Segment Information (Details) $ in Millions | 3 Months Ended | 9 Months Ended | 12 Months Ended |
May 04, 2019USD ($) | Apr. 28, 2018USD ($) | May 04, 2019USD ($)segment | Apr. 28, 2018USD ($) | Aug. 04, 2018USD ($) |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Number of operating segments | segment | | | | | | 4 | | | | |
Net sales | | $ 1,265.7 | [1],[2] | $ 1,266.7 | [1],[2] | $ 4,039.2 | [1],[2] | $ 4,046.9 | [1],[2] | $ 5,600 |
Total operating (loss) | [1],[2] | (249) | | (48.5) | | (326.9) | | (120.1) | | |
Unallocated acquisition and integration expenses | [1],[2] | 0 | | 0 | | 0 | | (5.4) | | |
Unallocated restructuring and other related charges | [1],[2],[3] | (7.1) | | (18.1) | | (29.1) | | (58.9) | | |
Impairment of goodwill | [1],[2] | (115.1) | | 0 | | (115.1) | [4] | 0 | | |
Unallocated impairment of other intangible assets | [1],[2] | (25) | | 0 | | (25) | | 0 | | |
Total depreciation and amortization expense | | 71.6 | | 77.2 | | 221.5 | | 240.1 | | |
Overhead expenses | | 27 | | 22 | | 77 | | 67 | | |
Impairment of retail store assets | | | | | | 37.4 | | 41.9 | | |
Total restructuring and other related charges | | 7.1 | | 18.1 | | 29.1 | | 58.9 | | |
Premium Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Impairment of goodwill | [5] | | | | | 0 | | | | |
Plus Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Impairment of goodwill | [6] | | | | | (115.1) | | | | |
Impairment of retail store assets | | 16.3 | | | | 16.3 | | | | |
Kids Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Impairment of goodwill | | | | | | 0 | | | | |
Value Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Impairment of retail store assets | | 15.6 | | | | 15.6 | | | | |
Operating Segments | Premium Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Net sales | [1],[2] | 549.5 | | 532.7 | | 1,784.4 | | 1,697.4 | | |
Total operating (loss) | [1],[2] | (5.6) | | 22.5 | | 44.8 | | 50 | | |
Total depreciation and amortization expense | [1] | 29.8 | | 32.7 | | 93.9 | | 100.1 | | |
Operating Segments | Plus Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Net sales | [1],[2] | 311.5 | | 312.8 | | 902.7 | | 957.5 | | |
Total operating (loss) | [1],[2] | (27.7) | | 7.2 | | (72.8) | | (5.1) | | |
Total depreciation and amortization expense | [1] | 16 | | 16.4 | | 48.6 | | 50.8 | | |
Operating Segments | Kids Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Net sales | [1],[2] | 227.4 | | 233.8 | | 820.1 | | 822.5 | | |
Total operating (loss) | [1],[2] | (25.4) | | (5.1) | | (25.9) | | 20.4 | | |
Total depreciation and amortization expense | [1] | 15.5 | | 15.6 | | 47.5 | | 49.2 | | |
Operating Segments | Value Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Net sales | [1],[2] | 177.3 | | 187.4 | | 532 | | 569.5 | | |
Total operating (loss) | [1],[2] | (43.1) | | (55) | | (103.8) | | (121.1) | | |
Total depreciation and amortization expense | [1] | 10.3 | | 12.5 | | 31.5 | | 40 | | |
Change for Growth Program | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Unallocated restructuring and other related charges | | (7.1) | | (18.1) | | (29.1) | | (58.9) | | |
Impairment of retail store assets | | | | 5.6 | | | | 10.4 | | |
Cash-related restructuring charges | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Unallocated restructuring and other related charges | [7] | (7.1) | | (12.5) | | (29.1) | | (49.6) | | |
Total severance and benefit costs | [7] | 0 | | (0.6) | | 0.4 | | 6.4 | | |
Total professional fees and other related charges | [7] | 7.1 | | 13.1 | | 28.7 | | 43.2 | | |
Cash-related restructuring charges | Operating Segments | Premium Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total professional fees and other related charges | [7] | 0 | | 0 | | 0 | | 0 | | |
Cash-related restructuring charges | Operating Segments | Plus Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total professional fees and other related charges | [7] | 0 | | 0 | | (0.1) | | 2.2 | | |
Cash-related restructuring charges | Operating Segments | Value Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total professional fees and other related charges | [7] | 0.5 | | 0 | | 0.5 | | 0 | | |
Cash-related restructuring charges | Corporate, Non-Segment | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total professional fees and other related charges | [7] | 6.6 | | 13.1 | | 28.3 | | 41 | | |
Cash-related restructuring charges | Change for Growth Program | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Unallocated restructuring and other related charges | | (7.1) | | (12.5) | | (29.1) | | (49.6) | | |
Total severance and benefit costs | [8] | 0 | | (0.6) | | 0.4 | | 6.4 | | |
Total professional fees and other related charges | [9] | 7.1 | | 13.1 | | 28.7 | | 43.2 | | |
Cash-related restructuring charges | Change for Growth Program | Operating Segments | Premium Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total severance and benefit costs | [7] | 0 | | (0.4) | | 0.2 | | 1.3 | | |
Cash-related restructuring charges | Change for Growth Program | Operating Segments | Plus Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total severance and benefit costs | [7] | 0.8 | | (1) | | 0.9 | | 4.4 | | |
Cash-related restructuring charges | Change for Growth Program | Operating Segments | Kids Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total severance and benefit costs | [7] | 0 | | 0.5 | | 0 | | 0.2 | | |
Cash-related restructuring charges | Change for Growth Program | Operating Segments | Value Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total severance and benefit costs | [7] | 0 | | 0.1 | | 0.6 | | (0.8) | | |
Cash-related restructuring charges | Change for Growth Program | Corporate, Non-Segment | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Total severance and benefit costs | [7] | (0.8) | | 0.2 | | (1.3) | | 1.3 | | |
Non-cash charges | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Unallocated restructuring and other related charges | | 0 | | (5.6) | | 0 | | (9.3) | | |
Non-cash charges | Operating Segments | Premium Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Impairment of retail store assets | | 0 | | 5.6 | | 0 | | 5.6 | | |
Non-cash charges | Operating Segments | Plus Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Impairment of retail store assets | | 0 | | 0 | | 0 | | 3.2 | | |
Non-cash charges | Operating Segments | Value Fashion | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Impairment of retail store assets | | 0 | | 0 | | 0 | | 0.5 | | |
Non-cash charges | Change for Growth Program | | | | | | | | | | |
Segment Reporting Information [Line Items] | | | | | | | | | | |
Unallocated restructuring and other related charges | | 0 | | (5.6) | | 0 | | (9.3) | | |
Impairment of retail store assets | [10] | $ 0 | | $ 5.6 | | $ 0 | | $ 9.3 | | |
| |
[1] | For the three and nine months ended May 4, 2019 and April 28, 2018, respectively, the maurices business was excluded from the Value Fashion segment and has been classified as discontinued operations within the condensed consolidated financial statements. As a result, shared expenses of $27 and $77 million for the three and nine months ended May 4, 2019, as well as $22 and $67 million for the three and nine months ended April 28, 2018, which were previously allocated to maurices have been reallocated to the remaining operating units for all periods presented. | |
[2] | Prior period amounts have not been restated due to the adoption of ASU 2014-09 and continue to be reported under the accounting standards in effect for those periods. For more information on ASU 2014-09, refer to Note 3. | |
[3] | Restructuring and other related charges are as follows: Three Months Ended Nine Months Ended May 4, 2019 April 28, 2018 May 4, 2019 April 28, 2018 (millions) (millions)Cash related charges(i): Severance and benefit costs: Premium Fashion$— $(0.4) $0.2 $1.3 Plus Fashion0.8 (1.0) 0.9 4.4 Kids Fashion— 0.5 — 0.2 Value Fashion— 0.1 0.6 (0.8) Corporate(0.8) 0.2 (1.3) 1.3Total severance and benefit costs— (0.6) 0.4 6.4Professional fees and other related charges: Premium Fashion— — — —Plus Fashion— — (0.1) 2.2Value Fashion0.5 — 0.5 —Corporate6.6 13.1 28.3 41.0Total professional fees and other related charges7.1 13.1 28.7 43.2Total cash related charges7.1 12.5 29.1 49.6 Non-cash charges: Impairment of assets: Premium Fashion— 5.6 — 5.6Plus Fashion— — — 3.2Value Fashion— — — 0.5Total non-cash charges— 5.6 — 9.3Total restructuring and other related charges$7.1 $18.1$29.1 $58.9 (i) The charges incurred under the Company's Change for Growth program are more fully described in Note 7. | |
[4] | Goodwill at our Value Fashion segment of $93.5 million as of August 4, 2018 and May 4, 2019 has been excluded from the table as it is included within Assets related to discontinued operations in the accompanying condensed consolidated balance sheets. The balances as of both reporting dates is net of accumulated impairment losses of $107.2 million. | |
[5] | Net of accumulated impairment losses of $428.9 million for the ANN reporting unit as of August 4, 2018 and May 4, 2019. | |
[6] | Represents the Plus Fashion segment impairment loss as of May 4, 2019, which $65.8 million and $49.3 million relates to the Lane Bryant and the Catherines reporting units, respectively. The accumulated impairment loss at the Lane Bryant and Catherines reporting units as of May 4, 2019 was $387.7 million and $49.3 million, respectively. The accumulated impairment loss at our Lane Bryant reporting unit as of August 4, 2018 was $321.9 million. | |
[7] | The charges incurred under the Company's Change for Growth program are more fully described in Note 7. | |
[8] | Severance and benefit costs reflect additional severance accruals associated with previously announced initiatives, as well as adjustments to true up estimates of previously accrued severance-related costs to reflect amounts actually paid. During the third quarter of Fiscal 2019, in connection with changes in senior management, the Company recorded severance costs which were offset by reversals of accruals associated with long-term compensation programs. During the third quarter of Fiscal 2018, certain segments recorded adjustments to true up estimates of benefit-related costs to reflect amounts actually paid. | |
[9] | Other related charges consist of professional fees and other third-party costs incurred in connection with the identification and implementation of transformation initiatives associated with the Change for Growth program, as well as third-party costs associated with the relocation of the Catherines brand to Ohio. | |
[10] | Non-cash asset impairments for the three months ended April 28, 2018 reflect decisions within the Company's fleet optimization program to close certain under-performing stores primarily at the Premium Fashion segment. The amount for the nine months ended April 28, 2018 also includes non-cash asset impairments of $4.8 million, which primarily reflect the write down of a Plus Fashion segment building to fair market value and was offset in part by the write-off of $1.1 million of tenant allowances during the second quarter of Fiscal 2018 as program stores were vacated. | |