Segment Information

3 Months Ended

Apr. 30, 2016

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 January 30, 2016. 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 April 30, 2016			Thirteen Weeks Ended May 2, 2015
	(in thousands)
Net sales:
Wholesale	$	53,464		$	59,540
Retail	51,675			68,670
	$	105,139		$	128,210
Gross profit:
Wholesale	$	25,440		$	28,998
Retail	26,329			33,480
	$	51,769		$	62,478
	April 30, 2016			January 30, 2016
Total assets:
Wholesale	$	651,014		$	636,924
Retail	367,606			372,651
	1,018,620			1,009,575
Eliminations (a)	(677,113		)	(658,529		)
Consolidated assets	$	341,507		$	351,046

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