DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS

12 Months Ended

Jan. 31, 2015

Discontinued Operations [Abstract]

Discontinued Operations, Disclosure [Text Block]

NOTE 15- DISCONTINUED OPERATIONS

On March 7, 2014, we divested Steele's, an off-price concept that we launched in November 2011, in order to focus solely on our core specialty department store business. Accordingly, the results of operations of Steele's are reflected in discontinued operations for all periods presented.

Revenues and pre-tax loss of Steele's, which includes the 2014 loss on the sale of Steele's of $9.7 million, for each period presented were as follows (in thousands): 

	Fiscal Year
	2014		2013		2012
Net Sales	$	2,414	$	24,075	$	18,098
Pre-tax loss from discontinued operations	11,231		13,811		5,909

There were no assets or liabilities related to Steele’s included in the condensed consolidated financial statements as of January 31, 2015. The carrying values of the major assets and liabilities related to Steele’s included in the consolidated financial statements as of February 1, 2014 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