Segment Information

9 Months Ended

Nov. 01, 2014

SEGMENT INFORMATION [Abstract]

Segment Information

SEGMENT INFORMATION

The Company operates in two industry segments, wholesale distribution and specialty retail sales of designer fragrance and related products. Management reviews segment information by segment and on a consolidated basis each month. Retail sales include sales through Perfumania retail stores, the SOW consignment business and the Company’s internet site, Perfumania.com. Wholesale sales include sales through QFG, Parlux and Five Star to unrelated customers. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in the Annual Report on Form 10-K for the fiscal year ended February 1, 2014. The Company’s chief operating decision maker, who is its Chief Executive Officer, assesses segment performance by reference to gross profit. Each of the segments has its own assets, liabilities, revenues and cost of goods sold. While each segment has certain unallocated operating expenses, these expenses are not reviewed by the chief operating decision maker on a segment basis, but rather on a consolidated basis. Financial information for these segments is summarized in the following table:

	Thirteen Weeks Ended November 1, 2014			Thirteen Weeks Ended November 2, 2013			Thirty-nine Weeks Ended November 1, 2014		Thirty-nine Weeks Ended November 2, 2013
	(in thousands)
Net sales:
Retail	$	75,477		$	76,095		$	220,280	$	228,115
Wholesale	78,852			79,584			180,169		162,713
	$	154,329		$	155,679		$	400,449	$	390,828
Gross profit:
Retail	$	37,197		$	35,498		$	106,098	$	105,435
Wholesale	35,930			34,869			80,678		64,567
	$	73,127		$	70,367		$	186,776	$	170,002
	November 1, 2014			February 1, 2014
Total assets:
Wholesale	$	670,934		$	585,884
Retail	371,746			348,728
	1,042,680			934,612
Eliminations (a)	(571,061		)	(511,208		)
Consolidated assets	$	471,619		$	423,404

(a) Adjustment to eliminate intercompany receivables and investment in subsidiaries