SUBSEQUENT EVENT

12 Months Ended

Feb. 01, 2014

NOTE 16 - SUBSEQUENT EVENT

Steele's, an off-price concept, was launched on November 1, 2011 and by February 1, 2014, the number of stores had grown to 35. In order to focus all of the Company's attention on its core department store business, management began to evaluate options for the discontinuance of operations during the fourth quarter of 2013. Subsequent to February 1, 2014, the decision was made to divest the Steele's stores. On March 7, 2014, the Company completed a transaction to sell the Steele's off-price operations. As of February 1, 2014, the carrying values of the major assets and liabilities included in the Consolidated Balance Sheet related to Steele’s were as follows (in thousands):



	February 1, 2014
Merchandise inventories, net	$	10,498
Property, equipment and leasehold improvements, net	732
Other assets	442
Liabilities	809