A story in today's New York Times says Wal-Mart plans to cut down on sugar, fat and sodium in its food offerings over the next five years, and to pressure other suppliers to do the same. The mega-retailer also plans to announce Thursday that it will sell fresh fruits and vegetables more cheaply - cutting into its own profits but making up for the loss in sales volume.
The move is expected to have a major impact on American eating habits. Wal-Mart is the country's biggest grocery retailer, and last year surpassed Harris Teeter to become the Charlotte region's top grocer.
Company officials say Wal-Mart's initiative is the product of numerous discussions with Michelle Obama, who has made reducing childhood obesity a priority. But Wal-Mart has faced six quarters of declining sales at its stores open for more than a year (while still posting a profit). The company also faces competition from low-cost stores such as Family Dollar, which is expanding its consumable selections, and mega-retailer Target, which is seeking to increase its same-store sales by adding more fresh produce to hundreds of stores, including all those in the Charlotte region.
What do you think is behind Wal-Mart's initiative, and do you think the program will have a positive effect on America's health?