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rado

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rado

Re: swampboots post# 66331

Tuesday, 11/19/2019 11:08:11 AM

Tuesday, November 19, 2019 11:08:11 AM

Post# of 116676
From the call, the potential recovery from insurance is over $2Million. What they do not recover they will seek to recover from the vendor. It was a low-margin Black Friday product for Walmart that was damaged. It is difficult to get all information from Walmart to provide the insurers.

They will be impacted by tariffs going forward and have already paid tariffs of $200K. They aren't able to quickly and easily move their manufacturing out of China.

The China channel is open online but will take time to develop in stores.
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