Express 2014 Annual Report Download - page 58

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The following is information regarding the Company’s major product and sales channels:
2014 2013 2012
(in thousands)
Apparel ............................ $1,883,641 $1,922,868 $1,872,844
Accessories and other ................ 240,052 254,426 250,180
Other revenue ....................... 41,788 41,831 34,203
Total net sales .......................... $2,165,481 $2,219,125 $2,157,227
2014 2013 2012
(in thousands)
Stores ............................. $1,769,478 $1,836,704 $1,851,527
E-commerce ........................ 354,215 340,590 271,497
Other revenue ....................... 41,788 41,831 34,203
Total net sales .......................... $2,165,481 $2,219,125 $2,157,227
Other revenue consists primarily of revenue from franchise agreements, sell-off revenue related to marked-out-
of-stock inventory sales to third parties, and shipping and handling revenue related to e-commerce activity.
Revenues and long-lived assets relating to the Company’s international operations for 2014, 2013, and 2012, and
as of January 31, 2015 and February 1, 2014, respectively, were not material and, therefore, not reported
separately from domestic revenues and long-lived assets.
3. Property and Equipment, Net
Property and equipment, net, consisted of:
January 31, 2015 February 1, 2014
(in thousands)
Building improvements .................. $ 86,487 $ 13,955
Furniture, fixtures and equipment, software . . 341,272 315,462
Leasehold improvements ................. 371,462 344,369
Construction in process .................. 40,291 93,560
Other ................................. 828 315
Total ................................. 840,340 767,661
Less: accumulated depreciation ............ (432,733) (391,539)
Property and equipment, net ............... $407,607 $ 376,122
Depreciation expense totaled $73.5 million, $66.7 million, and $64.6 million in 2014, 2013, and 2012,
respectively, excluding impairment charges discussed in Note 2.
4. Leased Facilities and Commitments
Annual store rent consists of a fixed minimum amount and/or contingent rent based on a percentage of sales
exceeding a stipulated amount.
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