Uncategorized
Walmart Private Brand Penetration Grew 160 Basis Points In Q4
Yesterday (February 21) Bentonville giant Walmart held its Q4 2023 Earnings Call. Doug McMillon, President, Chief Executive Officer & Director, Walmart, Inc. began the call on an optimistic note:“Good morning, everyone, and thanks for joining us. We're excited about our momentum. The team delivered a strong finish to the year, and as our results in the last two quarters show, we acted quickly and aggressively to address the inventory and cost challenges we faced last year. We built momentum in the third quarter and that continues. We're well-positioned to start this fiscal year.For fiscal 2023, we added $38 billion in
Happy Holidays from the Velocity Institute
The Velocity Institute team wishes you continued love, light, and prosperity in 2023. All the best to you and your team in this holiday season and look forward to continuing to help you build your business and grow the entire Retail-owned Brand (private brand) industry.
Sweet and Sustainable Wegmans Wild & Raw Honey
As part of Northeastern grocer Wegman's commitment to sustainability, the retailer practices regenerative agriculture, an approach that relies on the sum of the parts – soil, air, water, plants, animals, and humans – working in harmony to create a farm that’s environmentally, economically, and socially sustainable. At the Wegmans Organic Farm & Orchard, they follow a number of principles to achieve that harmony and balance. One of the most important is the integration of pollinators, who play a crucial role in the production of wholesome, flavorful fruits and vegetables. While butterflies, birds, and bats are all contributing pollinators, honeybees
GNC Elevates Rachel Jones to SVP Chief Product Innovation and Science Officer
Every GNC product is researched, reviewed and brought to market by the retailer's expert in-house team of Researchers, Scientists, Nutritionists, and Dietitians. The company is comprised of a committed group of experts – one dedicated to innovation, leadership, and passionate about being part of an institution of creators. And GNC is doubling down on its consumer-centric innovation with the promotion of Rachel Jones, MS, RDN. Jones, a nearly 20-year GNC veteran, has been named Senior Vice President, Chief Product Innovation and Science Officer, responsible for upholding the company's standard of innovation since 1935. Overseeing a cross-functional group of 40 associates
Lidl Serves $30 Private Brand Thanksgiving
Ahead of the holiday season, German discount grocer Lidl today announced pricing for its Thanksgiving basket. Lidl shoppers will be pleased that, once again, they will be able to assemble a traditional Thanksgiving meal at Lidl that feeds up to 10 people for less than $30. Lidl's Thanksgiving basket is modeled after items selected by the American Farm Bureau Federation (AFBF) for its annual Thanksgiving Dinner Cost Survey. In 2021, the Farm Bureau's survey of grocery stores nationally found the average cost of its basket to be more than $53. Recent data released by the USDA also shows that the
Gelson’s Uncorks Four New Premier Wines
Heading into the social celebrations of the holiday season, Southern California specialty grocer Gelson's is uncorking four new world-class wines in its exclusive collection of Gelson's Wines, produced through an ongoing collaboration with former Château Lafite Rothschild chief vintner Julien Fayard, named 2021 "Winemaker of the Year" by Wine Spectrum. On Thursday, November 10 at 6 p.m., Gelson's will host an Online Wine Pairing with the renowned, award-winning Provence-turned-Napa winemaker. Customers who wish to participate in the Zoom can purchase three of the new wines (Chardonnay, Merlot, Epicure Cabernet) and Gelson's Custom Cheese & Charcuterie Plate and RSVP at gelsons.com/Julien.
COOP: Head of Product Development
Manchester, Lancashire, United Kingdom JOB DESCRIPTION Head of Product Development £80,000 - £90,000 plus benefits (Work Level 4) Manchester city centre We’re now working in a hybrid way, with colleagues dividing their time between home/remote working and the office. You can find out more about our hybrid working policy at colleagues.coop.co.uk/hybrid-working-policy We’re looking for a passionate and dynamic head of product development to join our delicious food team and help us to set and drive our product development strategy across all own-brand food at Co-op. We’re always exploring new ways to keep up with the ever-changing needs of our
German Rapid Delivery Retailer Gorillas Launches Premium & Daily
In addition to the recently launched < start-up beer > and the coffee private brand "Hot Damn!", German rapid delivery retailer Gorillas customers can now look forward to even more new Retail Brands (private brand) Gorillas Premium and Gorillas Daily. Gorillas Daily offers high-quality products for everyday grocery needs at fair prices, such as bread spreads, cold cuts, cheeses, sweet and savory snacks as well as fruit juices. From now on, Gorillas customers will be able to order Italian specialties such as mortadella with truffle, prosciutto crudo, and various cheese specialties including buffalo mozzarella and burrata. A variety of
Amazon to Acquire iRobot
On Friday, Amazon and iRobot announced that they have entered into a definitive merger agreement under which Amazon will acquire robotic vacuum brand iRobot. The move by the online retailer adds the brand to the Amazon portfolio of private brands and continues to demonstrate Amazon's commitment to owning and managing brands.iRobot has a history of making innovative cleaning products for the home. iRobot has continued to innovate with every product generation, solving hard problems to help give customers valuable time back in their day."We know that saving time matters, and chores take precious time that can be better spent doing
Major Tesco move to cut multipack plastic will offer shoppers more choice
United Kingdom shoppers are to be given more freedom of choice when buying multipack drinks as part of a major move by Tesco to save 45 million pieces of plastic a year. The good news for customers is that even though the supermarket is scrapping multipacks of its Retail Brand (own label) drinks, individual cans will continue to be sold at the same price per unit as a part of a multi-buy promotion. And instead of having to buy multiples of the same product, shoppers will be able to mix and match purchases including lemonade, cola, ginger beer, soda and
