Risk Factors Update Summary
- A decline in consumer confidence has impacted business, with net sales declining in 2023.
- Growing concerns of a potential recession in 2023 may adversely impact discretionary consumer spending.
- A significant downturn in major retailer customers' businesses could adversely affect purchases.
- Future acquisitions and investments may disrupt business operations and divert resources from core objectives.
- Net sales declined in 2023 due to lower direct-to-consumer traffic and increased competition.
- A potential recession, rising interest rates, and inflationary pressures may impact consumer income levels.
- Failure to maintain strong vendor relationships could lead to product delays and shortages.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1319947&owner=exclude
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