ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Jan. 31, 2026

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 9—ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accounts payable and accrued expenses consisted of the following:


		JANUARY 31,			FEBRUARY 1,
		2026			2025

		(in thousands)
Accounts payable		$	197,740		$	245,260
Accrued compensation			54,933			50,689
Accrued sales, use and other indirect tax			35,254			27,685
Accrued occupancy			27,264			24,992
Accrued freight and duty			22,877			18,030
Accrued professional fees			7,811			5,281
Accrued legal contingencies⁽¹⁾			2,914			3,029
Other accrued expenses			37,943			38,440
Total accounts payable and accrued expenses		$	386,736		$	413,406

(1)	Refer to Note 18¾Commitments and Contingencies.

Other current liabilities consisted of the following:


		JANUARY 31,			FEBRUARY 1,
		2026			2025

		(in thousands)
Current portion of term loans		$	25,000		$	25,000
Allowance for sales returns			24,821			23,512
Finance lease liabilities			21,249			21,135
Federal tax payable			—			3,242
Unredeemed gift card and merchandise credit liability			18,138			19,546
Foreign tax payable			2,902			1,980
Other current liabilities			2,976			4,546
Total other current liabilities		$	95,086		$	98,961

Reorganizations

We implemented and completed restructurings in the second quarter of fiscal 2025 and in the fourth quarter of fiscal 2024 that included workforce and expense reductions in order to improve and simplify our organizational structure, streamline certain aspects of our business operations and better position us for further growth. The workforce reduction associated with these initiatives included the elimination of numerous leadership and other positions throughout the organization.

During fiscal 2025 and fiscal 2024, we incurred total charges relating to the reorganizations of $1.2 million and $4.4 million, respectively, consisting primarily of severance costs and related taxes. As of January 31, 2026 and February 1, 2025, we had accruals related to the reorganizations of $0.5 million and $3.4 million, respectively, which are included in accounts payable and accrued expenses on the consolidated balance sheets.