Segment Information

12 Months Ended

Jan. 28, 2017

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 28, 2017			Fiscal Year Ended January 30, 2016
	(in thousands)
Net sales:
Retail	$	237,297		$	293,395
Wholesale	231,568			248,569
	$	468,865		$	541,964
Gross profit:
Retail	$	116,791		$	147,468
Wholesale	104,541			110,156
	$	221,332		$	257,624
	January 28, 2017			January 30, 2016
Total assets:
Wholesale	$	678,555		$	636,924
Retail	364,117			372,651
	1,042,672			1,009,575
Eliminations (a)	(732,372		)	(658,529		)
Consolidated assets	$	310,300		$	351,046

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

Sales to wholesale customers in foreign countries during fiscal 2016 and 2015 were $35.1 million and $34.5 million, respectively.