Build-A-Bear Workshop
35 named things its latest annual report says its results depend on, each in the company's own words. 20 of them are also named by other companies we've read.
Suppliers
Top five merchandise vendors
depends on · 75% of our merchandisenamed as a riskIn fiscal 2025 we purchased 75% of our merchandise from five vendors, compared to 69% in fiscal 2024.Risk factors (Item 1A)
Selby, England third-party distribution center
depends onnamed as a riskFor example, as noted above, in Europe, we contract with a third-party distribution center in Selby, England under an agreement that ended in January 2026, but which is currently continuing because neither party terminated the agreement.Risk factors (Item 1A)
Southern California third-party warehouse
depends onWe also contract with a third-party warehouse in southern California to service our West Coast stores.Business (Item 1)
Shanghai, China third-party distribution center
depends onIn Asia, we contract for office space and a third-party distribution center in Shanghai, China, with the office space contract ending in August 2026 and the distribution center contract ending in April 2026, with both contracts expected to be renewed before their respective expiration dates.Business (Item 1)
Partners and platforms
Disney
depends onnamed as a riskOur future success depends, in part, on the popularity and consumer demand for brands of licensors such as Sanrio, Disney, BBC, Pokémon, NBCUniversal, Warner Bros., Lucasfilm, ViacomCBS and Nintendo.Risk factors (Item 1A)
Also named by TGT
Warner Bros.
depends onnamed as a riskOur future success depends, in part, on the popularity and consumer demand for brands of licensors such as Sanrio, Disney, BBC, Pokémon, NBCUniversal, Warner Bros., Lucasfilm, ViacomCBS and Nintendo.Risk factors (Item 1A)
Also named by CMCSA
Sanrio
depends onnamed as a riskOur future success depends, in part, on the popularity and consumer demand for brands of licensors such as Sanrio, Disney, BBC, Pokémon, NBCUniversal, Warner Bros., Lucasfilm, ViacomCBS and Nintendo.Risk factors (Item 1A)
Pokémon
depends onnamed as a riskOur future success depends, in part, on the popularity and consumer demand for brands of licensors such as Sanrio, Disney, BBC, Pokémon, NBCUniversal, Warner Bros., Lucasfilm, ViacomCBS and Nintendo.Risk factors (Item 1A)
Nintendo
depends onnamed as a riskOur future success depends, in part, on the popularity and consumer demand for brands of licensors such as Sanrio, Disney, BBC, Pokémon, NBCUniversal, Warner Bros., Lucasfilm, ViacomCBS and Nintendo.Risk factors (Item 1A)
NBCUniversal
depends onnamed as a riskOur future success depends, in part, on the popularity and consumer demand for brands of licensors such as Sanrio, Disney, BBC, Pokémon, NBCUniversal, Warner Bros., Lucasfilm, ViacomCBS and Nintendo.Risk factors (Item 1A)
Shopping malls and mall landlords
depends onnamed as a riskAdditionally, several landlords dominate the ownership of prime malls, particularly in the U.S. and Canada, and because of our dependence on these landlords for a substantial number of our locations, any significant erosion in their financial conditions or our relationships with these landlords could negatively affect our ability to obtain and retain store locations.Risk factors (Item 1A)
Other companies
Birthdays
earns from · over one-third of our revenueWith over one-third of our revenue currently driven by birthdays, we have already proven that the brand is associated with gifting occasions but believe there is a robust opportunity to expand into gifts for more of life’s special moments, with our powerful brand and personalization options serving as an important competitive point of difference.Business (Item 1)
Competitors
Amazon
competes withWe also compete with toy retailers including online and mass merchandisers such as Amazon and Target.Business (Item 1)
Also named by AES, AFRM, ALK, AOS, APP, AXP, CART, CELH and 10 more
Target
competes withWe also compete with toy retailers including online and mass merchandisers such as Amazon and Target.Business (Item 1)
Ty
competes withSince our signature products, teddy bears and other stuffed animals, are included in the toy category, we compete indirectly with a number of companies that sell plush products or premium children’s toys, including, but not limited to, Ty, Jellycat, Jazwares, Hasbro, Pop Mart, Mattel and Lego.Business (Item 1)
Places
China
depends on · 51% of merchandise receivednamed as a riskHowever, our efforts to diversify our supply chain reduced China sourcing to 51% of merchandise received as production shifted primarily to Vietnam, which provided 44% of our merchandise in fiscal 2025.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Vietnam
depends on · 44% of our merchandisenamed as a riskHowever, our efforts to diversify our supply chain reduced China sourcing to 51% of merchandise received as production shifted primarily to Vietnam, which provided 44% of our merchandise in fiscal 2025.Risk factors (Item 1A)
Also named by AAPL, AMKR, ANET, ASO, CGNX, CIEN, CROX, CSW and 16 more
Groveport, Ohio distribution center
concentrated in · 350,000-square-footnamed as a riskWe own a 350,000-square-foot distribution center in Groveport, Ohio, and rely on this warehouse to receive, store, and distribute merchandise for the majority of our North American locations and to our third-party retail partners.Risk factors (Item 1A)
Also named by LULU
United Kingdom and Republic of Ireland
operates in · 42 storesnamed as a riskOur leases in the U.K. and the Republic of Ireland also typically contain provisions requiring rent reviews every five years in which the base rent that we pay is adjusted to current market rates.Risk factors (Item 1A)
China franchise agreement termination
operates in · closure of 12 of 14 storesnamed as a riskIn addition, we have terminated our franchise agreement covering China resulting in the closure of 12 of 14 stores in the country.Risk factors (Item 1A)
United States and Canada
concentrated in · 333 storesThis reflects 375 corporately-managed locations, including 333 stores in the United States (“U.S.”) and Canada and 42 stores in the United Kingdom (“U.K.”) and the Republic of Ireland, 178 partner-operated locations in which we sell our products on a wholesale basis to other companies that then, in turn, execute our retail experience, and 109 franchise locations operating internationally, all under the Build-A-Bear Workshop brand.Business (Item 1)
Hazards
Middle East conflict (United States, Israel and Iran hostilities)
exposed to its pricenamed as a riskRecent hostilities between the United States, Israel and Iran and others have caused significant disruption in the normal flow of oil, refined petroleum products and related commodities, with consequent price rises of oil as well as other non-petroleum products and associated economic volatility.Risk factors (Item 1A)
Commodities and inputs
Chinese renminbi
exposed to its pricenamed as a riskDecreases in the value of the U.S. dollar against foreign currencies, particularly the Chinese renminbi and Vietnamese dong, could increase the cost of products we purchase from our vendors.Market risk (Item 7A)
Also named by AAOI, ALB, AOS, APD, BWA, CGNX, COHR, DD and 15 more
Petroleum
exposed to its pricenamed as a riskThe profitability of our business depends to a certain degree upon the price of petroleum products, both as a component of the transportation costs for delivery of inventory from our vendors to our stores and as a raw material used in the production of our plush products and stuffing.Risk factors (Item 1A)
Vietnamese dong
exposed to its pricenamed as a riskDecreases in the value of the U.S. dollar against foreign currencies, particularly the Chinese renminbi and Vietnamese dong, could increase the cost of products we purchase from our vendors.Market risk (Item 7A)
British pound, Canadian dollar and Euro
exposed to its pricenamed as a riskMoreover, as our international sales are primarily denominated in the British pound, Canadian dollar and Euro, the pricing of our products in our stores may also be affected by changes in foreign currency rates.Market risk (Item 7A)
Polyester fiber
depends onOur plush products and clothing are produced from high quality, man-made materials or natural fibers, and the stuffing is made of a high-grade polyester fiber.Business (Item 1)
Regulators
National Labor Relations Board (NLRB)
subject tonamed as a riskThe recent increase in workers exercising their right to form or join a union, both generally and in the retail industry, in conjunction with the late 2023 NLRB issuance of a number of decisions making it easier for employees to organize (or any additional labor law or regulatory changes to that effect), could disrupt our ability to efficiently operate our retail locations and adversely affect our business.Risk factors (Item 1A)
Also named by AZO, BBY, DKS, FDX, FDXF, ODFL, QSR, RRGB and 3 more
Consumer Product Safety Commission (CPSC)
subject toSpecifically, we believe all of the toy products sold in our stores and through our e-commerce sites meet Consumer Product Safety Commission (CPSC) requirements including the Consumer Product Safety Improvement Act (CPSIA) for children’s products.Business (Item 1)
Also named by ASO, AXON, CHD, DORM, GNRC, HAS, KVUE, PG and 8 more
Laws and programs
Telephone Consumer Protection Act (TCPA)
subject to · $500 per violationnamed as a riskUnder the TCPA, plaintiffs seek actual monetary loss or statutory damages of $500 per violation, whichever is greater, and courts could treble the damage award for willful or knowing violations.Risk factors (Item 1A)
Also named by ADP, AFL, CART, COMP, CRM, CSGP, FCFS, GDDY and 9 more
General Data Protection Regulation (GDPR)
subject tonamed as a riskAdditionally, violations of GDPR can result in fines calculated as a percentage of a company’s annual revenue and CCPA provides civil penalty violations, as well as a private right of action for data breaches.Risk factors (Item 1A)
Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more
California Consumer Privacy Act (CCPA)
subject tonamed as a riskAdditionally, violations of GDPR can result in fines calculated as a percentage of a company’s annual revenue and CCPA provides civil penalty violations, as well as a private right of action for data breaches.Risk factors (Item 1A)
Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more
U.S. tariffs on imports
subject tonamed as a riskAs a company that sources a substantial portion of our inventory from China and Vietnam, tariffs generally increase our cost of goods sold, which could adversely affect our profit margins.Risk factors (Item 1A)
Also named by AAP, ABT, ALLY, ATR, AZO, BWA, CMG, DG and 19 more
Children's Online Privacy Protection Act (COPPA)
subject tonamed as a riskWhile we have implemented programs and procedures designed to protect the privacy of people from whom we collect information which may include information regarding their children, and we intend for our websites to be fully compliant with all applicable regulations including the Federal Children’s Online Privacy Protection Act, there can be no assurance that such programs will conform to all applicable laws or regulations.Risk factors (Item 1A)
Also named by APP, DIS, GOOG, HAS, META, MGNI, RBLX, TTWO and 2 more
International Emergency Economic Powers Act (IEEPA)
subject tonamed as a riskOn February 20, 2026, the U.S. Supreme Court issued a ruling striking down certain tariffs previously imposed under the International Emergency Economic Powers Act ("IEEPA").Risk factors (Item 1A)