EXPRESS, INC. - 10-Q filing on 2016-09-01

Segment Reporting

6 Months Ended

Jul. 30, 2016

The Company defines an operating segment on the same basis that it uses to evaluate performance internally. The Company has determined that, together, its President and Chief Executive Officer and its 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
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
	(in thousands)				(in thousands)
Apparel	$	438,848	$	468,521	$	880,091	$	911,986
Accessories and other	54,010		52,967		106,662		102,212
Other revenue	11,909		14,094		20,923		23,762
Total net sales	$	504,767	$	535,582	$	1,007,676	$	1,037,960



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
	(in thousands)				(in thousands)
Stores	$	422,804	$	446,527	$	839,706	$	861,601
E-commerce	70,054		74,961		147,047		152,597
Other revenue	11,909		14,094		20,923		23,762
Total net sales	$	504,767	$	535,582	$	1,007,676	$	1,037,960

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 July 30, 2016 and August 1, 2015, respectively, were not material for any period presented and, therefore, are not reported separately from domestic revenue or long-lived assets.