_walmart-unveils-new-private-label-offering-trend-driven-foods-aiming-to-retain-shoppers-amid-inflation.jpg "Walmart Unveils New Private Label Offering Trend-Driven Foods, Aiming to Retain Shoppers Amid Inflation from snack Video Screenshot Preview")
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⏲ Duration: 0:40
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✓ Published: 01-May-2024
👁 View: 250K times
✓ Published: 01-May-2024
Description:
Walmart is launching a new grocery private label brand called BetterGoods focused on trend-driven, chef-inspired foods priced mostly under $5. Walmart's grocery sales rose nearly 7% last fiscal year, making it the largest U.S. grocer by revenue. BetterGoods will feature items in categories like frozen foods, dairy, and snacks across culinary, plant-based, and certain-ingredient lines. It joins Walmart's existing Great Value brand, the largest grocery private label brand by revenue. The launch aims to retain inflation-driven grocery shoppers and fend off competitors emphasizing private labels like Aldi, Lidl and Trader Joe's.
Walmart is launching a new grocery private label brand called BetterGoods focused on trend-driven, chef-inspired foods priced mostly under $5. Walmart's grocery sales rose nearly 7% last fiscal year, making it the largest U.S. grocer by revenue. BetterGoods will feature items in categories like frozen foods, dairy, and snacks across culinary, plant-based, and certain-ingredient lines. It joins Walmart's existing Great Value brand, the largest grocery private label brand by revenue. The launch aims to retain inflation-driven grocery shoppers and fend off competitors emphasizing private labels like Aldi, Lidl and Trader Joe's.
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