Build-A-Bear Workshop (BBW) risk factors

31 risks, 4 new, 2 dropped, 6 reworded since the prior year. Labor organizing now includes a December 2025 union vote at one corporately managed store and broader disruption risks.

29 risks. Tariffs heavily threaten import costs and profit margins across plush products and merchandise sourced from China and Vietnam. High supplier concentration leaves inventory dependent on just five vendors accounting for 69 percent of purchases. Mall-based store locations rely on consumer traffic and face intense specialty retail competition.