politics

Walmart launches store

Font size+Author:Global Glance news portalSource:world2024-05-22 05:35:30I want to comment(0)

NEW YORK (AP) — Walmart said Tuesday it is launching its biggest store-label food brand in 20 years

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
  • Why US Catholics are planning pilgrimages in communities across the nation

    Why US Catholics are planning pilgrimages in communities across the nation

    2024-05-22 04:34

  • Team Penske in spotlight as it prepares run for Indy 500 pole with Larson a serious contender

    Team Penske in spotlight as it prepares run for Indy 500 pole with Larson a serious contender

    2024-05-22 04:26

  • Most water is now safe to drink after parasite outbreak near Devon, England

    Most water is now safe to drink after parasite outbreak near Devon, England

    2024-05-22 04:22

  • Chelsea women rout United to win 5th straight title as manager Emma Hayes exits for US

    Chelsea women rout United to win 5th straight title as manager Emma Hayes exits for US

    2024-05-22 04:14

Netizen comments