entertainment

Walmart launches store

Font size+Author:Planet Panorama news portalSource:style2024-05-21 18:30:35I 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
  • Ben Whishaw lights up the Croisette as he joins his co

    Ben Whishaw lights up the Croisette as he joins his co

    2024-05-21 17:19

  • Robin Goodfellow's racing tips: Best bets for Saturday, May 18

    Robin Goodfellow's racing tips: Best bets for Saturday, May 18

    2024-05-21 17:13

  • Rochelle Humes flaunts her incredible figure in black bikini before slipping into a cream two

    Rochelle Humes flaunts her incredible figure in black bikini before slipping into a cream two

    2024-05-21 17:09

  • Inside Jo Wood's eclectic off

    Inside Jo Wood's eclectic off

    2024-05-21 16:30

Netizen comments