Cott losing shelf-space at Wal-Mart

Shares of Cott dropped to a nine-year low Tuesday after it announced that Wal-Mart would reduce its shelf space for generic beverages in favor of name brand lines.

Cott, makers of RC Cola and also the self-proclaimed largest producer of store-brand soft drinks in the world, said in a statement Tuesday that Wal-Mart would reduce shelf space and product support for its Cott-produced private label soft drinks, including Sam’s Choice.

Their stock dropped to less than $2.43 per share Tuesday, down from a close of $4.05 on Monday, and a one-year high of $16.84 in April.