Wal-Mart promises to sell healthy food

michelle_obama.gi.top.jpgFirst Lady Michelle Obama appears at Wal-Mart's announcement in Washington of its healthier food initiative. By Aaron Smith, staff writer


NEW YORK (CNNMoney) -- With the help of First Lady Michelle Obama, Wal-Mart vowed Thursday to start selling healthier food.

The world's largest retailer unveiled a five-year plan for selling more nutritional food at a news conference in Washington that included Mrs. Obama.

"The largest corporation in America is launching a program that has the potential to change the marketplace and help families put nutritious food on their table every single day," Obama said, who promotes health through her "Let's Move" campaign.

"I believe this charter is a huge victory for folks all across this country. Most of all, it's a victory for our children," the First Lady added.

The plan includes reducing sodium by 25% in grain products, lunch meats, salad dressing and frozen food.

It also means reducing sugar by 10% in dairy products, sauces and fruit drinks. Wal-Mart also plans to get rid of packaged food products with industrially produced trans fats.

The company said it would make these changes in its own Great Value line of products, and work with suppliers to make sure they do the same thing.

"No family should have to choose between food that is healthier for them and food they can afford," said Wal-Mart Stores Chief Executive Bill Simon. "With more than 140 million customer visits each week, Wal-Mart is uniquely positioned to make a difference by making food healthier and more affordable to everyone."

Wal-Mart's (WMT, Fortune 500) stock edged up 1% on the news, even as the stock market declined overall. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET
Sponsors

Sections

Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.