Business
Tesco Acquires Paperchase Brand
British retailer Tesco has acquired the brand and intellectual property of Paperchase, after the struggling stationery retailer collapsed into administration. The retailer will add the brand to its portfolio of Retailer-owned Brands. However, the purchase does not include Tesco the 106 stores across the UK and Ireland. Jan Marchant, Managing Director of Home and Clothing at Tesco said: “Paperchase is a well-loved brand by so many, and we’re proud to bring it to Tesco stores across the UK. We have been building out plans to bring more brands and inspiration to the ranges we currently offer, and this will
UNFI adds 40+ Wild Harvest Organic Produce SKUs
Late last week United Natural Foods, Inc. (UNFI) announced the expansion of its Wild Harvest private brand organic produce line with more than 40 new offerings available nationwide. Since its 2022 launch, the Wild Harvest organic produce range has enjoyed significant growth as consumers have come to rely on the brand for their eating occasions. UNFI acquired Wild Harvest and the entire Supervalu Retail-owned Brand portfolio as a part of its acquisition of Supervalu in 2018. Wild Harvest was originally launched in 2008 by Supervalu. Wild Harvest’s expanded organic offerings consist of best-selling items such as bagged apples, russet
Rachel Johnson named new Global Managing Director at Equator Design
Global design agency, Equator, has appointed Rachel Johnson as the company’s new Global Managing Director (MD). She will have responsibility for all the company’s studios worldwide, including Chicago, Cincinnati, Manchester, Nottingham, Sydney as well as new locations due to join the network in 2023, along with a goal of delivering ambitious growth. Equator is part of SGK. Johnson takes on the role of MD at Equator with an 18-year track record under her belt. Having begun her career at SGK-owned production agency, Schawk in 2004, she has risen through the ranks to become commercial vice president of SGK in 2020,
Walmart Exec Sandra Farwell Joins IPLC
Sandra Farwell has joined the Retail-owned Brand (private label) consultancy IPLC. Based in Toronto, Canada she will open the office in the position of Partner Northern America. Sandra has over 30 years of experience in the international Retail-owned Brand (private label) industry, leading buying and private brand teams across food and non-food categories. Sandra started as a food buyer at Marks & Spencer and then moved over to Loblaw Companies in Canada, where she progressed to Senior Director of Merchandising. She developed many private label ranges across ambient, frozen, fresh and non-food. She became a Vice President of Private Label
CVS Health names Amy Bricker becomes Chief Product Officer – Consumer
CVS Health announced this week two executive appointments. Amy Bricker has been named Executive Vice President and Chief Product Officer – Consumer while David Joyner will rejoin the company as Executive Vice President and President of Pharmacy Services "David and Amy are accomplished leaders with proven track records of anticipating and meeting customer and client needs," said CVS Health President and CEO Karen S. Lynch. "David has deep experience in pharmacy benefit management that will help us deliver on our growth strategy for the business." Bricker will join the company in February, serving on the company's executive leadership team
Target Leads 10 Fastest Growing Private Brands Of 2022
Another year has come and gone, and in preparation for 2023, market research company Numerator looked back at the top brands of 2022, including Retail-owned Brands (private label.) Three of the ten fastest-growing Retail-owned Brands (private brands) of 2022 are Target brands. Target home organization brand, Brightroom, tops the list, while Mondo Llama and Favorite Day rank among the top ten. The following brands showed the greatest sales increase from 2021 while holding at least 5% household penetration. Brightroom (Target) Giant (Giant Food) Crav'n Flavor (Food City) Mondo Llama (Target) Favorite Day (Target) Nature's Touch (Kwik Trip) Clancy's (Aldi)
Velocity Institute Takes Broadway!
Monday night, Rethink Retail hosted their RETHINKRetailBash 2023 at the fabulous Edison Ballroom in the heart of New York City’s Broadway. The event was held during National Retail Federation’s (NRF) annual tradeshow “Retail’s Big Show”. The Velocity team attended to support President Christopher Durham’s second naming to Rethink Retail’s Top Retail Influencer list. The party brought together the best and brightest in the industry and celebrated both the Retail Influencers and the Global Retail Leader honorees.
Velocity President Christopher Durham named 2023 Top Retail Influencer
This week RETHINK Retail named the recipients of the 2023 Top Retail Influencers Award. Sponsored by Microsoft, the award recognizes academics, analysts, association leaders, industry experts, and media members who are at the forefront of retail industry thought leadership. This year’s honorees included Velocity Institute President Christopher Durham. “I am excited to be honored alongside my heroes and colleagues. This is the group leading the charge to dramatically accelerate both change,” said Christopher Durham, Velocity Institute President, “the future of retail and Retail-owned Brands (private brand) has never been so exciting and never been so primed for growth and reinvention.”
Albertsons Brand Differentiation Helps Drive Strong Results
This week Albertsons Companies, Inc. reported results for the third quarter of fiscal 2022, which ended December 3, 2022. Third Quarter of Fiscal 2022 Highlights Identical sales increased 7.9% Digital sales increased 33% Loyalty members increased 16% to 33 million Net income of $376 million, or $0.20 per share Adjusted net income of $505 million, or $0.87 per share Adjusted EBITDA of $1,158 million "Our team continues to deliver strong performance as we execute against our Customers for Life strategy and bring people together around the joys of food and inspire well-being," said Vivek Sankaran, CEO. "Our investments in
JCPenney’s Hope & Wonder brand Grows in 2023
This month, JCPenney celebrates one year of Hope & Wonder, its purpose-driven Retail-owned Brand (private label) of apparel, gifts, accessories and home products for everyone in the family to celebrate moments that matter. “Hope & Wonder celebrates diversity and showcases a range of apparel and accessories for the entire family,” said Michelle Wlazlo, JCPenney’s chief merchandising officer. “This brand continues to build on our ongoing commitment to inclusivity and appreciation for our diverse customers and associates.” In 2022, Hope & Wonder debuted with the launch of its Black History Month collection and donated $100,000 to Black Girls Smile, a
