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Segment Information
12 Months Ended
Jan. 28, 2012
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
SEGMENT INFORMATION
The Company operates in two industry segments, wholesale distribution and specialty retail sales of designer fragrance and related products. Management reviews segment information by segment and on a consolidated basis each month. Retail sales include sales through Perfumania retail stores, the Scents of Worth consignment business and the Company’s internet site, Perfumania.com. Transactions between Five Star and unrelated customers are included in our wholesale segment information. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 2. The Company’s chief operating decision maker, who is its Chief Executive Officer, assesses segment performance by reference to gross profit. Each of the segments has its own assets, liabilities, revenues and cost of goods sold. While each segment has certain unallocated operating expenses, these expenses are not reviewed by the chief operating decision maker on a segment basis but rather on a consolidated basis. Financial information for these segments is summarized in the following table:
 
 
Fiscal Year Ended
January  28 2012
 
Fiscal Year Ended
January  29, 2011
 
($ in thousands)
Net sales:
 
 
 
Retail
$
354,488

 
$
327,291

Wholesale
139,019

 
157,509

 
$
493,507

 
$
484,800

Gross profit:
 
 
 
Retail
$
156,688

 
$
143,034

Wholesale
34,454

 
37,815

 
$
191,142

 
$
180,849

 
 
 
 
 
January 28, 2012
 
January 29, 2011
Total assets:
 
 
 
Wholesale
$
312,855

 
$
324,726

Retail
238,844

 
246,961

 
551,699

 
571,687

Eliminations (a)
(264,944
)
 
(271,215
)
Consolidated assets
$
286,755

 
$
300,472

 
(a) Adjustment to eliminate intercompany receivables and investment in subsidiaries
See Note 1 for disclosure of sales to significant customers.