Discontinued Operations

3 Months Ended

Apr. 28, 2012

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

12. DISCONTINUED OPERATIONS

In accordance with ASC 205, “Presentation of Financial Statements- Discontinued Operations” (“ASC 205”), the Company has presented the results of operations of its closed stores as discontinued operations for all periods presented. During the first quarters of fiscal 2012 and 2011, the Company closed five and 25 underperforming stores, respectively. If the cash flow of the closed store was determined not to be significant to ongoing operations, and the cash inflows of nearby stores were not expected to increase significantly, the results of operations of the closed store are included in discontinued operations. The following table details the operating results included in discontinued operations for the period presented:

	April 30, 2011
Net sales	$	13,873
Cost of goods sold, including buying, distribution and occupancy costs		11,576
Gross margin		2,297
Selling, general and administrative expenses		5,185
Operating loss		(2,888	)
Income taxes		74
Net loss from discontinued operations	$	(2,814	)