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SOUTH HILL CONSOLIDATION
12 Months Ended
Feb. 02, 2013
SOUTH HILL CONSOLIDATION [Abstract]  
SOUTH HILL CONSOLIDATION [Text Block]
NOTE 2- SOUTH HILL CONSOLIDATION
On February 11, 2013, the Company announced its plans to consolidate its South Hill operations into its corporate headquarters (the "South Hill Consolidation"). This action was the culmination of an initiative that the Company began in 2012. The reasons for the South Hill Consolidation are as follows: (i) to have department store functions and processes entirely together in one location, (ii) to strengthen collaboration, teamwork and communications, while streamlining operations, enhancing overall operational efficiency and reducing costs, and (iii) to create consistency in merchandising, marketing and eCommerce. The South Hill Consolidation and subsequent office closure is expected to be completed by the middle of 2013.
Total expenses in 2012 associated with the South Hill Consolidation were $2.7 million, all of which were paid in 2012. The costs were primarily for transitional payroll and benefits, recruiting and relocation costs, and property and equipment impairment, of which $1.6 million was recorded in cost of sales and related buying, occupancy and distribution expense and $1.1 million in selling, general and administrative expenses in the Consolidated Statement of Operations and Comprehensive Income. The Company expects to incur additional expenses of approximately $6.0 million in 2013 related to the South Hill Consolidation primarily for severance and benefits, recruiting and relocation costs and visual presentation supplies.