Business
2021 Holidays Look Strong for Retail Brands
Connecticut-based Daymon recently conducted Daymon’s 2021 Consumer Holiday Study, research focused on top priorities for consumers as we near the 2021 holiday season. The survey provides an inside look into the minds of consumers, as well as emerging trends. This study was a national survey completed in October 2021, comprised of data from 1,000 respondents. Top-level findings of the study include: The Power of Purchasing Influencers As we approach this year’s holiday season, consumers plan to stick to gift-giving budgets despite rising prices, creating a tricky balancing act for retailers. While consumers are looking to get back to typical
Kroger’s Home Chef Tops $1 Billion
Kroger and Home Chef announced this week their meal solutions Retail Brand reached $1 billion in annual sales. Founded in 2013 by Pat Vihtelic, Home Chef merged with Kroger in 2018. Since then, Kroger and Home Chef have advanced the availability of mealtime solutions, offered new products. "Kroger's commitment to being Fresh for Everyone is underscored by our Home Chef products, which help us bring families together in the kitchen with meal options for any occasion," said Dan De La Rosa, Kroger's group vice president of fresh merchandising. "We continue to strategically expand Home Chef offerings across our family
BJ’s Wholesale Club Announces Rachael Vegas as EVP, Chief Merchandising Officer
BJ’s Wholesale Club today announced that Rachael Vegas will join the Company as Executive Vice President, Chief Merchandising Officer, effective October 25, 2021. Vegas will be responsible for the strategic leadership of the retailer’s merchandising and assortment planning and allocation functions and will report to Paul Cichocki, Executive Vice President, Chief Commercial Officer. “We remain committed to delivering unbeatable value with a best-in-class merchandising assortment that will exceed our members’ expectations," said Cichocki. “We’re thrilled to have Rachael join our team. Her diverse background and deep experience in retail and grocery will be influential as we continue to build
Albertsons Retail Brands Portfolio Tops 25% Penetration
Yesterday, Albertsons Companies, Inc. reported results for the second quarter of fiscal 2021, which ended September 11, 2021. “We are pleased with our second-quarter results as we continue to execute our transformation strategy. The favorable consumer backdrop together with our focus on in-store excellence, accelerating our digital and omnichannel capabilities, increasing productivity, and strengthening our talent and culture, are driving increased identical sales and improved performance,” said Vivek Sankaran, CEO. “Based on this strong performance, today we announced a 20% increase to our quarterly dividend, and have raised our fiscal year 2021 outlook.” Sales and other revenue was $16.5
U.S. House Committee ask Amazon’s Bezos to Prove He Didn’t Lie!
Five members of a congressional committee accused Jeff Bezos and Amazon executives of lying under oath, according to a Monday letter to Andy Jassy, who succeeded Bezos as CEO in July. The letter was signed by New York Democrat Jerrold Nadler, who chairs the Judiciary Committee, plus David Cicilline, D-R.I., who chairs the antitrust subcommittee, Ken Buck, R-Colo., Pramila Jayapal, D-Wash., and Matt Gaetz, R-Fla. A bipartisan group of House lawmakers is asking Amazon for "exculpatory" evidence in light of news reports about the company's special treatment of its own brands over other sellers' products. The move continues to illustrate how House lawmakers
SPINS and Cornerstone for Natural Partner to Enhance Smart Shelf Tags
U.S. Data, analytics, and technology provider SPINS, and accounting and consumer engagement software provider Cornerstone for Natural have partnered to enhance Cornerstone's ELI Code and Smart Shelf Tag solutions. Smart Shelf Tags are retail shelf tags equipped with patented ELI Codes, that when scanned by a smartphone, display rich and exciting digital content such as videos, PDFs, web content, images, and product content & attributes to engage and educate in-store shoppers. Smart Shelf Tags also support retailers by providing an effective and inexpensive way for suppliers to train their retailer's in-store associates to help make them more knowledgeable and
Top Women in Store Brands 2021: Winners Announced
Women Impacting Storebrand Excellence (WISE) and Store Brands magazine have named the winners of the 2021 Top Women in Store Brands (TWISB) recognition program. This year’s winners include nine women across different areas of the Retail Brand industry, as it has done since the program began eight years ago. The Top Women in Store Brands program was created to provide well-deserved recognition to female executives who have achieved exceptional success and bring a passion for store brands to their day-to-day activities. The categories cover six functional expertise areas, as well as three achievement areas not linked to a specific function.
Two Wins for SPAR UK at BBC Good Food Drinks Taste Awards 2021
SPAR UK has won two medals at the first BBC Good Food Drinks Taste Awards 2021. The Awards were launched to celebrate the brilliant Retail Brand and retailer-exclusive products available from retailers around the UK. Over 70 products were blind-tasted by its expert panel of judges, including the BBC Good Food editorial team and experts from across the spirits industry. Winning medals from SPAR UK are the SPAR Harmonist Rhubarb and Ginger Flavoured Gin which has been crowned Best Pink Gin, and the SPAR Premium French Grain Vodka crowned Best Vodka. “We are very excited for our SPAR Harmonist
Nicole Wegman Appointed First President Of Wegmans Brand
Rochester, N.Y.-based grocer Wegmans Food Markets has promoted Nicole Wegman to the president of the Wegmans brand, a newly created position. In the role, Wegman will oversee the private brand program. Wegmans iconic private brand has been key to “differentiating us from other food retailers” and helped make its stores “a destination for families and food enthusiasts.” Wegman previously senior vice president of the Wegmans brand, joined the retailer in 1989 and has served as senior VP since 2017. “Our mission is to help people live healthier better lives through exceptional food,” Chairman Danny Wegman said in a statement. “The innovation
Lidl US Wins Big At 2021 USA Wine & Beer Competitions
Lidl US, recently ranked a top 3 U.S. grocer by USA Today 10Best Readers’ Choice Awards, took home more than 60 medals from the 2021 USA Wine Ratings and USA Beer Ratings competitions. The company submitted 80 beer and wine products total to the competitions. Gold medal winners from USA Wine Ratings included Lidl’s French Saint-Emilion Grand Cru, Australian Shiraz and Conde Noble Sangria, among several others. Top winners from USA Beer Ratings included its Atomic Tart Raspberry Sour Ale and Bronzen Schild Belgian Tripel Ale. “With so many options out there for customers to purchase beer and wine, we’re proud to be a destination for a high quality,
