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Litigation and Business Risk
12 Months Ended
Jan. 28, 2023
Risks and Uncertainties [Abstract]  
Litigation and Business Risk

Note 15 – Litigation and Business Risk

Litigation Risk

From time to time, we are involved in certain legal proceedings in the ordinary course of conducting our business. While the outcome of any legal proceeding is uncertain, we do not currently expect that any such proceedings will have a material adverse effect on our consolidated balance sheets, statements of income, or cash flows.

Business Risk

Two branded suppliers, Nike, Inc. and Skechers U.S.A., Inc., collectively accounted for approximately 27% of our Net Sales in Fiscal 2022, 39% in Fiscal 2021 and 43% in Fiscal 2020. Nike, Inc. accounted for approximately 14% in Fiscal 2022, 28% in Fiscal 2021 and 33% in Fiscal 2020. Skechers USA, Inc. accounted for approximately 13% in Fiscal 2022, 11% in Fiscal 2021 and 10% in Fiscal 2020. A loss of any of our key suppliers in certain product categories could have a material adverse effect on our business. As is common in the industry, we do not have any long-term contracts with suppliers.