EXPRESS, INC. - 10-Q filing on 2015-09-03

Segment Reporting

6 Months Ended

Aug. 01, 2015

The Company defines an operating segment on the same basis that it uses to evaluate performance internally. The Company has determined that, together, its Chief Executive Officer and Chief Operating Officer are the Chief Operating Decision Maker and that there is one operating segment. Therefore, the Company reports results as a single segment, which includes the operation of its Express brick-and-mortar retail and outlet stores, e-commerce operations, and franchise operations.

The following is information regarding the Company's major product categories and sales channels:



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	August 1, 2015		August 2, 2014		August 1, 2015		August 2, 2014
	(in thousands)				(in thousands)
Apparel	$	468,521	$	418,029	$	911,986	$	820,913
Accessories and other	52,967		51,486		102,212		101,291
Other revenue	14,094		11,905		23,762		19,868
Total net sales	$	535,582	$	481,420	$	1,037,960	$	942,072



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	August 1, 2015		August 2, 2014		August 1, 2015		August 2, 2014
	(in thousands)				(in thousands)
Stores	$	446,527	$	407,735	$	861,601	$	791,393
E-commerce	74,961		61,780		152,597		130,811
Other revenue	14,094		11,905		23,762		19,868
Total net sales	$	535,582	$	481,420	$	1,037,960	$	942,072

Other revenue consists primarily of sell-off revenue related to mark-out-of-stock inventory sales to third parties, shipping and handling revenue related to e-commerce activity, and revenue from franchise agreements.

Revenue and long-lived assets relating to the Company's international operations for the thirteen and twenty-six weeks ended and as of August 1, 2015 and August 2, 2014, respectively, were not material for any period presented and, therefore, are not reported separately from domestic revenue or long-lived assets.