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
Minneapolis-based Target tested and tasted and brought the high quality, great flavor, and incredible value of Good & Gather to babies and toddlers. Introducing Good & Gather Baby and Good & Gather Toddler — an exclusive line of wholesome, affordable items created especially for babies and toddlers. With most items under $5, plus a variety of
Earlier this month British retailer Tesco has outlined an ambitious plan for emissions reduction across its operations and value chain as it becomes one of the first retailers globally to have its *net-zero **science-based targets validated by the ***Science Based Targets Initiative (SBTi), the official body that validates climate targets. Tesco’s targets include stretching
The Velocity Institute is conducting our annual Sustainability and Retailer-owned Brand (Private Brand) industry research. The survey focuses on the elements of Sustainability most relevant to the private brand industry: sustainable product/ manufacturing and sustainable packaging. The survey should take less than 15 minutes to complete. To thank you for your time and input,
Meijer announced today it will host a Sustainability Summit this fall, expanding upon last year's inaugural event to give even more vendors nationwide the opportunity to showcase their environmentally-focused products for Meijer merchants to consider offering on shelves.This virtual event will be held Oct. 11-13 and seeks to engage suppliers with sustainable products in the food,
Velocity is the global industry association focused on retailers and their brands across all categories and channels. Velocity is leading the game-changing shift to radically transform the private label industry into RETAIL BRANDCENTRIC & CONSUMER FOCUSED. ALL retailers, manufacturers, and solution partners dedicated to helping to build Retail-owned Brands are invited to join the Institute.
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