A consumer thread

 
Chocolate maker Ferrero has agreed to buy cereal giant WK Kellogg in a deal valued at $3.1 billion, the companies announced Thursday.

Shares of WK Kellogg soared 30% in premarket trading on the announcement. Excluding Thursday's stock move, shares have fallen more than 2% this year, dragging the company's market value down to about $1.5 billion. The $23 per-share purchase price represents a 31% premium above the stock's closing price on Wednesday.
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The deal is expected to close in the latter half of the year, pending approval from shareholders and regulators.

WK Kellogg, which makes U.S. childhood staples such as Froot Loops and Frosted Flakes, spun off into a standalone company in 2023 as Kellogg sought to focus more on its growing snack business and divest from the sleepy cereal category. Kellogg renamed itself to Kellanova, which now houses snack brands such as Pringles and Cheez-It. M&M owner Mars agreed to buy Kellanova for $36 billion last year in a deal that has not yet closed...
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Ferrero to buy cereal maker WK Kellogg for $3.1 billion; Kellogg shares jump 30%
 
is recalling about 850,000 stainless steel water bottles because the lid can "forcefully eject" and unexpectedly strike consumers — resulting in permanent vision loss for two people to date.

The recall covers Walmart's "Ozark Trail 64 oz Stainless Steel Insulated Water Bottles," which have been sold at the chain's stores across the country since 2017. According to a notice published by the U.S. Consumer Product Safety Commission on Thursday, these products pose "serious impact and laceration hazards."

That's because when a consumer attempts to open the bottles "after food, carbonated beverages or perishable beverages, such as juice or milk, are stored inside over time," the lid can eject forcefully, the CPSC notes...
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Walmart recalls 850,000 water bottles after two consumers suffer vision loss from ejecting lids
 
LordSensei1958 said:
@everyone
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I think this should be chalked up to Darwinism. Carbonated things and decaying things have gasses in them and of course it's going to fill up and blow the lid off. And who the fuck puts food in one of those anyways? I have to admit I was worried when I just saw the headline because I just replaced my water bottle with something I found at Walmart that didn't have a name brand on it that I could see. I was bummed out because I'm really picky about the features on my water bottle and thought it's gonna be fucking hard to find a replacement but I don't have to because I'm not a complete moron who doesn't know how to use a water bottle.
 
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A lot of this is true, but the author doesn't have the issues in the right order. The main thing that "killed" Target is the wokeness. That's followed by things like a really fucked up employment algorithm that is supposed to determine the number of needed employees, both for given days and overall, but leaves stores chronically understaffed as pennies are pinched at the bottom of the corporate ladder so that the CEO can pocket more than $20m a year in salary and other benefits, which has resulted in the shitty service, stocking issues and other associated problems mentioned i the article.


...The retailer, which gained a loyal following over decades for its quirky, progressive and chic approach to big-box retail, now appears stuck as it tries to grow again and bounce back from lower store traffic, inventory issues and customer backlash. Shares of Target have fallen about 61% since their all-time high in late 2021. That peak came after Target's sales rose more than $15 billion in the fiscal year following the start of the Covid pandemic, but its annual revenue has stagnated for the past four years. And Target said in May that it expects sales to fall this year...
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'Lost their identity': Why Target is struggling to win over shoppers and investors
 
It's about fucking time! Now, let's see how long it takes for this to be implemented, if it actually is at all:



President Trump was on a sugar high Wednesday, announcing that Coca-Cola would soon include the real sweet stuff in its US-sold beverages.


“I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so,” Trump, 79, revealed on Truth Social.,,
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Trump says Coca-Cola agreed to use real cane sugar in US drinks: ‘It’s just better!’
 
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