Subsequent Events

6 Months Ended

Jul. 30, 2011

Subsequent Events

Subsequent Events

 

Note 7.  Subsequent Events

                  In August 2011, the Company entered into an agreement to purchase Boston Proper, Inc., a privately held direct-to-consumer retailer, for total cash consideration of $205 million to be funded entirely from available cash balances.  The transaction is expected to close in the third quarter of fiscal 2011 but is subject to customary closing conditions, including regulatory review.

Since July 30, 2011, in accordance with the share repurchase program, the Company repurchased and retired approximately 3.2 million shares of stock for $40.0 million.