Shareholder Question: Lowe’s & Home Depot

QUESTION

  • Any updates on these 2 accounts, we have not heard anything about them in quite awhile. Now that the new year is here could we possible see some more expansion from lowes  or home depot giving us some test stores to go along with the online offering.  Any update would be appreciated.

ANSWER

In the case of Lowe’s USA there has not been a change in the official status of being in an in-store trial since last reported.  The extrapolated sales across the chain from the test stores is considered good, customer satisfaction is good, staff acceptance is good, pricing is not an issue, deliveries are being made flawlessly.  Lowe’s Canada has provided a full listing, where we are on the shelves and doing fine.

In the case of Home Depot USA, there has not been a change in the official status of being in a  HomeDepot.com trial since last reported;

Our understanding is that all is considered positive in this relationship too, and that the 1000+ Stain Remover name will be substituted for WC by Home Depot online in Q1.   Home Depot Canada has provided a full listing, where we are on the shelves and doing fine.

The conclusion from the above is that things are in good shape as far as they go, but we do not have reliable information about next steps by the American parent companies or their timing.

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