Emerson Radio (MSN) says Wal-Mart (WMT) has informed the company it will no longer sell two...

|About: Emerson Radio Corp (MSN)|By:, SA News Editor

Emerson Radio (MSN) says Wal-Mart (WMT) has informed the company it will no longer sell two microwave products which accounted for approximately 48% of EMR's net revenues during FY12. Emerson will continue shipping these products throughout the remainder of FY13, with sales declining in 4Q13. Emerson anticipates that the full impact of Wal-Mart’s decision will be realized by the company in FY14. Shares -6% AH.