J.Jill (JILL) 10-Q 6 Dec 22 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 29, 2022	Dec. 01, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 29, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Trading Symbol	JILL
Entity Registrant Name	J.Jill, Inc.
Entity Central Index Key	0001687932
Current Fiscal Year End Date	--01-28
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-38026
Entity Tax Identification Number	45-1459825
Entity Address, Address Line One	4 Batterymarch Park
Entity Address, City or Town	Quincy
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02169
City Area Code	617
Local Phone Number	376-4300
Entity Common Stock, Shares Outstanding		10,151,938
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, $0.01 par value
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022
Current assets:
Cash and cash equivalents	$ 90,080	$ 35,957
Accounts receivable, net	7,979	5,811
Inventories, net	60,129	56,024
Prepaid expenses and other current assets	26,490	25,456
Total current assets	184,678	123,248
Property and equipment, net	49,030	57,329
Intangible assets, net	75,069	80,711
Goodwill	59,697	59,697
Operating lease assets, net	120,848	130,744
Other assets	78	120
Total assets	489,400	451,849
Current liabilities:
Accounts payable	47,843	49,924
Accrued expenses and other current liabilities	63,724	48,853
Current portion of long-term debt	2,739	7,692
Current portion of operating lease liabilities	34,517	32,276
Total current liabilities	148,823	138,745
Long-term debt, net of discount and current portion	196,446	196,511
Long-term debt, net of discount - related party	8,428	5,605
Deferred income taxes	10,233	10,704
Operating lease liabilities, net of current portion	126,205	143,207
Other liabilities	1,257	1,731
Total liabilities	491,392	496,503
Commitments and contingencies (see Note 11)
Shareholders’ Deficit
Common stock, par value $0.01 per share; 50,000,000 shares authorized; 10,151,938 and 10,001,422 shares issued and outstanding at October 29, 2022 and January 29, 2022, respectively	102	100
Additional paid-in capital	211,268	209,747
Accumulated deficit	(213,362)	(254,501)
Total shareholders’ deficit	(1,992)	(44,654)
Total liabilities and shareholders’ deficit	$ 489,400	$ 451,849

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 29, 2022	Jan. 29, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	10,151,938	10,001,422
Common stock, shares outstanding	10,151,938	10,001,422

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Income Statement [Abstract]
Net sales	$ 150,204	$ 151,731	$ 467,616	$ 440,053
Costs of goods sold (exclusive of depreciation and amortization)	45,181	47,196	140,656	138,339
Gross profit	105,023	104,535	326,960	301,714
Selling, general and administrative expenses	84,873	85,531	254,624	250,516
Impairment of long-lived assets	1,300		1,408
Operating income	18,850	19,004	70,928	51,198
Fair value adjustment of derivative (Note 5)				2,775
Fair value adjustment of warrants - related party (Note 8)				56,984
Interest expense, net	4,348	4,567	11,553	13,130
Interest expense, net - related party	1,092	607	2,823	1,597
Income (loss) before provision for income taxes	13,410	13,830	56,552	(23,288)
Income tax provision	4,491	2,592	15,413	8,430
Net income (loss) and total comprehensive income (loss)	$ 8,919	$ 11,238	$ 41,139	$ (31,718)
Net income (loss) per common share:
Basic	$ 0.64	$ 0.81	$ 2.95	$ (2.65)
Diluted	$ 0.62	$ 0.79	$ 2.89	$ (2.65)
Weighted average common shares:
Basic	13,962,467	13,798,130	13,922,460	11,971,405
Diluted	14,297,925	14,174,218	14,240,486	11,971,405

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Deficit - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Beginning balance at Jan. 30, 2021	$ (96,898)	$ 97	$ 129,363	$ (226,358)
Beginning balance, shares at Jan. 30, 2021		9,631,633
Vesting of restricted stock units		$ 1	(1)
Vesting of restricted stock units, shares		111,248
Surrender of shares to pay withholding taxes	(271)		(271)
Surrender of shares to pay withholding taxes, shares		(31,171)
Equity-based compensation	443		443
Net income (loss)	(18,308)			(18,308)
Ending balance at May. 01, 2021	(115,034)	$ 98	129,534	(244,666)
Ending balance, shares at May. 01, 2021		9,711,710
Beginning balance at Jan. 30, 2021	(96,898)	$ 97	129,363	(226,358)
Beginning balance, shares at Jan. 30, 2021		9,631,633
Net income (loss)	(31,718)
Ending balance at Oct. 30, 2021	(48,867)	$ 100	209,109	(258,076)
Ending balance, shares at Oct. 30, 2021		9,987,999
Beginning balance at May. 01, 2021	(115,034)	$ 98	129,534	(244,666)
Beginning balance, shares at May. 01, 2021		9,711,710
Vesting of restricted stock units, shares		1,075
Surrender of shares to pay withholding taxes	(19)		(19)
Surrender of shares to pay withholding taxes, shares		(318)
Withholding tax on net share settlement of equity-based compensation plans	(7)		(7)
Equity-based compensation	649		649
Shares issued to Priming lenders (See Note 5)	5,212	$ 2	5,210
Shares issued to Priming lenders, shares		272,097
Reclass of warrants to equity (See Note 8)	72,981		72,981
Net income (loss)	(24,648)			(24,648)
Ending balance at Jul. 31, 2021	(60,866)	$ 100	208,348	(269,314)
Ending balance, shares at Jul. 31, 2021		9,984,564
Vesting of restricted stock units, shares		4,864
Surrender of shares to pay withholding taxes, shares		(1,429)
Withholding tax on net share settlement of equity-based compensation plans	(28)		(28)
Equity-based compensation	789		789
Net income (loss)	11,238			11,238
Ending balance at Oct. 30, 2021	(48,867)	$ 100	209,109	(258,076)
Ending balance, shares at Oct. 30, 2021		9,987,999
Beginning balance at Jan. 29, 2022	$ (44,654)	$ 100	209,747	(254,501)
Beginning balance, shares at Jan. 29, 2022	10,001,422	10,001,422
Vesting of restricted stock units, shares		146,852
Surrender of shares to pay withholding taxes	$ (821)		(821)
Surrender of shares to pay withholding taxes, shares		(48,430)
Equity-based compensation	742		742
Net income (loss)	14,415			14,415
Ending balance at Apr. 30, 2022	(30,318)	$ 100	209,668	(240,086)
Ending balance, shares at Apr. 30, 2022		10,099,844
Beginning balance at Jan. 29, 2022	$ (44,654)	$ 100	209,747	(254,501)
Beginning balance, shares at Jan. 29, 2022	10,001,422	10,001,422
Net income (loss)	$ 41,139
Ending balance at Oct. 29, 2022	$ (1,992)	$ 102	211,268	(213,362)
Ending balance, shares at Oct. 29, 2022	10,151,938	10,151,938
Beginning balance at Apr. 30, 2022	$ (30,318)	$ 100	209,668	(240,086)
Beginning balance, shares at Apr. 30, 2022		10,099,844
Vesting of restricted stock units		$ 2	(2)
Vesting of restricted stock units, shares		62,090
Surrender of shares to pay withholding taxes	(244)		(244)
Surrender of shares to pay withholding taxes, shares		(13,430)
Equity-based compensation	976		976
Net income (loss)	17,805			17,805
Ending balance at Jul. 30, 2022	(11,781)	$ 102	210,398	(222,281)
Ending balance, shares at Jul. 30, 2022		10,148,504
Vesting of restricted stock units, shares		4,863
Surrender of shares to pay withholding taxes	(27)		(27)
Surrender of shares to pay withholding taxes, shares		(1,429)
Equity-based compensation	897		897
Net income (loss)	8,919			8,919
Ending balance at Oct. 29, 2022	$ (1,992)	$ 102	$ 211,268	$ (213,362)
Ending balance, shares at Oct. 29, 2022	10,151,938	10,151,938

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021
Statement of Cash Flows [Abstract]
Net income (loss)	$ 41,139	$ (31,718)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization	19,445	22,093
Impairment of long-lived assets	1,408
Adjustment for exited retail stores	(246)	(1,181)
Loss on disposal of fixed assets	231	887
Noncash interest expense, net	4,138	3,567
Noncash change in fair value of derivative		2,775
Noncash change in fair value of warrants - related party		56,984
Equity-based compensation	2,615	1,881
Deferred rent incentives	(539)	(860)
Deferred income taxes	(472)	(58)
Changes in operating assets and liabilities:
Accounts receivable, net	(2,168)	(280)
Inventories	(4,105)	1,132
Prepaid expenses and other current assets	(1,034)	(641)
Accounts payable	(2,767)	(2,288)
Accrued expenses and other current liabilities	14,336	7,833
Operating lease assets and liabilities	(5,360)	(6,754)
Other noncurrent assets and liabilities	99	51
Net cash provided by operating activities	66,720	53,423
Investing activities:
Purchases of property and equipment	(5,173)	(2,488)
Net cash used in investing activities	(5,173)	(2,488)
Financing activities:
Borrowings under revolving credit facility		62,226
Repayments of revolving credit facility		(73,372)
Repayments on debt	(6,332)	(26,399)
Surrender of shares to pay withholding taxes	(1,092)	(324)
Net cash used in financing activities	(7,424)	(37,869)
Net change in cash	54,123	13,066
Cash and cash equivalents:
Beginning of Period	35,957	4,407
End of Period	$ 90,080	$ 17,473

Description of Business

Description of Business	9 Months Ended
	Oct. 29, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	1. Description of Business J.Jill, Inc., “J.Jill” or the “Company”, is a premier omnichannel retailer and nationally recognized women’s apparel brand committed to delighting customers with great wear-now product. The brand represents an easy, thoughtful and inspired style that reflects the confidence of remarkable women who live life with joy, passion and purpose. J.Jill offers a guiding customer experience through 247 stores nationwide and a robust ecommerce platform. J.Jill is headquartered outside Boston.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 29, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation Our interim condensed consolidated financial statements are unaudited. All significant intercompany balances and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted, in accordance with the rules of the Securities and Exchange Commission (the “SEC”) associated with reporting of interim period financial information. We consistently applied the accounting policies described in our Annual Report on Form 10-K (the “2021 Annual Report”) for the fiscal year ended January 29, 2022 (“Fiscal Year 2021”) in preparing these unaudited interim condensed consolidated financial statements. In the opinion of management, these interim condensed consolidated financial statements contain all normal and recurring adjustments necessary to state fairly the financial position and results of operations of the Company. The consolidated balance sheet as of January 29, 2022 is derived from the audited consolidated balance sheet as of that date. The unaudited results of operations for the thirteen and thirty-nine weeks ended October 29, 2022 are not necessarily indicative of future results or results to be expected for the full year ending January 28, 2023 (“Fiscal Year 2022”). You should read these statements in conjunction with our audited consolidated financial statements and related notes in our 2021 Annual Report. Cost of Goods Sold Cost of goods sold (“COGS”) consist of all costs of sold merchandise (net of purchase discounts and vendor allowances). These costs include: • Direct costs of purchased merchandise; • Adjustments to the carrying value of inventory related to realizability and shrinkage; and • Inbound freight to our distribution center. Our COGS and Gross margin may not be comparable to other entities. Some entities, like us, exclude costs related to shipping products to their customers, as well as costs of their distribution network, buying function, store occupancy costs and depreciation and amortization expenses from COGS and include them in selling, general and administrative expenses, whereas other entities include these costs in their COGS. Selling, General and Administrative Expenses Selling, general and administrative expenses consist primarily of: • Payroll and payroll-related expenses; • Store occupancy expenses related to stores, distribution center and our headquarters location, including utilities; • Depreciation of property and equipment and amortization of intangibles; • Advertising expenses: print, digital and social media advertising and catalog production and distribution; • Information technology and communication costs; • Freight associated with shipping products to customers; • Insurance costs; and • Consulting and professional fees. Out-of-Period Item During the second quarter of Fiscal Year 2021, the Company recorded an adjustment to correct prior period overstatements of inventory and understatements of COGS totaling $ 1.5 million ($ 1.1 million after taxes). The errors were primarily caused by an overstatement of inventory transferred from certain locations. Management evaluated the impacts of the out-of-period adjustment to correct the errors for the thirty-nine weeks ended October 30, 2021 and for prior periods, both individually and in the aggregate, and concluded that the adjustment was not material to the Company’s consolidated annual or interim financial statements for all impacted periods. No such adjustments were recorded for the thirty-nine weeks ended October 29, 2022 . Recently Adopted Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, “Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes”. This ASU eliminates certain exceptions to the general approach in ASC Topic 740 and includes methods of simplification to the existing guidance. This standard was adopted by the Company in the first quarter of Fiscal Year 2022. The adoption of this standard had no material impact on the Company’s condensed consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform”, which provides temporary optional guidance to companies impacted by the transition away from the London Interbank Offered Rate (“LIBOR”). The guidance provides certain expedients and exceptions to applying GAAP in order to lessen the potential accounting burden when contracts, hedging relationships, and other transactions that reference LIBOR as a benchmark rate are modified. The guidance is currently effective and may be applied prospectively at any point through December 31, 2022. The Company determined this standard did not have an impact on the Company's condensed consolidated financial statements.

Revenues

Revenues	9 Months Ended
	Oct. 29, 2022
Revenue from Contract with Customer [Abstract]
Revenues	3. Revenues Disaggregation of Revenue Net sales consists primarily of revenues, net of merchandise returns and discounts, generated from the sale of apparel and accessory merchandise through retail stores (“Retail”) and through our website and catalog orders (“Direct”). Net sales also include shipping and handling fees collected from customers, royalty revenues and marketing reimbursements related to our private label credit card agreement. Retail revenue is recognized at the time of sale and Direct revenue is recognized upon shipment of merchandise to the customer. The following table presents disaggregated revenues by source (in thousands): For the Thirteen Weeks Ended For the Thirty-Nine Weeks Ended October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Retail $ 81,800 $ 83,629 $ 253,093 $ 223,973 Direct 68,404 68,102 214,523 216,080 Net revenues $ 150,204 $ 151,731 $ 467,616 $ 440,053 Contract Liabilities The Company recognizes a contract liability when it has received consideration from the customer and has a future obligation to the customer. Total contract liabilities consisted of the following (in thousands): October 29, 2022 January 29, 2022 Contract liabilities: Signing bonus (1) $ 118 $ 224 Unredeemed gift cards 5,181 7,410 Total contract liabilities $ 5,299 $ 7,634 (1) The short-term portion of the signing bonus is included in Accrued expenses and other current liabilities on the Company’s condensed consolidated balance sheets as of October 29, 2022 and January 29, 2022. The long-term portion of the signing bonus is included in Other long-term liabilities on the Company’s condensed consolidated balance sheet as of January 29, 2022. As of October 29, 2022 , the Company only had the short-term portion of signing bonus remaining. For the thirteen and thirty-nine weeks ended October 29, 2022, the Company recognized approximately $ 1.8 million and $ 7.3 million, respectively, of revenue related to gift card redemptions and breakage. For the thirteen and thirty-nine weeks ended October 30, 2021, the Company recognized approximately $ 1.9 million and $ 6.9 million, respectively, of revenue related to gift card redemptions and breakage. Revenue recognized consists of gift cards that were part of the unredeemed gift card balance at the beginning of the period as well as gift cards that were issued and redeemed during the period. Performance Obligations The Company has a remaining performance obligation of $ 0.1 million for a signing bonus related to the private label credit card agreement that is being amortized to revenue evenly through the third quarter of the fiscal year ending January 27, 2024. Unredeemed gift cards also require a performance obligation for revenue to be recognized, but substantially all gift cards are redeemed in the first year of issuance. Practical Expedients and Policy Elections The Company excludes from its revenue all amounts collected from customers for sales taxes that are remitted to taxing authorities. Shipping and handling activities that occur after control of related goods transfers to the customer are accounted for as fulfillment activities rather than assessing these activities as performance obligations. The Company does not disclose remaining performance obligations that have an expected duration of one year or less.

Asset Impairments

Asset Impairments	9 Months Ended
	Oct. 29, 2022
Income Statement [Abstract]
Asset Impairments	4. Asset Impairments Long-lived Asset Impairments In the first quarter and third quarter of Fiscal Year 2022 , the Company reduced the net carrying value of certain long-lived assets to their estimated fair value, which was determined using a discounted cash flows method. Noncash impairment charges of $ 0.6 million related primarily to a right-of-use asset arose from the revised sublease assumptions relating to one floor of the corporate headquarters located in Quincy, Massachusetts that was vacated in July 2019. Additionally, due to the Company's revised outlook on future cash flows at certain store locations, the Company incurred noncash impairment charges of $ 0.7 million related primarily to leasehold improvements and furniture and fixtures at five locations. The Company did not record any impairments on long-lived assets during the thirty-nine weeks ended October 30, 2021. Goodwill and Other Intangible Assets The balance of goodwill was $ 59.7 million at October 29, 2022 and January 29, 2022. The accumulated goodwill impairment losses as of October 29, 2022 are $ 137.3 million. A summary of other intangible assets as of October 29, 2022 and January 29, 2022 is as follows (in thousands): October 29, 2022 Weighted Average Useful Life (Years) Gross Accumulated Amortization Accumulated Impairment Carrying Amount Indefinite-lived: Trade name N/A $ 58,100 $ — $ 24,100 $ 34,000 Definite-lived: Customer relationships 13.2 134,200 90,511 2,620 41,069 Total intangible assets $ 192,300 $ 90,511 $ 26,720 $ 75,069 January 29, 2022 Weighted Average Useful Life (Years) Gross Accumulated Amortization Accumulated Impairment Carrying Amount Indefinite-lived: Trade name N/A $ 58,100 $ — $ 24,100 $ 34,000 Definite-lived: Customer relationships 13.2 134,200 84,869 2,620 46,711 Total intangible assets $ 192,300 $ 84,869 $ 26,720 $ 80,711 Total amortization expense for these amortizable intangible assets was $ 1.9 million and $ 2.1 million for the thirteen weeks ended October 29, 2022 and October 30, 2021, respectively, and $ 5.6 million and $ 6.2 million for the thirty-nine weeks ended October 29, 2022 and October 30, 2021, respectively. The estimated amortization expense for each of the next five years and thereafter is as follows (in thousands): Fiscal Year Estimated Amortization Expense 2022 (1) $ 1,881 2023 6,942 2024 5,231 2025 4,693 2026 4,556 Thereafter 17,766 Total $ 41,069 (1) Represents amortization expense for remainder of Fiscal Year 2022. Goodwill and indefinite-lived intangible assets are not amortized but are reviewed for impairment at least annually at fiscal year-end, or more frequently when events or changes in circumstances indicate that the carrying value may not be recoverable. Definite-lived intangible assets are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable. Judgments regarding indicators of potential impairment are based on market conditions and operational performance of the business. For goodwill and other intangible assets, the Company performed the required review for potential impairments and no impairments were indicated.

Debt

Debt	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Debt	5. Debt The components of the Company’s outstanding long-term debt at October 29, 2022 and January 29, 2022 were as follows (in thousands): At October 29, 2022 Outstanding Balance Original Issue Discount Capitalized Fees & Expenses Balance Sheet Priming Term Loan due 2024 $ 202,033 $ ( 930 ) $ ( 1,918 ) $ 199,185 Subordinated Term Loan due 2024 19,748 — ( 11,320 ) 8,428 Totals 221,781 ( 930 ) ( 13,238 ) 207,613 Less: Current portion ( 2,739 ) — — ( 2,739 ) Net long-term debt $ 219,042 $ ( 930 ) $ ( 13,238 ) $ 204,874 At January 29, 2022 Outstanding Balance Original Issue Discount Capitalized Fees & Expenses Balance Sheet Existing Term Loan due 2022 $ 4,963 $ ( 10 ) $ — $ 4,953 Priming Term Loan due 2024 203,403 ( 1,356 ) ( 2,797 ) 199,250 Subordinated Term Loan due 2024 17,829 — ( 12,224 ) 5,605 Totals 226,195 ( 1,366 ) ( 15,021 ) 209,808 Less: Current portion ( 7,692 ) — — ( 7,692 ) Net long-term debt $ 218,503 $ ( 1,366 ) $ ( 15,021 ) $ 202,116 Existing Term Loan The Company was party to a term loan credit agreement, dated May 8, 2015, as amended, until it was re-paid on May 8, 2022 . Priming Term Loan The Company is party to a senior secured priming term loan facility, dated September 30, 2020 (the “Priming Loan” and, the lenders thereunder, the “Priming Lenders”). The maturity date of the Priming Credit Agreement is May 8, 2024 , and the loans under the Priming Credit Agreement bear interest at the Company’s election at: (1) Base Rate (as defined in the Priming Credit Agreement) plus 4.00 % or (2) LIBOR plus 5.00 %, with a minimum LIBOR per annum of 1.00 %, with the interest payable on a quarterly basis. The Priming Credit Agreement offered the option to make a principal paydown of at least $ 25.0 million by August 30, 2021; otherwise, there would be a paid-in-kind (“PIK”) interest rate increase and a PIK fee. On August 27, 2021, the Company made the principal paydown of $ 25.0 million to avoid additional PIK and interest fees. In accordance with the Priming Credit Agreement, on May 31, 2021, the Company had the choice (the “May 31, 2021 Option”) to either (i) repay a stated principal amount of the loans under the Priming Credit Agreement, together with accrued and unpaid interest thereon or (ii) issue additional shares of common stock to the Priming Lenders in an amount as defined in the Priming Credit Agreement. On May 31, 2021, and within the terms of the Priming Loan, the Company chose to issue 272,097 additional shares of common stock to the Priming Lenders with a value of approximately $ 5.2 million (based on the value of those shares as of close on that date). The May 31, 2021 Option was considered an embedded derivative within the Priming Loan that was required to be adjusted to fair value each period while it was outstanding, with the adjustment being recorded in income. The Company’s obligations under the Priming Credit Agreement are secured by substantially all of the real and personal property of the Company and certain of its subsidiaries, subject to certain customary exceptions. The Priming Credit Agreement includes customary negative covenants, including covenants limiting the ability of the Company to, among other things, incur additional indebtedness, create liens on assets, make investments, loans or advances, engage in mergers, consolidations, sales of assets and purchases, pay dividends and distributions, enter into transactions with affiliates, and make payments in respect of junior indebtedness. The Priming Credit Agreement also has certain financial covenants, including (1) a minimum liquidity covenant that generally requires minimum liquidity on a weekly basis of $ 15.0 million, (2) a first lien net leverage ratio that requires compliance beginning in the fourth quarter of Fiscal Year 2021 with a net leverage ratio of 5 :1, which reduces over time, and (3) limits on capital expenditures of $ 20.0 million annually. As of October 29, 2022 and January 29, 2022 , the Company was in compliance with all covenants. Subordinated Term Loan On September 30, 2020, the Company entered into a subordinated facility, with the Subordinated Lenders (as defined in Note 10, Related Party Transactions ), that provides for a secured term loan facility in an aggregate principal amount equal to $ 15.0 million with an additional incremental capacity subject to certain customary conditions (the “Subordinated Facility”). The maturity date of the Subordinated Facility is November 8, 2024 . Loans under the Subordinated Facility bear interest at the Borrower’s election at (1) Base Rate (as defined in the Subordinated Facility) plus 11.00 % or (2) LIBOR plus 12.00 %, with a minimum LIBOR per annum of 1.00 %. The Subordinated Facility is secured by substantially all of the real and personal property of the Company. The Subordinated Facility includes customary negative covenants for subordinated term loan agreements of this type, including covenants limiting the ability of the Company to, among other things, incur additional indebtedness, create liens on assets, make investments, loans or advances, engage in mergers, consolidations, sales of assets and purchases, pay dividends and distributions, enter into transactions with affiliates, and make payments in respect of junior indebtedness. The Subordinated Facility also has certain financial covenants, including (1) a minimum liquidity covenant that generally requires minimum liquidity on a weekly basis of $ 12.75 million, (2) a first lien net leverage ratio that requires compliance beginning in the fourth quarter of Fiscal Year 2021 with a net leverage ratio of 5.75 :1, which reduces over time, and (3) limits on capital spending of $ 23.0 million annually. The difference between the carrying value of the subordinated facility debt and the principal amount is being accreted over the term of the debt using the effective interest method. As of October 29, 2022 and January 29, 2022 , the Company was in compliance with all covenants. On May 31, 2021, in accordance with the Subordinated Facility, the Company issued warrants to the Subordinated Lenders . See Note 8 , Net Income (Loss) Per Share for additional information regarding the warrants. Asset-Based Revolving Credit Agreement The Company is party to a secured $ 40.0 million asset-based revolving credit facility agreement (the “ABL Facility”). On April 15, 2022, the Company entered into an Amendment No. 5 to its ABL Credit Agreement (the “ABL Amendment”), by and among the Company, Jill Acquisition LLC, J.Jill Gift Card Solutions, Inc., Jill Intermediate LLC, the other guarantors party thereto from time to time, the other lenders party thereto from time to time and CIT Finance LLC, as the administrative agent and collateral agent. The ABL Amendment (i) extended the maturity date of the ABL Facility from May 8, 2023 to May 8, 2024, provided that if by November 4, 2023, the Priming Loan maturity date has not been appropriately extended to a date that is at least November 4, 2024, then the ABL Facility maturity date shall automatically be deemed to be November 4, 2023, and (ii) changed the benchmark interest rate applicable to the loans under the ABL Facility from LIBOR to the forward-looking secured overnight financing rate. Borrowings under the ABL Facility are secured by a first lien on accounts receivable and inventory. In connection with the ABL Facility, the Company is subject to various financial reporting (including with respect to liquidity), financial and other covenants. Affirmative covenants include providing timely quarterly and annual financial statements and prompt notification of the occurrence of any event of default or any other event, change or circumstance that has had, or could reasonably be expected to have, a material adverse effect as defined in the ABL Facility. In addition, there are negative covenants, including certain restrictions on the Company’s ability to incur additional indebtedness, create liens, enter into transactions with affiliates, transfer assets, pay dividends, consolidate or merge with other entities, make advances, investments and loans or modify its organizational documents. The ABL Facility also includes certain financial maintenance covenants, including a requirement to maintain a fixed charge coverage ratio greater than or equal to 1.00 :1.00 if availability under the ABL Facility is less than specified levels. As of October 29, 2022 and January 29, 2022, the Company was in compliance with all covenants. The Company had no short-term borrowings under the Company’s ABL Facility as of October 29, 2022 and January 29, 2022. The Company’s available borrowing capacity under the ABL Facility as of October 29, 2022 and January 29, 2022 was $ 33.0 million and $ 22.6 million, respectively. As of October 29, 2022 and January 29, 2022, there were outstanding letters of credit of $ 7.0 million and $ 4.5 million, respectively which reduced the availability under the ABL Facility. As of October 29, 2022 , the maximum commitment for letters of credit was $ 10.0 million.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 29, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value require the Company to maximize the use of observable inputs and minimize the use of unobservable inputs. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable: • Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Observable inputs, other than Level 1 prices, such as quoted prices for similar assets or liabilities in active markets; quoted prices for similar assets or liabilities in markets that are not active; or other inputs other than quoted prices that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities, including interest rates and yield curves, and market corroborated inputs. • Level 3 - Unobservable inputs for the assets or liabilities that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. These are valued based on management’s estimates and assumptions that market participants would use in pricing the asset or liabilities. The following table presents the carrying value and fair value hierarchy for debt as of October 29, 2022 and January 29, 2022, respectively (in thousands): Fair Value as of October 29, 2022 Carrying Value Level 1 Level 2 Level 3 Financial instruments not carried at fair value: Total debt $ 207,613 $ — $ 216,381 $ — Total financial instruments not carried at fair value $ 207,613 $ — $ 216,381 $ — Fair Value as of January 29, 2022 Carrying Value Level 1 Level 2 Level 3 Financial instruments not carried at fair value: Total debt $ 209,808 $ — $ 203,485 $ — Total financial instruments not carried at fair value $ 209,808 $ — $ 203,485 $ — The Company’s debt instruments include the Priming Loan, Subordinated Facility, as well as the Term Loan until re-paid on May 8, 2022. The debt instruments are recorded at cost, net of debt issuance costs and any related discount. The fair value of the debt instruments is obtained based on observable market prices quoted on public exchanges for similar instruments. The methodology used by the Company to determine the fair value of its financial instruments at October 29, 2022, is the same as that used at January 29, 2022. The Company believes that the carrying amounts of its other financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and any amounts drawn on its revolving credit facilities, consisting primarily of instruments without extended maturities, based on management’s estimates, approximates their fair value due to the short-term maturities of these instruments. Assets and Liabilities with Recurring Fair Value Measurements - Certain assets and liabilities may be measured at fair value on an ongoing basis. We did not elect to apply the fair value option for recording financial assets and financial liabilities. Other than total debt, we do not have any assets or liabilities which we measure at fair value on a recurring basis. Assets and Liabilities with Nonrecurring Fair Value Measurements - Certain assets and liabilities are not measured at fair value on an ongoing basis. These assets and liabilities, which include long-lived assets, goodwill, and intangible assets are subject to fair value adjustment in certain circumstances. From time to time, the fair value is determined on these assets and liabilities as part of related impairment tests or for disclosure purposes. See Note 4, Asset Impairments , for additional information.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 29, 2022
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes The Company recorded an income tax provision of $ 4.5 million and $ 2.6 million during the thirteen weeks ended October 29, 2022 and October 30, 2021, respectively. The Company recorded an income tax provision of $ 15.4 million and $ 8.4 million for the thirty-nine weeks ended October 29, 2022 and October 30, 2021, respectively. The effective tax rate for the thirteen and thirty-nine weeks ended October 29, 2022 differs from the federal statutory rate of 21 % primarily due to the impact of state and local income taxes, return to provision adjustments and partial release of its valuation allowance on state deferred tax assets. The effective tax rate for the thirteen and thirty-nine weeks ended October 30, 2021 differs from the federal statutory rate of 21 % primarily due to the nondeductible fair value adjustment of the warrants and the Priming Loan embedded derivative, the impact of executive compensation limitations and the impact of state and local income taxes.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Oct. 29, 2022
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	8. Net Income (Loss) Per Share The following table summarizes the computation of basic and diluted net income (loss) per common share (“EPS”) (in thousands, except share and per share data): For the Thirteen Weeks Ended For the Thirty-Nine Weeks Ended October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Numerator Net income (loss) attributable to common shareholders $ 8,919 $ 11,238 $ 41,139 $ ( 31,718 ) Denominator Weighted average number of common shares outstanding 10,152,538 9,987,435 10,112,911 9,849,700 Assumed exercise of warrants 3,809,929 3,810,695 3,809,549 2,121,705 Weighted average common shares, basic 13,962,467 13,798,130 13,922,460 11,971,405 Dilutive effect of stock options and restricted shares 335,458 376,088 318,026 — Weighted average common shares, diluted 14,297,925 14,174,218 14,240,486 11,971,405 Net income (loss) per common share, basic $ 0.64 $ 0.81 $ 2.95 $ ( 2.65 ) Net income (loss) per common share, diluted $ 0.62 $ 0.79 $ 2.89 $ ( 2.65 ) Equity compensation awards are excluded from the diluted earnings per share calculation when their inclusion would have an antidilutive effect such as when the Company has a net loss for the reporting period, or if the assumed proceeds per share of the award is in excess of the related fiscal period’s average price of the Company’s common stock. Accordingly, 110,982 and 136,546 shares for the thirteen and thirty-nine weeks ended October 29, 2022 and 210,204 and 702,278 shares for the thirteen and thirty-nine weeks ended October 30, 2021, respectively, were excluded from the diluted earnings per share calculation because their inclusion would be antidilutive. Warrants As described in Note 5, Debt , on May 31, 2021 the Company chose to issue 272,097 additional shares of common stock to the Priming L enders. As a result of this choice, the warrants related to the holders of the Subordinated Term Loan became exercisable into 3,820,748 shares of common stock for an aggregate exercise price of $ 186,000 . Also, the warrants liability totaling $ 73.0 million was reclassed to Additional paid-in capital because from that date they can only be settled by exercise of the warrants into common stock (i.e., cash is no longer a settlement option). Through May 31, 2021, due to increases in the Company’s common stock price, the Company recognized $ 39.0 million and $ 59.8 million of non-cash fair value adjustment charges in the condensed consolidated statements of operations and comprehensive income during the thirty-nine weeks ended October 30, 2021. Also, effective May 31, 2021 the warrants have been included in the denominator for both basic and diluted EPS calculations as the exercise of the warrants is near certain because the exercise price is non substantive in relation to the fair value of the common shares to be issued upon exercise.

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Oct. 29, 2022
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation	9. Equity-Based Compensation Equity-based compensation expense was $ 0.9 million and $ 2.6 million for the thirteen and thirty-nine weeks ended October 29, 2022, respectively, and $ 0.8 million and $ 1.9 million for the thirteen and thirty-nine weeks ended October 30, 2021 , respectively.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Oct. 29, 2022
Related Party Transactions [Abstract]
Related Party Transactions	10. Related Party Transactions On September 30, 2020, the Company entered into the Subordinated Facility, with a group of lenders that includes certain affiliates of TowerBrook Capital Partners L.P. (“TowerBrook”) and our Chairman of the board of directors (the “Subordinated Lenders”). In accordance with the Subordinated Facility, the Company issued warrants to the Subordinated Lenders (See Note 5, Debt, and Note 8 , Net Income (Loss) Per Share ). For the thirteen and thirty-nine weeks ended October 29, 2022 the Company incurred $ 1.1 million and $ 2.8 million , respectively, of Interest expense, net – related party associated with the Subordinated Facility in the condensed consolidated statements of operations and comprehensive income. For the thirteen weeks ended October 30, 2021 the Company incurred $ 0.6 million of Interest expense, net – related party. For the thirty-nine weeks ended October 30, 2021, the Company incurred $ 57.0 million and $ 1.6 million , respectively, of Fair value adjustment of warrants – related party and Interest expense, net – related party. For the thirteen and thirty-nine weeks ended October 29, 2022 and October 30, 2021 , the Company incurred an immaterial amount of other related party transactions.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 29, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Legal Proceedings The Company is subject to various legal proceedings that arise in the ordinary course of business. Although the outcome of such proceedings cannot be predicted with certainty, management does not believe that the Company is presently party to any legal proceedings the resolution of which management believes would have a material adverse effect on the Company’s financial statements. The Company establishes reserves for specific legal matters when the Company determines that the likelihood of an unfavorable outcome is probable, and the loss is reasonably estimable.

Subsequent Event

Subsequent Event	9 Months Ended
	Oct. 29, 2022
Subsequent Events [Abstract]
Subsequent Event	12. Subseque nt Event In October 2022, the Company received an $ 8.3 million federal income tax payment from the Internal Revenue Service (“IRS”), which increased operating cash flow for the period ended October 29, 2022. In November 2022, the Company determined the payment was made in error by the IRS. Accordingly, the Company repaid the full amount to the IRS. Separately, in November 2022, the Company received the remaining expected federal income tax refund of $ 9.2 million related to the fiscal year ended January 30, 2021. This amount was recorded as a federal income tax receivable and included as a component of Prepaid expenses and other current assets on the Company’s consolidated balance sheets as of October 29, 2022 and January 29, 2022, respectively. The repayment of the $ 8.3 million and receipt of the $ 9.2 million will result in a net $ 0.9 million increase in operating cash flow during the fourth quarter of Fiscal Year 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 29, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our interim condensed consolidated financial statements are unaudited. All significant intercompany balances and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted, in accordance with the rules of the Securities and Exchange Commission (the “SEC”) associated with reporting of interim period financial information. We consistently applied the accounting policies described in our Annual Report on Form 10-K (the “2021 Annual Report”) for the fiscal year ended January 29, 2022 (“Fiscal Year 2021”) in preparing these unaudited interim condensed consolidated financial statements. In the opinion of management, these interim condensed consolidated financial statements contain all normal and recurring adjustments necessary to state fairly the financial position and results of operations of the Company. The consolidated balance sheet as of January 29, 2022 is derived from the audited consolidated balance sheet as of that date. The unaudited results of operations for the thirteen and thirty-nine weeks ended October 29, 2022 are not necessarily indicative of future results or results to be expected for the full year ending January 28, 2023 (“Fiscal Year 2022”). You should read these statements in conjunction with our audited consolidated financial statements and related notes in our 2021 Annual Report.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold (“COGS”) consist of all costs of sold merchandise (net of purchase discounts and vendor allowances). These costs include: • Direct costs of purchased merchandise; • Adjustments to the carrying value of inventory related to realizability and shrinkage; and • Inbound freight to our distribution center. Our COGS and Gross margin may not be comparable to other entities. Some entities, like us, exclude costs related to shipping products to their customers, as well as costs of their distribution network, buying function, store occupancy costs and depreciation and amortization expenses from COGS and include them in selling, general and administrative expenses, whereas other entities include these costs in their COGS.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses Selling, general and administrative expenses consist primarily of: • Payroll and payroll-related expenses; • Store occupancy expenses related to stores, distribution center and our headquarters location, including utilities; • Depreciation of property and equipment and amortization of intangibles; • Advertising expenses: print, digital and social media advertising and catalog production and distribution; • Information technology and communication costs; • Freight associated with shipping products to customers; • Insurance costs; and Consulting and professional fees.
Out-of-Period Item	Out-of-Period Item During the second quarter of Fiscal Year 2021, the Company recorded an adjustment to correct prior period overstatements of inventory and understatements of COGS totaling $ 1.5 million ($ 1.1 million after taxes). The errors were primarily caused by an overstatement of inventory transferred from certain locations. Management evaluated the impacts of the out-of-period adjustment to correct the errors for the thirty-nine weeks ended October 30, 2021 and for prior periods, both individually and in the aggregate, and concluded that the adjustment was not material to the Company’s consolidated annual or interim financial statements for all impacted periods. No such adjustments were recorded for the thirty-nine weeks ended October 29, 2022 .
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, “Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes”. This ASU eliminates certain exceptions to the general approach in ASC Topic 740 and includes methods of simplification to the existing guidance. This standard was adopted by the Company in the first quarter of Fiscal Year 2022. The adoption of this standard had no material impact on the Company’s condensed consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform”, which provides temporary optional guidance to companies impacted by the transition away from the London Interbank Offered Rate (“LIBOR”). The guidance provides certain expedients and exceptions to applying GAAP in order to lessen the potential accounting burden when contracts, hedging relationships, and other transactions that reference LIBOR as a benchmark rate are modified. The guidance is currently effective and may be applied prospectively at any point through December 31, 2022. The Company determined this standard did not have an impact on the Company's condensed consolidated financial statements.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Oct. 29, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenues by Source	The following table presents disaggregated revenues by source (in thousands): For the Thirteen Weeks Ended For the Thirty-Nine Weeks Ended October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Retail $ 81,800 $ 83,629 $ 253,093 $ 223,973 Direct 68,404 68,102 214,523 216,080 Net revenues $ 150,204 $ 151,731 $ 467,616 $ 440,053
Schedule of Contract Liabilities	Total contract liabilities consisted of the following (in thousands): October 29, 2022 January 29, 2022 Contract liabilities: Signing bonus (1) $ 118 $ 224 Unredeemed gift cards 5,181 7,410 Total contract liabilities $ 5,299 $ 7,634 (1) The short-term portion of the signing bonus is included in Accrued expenses and other current liabilities on the Company’s condensed consolidated balance sheets as of October 29, 2022 and January 29, 2022. The long-term portion of the signing bonus is included in Other long-term liabilities on the Company’s condensed consolidated balance sheet as of January 29, 2022. As of October 29, 2022 , the Company only had the short-term portion of signing bonus remaining.

Asset Impairments (Tables)

Asset Impairments (Tables)	9 Months Ended
	Oct. 29, 2022
Income Statement [Abstract]
Schedule of Gross Carrying Amount of Finite-lived Intangible Assets Amortization Expense	A summary of other intangible assets as of October 29, 2022 and January 29, 2022 is as follows (in thousands): October 29, 2022 Weighted Average Useful Life (Years) Gross Accumulated Amortization Accumulated Impairment Carrying Amount Indefinite-lived: Trade name N/A $ 58,100 $ — $ 24,100 $ 34,000 Definite-lived: Customer relationships 13.2 134,200 90,511 2,620 41,069 Total intangible assets $ 192,300 $ 90,511 $ 26,720 $ 75,069 January 29, 2022 Weighted Average Useful Life (Years) Gross Accumulated Amortization Accumulated Impairment Carrying Amount Indefinite-lived: Trade name N/A $ 58,100 $ — $ 24,100 $ 34,000 Definite-lived: Customer relationships 13.2 134,200 84,869 2,620 46,711 Total intangible assets $ 192,300 $ 84,869 $ 26,720 $ 80,711
Summary of Estimated Amortization Expense	The estimated amortization expense for each of the next five years and thereafter is as follows (in thousands): Fiscal Year Estimated Amortization Expense 2022 (1) $ 1,881 2023 6,942 2024 5,231 2025 4,693 2026 4,556 Thereafter 17,766 Total $ 41,069 (1) Represents amortization expense for remainder of Fiscal Year 2022.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Components of Outstanding Long-term Debt	The components of the Company’s outstanding long-term debt at October 29, 2022 and January 29, 2022 were as follows (in thousands): At October 29, 2022 Outstanding Balance Original Issue Discount Capitalized Fees & Expenses Balance Sheet Priming Term Loan due 2024 $ 202,033 $ ( 930 ) $ ( 1,918 ) $ 199,185 Subordinated Term Loan due 2024 19,748 — ( 11,320 ) 8,428 Totals 221,781 ( 930 ) ( 13,238 ) 207,613 Less: Current portion ( 2,739 ) — — ( 2,739 ) Net long-term debt $ 219,042 $ ( 930 ) $ ( 13,238 ) $ 204,874 At January 29, 2022 Outstanding Balance Original Issue Discount Capitalized Fees & Expenses Balance Sheet Existing Term Loan due 2022 $ 4,963 $ ( 10 ) $ — $ 4,953 Priming Term Loan due 2024 203,403 ( 1,356 ) ( 2,797 ) 199,250 Subordinated Term Loan due 2024 17,829 — ( 12,224 ) 5,605 Totals 226,195 ( 1,366 ) ( 15,021 ) 209,808 Less: Current portion ( 7,692 ) — — ( 7,692 ) Net long-term debt $ 218,503 $ ( 1,366 ) $ ( 15,021 ) $ 202,116

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 29, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the carrying value and fair value hierarchy for debt as of October 29, 2022 and January 29, 2022, respectively (in thousands): Fair Value as of October 29, 2022 Carrying Value Level 1 Level 2 Level 3 Financial instruments not carried at fair value: Total debt $ 207,613 $ — $ 216,381 $ — Total financial instruments not carried at fair value $ 207,613 $ — $ 216,381 $ — Fair Value as of January 29, 2022 Carrying Value Level 1 Level 2 Level 3 Financial instruments not carried at fair value: Total debt $ 209,808 $ — $ 203,485 $ — Total financial instruments not carried at fair value $ 209,808 $ — $ 203,485 $ —

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Oct. 29, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income (Loss) Per Common Share	The following table summarizes the computation of basic and diluted net income (loss) per common share (“EPS”) (in thousands, except share and per share data): For the Thirteen Weeks Ended For the Thirty-Nine Weeks Ended October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Numerator Net income (loss) attributable to common shareholders $ 8,919 $ 11,238 $ 41,139 $ ( 31,718 ) Denominator Weighted average number of common shares outstanding 10,152,538 9,987,435 10,112,911 9,849,700 Assumed exercise of warrants 3,809,929 3,810,695 3,809,549 2,121,705 Weighted average common shares, basic 13,962,467 13,798,130 13,922,460 11,971,405 Dilutive effect of stock options and restricted shares 335,458 376,088 318,026 — Weighted average common shares, diluted 14,297,925 14,174,218 14,240,486 11,971,405 Net income (loss) per common share, basic $ 0.64 $ 0.81 $ 2.95 $ ( 2.65 ) Net income (loss) per common share, diluted $ 0.62 $ 0.79 $ 2.89 $ ( 2.65 )

Description of Business - Addit

Description of Business - Additional Information (Detail)	Oct. 29, 2022 Store
Minimum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of stores	247

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Jul. 31, 2021	Oct. 29, 2022
Schedule Of Significant Accounting Policies [Line Items]
Cost of goods and services sold	$ 1,500,000
(Loss) income of cost of goods and service sold after taxes	$ 1,100,000	$ 0

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregated Revenues by Source (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Disaggregation Of Revenue [Line Items]
Net revenues	$ 150,204	$ 151,731	$ 467,616	$ 440,053
Retail [Member]
Disaggregation Of Revenue [Line Items]
Net revenues	81,800	83,629	253,093	223,973
Direct [Member]
Disaggregation Of Revenue [Line Items]
Net revenues	$ 68,404	$ 68,102	$ 214,523	$ 216,080

Revenues - Schedule of Contract

Revenues - Schedule of Contract Liabilities (Detail) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022
Contract liabilities:
Signing bonus	$ 118	$ 224
Unredeemed gift cards	5,181	7,410
Total contract liabilities	$ 5,299	$ 7,634

Revenues - Additional Informati

Revenues - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021	Jan. 29, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized related to gift card redemptions and breakage	$ 1.8	$ 1.9	$ 7.3	$ 6.9
Signing bonus					$ 0.1

Asset Impairments - Additional

Asset Impairments - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended		9 Months Ended
	Oct. 29, 2022 USD ($) Location	Oct. 29, 2022 USD ($) Location	Oct. 30, 2021 USD ($)	Oct. 29, 2022 USD ($) Location	Oct. 30, 2021 USD ($)	Jan. 29, 2022 USD ($)
Goodwill	$ 59,697	$ 59,697		$ 59,697		$ 59,697
Impairment of long-lived assets	1,300			1,408
Goodwill, impaired, accumulated impairment loss	$ 137,300	137,300		137,300
Amortization expense for intangible assets		$ 1,900	$ 2,100	5,600	$ 6,200
Right-of-Use Asset [Member]
Impairment of long-lived assets				600
Leasehold Improvements and Furniture and Fixtures [Member]
Impairment of long-lived assets				$ 700
Number of locations | Location	5	5		5

Asset Impairments - Summary of

Asset Impairments - Summary of Other Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 29, 2022	Jan. 29, 2022
Definite-lived Intangible Assets, Accumulated Amortization	$ 90,511	$ 84,869
Definite-lived Intangible Assets, Accumulated Impairment	26,720	26,720
Definite-lived Intangible Assets, Carrying Amount	75,069	80,711
Total Intangible Assets, Gross	192,300	192,300
Trade Name [Member]
Indefinite-lived, Gross	58,100	58,100
Indefinite-lived, Accumulated Impairment	24,100	24,100
Indefinite-lived, Carrying Amount	$ 34,000	$ 34,000
Customer Relationships [Member]
Useful Life	13 years 2 months 12 days	13 years 2 months 12 days
Definite-lived Intangible Assets, Gross	$ 134,200	$ 134,200
Definite-lived Intangible Assets, Accumulated Amortization	90,511	84,869
Definite-lived Intangible Assets, Accumulated Impairment	2,620	2,620
Definite-lived Intangible Assets, Carrying Amount	$ 41,069	$ 46,711

Asset Impairments - Summary o_2

Asset Impairments - Summary of Estimated Amortization Expense (Detail) $ in Thousands	Oct. 29, 2022 USD ($)
Fiscal Year
2022	$ 1,881
2023	6,942
2024	5,231
2025	4,693
2026	4,556
Thereafter	17,766
Total	$ 41,069

Debt - Components of Outstandin

Debt - Components of Outstanding Long-term Debt (Detail) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022
Debt Instrument [Line Items]
Outstanding Balance	$ 221,781	$ 226,195
Original Issue Discount	(930)	(1,366)
Capitalized Fees & Expenses	(13,238)	15,021
Balance Sheet	207,613	209,808
Outstanding Balance, Current portion	(2,739)	(7,692)
Balance Sheet, Current portion	(2,739)	(7,692)
Outstanding Balance, Net long-term debt	219,042	218,503
Capitalized Fees & Expenses, Net long-term debt	(13,238)	(15,021)
Balance Sheet, Net long-term debt	204,874	202,116
Existing Term Loan due 2022 [Member]
Debt Instrument [Line Items]
Outstanding Balance		4,963
Original Issue Discount		(10)
Balance Sheet		4,953
Subordinated Term Loan Due 2024 [Member]
Debt Instrument [Line Items]
Outstanding Balance	19,748	17,829
Capitalized Fees & Expenses	(11,320)	(12,224)
Balance Sheet	8,428	5,605
Secured Debt [Member] | Priming Term Loan Due 2024 [Member]
Debt Instrument [Line Items]
Outstanding Balance	202,033	203,403
Original Issue Discount	(930)	(1,356)
Capitalized Fees & Expenses	(1,918)	(2,797)
Balance Sheet	$ 199,185	$ 199,250

Debt - Existing Term Loan (Deta

Debt - Existing Term Loan (Detail)	9 Months Ended
	Oct. 29, 2022
Debt Instrument [Line Items]
Debt instrument, periodic payment maturity date	May 08, 2022

Debt - Priming Term Loan (Detai

Debt - Priming Term Loan (Detail) $ in Millions				9 Months Ended
	Aug. 30, 2021 USD ($)	Aug. 27, 2021 USD ($)	May 31, 2021 USD ($) shares	Oct. 29, 2022 USD ($)
Debt Instrument [Line Items]
Debt instrument, periodic payment maturity date				May 08, 2022
Limits on capital spending				$ 23
Priming Term Loan Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, periodic payment maturity date				May 08, 2024
Debt instrument, minimum LIBOR				1%
Debt instrument, interest rate description				the loans under the Priming Credit Agreement bear interest at the Company’s election at: (1) Base Rate (as defined in the Priming Credit Agreement) plus 4.00% or (2) LIBOR plus 5.00%, with a minimum LIBOR per annum of 1.00%, with the interest payable on a quarterly basis.
Debt instrument, periodic payment, principal	$ 25
Debt Instrument repayment, Description				On May 31, 2021, and within the terms of the Priming Loan, the Company chose to issue 272,097 additional shares of common stock to the Priming Lenders with a value of approximately $5.2 million (based on the value of those shares as of close on that date).
Common shares issued to lenders | shares			272,097
Issuance of shares value			$ 5.2
Debt instrument, financial covenant, description				The Priming Credit Agreement also has certain financial covenants, including (1) a minimum liquidity covenant that generally requires minimum liquidity on a weekly basis of $15.0 million, (2) a first lien net leverage ratio that requires compliance beginning in the fourth quarter of Fiscal Year 2021 with a net leverage ratio of 5:1, which reduces over time, and (3) limits on capital expenditures of $20.0 million annually. As of October 29, 2022 and January 29, 2022, the Company was in compliance with all covenants.
Minimum liquidity covenant amount	$ 15
Net leverage ratio	5
Limits on capital spending	$ 20
Priming Term Loan Credit Agreement [Member] | Principal Paydown [Member]
Debt Instrument [Line Items]
Debt instrument, periodic payment, principal		$ 25
Priming Term Loan Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, additional basis spread rate				4%
Debt instrument, basis spread rate				5%

Debt - Subordinated Term Loan (

Debt - Subordinated Term Loan (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2022	Sep. 30, 2020
Debt Instrument [Line Items]
Debt instrument, periodic payment maturity date	May 08, 2022
Limits on capital spending	$ 23,000
Subordinated Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, periodic payment maturity date	Nov. 08, 2024
Debt instrument, interest rate description	Loans under the Subordinated Facility bear interest at the Borrower’s election at (1) Base Rate (as defined in the Subordinated Facility) plus 11.00% or (2) LIBOR plus 12.00%, with a minimum LIBOR per annum of 1.00%.
Debt instrument, additional basis spread rate	11%
Debt instrument, financial covenant, description	The Subordinated Facility also has certain financial covenants, including (1) a minimum liquidity covenant that generally requires minimum liquidity on a weekly basis of $12.75 million, (2) a first lien net leverage ratio that requires compliance beginning in the fourth quarter of Fiscal Year 2021 with a net leverage ratio of 5.75:1, which reduces over time, and (3) limits on capital spending of $23.0 million annually. The difference between the carrying value of the subordinated facility debt and the principal amount is being accreted over the term of the debt using the effective interest method. As of October 29, 2022 and January 29, 2022, the Company was in compliance with all covenants.
Minimum liquidity covenant amount	$ 12,750
Net leverage ratio	5.75
Principal amount of term loan		$ 15,000
Subordinated Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread rate	12%
Debt instrument, minimum LIBOR	1%

Debt - Asset-Based Revolving Cr

Debt - Asset-Based Revolving Credit Agreement (Detail)	9 Months Ended
	Oct. 29, 2022 USD ($)	Jan. 29, 2022 USD ($)
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	$ 10,000,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Credit Facility drawn or outstanding	7,000,000	$ 4,500,000
ABL Facility [Member]
Debt Instrument [Line Items]
Total availability related to the facility	40,000,000
Credit Facility drawn or outstanding	0	0
Credit Facility available borrowing capacity	$ 33,000,000	$ 22,600,000
ABL Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Coverage ratio	1

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022
Carrying Value [Member]
Financial instruments not carried at fair value:
Total financial instruments not carried at fair value	$ 207,613	$ 209,808
Carrying Value [Member] | Debt [Member]
Financial instruments not carried at fair value:
Total financial instruments not carried at fair value	207,613	209,808
Level 2 [Member]
Financial instruments not carried at fair value:
Total financial instruments not carried at fair value	216,381	203,485
Level 2 [Member] | Debt [Member]
Financial instruments not carried at fair value:
Total financial instruments not carried at fair value	$ 216,381	$ 203,485

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Income Tax Disclosure [Abstract]
Income tax provision	$ 4,491	$ 2,592	$ 15,413	$ 8,430
U.S. Federal corporate income tax rate	21%	21%	21%	21%

Net Income (Loss) Per Share - C

Net Income (Loss) Per Share - Computation of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Shareholders (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Numerator
Net income (loss) attributable to common shareholders	$ 8,919	$ 11,238	$ 41,139	$ (31,718)
Denominator
Weighted average number of common shares outstanding	10,152,538	9,987,435	10,112,911	9,849,700
Assumed exercise of warrants	3,809,929	3,810,695	3,809,549	2,121,705
Weighted average common shares, basic	13,962,467	13,798,130	13,922,460	11,971,405
Dilutive effect of stock options and restricted shares	335,458	376,088	318,026
Weighted average common shares, diluted	14,297,925	14,174,218	14,240,486	11,971,405
Net income (loss) per common share, basic	$ 0.64	$ 0.81	$ 2.95	$ (2.65)
Net income (loss) per common share, diluted	$ 0.62	$ 0.79	$ 2.89	$ (2.65)

Net Income (Loss) Per Share - A

Net Income (Loss) Per Share - Additional Information (Detail) - USD ($)		3 Months Ended		9 Months Ended
	May 31, 2021	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Antidilutive equity awards excluded from the computation of diluted earnings per share		110,982	210,204	136,546	702,278
Fair value adjustment of derivative					$ 2,775,000
Priming Term Loan Credit Agreement [Member]
Common shares issued to lenders	272,097
Conversion of warrants into common share	3,820,748
Warrants exercise price	$ 186,000
Warrant liabilities	$ 73,000,000
Fair value adjustment of derivative			$ 39,000,000		$ 59,800,000

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Share-Based Payment Arrangement [Abstract]
Equity based compensation expense	$ 0.9	$ 0.8	$ 2.6	$ 1.9

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Related Party Transaction [Line Items]
Interest expense, net - related party	$ 1,092	$ 607	$ 2,823	$ 1,597
Fair value adjustment of warrants - related party				56,984
TowerBrook Capital Partners L.P [Member]
Related Party Transaction [Line Items]
Interest expense, net - related party	$ 1,100	$ 600	$ 2,800	1,600
Fair value adjustment of warrants - related party				$ 57,000

Operating Leases - Additional I

Operating Leases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 29, 2022	Oct. 29, 2022
Leases [Line Items]
Impairment of long-lived assets	$ 1,300	$ 1,408
Right-of-Use Asset [Member]
Leases [Line Items]
Impairment of long-lived assets		$ 600

Subsequent Event - Additional I

Subsequent Event - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended
	Nov. 30, 2022	Oct. 29, 2022	Jan. 28, 2023
Subsequent Event [Line Items]
Federal income tax benefit received by error		$ 8.3
Subsequent Event [Member]
Subsequent Event [Line Items]
Federal income tax benefit received by error, refunded	$ 8.3
Federal Income Tax Benefit	$ (9.2)
Increase in Operating Cash Flow			$ 0.9