| Industries |
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| Advertising |
| Asset Management and Custody Banks |
| Health Care Distribution and Services |
| Health Care Facilities |
| Exposures |
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| Political reform |
| Military |
| Provide |
| Express intent |
| Rights |
| Regime |
| Event Codes |
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| Empathize |
| Adjust |
| Solicit support |
| Endorse |
| Yield to order |
| Yield |
| Vote |
| Sports contest |
| Warn |
| Veto |
| Riot |
| Demand |
| Defy norms |
| Wiki | Wiki Summary |
|---|---|
| Open relationship | An open relationship is an intimate relationship that is sexually non-monogamous. The term is distinct from polyamory, in that it generally indicates a relationship where there is a primary emotional and intimate relationship between two partners, who agree to at least the possibility of sexual or emotional intimacy with other people. |
| Customer relationship management | Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study large amounts of information.CRM systems compile data from a range of different communication channels, including a company's website, telephone, email, live chat, marketing materials and more recently, social media. They allow businesses to learn more about their target audiences and how to best cater for their needs, thus retaining customers and driving sales growth. |
| Bitwise operation | In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor. |
| Special Activities Center | The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015. |
| Operations management | Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements. |
| Operations research | Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences. |
| Surgery | Surgery is a medical or dental specialty that uses operative manual and instrumental techniques on a person to investigate or treat a pathological condition such as a disease or injury, to help improve bodily function, appearance, or to repair unwanted ruptured areas.\nThe act of performing surgery may be called a surgical procedure, operation, or simply "surgery". |
| Operations director | The role of operations director generally encompasses the oversight of operational aspects of company strategy with responsibilities to ensure operation information is supplied to the chief executive and the board of directors as well as external parties.\n\n\n== Description ==\nThe role of operations director can vary according to the size of a company, and at some companies many even encompass some or all the functions of a chief operating officer.The Institute of Directors of the United Kingdom defines the role as overseeing "all operational aspects of company strategy" and "responsible for the flow of operations information to the chief executive, the board and, where necessary, external parties such as investors or financial institutions". |
| End-user license agreement | An end-user license agreement (short EULA) is a legal contract entered into between a software developer or vendor and the user of the software, often where the software has been purchased by the user from an intermediary such as a retailer. A EULA specifies in detail the rights and restrictions which apply to the use of the software.Many form contracts are only contained in digital form and only presented to a user as a click-through which the user must "accept". |
| Contributor License Agreement | A Contributor License Agreement (CLA) defines the terms under which intellectual property has been contributed to a company/project, typically software under an open source license.\n\n\n== Rationale ==\nCLAs can be used to enable vendors to easily pursue legal resolution in the case of copyright disputes, or to relicense products to which contributions have been received from third parties. |
| Client access license | A client access license (CAL) is a commercial software license that allows client computers to use server software services. Most commercial desktop apps are licensed so that payment is required for each installation, but some server products can be licensed so that payment is required for each device or user that accesses the service provided by the software. |
| Software license | A software license is a legal instrument (usually by way of contract law, with or without printed material) governing the use or redistribution of software. Under United States copyright law, all software is copyright protected, in both source code and object code forms, unless that software was developed by the United States Government, in which case it cannot be copyrighted. |
| Open-core model | The open-core model is a business model for the monetization of commercially produced open-source software. Coined by Andrew Lampitt in 2008, the open-core model primarily involves offering a "core" or feature-limited version of a software product as free and open-source software, while offering "commercial" versions or add-ons as proprietary software.The concept of open-core software has proven to be controversial, as many developers do not consider the business model to be true open-source software. |
| Management | Management (or managing) is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business. |
| Agile management | Agile management is the application of the principles of Agile software development to various management processes, particularly project management. Following the appearance of the Manifesto for Agile Software Development in 2001, Agile techniques started to spread into other areas of activity. |
| Network management | Network management is the process of administering and managing computer networks. Services provided by this discipline include fault analysis, performance management, provisioning of networks and maintaining quality of service. |
| Risk management | Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.\nRisks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. |
| Minsk agreements | The Minsk agreements were a series of international agreements which sought to end the war in the Donbas region of Ukraine. The first, known as the Minsk Protocol, was drafted in 2014 by the Trilateral Contact Group on Ukraine, consisting of Ukraine, Russia, and the Organization for Security and Co-operation in Europe (OSCE), with mediation by the leaders of France and Germany in the so-called Normandy Format. |
| Non-disclosure agreement | A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA), secrecy agreement (SA), or non-disparagement agreement, is a legal contract or part of a contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to. Doctor–patient confidentiality (physician–patient privilege), attorney–client privilege, priest–penitent privilege and bank–client confidentiality agreements are examples of NDAs, which are often not enshrined in a written contract between the parties. |
| Good Friday Agreement | The Good Friday Agreement (GFA), or Belfast Agreement (Irish: Comhaontú Aoine an Chéasta or Comhaontú Bhéal Feirste; Ulster-Scots: Guid Friday Greeance or Bilfawst Greeance), is a pair of agreements signed on 10 April 1998 that ended most of the violence of the Troubles, a political conflict in Northern Ireland that had ensued since the late 1960s. It was a major development in the Northern Ireland peace process of the 1990s. |
| Prenuptial agreement | A prenuptial agreement, antenuptial agreement, or premarital agreement (commonly referred to as a prenup), is a written contract entered into by a couple prior to marriage or a civil union that enables them to select and control many of the legal rights they acquire upon marrying, and what happens when their marriage eventually ends by death or divorce. Couples enter into a written prenuptial agreement to supersede many of the default marital laws that would otherwise apply in the event of divorce, such as the laws that govern the division of property, retirement benefits, savings, and the right to seek alimony (spousal support) with agreed-upon terms that provide certainty and clarify their marital rights. |
| TRIPS Agreement | The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO). It establishes minimum standards for the regulation by national governments of different forms of intellectual property (IP) as applied to nationals of other WTO member nations. |
| Paris Agreement | The Paris Agreement (French: Accord de Paris), often referred to as the Paris Accords or the Paris Climate Accords, is an international treaty on climate change, adopted in 2015. It covers climate change mitigation, adaptation, and finance. |
| Haavara Agreement | The Haavara Agreement (Hebrew: הֶסְכֵּם הַעֲבָרָה Translit.: heskem haavara Translated: "transfer agreement") was an agreement between Nazi Germany and Zionist German Jews signed on 25 August 1933. The agreement was finalized after three months of talks by the Zionist Federation of Germany, the Anglo-Palestine Bank (under the directive of the Jewish Agency) and the economic authorities of Nazi Germany. |
| Photograph | A photograph (also known as a photo, image, or picture) is an image created by light falling on a photosensitive surface, usually photographic film or an electronic image sensor, such as a CCD or a CMOS chip. Most photographs are now created using a smartphone/camera, which uses a lens to focus the scene's visible wavelengths of light into a reproduction of what the human eye would see. |
| Balance sheet | In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. |
| Financial ratio | A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization. |
| Trustmark (bank) | Trustmark is a commercial bank and financial services company headquartered in Jackson, Mississippi, United States, with subsidiaries Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance. The bank's initial predecessor, The Jackson Bank, was chartered by the State of Mississippi in 1889. |
| Form 10-K | A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document). |
| Federal takeover of Fannie Mae and Freddie Mac | In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis. |
| This Is a Photograph | This Is a Photograph is the seventh studio album by American indie rock musician Kevin Morby, released on May 13, 2022, on Dead Oceans.\n\n\n== Background and recording ==\n\nThe album was written primarily during Morby's sojourn in Memphis, Tennessee, where he stayed at the historic Peabody Hotel. |
| Pseudo-photograph | A pseudo-photograph is "an image, whether made by computer-graphics or otherwise howsoever, which appears to be a photograph".Although the term pseudo-photograph can be applied regardless of what it depicts, in law its meaning is especially relevant regarding child pornography.\nIn the U.K., the Criminal Justice and Public Order Act 1994 amended the Protection of Children Act 1978 so as to define the concept of an "indecent pseudo-photograph of a child". |
| Photograph manipulation | Photograph manipulation involves the transformation or alteration of a photograph using various methods and techniques to achieve desired results. Some photograph manipulations are considered to be skillful artwork, while others are considered to be unethical practices, especially when used to deceive the public. |
| The Last Photograph | The Last Photograph is a 2017 British drama film directed by and starring Danny Huston. Its screenplay was written by Simon Astaire based on his own novel. |
| Monsoon (photographs) | Monsoon is a series of colour photographs taken by New Zealand photographer Brian Brake, a member of the Magnum Photos cooperative. Brake illustrated the effect of the monsoon by concentrating on the people affected by it. |
| Risk Factors |
|---|
| CPI CORP Item 1A Risk Factors We wish to caution readers that in addition to the important factors described elsewhere in this Annual Report on Form 10-K, the following important factors, among others, sometimes have affected, or in the future could affect, our actual results and could cause our actual consolidated results during fiscal 2006, and beyond, to differ materially from those expressed in any forward-looking statements made by us or on our behalf |
| We are materially dependent upon Sears |
| Substantially all of our sales for fiscal 2005 were derived from sales in Sears stores |
| Therefore, we are materially dependent upon our relationship with Sears, the continued goodwill of Sears and the integrity of the Sears brand name in the retail marketplace |
| Any deterioration in our Sears relationship could have a material adverse effect on us |
| Because we represent only a small fraction of Sears’ revenues, any deterioration of our relationship with Sears would have a far greater effect on us than on Sears |
| In addition, our competitive posture could be weakened with negative changes in Sears’ competitive posture |
| Our business practices and operations need to be acceptable to Sears |
| Because of the importance of our Sears relationship to us, our business practices and procedures must at all times be acceptable to Sears |
| In addition, under our license agreements Sears has substantial contractual rights, which it can exercise in a manner that can have a material adverse effect on us |
| Consequently, in the future, we may make changes to our business practices and procedures, including with regards to advertising and promotions, pricing, product offerings, studio facilities, technology, management and employment practices in response to Sears’ requests that would not be in our best interests and could materially and adversely affect our sales, costs, margins, business development or other aspects of our business |
| Sears or Sears Canada may terminate, breach, otherwise limit or increase our expenses under our license agreements |
| Our Sears permanent studios in the US and Canada are operated pursuant to license agreements |
| As of February 4, 2006, our license agreements with Sears and Sears Canada have the following expiration dates: for our US and Puerto Rico Sears studios, December 2008; and for our Canadian Sears studios, June 2006 |
| These agreements are more fully described in “Item 1 |
| The Company’s Relationship with Sears |
| ” Sears is under no obligation to renew these licenses |
| Sears may also increase the license fees we pay under our license agreements upon renewal of the agreements |
| In addition, license fees under our Canadian agreement increase periodically if certain sales or other conditions are met |
| We do not have the contractual right to close any poorly performing locations without Sears’ consent |
| In addition, our license agreements do not prohibit Sears from selling many of the tangible goods we sell, or from processing film or digital photos, in other departments within its stores |
| Furthermore, there is always the risk that Sears might breach one or both of our license agreements |
| The loss or breach of the licenses from Sears could have a material adverse effect on us |
| An adverse change in any other aspects of our business relationship with Sears, including the reduction of the number of studios operated pursuant to such arrangements or a decision by Sears to license studios to other persons could have a material adverse effect on us |
| The Company’s Relationship with Sears |
| ” An economic downturn, a reduction in consumer spending or decreased customer traffic in our host stores could materially adversely affect our business |
| Portrait photography services may be affected by negative trends in the general economy |
| Any reduction in consumer confidence or disposable income in general may affect companies in this specialty retail service industry |
| In addition, our portrait studios in Sears stores are somewhat dependent on customer traffic generated by the host stores |
| The host stores, as part of the retail industry, may be affected by a downturn in the economy and a decrease in discretionary income of potential customers |
| A reduction in host store traffic could adversely affect us |
| 9 If our key suppliers become unable to continue to provide us supplies under our current contract, we will need to obtain an alternative source of supplies |
| If we enter into an agreement to obtain such supplies at less desirable terms, our financial condition and results of operations could be materially adversely affected |
| Suppliers,” the Company has an agreement with Eastman Kodak for photographic paper |
| It also purchases dye sublimation paper used for on-site printing primarily from Sony and processing chemistry from Fuji-Hunt |
| Additionally, the Company utilizes the software of a single vendor for our studio photography and manufacturing fulfillment for digital systems |
| If these companies become unable to continue to provide us supplies or services under our current arrangements or if prices are increased dramatically, we will need to obtain alternative sources of supplies or services |
| Although management believes that the available alternative sources of supplies are adequate, there can be no assurance we would be able to obtain such supplies at the same or similar terms to those we currently have in place |
| If we enter into an agreement to obtain such supplies at less desirable terms, our financial condition and results of operations could be materially adversely affected |
| Should the Company be forced to replace its digital software vendor, related costs could increase and production could be disrupted for a period of time, which could have a material adverse impact on the results of operations |
| Our inability to remain competitive could have a detrimental impact on our results of operations |
| The professional portrait photography industry is highly competitive |
| Certain of our competitors and potential competitors benefit from strong name recognition and have a strategy focused principally on lower prices |
| Moreover, evolving technology and business relationships may make it easier and cheaper for our competitors and potential competitors to develop products or services similar to ours or to sell competing products or services in our markets |
| The companies in our industry compete on the basis of price, service, quality, location, product mix and convenience of retail distribution channel |
| With conversion to digital technology, we have implemented various offer changes and targeted price increases |
| These changes have contributed to a reduced level of customer sittings, which has been more than offset by increased order averages |
| If the Company cannot continue to provide perceived value for our customers, this could have a material adverse impact on sales and profitability |
| To compete successfully, we must continue to remain competitive in areas of price, service, quality, location, product mix and convenience of distribution |
| If we lose our key personnel, our business may be adversely affected |
| Our continued success depends upon, to a large extent, the efforts and abilities of our key employees, particularly our executive management team |
| We cannot assure you of the continued employment of any members of management |
| Competition for qualified management personnel is intense |
| The loss of the services of our key employees or the failure to retain qualified employees when needed could materially adversely affect us |
| Our fourth quarter sales and income are disproportionately high and we are vulnerable to downturns in consumer holiday spending that can adversely affect our business |
| Our business is highly seasonal, with the largest volume occurring in the fourth fiscal quarter, between Thanksgiving and Christmas |
| The fourth quarters in fiscal 2005 and 2004 have accounted for approximately 35prca of our annual sales |
| As a result, fourth quarter operating results significantly impact annual operating results |
| Our fourth quarter operating results may fluctuate significantly based on many factors, including holiday spending patterns and weather conditions |
| 10 A significant increase in piracy of our photographs could materially adversely affect our business, financial condition or results of operations |
| We rely on copyright laws to protect our proprietary rights in our portrait photographs |
| However, our ability to prevent piracy and enforce our proprietary rights in our photographs is limited |
| We are aware that unauthorized copying of photographs occurs within our industry |
| A significant increase in the frequency of unauthorized copying of our photographs could materially adversely affect our business, financial condition and results of operations by reducing revenues from photograph sales |
| Any disruption in our manufacturing process could have a material adverse impact on our business |
| We are dependent upon the efficient operation of our portrait processing facilities to maintain our portrait quality, timeliness of delivery and low cost operation |
| Our US full digital platform utilizes the software of a single vendor for our studio photography and manufacturing fulfillment digital systems |
| Any material delay in the vendor’s networking environment, coupled with a failure to identify and implement alternative solutions, could have an adverse effect upon the operations of the business |
| Additionally, should this vendor no longer operate, the Company may be forced to find another source of this support, which could be more costly and could delay production for a period of time |
| Although on-site printing is an available alternative to central printing, it currently would be difficult and costly for on-site printing to replace central fulfillment during the holiday busy season |
| Any disruption of our processing systems for any reason could adversely impact our business, financial condition and results of operations |
| Widespread equipment failure in our portrait studios could materially adversely impact the financial condition or results of operations |
| The Company has recently installed new digital equipment in all US studios which has operated effectively throughout the 2005 holiday season and is beginning to install such equipment in Canadian studios |
| Should there be a widespread defect in such equipment that prevents the use of such equipment, production could be delayed for a period of time |
| This could materially adversely impact the financial conditions and results of operations of the Company |
| The agreements governing our debt impose restrictions on our business |
| Our credit agreement contains covenants and requires financial ratios and tests, which impose restrictions on our business |
| These covenants, ratios and tests are summarized in “Item 7 |
| Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources |
| ” Our ability to comply with these restrictions may be affected by events beyond our control, including, but not limited to, prevailing economic, financial and industry conditions |
| The breach of any of these covenants or restrictions, as well as any failure to make a payment of interest or principal when due, could result in a default under the credit agreement |
| Such a default would permit our lenders to declare all amounts borrowed from them to be due and payable, together with accrued and unpaid interest, and the ability to borrow under this agreement could be terminated |
| If we are unable to repay debt to our lenders, these lenders could proceed against the collateral securing that debt |