| Schedule of 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 |
|
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.
|
| Schedule of Changes in Accrued Returns Reserve |
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 |
|
|
| Schedule of Changes in Accrued Self Insurance Reserve |
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 |
|
|