This weeks we edition of our new Youtube Series Velocity Institute This Week Features Walmart, Wegmans, Macys & Tesco News. The Retailer-owned Brand News & Insights show is hosted by Velocity president Christopher Durham. Thanks for watching, and don't forget to like, and subscribe.
Velocity Institute’s annual Sustainability Summit is fast approaching - September 26-27 in Austin, Texas. This year, we’re going bigger than ever, with more than two dozen speakers and twenty hours of insights and networking events—all in just two days. Register Now! Featuring presentations from: Tom Hermes, VP, Sourcing and Product Development, WHOLE FOODS MARKET
A popular Wegmans-owned brand product is being discontinued! The Rochester, New York-based grocer announced it is discontinuing its Wegmans brand soda, also known as "WPOP," because of concerns over artificial ingredients in the products. In a statement released Wednesday, Wegmans said the soda fails to meet the requirements of its "Our Food You Feel
CVS Health today announced that it had launched Cordavis, a wholly-owned subsidiary that will work directly with manufacturers to commercialize and/or co-produce private brand biosimilar products (an FDA-approved biologic medication that is highly similar to and has no clinically meaningful differences from a biologic medicine already approved by the FDA) for the U.S. pharmaceutical
In a post-COVID world, sustainability has become an inescapable buzzword, used to market everything from blue jeans to ice cream. Retailers, including Walmart, Target, Kroger, Whole Foods, Walgreens, and Amazon, have all announced sustainability initiatives and goals that feature sustainability goals for Private Brand products and packaging. The 2023 Velocity Institute Sustainability Summit, is
British shoppers at Tesco will soon see changes across its Tesco-owned Brand milk – as the supermarket works with suppliers to make milk bottles even easier to recycle. By removing colored plastic and changing blue, red and green milk caps to a clear alternative – on around 425 million bottles of milk every year
This week Walmart Inc. announced its second-quarter results, including strong revenue and operating income growth of 5.7% and 6.7%, respectively. The Retailer sees strength in its omnichannel model across segments with strong comp sales globally, including 6.4%3 for Walmart U.S. The Company raises guidance for FY24 to reflect Q2 upside, confidence in continued business momentum,
The Sustainability Summit 2023 is a little more than a month away, and we’re excited to see everyone again in Austin. Now is a great time to purchase your tickets and travel, and we hope to see you soon. Over the next few weeks, we will reveal all the presentations, including executive speakers from
This week former Vertex Awards Retailer of the Year Boxed.com was acquired by MSG Distributors, Inc. ("MSG"). The online retailer and its intellectual property portfolios, including the Vertex Award-winning Retailer-owned Brand Prince & Spring, were purchased in an all-cash transaction that has been completed. MSG is a regional distributor of consumables, household essentials and
The Sustainability Summit 2023 is a little more than a month away, and we’re excited to see everyone again in Austin. Now is a great time to purchase your tickets and travel, and we hope to see you soon. Over the next few weeks, we will reveal all the presentations, including executive speakers from
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