J Crew (JCG) 10-Q 4 Jun 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	2-May-15	29-May-15
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	2-May-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	JCG
Entity Registrant Name	J CREW GROUP INC
Entity Central Index Key	1051251
Current Fiscal Year End Date	-29
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	2-May-15	Jan. 31, 2015
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$64,459	$111,097
Merchandise inventories	410,078	367,851
Prepaid expenses and other current assets	59,358	60,734
Prepaid income taxes	9,450
Deferred income taxes, net	20,659	19,280
Total current assets	564,004	558,962
Property and equipment, net	396,731	404,452
Deferred financing costs, net	21,906	22,883
Intangible assets, net	642,423	836,608
Goodwill	783,815	1,124,715
Other assets	4,465	3,993
Total assets	2,413,344	2,951,613
Current liabilities:
Accounts payable	255,728	244,367
Other current liabilities	154,770	155,697
Interest payable	5,564	5,408
Income taxes payable		3,192
Current portion of long-term debt	15,670	15,670
Total current liabilities	431,732	424,334
Long-term debt, net	1,529,131	1,532,769
Lease-related deferred credits, net	115,296	112,153
Deferred income taxes, net	261,522	323,767
Other liabilities	39,031	42,566
Total liabilities	2,376,712	2,435,589
Stockholders’ equity:
Additional paid-in capital	996,747	1,014,930
Accumulated other comprehensive loss	-8,851	-10,053
Accumulated deficit	-951,264	-488,853
Total stockholders’ equity	36,632	516,024
Total liabilities and stockholders’ equity	$2,413,344	$2,951,613

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	2-May-15	Jan. 31, 2015
Statement Of Financial Position [Abstract]
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 (Loss) (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Revenues:
Net sales	$570,583	$583,384
Other	11,221	8,585
Total revenues	581,804	591,969
Cost of goods sold, including buying and occupancy costs	365,281	363,718
Gross profit	216,523	228,251
Selling, general and administrative expenses	203,753	194,233
Impairment losses	533,362
Income (loss) from operations	-520,592	34,018
Interest expense, net of interest income	17,309	21,661
Loss on refinancing		58,786
Loss before income taxes	-537,901	-46,429
Benefit for income taxes	-75,490	-16,311
Net loss	-462,411	-30,118
Other comprehensive income (loss):
Reclassification of losses on cash flow hedges, net of tax, to earnings	12	13,652
Unrealized gains on cash flow hedges, net of tax	1,420
Foreign currency translation adjustments	-230	1,285
Comprehensive loss	($461,209)	($15,181)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $)	Total	Common stock	Additional paid-in capital	Retained earnings (accumulated deficit)	Accumulated other comprehensive loss
In Thousands, except Share data	USD ($)		USD ($)	USD ($)	USD ($)
Beginning Balance at Feb. 01, 2014	$1,190,420		$1,008,984	$196,620	($15,184)
Beginning Balance (in shares) at Feb. 01, 2014		1,000
Net loss	-657,773			-657,773
Share-based compensation	5,968		5,968
Excess tax benefit from share-based awards	8		8
Dividend and contribution to Parent	-27,730		-30	-27,700
Reclassification of losses on cash flow hedges, net of tax, to earnings	13,652				13,652
Unrealized gain (loss) on cash flow hedges, net of tax	-10,634				-10,634
Foreign currency translation adjustments	2,113				2,113
Ending Balance at Jan. 31, 2015	516,024		1,014,930	-488,853	-10,053
Ending Balance (in shares) at Jan. 31, 2015		1,000
Net loss	-462,411			-462,411
Share-based compensation	1,293		1,293
Dividend and contribution to Parent	-19,476		-19,476
Reclassification of losses on cash flow hedges, net of tax, to earnings	12				12
Unrealized gain (loss) on cash flow hedges, net of tax	1,420				1,420
Foreign currency translation adjustments	-230				-230
Ending Balance at May. 02, 2015	$36,632		$996,747	($951,264)	($8,851)
Ending Balance (in shares) at May. 02, 2015		1,000

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	2-May-15	Jan. 31, 2015
Statement Of Stockholders Equity [Abstract]
Unrealized loss on cash flow hedges, tax	$915	$6,799

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($462,411)	($30,118)
Adjustments to reconcile to cash flows from operating activities:
Impairment losses	533,362
Depreciation of property and equipment	25,100	21,653
Loss on refinancing		58,786
Amortization of intangible assets	3,880	3,894
Share-based compensation	1,293	1,602
Amortization of deferred financing costs	1,257	1,715
Foreign currency transaction losses (gains)	-1,330	824
Reclassification of hedging losses to earnings	12
Changes in operating assets and liabilities:
Merchandise inventories	-41,827	-41,507
Prepaid expenses and other current assets	1,485	3,818
Other assets	-474	-348
Accounts payable and other liabilities	10,272	-24,316
Federal and state income taxes	-75,542	-17,596
Net cash used in operating activities	-4,923	-21,593
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-18,476	-27,459
Net cash used in investing activities	-18,476	-27,459
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Term Loan Facility, net of discount		1,559,165
Repayment of former term loan		-1,167,000
Redemption of Senior Notes		-400,000
Costs paid in connection with refinancing of debt		-21,419
Dividend and contribution to Parent	-19,476	-19,073
Principal repayments of Term Loan Facility	-3,918
Net cash used in financing activities	-23,394	-48,327
Effect of changes in foreign exchange rates on cash and cash equivalents	155	113
Decrease in cash and cash equivalents	-46,638	-97,266
Beginning balance	111,097	156,649
Ending balance	64,459	59,383
Supplemental cash flow information:
Income taxes paid	252	1,394
Interest paid	$18,660	$35,782

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	2-May-15
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation
	J.Crew Group, Inc. and its wholly owned subsidiaries (the “Company” or “Group”) were 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 January 31, 2015.
	The Company’s fiscal year ends on the Saturday closest to January 31. All references to “fiscal 2015” represent the 52-week fiscal year that will end on January 30, 2016, and to “fiscal 2014” represent the 52-week fiscal year that ended January 31, 2015.
	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	3 Months Ended
	2-May-15
Related Party Transactions [Abstract]
Management Services Agreement	2. Management Services Agreement
	Pursuant to a management services agreement entered into in connection with the Acquisition, and in exchange for ongoing 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 $2.6 million and $2.5 million in the first quarter of fiscal 2015 and fiscal 2014, respectively, for monitoring fees and out-of-pocket expenses, included in selling, general and administrative expenses in the statements of operations and comprehensive income (loss).

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	2-May-15
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	3. Goodwill and Intangible Assets
	A summary of significant components of intangible assets is as follows:
		Loyalty Program				Favorable Lease			Madewell			Key Money			J.Crew
		and Customer Lists				Commitments			Trade Name						Trade Name
	Balance at January 31, 2015	$	5,633			$	20,009		$	65,942		$	4,724		$	740,300
	Amortization expense		(1,300	)			(1,440	)		(1,025	)		(115	)		—
	Impairment losses		—				—			—			—			(190,305	)
	Balance at May 2, 2015	$	4,333			$	18,569		$	64,917		$	4,609		$	549,995
	Total accumulated amortization at	$	(22,677	)		$	(42,441	)	$	(17,083	)	$	(207	)
	2-May-15
	A summary of goodwill is as follows:
			Goodwill
	Balance at January 31, 2015			1,124,715
	Impairment losses			(340,900	)
	Balance at May 2, 2015		$	783,815
	During the first quarter of fiscal 2015, the Company experienced a further significant reduction in the profitability of its J.Crew reporting unit, primarily driven by performance of women’s apparel and accessories, which the Company expects to continue at least through fiscal 2015. As a result of current and expected future operating results, the Company concluded that the carrying value of the J.Crew reporting unit exceeded its fair value and recorded an estimated non-cash goodwill impairment charge of $341 million.  There has been no deterioration of the excess of fair value over the carrying value of its Madewell reporting unit.  Additionally, the Company recorded a non-cash impairment charge of $190 million to write down the intangible asset related to the J.Crew trade name.
	After recording the non-cash goodwill charge of $341 million, the carrying value of goodwill is $676 million in the J.Crew reporting unit and $108 million in the Madewell reporting unit.  After recording the non-cash intangible asset charge of $190 million, the carrying value of the J.Crew trade name is $550 million.  In fiscal 2014, the Company recorded non-cash impairment charges of $562 million and $145 million to write down goodwill and the intangible asset related to the J.Crew trade name. If operating results continue to decline below the Company’s expectations, additional impairment charges may be recorded in the future.
	The impairment losses were the result of the write-down of the following assets:
		For the				For the
		Thirteen				Thirteen
		Weeks Ended May 2, 2015				Weeks Ended May 3, 2014
	Goodwill allocated to the J.Crew reporting unit	$	340,900			$	—
	Intangible asset related to the J.Crew trade name		190,305				—
	Store leasehold improvements (see note 7)		2,157				—
	Impairment losses	$	533,362			$	—
	Due to the complexity of the goodwill impairment analysis, which involves completion of fair value analyses that contemplate significant assumptions, the Company will finalize this goodwill impairment charge in the second quarter of fiscal 2015.

ShareBased_Compensation

Share-Based Compensation	3 Months Ended
	2-May-15
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	4. Share-Based Compensation
	Chinos Holdings, Inc. 2011 Equity Incentive Plan
	During the first quarter of fiscal 2015, the Parent granted 1,035,000 options to certain members of management, including (i) 1,000,000 options with a weighted average exercise price of $0.10 that become exercisable over a period of five years and (ii) 35,000 options with a weighted average exercise price of $0.10 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 quarter of fiscal 2015 was $0.05 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 the occurrence of the event is probable.
	A summary of share-based compensation recorded in the statements of operations and comprehensive income (loss) is as follows:
		For the			For the
		Thirteen			Thirteen
		Weeks Ended			Weeks Ended
		2-May-15			3-May-14
	Share-based compensation	$	1,293		$	1,602
	A summary of shares available for grant as stock options or other share-based awards is as follows:
		Shares
	Available for grant at January 31, 2015		13,623,070
	Granted		(1,035,000	)
	Forfeited and available for reissuance		4,491,000
	Available for grant at May 2, 2015		17,079,070

LongTerm_Debt_and_Credit_Agree

Long-Term Debt and Credit Agreements	3 Months Ended
	2-May-15
Debt Disclosure [Abstract]
Long-term Debt and Credit Agreements	5. Long-Term Debt and Credit Agreements
	A summary of the components of long-term debt is as follows:
		2-May-15			31-Jan-15
	Term Loan Facility (refinanced on March 5, 2014)	$	1,551,330		$	1,555,248
	Less current portion		(15,670	)		(15,670	)
	Less discount		(6,529	)		(6,809	)
	Long-term debt, net	$	1,529,131		$	1,532,769
	ABL Facility Loans	$	—		$	—
	ABL Facility
	The ABL Facility is governed by an asset-based credit agreement with Bank of America, N.A., as administrative agent and the other agents and lenders party thereto, that provides for a $300 million senior secured asset-based revolving line of credit (which may be increased by up to $75 million in certain circumstances), subject to a borrowing base limitation. The ABL Facility includes borrowing capacity in the form of letters of credit up to the entire amount of the facility, and up to $25 million in U.S. dollars for loans on same-day notice, referred to as swingline loans, and is available in U.S. dollars, Canadian dollars and Euros. On March 5, 2014, the ABL Facility was amended to, among other things, permit (i) the incurrence of additional secured indebtedness under the Term Loan Facility and (ii) the redemption in full of the Senior Notes. On December 10, 2014, the ABL Facility was further amended to among other things, (i) increase the revolving credit commitments from $250 million to $300 million, (ii) extend the maturity, and (iii) reduce the pricing on loans and letters of credit. Any amounts outstanding under the ABL Facility are due and payable in full on December 10, 2019.
	On May 2, 2015, outstanding standby letters of credit were $12.4 million, excess availability, as defined, was $287.6 million, and there were no borrowings outstanding. There were no average short term borrowings under the ABL Facility in the first quarter of fiscal 2015. Average short-term borrowings under the ABL Facility were $1.8 million in the first quarter of fiscal 2014.
	Demand Letter of Credit Facility
	The Company has unsecured, demand letter of credit facilities with HSBC and Bank of America which provide for the issuance of up to $50 million and $20 million, respectively, of documentary letters of credit on a no fee basis. On May 2, 2015, outstanding documentary letters of credit were $11.3 million and availability was $58.7 million in the aggregate under these facilities
	Term Loan Facility
	On March 5, 2014, the Company refinanced its Term Loan Facility, the proceeds of which were used to (i) refinance amounts outstanding under the former term loan facility of $1,167 million and (ii) together with cash on hand, redeem in full outstanding Senior Notes of $400 million, and to pay fees, call premiums and accrued interest to the date of redemption, pursuant to the Senior Notes Indenture. The maturity date of the Term Loan Facility is March 5, 2021.
	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%.
	The Company is required to make principal repayments equal to 0.25% of the original principal amount of the Term Loan Facility, or $3.9 million, on the last business day of January, April, July, and October. The Company is also required to repay the term loan based on an annual calculation of excess cash flow, as defined in the agreement.
	The interest rate on the $1,551 million outstanding under the Term Loan Facility was 4.00% on May 2, 2015. The applicable margin in effect for base rate borrowings was 2.00% and the LIBOR Floor and applicable margin with respect to LIBOR borrowings were 1.00% and 3.00%, respectively, at May 2, 2015.
	Interest expense
	A summary of the components of interest expense is as follows:
		For the			For the
		Thirteen			Thirteen
		Weeks Ended			Weeks Ended
		2-May-15			3-May-14
	Term Loan Facility	$	15,724		$	14,466
	Senior Notes (redeemed on March 5, 2014)		—			5,314
	Amortization of deferred financing costs and debt discount		1,257			1,715
	Hedging losses		12			—
	Other interest, net of interest income		316			166
	Interest expense, net	$	17,309		$	21,661
	Loss on refinancing
	A summary of the components of the loss on refinancing is as follows:
		For the
		Thirteen
		Weeks Ended
		3-May-14
	Prior unrealized losses on cash flow hedge (see note 6)	$	22,380
	Call premium on Senior Notes (redeemed on March 5, 2014)		16,252
	Write-off of deferred financing costs		15,623
	Other financing costs		4,531
	Loss on refinancing	$	58,786
	Additionally, in connection with the refinancing, the Company paid costs of $8.5 million, of which $7.8 million were recorded as debt discount.

Derivative_Financial_Instrumen

Derivative Financial Instruments	3 Months Ended
	2-May-15
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	6. Derivative Financial Instruments
	August 2014 Interest Rate Caps and Swaps
	In August 2014, the Company entered into new interest rate cap and swap agreements, which together with the existing interest rate swaps, limit exposure to interest rate increases on a portion of the Company’s floating rate indebtedness. The interest rate cap agreements cover notional amounts of $400 million and cap LIBOR at 2.00% from March 2015 to March 2016. The interest rate swap agreements cover a notional amount of $800 million from March 2016 to March 2019 and carry a fixed rate of 2.56% plus the applicable margin.
	The Company designated the interest rate cap and swap agreements as cash flow hedges. As cash flow hedges, unrealized gains will be recognized as assets while unrealized losses will be recognized as liabilities. The effective portion of such gains or losses will be 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.
	April 2011 Interest Rate Swaps
	In April 2011, the Company entered into floating-to-fixed interest rate swap agreements effective in March 2013 for an aggregate notional amount of $600 million, which reduces by $100 million annually for the term of the agreements. As of May 2, 2015, the Company had interest rate swaps covering a notional amount of $400 million. These instruments limit exposure to interest rate increases on a portion of the Company’s floating rate indebtedness through the expiration of the agreements in March 2016. Under the terms of these agreements, the Company’s effective fixed interest rate on the notional amount of indebtedness is 3.56% plus the applicable margin.
	Fair Value
	Prior to the refinancing of the Term Loan Facility, on March 5, 2014, the Company designated the April 2011 interest rate swap agreements as cash flow hedges, and recorded the effective portion of unrealized gains or losses as a component of accumulated other comprehensive income or loss. However, the refinancing resulted in the discontinuance of the designation of the April 2011 interest rate swaps as a cash flow hedge. As a result, prior unrealized losses of $22 million were reclassified to earnings in the first quarter of fiscal 2014 as a component of the loss on refinancing. Unrealized gains and losses of $0.5 million were recorded as interest expense.
	The fair values of the interest rate cap and swap agreements are estimated using industry standard valuation models using market-based observable inputs, including interest rate curves (level 2 inputs). A summary of the recorded assets (liabilities) included in the condensed consolidated balance sheet is as follows:
		2-May-15			3-May-14
	Interest rate caps (included in other assets)	$	2		$	—
	Interest rate swaps (included in other liabilities)	$	(24,280	)	$	(20,425	)

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	2-May-15
Fair Value Disclosures [Abstract]
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 $1,451 million and $1,411 million at May 2, 2015 and January 31, 2015 based on quoted market prices of the debt (level 1 inputs).
	The Company’s interest rate cap and swap agreements 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
	Certain non-financial assets, including goodwill, the intangible asset for the J.Crew trade name, and certain store leasehold improvements have been written down and measured in the financial statements at fair value. The Company does not have any other non-financial assets or liabilities as of May 2, 2015 or January 31, 2015 that are measured in the financial statements at fair value.
	The Company assesses the recoverability of goodwill and intangible assets whenever there are indicators of impairment, or at least annually in the fourth quarter. If the recorded carrying value of an intangible asset exceeds its fair value, the Company records a charge to write down the intangible asset to its fair value. Impairment charges of goodwill are based on fair value measurements derived using a combination of an income approach, specifically the discounted cash flow, a market approach, and a transaction approach. Impairment charges of intangible assets are based on fair value measurements derived using an income approach, specifically relief from royalty method; a revenue and royalty rate approach. The valuation methodologies incorporate unobservable inputs reflecting significant estimates and assumptions made by management (level 3 inputs). During fiscal 2014 and the first quarter of fiscal 2015, the Company recorded goodwill and intangible asset impairment charges. For more information, see note 3.
	The Company performs impairment tests of 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.

Income_Taxes

Income Taxes	3 Months Ended
	2-May-15
Income Tax Disclosure [Abstract]
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.
	The federal tax returns for the periods ended January 2012 and January 2013 are 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 2009 to 2013. The results of these audits and appeals are not expected to have a significant effect on the results of operations or financial position.
	The difference between the U.S. statutory income tax rate of 35% and the effective tax rate for the thirteen weeks ended May 2, 2015 of 14% is primarily driven by the non-cash impairment charge related to the write off of goodwill, which is not tax deductible, and therefore has no tax benefit. Other items impacting the effective rate include state and local income taxes and the recognition of certain foreign valuation allowances. The parity between the U.S. statutory income tax rate of 35% and the effective tax rate for the thirteen weeks ended May 3, 2014 of 35% is primarily driven by state and local income taxes offset by benefits from international operations.
	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	3 Months Ended
	2-May-15
Commitments And Contingencies Disclosure [Abstract]
Legal Proceedings	9. Legal Proceedings
	The Company is 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.

Related_Party_Transaction

Related Party Transaction	3 Months Ended
	2-May-15
Related Party Transactions [Abstract]
Related Party Transaction	10. Related Party Transaction
	On November 4, 2013, 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 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, and therefore are not recorded in the financial statements of the Company. The Company paid a dividend of $19 million to the Issuer in the first quarter to fund the semi-annual interest payment on May 1, 2015. Additionally, while not required, the Company intends to pay dividends to fund future interest payments, which would aggregate to $155 million through the remainder of the term if all interest on the PIK Notes is paid in cash.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	2-May-15
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	11. Recent Accounting Pronouncements
	In May 2014, a pronouncement was issued that clarified the principles of revenue recognition, which standardizes a comprehensive model for recognizing revenue arising from contracts with customers. In April 2015, the FASB proposed deferring the effective date of the pronouncement to fiscal years beginning after December 15, 2017. The Company is currently evaluating the impact of the new pronouncement on our condensed consolidated financial statements.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	3 Months Ended
	2-May-15
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Goodwill and Intangible Assets	Certain non-financial assets, including goodwill, the intangible asset for the J.Crew trade name, and certain store leasehold improvements have been written down and measured in the financial statements at fair value. The Company does not have any other non-financial assets or liabilities as of May 2, 2015 or January 31, 2015 that are measured in the financial statements at fair value.
	The Company assesses the recoverability of goodwill and intangible assets whenever there are indicators of impairment, or at least annually in the fourth quarter. If the recorded carrying value of an intangible asset exceeds its fair value, the Company records a charge to write down the intangible asset to its fair value. Impairment charges of goodwill are based on fair value measurements derived using a combination of an income approach, specifically the discounted cash flow, a market approach, and a transaction approach. Impairment charges of intangible assets are based on fair value measurements derived using an income approach, specifically relief from royalty method; a revenue and royalty rate approach. The valuation methodologies incorporate unobservable inputs reflecting significant estimates and assumptions made by management (level 3 inputs). During fiscal 2014 and the first quarter of fiscal 2015, the Company recorded goodwill and intangible asset impairment charges. For more information, see note 3.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	The Company performs impairment tests of 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.

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	3 Months Ended
	2-May-15
Goodwill And Intangible Assets Disclosure [Abstract]
Significant Components of Intangible Assets and Goodwill	A summary of significant components of intangible assets is as follows:
		Loyalty Program				Favorable Lease			Madewell			Key Money			J.Crew
		and Customer Lists				Commitments			Trade Name						Trade Name
	Balance at January 31, 2015	$	5,633			$	20,009		$	65,942		$	4,724		$	740,300
	Amortization expense		(1,300	)			(1,440	)		(1,025	)		(115	)		—
	Impairment losses		—				—			—			—			(190,305	)
	Balance at May 2, 2015	$	4,333			$	18,569		$	64,917		$	4,609		$	549,995
	Total accumulated amortization at	$	(22,677	)		$	(42,441	)	$	(17,083	)	$	(207	)
	2-May-15
	A summary of goodwill is as follows:
			Goodwill
	Balance at January 31, 2015			1,124,715
	Impairment losses			(340,900	)
	Balance at May 2, 2015		$	783,815
Summary of Impairment Losses	The impairment losses were the result of the write-down of the following assets:
		For the				For the
		Thirteen				Thirteen
		Weeks Ended May 2, 2015				Weeks Ended May 3, 2014
	Goodwill allocated to the J.Crew reporting unit	$	340,900			$	—
	Intangible asset related to the J.Crew trade name		190,305				—
	Store leasehold improvements (see note 7)		2,157				—
	Impairment losses	$	533,362			$	—

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	3 Months Ended
	2-May-15
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation Recorded in Statements of Operations	A summary of share-based compensation recorded in the statements of operations and comprehensive income (loss) is as follows:
		For the			For the
		Thirteen			Thirteen
		Weeks Ended			Weeks Ended
		2-May-15			3-May-14
	Share-based compensation	$	1,293		$	1,602
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 January 31, 2015		13,623,070
	Granted		(1,035,000	)
	Forfeited and available for reissuance		4,491,000
	Available for grant at May 2, 2015		17,079,070

LongTerm_Debt_and_Credit_Agree1

Long-Term Debt and Credit Agreements (Tables)	3 Months Ended
	2-May-15
Debt Disclosure [Abstract]
Long-Term Debt	A summary of the components of long-term debt is as follows:
		2-May-15			31-Jan-15
	Term Loan Facility (refinanced on March 5, 2014)	$	1,551,330		$	1,555,248
	Less current portion		(15,670	)		(15,670	)
	Less discount		(6,529	)		(6,809	)
	Long-term debt, net	$	1,529,131		$	1,532,769
	ABL Facility Loans	$	—		$	—
Interest Expense	A summary of the components of interest expense is as follows:
		For the			For the
		Thirteen			Thirteen
		Weeks Ended			Weeks Ended
		2-May-15			3-May-14
	Term Loan Facility	$	15,724		$	14,466
	Senior Notes (redeemed on March 5, 2014)		—			5,314
	Amortization of deferred financing costs and debt discount		1,257			1,715
	Hedging losses		12			—
	Other interest, net of interest income		316			166
	Interest expense, net	$	17,309		$	21,661
Summary of Components of Loss on Refinancing	A summary of the components of the loss on refinancing is as follows:
		For the
		Thirteen
		Weeks Ended
		3-May-14
	Prior unrealized losses on cash flow hedge (see note 6)	$	22,380
	Call premium on Senior Notes (redeemed on March 5, 2014)		16,252
	Write-off of deferred financing costs		15,623
	Other financing costs		4,531
	Loss on refinancing	$	58,786

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	3 Months Ended
	2-May-15
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Recorded Amounts Included in Condensed Consolidated Balance Sheet	A summary of the recorded assets (liabilities) included in the condensed consolidated balance sheet is as follows:
		2-May-15			3-May-14
	Interest rate caps (included in other assets)	$	2		$	—
	Interest rate swaps (included in other liabilities)	$	(24,280	)	$	(20,425	)

Management_Services_Agreement_

Management Services Agreement - Additional Information (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	2-May-15	Jan. 31, 2015
Related Party Transaction [Line Items]
Sponsor fees, description	Pursuant to a management services agreement entered into in connection with the Acquisition, and in exchange for ongoing 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.
Selling, General and Administrative Expenses
Related Party Transaction [Line Items]
Monitoring fees, included in selling, general and administrative expenses	$2.60	$2.50
Management Revenue Scenario One
Related Party Transaction [Line Items]
Consolidation annual revenue in basis points	0.40%
Management Revenue Scenario Two
Related Party Transaction [Line Items]
Annual monitoring fee	$8

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets - Significant Components of Intangible Assets and Goodwill (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14	Jan. 31, 2015
Intangible Assets Goodwill [Line Items]
Beginning balance	$836,608
Amortization expense	-3,880	-3,894
Ending balance	642,423
Goodwill, Beginning balance	1,124,715
Impairment losses	-340,900
Goodwill, Ending balance	783,815
Loyalty Program And Customer Lists
Intangible Assets Goodwill [Line Items]
Beginning balance	5,633
Amortization expense	-1,300
Ending balance	4,333
Total accumulated amortization	-22,677
Favorable Lease Commitments
Intangible Assets Goodwill [Line Items]
Beginning balance	20,009
Amortization expense	-1,440
Ending balance	18,569
Total accumulated amortization	-42,441
Madewell Trade Name
Intangible Assets Goodwill [Line Items]
Beginning balance	65,942
Amortization expense	-1,025
Ending balance	64,917
Total accumulated amortization	-17,083
Key Money
Intangible Assets Goodwill [Line Items]
Beginning balance	4,724
Amortization expense	-115
Ending balance	4,609
Total accumulated amortization	-207
J.Crew Trade Name
Intangible Assets Goodwill [Line Items]
Beginning balance	740,300
Impairment losses, intangible	-190,305		-145,000
Ending balance	549,995		740,300
Impairment losses	($340,900)		($562,000)

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets - Additional Information (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	2-May-15	Jan. 31, 2015
Intangible Assets Goodwill [Line Items]
Impairment losses, goodwill	$340,900
Goodwill	783,815	1,124,715
Intangible assets, net	642,423	836,608
J.Crew Trade Name
Intangible Assets Goodwill [Line Items]
Impairment losses, goodwill	340,900	562,000
Intangible asset impairment charge	190,305	145,000
Intangible assets, net	549,995	740,300
J.Crew Reporting Units
Intangible Assets Goodwill [Line Items]
Impairment losses, goodwill	340,900
Goodwill	676,000
Madewell Reporting Units
Intangible Assets Goodwill [Line Items]
Goodwill	$108,000

Goodwill_and_Intangible_Assets4

Goodwill and Intangible Assets - Summary of Impairment Losses (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	2-May-15	Jan. 31, 2015
Intangible Assets Goodwill [Line Items]
Impairment losses, goodwill	$340,900
Impairment losses	533,362
J.Crew Reporting Units
Intangible Assets Goodwill [Line Items]
Impairment losses, goodwill	340,900
J.Crew Trade Name
Intangible Assets Goodwill [Line Items]
Impairment losses, goodwill	340,900	562,000
Impairment losses, intangible	190,305	145,000
Store Leasehold Improvements
Intangible Assets Goodwill [Line Items]
Store leasehold improvements	$2,157

ShareBased_Compensation_Additi

Share-Based Compensation - Additional Information (Details) (Chinos Holdings, Inc. 2011 Equity Incentive Plan, USD $)	3 Months Ended
	2-May-15
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Equity incentive plan, shares authorized	1,035,000
Options With a Weighted Average Exercise Price of $0.54
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Equity awards options granted	1,000,000
Options granted, exercise price	$0.10
Options With a Weighted Average Exercise Price of $0.52
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Equity awards options granted	35,000
Options granted, exercise price	$0.10
Time-based awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value, options	$0.05
Maximum | Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock option plans, period to exercise	5 years
Stock option plans expiration period	10 years

ShareBased_Compensation_ShareB

Share-Based Compensation - Share-Based Compensation Recorded in Statements of Operations (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-based compensation	$1,293	$1,602

ShareBased_Compensation_Shares

Share-Based Compensation - Shares Available for Grants as Stock Options or Other Share-Based Awards (Details)	3 Months Ended
	2-May-15
Disclosure Shares Available For Grants As Stock Options Or Other Share Based Awards [Abstract]
Available for grant beginning balance	13,623,070
Granted	-1,035,000
Forfeited and available for reissuance	4,491,000
Available for grant ending balance	17,079,070

LongTerm_Debt_and_Credit_Agree2

Long-Term Debt and Credit Agreements - Long-Term Debt (Details) (USD $)	2-May-15	Jan. 31, 2015	Mar. 05, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Less current portion	($15,670)	($15,670)
Long-term debt, net	1,529,131	1,532,769
Term Loan Facility
Debt Instrument [Line Items]
Term Loan Facility (refinanced on March 5, 2014)	1,551,330	1,555,248	1,167,000
Less current portion	-15,670	-15,670
Less discount	($6,529)	($6,809)

LongTerm_Debt_and_Credit_Agree3

Long-Term Debt and Credit Agreements - Additional Information (Details) (USD $)	3 Months Ended	0 Months Ended	3 Months Ended
	3-May-14	Mar. 05, 2014	2-May-15	Jan. 31, 2015	Dec. 10, 2014
Debt Instrument [Line Items]
Senior notes, redeem in full	$400,000,000
Deferred financing costs, net			21,906,000	22,883,000
Term Loan Facility
Debt Instrument [Line Items]
Term Loan Facility (refinanced on March 5, 2014)		1,167,000,000	1,551,330,000	1,555,248,000
Senior notes, redeem in full		400,000,000
Debt, maturity date		5-Mar-21
Debt, quarterly principal payments			3,900,000
Interest rate			4.00%
Deferred financing costs, net			8,500,000
Debt, discount			7,800,000
Term Loan Facility | LIBOR Borrowings Based on Group's average historical excess availability
Debt Instrument [Line Items]
Interest rate margin			1.00%
Term Loan Facility | Base Rate Borrowings
Debt Instrument [Line Items]
Interest rate margin			2.00%
Term Loan Facility | Federal Funds Effective Rate
Debt Instrument [Line Items]
Interest rate margin			0.50%
ABL Credit Facility
Debt Instrument [Line Items]
Line of credit facility borrowing capacity			300,000,000
Credit facility, additional borrowing capacity			75,000,000
Line of credit facility, expiration date			10-Dec-19
Outstanding stand-by letters of credit			12,400,000
Letters of credit, remaining borrowing capacity			287,600,000
Outstanding borrowings			0
Average short-term borrowings under the ABL Facility	1,800,000		0
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.25%
ABL Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Line of credit facility borrowing capacity			25,000,000
Documentary Letters Of Credit
Debt Instrument [Line Items]
Outstanding stand-by letters of credit			11,300,000
Letters of credit, remaining borrowing capacity			58,700,000
Documentary Letters Of Credit | HSBC
Debt Instrument [Line Items]
Line of credit facility borrowing capacity			50,000,000
Documentary Letters Of Credit | Bank of America
Debt Instrument [Line Items]
Line of credit facility borrowing capacity			20,000,000
Minimum
Debt Instrument [Line Items]
Line of credit facility borrowing capacity					250,000,000
Minimum | Term Loan Facility | LIBOR Borrowings Based on Group's average historical excess availability
Debt Instrument [Line Items]
Interest rate margin			1.00%
Maximum
Debt Instrument [Line Items]
Line of credit facility borrowing capacity					$300,000,000
Maximum | Term Loan Facility | LIBOR Borrowings Based on Group's average historical excess availability
Debt Instrument [Line Items]
Interest rate margin			3.00%

LongTerm_Debt_and_Credit_Agree4

Long-Term Debt and Credit Agreements - Interest Expense (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Debt Instrument [Line Items]
Interest expense, net of interest income	$17,309	$21,661
Term Loan Facility
Debt Instrument [Line Items]
Interest expense, net of interest income	15,724	14,466
Senior Notes
Debt Instrument [Line Items]
Interest expense, net of interest income		5,314
Hedging losses
Debt Instrument [Line Items]
Interest expense, net of interest income	12
Amortization of deferred financing costs and debt discount
Debt Instrument [Line Items]
Interest expense, net of interest income	1,257	1,715
Other interest, net of interest income
Debt Instrument [Line Items]
Interest expense, net of interest income	$316	$166

LongTerm_Debt_and_Credit_Agree5

Long-Term Debt and Credit Agreements - Summary of Components of Loss on Refinancing (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	3-May-14
Debt Disclosure [Abstract]
Prior unrealized losses on cash flow hedge (see note 6)	$22,380
Call premium on Senior Notes (redeemed on March 5, 2014)	16,252
Write-off of deferred financing costs	15,623
Other financing costs	4,531
Loss on refinancing	$58,786

Derivative_Financial_Instrumen2

Derivative Financial Instruments - Additional Information (Details) (USD $)	3 Months Ended	1 Months Ended
	3-May-14	Apr. 30, 2011	2-May-15	Aug. 31, 2014
Derivative [Line Items]
Reclassification of unrealized losses, net of tax recorded in accumulated other comprehensive loss	$22,380,000
Interest Rate Swap
Derivative [Line Items]
Aggregate notional amount of interest rate derivative		600,000,000	400,000,000
Interest rate derivative, fixed interest rate		3.56%
Interest rate derivative, expiration date		31-Mar-16
Derivative instrument reduction in notional amount		100,000,000
Interest expense	500,000
Interest Rate Caps And Swaps March 2015 To March 2016
Derivative [Line Items]
Aggregate notional amount of interest rate derivative				400,000,000
Interest Rate Caps And Swaps March 2015 To March 2016 | LIBOR Borrowings Based on Group's average historical excess availability
Derivative [Line Items]
Interest rate cap agreements, cap LIBOR				2.00%
Interest Rate Cap And Swap March2016 To March2019
Derivative [Line Items]
Aggregate notional amount of interest rate derivative				$800,000,000
Interest Rate Cap And Swap March2016 To March2019 | Interest Rate Swap
Derivative [Line Items]
Interest rate derivative, fixed interest rate				2.56%

Derivative_Financial_Instrumen3

Derivative Financial Instruments - Recorded Amounts Included in Condensed Consolidated Balance Sheet (Details) (USD $)	2-May-15	3-May-14
In Thousands, unless otherwise specified
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate caps (included in other assets)	$2
Other Liabilities | Interest Rate Swap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swaps (included in other liabilities)	($24,280)	($20,425)

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional information (Details) (Fair Value, Inputs, Level 1, USD $)	2-May-15	Jan. 31, 2015
In Millions, unless otherwise specified
Fair Value, Inputs, Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Estimated fair value of debt	$1,451	$1,411

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Details)	3 Months Ended
	2-May-15	3-May-14
Income Tax Disclosure [Abstract]
U.S. statutory income tax rate	35.00%	35.00%
Effective tax rate	14.00%	35.00%

Related_Party_Transaction_Addi

Related Party Transaction - Additional Information (Details) (Chinos Intermediate Holdings A Inc, Payment in Kind (PIK) Note, USD $)	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Nov. 04, 2013	2-May-15
Related Party Transaction [Line Items]
Principal amount of notes issued	$500
Debt, maturity date	1-May-19
Dividends payable, nature		Issuer in the first quarter to fund the semi-annual interest payment on May 1, 2015
Dividend paid		19
Interest payments through maturity		$155
Minimum
Related Party Transaction [Line Items]
Debt, interest rate	7.75%
Maximum
Related Party Transaction [Line Items]
Debt, interest rate	8.50%