted stock units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target percentage of performance award which can be earned					0.00%
Performance-based restricted stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target percentage of performance award which can be earned					200.00%
Time-Based Cash-Settled Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Unrecognized compensation costs, excluding stock options			$ 3.8		$ 3.8
Unrecognized compensation costs, period for recognition					1 year 9 months 18 days
Performance-Based Cash-Settled Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Shares outstanding (in shares)			0		0
Performance-Based Cash-Settled Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target percentage of performance award which can be earned					0.00%
Performance-Based Cash-Settled Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target percentage of performance award which can be earned					200.00%

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Shared-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 2,460	$ 2,424	$ 4,962	$ 4,796
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	2,143	2,119	4,327	4,329
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	317	126	635	164
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 0	$ 179	$ 0	$ 303

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Restricted Stock Units, Including Awards with Performance Conditions (Details) - Restricted stock units shares in Thousands	6 Months Ended
	Aug. 01, 2020$ / sharesshares
Number of Shares
Unvested at beginning of period (in shares) | shares	4,260
Granted (in shares) | shares	5,086
Vested (in shares) | shares	(1,187)
Forfeited (in shares) | shares	(491)
Unvested at end of period (in shares) | shares	7,668
Grant Date Weighted Average Fair Value Per Share
Unvested at beginning of period (in USD per share) | $ / shares	$ 4.78
Granted (in USD per share) | $ / shares	1.74
Vested (in USD per share) | $ / shares	5.59
Forfeited (in USD per share) | $ / shares	4.05
Unvested at end of period (in USD per share) | $ / shares	$ 2.69

Share-Based Compensation - Sc_3

Share-Based Compensation - Schedule of Stock Options Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Aug. 01, 2020USD ($)$ / sharesshares
Number of Shares
Outstanding at beginning of period (in shares) | shares	3,650
Granted (in shares) | shares	0
Exercised (in shares) | shares	0
Forfeited or expired (in shares) | shares	(263)
Outstanding at end of period (in shares) | shares	3,387
Expected to vest at end of period (in shares) | shares	2,009
Exercisable at end of period (in shares) | shares	1,313
Grant Date Weighted Average Exercise Price Per Share
Outstanding at beginning of period (in USD per share) | $ / shares	$ 7.67
Granted (in USD per share) | $ / shares	0
Exercised (in USD per share) | $ / shares	0
Forfeited or expired (in USD per share) | $ / shares	18.04
Outstanding at end of period (in USD per share) | $ / shares	6.87
Expected to vest at end of period (in USD per share) | $ / shares	2.70
Exercisable at end of period (in USD per share) | $ / shares	$ 13.45
Weighted-Average Remaining Contractual Life (in years)
Outstanding at end of period	7 years 4 months 24 days
Expected to vest at end of period	8 years 10 months 24 days
Exercisable at end of period	4 years 10 months 24 days
Aggregate Intrinsic Value
Outstanding at end of period | $	$ 0
Expected to vest at end of period | $	0
Exercisable at end of period | $	$ 0

Investment in Equity Interests

Investment in Equity Interests - Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019	Feb. 02, 2019	Jan. 28, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity method investment							$ 10,100
Increase in equity method investment during period	$ 500		$ 500
Impairment charge	$ 500	$ 2,700	$ 500	$ 3,233	$ 500	$ 8,400
Preferred yield		$ 1,500

Stockholders' Equity (Details)

Stockholders' Equity (Details)	Apr. 20, 2020$ / shares	Aug. 01, 2020USD ($)right$ / sharesshares	May 02, 2020USD ($)	Aug. 03, 2019USD ($)shares	May 04, 2019USD ($)	Aug. 01, 2020USD ($)right$ / sharesshares	Aug. 03, 2019USD ($)shares	Feb. 01, 2020$ / shares	Nov. 28, 2017USD ($)
Class of Stock [Line Items]
Stock repurchase program, authorized amount									$ 150,000,000
Treasury stock, acquired (in shares) | shares		0				0
Treasury stock, value, acquired		$ 28,000	$ 540,000	$ 4,000	$ 6,387,000
Stock repurchase program, remaining authorized amount		$ 34,200,000				$ 34,200,000
Common stock, par value (in USD per share) | $ / shares	$ 0.01	$ 0.01				$ 0.01		$ 0.01
Number of rights issued per common stock | right		1				1
Minimum ownership percentage which would cause triggering event	10.00%
Minimum ownership percentage for certain passive investors which would cause triggering event	20.00%
Stockholder right, exercise discount percentage	50.00%
Minimum ownership percentage grandfathered from triggering event	10.00%
Share Repurchase Program 2017
Class of Stock [Line Items]
Treasury stock, acquired (in shares) | shares				0			900,000
Treasury stock, value, acquired							$ 4,900,000

Uncategorized Items - expr-2020

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201602Member