Related Party Transactions

12 Months Ended

Feb. 02, 2013

Related Party Transactions [Abstract]

Related Party Transactions

Note 12 - Related Party Transactions

Our Chairman and principal shareholder and his son are members of LC Footwear, LLC. They also were shareholders of PL Footwear, Inc., which during December 2007 became a wholly owned subsidiary of LC Footwear, LLC. Historically, we have purchased name brand merchandise from LC Footwear, LLC, and PL Footwear, Inc. has served as an import agent for us. PL Footwear, Inc. represented us on a commission basis in dealings with shoe factories in mainland China, where most of our private label shoes are manufactured. No purchases were made from LC Footwear, LLC in fiscal years 2012 or 2011. During fiscal 2010, purchases from LC Footwear, LLC were $50,000. Commissions paid to PL Footwear, Inc. were $726,000, $561,000 and $638,000 in fiscal years 2012, 2011 and 2010, respectively. During fiscal 2012, both companies ceased a significant portion of their operations, and as a result, we no longer anticipate purchasing merchandise from LC Footwear, LLC or utilizing PL Footwear, Inc. as an import agent.