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CONCENTRATION
12 Months Ended
Jan. 31, 2020
Risks and Uncertainties [Abstract]  
CONCENTRATION

NOTE K — CONCENTRATION

Major Customers

Two customers in the wholesale operations segment accounted for approximately 26.3% and 13.2%, respectively, of the Company’s net sales for the year ended January 31, 2020. Two customers accounted for 24.8% and 12.4% of the Company’s net sales for the year ended January 31, 2019. One customer accounted for 22.2% of the Company’s net sales for the year ended January 31, 2018. Three customers in the wholesale operations segment accounted for approximately 25.7%, 17.0% and 10.0%, respectively, of the Company’s net accounts receivable as of January 31, 2020. Two customers accounted for approximately 27.5% and 16.5%, respectively, of the Company’s net accounts receivable as of January 31, 2019.

Inventory Sourcing

The Company sourced from China approximately 49.5%, 61.5% and 65.1% of the inventory purchased for the years ended January 31, 2020, 2019 and 2018, respectively. During the years ended January 31, 2020, 2019 and 2018, respectively, the Company sourced 11.4%, 14.4% and 14.7% of its purchases from one vendor 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.