Walmart launches store
NEW YORK (AP) — Walmart said Tuesday it is launching its biggest store-label food brand in 20 years in terms of its breadth of items, as it seeks to appeal to younger customers who are not brand loyal and want chef-inspired foods that are more affordably priced.
The brand, called Bettergoods, is just hitting Walmart stores and online. By this fall, there will be 300 products, spanning frozen, dairy, snacks, beverages, pasta, soups, coffee, chocolate among others, the retailer said. The prices range from under $2 to under $15, with most products available for under $5.
The launch from the country’s largest retailer comes as inflation has driven shoppers to seek less-expensive alternatives, lifting the popularity of private-label brands. Private brands in food and beverage accounted for nearly 26% of the overall market share in the number of units in that category sold last year, up from 24.7% during the previous year, according to market research firm Circana. That compares with 74.5% for national brands last year, down from 75.3% in 2022.
Related articles
Sports betting roundup: Xander Schauffele's final putt pays off for bettors
Xander Schauffele entered the PGA Championship with +1400 odds to win at BetMGM Sportsbook.That turn2024-05-21- Xi Jinping, general secretary of the Communist Party of China Central Committee, meets with Ma Ying-2024-05-21
Chile to recall ambassador from Venezuela for consultations
SANTIAGO, April 11 (Xinhua) -- Chilean President Gabriel Boric said on Thursday that he will recall2024-05-21- China's top anti-graft official Li Xi on Monday urged efforts to thoroughly study and implement2024-05-21
Ben Whishaw lights up the Croisette as he joins his co
Ben Whishaw was all smiles at the world premiere of Limonov: The Ballad at the 77th annual Cannes Fi2024-05-21China makes headway in building international commercial arbitration centers
In 2023, eight arbitration institutions in the pilot areas for the construction of China's inter2024-05-21
atest comment