Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth
Publishing timestamp: 2024-04-30 11:56:05
Summary
Walmart is launching a new grocery brand called Bettergoods to attract shoppers seeking new flavors and lower prices. The company aims to appeal to younger and more affluent customers with trend-driven and healthier food options. The move comes as more retailers are expanding their private label offerings to compete with low-priced grocery chains and meet changing consumer preferences.
Sentiment: POSITIVE
Keywords: walmart inc, business, business news, breaking news: business, food and drink, retail industry, kroger co, target corp,
Source: https://www.cnbc.com/2024/04/30/walmart-launches-new-grocery-brand-bettergoods.html