Segment Information

12 Months Ended

Jan. 31, 2015

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 operating 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 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 31, 2015			Fiscal Year Ended February 1, 2014
	(in thousands)
Net sales:
Retail	$	344,544		$	352,687
Wholesale	239,411			223,170
	$	583,955		$	575,857
Gross profit:
Retail	$	164,460		$	161,072
Wholesale	106,664			91,093
	$	271,124		$	252,165
	January 31, 2015			February 1, 2014
Total assets:
Wholesale	$	608,119		$	585,884
Retail	353,356			348,728
	961,475			934,612
Eliminations (a)	(575,243		)	(511,208		)
Consolidated assets	$	386,232		$	423,404

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

Sales to wholesale customers in foreign countries during fiscal 2014 and 2013 were $34.4 million and $32.6 million, respectively.