Kaspien (KSPN) 10-Q 7 Dec 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	9 Months Ended
	Oct. 28, 2017shares
Document and Entity Information [Abstract]
Entity Registrant Name	TRANS WORLD ENTERTAINMENT CORP
Document Type	10-Q
Current Fiscal Year End Date	--01-31
Entity Common Stock, Shares Outstanding	36,208,844
Amendment Flag	false
Entity Central Index Key	795,212
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Oct. 28, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 3,924	$ 27,974	$ 4,708
Restricted cash	1,503
Merchandise inventory	144,754	126,004	157,827
Prepaid expenses and other assets	13,184	15,356	13,903
Total current assets	163,365	169,334	176,438
Restricted cash	10,731	16,103	16,100
Net fixed assets	43,472	45,097	41,902
Goodwill	39,191	39,191	39,800
Net intangible assets	24,940	27,857	28,737
Other assets	7,247	10,228	10,272
TOTAL ASSETS	288,946	307,810	313,249
CURRENT LIABILITIES
Accounts payable	45,378	52,307	61,956
Short-term borrowings	5,000		5,936
Accrued expenses and other current liabilities	9,805	9,198	9,116
Deferred revenue	7,231	9,228	7,813
Total current liabilities	67,414	70,733	84,821
Contingent consideration	2,115	8,552	10,381
Other long-term liabilities	29,236	30,589	28,927
TOTAL LIABILITIES	98,765	109,874	124,129
SHAREHOLDERS’ EQUITY
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued)
Common stock ($0.01 par value; 200,000,000 shares authorized; 64,255,171, 64,252,671 and 64,252,671 shares issued, respectively)	643	643	643
Additional paid-in capital	340,391	338,075	337,439
Treasury stock at cost (28,138,116, 28,137,283 and 28,137,283 shares, respectively)	(230,144)	(230,144)	(230,144)
Accumulated other comprehensive loss	(788)	(802)	(658)
Retained earnings	80,079	90,164	81,840
TOTAL SHAREHOLDERS’ EQUITY	190,181	197,936	189,120
TOTAL LIABILITIES AND EQUITY	$ 288,946	$ 307,810	$ 313,249

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016
Preferred stock par value (in Dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, shares issued	0	0	0
Common stock par value (in Dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000	200,000,000
Common stock, shares issued	64,255,171	64,252,671	64,252,671
Treasury stock, shares at cost	28,138,116	28,137,283	28,137,283

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Net sales	$ 91,817	$ 65,039	$ 293,482	$ 203,127
Other revenue	1,184	1,242	3,964	3,232
Total revenue	93,001	66,281	297,446	206,359
Cost of sales	61,420	39,409	194,390	121,960
Gross profit	31,581	26,872	103,056	84,399
Selling, general and administrative expenses	40,558	34,680	122,763	97,415
Income from joint venture	(866)		(1,038)
Loss from operations	(8,111)	(7,808)	(18,669)	(13,016)
Interest expense	83	179	200	523
Other income	(59)	(51)	(8,824)	(1,068)
Loss before income tax expense	(8,135)	(7,936)	(10,045)	(12,471)
Income tax (benefit) expense	(64)	(7,452)	40	(7,358)
Net loss	$ (8,071)	$ (484)	$ (10,085)	$ (5,113)
BASIC AND DILUTED LOSS PER SHARE:
Basic and diluted loss per share (in Dollars per share)	$ (0.22)	$ (0.02)	$ (0.28)	$ (0.17)
Weighted average number of common shares outstanding – basic and diluted (in Shares)	36,190	31,434	36,181	30,854

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Net loss	$ (8,071)	$ (484)	$ (10,085)	$ (5,113)
Amortization of pension costs	(5)	51	(15)	154
Comprehensive loss	$ (8,076)	$ (433)	$ (10,100)	$ (4,959)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
OPERATING ACTIVITIES:
Net loss	$ 10,085	$ 5,113
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of fixed assets	7,558	5,436
Amortization of intangible assets	2,917	174
Amortization of lease valuations, net	(12)
Deferred tax benefit		(7,502)
Long term incentive compensation	2,314	670
Adjustment to contingent consideration	(1,437)
Loss on disposal of fixed assets	459	703
Gain on sale of investments		(800)
Increase in cash surrender value	(227)	(790)
Gain on insurance proceeds	(8,733)
Changes in operating assets and liabilities:
Merchandise inventory	(18,750)	(23,111)
Prepaid expenses and other current assets	2,172	(5,311)
Other assets	(497)	6,359
Accounts payable	(6,929)	5,281
Accrued expenses, deferred revenue and other current liabilities	(1,390)	(8,345)
Other long-term liabilities	(1,307)	2,470
Net cash used in operations	(33,947)	(29,879)
INVESTING ACTIVITIES:
Acquisition of a business		(36,600)
Issuance of restricted performance based awards / deferred / restricted shares under deferred / restricted stock agreements		6,074
Purchases of fixed assets	(6,392)	(16,726)
Proceeds from company owned life insurance and SERP death benefits	14,363
Investment in joint venture	(2,575)
Proceeds from sale of investments		1,600
Purchases of investments		(500)
Capital distributions from joint venture	632
Net cash provided by (used in) investing activities	6,028	(52,226)
FINANCING ACTIVITIES:
Exercise of long term equity awards		39
Payments to shareholders	(5,000)
Payments of long term borrowings		(4,727)
Proceeds from short term borrowings	5,000	5,936
Purchase of treasury stock		(2,646)
Net cash provided by (used in) financing activities		(1,398)
Net decrease in cash and cash equivalents	(27,919)	(83,503)
Cash, cash equivalents, and restricted cash, beginning of year	44,077	104,311
Cash, cash equivalents, and restricted cash, end of year	16,158	20,808
Supplemental disclosures and non-cash investing and financing activities:
Interest paid	$ 200	523
Fair value of assets acquired, including cash acquired		93,152
Liabilities assumed		(24,256)
Net assets acquired		68,896
Less: Contingent consideration not yet paid		(10,381)
Less: Fair value of shares issued as consideration		(20,415)
Less: Indemnity liability not yet paid		(1,500)
Acquisition of a business		$ 36,600

Nature of Operations

Nature of Operations	9 Months Ended
	Oct. 28, 2017
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	Note 1. Nature of Operations Trans World Entertainment Corporation and subsidiaries (“the Company”) operates in two reportable segments: fye and etailz. The fye segment operates a chain of retail entertainment stores and e-commerce sites, www.fye.com www.secondspin.com Liquidity and Cash Flows: The Company’s primary sources of working capital are cash provided by operations and borrowing capacity under its revolving credit facility. The Company’s cash flows fluctuate from quarter to quarter due to various items, including seasonality of sales and associated earnings and losses in those periods, timing of merchandise inventory purchases and the related terms of those purchases, as well as merchandise inventory returns and capital expenditures. Management believes it will have adequate resources to fund its cash needs for the foreseeable future, including its capital spending, its seasonal increase in merchandise inventory and other operating cash requirements and commitments. Management anticipates any cash requirements due to a shortfall in cash from operations will be funded by the Company’s revolving credit facility, as discussed in note 9 in the interim condensed consolidated financial statements. In connection with the preparation of these interim condensed consolidated financial statements, the Company conducted an evaluation as to whether there were conditions and events, considered in the aggregate, which raised substantial doubt as to the entity’s ability to continue as a going concern within one year after the date of the issuance, or the date of availability, of the interim condensed consolidated financial statements to be issued, noting that there did not appear to be evidence of substantial doubt of the entity’s ability to continue as a going concern.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Oct. 28, 2017
Disclosure Text Block [Abstract]
Basis of Accounting [Text Block]	Note 2. Basis of Presentation The accompanying interim condensed consolidated financial statements consist of Trans World Entertainment Corporation, Record Town, Inc. (“Record Town”), Record Town’s subsidiaries and etailz, Inc., all of which are wholly-owned. All intercompany accounts and transactions have been eliminated. The interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished in these interim condensed consolidated financial statements reflects all normal, recurring adjustments which, in the opinion of management, are necessary for the fair presentation of such financial statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to rules and regulations applicable to interim financial statements. The accompanying interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto and Management’s Discussion and Analysis of Financial Condition and Results of Operations as of and for the year ended January 28, 2017 contained in the Company’s Annual Report on Form 10-K filed April 13, 2017. The results of operations for the thirteen and thirty-nine weeks ended October 28, 2017 are not necessarily indicative of the results to be expected for the entire fiscal year ending February 3, 2018. The Company’s significant accounting policies are the same as those described in Note 1 to the Company’s Consolidated Financial Statements on Form 10-K for the fiscal year ended January 28, 2017. There have been no material changes to the accounting policies applied to our consolidated results and footnote disclosures.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Oct. 28, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 3. Recent Accounting Pronouncements In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company’s fiscal year beginning February 4, 2018. Based upon our preliminary assessment, we do not expect the adoption of this ASU will have a material impact on our consolidated financial statements. The Company has determined that the adoption of this ASU will impact the timing of revenue recognition for gift card breakage. Gift card breakage is currently recognized at the point gift card redemption becomes remote. In accordance with this ASU, the Company will recognize gift card breakage in proportion to the pattern of rights exercised by the customer. Additionally, the Company has assessed and determined that our revenue recognition practices related to our current vendor-direct sales arrangements, for which the Company is the principal and recorded on a gross basis, will remain unchanged upon adoption. Based upon our preliminary assessment of potential impacts to the presentation of our consolidated financial statements primarily related to sales return reserves, our customer loyalty program, and certain other promotional programs, the Company expects to use a modified retrospective approach upon adoption of this ASU during the first quarter of fiscal 2018. The Company is continuing to evaluate the impact of the ASU’s expanded disclosure requirements upon adoption. In February 2016, the FASB issued ASU No. 2016-02, “Leases”, which will replace most existing lease accounting guidance in U.S. GAAP. The core principle of this ASU is that an entity should recognize the rights and obligations resulting from leases as assets and liabilities. The new standard requires qualitative and specific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities, including significant judgments and changes in judgments. The new standard will be effective for the Company’s fiscal year beginning February 3, 2019, and requires the modified retrospective method of adoption. Early adoption is permitted. The Company is in the process of determining the method and timing of adoption and assessing the impact of ASU 2016-02 on its consolidated financial statements. Given the nature of the operating leases for the Company’s home office, distribution center, and stores, the Company expects an increase to the carrying value of its assets and liabilities. In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which simplifies how an entity is required to test goodwill for impairment by eliminating step two from the goodwill impairment test whereby a goodwill impairment loss is determined by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Rather, an entity will perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognizing an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. ASU 2017-04 is effective for the Company in fiscal 2020, applied on a prospective basis, and early adoption is allowed for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. In March 2017, the FASB issued ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” which is intended to improve the presentation of net periodic pension cost and net periodic post-retirement benefit cost in an entity’s financial statements by requiring the service cost component be disaggregated from other components of net benefit costs and presented in the same line item or items as other compensation costs for the employees. Additionally, only the service cost component of net benefit cost is eligible for capitalization when applicable. ASU 2017-07 is effective for the Company’s fiscal year beginning February 3, 2019, and must be applied retrospectively. ASU 2017-07 is permitted for early adoption, but only at the beginning of an annual period for which financial statements have not been issued or made available for issuance. The Company is currently evaluating the impact that this ASU will have on its reporting and asset recognition. In May 2017, the FASB issued ASU 2017-09, “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting,” which provided clarity as to what changes to the terms or conditions of share-based payment awards require an entity to apply modification accounting in Topic 718. ASU 2017-09 is effective for the Company for interim and annual periods in fiscal year beginning February 3, 2019, with early adoption permitted and is applied prospectively to changes in terms or conditions of awards occurring on or after the adoption date.

Acquisition and Investment

Acquisition and Investment	9 Months Ended
	Oct. 28, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note 4. Acquisition and Investment Business Combination-etailz On October 17, 2016, the Company completed the purchase of all of the issued and outstanding shares of etailz, Inc. (etailz), an innovative and leading digital marketplace retailer. etailz operates both domestically and internationally. They use a data driven approach to digital marketplace retailing utilizing proprietary software and ecommerce insight coupled with a direct customer relationship engagement to identify new distributors and wholesalers, isolate emerging product trends, and optimize price positioning and inventory purchase decisions. The Company paid $32.3 million in cash, issued 5.7 million shares of Trans World Entertainment Corporation stock (TWMC Stock) at closing to the shareholders of etailz (the selling shareholders) as consideration for the selling shareholders’ ownership, and paid $4.3 million in cash advances to settle obligations of the selling shareholders. Based on the fair value of $3.56 per share of TWMC Stock on the acquisition date, the shares had a value of $20.4 million. An earn-out of up to a maximum of $14.6 million would be payable in fiscal 2018 and fiscal 2019 subject to the achievement by etailz of $6.0 million in operating income in fiscal 2017 and $7.5 million in fiscal 2018 as outlined in the share purchase agreement prior to its amendment as discussed in the following paragraph. In connection with the acquisition, the Company assumed the liability of the selling shareholders for etailz’s employee retention bonus plan, of which $1.9 million was due and payable at closing and funded as part of the cash advances and the remaining $2.3 million will be earned over a two year service period. The acquisition and related costs were funded primarily from the Company’s cash on hand and short term borrowings under its revolving credit facility. The acquisition was accounted for using the purchase method of accounting. During the Company’s second quarter, the share purchase agreement with the selling shareholders of etailz was amended to provide that $11.5 million be released from the earnout escrow account and the $3.1 million remaining in the earnout escrow account may be payable in cash to the selling shareholders in 2019, subject to the achievement by etailz of operating income in excess of $15.5 million during the twenty-four month period ending February 2, 2019. In the event that etailz achieves operating income in excess of $13.5 million, but less than $15.5 million, an earnout of $1.6 million would be payable in 2019. If etailz operating income is below $13.5 million, the $3.1 million escrow would be returned to the Company. The amount released from escrow was disbursed during the Company’s second quarter as follows: $5.0 million to the Company for future investment to support growth initiatives, $5.0 million to the selling shareholders, and $1.5 million to the Company (to be allocated to increase the maximum amount available under the etailz employee retention bonus plan from $4.2 million to $5.7 million). During the Company’s second quarter, the Company recorded a $1.4 million benefit related to its contingent consideration liability. The decrease in the value of the contingent consideration liability resulted from the actual financial results of etailz and the amendment of the earnout agreement as described in the paragraph above. This benefit is recorded in selling, general, and administrative expenses in the Company’s condensed consolidated statements of operations. The results of operations of etailz are reported in the Company’s etailz segment and have been included in the consolidated results of operations of the Company from the date of acquisition. The following unaudited pro forma financial information for the thirteen and thirty-nine weeks ended October 29, 2016, presents consolidated information as if the etailz acquisition had occurred on February 1, 2016. Because of different fiscal period ends, and in order to present results for comparable periods, the unaudited pro forma consolidated financial information for the thirty-nine weeks ended October 29, 2016, combines (i) the Company’s historical statement of operations for the thirty-nine weeks ended October 29, 2016, and (ii) etailz historical statement of income for the period from January 1, 2016 through August 31, 2016 and October 1, 2016 through October 16, 2016. The unaudited pro forma financial information for the thirteen weeks ended October 29, 2016, combines (i) the Company’s historical statement of operations for the thirteen weeks ended October 29, 2016; and (ii) etailz historical statement of income for the period from July 1, 2016 through August 31, 2016 and October 1, 2016 through October 16, 2016. The unaudited pro forma financial information is presented after giving effect to certain adjustments for acquisition-related costs, depreciation, amortization of definite lived intangible assets, interest expense on acquisition financing, and related income tax effects. The unaudited pro forma financial information is based upon currently available information and upon certain assumptions that the Company believes are reasonable under the circumstances. The unaudited pro forma financial information does not purport to present what the Company’s results of operations would actually have been if the aforementioned transaction had in fact occurred on such date or at the beginning of the period indicated, nor does it project the Company’s financial position or results of operations at any future date or for any future period. Thirteen Weeks Ended Thirty-nine Weeks Ended October 29, October 29, Pro forma total revenue $ 90,655 $ 287,060 Pro forma net loss (6,945 ) (13,513 ) Pro forma basic and diluted loss per share $ (0.19 ) $ (0.37 ) Pro forma weighted average number of common shares outstanding – basic and diluted 36,157 36,257 Joint Venture On April 11, 2017, the Company entered into an agreement with another party for the purpose of acquiring and selling certain retail merchandise. etailz holds a 50% economic interest in the arrangement as of October 28, 2017. The initial cash investment was $2.6 million dollars. During the thirty-nine weeks ended October 28, 2017, the Company received distributions in the amount of $1.7 million from the joint venture, of which $0.7 million was a return of capital and $1.0 million was the Company’s share of joint venture income. The remaining investment of $1.9 million was included in other assets in the interim condensed consolidated balance sheets as of October 28, 2017.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Oct. 28, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Note 5. Goodwill and Other Intangible Assets Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually. Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. Determining the fair value of a reporting unit requires the use of significant estimates and assumptions, including revenue growth rates, operating margins, discount rates, and future market conditions, among others. Goodwill and other long-lived assets are reviewed for impairment if circumstances indicate that the carrying amount may not be recoverable. We are continuing to amortize certain vendor relationships, technology, and trade names and trademarks that have finite lives. Identifiable intangible assets as of October 28, 2017 consisted of the following (in thousands, except weighted-average amortization period): October 28, 2017 Amortization Gross Accumulated Net Carrying Vendor relationships 120 $ 19,100 $ 2,010 $ 17,090 Technology 60 6,700 1,403 5,297 Trade names and trademarks 60 3,200 647 2,553 $ 29,000 $ 4,060 $ 24,940 The changes in net intangibles and goodwill from January 28, 2017 to October 28, 2017 were as follows: (in thousands) January 28, 2017 Amortization October 28, 2017 Amortized intangible assets: Vendor relationships $ 18,522 $ 1,432 $ 17,090 Technology 6,302 1,005 5,297 Trade names and trademarks 3,033 480 2,553 Net amortized intangible assets $ 27,857 $ 2,917 $ 24,940 Unamortized intangible assets: Goodwill $ 39,191 - $ 39,191 Total unamortized intangible assets $ 39,191 - $ 39,191 Estimated amortization expense for the remainder of fiscal 2017 and the five succeeding fiscal years and thereafter is as follows: Year Annual ( in thousands) 2017 $ 971 2018 3,890 2019 3,890 2020 3,890 2021 3,325 2022 1,910 Thereafter 7,064

Depreciation and Amortization

Depreciation and Amortization	9 Months Ended
	Oct. 28, 2017
Depreciation and Amoritzation [Abstract]
Depreciation and Amoritzation [Text Block]	Note 6. Depreciation and Amortization Depreciation and amortization included in the condensed consolidated statements of operations is as follows: Thirteen Weeks Ended Thirty-nine Weeks Ended October 28, October 29, October 28, October 29, 2017 2016 2017 2016 (in thousands) (in thousands) Cost of sales $ 163 $ 104 $ 474 $ 301 Selling, general and administrative expenses 3,425 2,222 9,989 5,309 Total $ 3,588 $ 2,326 $ 10,463 $ 5,610

Segment Data

Segment Data	9 Months Ended
	Oct. 28, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 7. Segment Data As described in Note 1 to the interim condensed consolidated financial statements, we operate in two reportable segments as shown in the following table. Results for etailz are included in the consolidated results for all periods presented for fiscal 2017. For periods presented for fiscal 2016, results for etailz are included in consolidated results from October 17, 2016 through October 29, 2016. Thirteen Weeks Ended Thirty-nine Weeks Ended (in thousands) October 28, 2017 October 29, 2016 October 28, 2017 October 29, 2016 Total Revenue fye $ 52,105 $ 62,457 $ 176,006 $ 202,535 etailz 40,896 3,824 $ 121,440 $ 3,824 Total Company $ 93,001 $ 66,281 $ 297,446 $ 206,359 Gross Profit fye $ 21,347 $ 25,932 $ 73,342 $ 83,459 etailz 10,234 940 29,714 940 Total Company $ 31,581 $ 26,872 $ 103,056 $ 84,399 Loss From Operations fye $ (7,858 ) $ (5,083 ) $ (17,703 ) $ (10,291 ) etailz (253 ) (2,725 ) (966 ) (2,725 ) Total Company $ (8,111 ) $ (7,808 ) $ (18,669 ) $ (13,016 ) Total Assets fye $ 186,869 $ 222,362 etailz 102,077 90,887 Total Company $ 288,946 $ 313,249

Restricted Cash

Restricted Cash	9 Months Ended
	Oct. 28, 2017
Disclosure Text Block Supplement [Abstract]
Restricted Assets Disclosure [Text Block]	Note 8. Restricted Cash As of October 28, 2017 and October 29, 2016, the Company had restricted cash of $12.2 million and $16.1 million, respectively. In connection with the acquisition of etailz and under the terms of the share purchase agreement, as amended (see Note 4), the Company designated $1.5 million of the restricted cash to be made available to satisfy any indemnification claims within 18 months from the date of acquisition and $3.2 million of the restricted cash to equal the maximum earn-out amount that could be paid to the selling shareholders of etailz in accordance with the share purchase agreement, as amended. In addition, as a result of the death of its former Chairman, the Company received $7.5 million which is held in a rabbi trust and was classified as restricted cash on the accompanying condensed consolidated balance sheet as of October 28, 2017. A summary of cash, cash equivalents and restricted cash is as follows (in thousands): October 28, January 28, October 29, 2017 2017 2016 Cash and cash equivalents $ 3,924 $ 27,974 $ 4,708 Restricted cash 12,234 16,103 16,100 Total cash, cash equivalents and restricted cash $ 16,158 $ 44,077 $ 20,808

Line of Credit

Line of Credit	9 Months Ended
	Oct. 28, 2017
Line of Credit [Abstract]
Line of Credit [Text Block]	Note 9. Line of Credit In January 2017, the Company entered into a $50 million asset based credit facility (“Credit Facility”) which amended the previous credit facility. The availability under the Credit Facility is subject to limitations based on merchandise inventory levels. The principal amount of all outstanding loans under the Credit Facility, together with any accrued but unpaid interest, are due and payable in January 2022, unless otherwise paid earlier pursuant to the terms of the Credit Facility. Payments of amounts due under the Credit Facility are secured by the assets of the Company. The Credit Facility contains a provision to increase availability up to $75 million during October to December of each year, as needed. During the third quarter of fiscal 2017, the Company exercised the right to increase its availability to $60 million subject to the same limitations noted above. Interest under the Credit Facility will accrue, at the election of the Company, at a Base Rate or LIBO Rate, plus, in each case, an Applicable Margin, which is determined by reference to the level of availability, with the Applicable Margin for LIBO Rate loans ranging from 2.25% to 2.75% and the Applicable Margin for Prime Rate loans ranging from 0.75% to 1.25%. In addition, a commitment fee ranging from 0.375% to 0.50% is also payable on unused commitments. The Credit Facility contains customary affirmative and negative covenants, including restrictions on dividends and share repurchases, incurrence of additional indebtedness and acquisitions, covenants around the net number of store closings, and restrictions related to the payment of cash dividends, including limiting the amount of dividends and share repurchases to $5.0 million annually and not allowing borrowings under the amended facility for the six months before or six months after the dividend payment. As of October 28, 2017, the Company had $5.0 million in outstanding borrowings under the revolving credit facility and $49.0 million was available for borrowing. As of October 29, 2016, the Company had $5.9 million in outstanding borrowings under the revolving credit facility and $53.7 million was available for borrowing. The weighted average interest rate on total, LIBO Rate and Prime Rate, outstanding borrowings for the thirteen week period ended October 28, 2017 and October 29, 2016 was 2.69% and 3.73%, respectively.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Oct. 28, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 10. Stock Based Compensation As of October 28, 2017, there was approximately $0.9 million of unrecognized compensation cost related to stock awards that is expected to be recognized as expense over a weighted average period of 2.7 years. As of October 28, 2017, stock awards authorized for issuance under the Company’s current long term equity incentive plans totaled 5.0 million shares. There are certain authorized stock awards for which the Company no longer grants awards. Of these awards authorized for issuance, 2.6 million shares were granted and are outstanding, 1.5 million shares of which were vested and exercisable. Awards available for future grants at October 28, 2017 were 5.0 million shares. The table below outlines the assumptions that the Company used to estimate the fair value of stock based awards granted during the thirty-nine weeks ended October 28, 2017: Dividend yield 0% Expected stock price volatility 40.0%-40.6% Risk-free interest rate 1.74%-1.83% Expected award life (in years) 5.64-5.71 Weighted average fair value per share of awards granted during the period $0.74 The following table summarizes stock award activity during the thirty-nine weeks ended October 28, 2017: Number of Weighted Weighted Other Weighted Balance January 28, 2017 2,459,564 $ 3.58 7.3 170,927 $ 3.87 Granted 620,000 1.84 - 65,000 1.85 Forfeited (288,750 ) 3.07 - - - Cancelled (164,150 ) 5.43 - (5,000 ) 3.53 Exercised - - - (52,500 ) 3.50 Balance October 28, 2017 2,626,664 $ 3.11 7.2 178,427 $ 3.26 Exercisable October 28, 2017 1,361,164 $ 3.32 5.8 63,427 $ 4.50 (1) Other Share Awards include deferred shares granted to Directors and restricted share units granted to executive officers. As of October 28, 2017, the intrinsic value of stock awards outstanding was approximately $1 thousand. All exercisable options had an exercise price below the closing stock price as of October 28, 2017. In connection with the acquisition of etailz, the Company issued 1,572,552 restricted shares of Company stock to a key etailz employee, with a grant date fair value of $3.56 per share. These shares vest ratably through January 2019. As of October 28, 2017, the Company recognized $2.6 million of compensation cost related to these shares, of which $1.9 million was recorded in fiscal 2017. As of October 28, 2017, there was approximately $3.0 million of unrecognized compensation cost related to these restricted shares that is expected to be recognized as expense over the next 15 months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 28, 2017
Disclosure Text Block Supplement [Abstract]
Other Comprehensive Income, Noncontrolling Interest [Text Block]	Note 11. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss that the Company reports in the condensed consolidated balance sheets represents net loss, adjusted for the difference between the accrued pension liability and accrued benefit cost, net of taxes, associated with the Company’s defined benefit plan. Comprehensive loss consists of net loss and the amortization of pension costs (gain) associated with Company’s defined benefit plan for the thirteen and thirty-nine weeks ended October 28, 2017 and October 29, 2016.

Defined Benefit Plans

Defined Benefit Plans	9 Months Ended
	Oct. 28, 2017
Disclosure Text Block Supplement [Abstract]
Compensation and Employee Benefit Plans [Text Block]	Note 12. Defined Benefit Plan The Company maintains a non-qualified Supplemental Executive Retirement Plan (“SERP”) for a limited number of executive officers of the Company. The SERP provides eligible executives defined pension benefits that supplement benefits under other retirement arrangements. During the thirty-nine weeks ended October 28, 2017, the Company did not make any cash contributions to the SERP and presently expects to pay approximately $1.2 million in benefits relating to the SERP during fiscal 2017. The measurement date for the SERP is the fiscal year end, using actuarial techniques which reflect estimates for mortality, turnover and expected retirement. In addition, management makes assumptions concerning future salary increases. Discount rates are generally established as of the measurement date using theoretical bond models that select high-grade corporate bonds with maturities or coupons that correlate to the expected payouts of the applicable liabilities. The following represents the components of the net periodic pension cost related to the Company’s SERP for the respective periods: Thirteen Weeks Ended Thirty-nine Weeks Ended October 28, October 29, October 28, October 29, 2017 2016 2017 2016 (in thousands) (in thousands) Service cost $ 16 $ 15 $ 48 $ 45 Interest cost 139 137 417 411 Amortization of prior service costs 4 55 12 166 Amortization of net gain (1) (9 ) (4 ) (27 ) (12 ) Net periodic pension cost $ 150 $ 203 $ 450 $ 610 (1) The amortization of net gain is related to a director retirement plan previously provided by the Company.

Basic and Diluted Loss Per Shar

Basic and Diluted Loss Per Share	9 Months Ended
	Oct. 28, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 13. Basic and Diluted Loss Per Share Basic income per share is calculated by dividing net income by the weighted average common shares outstanding for the period. Diluted income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock (net of any assumed repurchases) that then shared in the earnings of the Company, if any. It is computed by dividing net income (loss) by the sum of the weighted average shares outstanding and additional common shares that would have been outstanding if the dilutive potential common shares had been issued for the Company’s common stock awards from the Company’s Stock Award Plans. For the thirteen and thirty-nine week periods ended October 28, 2017 and October 29, 2016, the impact of all outstanding stock awards was not considered because the Company reported a net loss and such impact would be anti-dilutive. Accordingly, basic and diluted loss per share is the same. Total anti-dilutive stock awards for both, thirteen and thirty-nine weeks ended October 28, 2017, were approximately 2.6 million shares as compared to 1.9 million shares and 1.8 million shares, respectively, for the thirteen and thirty-nine weeks ended October 29, 2016.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 28, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 14. Income Taxes In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent on the generation of future taxable income. Management considers the scheduled reversal of taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. Based on available objective evidence, management concluded that a full valuation allowance should continue to be recorded against the Company’s deferred tax assets. Management will continue to assess the need for and amount of the valuation allowance against the deferred tax assets by giving consideration to all available evidence to the Company’s ability to generate future taxable income in its conclusion of the need for a full valuation allowance. Any reversal of the Company’s valuation allowance will favorably impact its results of operations in the period of reversal. The Company is currently unable to determine whether or when that reversal might occur, but it will continue to assess the realizability of its deferred tax assets and will adjust the valuation allowance if it is more likely than not that all or a portion of the deferred tax assets will become realizable in the future. The Company has significant net operating loss carry forwards and other tax attributes that are available to offset projected taxable income and current taxes payable, if any, for the year ending February 3, 2018. The deferred tax impact resulting from the utilization of the net operating loss carry forwards and other tax attributes will be offset by a reduction in the valuation allowance. As of January 28, 2017, the Company had a net operating loss carry forward of $181.4 million for federal income tax purposes and approximately $243 million for state income tax purposes that expire at various times through 2036 and are subject to certain limitations and statutory expiration periods.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 28, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 15. Commitments and Contingencies Legal Proceedings The Company is subject to legal proceedings and claims that have arisen in the ordinary course of its business and have not been finally adjudicated. Although there can be no assurance as to the ultimate disposition of these matters, it is management’s opinion, based upon the information available at this time, that the expected outcome of these matters, individually and in the aggregate, will not have a material adverse effect on the results of operations and financial condition of the Company. Store Manager Class Actions Two former Store Managers filed actions alleging claims of entitlement to unpaid compensation for overtime. In one action, the plaintiff seeks to represent a class of allegedly similarly situated employees who performed the same position (Store Manager and Senior Assistant Manager) while the other plaintiff seeks to represent a class of allegedly similarly situated employees who performed the same position (Store Manager). Specifically, Carol Spack filed a complaint against Trans World Entertainment Corporation (Trans World) in the United States District Court, District of New Jersey, on April 20, 2017 (Case No.: 3:17-cv-02687-BRM-LHG) alleging that she is entitled to unpaid compensation for overtime under the federal Fair Labor Standards Act (FLSA). She brings a nationwide collective action under the FLSA on behalf of all Store Managers and Senior Assistant Managers. She also brings class action claims under New Jersey and Pennsylvania law on behalf of all persons who worked as Store Managers in New Jersey or Senior Assistant Managers in Pennsylvania. On May 19, 2017, Natasha Roper filed a complaint against Trans World in the U.S. District Court for the Northern District of New York (Case No.: 1:17-cv-0553-TJM-CFH) in which she also alleges that she is entitled to unpaid compensation for overtime under the FLSA. Ms. Roper brings a nationwide collective action under the FLSA on behalf of all similarly situated Store Managers.

Acquisition and Investment (Tab

Acquisition and Investment (Tables)	9 Months Ended
	Oct. 28, 2017
Business Combinations [Abstract]
Business Acquisition, Pro Forma Information [Table Text Block]	Thirteen Weeks Ended Thirty-nine Weeks Ended October 29, October 29, Pro forma total revenue $ 90,655 $ 287,060 Pro forma net loss (6,945 ) (13,513 ) Pro forma basic and diluted loss per share $ (0.19 ) $ (0.37 ) Pro forma weighted average number of common shares outstanding – basic and diluted 36,157 36,257

Goodwill and Other Intangible23

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Oct. 28, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Identifiable intangible assets as of October 28, 2017 consisted of the following (in thousands, except weighted-average amortization period): October 28, 2017 Amortization Gross Accumulated Net Carrying Vendor relationships 120 $ 19,100 $ 2,010 $ 17,090 Technology 60 6,700 1,403 5,297 Trade names and trademarks 60 3,200 647 2,553 $ 29,000 $ 4,060 $ 24,940
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	The changes in net intangibles and goodwill from January 28, 2017 to October 28, 2017 were as follows: (in thousands) January 28, 2017 Amortization October 28, 2017 Amortized intangible assets: Vendor relationships $ 18,522 $ 1,432 $ 17,090 Technology 6,302 1,005 5,297 Trade names and trademarks 3,033 480 2,553 Net amortized intangible assets $ 27,857 $ 2,917 $ 24,940 Unamortized intangible assets: Goodwill $ 39,191 - $ 39,191 Total unamortized intangible assets $ 39,191 - $ 39,191
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated amortization expense for the remainder of fiscal 2017 and the five succeeding fiscal years and thereafter is as follows: Year Annual ( in thousands) 2017 $ 971 2018 3,890 2019 3,890 2020 3,890 2021 3,325 2022 1,910 Thereafter 7,064

Depreciation and Amortization (

Depreciation and Amortization (Tables)	9 Months Ended
	Oct. 28, 2017
Depreciation and Amoritzation [Abstract]
Schedule of Depreciation and Amortization of Fixed Assets [Table Text Block]	Depreciation and amortization included in the condensed consolidated statements of operations is as follows: Thirteen Weeks Ended Thirty-nine Weeks Ended October 28, October 29, October 28, October 29, 2017 2016 2017 2016 (in thousands) (in thousands) Cost of sales $ 163 $ 104 $ 474 $ 301 Selling, general and administrative expenses 3,425 2,222 9,989 5,309 Total $ 3,588 $ 2,326 $ 10,463 $ 5,610

Segment Data (Tables)

Segment Data (Tables)	9 Months Ended
	Oct. 28, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	As described in Note 1 to the interim condensed consolidated financial statements, we operate in two reportable segments as shown in the following table. Results for etailz are included in the consolidated results for all periods presented for fiscal 2017. For periods presented for fiscal 2016, results for etailz are included in consolidated results from October 17, 2016 through October 29, 2016. Thirteen Weeks Ended Thirty-nine Weeks Ended (in thousands) October 28, 2017 October 29, 2016 October 28, 2017 October 29, 2016 Total Revenue fye $ 52,105 $ 62,457 $ 176,006 $ 202,535 etailz 40,896 3,824 $ 121,440 $ 3,824 Total Company $ 93,001 $ 66,281 $ 297,446 $ 206,359 Gross Profit fye $ 21,347 $ 25,932 $ 73,342 $ 83,459 etailz 10,234 940 29,714 940 Total Company $ 31,581 $ 26,872 $ 103,056 $ 84,399 Loss From Operations fye $ (7,858 ) $ (5,083 ) $ (17,703 ) $ (10,291 ) etailz (253 ) (2,725 ) (966 ) (2,725 ) Total Company $ (8,111 ) $ (7,808 ) $ (18,669 ) $ (13,016 ) Total Assets fye $ 186,869 $ 222,362 etailz 102,077 90,887 Total Company $ 288,946 $ 313,249

Restricted Cash (Tables)

Restricted Cash (Tables)	9 Months Ended
	Oct. 28, 2017
Disclosure Text Block Supplement [Abstract]
Restrictions on Cash and Cash Equivalents [Table Text Block]	A summary of cash, cash equivalents and restricted cash is as follows (in thousands): October 28, January 28, October 29, 2017 2017 2016 Cash and cash equivalents $ 3,924 $ 27,974 $ 4,708 Restricted cash 12,234 16,103 16,100 Total cash, cash equivalents and restricted cash $ 16,158 $ 44,077 $ 20,808

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Oct. 28, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The table below outlines the assumptions that the Company used to estimate the fair value of stock based awards granted during the thirty-nine weeks ended October 28, 2017: Dividend yield 0% Expected stock price volatility 40.0%-40.6% Risk-free interest rate 1.74%-1.83% Expected award life (in years) 5.64-5.71 Weighted average fair value per share of awards granted during the period $0.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]	The following table summarizes stock award activity during the thirty-nine weeks ended October 28, 2017: Number of Weighted Weighted Other Weighted Balance January 28, 2017 2,459,564 $ 3.58 7.3 170,927 $ 3.87 Granted 620,000 1.84 - 65,000 1.85 Forfeited (288,750 ) 3.07 - - - Cancelled (164,150 ) 5.43 - (5,000 ) 3.53 Exercised - - - (52,500 ) 3.50 Balance October 28, 2017 2,626,664 $ 3.11 7.2 178,427 $ 3.26 Exercisable October 28, 2017 1,361,164 $ 3.32 5.8 63,427 $ 4.50 (1) Other Share Awards include deferred shares granted to Directors and restricted share units granted to executive officers.

Defined Benefit Plans (Tables)

Defined Benefit Plans (Tables)	9 Months Ended
	Oct. 28, 2017
Disclosure Text Block Supplement [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The following represents the components of the net periodic pension cost related to the Company’s SERP for the respective periods: Thirteen Weeks Ended Thirty-nine Weeks Ended October 28, October 29, October 28, October 29, 2017 2016 2017 2016 (in thousands) (in thousands) Service cost $ 16 $ 15 $ 48 $ 45 Interest cost 139 137 417 411 Amortization of prior service costs 4 55 12 166 Amortization of net gain (1) (9 ) (4 ) (27 ) (12 ) Net periodic pension cost $ 150 $ 203 $ 450 $ 610 (1) The amortization of net gain is related to a director retirement plan previously provided by the Company.

Nature of Operations (Details)

Nature of Operations (Details) ft² in Millions	9 Months Ended
	Oct. 28, 2017ft²
Disclosure Text Block [Abstract]
Number of Reportable Segments	2
Number of Stores	268
Area of Stores (in Square Feet)	1.5

Recent Accounting Pronounceme30

Recent Accounting Pronouncements (Details)	9 Months Ended
	Oct. 28, 2017
Accounting Standards Update 2014-09 [Member]
Recent Accounting Pronouncements (Details) [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	In June 2014, the Financial Accounting Standards Board (“FASB”)issued Accounting Standard Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which requires an entityto recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers.This ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effectivefor the Company’s fiscal year beginning February 4, 2018. Based upon our preliminary assessment, we do not expect the adoptionof this ASU will have a material impact on our consolidated financial statements. The Company has determined that the adoptionof this ASU will impact the timing of revenue recognition for gift card breakage. Gift card breakage is currently recognized atthe point gift card redemption becomes remote. In accordance with this ASU, the Company will recognize gift card breakage in proportionto the pattern of rights exercised by the customer. Additionally, the Company has assessed and determined that our revenue recognitionpractices related to our current vendor-direct sales arrangements, for which the Company is the principal and recorded on a grossbasis, will remain unchanged upon adoption. Based upon our preliminary assessment of potential impacts to the presentation of ourconsolidated financial statements primarily related to sales return reserves, our customer loyalty program, and certain other promotionalprograms, the Company expects to use a modified retrospective approach upon adoption of this ASU during the first quarter of fiscal2018. The Company is continuing to evaluate the impact of the ASU’s expanded disclosure requirements upon adoption.
Accounting Standards Update 2016-02 [Member]
Recent Accounting Pronouncements (Details) [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	In February 2016, the FASB issued ASU No. 2016-02, “Leases”,which will replace most existing lease accounting guidance in U.S. GAAP. The core principle of this ASU is that an entity shouldrecognize the rights and obligations resulting from leases as assets and liabilities. The new standard requires qualitative andspecific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand moreabout the nature of an entity’s leasing activities, including significant judgments and changes in judgments. The new standardwill be effective for the Company’s fiscal year beginning February 3, 2019, and requires the modified retrospective methodof adoption. Early adoption is permitted. The Company is in the process of determining the method and timing of adoption and assessingthe impact of ASU 2016-02 on its consolidated financial statements. Given the nature of the operating leases for the Company’shome office, distribution center, and stores, the Company expects an increase to the carrying value of its assets and liabilities.
Accounting Standards Update 2017-04 [Member]
Recent Accounting Pronouncements (Details) [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	In January 2017, the FASB issued ASU 2017-04, “Intangibles- Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which simplifies how an entity is requiredto test goodwill for impairment by eliminating step two from the goodwill impairment test wherebya goodwill impairment loss is determined by comparing the implied fair value of a reporting unit’s goodwill with the carryingamount of that goodwill. Rather, an entity will perform its annual, or interim, goodwill impairment test by comparing the fairvalue of a reporting unit with its carrying amount and recognizing an impairment charge for the amount by which the carrying amountexceeds the reporting unit’s fair value. ASU 2017-04 is effective for the Company in fiscal 2020, applied on a prospectivebasis, and early adoption is allowed for interim or annual goodwill impairment tests performed on testing dates after January 1,2017.
Accounting Standards Update 2017-07 [Member]
Recent Accounting Pronouncements (Details) [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	In March 2017, the FASB issued ASU 2017-07, “Compensation- Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement BenefitCost,” which is intended to improve the presentation of net periodic pension cost and net periodic post-retirement benefitcost in an entity’s financial statements by requiring the service cost component be disaggregated from other components ofnet benefit costs and presented in the same line item or items as other compensation costs for the employees. Additionally, onlythe service cost component of net benefit cost is eligible for capitalization when applicable. ASU 2017-07 is effective for theCompany’s fiscal year beginning February 3, 2019, and must be applied retrospectively. ASU 2017-07 is permitted for earlyadoption, but only at the beginning of an annual period for which financial statements have not been issued or made available forissuance.
Accounting Standards Update 2017-09 [Member]
Recent Accounting Pronouncements (Details) [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	In May 2017, the FASB issued ASU 2017-09, “Compensation -Stock Compensation (Topic 718): Scope of Modification Accounting,” which provided clarity as to what changes to the termsor conditions of share-based payment awards require an entity to apply modification accounting in Topic 718. ASU 2017-09 is effectivefor the Company for interim and annual periods in fiscal year beginning February 3, 2019, with early adoption permitted and isapplied prospectively to changes in terms or conditions of awards occurring on or after the adoption date.

Acquisition and Investment (Det

Acquisition and Investment (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Apr. 11, 2017	Oct. 17, 2016	Oct. 28, 2017	Jul. 29, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016	Feb. 02, 2019	Jan. 30, 2019	Jan. 30, 2018	Jan. 28, 2017
Acquisition and Investment (Details) [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired							$ 36,600
Business Combination, Contingent Consideration, Liability			$ 2,115		$ 10,381	$ 2,115	10,381				$ 8,552
Operating Income (Loss)			$ (8,111)		$ (7,808)	(18,669)	$ (13,016)
Increase (Decrease) in Other Deferred Liability				$ 1,400
Proceeds from Equity Method Investment, Distribution, Return of Capital						$ 632
Collaborative Arrangement [Member]
Acquisition and Investment (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			50.00%			50.00%
Payments to Acquire Equity Method Investments	$ 2,600
Proceeds from Equity Method Investment, Distribution						$ 1,700
Proceeds from Equity Method Investment, Distribution, Return of Capital						700
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable						$ 1,000
etailz [Member]
Acquisition and Investment (Details) [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 32,300
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares)		5.7
Other Payments to Acquire Businesses		$ 4,300
Business Acquisition, Share Price (in Dollars per share)		$ 3.56
Equity Issued in Business Combination, Fair Value Disclosure		$ 20,400
EarnOutProvisionAchievementDescription		An earn-out of up to a maximum of $14.6 million would be payable in fiscal 2018 and fiscal2019 subject to the achievement by etailz of $6.0 million in operating income in fiscal 2017 and $7.5 million in fiscal 2018 asoutlined in the share purchase agreement prior to its amendment as discussed in the following paragraph.
Business Combination, Contingent Consideration, Liability		$ 14,600
Present Value of Future Insurance Profits, Amortization Expense, Remainder of Fiscal Year									$ 7,500	$ 6,000
Decrease in Restricted Cash		1,900		11,500
Due to Employees, Noncurrent		$ 2,300
Escrow Deposit				3,100
Operating Income (Loss)								$ 15,500
etailz [Member] | Maximum [Member]
Acquisition and Investment (Details) [Line Items]
Operating Income (Loss)				15,500
etailz [Member] | Minimum [Member] | Two Thousand and Nineteen [Member]
Acquisition and Investment (Details) [Line Items]
Due to Employees, Noncurrent				1,600
etailz [Member] | Future Investment [Member]
Acquisition and Investment (Details) [Line Items]
Decrease in Restricted Cash				5,000
etailz [Member] | To The Selling Shareholders [Member]
Acquisition and Investment (Details) [Line Items]
Decrease in Restricted Cash				5,000
etailz [Member] | To The Company [Member]
Acquisition and Investment (Details) [Line Items]
Decrease in Restricted Cash				1,500
etailz [Member] | Minimum [Member]
Acquisition and Investment (Details) [Line Items]
Operating Income (Loss)				13,500
etailz [Member] | Original Amount [Member]
Acquisition and Investment (Details) [Line Items]
Maximum Amount Available Under Employee Rentention Bonus Plan				4,200
etailz [Member] | New Amount [Member]
Acquisition and Investment (Details) [Line Items]
Maximum Amount Available Under Employee Rentention Bonus Plan				$ 5,700

Acquisition and Investment (D32

Acquisition and Investment (Details) - Schedule of Pro Forma Financial Information Related to the Business Acquisition - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 29, 2016	Oct. 29, 2016
Schedule of Pro Forma Financial Information Related to the Business Acquisition [Abstract]
Pro forma total revenue	$ 90,655	$ 287,060
Pro forma net loss	$ (6,945)	$ (13,513)
Pro forma basic and diluted loss per share (in Dollars per share)	$ (0.19)	$ (0.37)
Pro forma weighted average number of common shares outstanding – basic and diluted (in Shares)	36,157	36,257

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Details) - Schedule of Identifiable Intangible Assets $ in Thousands	9 Months Ended
	Oct. 28, 2017USD ($)
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 29,000
Accumulated Amortization	4,060
Net Carrying Amount	$ 24,940
Vendor Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in months)	120 months
Gross Carrying Amount	$ 19,100
Accumulated Amortization	2,010
Net Carrying Amount	$ 17,090
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in months)	60 months
Gross Carrying Amount	$ 6,700
Accumulated Amortization	1,403
Net Carrying Amount	$ 5,297
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in months)	60 months
Gross Carrying Amount	$ 3,200
Accumulated Amortization	647
Net Carrying Amount	$ 2,553

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets (Details) - Schedule of Changes in Net Intangibles and Goodwill - USD ($) $ in Thousands	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Jan. 28, 2017
Amortized intangible assets:
Amortization of intangible assets	$ 2,917	$ 174
Net amortized intangible assets	24,940	28,737	$ 27,857
Amortization of net intangible assets	2,917
Unamortized intangible assets:
Goodwill	39,191	$ 39,800	39,191
Total unamortized intangible assets	39,191		39,191
Vendor Relationships [Member]
Amortized intangible assets:
Amortized intangible assets	17,090		18,522
Amortization of intangible assets	1,432
Technology [Member]
Amortized intangible assets:
Amortized intangible assets	5,297		6,302
Amortization of intangible assets	1,005
Trademarks and Trade Names [Member]
Amortized intangible assets:
Amortized intangible assets	2,553		$ 3,033
Amortization of intangible assets	$ 480

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets (Details) - Schedule of Estimated Amortization Expense $ in Thousands	Oct. 28, 2017USD ($)
Schedule of Estimated Amortization Expense [Abstract]
2,017	$ 971
2,018	3,890
2,019	3,890
2,020	3,890
2,021	3,325
2,022	1,910
Thereafter	$ 7,064

Depreciation and Amortization36

Depreciation and Amortization (Details) - Schedule of Depreciation and Amortization of Fixed Assets - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Schedule of Depreciation and Amortization of Fixed Assets [Abstract]
Cost of sales	$ 163	$ 104	$ 474	$ 301
Selling, general and administrative expenses	3,425	2,222	9,989	5,309
Total	$ 3,588	$ 2,326	$ 10,463	$ 5,610

Segment Data (Details)

Segment Data (Details)	9 Months Ended
	Oct. 28, 2017
Segment Reporting [Abstract]
Number of Reportable Segments	2

Segment Data (Details) - Schedu

Segment Data (Details) - Schedule of Reporting Segements - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016	Jan. 28, 2017
Total Revenue
Total Revenue	$ 93,001	$ 66,281	$ 297,446	$ 206,359
Gross Profit
Gross Profit	31,581	26,872	103,056	84,399
Loss From Operations
Loss From Operations	(8,111)	(7,808)	(18,669)	(13,016)
Total Assets
Total Assets	288,946	313,249	288,946	313,249	$ 307,810
fye [Member]
Total Revenue
Total Revenue	52,105	62,457	176,006	202,535
Gross Profit
Gross Profit	21,347	25,932	73,342	83,459
Loss From Operations
Loss From Operations	(7,858)	(5,083)	(17,703)	(10,291)
Total Assets
Total Assets	186,869	222,362	186,869	222,362
etailz [Member]
Total Revenue
Total Revenue	40,896	3,824	121,440	3,824
Gross Profit
Gross Profit	10,234	940	29,714	940
Loss From Operations
Loss From Operations	(253)	(2,725)	(966)	(2,725)
Total Assets
Total Assets	102,077	90,887	102,077	90,887
Total Company [Member]
Total Revenue
Total Revenue	93,001	66,281	297,446	206,359
Gross Profit
Gross Profit	31,581	26,872	103,056	84,399
Loss From Operations
Loss From Operations	(8,111)	(7,808)	(18,669)	(13,016)
Total Assets
Total Assets	$ 288,946	$ 313,249	$ 288,946	$ 313,249

Restricted Cash (Details)

Restricted Cash (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
Restricted Cash (Details) [Line Items]
Restricted Cash	$ 12.2	$ 16.1
Duration to Satisfy Indemnification Claims From Date of Acquisition	18 months
As a Result of Death of Chairman [Member]
Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent	$ 7.5
In Connection With Acquisition of etailz [Member]
Restricted Cash (Details) [Line Items]
Business Combination, Indemnification Assets, Amount as of Acquisition Date	1.5
Restricted Cash Maximum Earn Out Provision	$ 3.2

Restricted Cash (Details) - Sch

Restricted Cash (Details) - Schedule of Cash, Cash Equivalents, and Restricted Cash - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016
Schedule of Cash, Cash Equivalents, and Restricted Cash [Abstract]
Cash and cash equivalents	$ 3,924	$ 27,974	$ 4,708
Restricted cash	12,234	16,103	16,100
Total cash, cash equivalents and restricted cash	$ 16,158	$ 44,077	$ 20,808

Line of Credit (Details)

Line of Credit (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017
Line of Credit (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 50		$ 50
Line of Credit Facility, Increase (Decrease), Net	60
Line of Credit Facility, Dividend Restrictions			The Credit Facility contains customary affirmative and negativecovenants, including restrictions on dividends and share repurchases, incurrence of additional indebtedness and acquisitions, covenantsaround the net number of store closings, and restrictions related to the payment of cash dividends, including limiting the amountof dividends and share repurchases to $5.0 million annually and not allowing borrowings under the amended facility for the sixmonths before or six months after the dividend payment.
Dividends and Share Repurchase Maximum			$ 5
Line of Credit Facility, Fair Value of Amount Outstanding	5	$ 5.9	5
Line of Credit Facility, Remaining Borrowing Capacity	49	$ 53.7	49
Increased Maximum During Months of October, November, and December [Member]
Line of Credit (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 75		$ 75
Minimum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.375%
Maximum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.50%
LIBOR Rate [Member] | Minimum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.25%
LIBOR Rate [Member] | Maximum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.75%
Prime Rate [Member] | Minimum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.75%
Prime Rate [Member] | Maximum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.25%
Weighted average interest rate on total LIBOR Rate and Prime Rate outstanding borrowings [Member] | Year 2017 [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.69%
Weighted average interest rate on total LIBOR Rate and Prime Rate outstanding borrowings [Member] | Year 2016 [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.73%

Stock Based Compensation (Detai

Stock Based Compensation (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Oct. 28, 2017USD ($)$ / sharesshares
Stock Based Compensation (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $	$ 900
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares	5,000,000
Share Based Compensation Arrangement By Share Based Payment Award Options And Other Than Options Outstanding Number | shares	2,600,000
Share Based Compensation Arrangement By Share Based Payment Award Options And Other Than Options Vested And Expected To Vest Exercisable Number | shares	1,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares	5,000,000
Intrinsic Value of Stock Awards Outstanding | $	$ 1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 1.85
Restricted Stock [Member]
Stock Based Compensation (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $	$ 3,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	15 months
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | shares	1,572,552
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 3.56
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost | $	$ 2,600
Share-based Compensation | $	$ 1,900

Stock Based Compensation (Det43

Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted	9 Months Ended
	Oct. 28, 2017$ / shares
Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted [Line Items]
Dividend yield	0.00%
Weighted average fair value per share of awards granted during the period (in Dollars per share)	$ 0.74
Minimum [Member]
Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted [Line Items]
Expected stock price volatility	40.00%
Risk-free interest rate	1.74%
Expected award life (in years)	5 years 233 days
Maximum [Member]
Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted [Line Items]
Expected stock price volatility	40.60%
Risk-free interest rate	1.83%
Expected award life (in years)	5 years 259 days

Stock Based Compensation (Det44

Stock Based Compensation (Details) - Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award - $ / shares		Oct. 28, 2017	Jan. 29, 2017	Oct. 28, 2017
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Abstract]
Balance January 28, 2017			2,459,564	2,459,564
Balance January 28, 2017			$ 3.58	$ 3.58
Balance January 28, 2017			7 years 109 days
Balance January 28, 2017	[1]		170,927	170,927
Balance January 28, 2017			$ 3.87	$ 3.87
Granted				620,000
Granted				$ 1.84
Granted	[1]			65,000
Granted				$ 1.85
Forfeited				(288,750)
Forfeited				$ 3.07
Cancelled				(164,150)
Cancelled				$ 5.43
Cancelled				(5,000)
Cancelled				$ 3.53
Exercised	[1]			(52,500)
Exercised				$ 3.50
Balance October 28, 2017		2,626,664		2,626,664
Balance October 28, 2017		$ 3.11		$ 3.11
Balance October 28, 2017		7 years 73 days
Balance October 28, 2017	[1]	178,427		178,427
Balance October 28, 2017		$ 3.26		$ 3.26
Exercisable October 28, 2017		1,361,164		1,361,164
Exercisable October 28, 2017		$ 3.32		$ 3.32
Exercisable October 28, 2017		5 years 292 days
Exercisable October 28, 2017	[1]	63,427
Exercisable October 28, 2017		$ 4.50
[1]	Other Share Awards include deferred shares granted to Directors and restricted share units granted to executive officers.

Defined Benefit Plans (Details)

Defined Benefit Plans (Details) $ in Millions	Oct. 28, 2017USD ($)
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	$ 1.2

Defined Benefit Plans (Detail46

Defined Benefit Plans (Details) - Schedule Components of Net Periodic Benefit Cost and Other Comprehensive Income Loss - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Schedule Components of Net Periodic Benefit Cost and Other Comprehensive Income Loss [Abstract]
Service cost		$ 16	$ 15	$ 48	$ 45
Interest cost		139	137	417	411
Amortization of prior service costs		4	55	12	166
Amortization of net gain	[1]	(9)	(4)	(27)	(12)
Net periodic pension cost		$ 150	$ 203	$ 450	$ 610
[1]	The amortization of net gain is related to a Director Retirement Plan previously provided by the Company.

Basic and Diluted Loss Per Sh47

Basic and Diluted Loss Per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.6	1.9	2.6	1.8

Income Taxes (Details)

Income Taxes (Details) $ in Millions	9 Months Ended
	Oct. 28, 2017USD ($)
Domestic Tax Authority [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	$ 181.4
Tax Credit Carryforward Expiration Year	2,036
State and Local Jurisdiction [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	$ 243

Commitments and Contingencies (

Commitments and Contingencies (Details)	May 19, 2017	Apr. 20, 2017
Commitments and Contingencies Disclosure [Abstract]
Description of Filed Claim	On May 19, 2017, Natasha Roper filed a complaintagainst Trans World in the U.S. District Court for the Northern District of New York (Case No.: 1:17-cv-0553-TJM-CFH) in whichshe also alleges that she is entitled to unpaid compensation for overtime under the FLSA. Ms. Roper brings a nationwide collectiveaction under the FLSA on behalf of all similarly situated Store Managers.	Specifically, Carol Spack filed a complaintagainst Trans World Entertainment Corporation (Trans World) in the United States District Court, District of New Jersey, on April20, 2017 (Case No.: 3:17-cv-02687-BRM-LHG) alleging that she is entitled to unpaid compensation for overtime under the federalFair Labor Standards Act (FLSA). She brings a nationwide collective action under the FLSA on behalf of all Store Managers and SeniorAssistant Managers. She also brings class action claims under New Jersey and Pennsylvania law on behalf of all persons who workedas Store Managers in New Jersey or Senior Assistant Managers in Pennsylvania.