All articles tagged with #private label
Amazon has launched Amazon Grocery, a new private-label brand offering over 1,000 grocery items mostly under $5, including fresh produce, meat, seafood, and pantry essentials, aiming to compete with other private brands and cater to price-conscious consumers.
Amazon has launched a new private-label grocery brand called Amazon Grocery, offering over 1,000 items mostly under $5 to attract budget-conscious shoppers, available online and at Amazon Fresh stores, as part of its broader strategy to expand its grocery footprint amid rising food prices.
Costco reported strong Q4 earnings with profits surpassing expectations, but shares declined due to revenue shortfalls and recent product recalls involving its private-label products, raising concerns over brand trust and product safety.
Aldi is launching its largest packaging overhaul, prominently displaying its name on nearly all private-label products to enhance recognition, amid ongoing legal issues with Mondelēz over packaging similarities. The rebrand aims to make Aldi's products more identifiable and includes updating packaging for existing brands and introducing a new Aldi name brand, with full implementation over the next few years.
Costco's CFO, Richard Galanti, has stated that the shift in consumer behavior towards less expensive cuts of meat and private label products is indicative of a recession or at least "concern" for a recession. Galanti also noted a decrease in big-ticket purchases, such as home furnishings and electronics, as the reason for the drop in average daily transactions. Despite this, Costco's sales of big-ticket items were still "better" than competitors. The U.S. Department of Agriculture has also warned of a low cattle inventory for 2023, which may cause beef prices to rise.