BJ's Wholesale Club reports membership growth and sales gains in Q3
"Our third quarter results demonstrate the combination of great value and strong execution. Our value proposition continues to resonate in new and existing markets."
MMR
Meijer plans to deliver four million meals to neighbors in need for Thanksgiving
When a customer buys a Meijer brand food product during Thanksgiving week, Meijer will donate a food item to a Simply Give food pantry partner.
Target stock plummets after Q3 earnings miss
Target reported mixed third-quarter results, with profits falling short due to cautious consumer spending and elevated operational costs. The retailer’s stock plunged over 20% as it lowered its full-year forecast and faced continued challenges in discretionary categories.
Circana: Food and beverage industry had modest growth in 2024; and the outlook for 2025 is encouraging
“Consumers are driven by a demand for value, impacting both volume and price/mix growth.”
Food Lion Feeds Foundation distributes $1.4 Million in grants to combat hunger in 2024
“At Food Lion, we believe no one should have to choose between dinner and rent or gas and groceries.”
PLMA show celebrates 'The Store Brands Phenomenon'
“One in two U.S. grocery shoppers consider a store’s private brand when choosing where to shop. And nine in 10 are likely to continue to buy private brands even if grocery prices decline.”
FMI applauds Senate hearing on Credit Card Competition Act to address rising "swipe" fees
"Card networks and banks earn more from a grocery purchase than the store itself, forcing consumers to bear these fees through higher prices.”
CVS Health names Dr. Sreekanth Chaguturu president, Health Care Delivery
Dr. Chaguturu replaces Mike Pykosz, who has decided to leave the company.
Campbell Soup Co. rebrands as the Campbell’s Company to reflect its expanded portfolio
“This subtle yet important change allows us to retain the iconic name recognition, reputation, and equity we have built over 155 years while reflecting the full breadth of our portfolio.”
Merchants Payments Coalition pushes for "swipe" fee reform at Senate hearing
"Most consumers are unaware of these fees or their significant impact on the cost of goods, services, and the broader economy."
Dollar General launches holiday food discounts to help customers make affordable, healthy meals
"At Dollar General, we understand that access to nutritious food is critical. Our team works relentlessly to make healthier options both affordable and accessible for customers and communities."
PLMA names January 2025 its inaugural Store Brands Month
"We have an opportunity to further expand the presence and strength of the largest CPG brand in the store: private brands."
