Segment Reporting

6 Months Ended

Jul. 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, and thefore are included in Other.

The U.S. Stores reportable segment includes the results of store operations in the United States and Puerto Rico. The International Stores reportable segment includes the results of store operations in Canada, Europe and Asia. The Direct-to-Consumer reportable segment includes the results of operations directly associated with the on-line 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 expenseincludes 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, repairs and maintenance, supplies and packaging and otherstore sales-related expenses including credit card and bank fees and taxes.Operating income also reflects pre-opening charges related to stores not yet in operation and period-end markdown reserves. For the Direct-to-Consumer reportable segment, operating income is defined as aggregate income attributable to the direct-to-consumer business, less fulfillment and shipping 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 and twenty-six week periods ended July 28, 2012 and July 30, 2011:

		U.S. Stores	International Stores		Direct-to-Consumer Operations		Segment Total		Other(1)		Total
Thirteen Weeks Ended		(In thousands):
July 28, 2012
Net Sales	$	560,508	$	254,764	$	127,677	$	942,949	$	8,458	$	951,407
Operating Income (Loss)		82,661		65,557		55,567		203,785		(176,823)		26,962
Thirteen Weeks Ended
July 30, 2011
Net Sales	$	613,085	$	197,962	$	102,088	$	913,135	$	3,628	$	916,763
Operating Income (Loss)		110,254		66,993		46,454		223,701		(176,527)		47,174
		U.S. Stores	International Stores		Direct-to-Consumer Operations		Segment Total		Other(1)		Total
Twenty-Six Weeks Ended		(In thousands):
July 28, 2012
Net Sales	$	1,104,389	$	479,791	$	275,906	$	1,860,086	$	12,539	$	1,872,625
Operating Income (Loss)		167,609		117,527		120,548		405,684		(372,398)		33,286
Twenty-Six Weeks Ended
July 30, 2011
Net Sales	$	1,179,796	$	356,657	$	207,860	$	1,744,313	$	9,124	$	1,753,437
Operating Income (Loss)		205,458		115,044		100,527		421,029		(335,110)		85,919
(1)Includes corporate functions such as Design, Merchandising, Sourcing, Planning, 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.

The Total Assets as ofJuly 28, 2012, were $605.2million for U.S. Stores, $779.4million for International Stores, $67.4million for Direct-to-Consumer Operations and $1.417billion for Other.

The Total Assets reported in the Form 10-Q for the quarter ended April 28, 2012, as amended on June 7, 2012, included an allocation error between U.S. Stores, International Stores, Direct-to-Consumer and Other. The Company believes these classification errors were immaterial to the previously issued financial statements. The Total Assets reported as of April 28, 2012 was $796.7 million for U.S. Stores, $740.0 million for International Stores, $98.0 million for Direct-to-Consumer Operations and $1.099 billion for Other. The Total Assets reported as of April 28, 2012 should have been $609.2 million for U.S. Stores, $739.0 million for International Stores, $56.2 million for Direct-to-Consumer Operations and $1.330 billion for Other.

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				Twenty-Six Weeks Ended
(in thousands):	July 28, 2012		July 30, 2011			July 28, 2012	July 30, 2011
United States	$	648,017	$	684,892	$	1,292,277	$	1,325,841
Europe		250,339		182,432		469,925		334,864
Other		53,051		49,439		110,423		92,732
Total	$	951,407	$	916,763	$	1,872,625	$	1,753,437
Long-Lived Assets:
(in thousands):	July 28, 2012		January 28, 2012
United States	$	785,780	$	794,723
Europe		437,668		366,647
Other		179,165		156,361
Total	$	1,402,613	$	1,317,731

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