Segment Information

9 Months Ended

Nov. 02, 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 to 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 November 2, 2013			Thirteen Weeks Ended October 27, 2012			Thirty-nine Weeks Ended November 2, 2013		Thirty-nine Weeks Ended October 27, 2012
	(in thousands)
Net sales:
Retail	$	76,095		$	73,529		$	228,115	$	225,920
Wholesale	79,584			65,972			162,713		128,123
	$	155,679		$	139,501		$	390,828	$	354,043
Gross profit:
Retail	$	35,498		$	32,910		$	105,435	$	99,326
Wholesale	34,869			25,285			64,567		44,242
	$	70,367		$	58,195		$	170,002	$	143,568
	November 2, 2013			February 2, 2013
Total assets:
Wholesale	$	616,450		$	511,265
Retail	375,931			347,492
	992,381			858,757
Eliminations (a)	(499,418		)	(439,153		)
Consolidated assets	$	492,963		$	419,604

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