Business
American Italian Pasta Company to Celebrate its 35 Years in 2023
Built on the foundation that it’s the people that make the difference, American Italian Pasta Company (AIPC), a company of Winland Foods, Inc., will celebrate its 35-year anniversary in 2023. As North America’s largest producer of dry pasta, AIPC sets the stage with new leadership to continue the tradition of pride in making pasta in Kansas City’s northland community by providing “more than a job” to the local workforce through its apprenticeship and skill-building programs. “We’re here to preserve a legacy inspired by our employees – some of whom have been with our local AIPC plant for more than 30
Thanks for the Great 2022
2022 was a huge year for Velocity Institute – not only for our team but for our members and the entire Retail-owned Brand industry. Thank you for making our favorite moments from this year possible, and for being a part of our fast-growing modern association. Before we jump into 2023, let’s look back at the most memorable moments of last year and see what we achieved together. The industry embraced our brand of change more than ever In our first year the Velocity Institute gained more than 1,000 members More than 75 enthusiastically engaged sponsors This year’s Vertex Awards
Lassonde Pappas Expands Juice Plant
Lassonde Industries Inc., a manufacturer of fruit juices and drinks has confirmed the expansion of its Mountain Home Industrial Park location, according to a news release. The $55 million project includes the construction of a new facility as well as the addition of a new production line. ‘’We are grateful to Henderson County for their support and look forward to continuing our commitment to the community for many years to come,” said Nathalie Lassonde, CEO of Lassonde Industries. The company currently employs 135 individuals and expects to add 30 new permanent employees with average wages exceeding the county’s average
Inside the Velocity Institute State of The Industry 2022 Presentations
More than 270 registrants joined us from 17 countries around the world to discuss the current state of the Retail-owned Brand (private brand) industry. The presentation decks are below State of the Industry - Inside the New Industry Research Christopher Durham, President - VELOCITY INSTITUTE Durham, President of the Velocity Institute, will present a look at the latest exclusive industry research from the Institute. The research surveyed retailers, manufacturers, and solution partners across all categories and channels. Insights PDF Private Brands – Look Who’s Buying Nowa Maryellen
Kroger opens 1,000th Murray’s Cheese Shop-in-Shop
Kroger announced last week the opening of the 1,000th Murray's Cheese shop in Kroger banner stores, bringing Murray's shops to more than 30 states across America. In 2017 Kroger acquired Murrays and brought it into the retailer's portfolio. Murray's Shop-in-Shops debuted in Kroger stores in 2008 each designed to create the customer experience that Murray's has become known for at their flagship Greenwich Village store. Each Murray's shop offers a highly curated cheese selection along with a guided shopping experience from an expert cheese monger. As an iconic New York City destination, Murray's brings its authentic roots and decades of
Kroger Brands’ Sales Increase 10.4% in Q3
As Americans continue to cut back on spending the country's largest traditional grocer Kroger Co. has responded by growing its Retail-owned Brands (private brands). In the third quarter of 2022, the retailer’s brands delivered identical sales growth that outpaced overall identical sales. Total company sales were $34.2 billion in the third quarter, compared to $31.9 billion for the same period last year. Excluding fuel, sales increased by 6.4% compared to the same period last year. During a December 1st conference call with analysts to discuss third-quarter financial performance, Kroger Chairman and CEO Rodney McMullen said third-quarter sales growth was led
Croatia’s Studenac Reinvigorates Retail-owned Brand
Croatia’s largest retailer grocer Studenac Market has announced plans to expand its Retail-owned brand range , including value and healthier alternatives. The retailer has launched around 300 SKUs over the past two years, including the Moje Jutro (dairy products), Frusecca (dry fruits and nuts) and Nuvolette (paper products) brands. The group is now expanding its offering, particularly in the fresh foods and impulse products segments. “We’re seeing customers choosing more consciously and carefully between brand-name and private-label products, and we strive to provide a range that offers the best ratio of quality and price for the consumer,” commented Studenac chief
Southeastern Grocers to Host Retail-owned Brand Supplier Forum
Southeastern Grocers Inc. (SEG), parent company and home of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is hosting a two-day virtual Own Brand Supplier Forum Wednesday, Jan. 25 – Thursday, Jan. 26. The event is designed to help the retailer collaborate with existing partners and cultivate relationships with new suppliers. The forum will begin with a virtual session for new and existing suppliers on Wednesday, Jan. 25. The event will feature a presentation from Chief Merchandising Officer Dewayne Rabon about SEG’s strategy and vision for own brands in 2023 and beyond. The session will also include a series
Sobeys, Rite Aid, Daymon & IRI to take the Stage at the Velocity State of the Industry Virtual Summit
REGISTER NOW! Join us for our final event of the year the FREE STATE OF THE INDUSTRY 2022 Virtual Summit December 8, 2022 • 10:00 - 12:00 EST. This 2.5-hour fast-paced FREE online event will dive deep into the current state of the Retail-owned Brand (private brand) industry. Presentations and panels will include insights from exclusive consumer and industry research as well as executive insights from retailers, manufacturers, and solution partners. YOUR INSIGHTS ARE NEEDED Christopher Durham president of the Velocity Insitute will present the results of the Institute's unprecedented research designed to listen to the
Dick’s Sporting Goods Invests in The Future Of Sport With The Launch Of DSG Ventures
DSG Ventures logo DICK'S Sporting Goods announced earlier this month the launch of DSG Ventures, a $50 million in-house fund that will invest in innovative companies that, like DICK'S, hold the core belief that sports make people better. DSG Ventures will initially focus on companies that directly serve athletes and their communities, or that help DICK'S better serve its own athletes. In many cases, the fund will seek to help these companies grow by providing them with support and resources that go far beyond capital and include what makes DICK'S unique: distribution reach, industry-leading expertise in retail,
