Posted: Fri Feb 02, 2007 7:54 pm
Mike the closest Wally to us is in Sandpoint, 25 miles away. They are not a big threat to us anymore. They used to be, but per their philosophy, their prices actually have gone up quite fast in a relatively short period of time. They do this as competition dwindles or their customer count increases. Fortunately for us, the stores in Sandpoint took the brunt of the hit, coupled with the fact that our business philosophy doesn't allow for big price increases, our business never really dropped off.