Segment Reporting (Tables)

9 Months Ended

Oct. 31, 2021

A summary of the information about the Company’s operations by segment is as follows:

	Three Months Ended						Nine Months Ended
	October 31,						October 31,
	2021			2020			2021			2020
Net sales
Retail operations	$	1,043,905		$	895,608		$	2,990,413		$	2,214,311
Wholesale operations		79,549			71,118			208,112			146,707
Nuuly operations		12,688			6,742			30,447			17,684
Intersegment elimination		(4,718	)		(3,861	)		(12,408	)		(17,346	)
Total net sales	$	1,131,424		$	969,607		$	3,216,564		$	2,361,356
Income (loss) from operations
Retail operations	$	126,615		$	101,969		$	377,489		$	24,873
Wholesale operations		10,098			14,947			33,377			(16,520	)
Nuuly operations		(4,900	)		(4,004	)		(11,800	)		(14,579	)
Intersegment elimination		850			116			1,195			(378	)
Total segment operating income (loss)		132,663			113,028			400,261			(6,604	)
General corporate expenses		(16,761	)		(14,520	)		(45,003	)		(24,204	)
Total income (loss) from operations	$	115,902		$	98,508		$	355,258		$	(30,808	)

(1)

General corporate expenses during the nine months ended October 31, 2020 benefitted from the recognition of COVID-19 related government relief packages in the nine months ended October 31, 2020.

	October 31,		January 31,		October 31,
	2021		2021		2020
Inventory
Retail operations	$	582,711	$	348,797	$	450,312
Wholesale operations		44,392		40,821		38,922
Total inventory	$	627,103	$	389,618	$	489,234
Rental product, net ⁽¹⁾
Nuuly operations	$	22,203	$	11,857	$	14,053
Total rental product, net	$	22,203	$	11,857	$	14,053

(1) Rental product, net is included in "Deferred income taxes and other assets" in the Condensed Consolidated Balance Sheets.

Property and equipment, net
Retail operations	$	1,056,282	$	938,020	$	901,817
Wholesale operations		1,593		2,096		2,212
Nuuly operations		30,412		27,306		26,535
Total property and equipment, net	$	1,088,287	$	967,422	$	930,564

Schedule of Net Sales and Percentage of Net Sales by Merchandise Category

The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category:

	Three Months Ended						Nine Months Ended
	October 31,						October 31,
	2021			2020			2021			2020
Net sales
Apparel ⁽¹⁾	$	749,789		$	622,776		$	2,135,503		$	1,501,053
Home ⁽²⁾		192,312			189,527			553,996			455,947
Accessories ⁽³⁾		132,541			116,417			369,815			276,361
Other ⁽⁴⁾		56,782			40,887			157,250			127,995
Total net sales	$	1,131,424		$	969,607		$	3,216,564		$	2,361,356

As a percentage of net sales
Apparel ⁽¹⁾		66	%		64	%		66	%		64	%
Home ⁽²⁾		17	%		20	%		17	%		19	%
Accessories ⁽³⁾		12	%		12	%		12	%		12	%
Other ⁽⁴⁾		5	%		4	%		5	%		5	%
Total net sales		100	%		100	%		100	%		100	%


(1) Apparel includes intimates and activewear
(2) Home includes home furnishings, electronics, gifts and decorative items
(3) Accessories includes footwear, jewelry and handbags
(4) Other includes beauty, shipping and handling, the Menus & Venues brand and the Nuuly segment

Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment

The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows:

	October 31,		January 31,		October 31,
	2021		2021		2020
Property and equipment, net
Domestic operations	$	894,106	$	768,440	$	747,273
Foreign operations		194,181		198,982		183,291
Total property and equipment, net	$	1,088,287	$	967,422	$	930,564

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2021		2020		2021		2020
Net Sales
Domestic operations	$	974,511	$	847,898	$	2,799,886	$	2,081,151
Foreign operations		156,913		121,709		416,678		280,205
Total net sales	$	1,131,424	$	969,607	$	3,216,564	$	2,361,356