The first order for Christmas 2010 is for $500,000.
Carmit Candy Industries Ltd. (TASE: CMRT) has signed a contract with Wal-Mart Stores Inc. (NYSE: WMT) to sell chocolate coins for Christmas. The first order for Christmas 2010 is for $500,000.
Carmit's sales in the US totaled $8 million in 2009.
Wal-Mart has a 20% share of the US food retail and consumer products market, and had $400 billion in sales in 2009.
Carmit's share was unchanged at NIS 3.60 at the opening today, giving a market cap of NIS 20 million.
Published by Globes [online], Israel business news - www.globes-online.com - on April 18, 2010
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