Walmart Unveils New Private Label Offering Trend-Driven Foods, Aiming to Retain Shoppers Amid Inflation from br shop Watch Video
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⏲ Duration: 0:40 👁 View: 175K 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.