Walmart launches store
Time:2024-05-22 01:41:25 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:Kylie Jenner displays her VERY edgy fashion sense in cleavage
Next:How Diddy made himself the 'victim' in apology video where he does not mention ex
You may also like
- Brewers starter Joe Ross leaves after first inning vs. Marlins with lower back strain
- A Florida man is recovering after a shark attack at a Bahamas marina
- AP Week in Pictures: North America
- Average long
- Climber found dead on Denali, North America's tallest peak
- With contestants ditching English language songs to 'ambivalence' over the Union Jack
- Closing prices for crude oil, gold and other commodities
- FBI warns that foreign adversaries could use AI to spread disinformation about US elections
- Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports