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Related Party Transactions
6 Months Ended
Aug. 01, 2020
Related Party Transactions [Abstract]  
Related Party Transactions

Note 7 - Related Party Transactions

The Company had an agreement with a related party vendor to purchase merchandise inventory. The vendor was considered a related party for financial reporting purposes because its principal owner is the spouse of the Company’s former Vice President of Product Development and Trend. As of June 14, 2019, the vendor is no longer a related party. The table below sets forth selected results related to this vendor, for the time period that the vendor was a related party, in dollars (in thousands) and percentages for the periods indicated:

 

 

 

13-Week Period Ended

 

 

26-Week Period Ended

 

 

 

August 1, 2020

 

 

August 3, 2019

 

 

August 1, 2020

 

 

August 3, 2019

 

Related Party Vendor:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases

 

$

 

 

$

6,177

 

 

$

 

 

$

19,577

 

Purchases as a percent of total merchandise purchases

 

 

%

 

 

9.2

%

 

 

%

 

 

16.0

%