Risk Factors Update Summary

• The response to COVID-19 has caused severe disruptions in the U.S. economy, impacting global commercial activity and contributing to significant inflation and labor shortages over the past two years.
• The outbreak could have a continued adverse impact on economic conditions, including inflation, rising interest rates, and other consequences to reactions to COVID-19.
• Credit card receivables grew to $2,411 million at December 31, 2023, from $2,120.1 million at December 31, 2022.
• Our five largest retail partners accounted for over 70% of our outstanding private label credit receivables as of December 31, 2023.
• If additional financing facilities are not available, due to various factors like government shutdowns, energy disruptions, inflation, and disease, lenders may not extend credit to us.
• Failure to keep up with rapid technological changes could harm our reputation and business.
• Our industry is highly competitive, and failure to compete successfully could materially and adversely affect our business, results of operations, and financial condition.