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Inventories
9 Months Ended
May 02, 2020
Inventory Disclosure [Abstract]  
Inventories Inventories
 
Inventories substantially consist of finished goods merchandise. Inventory by segment is set forth below:
May 2,
2020
August 3,
2019
May 4,
2019
 (millions)
Premium Fashion$280.5  $226.3  $286.6  
Plus Fashion103.5  156.5  181.5  
Kids Fashion65.7  107.9  91.2  
    Total inventories$449.7  $490.7  $559.3  

The significant reduction in inventories from May 4, 2019 to May 2, 2020 primarily reflects an increase of $135.0 million in inventory markdown reserves as of May 2, 2020 mainly at the Plus Fashion and Kids Fashion segments, which follow the retail-method of accounting for inventory. The reserve increase was a result of the retail store closures due to COVID-19. Refer to Note 3 to the audited financial statements included in the Fiscal 2019 10-K for more information on the Company’s accounting for inventory.