Risk Factors Update Summary
- Credit card revenues decreased from $863 million in 2022 to $619 million in 2023.
- The company launched new private brands in 2023 and 2024, refreshing its entire portfolio by 2025.
- The SEC's final rule on climate-related disclosures could increase costs and complexities for the company.
- The company introduced a Bloomingdale's marketplace in 2023 to expand merchandise options.
- Energy consumption reduced by over 19% through LED lighting retrofits, enhancing sustainability efforts.
- A proposed rule may reduce late fees from $8 to $6, impacting credit card revenue.
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=794367&owner=exclude
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