Related Party Transactions

12 Months Ended

Feb. 02, 2013

Related Party Transactions [Abstract]

Related Party Transactions

Note 9 — Related Party Transactions

In July 2009, the Company entered into a Vendor Agreement with a related party vendor to purchase merchandise inventory. The vendor is considered a related party because its principal owner is the spouse of the Company’s Vice President of Merchandising. During fiscal 2012, the Company’s purchases from this vendor totaled approximately $28.1 million, or 12.7% of total merchandise purchases. During fiscal 2011, the Company’s purchases from this vendor totaled approximately $25.1 million, or 12.0% of total merchandise purchases. During fiscal 2010, the Company’s purchases from this vendor totaled approximately $20.9 million, or 11% of total merchandise purchases. Included in cost of sales for fiscal years 2012, 2011, and 2010 were $26.7 million, $22.5 million, and $18.5 million, respectively related to this vendor. Payable amounts outstanding to this vendor were approximately $2.2 million as of February 2, 2013 and $1.9 million as of January 28, 2012. The Company’s payable terms with this vendor are consistent with the terms offered by other vendors in the ordinary course of business.