Walmart takes a stake in Angus beef supplier
September 1, 2022
Walmart is taking a minority stake in Sustainable Beef, a supplier of Angus beef that is led by ranchers and beef producers. Sustainable Beef, which plans to open a processing facility in Nebraska next month, will ship a majority of the beef it processes to the retailer. “Customers continue to tell us one of the biggest points of differentiation is they want to know where it comes from,” said Tyler Lehr, senior vice president of merchandising for deli services, meat and seafood for Walmart U.S. “They like to know and learn a little bit more about it rather than just seeing it on the meat counter. There’s a greater drive and desire for them to know what the backstory is on the products that they’re purchasing in store.”
Recent News
Columbus Walmart Shutdown Sparks Equipment Auction
A Walmart store in Columbus, Ohio, ceased operations due to underperformance and is now auctioning off its remaining retail equipment and merchandise. Located at 3579 S. High St., the store closed its doors in February, prompting a liquidation auction scheduled for Friday.
Lucid’s Anticipated Mid-Size EV SUV: Earth
Lucid Motors is on the brink of unveiling its latest addition to the electric vehicle market: a mid-size SUV priced below $50,000. This upcoming model, potentially named “Earth,” has garnered attention following trademark filings with the United States Patent and Trademark Office (USPTO), including “Earth Dream Edition” for a top-tier trim.
Consumer Confidence Drops Due to Rising Inflation Worries
Consumer sentiment took a hit as inflation concerns soared, despite otherwise positive signals in the economy, according to a recent survey.
UK Economic Growth Quickly Exits Recession
Britain’s economy has recently shown promising signs of recovery, with the first quarter of 2024 witnessing the strongest growth in almost three years.