• The Wall Street Journal this morning reports that's Wal-Mart's slow down of its expansion plans – reported here on MNB yesterday - could have a broad impact in the food industry – both positive and negative, depending on the perspective.
"Industry observers say packaged-food companies that rely heavily on Wal-Mart's supercenters, which sell everything from food to furniture, could be hurt by its plan to slow the pace of U.S. store openings," the WSJ writes. "General Mills Inc., Kellogg Co. and Del Monte Foods Co. could feel the strongest impact, Credit Suisse analyst Robert Moskow said in a note to investors.
"On the other hand, the decision could be welcome news for rival supermarket chains, though they may not feel a benefit from the cutbacks until the second half of next year."
"Industry observers say packaged-food companies that rely heavily on Wal-Mart's supercenters, which sell everything from food to furniture, could be hurt by its plan to slow the pace of U.S. store openings," the WSJ writes. "General Mills Inc., Kellogg Co. and Del Monte Foods Co. could feel the strongest impact, Credit Suisse analyst Robert Moskow said in a note to investors.
"On the other hand, the decision could be welcome news for rival supermarket chains, though they may not feel a benefit from the cutbacks until the second half of next year."
- KC's View:
