Risk Factors Update Summary
- Potential future increases in tariffs on Chinese goods may significantly impact sales.
- Economic downturns could affect consumer spending habits, decreasing demand for home furnishings.
- Fluctuations in costs may hinder timely price adjustments, affecting sales, earnings, and liquidity.
- ERP system implementation completion dates extended to Q1 2024 and fiscal 2024.
- Upholstery manufacturing facilities utilize highly flammable materials, posing operational risks.
- Imported products from Vietnam and China decreased from 91% to 88% of purchases.
- Concentration risk: top five customers accounted for about 22% of sales in fiscal 2024.
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=1077688&owner=exclude
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