Walmart launches store
Time:2024-05-22 01:32:02 Source:travelViews(143)
NEW YORK (AP) — Walmart said Tuesday it is launching its biggest store-label food brand in 20 years in terms of its breadth of items, as it seeks to appeal to younger customers who are not brand loyal and want chef-inspired foods that are more affordably priced.
The brand, called Bettergoods, is just hitting Walmart stores and online. By this fall, there will be 300 products, spanning frozen, dairy, snacks, beverages, pasta, soups, coffee, chocolate among others, the retailer said. The prices range from under $2 to under $15, with most products available for under $5.
The launch from the country’s largest retailer comes as inflation has driven shoppers to seek less-expensive alternatives, lifting the popularity of private-label brands. Private brands in food and beverage accounted for nearly 26% of the overall market share in the number of units in that category sold last year, up from 24.7% during the previous year, according to market research firm Circana. That compares with 74.5% for national brands last year, down from 75.3% in 2022.
Previous:Joe Rogan's 'brain
Next:Sophie Morgan suddenly quits ITV show Loose Women as she reveals plans for emigration
You may also like
- Padres second baseman Xander Bogaerts leaves game against Braves with shoulder injury
- Biden administration moves to make conservation an equal to industry on US lands
- Dramatic moment lorry on the M56 is engulfed by flames: HGV is destroyed by raging inferno
- Jets beat Canucks 4
- Queen Camilla reveals she's seen the first season of Bridgerton
- Dramatic moment lorry on the M56 is engulfed by flames: HGV is destroyed by raging inferno
- Closing prices for crude oil, gold and other commodities
- India election 2024: Hindu nationalism is mainstream thanks to 10 years of PM Modi
- Seven sneaky clauses in estate agent contracts that can cost you dear