Quarterly Financial Data (Unaudited)

12 Months Ended

Feb. 01, 2014

Quarterly Financial Data [Abstract]

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (Unaudited)

The following table provides summarized quarterly financial data for 2013:

	Fiscal Quarter Ended
	May 4, 2013		August 3, 2013		November 2, 2013		February 1, 2014
	(in millions except per share data)
Net Sales	$	2,268	$	2,516	$	2,171	$	3,818
Gross Profit	941		989		857		1,642
Operating Income	311		358		211		863
Income Before Income Taxes	235		282		142		787
Net Income	143		178		92		490
Net Income Per Basic Share (a)	$	0.49	$	0.62	$	0.32	$	1.69
Net Income Per Diluted Share (a)	$	0.48	$	0.61	$	0.31	$	1.65

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(a) Due to changes in stock prices during the year and timing of issuances and repurchases of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year.

The following table provides summarized quarterly financial data for 2012:

	Fiscal Quarter Ended
	April 28, 2012		July 28, 2012 (b)		October 27, 2012 (c)		February 2, 2013 (d)(e)
	(in millions except per share data)
Net Sales	$	2,154	$	2,399	$	2,050	$	3,856
Gross Profit	902		942		825		1,717
Operating Income	293		305		187		788
Income Before Income Taxes	213		229		128		711
Net Income	125		143		74		411
Net Income Per Basic Share (a)	$	0.43	$	0.50	$	0.26	$	1.43
Net Income Per Diluted Share (a)	$	0.41	$	0.49	$	0.25	$	1.39

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(a) Due to changes in stock prices during the year and timing of issuances and repurchases of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year.

(b) Includes $4 million of expense associated with the store closure initiative at La Senza.

(c) Includes the effect of the following items:

i. A pre-tax gain of $13 million related to $13 million in cash distributions from certain of our investments in Easton; and

ii. A pre-tax expense of $10 million associated with the store closure initiative at La Senza.

(d) Includes the effect of the following items:

(i) A pre-tax charge of $93 million related to the impairment of La Senza goodwill and other intangible assets; and

(ii) A pre-tax charge of $27 million related to the impairment of Henri Bendel long-lived store assets.

(e) The Company utilizes the retail calendar for reporting. As such, the results for fiscal years 2013 and 2012 represent the 52-week period ended February 1, 2014 and 53-week period ended February 2, 2013, respectively. The 2013 fourth quarter consists of a thirteen week period versus a fourteen week period in 2012.