Net sales by segment and significant product groups [Table Text Block] |
Net Sales by Segment and Significant Product Groups
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Three-Month Periods Ended |
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Six-Month Periods Ended |
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July 31, |
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August 1, |
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July 31, |
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August 1, |
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2021 |
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2020 |
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2021 |
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2020 |
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(in thousands) |
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ShopHQ |
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Net merchandise sales by category: |
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Jewelry & Watches |
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$ |
41,045 |
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$ |
39,058 |
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$ |
84,299 |
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$ |
78,460 |
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Home |
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14,359 |
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12,375 |
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27,545 |
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25,142 |
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Beauty & Health |
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16,659 |
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46,571 |
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35,905 |
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67,434 |
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Fashion & Accessories |
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12,111 |
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10,951 |
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25,691 |
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23,675 |
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All other (primarily shipping & handling revenue) |
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9,936 |
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11,715 |
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20,531 |
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19,758 |
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Total ShopHQ |
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94,110 |
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120,670 |
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193,971 |
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214,469 |
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Emerging Business |
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19,332 |
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3,845 |
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32,673 |
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5,880 |
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Consolidated net sales |
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$ |
113,442 |
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$ |
124,515 |
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$ |
226,644 |
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$ |
220,349 |
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Performance measures by segment [Table Text Block] |
Performance Measures by Segment
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Three-Month Periods Ended |
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Six-Month Periods Ended |
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July 31, |
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August 1, |
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July 31, |
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August 1, |
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2021 |
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2020 |
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2021 |
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2020 |
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(in thousands) |
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Gross profit |
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ShopHQ |
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$ |
39,690 |
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$ |
44,731 |
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$ |
80,006 |
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$ |
79,686 |
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Emerging Business |
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8,296 |
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1,561 |
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$ |
13,987 |
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$ |
2,163 |
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Consolidated gross profit |
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$ |
47,986 |
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$ |
46,292 |
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$ |
93,993 |
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$ |
81,849 |
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Operating income (loss) |
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ShopHQ |
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$ |
(2,775) |
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$ |
3,748 |
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$ |
(4,666) |
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$ |
(55) |
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Emerging Business |
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405 |
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(1,277) |
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246 |
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(3,109) |
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Consolidated operating income (loss) |
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$ |
(2,370) |
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$ |
2,471 |
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$ |
(4,420) |
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$ |
(3,164) |
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Depreciation and amortization |
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ShopHQ (a) |
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$ |
8,377 |
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$ |
7,678 |
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$ |
16,235 |
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$ |
10,418 |
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Emerging Business |
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185 |
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162 |
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653 |
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327 |
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Consolidated depreciation and amortization |
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$ |
8,562 |
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$ |
7,840 |
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$ |
16,888 |
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$ |
10,745 |
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(a) Includes distribution facility depreciation of $951,000 and $998,000 for the three-month periods ended July 31, 2021 and August 1, 2020 and $1,902,000 and $2,021,000 for six-month periods ended July 31, 2021 and August 1, 2020. Distribution facility depreciation is included as a component of cost of sales within the accompanying condensed consolidated statements of operations.
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