Phil Marineau
Phil Marineau
choice decision emphasize private respect strategic
This is a strategic choice that Wal-Mart is making. We respect their decision to emphasize the private label.
capacity network
Our distribution network is over capacity and has been for some time.
business customers lower midst planned retail
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.
realistic trying
We're trying to be realistic and not trying to over-promise.
affect changes huge
Wal-Mart is such a huge retailer that, when it changes its strategy, it's going to affect your business.