Related Party Transactions

9 Months Ended

Nov. 02, 2013

Note 15

Related Party Transactions

C. banner International Holdings Limited

The Company has a joint venture agreement with a subsidiary of C. banner International Holdings Limited (“CBI”, formerly known as Hongguo International Holdings Limited) to market Naturalizer footwear in China. The Company is a 51% owner of the joint venture (“B&H Footwear”), with CBI owning the other 49%. B&H Footwear sells Naturalizer footwear to a retail affiliate of CBI on a wholesale basis, which in turn sells the Naturalizer products through department store shops and free-standing stores in China. During the thirteen and thirty-nine weeks ended November 2, 2013, the Company, through its consolidated subsidiary, B&H Footwear, sold $1.9 million and $4.1 million, respectively, of Naturalizer footwear on a wholesale basis to CBI, with $2.4 million and $5.0 million in corresponding sales during the thirteen and thirty-nine weeks ended October 27, 2012, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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