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COVID-19 Impacts
9 Months Ended
Oct. 31, 2020
Extraordinary And Unusual Items [Abstract]  
COVID-19 Impacts

Note 3 – COVID-19 Impacts

 

Our operations have been significantly disrupted by the outbreak of a novel strain of coronavirus (“COVID-19”).  On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic. The U.S. Government, as well as the vast majority of states and local municipalities, have taken unprecedented measures to control the spread of COVID-19 and to provide stimulus as a mitigating measure to deteriorating economic conditions and increasing unemployment.

The COVID-19 pandemic began significantly impacting our operations, sales and costs beginning in the first quarter of fiscal 2020.  Impacts included the temporary closure of our physical stores effective March 19, 2020, reduced foot traffic and sales, deteriorating economic conditions for our customer base, and some disruption to our global supply chain.  We began reopening physical stores in accordance with applicable public health guidelines in late April.  By the beginning of the second fiscal quarter, approximately 50 percent of our stores were reopened, and by early June, substantially all of our stores had reopened.  Our website and mobile app have been fully operational during the pandemic with digital orders generally fulfilled by our store locations.  As of October 31, 2020, we do not have any stores closed due to the pandemic; however, the COVID-19 pandemic will likely continue to impact our financial condition and results of operations for the foreseeable future.