Segment Information

3 Months Ended

May 03, 2014

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 1, 2014. 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 3, 2014			Thirteen Weeks Ended May 4, 2013
	(in thousands)
Net sales:
Retail	$	72,211		$	74,410
Wholesale	60,755			48,007
	$	132,966		$	122,417
Gross profit:
Retail	$	33,531		$	34,125
Wholesale	28,174			20,086
	$	61,705		$	54,211
	May 3, 2014			February 1, 2014
Total assets:
Wholesale	$	620,845		$	585,884
Retail	348,583			348,728
	969,428			934,612
Eliminations (a)	(539,149		)	(511,208		)
Consolidated assets	$	430,279		$	423,404

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