NOTE 7—ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accounts payable and accrued expenses consist of the following (in thousands):

	July 29,		January 28,
	2017		2017
Accounts payable	$	160,452	$	134,720
Accrued compensation		34,322		26,886
Accrued freight and duty		20,834		27,955
Accrued sales taxes		15,681		14,908
Accrued occupancy		11,053		8,137
Accrued professional fees		8,414		2,082
Accrued catalog costs		7,597		3,874
Other accrued expenses		13,484		8,418
Total accounts payable and accrued expenses	$	271,837	$	226,980

Other current liabilities consist of the following (in thousands):

	July 29,		January 28,
	2017		2017
Unredeemed gift card and merchandise credit liability	$	23,916	$	24,524
Allowance for sales returns		11,790		10,077
Product recall reserves		6,590		4,324
Other current liabilities		5,306		4,346
Total other current liabilities	$	47,602	$	43,271

During the three and six months ended July 29, 2017, the Company recorded a $5.0 million charge related to the recall of certain products, resulting in a reduction of net revenues by $4.0 million, increased cost of goods sold by $0.8 million and increased selling, general and administrative expenses by $0.2 million. In addition, during the three and six months ended July 29, 2017, the Company revised its estimate related to a product recall that was initiated during the fourth quarter of fiscal 2016, which resulted in an increase of net revenues of $0.2 million and a decrease of selling, general and administrative expenses by $0.1 million.