No More Organics at Wal-Mart?

"BusinessWeek reported today that the retail behemoth "has backed off of aggressive plans to offer more organic foods."

Wal-Mart itself tepidly denies its retreat from organic, claiming that its original plans to push into organics had been exaggerated in media reports.

But BusinessWeek counters that large- and midscale organic farmers from Florida to Maine are claiming Wal-Mart is buying less stuff.

According to the newsweekly, Wal-Mart's faltering organic strategy is part of a broader trend: the company would like to capture higher profit margins by selling "upscale" products, but its customers -- even higher-income ones -- doggedly see it as the place to load up on cheap stuff."

Read the article.