Revenue Recognition

12 Months Ended

Jan. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue Recognition

REVENUE RECOGNITION:

Disaggregated Revenue

The following table disaggregates our operating segment revenue by brand, which we believe provides a meaningful depiction of the nature of our revenue. Amounts shown include licensing and wholesale income, which is not a significant component of total revenue, and is aggregated within the respective brands in the table below.

	Fiscal 2020		%		Fiscal 2019		%		Fiscal 2018		%
	(in thousands)
Chico’s	$	595,968	45.0	%	$	1,045,221	51.3	%	$	1,098,707	51.6	%
WHBM	376,236		28.4		627,315		30.8		694,804		32.6
Soma	351,847		26.6		365,339		17.9		337,629		15.8
Total net sales	$	1,324,051	100.0	%	$	2,037,875	100.0	%	$	2,131,140	100.0	%

Contract Liability

Contract liabilities on the accompanying consolidated balance sheets are comprised of obligations associated with our gift card and customer loyalty programs. As of January 30, 2021 and February 1, 2020, contract liabilities primarily consisted of gift cards of $40.4 million and $40.1 million, respectively. For fiscal 2020, the Company recognized $20.6 million of revenue that was previously included in the gift card contract liability as of February 1, 2020. For fiscal 2019, the Company recognized $25.3 million of revenue that was previously included in the gift card contract liability as of February 2, 2019. The contract liability for our loyalty program was not material as of January 30, 2021 or February 1, 2020.

Performance Obligation

For fiscal 2020, revenue recognized from performance obligations to customers related to prior periods was not material. Revenue to be recognized in future periods related to performance obligations is not expected to be material.