This week Product Lifecycle Management (PLM) provider Centric Software announced that discount grocer ALDI SOUTH (SUD) is partnering with them to advance their digital transformation, support data-driven decision-making, and further enhance international collaboration. Founded in 1961, ALDI SOUTH is a global discount grocer with 7,100 stores in 11 countries, including Australia, Germany, UK, USA, and China, on four continents. After an intensive vendor selection process, ALDI SOUTH selected Centric Software to provide a category management solution to support collaboration on range and product development. They will implement Centric PLM and Visual Boards, a visual collaboration platform. “Centric Software stands out
John B. Sanfilippo & Son, Inc. today announced that it has signed a definitive agreement to acquire certain assets, including a private brand manufacturing facility located in Lakeville, Minnesota, and customer relationships, from Treehouse Foods, Inc. relating to its snack bars business unit for approximately $63.0 million dollars in cash, subject to certain adjustments. “This acquisition significantly accelerates our strategy within the growing snack bar category and diversifies our product offerings. We will be able to offer our private label customers a complete portfolio of snack bars, including fruit and grain, crunchy, protein, sweet and salty and chewy bars
This week Walmart launched a new exclusive range with internationally renowned, multi-Michelin starred chef, Gordon Ramsay, today announced the launch of his first frozen entrée line, By Chef Ramsay. Created by Gordon Ramsay himself, each recipe is crafted with the Chef’s culinary prowess and true quality ingredients. By Chef Ramsay features eight iconic and delicious recipes, like Ramsay Family Lasagna, Chicken Pot Pie, and Fish & Chips, all available now exclusively at Walmart stores nationwide. The range is manufactured by Golden West Food Group. By Chef Ramsay was created to bridge the gap between the famous dishes we’ve all
Market research and data company Numerator routinely track purchase data and survey verified buyers to understand consumer behavior. According to their site, the firm’s Private Label dashboard “provides a pulse on private label manufacturers across channels, consumer groups, and categories. Updated every three months, gain an omnichannel perspective on how private label brands and retailers are evolving through Numerator's single-source, first-party data.” Two thoughts on the report: The fact that they use the term private label means they do not understand the industry – and worse, they use the redundant and dated phrase “private label brands.” Despite the above
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 Good About" health and wellness commitment, adding it will remain committed to "helping customers live healthier, better lives." “We are discontinuing our Wegmans Brand Soda. Our ‘Food You Feel Good About’ banner stands for no artificial colors, flavors, or preservatives. We are discontinuing Wegmans Brand
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 market. The Cordavis products will be FDA-approved, high quality, easy for patients to use, and will help ensure a consistent long-term supply of affordable biosimilars. As the U.S. pharmaceutical environment evolves, biosimilars represent one of the biggest opportunities for reducing drug costs for employers and
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, and ongoing customer response to its value proposition. In addition, private brand sales in grocery were up more than 9% with penetration up nearly 40 basis points in Q2 and up more than 170 basis points on a two-year stack. “We had another strong quarter.
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 services B2B accounts through its strategically located distribution and fulfillment centers across the United States. MSG shares Boxed's long-standing commitment to providing exceptional products for businesses and consumers and will work tirelessly to ensure that MSG continues to serve Boxed customers, vendors, and brands with
This summer Vertex Awards winning Whole Foods-owned Brand 365 by Whole Foods Market debuted on Amazon. Amazon Prime members can enjoy free shipping on more than 3,500 products 365 products. Shoppers who utilize the “Subscribe and Save” feature on Amazon’s website, and set up automatic restocks can save up to 15% on supplements, snacks, paper products, and pantry essentials.
Kroger today shared that its Retailer-owned Brand Murray's Cheese Cave Aged Cheese range received numerous accolades at the American Cheese Society annual conference, bringing home five awards. Murray's operates more than 1,000 cheese counters in the Kroger Family of Stores, creating the customer experience for which Murray's has become known at its flagship Greenwich Village store. Murray's proprietary Cave Aged cheeses are developed by a team of talented affineurs taking unmatured wheels from top creameries and crafting them into original creations not found anywhere else in the world. "Through our cave-aged program, we create exclusive cheeses in collaboration with
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.