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Segment Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information

Note 10. Segment Information

We have two reportable segments, REVOLVE and FORWARD, each offering clothing, shoes, accessories, and beauty products available for sale to customers through their respective websites. Our reportable segments have been identified based on how our chief operating decision makers manage our business, make operating decisions, and evaluate operating performance. Our chief operating decision makers are our co-chief executive officers. We evaluate the performance of our reportable segments based on net sales and gross profit. Management does not evaluate the performance of our reportable segments using asset measures.

Revenue from external customers for each group of similar products and services is not reported to our chief operating decision makers. The separate identification for purposes of segment disclosure is impracticable, as it is not readily available and the cost to develop would be excessive. During the years ended December 31, 2019, 2018 and 2017, no customer represented over 10% of net sales.

The following table summarizes our net sales and gross profit for each of our reportable segments (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

REVOLVE

 

$

527,251

 

 

$

433,548

 

 

$

330,577

 

FORWARD

 

 

73,742

 

 

 

65,191

 

 

 

69,020

 

Total

 

$

600,993

 

 

$

498,739

 

 

$

399,597

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

REVOLVE

 

$

292,042

 

 

$

241,061

 

 

$

169,070

 

FORWARD

 

 

29,911

 

 

 

24,245

 

 

 

24,620

 

Total

 

$

321,953

 

 

$

265,306

 

 

$

193,690

 

 

All of our long-lived assets and goodwill are located in the United States as of the years ended December 31, 2019, 2018 and 2017. The following table lists net sales by geographic area (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

United States

 

$

502,882

 

 

$

409,320

 

 

$

324,622

 

Rest of the world (1)

 

 

98,111

 

 

 

89,419

 

 

 

74,975

 

Total net sales

 

$

600,993

 

 

$

498,739

 

 

$

399,597

 

 

(1)

No individual country exceeded 10% of total net sales for any period presented.