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Walmart may have become the nation's largest retailer because of its broad selection of items and widespread stores, but it's still not immune to the problems other businesses face. Changes to the store's shopping experiencein 2023. But now, shoppers appear to be turning away from Walmart stores—and Ozempic may be to blame. Read on to see why the company's CEO thinks the popular weight loss drug is affecting sales.
Some believe that the surging popularity of the appetite suppressants could translate into a downturn in food sales, with researchers at Morgan Stanley forecasting that"The food, beverage, and restaurant industries could see softer demand, particularly for unhealthier foods and high-fat, sweet, and salty options,"However, Walmart's findings may be the first red flag for food companies that have spent the past decade building toward a different future.
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