Segment Reporting

3 Months Ended

Apr. 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 toallocate resources and assess performance. 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. They are included in Other.

The U.S. Stores' reportable segment includes the results of store operations in the United States and Puerto Rico and accounted for approximately 59% of total sales for the thirteen-week period ended April 28, 2012, compared to approximately 68% of total sales for the thirteen-week period ended April 30, 2011. The International Stores reportable segment includes the results of store operations in Canada, Europe and Asia and accounted for approximately 24% of total sales for the thirteen-week period ended April 28, 2012, compared to approximately 19% of total sales for the thirteen-week period ended April 30, 2011.The Direct-to-Consumer reportable segment includes the results of operations directly associated with the website operations, both domestic and international, and accounted for approximately 16% of total sales for the thirteen-week period ended April 28, 2012, compared to approximately 13% of total sales for the thirteen-week period ended April 30, 2011.

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 expenses include all expenses contained "within the four walls of the stores.” These include expenses such as cost of merchandise, selling payroll and related costs, rent, utilities, depreciation and other variable expenses such as repairs and maintenance, supplies and packaging.They also include 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. For the Direct-to-Consumer reportable segment, operating income is defined as aggregate income attributable to the direct-to-consumer business, less fulfillment expense, charge card fees and direct-to-consumer operations management and support expenses. The U.S. Stores, International Stores and Direct-to-Consumer segments 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 costs excluded from the three reportable segments 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 packaging and supplies, lease deposits,merchandise inventory, leasehold acquisition costs, restricted cash and the net book value of store long-lived assets. Total assets for International Stores also include 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 long-lived assets. Total assets for Otherinclude cash and cash equivalents,investments, distribution center inventory, the net book value of home office and distribution center long-lived assets, foreign currency hedge assets and tax-related assets.

The following table provides the Company's segment information as of, and for,the thirteen-week periods ended April 28, 2012 and April 30, 2011:

		U.S. Stores	International Stores		Direct-to-Consumer Operations		Segment Total		Other(1)		Total
Thirteen Weeks Ended		(In thousands):
April 28, 2012
Net Sales	$	543,881	$	225,027	$	148,229	$	917,137	$	4,081	$	921,218
Operating Income		84,947		51,969		64,981		201,897		(195,575)		6,322
Total Assets		796,652		740,027		98,046		1,634,725		1,099,216		2,733,941
Thirteen Weeks Ended
April 30, 2011
Net Sales	$	566,711	$	158,695	$	105,772	$	831,178	$	5,496	$	836,674
Operating Income		48,050		95,204		54,073		197,327		(158,582)		38,745
(1)Includes corporate functions such as Design, Merchandising, Sourcing, Planning and Allocation, Store Management and Support, Marketing, Distribution Center Operations, Information Technology, Real Estate, Finance, Legal, Human Resources and other corporate overhead. Net Sales consist of third party sell-off of inventory. Operating Income 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.

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.

		Thirteen Weeks Ended
(in thousands):	April 28, 2012		April 30, 2011
United States	$	644,260	$	640,950
Europe		219,586		152,431
Other		57,372		43,293
Total	$	921,218	$	836,674
Long-Lived Assets:
(in thousands):	April 28, 2012		January 28, 2012
United States	$	793,488	$	794,723
Europe		428,605		366,647
Other		166,362		156,361
Total	$	1,388,455	$	1,317,731

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