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Store Brands

All articles tagged with #store brands

business2 years ago

General Mills faces sales decline as demand for expensive brands wanes

General Mills, the maker of popular cereals like Cheerios and Lucky Charms, is experiencing a drop in sales as consumers seek cheaper alternatives and become more price-conscious. The pandemic initially boosted cereal sales as people ate breakfast at home, but as restrictions eased, demand for brand-name cereals diminished. General Mills also raised prices to offset supply chain issues and inflation. Sales of cheaper store brands have surged, while General Mills forecasts that sales may not return to normal until next summer. Consumers are also becoming more aware of "shrinkflation," where brands decrease product size while maintaining the same price.

health2 years ago

FDA Issues Warning on Eye Drops Sold by Major Brands, Citing Infection Risk

The US Food and Drug Administration (FDA) has issued a warning about 26 over-the-counter eye drop products, including those sold under store brands such as CVS, Target, and Rite Aid, due to potential contamination that could lead to serious eye infections and vision loss. The FDA found unsanitary conditions in the manufacturing facility and positive bacterial test results, recommending a recall of the products. While no injuries have been reported, individuals experiencing signs of an eye infection after using these products should seek medical care immediately. Target, Rite Aid, and CVS are removing the products from shelves, and consumers are advised to discard them. Earlier this year, the FDA warned against using other eye drop products contaminated with drug-resistant bacteria, which resulted in severe consequences for some patients.

business2 years ago

Grocery Store Implements Product Removal Strategy to Combat Theft

A Giant Food market in Washington, D.C. is taking drastic measures to combat theft by removing popular national brands like Tide, Colgate, and Advil from its shelves and replacing them with store brands. Shoppers will also be required to present their receipts before exiting the store. The move comes as retailers across the country grapple with increasing incidents of organized retail crime, leading to significant losses. Giant Food hopes that these measures will help deter theft and prevent the closure of its unprofitable store, which is the only major grocer in the area. However, concerns have been raised about the impact on the community's access to quality food, and efforts are being made to find solutions that balance security and community needs.