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  • Retailers already planning to reallocate Bud Light's shelf space, rival drink executive says

    08/04/2023 10:43:29 PM PDT · by 11th_VA · 31 replies
    Fox News ^ | August 3, 2023 | By Alexander Hall
    The Wall Street Journal reported Thursday that "Bud Light sales might never fully regain the ground they have lost to competitors" as stores clear their shelves to make room for other brands... On Thursday, Anheuser-Busch InBev also announced that it would be laying off hundreds of workers. The Wall Street Journal noted that as Bud Light sales continue "cratering," the "biggest beneficiary of Bud Light’s woes" is rival company Molson Coors Beverage. "There are reasons to believe that Bud Light sales might be permanently impaired. Molson Coors Chief Executive Gavin Hattersley said on a conference call with analysts that retailers...