Segment Reporting

12 Months Ended

Jan. 28, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

2.SEGMENT REPORTING

The Company determines its segments on the same basis that it uses to evaluate performance. In connection with its international expansion, the way the Company allocates resources and assesses performance has changed. All of the Company's segments sell a similar group of products—casual sportswear apparel, personal care products and accessories for men, women and kids and bras, underwear and sleepwear for girls. The Company has three reportable segments; U.S. Stores, International Stores, and Direct-to-Consumer. Corporate functions, interest income and expense, and other income and expense are evaluated on a consolidated basis and are not allocated to the Company's segments and are included in Other.

The U.S. Stores reportable segment includes the results of stores in the United States and Puerto Rico. The International Stores reportable segment includes the results of stores in Canada, Europe and Asia. For the Direct-to-Consumer reportable segment, operating income is defined as income directly associated with the website operations, both domestic and international.

Operating income is the primary measure of profit the Company uses to make decisions on allocating resources to its operating segments. For the U.S. Stores and International Stores reportable segments, operating income is defined as aggregate income directly attributable toindividual storeson a four-wall basis. Four-wall costs include all costs contained "within the four walls of the stores". These include expenses such as cost of merchandise, selling payroll and related costs, rent, utilities, depreciation, other variable expenses such as repairs and maintenance, supplies and packaging, as well as store sales related expenses including credit card and bank fees and taxes.Four-wall costs also reflect pre-opening charges related to stores not yet in operation. Four-wall costs exclude marketing, general and administrative expense, store management and support functions such as regional and district management and other functions not dedicated to an individual store, distribution center costs and markdowns on merchandise held in distribution centers, all of which are included in Other.

Reportable segment assets include those used directly in or resulting from the operations of each reportable segment. Total assets for the U.S. Stores and International Stores reportable segments primarily consist of store cash, credit card receivables, prepaid rent, store supplies, lease deposits,merchandise inventory and the net book value of store long-lived assets. International Stores also includes VAT receivables. Total assets for the Direct-to-Consumer reportable segment primarily consist of credit card receivables, merchandise inventory, and the net book value of information technology and distribution center assets. Total assets for Otherinclude cash and cash equivalents, investments, the net book value of corporate property and equipment, the net book value of intangible assets, investments held in the Rabbi Trust for deferred Compensation plans, foreign currency hedge assets and tax-related assets.

The following table provides the Company's segment information as of, and for, the fiscal years ended January 28, 2012, January 29, 2011 and January 30, 2010:

		U.S. Stores		International Stores		Direct-to-Consumer Operations		Segment Total		Other(1)		Total
		(In thousands):
January 28, 2012
Net Sales	$	2,710,842	$	876,613	$	552,603	$	4,140,058	$	18,000	$	4,158,058
Depreciation and
Amortization		125,827		35,844		2,876		164,547		68,409		232,956
Operating Income(2)		390,186		261,461		254,328		905,975		(715,945)		190,030
Total Assets		681,100		659,630		71,318		1,412,048		1,636,105		3,048,153
Capital Expenditures(3)		1,105		229,959		8,367		239,431		79,167		318,598
January 29, 2011
Net Sales		2,546,798		505,136		404,974		3,456,908		11,869		3,468,777
Depreciation and
Amortization		149,533		17,680		3,154		170,367		58,786		229,153
Operating Income(4)		460,233		173,391		214,909		848,533		(616,601)		231,932
Total Assets		835,597		368,299		41,160		1,245,056		1,696,359		2,941,415
Capital Expenditures(3)		24,706		85,435		816		110,957		49,978		160,935
January 30, 2010
Net Sales		2,377,771		256,216		290,102		2,924,089		4,537		2,928,626
Depreciation and
Amortization		175,286		8,388		3,750		187,424		51,328		238,752
Operating Income(5)		433,050		73,813		165,071		671,934		(554,022)		117,912
Total Assets		948,376		231,964		30,574		1,210,914		1,610,952		2,821,866
Capital Expenditures(3)		52,964		77,420		428		130,812		44,660		175,472
(1)Includes corporate functions such as Design, Merchandising, Sourcing, Planning and Allocation, Store Management and Support, Marketing, Distribution Center Operations, Information Technology, Real Estate and other governance functions such as Finance, Legal and Human Resources and other corporate overhead. Sales are related to third party sell-off of inventory. Operating Income for Other includes: marketing, general and administrative expense, store management and support functions such as regional and district management and other functions not dedicated to an individual store; distribution center costs; and markdowns on merchandise held in distribution centers.
(2)Includes charges for asset impairments and write-downs of store-related long-lived assets of $52.1 million and $15.9 million for U.S. Stores and International Stores, respectively.
(3)Reportable segment capital expenditures are direct purchases of property and equipment for that segment.
(4)Includes charges for asset impairments and write-downs of store-related long-lived assets of $50.6 million and $0.0 million for U.S. Stores and International Stores, respectively.
(5)Includes charges for asset impairments of $33.2 million and $0.0 million for U.S. Stores and International Stores, respectively.

Geographic Information

Financial information relating to the Company's operations by geographic area is as follows:

Net Sales:

Net sales includes net merchandise sales through stores and direct-to-consumer operations, including shipping and handling revenue. Net sales are reported by geographic area based on the location of the customer.

		Fifty-Two Weeks Ended
(in thousands):	January 28, 2012		January 29, 2011		January 30, 2010
United States	$	3,108,380	$	2,821,993	$	2,567,141
Europe		822,473		443,836		229,446
Other International		227,205		202,948		132,039
Total	$	4,158,058	$	3,468,777	$	2,928,626
Long-Lived Assets:
(in thousands):	January 28, 2012		January 29, 2011
United States	$	794,723	$	959,777
Europe		366,647		169,313
Other International		156,361		127,741
Total	$	1,317,731	$	1,256,831

Long-lived assets included in the table above include primarily property and equipment (net), store supplies and lease deposits.