Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Increasing fabric sourcing from Taiwan by 7%, from China Mainland by 7%, and from Sri Lanka by 4%.
  • Expecting an increase in effective tax rate in 2023 due to Canadian withholding taxes.
  • Transitioning to an omni-channel retail model with a focus on physical stores and e-commerce.
  • Increasing the percentage of products manufactured by top five vendors from 56% to 55%.
  • Planning to open new company-operated stores to support growth objectives.
  • Increasing the percentage of fabrics produced by top five fabric suppliers from 56% to 52%.
  • Increasing the number of vendors to manufacture products from 45 to 49.

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=1397187&owner=exclude

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