Walmart launches store
Time:2024-05-21 17:21:49 Source:healthViews(143)
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.
Previous:Here comes the char
Next:Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
You may also like
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- Jets might have a tough call to make between a playmaker or protection at No. 10 in the NFL draft
- Caitlin Clark mobbed by fans at introductory Indiana Fever press conference
- Indianapolis man charged with murder in fatal shootings of 3 at apartment complex
- Red Lobster seeks bankruptcy protection after closing some restaurants
- A former Maldives president is freed after a high court throws out his 11
- District attorney says Memphis police officer may have been killed by friendly fire
- Bengals likely to look for an offensive tackle and run
- Here comes the char