Segment Information

12 Months Ended

Feb. 01, 2014

Segment Reporting [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 at Perfumania retail stores, the SOW consignment business and the Company’s internet site, Perfumania.com. Transactions between QFG, Parlux and 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 Note 3. 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 February 1, 2014			Fiscal Year Ended February 2, 2013
	(in thousands)
Net sales:
Retail	$	352,687		$	364,477
Wholesale	223,170			170,302
	$	575,857		$	534,779
Gross profit:
Retail	$	161,072		$	158,378
Wholesale	91,093			55,229
	$	252,165		$	213,607
	February 1, 2014			February 2, 2013
Total assets:
Wholesale	$	585,884		$	511,265
Retail	348,728			347,492
	934,612			858,757
Eliminations (a)	(511,208		)	(439,153		)
Consolidated assets	$	423,404		$	419,604

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

Sales to wholesale customers in foreign countries during fiscal 2013 and 2012 were $32.6 million and $15.3 million, respectively.