FOSL » Topics » We have key facilities in the United States and overseas, the loss or regulation of any of which could harm our business.

These excerpts taken from the FOSL 10-K filed Mar 5, 2008.

We have key facilities in the United States and overseas, the loss or regulation of any of which could harm our business.

 

Our administrative and distribution operations in the United States are conducted primarily from four separate facilities located in the Dallas, Texas area.  Our operations internationally are conducted from various administrative, distribution and assembly facilities outside of the United States, particularly in China, Germany, Hong Kong and Switzerland.  The complete or temporary loss of use of all or part of these facilities could have a material adverse effect on our business.

 

Our warehouse and distribution facilities in Dallas and Richardson, Texas are operated in a special purpose sub-zone established by the U.S. Department of Commerce Foreign Trade Zone Board.  Although the sub-zone allows us certain tax advantages, the sub-zone is highly regulated by the U.S. Customs Service.  This level of regulation may cause disruptions or delays in the distribution of our products out of these facilities.  Under some circumstances, the U.S. Customs Service has the right to shut down the entire sub-zone and, therefore, our entire warehouse and distribution facilities.  During the time that the sub-zone is shut down, we may be unable to adequately meet the supply requests of our customers and our company-owned retail stores, which could have an adverse effect on our sales, relationships with our customers, and results of operations, especially if the shut down were to occur during our third or fourth quarter.

 

We have key facilities in the United States and overseas,
the loss or regulation of any of which could harm our business.



 



Our administrative and
distribution operations in the United States are conducted primarily from four
separate facilities located in the Dallas, Texas area.  Our operations
internationally are conducted from various administrative, distribution and assembly
facilities outside of the United States, particularly in China, Germany, Hong
Kong and Switzerland.  The complete or temporary loss of use of all
or part of these facilities could have a material adverse effect on our
business.



 



Our warehouse and
distribution facilities in Dallas and Richardson, Texas are operated in a
special purpose sub-zone established by the U.S. Department of Commerce Foreign
Trade Zone Board.  Although the sub-zone allows us certain tax
advantages, the sub-zone is highly regulated by the U.S. Customs
Service.  This level of regulation may cause disruptions or delays in
the distribution of our products out of these facilities.  Under some
circumstances, the U.S. Customs Service has the right to shut down the entire
sub-zone and, therefore, our entire warehouse and distribution
facilities.  During the time that the sub-zone is shut down, we may
be unable to adequately meet the supply requests of our customers and our
company-owned retail stores, which could have an adverse effect on our sales,
relationships with our customers, and results of operations, especially if the
shut down were to occur during our third or fourth quarter.



 



This excerpt taken from the FOSL 10-K filed Mar 9, 2006.

        We have key facilities in the United States and overseas, the loss or regulation of any of which could harm our business.

        Our administrative and distribution operations in the United States are conducted primarily from four separate facilities located in the Dallas, Texas area. Our operations internationally are conducted from various administrative, distribution and manufacturing facilities outside of the United States, particularly in Germany, Hong Kong and Switzerland. The complete or temporary loss of use of all or part of these facilities could have a material adverse effect on our business.

        Our warehouse and distribution facilities in Dallas and Richardson, Texas are operated in a special purpose subzone established by the U.S. Department of Commerce Foreign Trade Zone Board. Although the subzone allows us certain tax advantages, the subzone is highly regulated by the U.S.

23



Customs Service. This level of regulation may cause disruptions or delays in the distribution of our products out of these facilities. Under some circumstances, the U.S. Customs Service has the right to shut down the entire subzone and, therefore, our entire warehouse and distribution facilities. During the time that the subzone is shut down, we may be unable to meet adequately the supply requests of our customers and our retail locations, which could have an adverse effect on our sales, relationships with our customers, and results of operation, especially if the shut down were to occur during our third or fourth quarter.

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