MEDIUMOutside partySupplier
China and Vietnam
“10-K Item 1A: 'As a company that sources a substantial portion of our inventory from China and Vietnam, tariffs generally increase our cost of goods sold'”
BBW · Concentration risk · 10-K extracted
Build-A-Bear Workshop (BBW) concentration risks
Updated
The most significant concentration Build-A-Bear Workshop discloses is China and Vietnam, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Build-A-Bear Workshop’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-26Build-A-Bear's disclosed concentration risk centers on its supply chain: the company sources a substantial portion of its inventory from China and Vietnam, a medium-share exposure characterized as a dependency rather than a purely structural feature of the business. Because manufacturing is concentrated in these two countries, tariff changes affecting either market flow directly into cost of goods sold, making trade policy a more direct lever on margins than for a company with a more geographically diversified supplier base. No other concentration items are disclosed in the source claims, so the sourcing dependency on China and Vietnam stands as the singular identified risk. At a medium-share level, this exposure is meaningful enough to affect margins under an adverse tariff scenario but is not disclosed as an overwhelming or majority-level dependency. The absence of additional disclosed customer, geographic-revenue, or single-supplier concentrations suggests Build-A-Bear's broader risk profile is not concentrated beyond this sourcing relationship, though the tariff sensitivity itself remains a real and direct pass-through to profitability.
For the engine’s reasoning on BBW’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Retail
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARKO | ARKO Corp. | 1 | 2 | 0 | 3 |
| BBWI | Bath & Body Works, Inc. | 0 | 3 | 1 | 4 |
| ARHS | Arhaus, Inc. | 0 | 1 | 1 | 2 |
| ASO | Academy Sports and Outdoors, In | 0 | 1 | 0 | 1 |
| BBW● | Build-A-Bear Workshop, Inc. | 0 | 1 | 0 | 1 |
| BBY | Best Buy Co., Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.