Item 7.01 Regulation FD Disclosure.
Reliance on SEC Relief from Filing Requirements
Due to the COVID-19 pandemic,
As disclosed in the Company's Current Reports on Form 8-K dated
Although the Company has re-opened certain locations consistent with guidance
from government and health authorities, the Company expects that its operations
will continue to be significantly impacted by the COVID-19 pandemic. The full
impact of the COVID-19 pandemic on the Company's business for the foreseeable
future cannot be predicted with certainty. This uncertainty continues to
adversely affect the Company's ability to assess the impact of COVID-19 pandemic
on the Company's operations in order to finalize the Company's Quarterly Report
for the quarter ended
Additional Risk Factor Disclosure
In light of the ongoing hardships caused by the onset and continuation of the COVID-19 pandemic, the Company included a risk factor detailing the impacts of the COVID-19 pandemic on the Company's business and operations in its Annual Report.
Cautionary Note Regarding Forward-Looking Statements
This report contains, and oral statements made from time to time by our representatives may contain, "forward-looking statements." Forward-looking statements include statements regarding the timing of restarting various aspects of its operations, statements regarding the impact of disruptions to its operations caused by the COVID-19 epidemic and political protests; and statements identified by words such as "could," "may," "might," "will," "likely," "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "continues," "projects" and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the impact of the COVID-19 epidemic on the Company and the economy as a whole, the impact of political protests and curfews imposed by state and local governments, the Company's ability to develop a plan to regain compliance with the continued listing criteria of the NYSE; the NYSE's acceptance of such plan; the Company's ability to execute such plan and to continue to comply with applicable listing standards within the available cure period; risks arising from the potential suspension of trading of the Company's common stock on the NYSE; regional, national or global political, economic, business, competitive, market and regulatory conditions, including risks regarding our ability to manage inventory or anticipate consumer demand; changes in consumer confidence and spending; our competitive environment; our failure to open new profitable stores or successfully enter new markets and other factors set forth under "Risk Factors" in our Annual Report. Any forward-looking statement made in this report speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. --------------------------------------------------------------------------------
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