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These excerpts taken from the SMG 10-K filed Dec 3, 2008. Customer
Concentration
Global Consumer net sales represented approximately 75% of our
worldwide net sales in fiscal 2008. Our top three North American
retail customers together accounted for 64% of our Global
Consumer segment fiscal 2008 net sales and 34% of our
outstanding accounts receivable as of September 30, 2008.
Home Depot, Lowe’s and Walmart represented approximately
28%, 18% and 18%, respectively, of our fiscal 2008 Global
Consumer net sales. The loss of, or reduction in orders from,
Home Depot, Lowe’s, Walmart or any other significant
customer could have a material adverse effect on our business
and our financial results, as could customer disputes regarding
shipments, fees, merchandise condition or related matters. Our
inability to collect accounts receivable from any of these
customers could also have a material adverse affect on our
financial condition and results of operations.
Table of Contents
We do not have long-term sales agreements with, or other
contractual assurances as to future sales to, any of our major
retail customers. In addition, continued consolidation in the
retail industry has resulted in an increasingly concentrated
retail base. To the extent such concentration continues to
occur, our net sales and income from operations may be
increasingly sensitive to deterioration in the financial
condition of, or other adverse developments involving our
relationship with, one or more of our customers.
Customer Concentration Global Consumer net sales represented approximately 75% of our worldwide net sales in fiscal 2008. Our top three North American retail customers together accounted for 64% of our Global Consumer segment fiscal 2008 net sales and 34% of our outstanding accounts receivable as of September 30, 2008. Home Depot, Lowe’s and Walmart represented approximately 28%, 18% and 18%, respectively, of our fiscal 2008 Global Consumer net sales. The loss of, or reduction in orders from, Home Depot, Lowe’s, Walmart or any other significant customer could have a material adverse effect on our business and our financial results, as could customer disputes regarding shipments, fees, merchandise condition or related matters. Our inability to collect accounts receivable from any of these customers could also have a material adverse affect on our financial condition and results of operations. Table of ContentsWe do not have long-term sales agreements with, or other contractual assurances as to future sales to, any of our major retail customers. In addition, continued consolidation in the retail industry has resulted in an increasingly concentrated retail base. To the extent such concentration continues to occur, our net sales and income from operations may be increasingly sensitive to deterioration in the financial condition of, or other adverse developments involving our relationship with, one or more of our customers. These excerpts taken from the SMG 10-K filed Nov 25, 2008. Customer
Concentration
Global Consumer net sales represented approximately 75% of our
worldwide net sales in fiscal 2008. Our top three North American
retail customers together accounted for 64% of our Global
Consumer segment fiscal 2008 net sales and 34% of our
outstanding accounts receivable as of September 30, 2008.
Home Depot, Lowe’s and Walmart represented approximately
28%, 18% and 18%, respectively, of our fiscal 2008 Global
Consumer net sales. The loss of, or reduction in orders from,
Home Depot, Lowe’s, Walmart or any other significant
customer could have a material adverse effect on our business
and our financial results, as could customer disputes regarding
shipments, fees, merchandise condition or related matters. Our
inability to collect accounts receivable from any of these
customers could also have a material adverse affect on our
financial condition and results of operations.
We do not have long-term sales agreements with, or other
contractual assurances as to future sales to, any of our major
retail customers. In addition, continued consolidation in the
retail industry has resulted in an increasingly concentrated
retail base. To the extent such concentration continues to
occur, our net sales and income from operations may be
increasingly sensitive to deterioration in the financial
condition of, or other adverse developments involving our
relationship with, one or more of our customers.
Customer Concentration Global Consumer net sales represented approximately 75% of our worldwide net sales in fiscal 2008. Our top three North American retail customers together accounted for 64% of our Global Consumer segment fiscal 2008 net sales and 34% of our outstanding accounts receivable as of September 30, 2008. Home Depot, Lowe’s and Walmart represented approximately 28%, 18% and 18%, respectively, of our fiscal 2008 Global Consumer net sales. The loss of, or reduction in orders from, Home Depot, Lowe’s, Walmart or any other significant customer could have a material adverse effect on our business and our financial results, as could customer disputes regarding shipments, fees, merchandise condition or related matters. Our inability to collect accounts receivable from any of these customers could also have a material adverse affect on our financial condition and results of operations. We do not have long-term sales agreements with, or other contractual assurances as to future sales to, any of our major retail customers. In addition, continued consolidation in the retail industry has resulted in an increasingly concentrated retail base. To the extent such concentration continues to occur, our net sales and income from operations may be increasingly sensitive to deterioration in the financial condition of, or other adverse developments involving our relationship with, one or more of our customers. This excerpt taken from the SMG 10-K filed Nov 29, 2007. Customer
Concentration
In the North America segment, net sales represented
approximately 70% of our worldwide net sales in fiscal 2007. Our
top three North American retail customers together accounted for
60% of our North America segment fiscal 2007 net sales and
60% of our outstanding accounts receivable as of
September 30, 2007. Home Depot, Lowe’s and Wal*Mart
represented approximately 29%, 16% and 15%, respectively, of our
fiscal 2007 North America net sales. The loss of, or reduction
in orders from, Home Depot, Lowe’s, Wal*Mart or any other
significant customer could have a material adverse effect on our
business and our financial results, as could customer disputes
regarding shipments, fees, merchandise condition or related
matters. Our inability to collect accounts receivable from any
of these customers could also have a material adverse affect on
our financial condition and results of operations.
We do not have long-term sales agreements or other contractual
assurances as to future sales to any of our major retail
customers. In addition, continued consolidation in the retail
industry has resulted in an increasingly concentrated retail
base. To the extent such concentration continues to occur, our
net sales and income from operations may be increasingly
sensitive to deterioration in the financial condition of, or
other adverse developments involving our relationship with, one
or more customers.
This excerpt taken from the SMG 10-K filed Dec 14, 2006. Customer
Concentration
In the North America segment, net sales represented
approximately 70% of our worldwide net sales in fiscal 2006. Our
top three North American retail customers together accounted for
61% of our North America segment fiscal 2006 net sales and 42%
of our outstanding accounts receivable as of September 30,
2006. Home Depot, Wal*Mart and Lowe’s represented
approximately 30%, 16% and 15%, respectively, of our fiscal 2006
North America net sales. The loss of, or reduction in orders
from, Home Depot, Wal*Mart, Lowe’s or any other significant
customer could have a material adverse effect on our business
and our financial results, as could customer disputes regarding
shipments, fees, merchandise condition or related matters. Our
inability to collect accounts receivable from any of these
customers could also have a material adverse affect on our
financial condition and results of operations.
Table of Contents
We do not have long-term sales agreements or other contractual
assurances as to future sales to any of our major retail
customers. In addition, continued consolidation in the retail
industry has resulted in an increasingly concentrated retail
base. To the extent such concentration continues to occur, our
net sales and income from operations may be increasingly
sensitive to deterioration in the financial condition of, or
other adverse developments involving our relationship with, one
or more customers.
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