CREDIT CARD PROGRAM AMENDMENT	9 Months Ended
Oct. 31, 2015
Credit Card Program Amendment
Credit Card Program Amendment	14. CREDIT CARD PROGRAM AMENDMENT On October 28, 2015, the Company entered into Amendment No. 1 (the “Amendment”) to the Private Label Credit Card Program Agreement (the “Program Agreement”) with Comenity Bank, a subsidiary of Alliance Data Systems Corporation (“ADS”). The Program Agreement had an original term of seven years from the program commencement date of July 24, 2012. The Amendment provides that the original term was extended three years to July 24, 2022, with successive two-year renewal terms thereafter, unless otherwise terminated in accordance with the Program Agreement. The Amendment provides that, in consideration for the extension of the term, ADS will pay the Company an extension bonus of $6,000, payable $1,000 within five business days of July 24, 2017 and $5,000 within five business days of July 24, 2019, as well as an increased royalty rate based on a percentage of credit card sales during the term of the Program Agreement. The remaining deferred bonus from the original agreement and the deferred bonus received in connection with the Amendment will be amortized over the new extended term of the Program Agreement. The Amendment also provides that ADS will pay the costs, subject to prescribed maximums, for the reissuance of credit cards in 2016 and either 2018 or 2019. In addition, the Amendment provides for an additional annual contribution by ADS, beginning July 24, 2015, for Company costs associated with the marketing and promotion of the private label credit card program.

14. CREDIT CARD PROGRAM AMENDMENT

On October 28, 2015, the Company entered into Amendment No. 1 (the “Amendment”) to the Private Label Credit Card Program Agreement (the “Program Agreement”) with Comenity Bank, a subsidiary of Alliance Data Systems Corporation (“ADS”). The Program Agreement had an original term of seven years from the program commencement date of July 24, 2012. The Amendment provides that the original term was extended three years to July 24, 2022, with successive two-year renewal terms thereafter, unless otherwise terminated in accordance with the Program Agreement.

The Amendment provides that, in consideration for the extension of the term, ADS will pay the Company an extension bonus of $6,000, payable $1,000 within five business days of July 24, 2017 and $5,000 within five business days of July 24, 2019, as well as an increased royalty rate based on a percentage of credit card sales during the term of the Program Agreement. The remaining deferred bonus from the original agreement and the deferred bonus received in connection with the Amendment will be amortized over the new extended term of the Program Agreement.

The Amendment also provides that ADS will pay the costs, subject to prescribed maximums, for the reissuance of credit cards in 2016 and either 2018 or 2019. In addition, the Amendment provides for an additional annual contribution by ADS, beginning July 24, 2015, for Company costs associated with the marketing and promotion of the private label credit card program.