Business
91% of Industry to Make Significant Investments in Private Brand
Today, FMI, the food industry association, released the 2021 Power of Private Brands report, which finds 91% of food retailers and manufacturers surveyed plan to significantly or moderately increase their investment in private brands in the next two years. “During the pandemic, many more consumers gave private brands a try, and this has resulted in new acceptance among today’s shoppers,” said Doug Baker, vice president of industry relations for FMI. “At the same time, the rise of ecommerce and home cooking offer the food industry an opportunity to further grow their private brands programs.” Investments for the Future The
IRI Helps Massimo Zanetti Identify New Growth Opportunities
IRI and coffee roaster and private label manufacturer Massimo Zanetti Beverage USA have identified new growth opportunities by utilizing IRI’s COVID-19 resources and expertise as consumer behavior continues to rapidly evolve. Consumer behavior has been volatile since the onset of the COVID-19 pandemic in early 2020, which has required CPG companies to quickly and continuously adapt. MZB-USA, along with many other CPG companies of all sizes, has been able to stay connected to consumer trends using IRI’s online COVID-19 Data Dashboard, which allow users to track changes in relevant metrics such as consumer demand, inflation, product supply and others in
Foxtrot To Grow Private Brand and add 50 Stores
Innovative Chicago-based convenience store retailer Foxtrot Market announced this week its plans to grow. The retailer currently has 13 locations in Chicago, Dallas, and Washington D.C, and plan to add 50 locations over the next two years. The stores will be located in New York City, Austin, Boston, Miami, Los Angeles, and Houston. Mitch Madoff, Senior Vice President of Private Label and Supply Chain (left), and Tae Strain, Corporate Executive Chef (right) In addition, Foxtrot will dramatically grow its private brands and launch a new 5-minute pickup service. The news about private brand should come as no surprise
Ulta Beauty at Target Brings brings Ulta Private Brand to Shoppers
Today Target announced the details of its impending partnership with Beauty retailer Ulta — Ulta Beauty at Target The deal aunches this August in more than 100 Target stores and on Target.com, with plans to reach a total of 800 locations in the years to come. Target's latest partnership combines Ulta Beauty’s expertise with the convenience of shopping at Target. The new “shop-in-shop” concept will feature more than 50 prestige brands beginning with Ulta's own private brand Ulta Beauty Collection. Other brands include Anastasia Beverly Hills, Ariana Grande, bareMinerals, Bumble and bumble, Clinique, Drybar, IT Cosmetics, Jack Black, Juvia’s Place,
M&S Extends Goodmove to all UK Stores
Pictured – Athlete Revee Walcott-Nolan (Forte Agency) modelling Goodmove M&S is launching the latest product range for its popular activewear private brand – Goodmove, supported by a new customer campaign. First launched at the beginning of 2020 and expanded into mens & kids at the beginning of 2021, the brand continues to go from strength to strength as activewear has cemented itself as part of customers’ everyday wardrobe during the pandemic. In 20/21 M&S sold 1.6m Goodmove items, with around 5,000 of the bestseller – the Go Move gym legging at £25 - now flying off the shelves every month (60,000 a
FMI Announces 2021 Private Brands Summit
Private brands gained momentum during the pandemic but not without encountering challenges. With consumers turning to this sector more than ever, retailers and suppliers alike must pursue a range of strategies to ensure their private brands business continue to thrive. This week FMI announced that the will welcome the private brand community in person for the FMI 2021 Private Brands Summit, September 30-October 1, 2021 at the Westin Arlington Gateway in Arlington, VA. The Summit will also include trading partner meetings to foster innovative, key business discussions and priorities. The event will feature two days of education and collaboration. Topics
Chinese Online Retailer JD.com Launches new Private Brands
Online retailer JD.com is introducing a multi-category portfolio of private brands that include homeware under the brands “Made by JD” and “Best Home”, and a pet care brand called “Jingmeng” (“Cute Pet”) to capture China’s burgeoning pet care market. In 2020 the retailer announced a partnership with Li & Fung Limited to provide end-to-end digital supply chain management services for JD.com’s private brand initiatives. Mr Wang Xiaosong, SVP of JD.com and Head of JD.com’s private brands division Building on JD.com’s investment and strategic digital supply chain partnership with Li & Fung, focusing on private brands, the joint venture’s
Post Appoints Howard Friedman EVP and COO
Post Holdings, Inc. has announced that Howard A. Friedman, currently President and CEO of Post Consumer Brands, has been appointed Executive Vice President and Chief Operations Officer for the manufacturer. Mr. Friedman will serve on Post’s executive management team, reporting to Post’s President and Chief Executive Officer, Robert V. Vitale. In this newly created position, Mr. Friedman will work with each of Post’s businesses to drive better collaboration, cost reduction and revenue opportunities across the portfolio, manage long-tail projects, and support each business with respect to process improvement, M&A targeting and synergy evaluation and delivery. Post participates in the private
Dollar General Commitments to Addressing Food Insecurity
Late last week Dollar General announced an operational partnership with Feeding America, as well as a $1 million donation to the organization, to provide access to food resources in rural and otherwise underserved communities and to proactively address food insecurity across the country. The retailer also plans to offer produce in up to 10,000 communities over the next several years, with a meaningful number of those stores in current United States Department of Agriculture (USDA) defined food deserts. Todd Vasos, Dollar General’s CEO “Food insecurity impacts communities across the country, and given that Feeding America projects that 42
Behind the Scenes: Publix Limited-Time Ice Cream
This guest post which originally appeared on the official Publix blog, the Publix checkout was written by Publix associate by Caroline A. Caroline started with Publix as a cashier in 2015 and has developed a passion for writing and social media. She loves being a part of Publix’s culture and enjoys bringing new ideas to The Publix Checkout by writing about topics customers might not know about the company. Pub Subs and Publix Sweet Tea are her favorites, and you’ll always find her with an iced coffee in hand. Outside of work, Caroline enjoys traveling, watching college football and playing with
