CONCENTRATION

12 Months Ended

Jan. 31, 2018

Risks and Uncertainties [Abstract]

CONCENTRATION

NOTE I — CONCENTRATION

Major Customers

One customer in the wholesale operations segment accounted for approximately 22.2%, 21.8% and 20.8% of the Company’s net sales for the years ended January 31, 2018, 2017 and 2016, respectively.

Inventory Sourcing

The Company sourced from China approximately 65.1%, 72.0% and 77.7% of the inventory purchased for the years ended January 31, 2018, 2017 and 2016, respectively. During the year ended January 31, 2018, the Company sourced 14.7% of its purchases from one vendor in China. During the years ended January 31, 2017 and 2016, the Company sourced 23.9% (13.6% and 10.3%) and 25.2% (13.0% and 12.2%), respectively, of its purchases from two vendors in China. The Company believes it has alternative manufacturing sources available to meet its current and future production requirements in the event the Company is required to change current manufacturers or current manufacturers are unavailable to fulfill the Company’s production needs.