Our distribution network is over capacity and has been for some time.
More Quotes from Phil Marineau:
Wal-Mart is such a huge retailer that, when it changes its strategy, it's going to affect your business.Phil Marineau
This is a strategic choice that Wal-Mart is making. We respect their decision to emphasize the private label.
Phil Marineau
We planned on lower revenues because we are in the midst of transforming the business in Europe, and in the U.S. some of our retail customers are consolidating.
Phil Marineau
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