Perfumania (PERFQ) 10-Q 9 Sep 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 30, 2016	Sep. 09, 2016
Entity Information [Line Items]
Entity Registrant Name	Perfumania Holdings, Inc.
Entity Central Index Key	880,460
Current Fiscal Year End Date	--01-28
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Jul. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		15,493,763

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 30, 2016	Jan. 30, 2016
Current assets:
Cash	$ 2,284	$ 5,640
Accounts receivable, net of allowances of $3,226 and $1,233 as of April 30, 2016 and January 30, 2016 respectively	29,755	29,602
Inventory, Net	220,635	221,336
Prepaid expenses and other current assets	9,646	9,862
Total current assets	262,320	266,440
Property and equipment, net	23,832	25,892
Goodwill	38,769	38,769
Intangible and other assets, net	17,969	19,945
Total assets	342,890	351,046
Current liabilities:
Accounts payable	33,823	32,175
Accounts payable-affiliates	953	300
Accrued expenses and other liabilities	27,159	33,205
Current portion of obligations under capital leases	1,332	1,248
Total current liabilities	63,267	66,928
Revolving credit facility	23,927	13,078
Notes payable, affiliates	125,366	125,366
Long-term portion of obligations under capital leases	549	1,223
Other long-term liabilities	63,189	60,474
Total liabilities	276,298	267,069
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.10 par value, 1,000,000 shares authorized, as of April 30, 2016 and January 30, 2016, none issued	0	0
Common stock, $0.01 par value, 35,000,000 shares authorized;16,392,012 shares issued as of April 30, 2016 and January 30, 2016	164	164
Additional paid-in capital	222,001	221,961
Accumulated deficit	(146,996)	(129,571)
Treasury stock, at cost, 898,249 shares as of April 30, 2016 and January 30, 2016	(8,577)	(8,577)
Total shareholders’ equity	66,592	83,977
Total liabilities and shareholders’ equity	$ 342,890	$ 351,046

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 30, 2016	Jan. 30, 2016
Accounts receivable, allowance for doubtful accounts	$ 2,948	$ 1,233
Preferred stock par value	$ 0.10	$ 0.10
Preferred stock shares authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Common stock par value	$ 0.01	$ 0.01
Common stock shares authorized	35,000,000	35,000,000
Common stock shares issued	16,392,012	16,392,012
Treasury stock shares	898,249	898,249

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2016	May 02, 2015	Jul. 30, 2016	Aug. 01, 2015
Net sales	$ 97,020	$ 109,306	$ 202,159	$ 237,516
Cost of goods sold	51,996	58,250	105,366	123,982
Gross profit	45,024	51,056	96,793	113,534
Operating expenses:
Selling, General and Administrative Expenses	52,333	63,475	106,261	121,667
Share-based compensation expense	8	74	40	174
Depreciation and amortization	2,025	2,581	4,536	5,200
Total operating expenses	54,366	66,130	110,837	127,041
(Loss) income from operations	(9,342)	(15,074)	(14,044)	(13,507)
Interest expense	(1,674)	(1,723)	(3,381)	(3,455)
Loss before income tax provision	(11,016)	(16,797)	(17,425)	(16,962)
Income Tax Provision	0	0	0	0
Net loss	$ (11,016)	$ (16,797)	$ (17,425)	$ (16,962)
Net loss per common share:
Basic and diluted	$ (0.71)	$ (1.08)	$ (1.12)	$ (1.10)
Weighted average number of common shares outstanding:
Basic and diluted	15,493,763	15,483,640	15,493,763	15,480,151

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Shareholders' Equity - 6 months ended Jul. 30, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]
Balance, shares at Jan. 30, 2016		16,392,012			898,249
Balance at Jan. 30, 2016	$ 83,977	$ 164	$ 221,961	$ (129,571)	$ (8,577)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	40		40
Net loss	(17,425)			(17,425)
Balance, shares at Jul. 30, 2016		16,392,012			898,249
Balance at Jul. 30, 2016	$ 66,592	$ 164	$ 222,001	$ (146,996)	$ (8,577)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015
Cash flows from operating activities:
Net loss	$ (17,425)	$ (16,962)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred financing costs	174	172
Depreciation and amortization	4,536	5,200
Provision (recovery) for losses on accounts receivable	1,721	(319)
Share-based compensation expense	40	174
Change in operating assets and liabilities net of effect of acquisition:
Accounts receivable	(1,874)	3,030
Inventories	701	8,379
Prepaid expenses and other assets	813	2,248
Accounts payable	1,648	4,785
Accounts payable-affiliates	653	844
Accrued expenses and other liabilities and other long-term liabilities	(3,331)	737
Net cash used in operating activities	(12,344)	8,288
Cash flows from investing activities:
Additions to property and equipment	(1,271)	(3,614)
Net cash used in investing activities	(1,271)	(3,614)
Cash flows from financing activities:
Net (repayments) borrowings under bank line of credit	10,849	(3,545)
Principal payments under capital lease obligations	(590)	(515)
Proceeds from exercise of stock options	0	54
Net cash (used in) provided by financing activities	10,259	(4,006)
Net (decrease) increase in cash and cash equivalents	(3,356)	668
Cash and cash equivalents at beginning of period	5,640	1,533
Cash and cash equivalents at end of period	2,284	2,201
Supplemental Information:
Cash paid during the period for Interest	447	725
Cash paid during the period for Income taxes	$ 193	$ 576

Basis of Presentation and Opera

Basis of Presentation and Operations	6 Months Ended
	Jul. 30, 2016
Basis of Presentation and Operations [Abstract]
Basis of Presentation and Operations	BASIS OF PRESENTATION AND OPERATIONS The condensed consolidated balance sheet of Perfumania Holdings, Inc. and Subsidiaries (the "Company") as of January 30, 2016 , which has been derived from our audited financial statements as of and for the year ended January 30, 2016 , and the accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. Certain information and note disclosures normally included in annual financial statements, prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), have been condensed or omitted pursuant to those rules and regulations. The financial information presented herein, which is not necessarily indicative of results to be expected for the full current fiscal year, reflects all adjustments which, in the opinion of management, are necessary for a fair presentation of the interim unaudited condensed consolidated financial statements. Such adjustments are of a normal, recurring nature. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 30, 2016 . Due to the seasonality of the Company’s business, with the most significant activity occurring from September through December each year, the results of operations for the twenty-six weeks ended July 30, 2016 are not necessarily indicative of results to be expected for the full fiscal year. The Company is an independent, national, vertically integrated wholesale distributor and specialty retailer of perfumes and fragrances that conducts business through six wholly-owned operating subsidiaries; Perfumania, Inc. (“Perfumania”), Quality King Fragrance, Inc. (“QFG”), Scents of Worth, Inc. ("SOW"), Perfumania.com, Inc. (“Perfumania.com”), Parlux Fragrances, LLC ("Parlux") and Five Star Fragrance Company, Inc. (“Five Star”). We operate in two industry segments, wholesale distribution and specialty retail sales of designer fragrances and related products. Our wholesale businesses include QFG, Parlux and Five Star. QFG distributes designer fragrances to mass market retailers, drug and other chain stores, retail wholesale clubs, traditional wholesalers, and other distributors throughout the United States. It sells principally to retailers such as Burlington Coat Factory, CVS, Kohl's, Marshalls, Nordstrom Rack, Ross Stores, Sears, Target, Wal-Mart and Walgreens. The Company’s manufacturing divisions, Parlux and Five Star, own and license designer and other fragrance brands that are sold to regional and national department stores, including Belk, Bon Ton, Boscovs, Dillards, Lord & Taylor, Macy's and Stage Stores, international distributors, on military bases throughout the United States, by QFG and through the Company's retail business which is discussed below. Parlux also fulfills a selection of fragrances for several online retailers, shipping directly to their customers and billing the retailers. Five Star also manufactures, on behalf of Perfumania, the Jerome Privee product line, which includes bath and body products and which is sold exclusively in Perfumania's retail stores. All manufacturing operations of Parlux and Five Star are outsourced. Our retail business is conducted through the following subsidiaries: • Perfumania, a specialty retailer of fragrances and related products, • SOW, which sells fragrances in retail stores on a consignment basis, and • Perfumania.com, an Internet retailer of fragrances and other specialty items. As of July 30, 2016 , Perfumania operated a chain of 297 retail stores specializing in the sale of fragrances and related products at discounted prices up to 75% below the manufacturers’ suggested retail prices. Perfumania.com, our Company-owned website, offers a selection of our more popular products for sale online. SOW operates a national designer fragrance consignment program, with contractual relationships to sell products on a consignment basis in approximately 1,300 stores, including approximately 800 Kmart locations nationwide. Its other retail customers include Bealls, K & G and Steinmart.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 30, 2016
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases , which replaces the existing guidance in Accounting Standard Codification 840, Leases . ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. ASU 2016-02 requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and corresponding lease liability. For finance leases the lessee would recognize interest expense and amortization of the right-of-use asset and for operating leases the lessee would recognize straight-line total lease expense. The Company is currently assessing the new standard and its impact on its consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes , which modifies the presentation of noncurrent and current deferred taxes. ASU 2015-17 requires that all deferred tax assets and liabilities be classified as noncurrent on the balance sheet instead of separating deferred taxes into current and noncurrent amounts. The standard is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company adopted ASU No. 2015-17 prospectively effective January 30, 2016 . No prior periods were retrospectively adjusted. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs , intended to simplify the presentation of debt issuance costs. The guidance requires that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the presentation for debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. In August 2015, the FASB issued ASU No. 2015-15, Interest-Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements - Amendments to SEC Paragraphs Pursuant to Staff Announcements at the June 2015 EITF Meeting. ASU 2015-15 amends Subtopic 835-30 to include that the SEC would not object to the deferral and presentation of debt issuance costs as an asset and subsequent amortization of debt issuance costs over the term of the line-of-credit arrangement, whether or not there are any outstanding borrowings on the line-of-credit arrangement. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2015, and must be applied on a retrospective basis with early adoption permitted. This guidance did not have a material impact on the Company's consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers . The update outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration the entity expects to be entitled to in exchange for those goods or services. In August 2015, the FASB approved a one year deferral of the effective date, to make it effective for annual and interim reporting periods beginning after December 15, 2017. The standard allows for either a full retrospective or a modified retrospective transition method. The guidance is not expected to have a material impact on the Company's consolidated financial statements.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts (Notes)	6 Months Ended
	Jul. 30, 2016
Receivables [Abstract]
Allowance for Credit Losses [Text Block]	ALLOWANCE FOR DOUBTFUL ACCOUNTS The Company's accounts receivable consist primarily of trade receivables due from wholesale customers. In May 2016, a Panama based customer of Parlux that distributes in certain Latin American countries was placed on the Specially Designated Nationals list by the Office of Foreign Assets Control of the U.S. Treasury Department. As a result, the customer's assets have been frozen and any dealings between U.S. companies, including Parlux, and the customer have been prohibited. Accordingly, during the thirteen weeks ended April 30, 2016, management reserved the outstanding accounts receivable balance from the customer of approximately $1.7 million due to the uncertainty of future collection of these receivables.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jul. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill in the amount of $38.8 million at July 30, 2016 and January 30, 2016 resulted from the April 18, 2012 acquisition of Parlux. The following table provides information related to goodwill and intangible assets (in thousands). Intangible assets are included in intangible and other assets, net on the accompanying condensed consolidated balance sheets as of July 30, 2016 and January 30, 2016 : July 30, 2016 January 30, 2016 Useful Life (years) Original Cost Accumulated Amortization Net Book Value Original Cost Accumulated Amortization Net Book Value Goodwill N/A $ 38,769 $ — $ 38,769 $ 38,769 $ — $ 38,769 Tradenames 4-20 9,357 7,890 1,467 9,357 7,696 1,661 Customer relationships 10 5,171 2,240 2,931 5,171 1,982 3,189 Favorable leases 7 886 886 — 886 865 21 License agreements 3-5 16,313 15,366 947 16,313 14,640 1,673 Tradename (non-amortizing) N/A 8,500 — 8,500 8,500 — 8,500 $ 78,996 $ 26,382 $ 52,614 $ 78,996 $ 25,183 $ 53,813 In accordance with US GAAP, goodwill and intangible assets with indefinite lives are not amortized, but rather tested for impairment at least annually by comparing the estimated fair values to their carrying values. Trademarks, including tradenames and owned licenses having finite lives, are amortized over their respective lives to their estimated residual values and are also reviewed for impairment in accordance with accounting standards when changes in circumstances indicate the assets’ values may be impaired. Customer relationships are amortized over the expected period of benefit and license agreements are amortized over the remaining contractual term. Impairment testing is based on a review of forecasted operating cash flows and the profitability of the related brand to determine its fair value. There were no triggering events during the thirteen or twenty-six weeks ended July 30, 2016 that would indicate potential impairment and the requirement to review the carrying value of goodwill and intangible assets. Amortization expense associated with intangible assets subject to amortization is included in depreciation and amortization on the accompanying condensed consolidated statements of operations. Amortization expense for intangible assets subject to amortization was $0.4 million and $1.1 million during the thirteen weeks ended July 30, 2016 and August 1, 2015 , respectively, and $1.2 million and $2.2 million for the twenty-six weeks ended July 30, 2016 and August 1, 2015 , respectively. As of July 30, 2016 , estimated future amortization expense associated with intangible assets subject to amortization is as follows (in thousands): Fiscal Year Amortization Expense Remainder of 2016 $ 685 2017 1,366 2018 986 2019 709 2020 684 2021 682 Thereafter 233 $ 5,345

Accounting For Share-Based Paym

Accounting For Share-Based Payments	6 Months Ended
	Jul. 30, 2016
ACCOUNTING FOR SHARE-BASED PAYMENTS [Abstract]
Accounting for Share-Based Payments	ACCOUNTING FOR SHARE-BASED PAYMENTS The 2010 Equity Incentive Plan (the “2010 Plan”) provides for equity-based awards to the Company’s employees, directors and consultants. Under the 2010 Plan, the Company initially reserved 1,000,000 shares of common stock for issuance. This number automatically increases on the first trading day of each fiscal year beginning with fiscal 2011, by an amount equal to 1.5% of the shares of common stock outstanding as of the last trading day of the immediately preceding fiscal year; accordingly, 2,194,305 shares of common stock were reserved for issuance as of July 30, 2016 . The Company previously had two stock option plans which expired on October 31, 2010. No further awards will be granted under these plans, although all options previously granted and outstanding will remain outstanding until they are either exercised or forfeited. As of July 30, 2016 , 774,252 stock options have been granted pursuant to the 2010 Plan. The following is a summary of the stock option activity during the twenty-six weeks ended July 30, 2016 : Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands) Outstanding as of January 30, 2016 975,916 $ 8.01 Granted 10,000 2.86 Exercised — — Forfeited (153,164 ) 7.83 Outstanding as of July 30, 2016 832,752 $ 7.98 5.9 $ — Vested and expected to vest as of July 30, 2016 832,752 $ 7.98 5.9 $ — Exercisable as of July 30, 2016 812,748 $ 8.07 5.9 $ — The following is a summary of stock warrants activity during the twenty-six weeks ended July 30, 2016 : Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands) Outstanding as of January 30, 2016 6,299,971 $ 11.80 Granted — — Exercised — — Forfeited — — Outstanding as of July 30, 2016 6,299,971 $ 11.80 1.9 $ — Vested as of July 30, 2016 6,299,971 $ 11.80 1.9 $ — Exercisable as of July 30, 2016 6,299,971 $ 11.80 1.9 $ — Share-based compensation expense was less than $0.1 million and $0.1 million during the thirteen weeks ended July 30, 2016 and August 1, 2015 and less than $0.1 million and $0.2 million during the twenty-six weeks ended July 30, 2016 and August 1, 2015 , respectively.

Revolving Credit Facility and N

Revolving Credit Facility and Notes Payable to Affiliates	3 Months Ended
	Apr. 30, 2016
REVOLVING CREDIT FACILITY AND NOTES PAYABLE TO AFFILIATES [Abstract]
Revolving Credit Facility and Notes Payable to Affiliates	REVOLVING CREDIT FACILITY AND NOTES PAYABLE TO AFFILIATES The Company’s revolving credit facility and notes payable to affiliates consist of the following: July 30, 2016 January 30, 2016 (in thousands) Revolving credit facility, interest payable monthly, secured by a pledge of substantially all of the Company's assets $ 23,927 $ 13,078 Subordinated notes payable-affiliates 125,366 125,366 149,293 138,444 Less current portion — — Total long-term debt $ 149,293 $ 138,444 The Company has a revolving Senior Credit Facility with a syndicate of banks that is used for the Company’s general corporate purposes including working capital and capital expenditures. The maximum borrowing amount under the Senior Credit Facility is $175 million and the termination date is April 2019. Under this facility, which does not require amortization of principal, revolving loans may be drawn, repaid and reborrowed up to the amount available under a borrowing base calculated with reference to specified percentages of the Company’s credit card and trade receivables and inventory, which may be reduced by the lender in its reasonable discretion. The Company must maintain excess availability under the facility of at least $10 million . As of July 30, 2016 , the Company had $70.4 million of net ava ilability which includes $25 million for letters of credit. Interest under the Senior Credit Facility is at variable rates plus specified margins that are determined based upon the Company’s excess availability from time to time. The Company is also required to pay monthly commitment fees based on the unused amount of the Senior Credit Facility and a monthly fee with respect to outstanding letters of credit. As of July 30, 2016 , the interest rate on LIBOR Rate borrowings was 2.5% and the interest rate on base rate borrowings was 4.5% . All obligations of the Company related to the Senior Credit Facility are secured by first priority perfected security interests in all personal and real property owned by the Company, including without limitation 100% (or, in the case of excluded foreign subsidiaries, 66% ) of the outstanding equity interests in the subsidiaries. The Company is subject to customary limitations on its ability to, among other things, pay dividends and make distributions, make investments and enter into joint ventures, and dispose of assets. The Company was in compliance with all financial and operating covenants as of July 30, 2016 . In addition, the Company has outstanding unsecured debt obligations to affiliates as follows: (i) a promissory note in the principal amount of $35 million , (the “QKD Note”) held by Quality King Distributors, Inc. ("Quality King"), which provides for payment of principal in quarterly installments between July 31, 2019 and October 31, 2022, with a final installment on October 31, 2022 of the remaining balance, and payment of interest in quarterly installments commencing on January 31, 2011 at the then current senior debt rate, as defined in the Senior Credit Facility, plus 1% per annum; (ii) promissory notes in the aggregate principal amount of approximately $85.4 million held by six estate trusts established by Glenn, Stephen and Arlene Nussdorf (the “Nussdorf Trust Notes”), which provide for payment of the principal in full on July 31, 2019 and payments of interest in quarterly installments commencing on July 31, 2012 at the then current senior debt rate plus 2% per annum; and (iii) a promissory note in the principal amount of $5 million held by Glenn and Stephen Nussdorf (the “2004 Note”), which provided for payment in January 2009 and is currently in default because of the restrictions on payment described below, resulting in an increase of 2% in the nominal interest rate, which is the prime rate plus 1% . These notes are subordinated to the Senior Credit Facility. No principal may be paid on any of them until three months after the Senior Credit Facility terminates and is paid in full, and payment of interest is subject to satisfaction of certain conditions, including the Company’s maintaining excess availability under the Senior Credit Facility of the greater of $17.5 million or 17.5% of the borrowing base certificate after giving effect to the payment, and a fixed charge coverage ratio, as defined in the credit agreement, of 1.1 :1.0. Interest expense on these notes was approximately $1.4 million and $1.3 million for the thirteen weeks ended July 30, 2016 and August 1, 2015 , respectively, and $2.9 million million and $2.6 million for the twenty-six weeks ended July 30, 2016 and August 1, 2015 , respectively, and is included in interest expense on the accompanying condensed consolidated statements of operations. No payments of principal or interest have been made on the QKD Note or the Nussdorf Trust Notes. On the 2004 Note, no payments of principal have been made and no interest payments have been made since October 2008. Accrued interest payable due at July 30, 2016 and January 30, 2016 on the Nussdorf Trust Notes, the QKD Note, and the 2004 Note was approximately $47.7 million and $44.8 million , respectively, and is included in other long-term liabilities on the accompanying condensed consolidated balance sheets as of July 30, 2016 and January 30, 2016 , respectively.

Accounting for Income Taxes

Accounting for Income Taxes	6 Months Ended
	Jul. 30, 2016
ACCOUNTING FOR INCOME TAXES [Abstract]
Accounting for Income Taxes	ACCOUNTING FOR INCOME TAXES The Company conducts business throughout the United States, Puerto Rico, Brazil and the United States Virgin Islands and, as a result, files income tax returns in the U.S. Federal and various state jurisdictions, Puerto Rico, Brazil and the United States Virgin Islands. In the normal course of business the Company is subject to examinations in these jurisdictions. With few exceptions, the Company is no longer subject to U.S. Federal, state, local or Puerto Rico income tax examinations for fiscal years prior to 2008. State and foreign income tax returns are generally subject to examination for a period of three to five years after filing of the respective return. The state impact of any Federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states. The Company continues to provide a full valuation allowance against its net deferred tax assets due to the uncertainty as to when business conditions will improve sufficiently to enable it to utilize its deferred tax assets. As a result, the Company did not record a Federal or state tax benefit on its operating losses for the thirteen and twenty-six weeks ended July 30, 2016 , since the Company has pre-tax losses for those periods. During the thirteen and twenty-six weeks ended July 30, 2016 , there were no changes to the liability for income tax associated with uncertain tax positions. The Company accrues interest related to unrecognized tax benefits as well as any related penalties in the income tax provision in its condensed consolidated statements of operations, which is consistent with the recognition of these items in prior reporting periods. The accrual for interest and penalties related to uncertain tax positions as of July 30, 2016 and January 30, 2016 was not significant. The Company does not anticipate any material adjustments relating to unrecognized tax benefits within the next twelve months; however, the ultimate outcome of tax matters is uncertain and unforeseen results can occur.

Basic and Diluted Net Loss Per

Basic and Diluted Net Loss Per Common Share	6 Months Ended
	Jul. 30, 2016
Earnings Per Share [Abstract]
Basic and Diluted Net Loss Per Common Share	BASIC AND DILUTED NET LOSS PER COMMON SHARE Basic net loss per common share has been computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per common share includes, in periods in which they are dilutive, the effect of those potentially dilutive securities where the average market price of the common stock exceeds the exercise prices for the respective periods. During the thirteen and twenty-six weeks ended July 30, 2016 and August 1, 2015 there were 7,132,723 and 7,405,635 , respectively, potentially dilutive shares of common stock related to stock options and warrants which were excluded from the diluted loss per share calculation because the effect of including these potentially dilutive shares was antidilutive.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 30, 2016
FAIR VALUE MEASUREMENTS [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The Company applies authoritative accounting guidance regarding fair value and disclosures as it applies to financial and non-financial assets and liabilities. The guidance defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date. The three levels are defined as follows: Level 1: Observable inputs such as quoted prices in active markets (the fair value hierarchy gives the highest priority to Level 1 inputs); Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data and require the reporting entity to develop its own assumptions. As of July 30, 2016 , the Company had no material financial assets or liabilities measured on a recurring basis at fair value. The Company measures certain assets at fair value on a non-recurring basis, specifically long-lived assets evaluated for impairment. No such impairments were recorded during the twenty-six weeks ended July 30, 2016 and August 1, 2015 . The fair values of the Company’s assets and liabilities that qualify as financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and short-term debt are carried at cost, which approximates fair value due to the short-term maturity of these instruments. The reported amounts of long-term obligations approximate fair value, given management’s evaluation of the instruments’ current rates compared to market rates of interest and other factors.

Contingencies

Contingencies	6 Months Ended
	Jul. 30, 2016
CONTINGENCIES [Abstract]
Contingencies	CONTINGENCIES The Company is involved in various legal proceedings in the ordinary course of business. Management cannot presently predict the outcome of these matters, although management believes, based in part on the advice of counsel, that the ultimate resolution of these matters will not have a materially adverse effect on the Company's consolidated financial position, results of operations or cash flows. See discussion of litigation with licensor in Note 11 of this Form 10-Q.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jul. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	RELATED-PARTY TRANSACTIONS Glenn, Stephen and Arlene Nussdorf owned an aggregate 7,742,282 shares or approximately 50.0% of the total number of shares of the Company’s outstanding common stock as of July 30, 2016 , excluding shares issuable upon exercise of certain warrants and not assuming the exercise of any outstanding options. Stephen Nussdorf has served as the Chairman of the Company’s Board of Directors since February 2004 and Executive Chairman of the Board since April 2011. The Nussdorfs are officers and principals of Quality King, which distributes pharmaceuticals and health and beauty care products, and the Company’s President and Chief Executive Officer, Michael W. Katz, is also an executive of Quality King. See Note 6 for a discussion of notes payable to affiliates. Transactions With Affiliated Companies Glenn Nussdorf has an ownership interest in Lighthouse Beauty Marketing, LLC, Lighthouse Beauty, LLC and Lighthouse Beauty KLO, LLC (collectively the "Lighthouse Companies"), all of which are manufacturers and distributors of prestige fragrances. He also had an ownership interest in Cloudbreak Holdings, LLC ("Cloudbreak"), which was a manufacturer and distributor of prestige fragrances. The Company has purchased merchandise from the Lighthouse Companies and Cloudbreak. The Company purchases merchandise from Jacavi Beauty Supply, LLC (“Jacavi”), a fragrance distributor. Jacavi's managing member is Rene Garcia. Rene Garcia, his family trusts and related entities are members of a group (the "Garcia Group") that owned an aggregate 2,211,269 shares, or approximately 14.3% , of the total number of shares of the Company's outstanding common stock as of July 30, 2016 , excluding shares issuable upon exercise of certain warrants. See disclosures of merchandise purchases in the table below. The Company sells merchandise to Reba Americas LLC ("Reba"), which distributes fragrances primarily in Puerto Rico and the Caribbean. Family trusts of Rene Garcia own 50% of Reba. Net sales to Reba were approximately $0.9 million and $0.3 million during the thirteen weeks ended July 30, 2016 and August 1, 2015 , respectively, and approximately $1.6 million during each of the twenty-six weeks ended July 30, 2016 and August 1, 2015 . The balance due from Reba as of July 30, 2016 and January 30, 2016 was approximately $0.8 million and $0.2 million , respectively, and is included in accounts receivable, net of allowances, on the accompanying condensed consolidated balance sheets. The Company also purchased certain merchandise from Reba during the twenty-six weeks ended July 30, 2016 and August 1, 2015 . The amounts due to these related companies are non-interest bearing and are included in accounts payable-affiliates in the accompanying condensed consolidated balance sheets. Transactions for merchandise purchases with these related companies during the thirteen and twenty-six weeks ended July 30, 2016 and August 1, 2015 were as follows (in thousands): Total Purchases Thirteen Weeks Ended July 30, 2016 Total Purchases Thirteen Weeks Ended August 1, 2015 Total Purchases Twenty-six Weeks Ended July 30, 2016 Total Purchases Twenty-six Weeks Ended August 1, 2015 Balance Due July 30, 2016 Balance Due January 30, 2016 Lighthouse Companies $ — $ — $ — $ — $ 117 $ 134 Jacavi 840 4,666 2,289 6,240 787 29 Quality King 37 — 50 31 — (9 ) Cloudbreak — — — — 18 18 Reba 2,172 395 2,294 803 — 90 $ 3,049 $ 5,061 $ 4,633 $ 7,074 $ 922 $ 262 Glenn, Stephen and Arlene Nussdorf own GSN Trucking, Inc. (“GSN”) which provides general transportation and freight services. The Company periodically utilizes GSN to transport both inbound purchases of merchandise and outbound shipments to wholesale customers. There were no payments to GSN during the twenty-six weeks ended July 30, 2016 . During the twenty-six weeks ended August 1, 2015 , total payments to GSN for transportation services provided were less than $0.1 million . There was no balance due to GSN at July 30, 2016 or January 30, 2016 . Quality King leases a 560,000 square foot facility in Bellport, NY. The Company began occupying approximately half of this facility in December 2007 under a sublease that terminates on September 30, 2027 and this location serves as the Company’s principal offices. As of July 30, 2016 , the monthly current sublease payments are approximately $226,000 and increase by 3% annually. Total payments by the Company to Quality King for this sublease were approximately $0.7 million during each of the thirteen weeks ended July 30, 2016 and August 1, 2015 , and $1.4 million during each of the twenty-six weeks ended July 30, 2016 and August 1, 2015 . The Company and Quality King are parties to a Services Agreement providing for the Company’s participation in certain third party arrangements at the Company’s respective share of Quality King’s cost, including allocated overhead, plus a 2% administrative fee, and the provision of legal services. The Company also shares with Quality King the economic benefit of the bulk rate contract that the Company has with UPS to ship Quality King’s merchandise and related items. The Services Agreement will terminate on thirty days’ written notice from either party. The expenses charged under these arrangements to the Company were $0.2 million and $0.1 million during the thirteen weeks ended July 30, 2016 and August 1, 2015 , respectively, and $0.4 million and $0.6 million during the twenty-six weeks ended July 30, 2016 and August 1, 2015 , respectively. The balance due to Quality King for expenses charged under the Services Agreement was less than $0.1 million at July 30, 2016 and January 30, 2016 . On April 18, 2012, Parlux, Artistic Brands Development LLC (“Artistic Brands”) (a company controlled by Rene Garcia), Shawn C. Carter (who is the beneficial owner of 10% of the Company’s common stock) and S. Carter Enterprises, LLC entered into a sublicense agreement and Artistic Brands, Shawn Carter and S. Carter Enterprises, LLC entered into a license agreement. In connection with these agreements, the Company issued to Artistic Brands and its designees, including Shawn Carter, warrants for the purchase of an aggregate of 1,599,999 shares of the Company's common stock at an exercise price of $8.00 per share. Pursuant to the license agreement, Artistic Brands obtained the exclusive right and license to manufacture, promote, distribute, and sell prestige fragrances and related products under the Jay-Z trademark. The initial term of the license agreement expires at the earlier of (i) five years following the first date on which licensed products are shipped and (ii) December 31, 2018. Artistic Brands has the right to renew the license agreement, so long as certain financial conditions are met and it has not otherwise breached the agreement. Pursuant to the license agreement, Artistic Brands agreed to make certain royalty payments, including certain guaranteed minimum royalties. Pursuant to the sublicense agreement, Artistic Brands sublicensed all rights granted under the license agreement to the Company, and in return the Company assumed all of Artistic Brands' obligations under the license agreement, including making all royalty payments and certain guaranteed minimum royalties owed to S. Carter Enterprises, LLC. No royalties have been paid during the thirteen or twenty-six weeks ended July 30, 2016 . During the twenty-six weeks ended August 1, 2015 , the Company paid $0.3 million of royalties pursuant to the sublicense agreement. On January 8, 2016, the Company and Parlux filed a lawsuit against S. Carter Enterprises, LLC and Shawn C. Carter in the Supreme Court of the State of New York, County of New York. In general, the lawsuit alleges that the defendants have breached the license described above and related agreements by not acting timely or in good-faith in approving products and launches under the license and not supporting the brand via personal appearances as required by the license. The lawsuit seeks a determination that such breaches undermine the essence of the license thereby warranting rescission of the license, return of the consideration paid on account of the license and related agreements, monetary damages, and other relief. On May 6, 2016, the defendants filed an answer in the nature of a general denial, with a counterclaim for inter alia amounts allegedly due to them under the license agreements in the amount of approximately $2.7 million . The Company has filed a reply to that counterclaim in the nature of a general denial. Discovery has commenced. The Court has set a schedule which calls for the conclusion of fact and expert discovery by June 23, 2017, with dispositive motion practice to follow. The parties have begun the initial discovery process, which is ongoing. The Company intends to vigorously pursue its claims and to defend the counterclaim.

Segment Information

Segment Information	6 Months Ended
	Jul. 30, 2016
SEGMENT INFORMATION [Abstract]
Segment Information	SEGMENT INFORMATION The Company operates in two industry segments, wholesale distribution and specialty retail sales of designer fragrance and related products. Management reviews segment information by segment and on a consolidated basis each month. Retail sales include sales through Perfumania retail stores, the SOW consignment business and the Company’s internet site, Perfumania.com. Wholesale sales include sales through QFG, Parlux and Five Star to unrelated customers. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in the Annual Report on Form 10-K for the fiscal year ended January 30, 2016 . The Company’s chief operating decision maker, who is its Chief Executive Officer, assesses segment performance by reference to gross profit. Each of the segments has its own assets, liabilities, revenues and cost of goods sold. While each segment has certain unallocated operating expenses, these expenses are not reviewed by the chief operating decision maker on a segment basis, but rather on a consolidated basis. Financial information for these segments is summarized in the following table: Thirteen Weeks Ended July 30, 2016 Thirteen Weeks Ended August 1, 2015 Twenty-six Weeks Ended July 30, 2016 Twenty-six Weeks Ended August 1, 2015 (in thousands) Net sales: Retail $ 54,351 $ 68,653 $ 106,026 $ 137,323 Wholesale 42,669 40,653 96,133 100,193 $ 97,020 $ 109,306 $ 202,159 $ 237,516 Gross profit: Retail $ 27,128 $ 34,514 $ 53,457 $ 67,994 Wholesale 17,896 16,542 43,336 45,540 $ 45,024 $ 51,056 $ 96,793 $ 113,534 July 30, 2016 January 30, 2016 Total assets: Wholesale $ 679,489 $ 636,924 Retail 366,717 372,651 1,046,206 1,009,575 Eliminations (a) (703,316 ) (658,529 ) Consolidated assets $ 342,890 $ 351,046 (a) Adjustment to eliminate intercompany receivables and investment in subsidiaries

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jul. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The following table provides information related to goodwill and intangible assets (in thousands). Intangible assets are included in intangible and other assets, net on the accompanying condensed consolidated balance sheets as of July 30, 2016 and January 30, 2016 : July 30, 2016 January 30, 2016 Useful Life (years) Original Cost Accumulated Amortization Net Book Value Original Cost Accumulated Amortization Net Book Value Goodwill N/A $ 38,769 $ — $ 38,769 $ 38,769 $ — $ 38,769 Tradenames 4-20 9,357 7,890 1,467 9,357 7,696 1,661 Customer relationships 10 5,171 2,240 2,931 5,171 1,982 3,189 Favorable leases 7 886 886 — 886 865 21 License agreements 3-5 16,313 15,366 947 16,313 14,640 1,673 Tradename (non-amortizing) N/A 8,500 — 8,500 8,500 — 8,500 $ 78,996 $ 26,382 $ 52,614 $ 78,996 $ 25,183 $ 53,813
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	As of July 30, 2016 , estimated future amortization expense associated with intangible assets subject to amortization is as follows (in thousands): Fiscal Year Amortization Expense Remainder of 2016 $ 685 2017 1,366 2018 986 2019 709 2020 684 2021 682 Thereafter 233 $ 5,345

Accounting For Share-Based Pa20

Accounting For Share-Based Payments (Tables)	6 Months Ended
	Jul. 30, 2016
ACCOUNTING FOR SHARE-BASED PAYMENTS [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following is a summary of the stock option activity during the twenty-six weeks ended July 30, 2016 : Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands) Outstanding as of January 30, 2016 975,916 $ 8.01 Granted 10,000 2.86 Exercised — — Forfeited (153,164 ) 7.83 Outstanding as of July 30, 2016 832,752 $ 7.98 5.9 $ — Vested and expected to vest as of July 30, 2016 832,752 $ 7.98 5.9 $ — Exercisable as of July 30, 2016 812,748 $ 8.07 5.9 $ —
Schedule of Share-based Compensation, Activity [Table Text Block]	The following is a summary of stock warrants activity during the twenty-six weeks ended July 30, 2016 : Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands) Outstanding as of January 30, 2016 6,299,971 $ 11.80 Granted — — Exercised — — Forfeited — — Outstanding as of July 30, 2016 6,299,971 $ 11.80 1.9 $ — Vested as of July 30, 2016 6,299,971 $ 11.80 1.9 $ — Exercisable as of July 30, 2016 6,299,971 $ 11.80 1.9 $ —

Revolving Credit Facility and21

Revolving Credit Facility and Notes Payable to Affiliates (Tables)	6 Months Ended
	Jul. 30, 2016
REVOLVING CREDIT FACILITY AND NOTES PAYABLE TO AFFILIATES [Abstract]
Schedule of Debt [Table Text Block]	The Company’s revolving credit facility and notes payable to affiliates consist of the following: July 30, 2016 January 30, 2016 (in thousands) Revolving credit facility, interest payable monthly, secured by a pledge of substantially all of the Company's assets $ 23,927 $ 13,078 Subordinated notes payable-affiliates 125,366 125,366 149,293 138,444 Less current portion — — Total long-term debt $ 149,293 $ 138,444

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jul. 30, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Transactions for merchandise purchases with these related companies during the thirteen and twenty-six weeks ended July 30, 2016 and August 1, 2015 were as follows (in thousands): Total Purchases Thirteen Weeks Ended July 30, 2016 Total Purchases Thirteen Weeks Ended August 1, 2015 Total Purchases Twenty-six Weeks Ended July 30, 2016 Total Purchases Twenty-six Weeks Ended August 1, 2015 Balance Due July 30, 2016 Balance Due January 30, 2016 Lighthouse Companies $ — $ — $ — $ — $ 117 $ 134 Jacavi 840 4,666 2,289 6,240 787 29 Quality King 37 — 50 31 — (9 ) Cloudbreak — — — — 18 18 Reba 2,172 395 2,294 803 — 90 $ 3,049 $ 5,061 $ 4,633 $ 7,074 $ 922 $ 262

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Apr. 30, 2016
SEGMENT INFORMATION [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Financial information for these segments is summarized in the following table: Thirteen Weeks Ended July 30, 2016 Thirteen Weeks Ended August 1, 2015 Twenty-six Weeks Ended July 30, 2016 Twenty-six Weeks Ended August 1, 2015 (in thousands) Net sales: Retail $ 54,351 $ 68,653 $ 106,026 $ 137,323 Wholesale 42,669 40,653 96,133 100,193 $ 97,020 $ 109,306 $ 202,159 $ 237,516 Gross profit: Retail $ 27,128 $ 34,514 $ 53,457 $ 67,994 Wholesale 17,896 16,542 43,336 45,540 $ 45,024 $ 51,056 $ 96,793 $ 113,534 July 30, 2016 January 30, 2016 Total assets: Wholesale $ 679,489 $ 636,924 Retail 366,717 372,651 1,046,206 1,009,575 Eliminations (a) (703,316 ) (658,529 ) Consolidated assets $ 342,890 $ 351,046 (a) Adjustment to eliminate intercompany receivables and investment in subsidiaries

Basis of Presentation and Ope24

Basis of Presentation and Operations (Details)	6 Months Ended
	Jul. 30, 2016storesubsidiarysegment
Subsidiaries [Line Items]
Number of subsidiaries | subsidiary	6
Number of Operating Segments | segment	2
Subsidaries, Perfumania [Member]
Subsidiaries [Line Items]
Number of Stores	297
Subsidiaries, Scents of Worth [Member]
Subsidiaries [Line Items]
Number of Stores	1,300
Subsidiaries, Scents of Worth [Member] | Kmart [Member]
Subsidiaries [Line Items]
Number of Stores	800
Maximum [Member] | Subsidaries, Perfumania [Member]
Subsidiaries [Line Items]
Product Pricing, Discount from Manufacturer's Suggested Retail Price	75.00%

Allowance for Doubtful Accoun25

Allowance for Doubtful Accounts (Details) $ in Millions	Apr. 30, 2016USD ($)
Receivables [Abstract]
Allowance for Doubtful Accounts Receivable	$ 1.7

Goodwill and Intangible Asset26

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2016	May 02, 2015	Nov. 02, 2013	Jul. 30, 2016	Jan. 30, 2016
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Original Cost				$ 38,769	$ 38,769
Goodwill, Net Book Value				38,769	38,769
Intangible Assets, Original Cost				78,996	78,996
Intangible Assets, Accumulated Amortization				26,382	25,183
Intangible Assets, Net Book Value				52,614	53,813
Amortization of Intangible Assets	$ 400	$ 1,100
Trade Names [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Intangible Assets, Original Cost				9,357	9,357
Intangible Assets, Accumulated Amortization				7,890	7,696
Intangible Assets, Net Book Value				1,467	1,661
Customer Relationships [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Useful Life (in years)			10 years
Intangible Assets, Original Cost				5,171	5,171
Intangible Assets, Accumulated Amortization				2,240	1,982
Intangible Assets, Net Book Value				2,931	3,189
Lease Agreements [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Useful Life (in years)			7 years
Intangible Assets, Original Cost				886	886
Intangible Assets, Accumulated Amortization				886	865
Intangible Assets, Net Book Value				0	21
Licensing Agreements [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Intangible Assets, Original Cost				16,313	16,313
Intangible Assets, Accumulated Amortization				15,366	14,640
Intangible Assets, Net Book Value				947	1,673
Trademarks [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Intangible Assets, Original Cost				8,500	8,500
Intangible Assets, Accumulated Amortization				0	0
Intangible Assets, Net Book Value				$ 8,500	$ 8,500
Minimum [Member] | Trade Names [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Useful Life (in years)			4 years
Minimum [Member] | Licensing Agreements [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Useful Life (in years)			3 years
Maximum [Member] | Trade Names [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Useful Life (in years)			20 years
Maximum [Member] | Licensing Agreements [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Useful Life (in years)			5 years

Goodwill and Intangible Asset27

Goodwill and Intangible Assets - Schedule of Future Amortization (Details) $ in Thousands	Apr. 30, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of Current Fiscal Year	$ 685
2,015	1,366
2,016	986
2,017	709
2,018	684
2,019	682
Thereafter	233
Total	$ 5,345

Goodwill and Intangible Asset28

Goodwill and Intangible Assets - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May 02, 2015	Jul. 30, 2016	Jan. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill			$ 38,769	$ 38,769
Amortization of Intangible Assets	$ 400	$ 1,100

Accounting For Share-Based Pa29

Accounting For Share-Based Payments - Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	May 02, 2015	Jul. 30, 2016	Aug. 01, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 8	$ 74	$ 74	$ 40	$ 174
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of period (number of shares)				975,916
Granted (number of shares)				10,000
Exercised (number of shares)				0
Forfeited (number of shares)				(153,164)
Outstanding at end of period (number of shares)	832,752			832,752
Vested and expected to vest at end of period (number of shares)	832,752			832,752
Exercisable at beginning of period (number of shares)	812,748			812,748
Outstanding at beginning of period (weighted average exercise price)				$ 8.01
Granted (weighted average exercise price)				2.86
Exercised (weighted average exercise price)				0
Forfeited (weighted average exercise price)				7.83
Outstanding at end of period (weighted average exercise price)	$ 7.98			7.98
Vested and expected to vest at end of period (weighted average exercise price)	7.98			7.98
Exercisable at end of period (weighted average exercise price)	$ 8.07			$ 8.07
Outstanding at end of period (weighted average remaining contractual life)				5 years 10 months 24 days
Vested and expected to vest at end of period (weighted average remaining contractual life)				5 years 10 months 24 days
Exercisable at end of period (weighted average remaining contractual life)				5 years 10 months 24 days
Outstanding at end of period (aggregate intrinsic value)	$ 0			$ 0
Vested and expected to vest at end of period (aggregate intrinsic value)	0			0
Exercisable at end of period (aggregate intrinsic value)	$ 0			$ 0

Accounting For Share-Based Pa30

Accounting For Share-Based Payments - Warrants (Details) - Warrant [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jul. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period (number of warrants) | shares	6,299,971
Granted (number of warrants) | shares	0
Exercised (number of warrants) | shares	0
Forfeited (number of warrants) | shares	0
Outstanding at beginning of period (number of warrants) | shares	6,299,971
Vested at end of period (number of warrants) | shares	6,299,971
Exercisable at end of period (number of warrants) | shares	6,299,971
Outstanding at beginning of period (weighted average exercise price) | $ / shares	$ 11.80
Granted (weighted average exercise price) | $ / shares	0
Exercised (number of warrants) | $ / shares	0
Forfeited (number of warrants) | $ / shares	0
Outstanding at end of period (weighted average exercise price) | $ / shares	11.80
Vested at end of period (number of warrants) | $ / shares	11.80
Exercisable at end of period (number of warrants) | $ / shares	$ 11.80
Outstanding at end of period (weighted average remaining contractual life)	1 year 10 months 24 days
Vested at end of period (weighted average remaining contractual life)	1 year 10 months 24 days
Exercisable at end of period (weighted average remaining contractual life)	1 year 10 months 24 days
Outstanding at end of period (aggregate intrinsic value) | $	$ 0
Vested at end of period (aggregate intrinsic value) | $	0
Exercisable at end of period (aggregate intrinsic value) | $	$ 0

Accounting For Share-Based Pa31

Accounting For Share-Based Payments - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	May 02, 2015	Jul. 30, 2016	Aug. 01, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,000,000			1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Annual Percentage Increase in Shares Authorized				1.50%
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	2,194,305			2,194,305
Share-based compensation expense	$ 8	$ 74	$ 74	$ 40	$ 174
The 2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at end of period (number of shares)	774,252			774,252

Revolving Credit Facility and32

Revolving Credit Facility and Notes Payable to Affiliates - Schedule (Details) - USD ($) $ in Thousands	Jul. 30, 2016	Jan. 30, 2016
REVOLVING CREDIT FACILITY AND NOTES PAYABLE TO AFFILIATES [Abstract]
Revolving credit facility	$ 23,927	$ 13,078
Subordinated notes payable, affiliates	125,366	125,366
Debt, current and noncurrent	149,293	138,444
Less current portion	0	0
Total long-term debt	$ 149,293	$ 138,444

Revolving Credit Facility and33

Revolving Credit Facility and Notes Payable to Affiliates - Textuals (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 30, 2016USD ($)real_estate_trust	Aug. 01, 2015USD ($)	May 02, 2015USD ($)	Jul. 30, 2016USD ($)real_estate_trust	Aug. 01, 2015USD ($)	Apr. 30, 2016USD ($)	Jan. 30, 2016USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 175,000			$ 175,000
Line of Credit Facility, Covenant Terms, Minimum Availability	10,000			10,000
Line of Credit Facility, Remaining Borrowing Capacity	70,400			70,400
Letter of credit, available amount	25,000			25,000
Notes payable, affiliates	125,366			125,366			$ 125,366
Interest expense	1,674		$ 1,723	3,381	$ 3,455
Notes Payable, Related Parties [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Payments, Covenant Terms, Minimum Availability of Revolving Credit Facility, Alternative	$ 17,500			$ 17,500
Debt Instrument, Interest Payments, Covenant Terms, Minimum Availability of Revolving Credit Facility, Percent of Borrowing Base, Alternative	17.50%			17.50%
Debt Instrument, Covenant Terms, Minimum Fixed Charge Coverage Ratio				1.1
Interest expense	$ 1,400	$ 1,300		$ 2,900	$ 2,600
Interest Payable						$ 47,700	$ 44,800
Reference Rate, LIBOR [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End	2.50%			2.50%
Reference Rate, Base Rate [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End	4.50%			4.50%
Parent Company and Domestic Subsidiaries [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Collateral, Percent of Outstanding Equity Interests in Subsidiaries	100.00%			100.00%
Foreign Subsidiaries [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Collateral, Percent of Outstanding Equity Interests in Subsidiaries	66.00%			66.00%
Affiliates, Quality King Distributors, Inc. [Member]
Debt Instrument [Line Items]
Notes payable, affiliates	$ 35,000			$ 35,000
Affiliates, Quality King Distributors, Inc. [Member] | Notes Payable, Related Parties [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.00%
Nussdorf Trusts [Member]
Debt Instrument [Line Items]
Notes payable, affiliates	$ 85,400			$ 85,400
Related Parties, Number of Estate Trusts Holding Notes | real_estate_trust	6			6
Nussdorf Trusts [Member] | Notes Payable, Related Parties [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				2.00%
Glenn and Stephen Nussdorf [Member]
Debt Instrument [Line Items]
Notes payable, affiliates	$ 5,000			$ 5,000
Glenn and Stephen Nussdorf [Member] | Notes Payable, Related Parties [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.00%
Debt Instrument, Interest Rate, Increase				2.00%

Basic and Diluted Net Loss Pe34

Basic and Diluted Net Loss Per Common Share - Textuals (Details) - shares	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	7,132,723	7,405,635	7,132,723	7,405,635

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 18, 2012	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	May 02, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
Related Party Transaction [Line Items]
Selling, General and Administrative Expenses		$ 52,333			$ 63,475	$ 106,261	$ 121,667
Related Party Transaction, Purchases from Related Party			$ 3,049	$ 5,061		4,633	7,074
Due to Related Parties, Current		922				922		$ 262
Reba Americas LLC [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties		900		300		1,600	1,600
Related Party Transaction, Purchases from Related Party		2,172		395		2,294	803
Due to Related Parties, Current		0				0		90
Accounts Receivable, Related Parties		800				800		200
Affiliates, Lighthouse [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		0		0		0	0
Due to Related Parties, Current		117				117		134
Affiliates, Jacavi [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		840		4,666		2,289	6,240
Due to Related Parties, Current		787				787		29
Affiliates, Quality King Distributors, Inc. [Member]
Related Party Transaction [Line Items]
Selling, General and Administrative Expenses		200		100		400	600
Related Party Transaction, Purchases from Related Party		37		0		50	31
Due to Related Parties, Current		0				0		(9)
Affiliates, Cloudbreak [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		0		$ 0		0	$ 0
Due to Related Parties, Current		$ 18				$ 18		$ 18
Affiliates, Shawn Carter Entities [Member]
Related Party Transaction [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,599,999
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 8
License Agreement, Term of Agreement	5 years

Related Party Transactions - Te

Related Party Transactions - Textuals (Details) ft² in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 30, 2016USD ($)ft²shares	Aug. 01, 2015USD ($)	May 02, 2015USD ($)	Jul. 30, 2016USD ($)ft²shares	Aug. 01, 2015USD ($)	Jan. 30, 2016USD ($)
Related Party Transaction [Line Items]
Selling, General and Administrative Expenses	$ 52,333		$ 63,475	$ 106,261	$ 121,667
Loss Contingency, Damages Sought, Value				$ 2,700
Glenn, Stephen and Arlene Nussdorf [Member]
Related Party Transaction [Line Items]
Investment Owned, Balance, Shares | shares	7,742,282			7,742,282
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	50.00%			50.00%
Affiliates, Rene Garcia Entitites [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	14.30%			14.30%
Noncontrolling Interest, Ownership by Noncontrolling Owners, Shares | shares	2,211,269			2,211,269
Reba Americas LLC [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	$ 900	$ 300		$ 1,600	1,600
Affiliates, GSN [Member]
Related Party Transaction [Line Items]
Shipping, Handling and Transportation Costs					100
Affiliates, Quality King Distributors, Inc. [Member]
Related Party Transaction [Line Items]
Square Footage of Real Estate Property | ft²	560			560
Selling, General and Administrative Expense, Administrative Fee, Percent				2.00%
Selling, General and Administrative Expenses	$ 200	100		$ 400	600
Due to Affiliate, Current	100			100		$ 100
Affiliates, Shawn Carter Entities [Member]
Related Party Transaction [Line Items]
Royalty Expense					300
Building [Member] | Affiliates, Quality King Distributors, Inc. [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense, Monthly				$ 226
Operating Leases, Rent Expense, Annual Increase				3.00%
Payments for Operating Sublease	$ 700	$ 700		$ 1,400	$ 1,400

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jul. 30, 2016	Aug. 01, 2015	May 02, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
Segment Reporting Information [Line Items]
Revenue from External Customers		$ 97,020	$ 109,306		$ 202,159	$ 237,516
Gross Profit		45,024	51,056	$ 51,056	96,793	113,534
Assets		342,890			342,890		$ 351,046
Retail Segment [Member]
Segment Reporting Information [Line Items]
Revenue from External Customers		54,351	68,653		106,026	137,323
Gross Profit		27,128	34,514		53,457	67,994
Assets		366,717			366,717		372,651
Wholesale Segment [Member]
Segment Reporting Information [Line Items]
Revenue from External Customers		42,669	40,653		96,133	100,193
Gross Profit		17,896	$ 16,542		43,336	$ 45,540
Assets		679,489			679,489		636,924
Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets		1,046,206			1,046,206		1,009,575
Intersegment Elimination [Member]
Segment Reporting Information [Line Items]
Assets	[1]	$ (703,316)			$ (703,316)		$ (658,529)
[1]	Adjustment to eliminate intercompany receivables and investment in subsidiaries