Related Party Transactions

6 Months Ended

Aug. 03, 2013

Note 15

Related Party Transactions

C. banner International Holdings Limited

The Company has a joint venture agreement with a subsidiary of C. banner International Holdings Limited (“CBI”) (formerly known as Hongguo International Holdings Limited) to market Naturalizer footwear in China. The Company is a 51% owner of the joint venture (“B&H Footwear”), with CBI owning the other 49%. B&H Footwear began operations in 2007 and distributes the Naturalizer brand in department store shops and free-standing stores in several of China’s largest cities. In addition, B&H Footwear sells Naturalizer footwear to CBI on a wholesale basis. CBI then sells Naturalizer products through retail stores in China. During the thirteen and twenty-six weeks ended August 3, 2013, the Company, through its consolidated subsidiary, B&H Footwear, sold $1.2 million and $2.2 million of Naturalizer footwear on a wholesale basis to CBI, with $1.1 million and $2.6 million in corresponding sales during the thirteen and twenty-six weeks ended July 28, 2012.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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