Revenue Recognition

12 Months Ended

Jan. 29, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

REVENUE RECOGNITION:

Disaggregated Revenue

The following table disaggregates our operating segment revenue by brand, which we believe provides a meaningful depiction of the nature of our revenue. Amounts shown include licensing and wholesale income, which is not a significant component of total revenue, and is aggregated within the respective brands in the table below.

	Fiscal 2021		%		Fiscal 2020		%		Fiscal 2019		%
Chico’s	$	815,647	45.1	%	$	595,968	45.0	%	$	1,045,221	51.3	%
WHBM	516,164		28.5		376,236		28.4		627,315		30.8
Soma	478,116		26.4		351,847		26.6		365,339		17.9
Total net sales	$	1,809,927	100.0	%	$	1,324,051	100.0	%	$	2,037,875	100.0	%

Contract Liability

Contract liabilities on the accompanying consolidated balance sheets are comprised of obligations associated with our gift card and customer loyalty programs. As of January 29, 2022 and January 30, 2021, contract liabilities primarily consisted of gift cards of $43.5 million and $40.4 million, respectively. For fiscal 2021, the Company recognized $26.2 million of revenue that was previously included in the gift card contract liability as of January 30, 2021. For fiscal 2020, the Company recognized $20.6 million of revenue that was previously included in the gift card contract liability as of February 1, 2020. The contract liability for our loyalty program was not material as of January 29, 2022 or January 30, 2021.

Performance Obligation

For fiscal 2021, 2020 and 2019, revenue recognized from performance obligations to customers related to prior periods were not material. Revenue to be recognized in future periods related to performance obligations is not expected to be material.