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REVENUES | 12 Months Ended
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Jan. 30, 2021
REVENUES |
REVENUES | 3. REVENUES ​ Disaggregation of Revenues The following table disaggregates revenue by segment and major source for 2020, 2019 and 2018: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Eliminations and | ​ | ​ | ​
($ thousands) |  | Famous Footwear |  | Brand Portfolio |  | Other |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail stores | ​ | $ | 983,669 | ​ | $ | 52,796 | ​ | $ | — | ​ | $ | 1,036,465
Landed wholesale - e-commerce - drop ship (1) | ​ |  | — | ​ |  | 87,226 | ​ |  | (4,192) | ​ |  | 83,034
E-commerce - Company websites (1) | ​ |  | 279,353 | ​ |  | 149,090 | ​ |  | — | ​ |  | 428,443
Total direct-to-consumer sales | ​ | $ | 1,263,022 | ​ | $ | 289,112 | ​ | $ | (4,192) | ​ | $ | 1,547,942
First-cost wholesale - e-commerce (1) | ​ |  | — | ​ |  | 1,249 | ​ |  | — | ​ |  | 1,249
Landed wholesale - e-commerce (1) | ​ | ​ | — | ​ | ​ | 124,548 | ​ | ​ | — | ​ | ​ | 124,548
Landed wholesale - other | ​ |  | — | ​ |  | 408,752 | ​ |  | (44,770) | ​ |  | 363,982
First-cost wholesale | ​ |  | — | ​ |  | 69,172 | ​ |  | — | ​ |  | 69,172
Licensing and royalty | ​ |  | — | ​ |  | 9,478 | ​ |  | — | ​ |  | 9,478
Other (2) | ​ |  | 529 | ​ |  | 170 | ​ |  | — | ​ |  | 699
Total net sales | ​ | $ | 1,263,551 | ​ | $ | 902,481 | ​ | $ | (48,962) | ​ | $ | 2,117,070
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Eliminations and | ​ | ​ | ​
($ thousands) |  | Famous Footwear |  | Brand Portfolio |  | Other |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail stores | ​ | $ | 1,427,473 | ​ | $ | 154,549 | ​ | $ | — | ​ | $ | 1,582,022
Landed wholesale - e-commerce - drop ship (1) | ​ | ​ | — | ​ | ​ | 93,249 | ​ | ​ | — | ​ | ​ | 93,249
E-commerce - Company websites (1) | ​ |  | 159,724 | ​ |  | 145,897 | ​ |  | — | ​ |  | 305,621
Total direct-to-consumer sales | ​ | $ | 1,587,197 | ​ | $ | 393,695 | ​ | $ | — | ​ | $ | 1,980,892
First-cost wholesale - e-commerce (1) | ​ |  | — | ​ |  | 2,204 | ​ |  | — | ​ |  | 2,204
Landed wholesale - e-commerce (1) | ​ | ​ | — | ​ | ​ | 190,536 | ​ | ​ | — | ​ | ​ | 190,536
Landed wholesale - other | ​ |  | — | ​ |  | 708,262 | ​ |  | (72,955) | ​ |  | 635,307
First-cost wholesale | ​ |  | — | ​ |  | 96,021 | ​ |  | — | ​ |  | 96,021
Licensing and royalty | ​ |  | — | ​ |  | 15,469 | ​ |  | — | ​ |  | 15,469
Other (2) | ​ |  | 860 | ​ |  | 273 | ​ |  | — | ​ |  | 1,133
Net sales | ​ | $ | 1,588,057 | ​ | $ | 1,406,460 | ​ | $ | (72,955) | ​ | $ | 2,921,562
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2018
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Eliminations and | ​ | ​ | ​
($ thousands) |  | Famous Footwear |  | Brand Portfolio |  | Other |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail stores | ​ | $ | 1,469,857 | ​ | $ | 166,903 | ​ | $ | — | ​ | $ | 1,636,760
Landed wholesale - e-commerce - drop ship (1) | ​ | ​ | — | ​ | ​ | 61,518 | ​ | ​ | — | ​ | ​ | 61,518
E-commerce - Company websites (1) | ​ |  | 136,327 | ​ |  | 125,877 | ​ |  | — | ​ |  | 262,204
Total direct-to-consumer sales | ​ | $ | 1,606,184 | ​ | $ | 354,298 | ​ | $ | — | ​ | $ | 1,960,482
First-cost wholesale - e-commerce (1) | ​ |  | — | ​ |  | 1,086 | ​ |  | — | ​ |  | 1,086
Landed wholesale - e-commerce (1) | ​ | ​ | — | ​ | ​ | 155,637 | ​ | ​ | — | ​ | ​ | 155,637
Landed wholesale - other | ​ |  | — | ​ |  | 690,988 | ​ |  | (85,513) | ​ |  | 605,475
First-cost wholesale | ​ |  | — | ​ |  | 94,734 | ​ |  | — | ​ |  | 94,734
Licensing and royalty | ​ |  | — | ​ |  | 16,501 | ​ |  | — | ​ |  | 16,501
Other (2) | ​ |  | 624 | ​ |  | 307 | ​ |  | — | ​ |  | 931
Net sales | ​ | $ | 1,606,808 | ​ | $ | 1,313,551 | ​ | $ | (85,513) | ​ | $ | 2,834,846
(1) | Collectively referred to as "e-commerce" below
(2) | Includes breakage revenue from unredeemed gift cards
Retail stores The majority of the Company’s revenue is generated from retail sales where control is transferred and revenue is recognized at the point of sale. Retail sales are recorded net of estimated returns and exclude sales tax. The Company carries a returns reserve and a corresponding return asset for expected returns of merchandise. Retail sales to members of the Company’s loyalty programs, including the Famously You Rewards program, include two performance obligations: the sale of merchandise and the delivery of points that may be redeemed for future purchases. The transaction price is allocated to the separate performance obligations based on the relative stand-alone selling price. The stand-alone selling price for the points is estimated using the retail value of the merchandise earned, adjusted for estimated breakage based upon historical redemption patterns. The Company disregards the effect of the time value of money between payment for and receipt of goods when the sale does not include a financing element. The revenue associated with the initial merchandise purchased is recognized immediately and the value assigned to the points is deferred until the points are redeemed, forfeited or expired. Landed wholesale Landed sales are wholesale sales in which the merchandise is shipped directly to the customer from the Company’s warehouses. Many landed customers arrange their own transportation of merchandise and, with limited exceptions, control is transferred at the time of shipment. First-cost wholesale First-cost sales are wholesale sales in which the Company purchases merchandise from an international factory that manufactures the product and subsequently sells to a customer at an overseas port. Revenue is recognized at the time the merchandise is delivered to the customer’s designated freight forwarder and control is transferred to the customer. E-commerce The Company also generates revenue from sales on websites maintained by the Company that are shipped from the Company’s distribution centers or retail stores directly to the consumer, picked up directly by the consumer from the Company’s stores and e-commerce sales from the Company’s wholesale customers’ websites that are fulfilled on a drop-ship or first cost basis (collectively referred to as "e-commerce"). The Company transfers control and recognizes revenue for merchandise sold that is shipped directly to an individual consumer upon delivery to the consumer. Licensing and royalty The Company has license agreements with third parties allowing them to sell the Company’s branded product, or other merchandise that uses the Company’s owned or licensed brand names. These license agreements provide the licensee access to the Company’s symbolic intellectual property, and revenue is therefore recognized over the license term. For royalty contracts that do not have guaranteed minimums, the Company recognizes revenue as the licensee’s sales occur. For royalty contracts that have guaranteed minimums, revenue for the guaranteed minimum is recognized on a straight-line basis during the term, until such time that the cumulative royalties exceed the total minimum guarantee. Up-front payments are recognized over the contractual term to which the guaranteed minimum relates. Contract Balances Revenue is recorded at the transaction price, net of estimates for variable consideration for which reserves are established, including returns, allowances and discounts. Variable consideration is estimated using the expected value method and given the large number of contracts with similar characteristics, the portfolio approach is applied to determine the variable consideration for each revenue stream. Reserves for projected returns are based on historical patterns and current expectations. Information about significant contract balances from contracts with customers is as follows: ​
​ | ​ | ​ | ​ | ​ | ​
($ thousands) | January 30, 2021 |  | February 1, 2020
Customer allowances and discounts | $ | 17,043 | ​ | $ | 26,200
Loyalty programs liability |  | 13,986 | ​ |  | 16,405
Returns reserve |  | 11,040 | ​ |  | 14,033
Gift card liability |  | 6,091 | ​ |  | 5,742
​ Changes in contract balances with customers generally reflect differences in relative sales volume for the period presented. In addition, during 2020, the loyalty programs liability increased $26.4 million due to points and material rights accrued for purchases and decreased $28.8 million due to expirations and redemptions. During 2019, the loyalty programs liability increased $27.8 million due to points and material rights accrued for purchases and decreased $26.0 million due to expirations and redemptions.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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