−Removed: Except as set forth below, there have been no material changes to the risk factors set forth in our Annual Report on Form 10-K for the fiscal year ended February 1, 2020 and our Quarterly Report for the quarter ended May 2, 2020.
+Added: Except as set forth below, there have been no material changes to the risk factors set forth in our Annual Report on Form 10-K for the fiscal year ended February 1, 2020 and our Quarterly Reports on Form 10-Q for the first and second quarters of fiscal 2020.
In addition, the COVID-19 pandemic could exacerbate or trigger other risks discussed in our Annual Report on Form 10-K for the fiscal year ended February 1, 2020, any of which could materially affect our business, financial condition and results of operations.
−Removed: The risk factor entitled “The COVID-19 pandemic may further adversely affect our operations” has been updated to read as follows:
+Added: The risk factor entitled “The COVID-19 pandemic may further adversely affect our operations” in our Annual Report on Form-10-K has been updated to read as follows:
The COVID-19 pandemic has adversely impacted, and may continue to adversely impact, our business and our results of operations.
3 unchanged sentences
Many businesses, schools, and other institutions have closed to further the practice of “social distancing” as a method to slow the outbreak.
−Removed: While our supply chain has not experienced significant disruption, our business and results of operations have been significantly impacted by the temporary closure of our brick-and-mortar stores effective March 19, 2020 and reduced foot traffic and sales prior to such time.
+Added: Our business and results of operations have been significantly impacted by the temporary closure of our physical stores effective March 19, 2020 and reduced foot traffic and sales prior to such time.
Beginning in late April, we began reopening stores in accordance with applicable health guidelines, and by the end of the second quarter of fiscal 2020, all of our stores were reopened.
2 unchanged sentences
The extent of the impact of the COVID‑19 pandemic on our operational and financial performance will depend on future developments, including, but not limited to:
−Removed: the duration and spread of the outbreak, including whether there are additional periods of increases or spikes in the number of COVID-19 cases in future periods in areas in which we operate;
+Added: the duration and spread of the outbreak, including the impact of recent increases in the number of COVID-19 cases in the areas in which we operate and whether there are additional periods of increases or spikes in the number of such cases in future periods;
mitigating efforts deployed by government agencies and the public at large;
+Added: the development, pace of distribution, and effectiveness of vaccines and therapeutic treatments;
the general perception of those mitigating efforts where we operate, procure merchandise and raise capital.
−Removed: Now that our stores have reopened to our customers, our customers and store employees are exposed to certain safety risks.
+Added: Since our stores have reopened to our customers, our customers and store employees are exposed to certain safety risks.
While we have taken measures to control these risks, the unpredictable nature of COVID-19 may result in unexpected outcomes.
−Removed: For example, if the protocols established do not work, or are not followed, the health and safety of our employees and customers could be at risk.
+Added: For example, if the protocols established cease to work, or are not followed, the health and safety of our employees and customers could be at risk.
A future outbreak in our stores, distribution center, or corporate headquarters could result in temporary or sustained workforce shortages or store or facility closures.
Inadequate response by us, perceived or otherwise, could impact our costs, our reputation, and/or our ability to recruit a qualified workforce.
−Removed: Should the COVID-19 pandemic continue to cause financial market volatility and/or adverse changes in economic conditions and consumer spending, increased operational risks and disruptions to our supply chain and distribution processes, or should periods of temporary closures of our stores reoccur, our costs may increase, our sales and gross profit may decline and our stock price may decrease, any of which could negatively impact our results of operations, cash flows, and financial condition.
+Added: Should the COVID-19 pandemic continue to cause financial market volatility and/or adverse changes in economic conditions and consumer spending;
+Added: increased operational risks and disruptions to our supply chain and distribution processes;
+Added: or periods of temporary closures of our stores to reoccur, our costs may increase, our sales and gross profit may decline and our stock price may decrease, any of which could negatively impact our results of operations, cash flows, and financial condition.
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.