Well said, sir.
Excellent statement. It nails the elements of a quality response and positions his company favorably:
He states the issue (I want to thank Wal-Mart for inviting us to re-pitch the business.) and his position (I have decided to decline.), finds a place to showcase his brand (We helped build Wal-Mart from $11 billion in sales to $312 billion. We declare victory. We will do everything to make the transition perfect.) and wraps the sucker up in a helluva bow: "And we are moving on."
Listening to - Joe Purdy, Paris in the Morning