13. Segment Reporting The Company offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands. The Company operates three reportable segments  Retail, Wholesale and Subscription. The Companys Retail segment consists of the Anthropologie, Bhldn, Free People, Terrain, Urban Outfitters and Menus &amp; Venues brands. The Company has aggregated its brands into the Retail segment based upon their shared management, customer base and economic characteristics. Reporting in this format provides management with the financial information necessary to evaluate the success of the segments and the overall business. The Companys Retail segment omni-channel strategy enhances its customers brand experience by providing a seamless approach to the customer shopping experience. All available Company-owned Retail segment shopping channels are fully integrated, including stores, websites, mobile applications, catalogs and customer contact centers. The Companys Wholesale segment consists of the Free People, Anthropologie and Urban Outfitters brands. The Wholesale segment sells through department and specialty stores worldwide, digital businesses and the Retail segment. The Company plans for the Anthropologie brand to exit the wholesale business by the end of the third quarter of fiscal 2021. The Subscription segment consists of the Nuuly brand, which is a monthly womens apparel subscription rental service that launched on July 30, 2019. Prior year expenses related to the Subscription segment that were classified as Retail operations and General corporate expenses have been reclassified to the Subscription segment as a result of the establishment of the Subscription segment in the first quarter of fiscal 2020. Property and equipment related to the Subscription segment have also been reclassified from the Retail segment. The Company evaluates the performance of each segment based on the net sales and pre-tax income from operations (excluding intercompany charges) of the segment. The Company accounts for intersegment sales and transfers as if the sales and transfers were made to third parties making similar volume purchases. Corporate expenses include expenses incurred and directed by the corporate office that are not allocated to segments. The principal identifiable assets for the Retail and Wholesale segments are inventory and property and equipment. The principal identifiable assets for the Subscription segment are rental product and property and equipment. The accounting policies of the reportable segments are the same as the policies described in Note 2, Summary of Significant Accounting Policies, in the Notes to Consolidated Financial Statements included in the Companys Annual Report on Form 10-K for the fiscal year ended January 31, 2020. All of the Companys segments are highly diversified. No one customer constitutes more than 10% of the Companys total consolidated net sales. A summary of the information about the Companys operations by segment is as follows: Three Months Ended Six Months Ended July 31, July 31, 2020 2019 2020 2019 Net sales Retail operations $ 757,471 $ 878,693 $ 1,318,703 $ 1,661,256 Wholesale operations 49,877 86,153 75,589 170,518 Subscription operations 4,672  10,942  Intersegment elimination (8,754 ) (2,517 ) (13,485 ) (5,032 ) Total net sales $ 803,266 $ 962,329 $ 1,391,749 $ 1,826,742 Income (loss) from operations Retail operations $ 58,405 $ 78,997 $ (77,096 ) $ 113,691 Wholesale operations 14,161 15,354 (31,467 ) 32,115 Subscription operations (4,611 ) (3,536 ) (10,575 ) (5,637 ) Intersegment elimination (84 ) 312 (494 ) 249 Total segment operating income (loss) 67,871 91,127 (119,632 ) 140,418 General corporate expenses (1) 1,548 (13,066 ) (9,684 ) (22,337 ) Total income (loss) from operations $ 69,419 $ 78,061 $ (129,316 ) $ 118,081 (1) General corporate expenses during the three and six months ended July 31, 2020 benefitted from the recognition of coronavirus related government relief packages in the three months ended July 31, 2020. July 31, January 31, July 31, 2020 2020 2019 Inventory Retail operations $ 321,885 $ 347,837 $ 376,050 Wholesale operations 29,886 61,697 64,037 Total inventory $ 351,771 $ 409,534 $ 440,087 Rental product, net (1) Subscription operations $ 15,764 $ 16,447 $ 2,913 Total rental product, net $ 15,764 $ 16,447 $ 2,913 (1) Rental product, net is included in "Deferred income taxes and other assets" in the Condensed Consolidated Balance Sheets. Property and equipment, net Retail operations $ 859,188 $ 859,918 $ 841,013 Wholesale operations 2,375 2,577 2,637 Subscription operations 27,563 27,537 23,784 Total property and equipment, net $ 889,126 $ 890,032 $ 867,434 The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category: Three Months Ended Six Months Ended July 31, July 31, 2020 2019 2020 2019 Net sales Apparel (1) $ 507,930 $ 642,914 $ 878,277 $ 1,231,640 Home (2) 156,621 144,962 266,420 269,510 Accessories (3) 89,751 116,613 159,944 216,881 Other (4) 48,964 57,840 87,108 108,711 Total net sales $ 803,266 $ 962,329 $ 1,391,749 $ 1,826,742 As a percentage of net sales Apparel (1) 63 % 67 % 63 % 67 % Home (2) 19 % 15 % 19 % 15 % Accessories (3) 12 % 12 % 12 % 12 % Other (4) 6 % 6 % 6 % 6 % Total net sales 100 % 100 % 100 % 100 % (1) Apparel includes intimates and activewear (2) Home includes home furnishings, electronics, gifts and decorative items (3) Accessories includes footwear, jewelry and handbags (4) Other includes beauty, shipping and handling, the Menus &amp; Venues brand and the Subscription segment Apparel, Home, and Accessories are sold through both the Retail and Wholesale segments. Revenue recognized from the Other category is primarily attributable to the Retail segment. The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Companys domestic and foreign operations, are as follows: July 31, January 31, July 31, 2020 2020 2019 Property and equipment, net Domestic operations $ 722,934 $ 763,411 $ 774,378 Foreign operations 166,192 126,621 93,056 Total property and equipment, net $ 889,126 $ 890,032 $ 867,434 Three Months Ended Six Months Ended July 31, July 31, 2020 2019 2020 2019 Net Sales Domestic operations $ 709,697 $ 840,316 $ 1,233,253 $ 1,603,405 Foreign operations 93,569 122,013 158,496 223,337 Total net sales $ 803,266 $ 962,329 $ 1,391,749 $ 1,826,742