Risk Factors Update Summary
- Sales of our products through third-party marketplaces increased from 35.2% to 36%.
- Product purchases from drop-ship suppliers increased from 9% to 11%.
- Outstanding revolver loan debt increased from $0 to $150 million.
- Top ten suppliers now represent 52% of total product purchases, up from 51%.
- Laws and regulations concerning e-commerce may impact operations and customer demand.
- Total outstanding letters of credit balance increased from $620 million to $680 million.
- Intellectual property protection is crucial as failure could lead to significant liability.
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=1378950&owner=exclude
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