date:Jul 23, 2012
Palmas had an unusual decline for the quarter, which we are attributing to retailers on the West coast shifting the format of their stores and temporarily disrupting sales at the retailer level. Consumer trends on the brand remain very strong.
In the conference call with securities analysts, Mr. Wenner said cost saving efforts by retailers has slowed new product introductions, because some retailers have extended their product category reviews to 12 months or more.
This is more about changing t