Risk Factors Update Summary
- Workforce reduction plan implemented in January 2024 to reduce 1,750 employees, costing approximately $70-80 million.
- International net revenue decreased from 14% to 13% of total net revenue in 2023.
- Opening of four new physical retail stores in 2022, including two outlet stores.
- Reduction in workforce may lead to unintended consequences affecting morale and reputation.
- Cybersecurity threats and attacks could result in significant costs and liabilities for the company.
- Failure to comply with evolving ESG standards may negatively impact reputation and financial performance.
- Choice of forum provisions in the Charter may increase costs for legal actions against the company.
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=1616707&owner=exclude
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