entertainment

Walmart launches store

Font size+Author:Stellar Space news portalSource:business2024-05-01 08:16:53I want to comment(0)

NEW YORK (AP) — Walmart said Tuesday it is launching its biggest store-label food brand in 20 years

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.

Related articles
  • Commentary: Chinese consumer market full of opportunities for global brands

    Commentary: Chinese consumer market full of opportunities for global brands

    2024-05-01 07:30

  • Roadside drug testing still a priority for government

    Roadside drug testing still a priority for government

    2024-05-01 07:05

  • China, Vietnam hold 8th border defense friendship exchange

    China, Vietnam hold 8th border defense friendship exchange

    2024-05-01 05:35

  • Interview: Malaysia pursues holistic strategy to boost Chinese tourist arrivals

    Interview: Malaysia pursues holistic strategy to boost Chinese tourist arrivals

    2024-05-01 05:32

Netizen comments