Discontinued Operations

12 Months Ended

Feb. 01, 2014

Discontinued Operations

J. DISCONTINUED OPERATIONS

During the second quarter of fiscal 2012, the Company exited its European Direct business and provided formal termination notice to its vendor, who had provided all web store design, order processing, fulfillment and customer call center services for the Company’s European web stores. Included in the loss from discontinued operations for fiscal 2012 is an early termination and settlement fee of $1.1 million that was paid to the Company’s vendor for early termination.

The results of the European Direct business have been reclassified to reflect the operating results as discontinued operations for all periods presented. The following table summarizes the results from discontinued operations from the Company’s European Direct business for the fiscal years presented.

(in thousands)	Fiscal 2012			Fiscal 2011
Sales	$	813		$	1,788
Gross margin		(84	)		651
Selling, general and administrative expenses		(1,841	)		(2,774	)
Depreciation and amortization		(8	)		(18	)
Benefit from income taxes		—			—
Loss from discontinued operations	$	(1,933	)	$	(2,141	)