9 unchanged sentences
or (ii) the SOFR per annum, plus a margin of 2.000%, 2.250% or 2.500%.
−Removed: As of May 2, 2026, we had $150.0 million in borrowings under our ABL Credit Facility.
+Added: As of August 1, 2026, we had $160.1 million in borrowings under our ABL Credit Facility.
The SLR Term Loan bears interest, payable monthly, (a) until June 16, 2026, at the SOFR per annum plus 5.250% for any portion that is a SOFR loan, or at the base rate per annum plus 4.250% for any portion that is a base rate loan;
or (b) from and after June 17, 2026, at the SOFR per annum plus 5.250% or 6.250% for any portion that is a SOFR loan, or at the base rate per annum plus 4.250% or 5.250% for any portion that is a base rate loan, based on our consolidated fixed charge coverage ratio for the trailing twelve-month period as of the most recent fiscal quarter just ended.
−Removed: The New Mithaq Term Loan requires monthly payments equivalent to interest charged at the SOFR per annum plus 4.000%, with the first year’s monthly payments to Mithaq deferred until April 30, 2025.
+Added: The Second Mithaq Term Loan requires monthly payments equivalent to interest charged at the SOFR per annum plus 4.000%, with the first year’s monthly payments to Mithaq deferred until April 30, 2025.
On April 28, 2025, the Company and Mithaq entered into Amendment No.
−Removed: 1 to the New Mithaq Term Loan promissory note, which subjected these deferred monthly payments due as of April 30, 2025 to a payment plan, payable in installments prior to the end of Fiscal 2025.
−Removed: Pursuant to our refinancing transactions in December 2025, the New Mithaq Term Loan was further amended to allow us to defer our monthly payments upon written notice to Mithaq.
−Removed: As of May 2, 2026, we had no borrowings under our Mithaq Credit Facility.
−Removed: If any debt is incurred under the Mithaq Credit Facility, it shall require monthly payments equivalent to interest charged at the SOFR per annum plus 9.000%.
+Added: 1 to the Second Mithaq Term Loan promissory note, which subjected these deferred monthly payments due as of April 30, 2025 to a payment plan, payable in installments prior to the end of Fiscal 2025.
+Added: Pursuant to our refinancing transactions in December 2025, the Second Mithaq Term Loan was further amended to allow us to defer our monthly payments upon written notice to Mithaq.
+Added: As of August 1, 2026, we had $15.0 million in outstanding borrowings under our Mithaq Credit Facility.
+Added: The Third Mithaq Term Loan requires monthly payments equivalent to interest charged at the SOFR per annum plus 9.000%, with such payments subject to deferral upon written notice to Mithaq.
A 10% change in the base rate or SOFR would not have had a material impact on our interest expense for any of our indebtedness described above.
1 unchanged sentence
Assets and liabilities outside the United States are primarily located in Canada and Hong Kong, where our investments in our subsidiaries are considered long-term.
−Removed: As of May 2, 2026, net liabilities in Canada and Hong Kong amounted to $21.2 million.
+Added: As of August 1, 2026, net liabilities in Canada and Hong Kong amounted to $24.6 million.
A 10% increase or decrease in the Canadian and Hong Kong foreign currency exchange rates would increase or decrease the corresponding net investment by $2.5 million.
All changes in the net investments in our foreign subsidiaries are recorded in other comprehensive loss.
−Removed: As of May 2, 2026, we had $3.0 million of our cash and cash equivalents held in foreign subsidiaries, of which $1.1 million was in India, $0.8 million was in China, $0.8 million was in Canada, $0.2 million was in Hong Kong, and $0.1 million was held in other foreign countries.
+Added: As of August 1, 2026, we had $3.2 million of our cash and cash equivalents held in foreign subsidiaries, of which $1.2 million was in India, $0.9 million was in China, $0.8 million was in Canada, $0.2 million was in Hong Kong, and $0.1 million was held in other foreign countries.
We have subsidiaries whose operating results are based in foreign currencies and are thus subject to the fluctuations of the corresponding translation rates into U.S.
The table below summarizes the average translation rates that most significantly impact our operating results:
−Removed: Thirteen Weeks Ended
+Added: Thirteen Weeks Ended Twenty-six Weeks Ended
+Added: 2026 August 2,
+Added: 2025 August 1,
+Added: 2026 August 2,
Average Translation Rates (1)
8 unchanged sentences
As a result, fluctuations in exchange rates impact the amount of our reported sales and expenses.
−Removed: Assuming a 10% change in foreign currency exchange rates, the First Quarter 2026 net sales would have decreased or increased by approximately $1.9 million, and total costs and expenses would have decreased or increased by approximately $2.8 million.
+Added: Assuming a 10% change in foreign currency exchange rates, the Second Quarter 2026 net sales would have decreased or increased by approximately $3.8 million, and total costs and expenses would have decreased or increased by approximately $6.0 million.
Additionally, we have foreign currency denominated receivables and payables that, when settled, result in transaction gains or losses.
A 10% change in foreign currency exchange rates would not result in a significant transaction gain or loss in earnings.
−Removed: We import a vast majority of our merchandise from foreign countries, primarily Bangladesh, Ethiopia, Vietnam, China, Indonesia, Kenya, and Cambodia.
+Added: We import a vast majority of our merchandise from foreign countries, primarily Bangladesh, Vietnam, Ethiopia, Cambodia, China, Indonesia, and Kenya.
Consequently, any significant or sudden change in the political, foreign trade, financial, banking, currency policies and practices, or the occurrence of significant labor unrest in these countries or changes in foreign policies of the United States, could have a material adverse impact on our business, financial position, results of operations, and cash flows.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.