Discontinued Operations

9 Months Ended

Nov. 01, 2014

Discontinued Operations [Abstract]

Discontinued Operations, Disclosure [Text Block]

2.Discontinued Operations

In the first quarter of 2014, we decided to divest Steele's, an off-price concept that we launched in November 2011, in order to focus solely on our core specialty department store business. On March 7, 2014, we completed the sale of Steele's. Accordingly, the results of operations of Steele's are reflected in discontinued operations for all periods presented.

Revenues and pre-tax loss of Steele's, which includes the loss on the sale of Steele's of $9.7 million, for each period presented were as follows (in thousands): 

	Three Months Ended				Nine Months Ended
	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Net sales	$	—	$	5,327	$	2,414	$	17,201
Pre-tax loss from discontinued operations	226		2,307		11,231		5,314

There were no assets or liabilities related to Steele’s included in the condensed consolidated financial statements as of November 1, 2014. The carrying values of the major assets and liabilities related to Steele’s included in the consolidated financial statements as of February 1, 2014 were as follows (in thousands):

	February 1, 2014
Merchandise inventories, net	$	10,498
Property, equipment and leasehold improvements, net	732
Other assets	442
Liabilities	809