12 unchanged sentences
The outbreak of the COVID-19 pandemic has disrupted our business and has had a significant adverse effect on our business, financial performance and condition, operating results, liquidity and cash flows, and will continue to adversely impact and cause disruption to our business, financial performance and condition, operating results, liquidity and cash flows.
−Removed: Factors that would negatively impact our ability to successfully operate during the current outbreak of the COVID-19 pandemic (or subsequent outbreaks, either more broadly or within our stores) or another pandemic include:
−Removed: our ability to continue to operate, or reopen any closed stores or distribution centers in a timely manner, and our ability to attract customers to our stores;
+Added: Factors that would
+Added: negatively impact our ability to successfully operate during the current outbreak of the COVID-19 pandemic (or subsequent outbreaks, either more broadly or within our stores) or another pandemic include:
+Added: our ability to continue to operate, or re-open any closed stores or distribution centers in a timely manner;
our ability to retain, and not furlough, corporate associates, in the event that we are required to cease or significantly limit our operations again in the future;
2 unchanged sentences
supply chain delays due to closed factories or distribution centers, reduced workforces or labor shortages, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas;
−Removed: our ability to move existing inventory, including potentially having to sell existing inventory at a discount or write-down the value of inventory, and the costs , challenges and expenses of updating , procuring and replacing inventory;
+Added: reduced demand for the merchandise we sell or our ability to move existing inventory, including potentially having to sell existing inventory at a discount or write-down the value of inventory, and the costs, challenges and expenses of updating, procuring and replacing inventory;
delays in, or our ability to complete, planned store openings on the expected terms or timing, or at all;
−Removed: fluctuations in regional and local economies, including the impact on regional and local retail markets and consumer confidence and spending;
−Removed: our ability to attract customers to our stores, given the risks, or perceived risks, of gathering in public places;
+Added: fluctuations in regional and local economies, including unemployment rates;
+Added: changes to salary and wage rates;
+Added: and consumer confidence and spending;
+Added: our ability to attract customers to our stores, and the willingness of our associates to staff our stores and distribution centers, given the risks, or perceived risks, of gathering in public places;
our ability to delay merchandise and other payments to vendors;
+Added: the impact of pandemic-related litigation or claims from customers, associates, suppliers, regulators or other third parties;
+Added: incremental costs to operate during a pandemic, including costs of implementing additional safety measures;
our ability to pay associate compensation, including incentive compensation payments, in a timely manner, or at all;
1 unchanged sentence
difficulty accessing debt and equity capital on attractive terms, or at all, and a severe disruption and instability in the global financial markets or deteriorations in credit and financing conditions may affect our access to capital necessary to fund business operations or address maturing liabilities.
−Removed: The extent of the impact of the COVID-19 pandemic on our business, consolidated results of operations, consolidated financial position and consolidated cash flows, including any potential impairment or other fair value adjustments, will depend largely on future developments, including the duration and spread of the outbreak within the U.S., related economic uncertainties and government stimulus measures, the related impact on consumer confidence and spending and when, or if, we will be able to resume normal operations, all of which are highly uncertain and cannot be predicted.
+Added: In addition, as more business activities have shifted online due to COVID-19 restrictions, and as many of our non-store associates are working remotely, we face an increased risk due to the potential interruptions to internal or external information technology infrastructure as well as increased threats and attempts to breach our security networks.
+Added: The extent of the impact of the COVID-19 pandemic on our business, consolidated results of operations, consolidated financial position and consolidated cash flows, including any potential impairment or other fair value adjustments, will depend largely on future developments, including the duration and spread of the outbreak within the U.S., as well as the availability of, and prevalence of access to, effective medical treatments and vaccines;
+Added: related economic uncertainties and government stimulus measures;
+Added: the related impact on consumer confidence and spending;
+Added: and when, or if, we will be able to resume normal operations, all of which are highly uncertain and cannot be predicted.
Additionally, we may need to cease or significantly limit our operations again if subsequent outbreaks occur, either more broadly or within our stores.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.