Business
Casey’s General Stores Reports Strong Private Brand Growth
Last week Midwestern convenience store chains Casey’s General Stores, Inc. announced financial results for the three and nine months ended January 31, 2021. Third Quarter Key Highlights Casey's private label surpassed 3% of grocery and other merchandise share at quarter's end. Diluted EPS of $1.04 compared to $0.91 for the same period a year ago, an increase of 14%. Fuel gross profit increased 37% with a fuel margin of 32.9 cents per gallon. Fuel same-store gallons sold decreased 12.1% compared to the same period last year. Inside same-store sales increased 2.1% compared to prior year with a margin of 39.6%.
Kohl’s Launches New Kids Home Shop
As we continue to spend more time at home, everyone is looking to make their spaces feel more modern and functional, and kids are no exception. Now, with the introduction of Kohl’s new Kids Home Shop, shoppers can plan for the ultimate kids room makeover by browsing the assortment of fresh and functional kids bedding, decor, furniture, storage and more from Kohl's private brand The Big One and a new Koolaburra by UGG Kids line, exclusively at Kohl’s. The Kids Home Shop offers a curated assortment of value-driven home products designed specifically for kids. Through a unique in-store and online
Kroger Private Brands Grow to $26.2 billion in sales
Late last week America's largest traditional grocer Kroger reported its Q4 2020 Results – in an Earnings Call led by Chairman and CEO Rodney McMullen. Private Brand once again took center stage as one of the retailer's 4 competitive moats, seamless, personalization, fresh, and “our brands”. CEO Rodney McMullen spoke optimistically about the results "Kroger continued to grow market share during the quarter. Our ability to meet our customers' evolving needs is a testament to our deep competitive moats, disciplined investments in our increasingly robust digital capabilities, as well as our associates' relentless focus on our customers. We finished fiscal
TreeHouse Foods Announces Agreement with JANA Partners
TreeHouse Foods announced this week an agreement with JANA Partners LLC, which owns approximately 7.4% of the outstanding shares of TreeHouse's common stock, pursuant to which TreeHouse will appoint to its Board of Directors, effective March 2, 2021, two new independent directors: John P. Gainor Jr. and Kenneth I. Tuchman. Gary D. Smith, Chairman of the Board "We are pleased that our productive engagement with JANA Partners has resulted in the appointment of John and Ken to the TreeHouse Board," said Gary D. Smith, Chairman of the Board. "Both have a broad range of expertise. We look forward to benefitting from their
Target Private Brands Lead Record Results
Today Target highlighted the strategic importance of private brand in its fourth-quarter and full-year 2020 results. The retailer reported an increase of $15.3 billion in annual sales, a 19.8% jump in full-year sales to $92.4 billion. In private brands, Christina Hennington, Target's chief growth officer, said the Target private brand portfolio represents a third of its sales. Cat & Jack, Good & Gather, Threshold, and Up & Up each account for $2 billion in sales with an additional ten brands that earn $1billion in sales. "Own brands is vital to the success of our business," she said, adding that they're
Kroger Private Brand Dairy Stars in “Modern Marvels”
[et_pb_section fb_built="1" _builder_version="3.22"][et_pb_row _builder_version="3.25" background_size="initial" background_position="top_left" background_repeat="repeat"][et_pb_column type="4_4" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text _builder_version="3.27.4" background_size="initial" background_position="top_left" background_repeat="repeat"]Last night Sunday, February 28 at 10 pm ET/PT the HISTORY Channel’s long-running television series “Modern Marvels “hosted by Adam Richman took a behind-the-scenes look at one of Kroger’s Private Brand Dairies. This season Modern Marvels heads straight for the taste buds in an all-compassing celebration and exploration of food. Celebrated food expert Adam Richman crisscrosses the country taking a deep dive into how food products are made, detailing both the process of the craft and the inspiration behind the ideas. With exclusive behind-the-scenes access to
Foxtrot Market closes $42M investment round
Convenience store disruptor Foxtrot Market announced today that it has received a $42 million Series B growth investment. The round was led by David Barber's Almanac Insights and Monogram Capital Partners. Backers also include food and hospitality industry heavy-hitters David Chang, founder of Momofuku; Nicolas Jammet, co-founder and chief concept officer of Sweetgreen; and Walter Robb, former CEO of Whole Foods. With this investment, Foxtrot expects to double its store count by the end of 2021. This growth will include adding as many as nine stores in Chicago and Dallas where they presently have a footprint, and expansion into new
Private Brands: Supporting the Needs of the SNAP & Value Shopper
[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"]In its latest report, Daymon presents “Private Brands – Consumer Series: Supporting the Needs of the SNAP & Value Shopper.” The report by Kathrine Murray, Manager Consumer Insights, and Sarah Diamond Associate Marketing Manager presents a look at the opportunities US retailers have if they capture their share of the U.S. consumers’ growing use of SNAP benefits Kathrine Murray, Manager Consumer Insights, and Sarah Diamond Associate Marketing Manager The COVID-19 Pandemic has created food insecurity for millions of Americans with consumers searching for food assistance and affordable solutions to maximize spending dollars.
CVS & Aldi Private Brands Recognized By Product Of The Year
New York — Product of the Year USA, a consumer-voted award for product innovation, recognized 41 items as part of its 2021 Product of the Year Awards, including Ferrara Candy Co.’s Keebler Chips Deluxe Original in the cookie category, Aldi’s Simply Nature Bean Chips in the chip sector and also from Aldi Clancy’s White Cheddar Cheese Popcorn in the healthy snack sector. The products were chosen by 40,000 American shoppers in a national survey conducted by consumer research company Kantar Group, Ltd. According to their website: “For all the obvious reasons, shoppers are spending less time in the supermarket than ever, but still
Target Announces Updates to Leadership Team
Target today announced a number of changes across its executive leadership team, further positioning the company for growth. “At the core of Target’s success is the most talented team in retail,” said Brian Cornell, chairman and CEO, Target. “The depth of expertise across Target’s leadership team, in particular, has been a critical driver in Target’s winning strategy and the excellence of our operations. The changes we’re announcing create new opportunities for key leaders to bring their knowledge and experiences to different areas of the business. I’m confident these moves will drive Target’s position as a best-in-class retailer today and well into
