Risk Factors Update Summary
- Added new apparel, footwear, beauty, and home products weekly, impacting inventory balance.
- Expanded use of AI and ML may lead to brand harm, legal liability, and increased costs.
- Increased shipping costs due to global oil market volatility, leading to higher fuel prices.
- Accrued $7.3 million for legal fees related to copyright infringement claims in 2023.
- Launched a handbag buyback program in 2022, aiming to enhance customer engagement.
- Stock repurchase program authorized up to $100 million, impacting stock price and cash reserves.
- Expanded to over 900 brands in 2023, including 31 owned brands, driving growth prospects.
- Implemented new SDK privacy controls by Apple and Google in 2023, affecting advertising practices.
- Opened an office in the Philippines to support customer service, enhancing operational capabilities.
- Expect to acquire, invest in, or partner with additional businesses, assets, and technologies.
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=1746618&owner=exclude
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