| Accrued Expenses and Other Current Liabilities |
8. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities include the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
Accrued payroll and benefits |
|
$ |
3,460 |
|
|
$ |
9,725 |
|
Accrued returns reserve |
|
|
6,839 |
|
|
|
7,494 |
|
Gift cards redeemable |
|
|
7,370 |
|
|
|
7,003 |
|
Accrued professional fees |
|
|
1,212 |
|
|
|
2,309 |
|
Accrued corporate expenses (a) |
|
|
1,329 |
|
|
|
1,458 |
|
Accrued retail expenses |
|
|
1,562 |
|
|
|
1,382 |
|
Taxes, other than income taxes |
|
|
2,465 |
|
|
|
2,635 |
|
Accrued occupancy |
|
|
619 |
|
|
|
1,118 |
|
Self-insured group health insurance reserves |
|
|
329 |
|
|
|
765 |
|
Other accrued employee costs |
|
|
2,005 |
|
|
|
2,044 |
|
Other |
|
|
3,675 |
|
|
|
4,546 |
|
Total accrued expenses and other current liabilities |
|
$ |
30,864 |
|
|
$ |
40,479 |
|
(a)Included within Accrued corporate expenses as of February 1, 2025 is a liability-classified share-based payment of $0.4 million related to stock options granted to Elm Street consultant, which vested on February 7, 2025. The following table reflects the changes in the accrued returns reserve for Fiscal Years 2025, 2024 and 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued returns reserve |
|
Beginning
of Period |
|
|
Charged to
Expenses |
|
|
Deductions |
|
|
End of
Period |
|
Fiscal Year Ended February 3, 2024 |
|
$ |
6,702 |
|
|
$ |
161,217 |
|
|
$ |
(160,195 |
) |
|
$ |
7,724 |
|
Fiscal Year Ended February 1, 2025 |
|
|
7,724 |
|
|
|
154,599 |
|
|
|
(154,829 |
) |
|
|
7,494 |
|
Fiscal Year Ended January 31, 2026 |
|
|
7,494 |
|
|
|
145,742 |
|
|
|
(146,397 |
) |
|
|
6,839 |
|
The following table reflects the changes in the accrued self-insurance reserve for Fiscal Year 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Self-insured group health insurance reserves |
|
Beginning
of Period |
|
|
Charged to
Expenses |
|
|
Deductions |
|
|
End of
Period |
|
Fiscal Year Ended February 1, 2025 |
|
$ |
— |
|
|
$ |
1,307 |
|
|
$ |
(542 |
) |
|
$ |
765 |
|
Fiscal Year Ended January 31, 2026 |
|
|
765 |
|
|
|
12,699 |
|
|
|
(13,135 |
) |
|
|
329 |
|
|