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Segment Reporting
12 Months Ended
Feb. 02, 2020
Segment Reporting
Note K: Segment Reporting
We identify our operating segments according to how our business activities are managed and evaluated.
Prior to fiscal 2019, we managed
e-commerce
merchandise strategies, which included the results of Williams Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, Pottery Barn Teen, Williams Sonoma Home, Rejuvenation and Mark and Graham, separately from our retail business. Because these merchandising strategies shared similar economic and other qualitative characteristics, they had been aggregated into the
e-commerce
reportable segment. Also, prior to fiscal 2019, we managed retail merchandise strategies, which included the results of our retail stores for Williams Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation, separately from our
e-commerce
business. Because these merchandising strategies shared similar economic and other qualitative characteristics, they had been aggregated into the retail reportable segment.
Beginning in fiscal 2019, due to the convergence of our
e-commerce
and retail businesses and to better align with how we manage our
omni
-channel business, we have combined the results of our
e-commerce
and retail merchandise strategies at the overall brand level. Each of our brands are operating segments. Because they share similar economic and other qualitative characteristics, we have aggregated our operating segments into a single reportable segment.
The following table summarizes our net revenues by brand for fiscal 2019
, fiscal 2018
and fiscal 2017. We have updated fiscal 2018
 and fiscal 2017
results to conform with the current year presentation.
 
 
 
 
 
 
 
 
 
 
In thousands
 
Fiscal 2019
(52 weeks)
 
 
Fiscal 2018
(53 weeks)
 
 
Fiscal 2017
(52 weeks)
 
Pottery Barn
 
$
2,214,397
 
 
$
2,177,344
 
 
$
2,066,302
 
West Elm
 
 
1,466,537
 
 
 
1,292,928
 
 
 
1,114,339
 
Williams Sonoma
 
 
1,032,368
 
 
 
1,056,125
 
 
 
1,022,434
 
Pottery Barn Kids and Teen
 
 
908,561
 
 
 
895,762
 
 
 
860,468
 
Other
1
 
 
276,145
 
 
 
249,434
 
 
 
228,816
 
Total
2
 
$
5,898,008
 
 
$
5,671,593
 
 
$
5,292,359
 
1
Primarily consists of net revenues from our international franchise operations, Rejuvenation and Mark and Graham.
2
 
Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $365.6
 million
,
 $346.8
 million
and
$328.2
 million
for fiscal 2019, fiscal 2018 and fiscal 2017, respectively
.
 
Long-lived assets by geographic location are as follows:
             
In thousands
 
Feb. 2, 2020
1
   
Feb. 3, 2019
1
 
U.S.
  $
2,132,635
    $
1,068,196
 
International
   
165,772
     
50,305
 
Total
  $
 
 
 
 
 
2,298,407
    $
 
 
 
 
 
1,118,501
 
 
1
In fiscal 2019, we adopted Accounting Standards Update (“ASU”) 2016-02, Leases, as of the adoption date. Amounts reported for fiscal 2018 and prior years have not been adjusted, and continue to be reported in accordance with previous lease accounting guidance. See Note A to the Consolidated Financial Statements.