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Segment Information
 3 Months Ended
Oct. 31, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
 
Prior to the consummation of the Chapter 11 Sales and Closures, the Company operated its business in three reportable segments: Premium Fashion, Plus Fashion and Kids Fashion. Each segment was reviewed by the Company’s Chief Executive Officer, who functioned as the chief operating decision maker (the “CODM”), and was responsible for reviewing the operating activities, financial results, forecasts and business plans of the segment. Accordingly, the Company’s CODM evaluated performance and allocated resources at the segment level. During the second quarter of Fiscal 2020, the company completed the Dressbarn wind down, which concluded the reporting of the Value Fashion segment. The Company reallocated all corporate overhead to the remaining operating segments. In addition, during the first quarter of Fiscal 2021, the Company completed the sale of Catherines’ intellectual property assets. The company reallocated all corporate overhead to the remaining operating segments. The financial information presented below reflects such changes for all periods presented, including the prior year financial information.

Prior to the consummation of the Chapter 11 Sales and Closures, the three reportable operating segments were as follows:
•Premium Fashion segment – consisted primarily of the specialty retail, outlet and direct channel operations of the Ann Taylor and LOFT brands.
•Plus Fashion segment – consisted of the specialty retail, outlet and direct channel operations of the Lane Bryant brand.
•Kids Fashion segment – consisted of the specialty retail, outlet, direct channel and licensing operations of the Justice brand.

The accounting policies of the Company’s reportable operating segments are consistent with those described in the Fiscal 2020 10-K. Corporate overhead expenses are allocated to the segments based upon specific usage or other reasonable allocation methods. Certain expenses, including acquisition and integration expenses, and restructuring and other related charges, have not been allocated to the segments, which is consistent with the CODM’s evaluation of the segments.
Net sales, operating (loss) income and depreciation and amortization expense for each reportable operating segment are as follows:
 Three Months Ended
October 31,
2020		November 2,
2019
 (millions)
Net sales:  
Premium Fashion
$306.5 $585.0 
Plus Fashion170.2 220.7 
Kids Fashion96.3 254.8 
Total net sales$573.0 $1,060.5 
Operating (loss) income (a):
  
Premium Fashion$(155.2)$27.0 
Plus Fashion1.8 (8.6)
Kids Fashion(21.8)(8.1)
Unallocated restructuring and other related charges (b)
(1.3)(3.8)
Total operating (loss) income$(176.5)$6.5 
Depreciation and amortization expense:  
Premium Fashion$29.6 $32.7 
Plus Fashion13.1 14.5 
Kids Fashion4.5 19.1 
Total depreciation and amortization expense$47.2 $66.3 
(a) For the three months ended October 31, 2020 and November 2, 2019, respectively, the Dressbarn and Catherines businesses were classified as discontinued operations within the condensed consolidated financial statements. As a result, shared expenses of $26.5 million for the three months ended November 2, 2019, which were previously allocated to Dressbarn and Catherines have been reallocated to the remaining operating units.
(b) Restructuring and other related charges are as follows:
Three Months Ended
October 31,
2020		November 2,
2019
(millions)
Cash related charges (i):
  
   Severance and benefit costs:
 Premium Fashion$(0.9)$(0.4)
 Plus Fashion0.2 (0.3)
 Kids Fashion2.0 (0.1)
      Corporate(0.1)4.6 
Total severance and benefit costs1.2 3.8 
Professional fees and other related charges:
Corporate0.1 — 
Total professional fees and other related charges0.1 — 
Total cash related charges1.3 3.8 
Total restructuring and other related charges$1.3 $3.8 
(i) The charges incurred under the Company’s cost reduction initiatives are more fully described in Note 8.