Retailer acquires minority stake in planned Nebraska facility and will have seat on venture’s board THE WALL STREET JOURNAL // AUGUST 31, 2022 Walmart Inc. WMT -0.91%▼ is pushing deeper into the beef business, taking a stake in a planned Nebraska processing plant to help stock its meat sections and increase processing capacity in…
The no-booze beverage market peddles H2O disguised as lager; `I didn’t want to get made fun of for drinking Poland Spring at a punk show’ THE WALL STREET JOURNAL // AUGUST 19, 2022 NEW ORLEANS—Hundreds of visiting revelers hit the House of Blues blowout that kicked off the cocktail industry’s biggest annual conference, bobbing to…
Smirnoff owner says consumers show no signs of trading down despite high inflation THE WALL STREET JOURNAL // JULY 28, 2022 LONDON—Diageo DEO 0.43%▲ PLC reported a surge in annual sales and profit, buoyed by a recovery in trade at bars and restaurants as well as drinkers’ growing taste for the booze giant’s high-end spirits…
Retail stores are reporting stronger sales of beers like Busch Light and Icehouse, while Marlboro is losing ground to Montego and Maverick THE WALL STREET JOURNAL // JULY 24, 2022 Shoppers are trading down to cheap beer brands and discount cigarettes as they feel more pressure on their pocketbooks. Consumer prices in the U.S. rose…
Executives also have discussed exiting the business entirely to address regulatory pressure THE WALL STREET JOURNAL // JULY 15, 2022 Amazon.com Inc. AMZN 2.67%▲ has started drastically reducing the number of items it sells under its own brands, and the company has discussed the possibility of exiting the private-label business entirely to alleviate regulatory pressure,…
Some say quitting is tough, alternatives get tricky; ‘I smelled like scrambled eggs’ THE WALL STREET JOURNAL // JULY 11, 2022 It’s been more than two years since Laura Curtis-Moss last shampooed her hair. Ms. Curtis-Moss is part of the “no poo” movement, a backlash against modern haircare. Making the switch takes serious commitment, with…
After staffing, chick-hatching problems, the meat giant works to revamp the biggest U.S. chicken business THE WALL STREET JOURNAL // JULY 11, 2022 SPRINGDALE, Ark.—Tyson Foods Inc. TSN -1.58%▼ has fallen behind competitors in the business it has long dominated: chicken. Tyson Chief Executive Donnie King said he is committed to fixing the nation’s…
Volatile fuel costs make setting pump prices challenge for the small entrepreneurs behind many U.S. stations THE WALL STREET JOURNAL // JULY 11, 2022 Gasoline prices are falling almost as quickly as they rose, creating new headaches for the mom-and-pop entrepreneurs and other independent operators who run roughly half of U.S. gas stations. Fuel station…
E-cigarettes have the edge over heated tobacco among American smokers, but it isn’t guaranteed to last THE WALL STREET JOURNAL // JUNE 19, 2022 American smokers trying to quit have a choice between vapes, nicotine pouches and—a more recent introduction—heated tobacco sticks. Cigarette companies have a lot riding on which way they turn. Today,…
Farmers see yields dropping by 70%, damaging livelihoods and pushing up prices THE WALL STREET JOURNAL // JUNE 18, 2022 A mango orchard nestled in the northern Indian state of Uttar Pradesh has passed through three generations of Deepak Kumar’s family. His grandfather planted the saplings 35 years ago and by June, the trees…