Segment Information

9 Months Ended

Oct. 31, 2015

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 January 31, 2015. 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 October 31, 2015			Thirteen Weeks Ended November 1, 2014			Thirty-nine Weeks Ended October 31, 2015		Thirty-nine Weeks Ended November 1, 2014
	(in thousands)
Net sales:
Retail	$	58,763		$	75,477		$	196,085	$	220,280
Wholesale	83,212			78,852			183,406		180,169
	$	141,975		$	154,329		$	379,491	$	400,449
Gross profit:
Retail	$	30,301		$	37,197		$	98,296	$	106,098
Wholesale	35,984			35,930			81,523		80,678
	$	66,285		$	73,127		$	179,819	$	186,776
	October 31, 2015			January 31, 2015
Total assets:
Wholesale	$	690,422		$	608,119
Retail	389,881			353,356
	1,080,303			961,475
Eliminations (a)	(661,652		)	(575,243		)
Consolidated assets	$	418,651		$	386,232

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