No doubt and even if they did track it, Home Depot in Canada would probably be happy their competitor is not selling it anymore... and im sure they would be pretty upset if Wally got lower prices and started undercutting them... these customers will just go to the other retailers now and increase sales there, helping it remain on their shelf.
Anybody know Walmarts paint sales in Canada?... Maybe they are reducing this department size/overhead and WC is effected by this?! They could be trying to reduce their cost on ALL products in this department... Seems like there are lots of hardware/paint retailers in Canada for only 30 million population (size of California)... Its very possible this Springs paint sales were weak for them and all products in that department are effected. The "timing" seems to line up with this possibility, its the end of the season when they evaluate Dept numbers.
It sucks to see a retailer go no matter how you slice it, but Like i said yesterday, they are MANY reasons why products come and go in stores.... They key is that we are expanding retail presence faster than we are losing retailers... and its happening in a country that has a population MUCH bigger than Canada.
Even without Wally in Canada, i expect sales to continue growing. It wont even be noticeable IMO... Wallys biggest order probably hit 2 years ago when they first stocked the product and its possible that they added no more than a few grand to last quarters numbers.
IMO we lost half out market cap because of the NAME, not the impact on the numbers. Its oversold
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