J Crew (JCG) 10-Q 4 Dec 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Nov. 02, 2013	Nov. 29, 2013
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	2-Nov-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'J CREW GROUP INC	'
Entity Central Index Key	'0001051251	'
Current Fiscal Year End Date	'--02-01	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	1,000

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Nov. 02, 2013	Feb. 02, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$77,893	$68,399
Merchandise inventories	418,401	265,628
Prepaid expenses and other current assets	82,478	65,791
Prepaid income taxes	'	11,620
Total current assets	578,772	411,438
Property and equipment, net	369,054	324,111
Favorable lease commitments, net	28,612	35,104
Deferred financing costs, net	44,396	51,851
Intangible assets, net	968,500	975,517
Goodwill	1,686,915	1,686,915
Other assets	3,507	1,778
Total assets	3,679,756	3,486,714
Current liabilities:	'	'
Accounts payable	243,374	141,119
Other current liabilities	150,137	153,743
Interest payable	10,036	18,812
Income taxes payable	2,424	'
Current portion of long-term debt	12,000	12,000
Total current liabilities	417,971	325,674
Long-term debt	1,558,000	1,567,000
Unfavorable lease commitments and deferred credits, net	91,741	71,146
Deferred income taxes, net	397,087	392,984
Other liabilities	33,268	38,419
Total liabilities	2,498,067	2,395,223
Stockholders’ equity:	'	'
Common stock $0.01 par value; 1,000 shares authorized, issued and outstanding	'	'
Additional paid-in capital	1,006,980	1,003,184
Accumulated other comprehensive loss	-15,994	-20,189
Retained earnings	190,703	108,496
Total stockholders’ equity	1,181,689	1,091,491
Total liabilities and stockholders’ equity	$3,679,756	$3,486,714

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Nov. 02, 2013	Feb. 02, 2013
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1,000	1,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Revenues:	'	'	'	'
Net sales	$610,029	$548,506	$1,717,329	$1,563,936
Other	8,798	7,302	24,711	20,882
Total revenues	618,827	555,808	1,742,040	1,584,818
Cost of goods sold, including buying and occupancy costs	347,332	292,738	988,537	845,223
Gross profit	271,495	263,070	753,503	739,595
Selling, general and administrative expenses	188,583	188,569	541,207	527,357
Income from operations	82,912	74,501	212,296	212,238
Interest expense, net of interest income	26,467	24,089	78,386	74,860
Income before income taxes	56,445	50,412	133,910	137,378
Provision for income taxes	21,017	17,233	51,703	51,496
Net income	35,428	33,179	82,207	85,882
Other comprehensive income (loss):	'	'	'	'
Reclassification of realized losses on cash flow hedges, net of tax, to earnings	1,917	'	5,052	'
Unrealized gain (loss) on cash flow hedges, net of tax	-289	-436	-527	-1,692
Foreign currency translation adjustments	647	'	-330	'
Comprehensive income	$37,703	$32,743	$86,402	$84,190

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Changes in Stockholders' Equity (USD $)	Total	Common Stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive loss
In Thousands, except Share data	USD ($)		USD ($)	USD ($)	USD ($)
Beginning Balance at Jan. 28, 2012	$1,177,052	'	$1,183,606	$12,409	($18,963)
Beginning Balance (in shares) at Jan. 28, 2012	'	1,000	'	'	'
Net income	96,087	'	'	96,087	'
Share-based compensation	5,284	'	5,284	'	'
Contribution from/to Parent, net	11,744	'	11,744	'	'
Dividend	-197,450	'	-197,450	'	'
Net loss on cash flow hedges, net of tax	-1,226	'	'	'	-1,226
Ending Balance at Feb. 02, 2013	1,091,491	'	1,003,184	108,496	-20,189
Ending Balance (in shares) at Feb. 02, 2013	'	1,000	'	'	'
Net income	82,207	'	'	82,207	'
Share-based compensation	4,359	'	4,359	'	'
Contribution from/to Parent, net	-563	'	-563	'	'
Reclassification of realized losses on cash flow hedges, net of tax, to earnings	5,052	'	'	'	5,052
Unrealized gain (loss) on cash flow hedges, net of tax	-527	'	'	'	-527
Foreign currency translation adjustments	-330	'	'	'	-330
Ending Balance at Nov. 02, 2013	$1,181,689	'	$1,006,980	$190,703	($15,994)
Ending Balance (in shares) at Nov. 02, 2013	'	1,000	'	'	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income	$82,207	$85,882
Adjustments to reconcile to cash flows from operating activities:	'	'
Depreciation of property and equipment	57,538	52,363
Realized hedging losses	8,635	'
Amortization of deferred financing costs	7,455	7,201
Amortization of intangible assets	7,017	7,354
Amortization of favorable lease commitments	6,492	10,860
Share-based compensation	4,359	3,213
Changes in operating assets and liabilities:	'	'
Merchandise inventories	-152,905	-105,942
Prepaid expenses and other current assets	-16,663	-3,623
Other assets	-1,702	649
Accounts payable and other liabilities	103,346	40,136
Federal and state income taxes	16,038	-4,514
Net cash provided by operating activities	121,817	93,579
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Capital expenditures	-102,637	-109,588
Net cash used in investing activities	-102,637	-109,588
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Repayment of debt	-9,000	-9,000
Costs incurred in refinancing debt	'	-650
Contribution to Parent	-563	-518
Net cash used in financing activities	-9,563	-10,168
Effect of changes in foreign exchange rates on cash and cash equivalents	-123	'
Increase (decrease) in cash and cash equivalents	9,494	-26,177
Beginning balance	68,399	221,852
Ending balance	77,893	195,675
Supplemental cash flow information:	'	'
Income taxes paid	38,821	56,179
Interest paid	$76,550	$81,351

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Nov. 02, 2013
Basis of Presentation	'
	1. Basis of Presentation
	J.Crew Group, Inc. and its wholly owned subsidiaries (the “Company” or “Group”) was acquired (the “Acquisition”) on March 7, 2011 through a merger with a subsidiary of Chinos Holdings, Inc. (the “Parent”). The Parent was formed by investment funds affiliated with TPG Capital, L.P. (“TPG”) and Leonard Green & Partners, L.P. (“LGP” and together with TPG, the “Sponsors”). Subsequent to the Acquisition, Group became an indirect, wholly owned subsidiary of Parent, which is owned by affiliates of the Sponsors, co-investors and members of management. Prior to March 7, 2011, the Company operated as a public company with its common stock traded on the New York Stock Exchange.
	The accompanying unaudited condensed consolidated financial statements were prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. Therefore, these financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2013.
	In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting of normal recurring adjustments, necessary to present fairly in all material respects the Company’s financial position, results of operations and cash flows for the applicable interim periods. Certain prior year amounts have been reclassified to conform to current period presentation. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year as a whole.
	Management is required to make estimates and assumptions about future events in preparing financial statements in conformity with generally accepted accounting principles. These estimates and assumptions affect the amounts of assets, liabilities, revenues and expenses and the disclosure of loss contingencies at the date of the unaudited condensed consolidated financial statements. While management believes that past estimates and assumptions have been materially accurate, current estimates are subject to change if different assumptions as to the outcome of future events are made. Management evaluates estimates and judgments on an ongoing basis and predicates those estimates and judgments on historical experience and on reasonable factors. Since future events and their effects cannot be determined with absolute certainty, actual results may differ from the estimates used in preparing the accompanying unaudited condensed consolidated financial statements.

Management_Services_Agreement

Management Services Agreement	9 Months Ended
	Nov. 02, 2013
Management Services Agreement	'
	2. Management Services Agreement
	Pursuant to a management services agreement entered into in connection with the Acquisition, and in exchange for on-going consulting and management advisory services, the Sponsors receive an aggregate annual monitoring fee prepaid quarterly equal to the greater of (i) 40 basis points of consolidated annual revenues or (ii) $8 million. The Sponsors also receive reimbursement for out-of-pocket expenses incurred in connection with services provided pursuant to the agreement. The Company recorded an expense of $7.4 million in the first nine months of fiscal 2013 for monitoring fees and out-of-pocket expenses, included in selling, general and administrative expenses in the statements of operations and comprehensive income.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	9 Months Ended
	Nov. 02, 2013
Goodwill and Intangible Assets	'
	3. Goodwill and Intangible Assets
	The significant components of our intangible assets and goodwill are as follows:
		Loyalty Program			Favorable Lease			Madewell			J.Crew		Goodwill
		and Customer Lists			Commitments			Brand Name			Brand Name
	Balance at February 2, 2013	$	16,075		$	35,104		$	74,142		$	885,300	$	1,686,915
	Amortization expense		(1,342	)		(2,356	)		(1,025	)		—		—
	Balance at May 4, 2013	$	14,733		$	32,748		$	73,117		$	885,300	$	1,686,915
	Amortization expense		(1,300	)		(2,102	)		(1,025	)		—		—
	Balance at August 3, 2013	$	13,433		$	30,646		$	72,092		$	885,300	$	1,686,915
	Amortization expense		(1,300	)		(2,034	)		(1,025	)		—		—
	Balance at November 2, 2013	$	12,133		$	28,612		$	71,067		$	885,300	$	1,686,915
	Total accumulated amortization at November 2, 2013	$	(14,877	)	$	(32,398	)	$	(10,933	)

ShareBased_Compensation

Share-Based Compensation	9 Months Ended
	Nov. 02, 2013
Share-Based Compensation	'
	4. Share-Based Compensation
	Chinos Holdings, Inc. 2011 Equity Incentive Plan
	During the first nine months of fiscal 2013, the Parent issued 10,431,000 options to certain members of management, including (i) 5,170,500 options with a weighted average exercise price of $1.10 that become exercisable over a period of up to seven years and (ii) 5,260,500 options with a weighted average exercise price of $1.10 that only become exercisable when certain owners of the Parent receive a specified level of cash proceeds, as defined in the equity incentive plan, from the sale of their initial investment. The options have terms of up to ten years. The weighted average grant-date fair value of the time-based awards granted in the first nine months was $0.49 per share. Expense associated with the options exercisable when certain owners of the Parent receive a specified level of cash proceeds will not be recognized until that event occurs.
	A summary of share-based compensation recorded in the statements of operations and comprehensive income is as follows:
		For the			For the
		Thirty-nine			Thirty-nine
		Weeks Ended			Weeks Ended
		November 2, 2013			October 27, 2012
	Share-based compensation	$		4,359	$	3,213
	A summary of shares available for grant as stock options or other share-based awards is as follows:
		Shares
	Available for grant at February 2, 2013		24,790,408
	Granted		(10,467,750	)
	Forfeited and available for reissuance		2,192,400
	Available for grant at November 2, 2013		16,515,058

LongTerm_Debt_and_Credit_Agree

Long-Term Debt and Credit Agreements	9 Months Ended
	Nov. 02, 2013
Long-Term Debt and Credit Agreements	'
	5. Long-Term Debt and Credit Agreements
	A summary of the components of the Company’s long-term debt is as follows:
		November 2,			February 2,
		2013			2013
	Term Loan	$	1,170,000		$	1,179,000
	Notes		400,000			400,000
	Less: current portion of Term Loan		(12,000	)		(12,000	)
	Long-term debt	$	1,558,000		$	1,567,000
	Borrowings under ABL Facility	$	—		$	—
	In connection with the Acquisition, we entered into debt financing comprised of (i) $1,450 million of senior secured credit facilities (the “Senior Credit Facilities”) consisting of (a) a $250 million, 5-year asset-based revolving credit facility (the “ABL Facility”) and (b) a $1,200 million, 7-year term loan credit facility due 2018 (the “Term Loan Facility”), and (ii) $400 million of 8.125% senior notes due 2019 (the “Notes”).
	Term Loan
	On December 18, 2012, the Term Loan Facility was amended to, among other things, (i) permit a one-time dividend to Chinos Intermediate Holdings B, Inc. (and by Chinos Intermediate Holdings B, Inc. to any of its direct or indirect parents) in an amount up to $200 million and (ii) modify certain exceptions to the restrictive covenants in the credit agreement governing the Term Loan Facility that restrict the ability of Chinos Intermediate Holdings B, Inc., Group and its subsidiaries to pay dividends on, or redeem or repurchase capital stock, prepay certain indebtedness and make investments.
	On February 4, 2013, the Company further amended the Term Loan Facility to, among other things, replace the $1,179 million in term loans outstanding immediately prior to the amendment with a new class of term loans, and reduce the applicable margin and LIBOR floor with respect to the new class of term loans. Borrowings under the Term Loan Facility bear interest at a rate per annum equal to an applicable margin plus, at Group’s option, either (a) LIBOR determined by reference to the costs of funds for U.S. dollar deposits for an interest period of one month adjusted for certain additional costs (subject to a floor) or (b) a base rate determined by reference to the highest of (1) the prime rate of Bank of America, N.A., (2) the federal funds effective rate plus 0.50% and (3) a LIBOR determined by reference to the costs of funds for U.S. dollar deposits for an interest period of one month adjusted for certain additional costs, plus 1.00%. Following the amendment, the applicable margin with respect to base rate borrowings is 2.00% and the LIBOR floor and applicable margin with respect to LIBOR borrowings are 1.00% and 3.00%, respectively. In addition, the Term Loan Facility provides for an incremental 0.25% step-down in applicable margin at any time on and after May 6, 2013 when Group’s corporate family rating, as publicly announced by Moody’s, is B1 or better.
	The Company is required to make principal repayments equal to 0.25% of the original $1,200 million principal amount of the Term Loan, or $3 million, on the last business day of January, April, July, and October. The Company is also required to repay the Term Loan based on annual excess cash flow as defined in the agreement, under certain circumstances. Borrowings under the Term Loan mature on March 7, 2018.
	The interest rate on the $1,170 million in outstanding LIBOR borrowings pursuant to the Term Loan Facility was 4.00% on November 2, 2013.
	ABL Facility
	On October 11, 2012, the Company entered into an amendment to the ABL Facility (the “First Amendment”) that extended the maturity date to October 11, 2017. The First Amendment also (i) reduced the pricing on loans, letters of credit and fees paid on unutilized commitments and (ii) modified certain financial and negative covenants.
	Average short-term borrowings under the ABL Facility were $3.3 million in the first nine months of fiscal 2013. Outstanding standby letters of credit were $5.7 million and excess availability, as defined, was $244.3 million at November 2, 2013. Additionally, the Company has an unsecured demand letter of credit facility with HSBC which provides for the issuance of up to $35 million of documentary letters of credit on a no fee basis. Outstanding letters of credit under this facility were $15.9 million and availability was $19.1 million at November 2, 2013.
	Interest expense
	A summary of the significant components of interest expense is as follows:
		For the			For the
		Thirty-nine			Thirty-nine
		Weeks Ended			Weeks Ended
		November 2, 2013			October 27, 2012
	Term Loan	$	36,935		$	42,796
	Notes		24,375			24,375
	Realized hedging losses		8,635			—
	Amortization of deferred financing costs		7,455			7,201
	Other, net of interest income		986			488
	Interest expense, net	$	78,386		$	74,860

Derivative_Financial_Instrumen

Derivative Financial Instruments	9 Months Ended
	Nov. 02, 2013
Derivative Financial Instruments	'
	6. Derivative Financial Instruments
	Interest Rate Swaps
	In April 2011, the Company entered into floating-to-fixed interest rate swap agreements for an aggregate notional amount of $600 million, which will be reduced by $100 million annually for the term of the agreements. These instruments limit exposure to interest rate increases related to a portion of the Company’s floating rate indebtedness through the expiration of the agreements in March 2016. As a result of the agreements, the Company’s effective fixed interest rate on the notional amount of floating rate indebtedness is 3.56% plus the applicable margin.
	During the first nine months of fiscal 2013, the Company realized hedging losses of $8.6 million pursuant to the interest rate hedging agreements. Such losses were included in interest expense, net in the statement of operations and comprehensive income.
	The Company expects to reclassify unrealized losses of approximately $8 million, net of tax, previously recorded in accumulated other comprehensive loss, thereby increasing interest expense by $13 million in the next 12 months.
	Fair Value
	As of the effective date, the Company designated the interest rate swap agreements as cash flow hedges. As cash flow hedges, unrealized gains are recognized as assets while unrealized losses are recognized as liabilities. The interest rate swap agreements are highly correlated to the changes in interest rates to which the Company is exposed. Unrealized gains and losses on these instruments are designated as effective or ineffective. The effective portion of such gains or losses is recorded as a component of accumulated other comprehensive income or loss, while the ineffective portion of such gains or losses will be recorded as a component of interest expense. Future realized gains and losses in connection with each required interest payment will be reclassified from accumulated other comprehensive income or loss to interest expense.
	The fair values of the interest rate swap agreements are estimated using industry standard valuation models using market-based observable inputs, including interest rate curves (level 2 inputs). The fair value of the interest rate swaps, recorded in other liabilities, was $26,985 and $33,266 at November 2, 2013 and February 2, 2013, respectively.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Nov. 02, 2013
Fair Value Measurements	'
	7. Fair Value Measurements
	The Company uses a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:
	     Level 1 – Quoted prices in active markets for identical assets or liabilities.
	     Level 2 – Observable inputs, other than quoted prices included in Level 1, such as quoted prices for markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	     Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.
	Financial assets and liabilities
	The fair value of the Company’s debt is estimated to be $1,601 million and $1,617 million at November 2, 2013 and February 2, 2013 based on quoted market prices of the debt (level 1 inputs).
	In April 2011, the Company entered into interest rate swap agreements in order to hedge the variability of cash flows related to a portion of the Company’s floating rate indebtedness, which are measured in the financial statements at fair value on a recurring basis. See note 6 for more information regarding the fair value of this financial liability.
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, accounts payable and other current liabilities approximate fair value because of their short-term nature.
	Non-financial assets and liabilities
	Except for certain leasehold improvements, the Company does not have any non-financial assets or liabilities as of November 2, 2013 or February 2, 2013 that are measured in the financial statements at fair value.
	The Company performs impairment tests of certain long-lived assets whenever there are indicators of impairment. These tests typically contemplate assets at a store level (e.g. leasehold improvements). The Company recognizes an impairment loss when the carrying value of a long-lived asset is not recoverable in light of the undiscounted future cash flows and measures an impairment loss as the difference between the carrying amount and fair value of the asset based on discounted future cash flows. The Company has determined that the future cash flow approach (level 3 inputs) provides the most relevant and reliable means by which to determine fair value in this circumstance.
	A summary of the impact of the impairment of certain long-lived assets on financial condition and results of operations is as follows:
		For the		For the
		Thirty-nine		Thirty-nine
		Weeks Ended		Weeks Ended
		November 2, 2013		October 27, 2012
	Carrying value of long-term assets written down to fair value	$	673	$	160
	Impairment charge	$	673	$	160

Income_Taxes

Income Taxes	9 Months Ended
	Nov. 02, 2013
Income Taxes	'
	8. Income Taxes
	The Parent files a consolidated federal income tax return, which includes Group and all of its wholly owned subsidiaries. Each subsidiary files separate, or combined where required, state or local tax returns in required jurisdictions.
	During the second quarter of fiscal 2013, the Internal Revenue Service concluded its examination of tax returns for periods ended January 2010 through March 7, 2011. No adjustments were made to the tax returns as a result of the examination. The tax return for the period ended January 2012 is currently under examination. Various state and local jurisdiction tax authorities are in the process of examining income tax returns or hearing appeals for certain tax years ranging from 2008 to 2011. The results of these audits and appeals are not expected to have a significant effect on the results of operations or financial position.
	The differences between the U.S. statutory income tax rate of 35% and the effective tax rates for the thirty-nine weeks ended November 2, 2013 and October 27, 2012 of 38.6% and 37.5%, respectively, are primarily driven by state and local income taxes, net of federal benefit, offset by certain federal tax credits.
	While the Company expects the amount of unrecognized tax benefits to change in the next twelve months, the change is not expected to have a significant effect on the estimated effective annual tax rate, the results of operations or financial position. However, the outcome of tax matters is uncertain and unforeseen results can occur.

Legal_Proceedings

Legal Proceedings	9 Months Ended
	Nov. 02, 2013
Legal Proceedings	'
	9. Legal Proceedings
	On June 20, 2013, a purported class action complaint was filed in the United States District Court for the District of Massachusetts by an individual claiming that the Company collected her ZIP code unlawfully in connection with a retail purchase she made at a Massachusetts store. That action, captioned Miller v. J.Crew Group, Inc., 13-cv-11487 (the “Miller Action”), purports to be brought on behalf of a class of customers whose ZIP codes were collected and recorded at Company stores in Massachusetts in connection with credit card purchases, and claims that the Company used the collected ZIP code data to obtain customers’ addresses for purposes of mailing them unwanted advertising material. The Miller Action seeks money damages pursuant to a claim under Chapter 93A of the General Laws of Massachusetts and a claim for unjust enrichment. The Company believes the complaint is without merit and intends to defend against the Plaintiff’s claims. However, it is reasonably possible that the Company may incur a loss in connection with the Miller Action. The amount of such loss, if any, cannot be estimated as of the date these financial statements are issued.
	The Company is also subject to various legal proceedings and claims arising in the ordinary course of business. Management does not expect that the results of any of these legal proceedings, either individually or in the aggregate, would have a material impact on the Company’s financial position, results of operations or cash flows.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
	Nov. 02, 2013
Recent Accounting Pronouncements	'
	10. Recent Accounting Pronouncements
	In December 2011, a pronouncement was issued that amended the guidance related to the disclosure of recognized financial instruments and derivative instruments that are either offset on the balance sheet or subject to an enforceable master netting arrangement or similar agreement. The amended provisions are effective for fiscal years beginning on or after January 1, 2013, and are required to be applied retrospectively for all prior periods presented. As this pronouncement relates to disclosure only, the adoption of this amendment did not have a significant impact on the Company’s condensed consolidated financial statements.
	In February 2013, a pronouncement was issued that clarified the guidance relating to the reporting of reclassifications out of accumulated other comprehensive income depending on the significance of the reclassifications and whether they are required by U.S. GAAP. The pronouncement is effective for reporting periods beginning after December 15, 2012. The Company adopted this pronouncement on February 3, 2013. The adoption of this guidance required changes in presentation only and therefore did not have a significant impact on the Company’s condensed consolidated financial statements.

Subsequent_Event

Subsequent Event	9 Months Ended
	Nov. 02, 2013
Subsequent Event	'
	11. Subsequent Event
	On November 4, 2013 in a private transaction, Chinos Intermediate Holdings A, Inc. (the “Issuer”), an indirect parent holding company of Group, issued $500 million aggregate principal of 7.75/8.50% Senior PIK Toggle Notes due May 1, 2019 (the “PIK Notes”).  The PIK Notes pay interest semi-annually on May 1 and November 1 of each year.  Interest for the first and final interest periods is required to be paid in cash at the cash interest rate of 7.75%.  For each other interest period, the Issuer is required to pay interest in cash, unless certain conditions are satisfied, in which case the Issuer may elect to pay PIK interest either by increasing the principal amount or issuing new notes.  The PIK interest rate is equal to the cash interest rate plus 75 basis points, or 8.50%.
	The PIK Notes are: (i) senior unsecured obligations of the Issuer, (ii) structurally subordinated to all of the liabilities of the Issuers’ subsidiaries, and (iii) not guaranteed by any of the Issuers’ subsidiaries, including Group, and therefore are not recorded in the financial statements of the Company.  The PIK Notes provide for redemption at certain prices, including with respect to a change in control or equity offering.  While not required, the Company intends to pay dividends to the Issuer to fund interest payments.  If interest on the PIK Notes is paid in cash, the semi-annual interest payments will be $19 million, or $213 million through the maturity date.  The dividends will be recorded as a reduction of stockholders’ equity in the consolidated financial statements of Group.
	The net proceeds of $490 million from this offering were used by the Issuer to fund a cash dividend of $484 million to equity holders, and dividend equivalent compensation payments of $6 million to certain equity-award holders.  Additionally, the exercise prices of certain equity-awards were reduced by an amount equal to the dividend of $0.53 per share.

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Nov. 02, 2013
Significant Components of Intangible Assets and Goodwill	'
	The significant components of our intangible assets and goodwill are as follows:
		Loyalty Program			Favorable Lease			Madewell			J.Crew		Goodwill
		and Customer Lists			Commitments			Brand Name			Brand Name
	Balance at February 2, 2013	$	16,075		$	35,104		$	74,142		$	885,300	$	1,686,915
	Amortization expense		(1,342	)		(2,356	)		(1,025	)		—		—
	Balance at May 4, 2013	$	14,733		$	32,748		$	73,117		$	885,300	$	1,686,915
	Amortization expense		(1,300	)		(2,102	)		(1,025	)		—		—
	Balance at August 3, 2013	$	13,433		$	30,646		$	72,092		$	885,300	$	1,686,915
	Amortization expense		(1,300	)		(2,034	)		(1,025	)		—		—
	Balance at November 2, 2013	$	12,133		$	28,612		$	71,067		$	885,300	$	1,686,915
	Total accumulated amortization at November 2, 2013	$	(14,877	)	$	(32,398	)	$	(10,933	)

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	9 Months Ended
	Nov. 02, 2013
Share-Based Compensation Recorded in Statements of Operations	'
	A summary of share-based compensation recorded in the statements of operations and comprehensive income is as follows:
		For the			For the
		Thirty-nine			Thirty-nine
		Weeks Ended			Weeks Ended
		November 2, 2013			October 27, 2012
	Share-based compensation	$		4,359	$	3,213
Shares Available for Grant as Stock Options or Other Share-Based Awards	'
	A summary of shares available for grant as stock options or other share-based awards is as follows:
		Shares
	Available for grant at February 2, 2013		24,790,408
	Granted		(10,467,750	)
	Forfeited and available for reissuance		2,192,400
	Available for grant at November 2, 2013		16,515,058

LongTerm_Debt_and_Credit_Agree1

Long-Term Debt and Credit Agreements (Tables)	9 Months Ended
	Nov. 02, 2013
Long-Term Debt	'
	A summary of the components of the Company’s long-term debt is as follows:
		November 2,			February 2,
		2013			2013
	Term Loan	$	1,170,000		$	1,179,000
	Notes		400,000			400,000
	Less: current portion of Term Loan		(12,000	)		(12,000	)
	Long-term debt	$	1,558,000		$	1,567,000
	Borrowings under ABL Facility	$	—		$	—
Interest Expense	'
	A summary of the significant components of interest expense is as follows:
		For the			For the
		Thirty-nine			Thirty-nine
		Weeks Ended			Weeks Ended
		November 2, 2013			October 27, 2012
	Term Loan	$	36,935		$	42,796
	Notes		24,375			24,375
	Realized hedging losses		8,635			—
	Amortization of deferred financing costs		7,455			7,201
	Other, net of interest income		986			488
	Interest expense, net	$	78,386		$	74,860

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Nov. 02, 2013
Impact of Impairment of Certain Long-Lived Assets on Financial Condition and Results of Operations	'
	A summary of the impact of the impairment of certain long-lived assets on financial condition and results of operations is as follows:
		For the		For the
		Thirty-nine		Thirty-nine
		Weeks Ended		Weeks Ended
		November 2, 2013		October 27, 2012
	Carrying value of long-term assets written down to fair value	$	673	$	160
	Impairment charge	$	673	$	160

Management_Services_Agreement_

Management Services Agreement - Additional Information (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Nov. 02, 2013
Transactions With Third Party [Line Items]	'
Sponsor fees, description	'Pursuant to a management services agreement entered into in connection with the Acquisition, and in exchange for on-going consulting and management advisory services, the Sponsors receive an aggregate annual monitoring fee prepaid quarterly equal to the greater of (i) 40 basis points of consolidated annual revenues or (ii) $8 million. The Sponsors also receive reimbursement for out-of-pocket expenses incurred in connection with services provided pursuant to the agreement.
Monitoring fees, included in selling, general and administrative expenses	$7.40
Management Revenue Scenario One	'
Transactions With Third Party [Line Items]	'
Consolidation annual revenue in basis points	0.40%
Management Revenue Scenario Two	'
Transactions With Third Party [Line Items]	'
Annual monitoring fee	$8

Significant_Components_of_Inta

Significant Components of Intangible Assets and Goodwill (Detail) (USD $)

9 Months Ended

3 Months Ended

In Thousands, unless otherwise specified

Nov. 02, 2013

Oct. 27, 2012

Aug. 03, 2013

4-May-13

Nov. 02, 2013

Aug. 03, 2013

4-May-13

Feb. 02, 2013

Nov. 02, 2013

Aug. 03, 2013

4-May-13

Nov. 02, 2013

Aug. 03, 2013

4-May-13

Nov. 02, 2013

Aug. 03, 2013

4-May-13

J.Crew Brand Name

J.Crew Brand Name

J.Crew Brand Name

J.Crew Brand Name

Loyalty Program and Customer Lists

Loyalty Program and Customer Lists

Loyalty Program and Customer Lists

Favorable Lease Commitments

Favorable Lease Commitments

Favorable Lease Commitments

Madewell Brand Name

Madewell Brand Name

Madewell Brand Name

Intangible Assets Goodwill [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beginning balance

'

'

'

'

$885,300

$885,300

$885,300

$885,300

$13,433

$14,733

$16,075

$30,646

$32,748

$35,104

$72,092

$73,117

$74,142

Amortization expense

-7,017

-7,354

'

'

'

'

'

'

-1,300

-1,300

-1,342

-2,034

-2,102

-2,356

-1,025

-1,025

-1,025

Ending balance

'

'

'

'

885,300

885,300

885,300

885,300

12,133

13,433

14,733

28,612

30,646

32,748

71,067

72,092

73,117

Total accumulated amortization

'

'

'

'

'

'

'

'

-14,877

'

'

-32,398

'

'

-10,933

'

'

Beginning balance, Goodwill

1,686,915

'

1,686,915

1,686,915

'

'

'

'

'

'

'

'

'

'

'

'

'

Ending balance, Goodwill

$1,686,915

'

$1,686,915

$1,686,915

'

'

'

'

'

'

'

'

'

'

'

'

'

ShareBased_Compensation_Additi

Share-Based Compensation - Additional Information (Detail) (USD $)	9 Months Ended
	Nov. 02, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Equity awards options granted	10,467,750
Options without exercise conditions	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Equity awards options granted	5,170,500
Stock options weighted average exercise price	1.1
Options without exercise conditions | Maximum	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Stock option plans expiration period	'7 years
Options exercisable when certain owners receive a specified level of cash proceeds from sale of initial investment	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Equity awards options granted	5,260,500
Stock options weighted average exercise price	1.1
Options exercisable when certain owners receive a specified level of cash proceeds from sale of initial investment | Maximum	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Stock option plans expiration period	'10 years
Time-based awards	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Weighted average grant-date fair value of time-base awards	0.49
Management	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Equity awards options granted	10,431,000

ShareBased_Compensation_Record

Share-Based Compensation Recorded in Statements of Operations (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]	'	'
Share-based compensation	$4,359	$3,213

Shares_Available_for_Grants_as

Shares Available for Grants as Stock Options or Other Share-Based Awards (Detail)	9 Months Ended
	Nov. 02, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Available for grant at February 2, 2013	24,790,408
Granted	-10,467,750
Forfeited and available for reissuance	2,192,400
Available for grant at November 2, 2013	16,515,058

LongTerm_Debt_Detail

Long-Term Debt (Detail) (USD $)	Nov. 02, 2013	Feb. 04, 2013	Feb. 02, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'	'
Less: current portion of Term Loan	($12,000)	'	($12,000)
Long-term debt	1,558,000	'	1,567,000
Term Loan	'	'	'
Debt Instrument [Line Items]	'	'	'
Long-term debt	1,170,000	1,179,000	1,179,000
Senior Unsecured Notes	'	'	'
Debt Instrument [Line Items]	'	'	'
Long-term debt	400,000	'	400,000
Abl Credit Facility	'	'	'
Debt Instrument [Line Items]	'	'	'
Borrowings under ABL Facility	'	'	'

LongTerm_Debt_and_Credit_Agree2

Long-Term Debt and Credit Agreements - Additional Information (Detail) (USD $)

Mar. 07, 2011

Feb. 04, 2013

Mar. 07, 2011

Nov. 02, 2013

Feb. 02, 2013

Feb. 04, 2013

Feb. 04, 2013

Feb. 04, 2013

Dec. 18, 2012

Feb. 04, 2013

Feb. 04, 2013

Mar. 07, 2011

Nov. 02, 2013

Mar. 07, 2011

Nov. 02, 2013

Term Loan

Term Loan

Term Loan

Term Loan

Term Loan

Term Loan

Term Loan

Term Loan

Term Loan

Term Loan

ABL Facility

ABL Facility

Senior Unsecured Notes

Documentary Letters of Credit

Federal Funds Effective Rate

Libor Borrowings

Base Rate Borrowings

Maximum

Maximum

Minimum

Libor Borrowings

Libor Borrowings

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit facility, borrowing capacity

'

'

$1,200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Debt maturity period

'

'

'7 years

'

'

'

'

'

'

'

'

'5 years

'

'

'

Debt maturity year

'

'

'2018

'

'

'

'

'

'

'

'

'

'

'2019

'

Line of credit facility borrowing capacity

1,450,000,000

'

'

'

'

'

'

'

'

'

'

250,000,000

'

400,000,000

35,000,000

Debt interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

8.13%

'

Term loan facility, amount of one-time dividend which could be paid to Holdings

'

'

'

'

'

'

'

'

200,000,000

'

'

'

'

'

'

Long-term debt

'

1,179,000,000

'

1,170,000,000

1,179,000,000

'

'

'

'

'

'

'

'

'

'

Interest rate margin

'

'

'

'

'

0.50%

1.00%

2.00%

'

3.00%

1.00%

'

'

'

'

Percentage reduction in interest rate

'

0.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, quarterly principal payments, percentage

'

0.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, quarterly principal payments

'

3,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument maturity date

'

7-Mar-18

'

'

'

'

'

'

'

'

'

'

11-Oct-17

'

'

Interest rate

'

'

'

4.00%

'

'

'

'

'

'

'

'

'

'

'

Average short-term borrowings under the ABL Facility

'

'

'

'

'

'

'

'

'

'

'

'

3,300,000

'

'

Outstanding stand-by letters of credit

'

'

'

'

'

'

'

'

'

'

'

'

5,700,000

'

15,900,000

Letters of credit, remaining borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

$244,300,000

'

$19,100,000

Interest_Expense_Detail

Interest Expense (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Debt Instrument [Line Items]	'	'	'	'
Interest expense, net of interest income	$26,467	$24,089	$78,386	$74,860
Term Loan	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Interest expense, net of interest income	'	'	36,935	42,796
Senior Unsecured Notes	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Interest expense, net of interest income	'	'	24,375	24,375
Realized hedging losses	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Interest expense, net of interest income	'	'	8,635	'
Amortization of deferred financing costs	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Interest expense, net of interest income	'	'	7,455	7,201
Other, net of interest income	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Interest expense, net of interest income	'	'	$986	$488

Derivative_Financial_Instrumen1

Derivative Financial Instruments - Additional Information (Detail) (USD $)	9 Months Ended		1 Months Ended
	Nov. 02, 2013	Feb. 02, 2013	Apr. 30, 2011
			Interest Rate Swap
Derivative [Line Items]	'	'	'
Aggregate notional amount of interest rate derivative	'	'	$600,000,000
Derivative instrument reduction in notional amount	'	'	100,000,000
Interest rate derivative, fixed interest rate	'	'	3.56%
Interest rate derivative, expiration date	'	'	'2016-03
Realized hedging losses	8,635,000	'	'
Reclassification of unrealized losses, net of tax recorded in accumulated other comprehensive loss	8,000,000	'	'
Reclassification of unrealized losses recorded in accumulated other comprehensive loss	13,000,000	'	'
Fair value of interest rate swaps, recorded in other liabilities	$26,985,000	$33,266,000	'

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional information (Detail) (Fair Value, Inputs, Level 1, USD $)	Nov. 02, 2013	Feb. 02, 2013
In Millions, unless otherwise specified
Fair Value, Inputs, Level 1	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated fair value of debt	$1,601	$1,617

Impact_of_Impairment_of_Certai

Impact of Impairment of Certain Long-Lived Assets on Financial Condition and Results of Operations (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012
Impaired Long Lived Assets Held And Used [Line Items]	'	'
Carrying value of long-term assets written down to fair value	$673	$160
Impairment charge	$673	$160

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail)	9 Months Ended
	Nov. 02, 2013	Oct. 27, 2012
Income Taxes [Line Items]	'	'
U.S. statutory income tax rate	35.00%	35.00%
Effective tax rate	38.60%	37.50%

Subsequent_Event_Detail

Subsequent Event (Detail) (Subsequent Event, USD $)	1 Months Ended
In Millions, except Per Share data, unless otherwise specified	Nov. 04, 2013
Subsequent Event [Line Items]	'
Net proceed from issuance of Notes	$490
Cash dividend to equity holders	484
Dividend equivalent compensation payments to cetain equity-award holders	6
Dividend per share	$0.53
Payment in Kind (PIK) Note	'
Subsequent Event [Line Items]	'
Debt instrument, face amount	500
Debt instrument maturity date	1-May-19
Cash interest rate	8.50%
Interest rate over cash interest rate in basis points	0.75%
Frequency of periodic interest payment term	'The PIK Notes pay interest semi-annually on May 1 and November 1 of each year.
Payment in Kind (PIK) Note | Minimum	'
Subsequent Event [Line Items]	'
Debt interest rate	7.75%
Payment in Kind (PIK) Note | Maximum	'
Subsequent Event [Line Items]	'
Debt interest rate	8.50%
Payment in Kind (PIK) Note | Interest For First And Final Interest Periods	'
Subsequent Event [Line Items]	'
Cash interest rate	7.75%
Payment in Kind (PIK) Note | If interest is paid in cash	'
Subsequent Event [Line Items]	'
Semi-annual interest payments	19
Interest payments through maturity	$213