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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Nine-Month Periods Ended |
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October 31, 2020 |
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November 2, 2019 |
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October 31, 2020 |
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November 2, 2019 |
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(in thousands) |
ShopHQ |
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Net merchandise sales by category: |
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Jewelry & Watches |
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$ |
36,744 |
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$ |
46,530 |
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$ |
115,204 |
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$ |
155,398 |
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Home & Consumer Electronics |
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14,805 |
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23,705 |
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39,947 |
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70,272 |
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Beauty & Wellness |
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31,105 |
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18,844 |
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98,539 |
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63,806 |
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Fashion & Accessories |
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9,787 |
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13,896 |
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33,462 |
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52,350 |
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All other (primarily shipping & handling revenue) |
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11,841 |
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11,060 |
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31,599 |
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33,756 |
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Total ShopHQ |
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104,282 |
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114,035 |
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318,751 |
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375,582 |
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Emerging |
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4,743 |
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1,124 |
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10,623 |
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2,601 |
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Consolidated net sales |
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$ |
109,025 |
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$ |
115,159 |
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$ |
329,374 |
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$ |
378,183 |
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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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Nine-Month Periods Ended |
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October 31, 2020 |
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November 2, 2019 |
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October 31, 2020 |
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November 2, 2019 |
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(in thousands) |
Gross profit |
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ShopHQ |
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$ |
38,801 |
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$ |
41,490 |
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$ |
118,487 |
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$ |
126,338 |
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Emerging |
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2,013 |
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96 |
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$ |
4,176 |
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$ |
267 |
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Consolidated gross profit |
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$ |
40,814 |
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$ |
41,586 |
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$ |
122,663 |
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$ |
126,605 |
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Operating loss |
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ShopHQ |
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$ |
(2,443 |
) |
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$ |
(5,284 |
) |
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$ |
(2,498 |
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$ |
(32,326 |
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Emerging |
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(952 |
) |
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(533 |
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(4,061 |
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(2,945 |
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Consolidated operating loss |
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$ |
(3,395 |
) |
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$ |
(5,817 |
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$ |
(6,559 |
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$ |
(35,271 |
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Depreciation and amortization |
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ShopHQ (a) |
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$ |
8,758 |
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$ |
2,865 |
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$ |
19,176 |
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$ |
8,150 |
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Emerging |
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194 |
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187 |
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521 |
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1,042 |
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Consolidated depreciation and amortization |
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$ |
8,952 |
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$ |
3,052 |
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$ |
19,697 |
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$ |
9,192 |
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(a) Includes distribution facility depreciation of $975,000 and $999,000 for the three-month periods ended October 31, 2020 and November 2, 2019 and $2,997,000 and $2,958,000 for the nine-month periods ended October 31, 2020 and November 2, 2019. Distribution facility depreciation is included as a component of cost of sales within the accompanying condensed consolidated statements of operations.
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