Segment Information

3 Months Ended

May 04, 2013

SEGMENT INFORMATION [Abstract]

Segment Information

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 SOW consignment business and the Company’s internet site, Perfumania.com. Wholesale sales include sales through QFG, Parlux and Five Star, and unrelated customers. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in the Annual Report on Form 10-K for the fiscal year ended February 2, 2013. 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:

	Thirteen Weeks Ended May 4, 2013			Thirteen Weeks Ended April 28, 2012
	(in thousands)
Net sales:
Retail	$	74,410		$	73,930
Wholesale	48,007			32,454
	$	122,417		$	106,384
Gross profit:
Retail	$	34,125		$	32,322
Wholesale	20,086			8,963
	$	54,211		$	41,285
	May 4, 2013			February 2, 2013
Total assets:
Wholesale	$	535,632		$	511,265
Retail	346,077			347,492
	881,709			858,757
Eliminations (a)	(457,172		)	(439,153		)
Consolidated assets	$	424,537		$	419,604

(a) Adjustment to eliminate intercompany receivables and investment in subsidiaries