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      "text": "Notably, 73% of US Retail locations are within 25 miles of another location, while 63% are within 20 miles and 45% are within 15 miles",
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      "text": "A Retail location typically services customers within ~25-40 miles. However, footprint analysis of Agrium's 700+ continental US Retail locations shows significant overlap at distances well within this functional radius.",
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      "text": "Agrium's Retail distribution business is not a 'walk-in' traditional retailer. Phone order business, where customers have a salesperson as their primary point of contact and rarely visit a Retail location. Retail locations effectively serve as distribution centers.",
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      "text": "Cost Management, Controls, Capital Allocation, Conglomerate Structure, Corporate Governance",
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      "text": "“I don’t think any of my customers have ever been in the store” — Retail sales associate interview",
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      "text": "(1) Farm center and satellite locations. See page 17 for more detailed description of footprint analysis.",
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