Business
Perrigo Reports Sales Increase in Q2 2022
Perrigo today announced financial results for the second quarter ended July 2, 2022. All comparisons are against the prior year's fiscal second quarter unless otherwise noted. President and CEO, Murray S. Kessler commented, "This was a truly remarkable quarter for the Perrigo team. During the quarter: we closed the HRA transaction, closed on $2.6 billion senior secured credit facilities, received FDA approval for and launched the Company's first led Rx-to-OTC switch of Nasonex 24HR, filed with the FDA for the first-ever Rx-to-OTC switch for a daily birth control pill, and worked around the clock at our infant formula facilities to
TreeHouse Foods Reports Second Quarter 2022 Results
TreeHouse Foods today reported net sales of $1.20 billion which increased 19.4% compared to the second quarter of 2021. Net loss from continuing operations of $(30.6) million compared to $(5.2) million for the second quarter of 2021. Adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") from continuing operations1 was $66.5 million in the second quarter of 2022 compared to $92.6 million in the second quarter of 2021. "I'm incredibly proud of our TreeHouse team as we delivered strong top-line results, reflecting the impact of our pricing and our ability to capture incremental volume in Snacking & Beverages," said
Amazon to Acquire iRobot
On Friday, Amazon and iRobot announced that they have entered into a definitive merger agreement under which Amazon will acquire robotic vacuum brand iRobot. The move by the online retailer adds the brand to the Amazon portfolio of private brands and continues to demonstrate Amazon's commitment to owning and managing brands.iRobot has a history of making innovative cleaning products for the home. iRobot has continued to innovate with every product generation, solving hard problems to help give customers valuable time back in their day."We know that saving time matters, and chores take precious time that can be better spent doing
Aldi, Target, Amazon Lead with Fastest-Growing Private Brands
As Retail Brands (Private Brands) continue to grow data company Numerator has released a new study that examines trends across channels, retailers, consumer groups and product types. Overall, while smaller format grocery retailers lead in private brand share, Walmart dominates in household penetration with four of the top five brands in their portfolio. And as inflation continues to rise, more consumers indicate a willingness to trade from manufacturer products to private brand. “The days of treating private label products as untrackable are over,” said Eric Belcher, CEO, Numerator. “With market share now approaching 50% in some major categories, CPG
Walmart Executive Marty Esarte to Lead Walgreens Private Brand
Walgreens announced on Friday that Marty Esarte will join the retailer at the end of August as group vice president of Owned Brands, leading the organization's Retail Brand (private brand) strategy. “We look forward to Marty joining our team to lead our owned brand business toward further growth and innovation, said Luke Rauch, chief merchandising officer at Walgreens. “As a trusted name in health and wellness, we’re focused on offering high-quality products for an everyday great value. Walgreens brand items will continue to be a priority for us across our business and we have a strong pipeline of innovative
Chris Skyers Leaves Wakefern to lead grocery channel for MPG
Former Wakefern Food Corp. executive Chris Skyers has been named as executive vice president, grocery, for Market Performance Group (MPG), packaged goods strategy and services company. Skyers will have wide-ranging responsibilities leading all aspects of the Grocery Channel, supporting high-level strategic planning and management of a high-performing, dynamic team to enhance service to customers further. His role will be critical to building and sustaining extraordinary customer relationships at all levels, especially senior levels, and he will provide leadership in the development of company sales and marketing solutions, long- and short-term market channel strategies, and ongoing customer solutions that deliver positive
Kroger’s Home Chef Opens New State-of-the-Art Production Center
Kroger owned brand Home Chef expanding its southeast footprint to a brand new space that will allow for more capacity and increased efficiencies. Home Chef leased a 181,000-square-foot facility at 2120 Skyview Drive in Douglasville. The new production operation will provide more space and opportunities to better serve the company's growing customer base. The new production center is Home Chef's first single-tenant facility and will be equipped with state-of-the-art features including upgraded food-safe material design, cleaning processes, facility flow, and more. This Douglasville location will be the first Home Chef facility to incorporate a full-service kitchen for cooking and batch
Nominate a 2022 Top Women in Store Brands Now
The 2022 Top Women in Store Brands nomination process is now open. Now in its 10th year, the awards program was established by Women Impacting Storebrand Excellence (WISE), a nonprofit professional development organization, and the private label trade magazine Store Brands. The deadline to enter is Friday, July 29. Nominations may be submitted by filling out the embedded form below. The awards celebrate contributions made by women from all areas of the North American Retail Brand industry. The competition will present a total of nine awards during the WISE Annual Meeting in November. The award categories provide entrants from
Top Women in Store Brands 2022 Nominations Open
The 2022 Top Women in Store Brands nomination process is now open. Now in its 10th year, the awards program was established by Women Impacting Storebrand Excellence (WISE), a nonprofit professional development organization, and the private label trade magazine Store Brands. The deadline to enter is Friday, July 29. Nominations may be submitted by filling out the embedded form below. The awards celebrate contributions made by women from all areas of the North American Retail Brand industry. The competition will present a total of nine awards during the WISE Annual Meeting in November. The award categories provide entrants from
Brits Urged To Cut £15 Billion Off Their Grocery Shop
New UK supermarket data has revealed for the first time the price gap between expensive branded groceries and Retail Brand (private brand) products. According to an analysis of Kantar data, British shoppers could be spending a premium of £15.1billion a year for branded items in Big 4 supermarkets (Tesco, Sainsbury’s, ASDA, Morrisons) instead of Aldi’s private brand products.4 That’s a whopping £45 a month, or £542 a year, that could be saved by switching to own-label brands at Aldi. New data has also revealed a big gap in the price of Big 4 private items compared to discounter private
