As consumers continue to cut back on spending and eat more meals at home, Kroger Co. has responded by expanding its offering of private brand products. In the third quarter ended Nov. 5, the company’s own brands delivered identical sales growth that outpaced overall identical sales.
Target Corp.’s food and beverage unit continues to serve as an engine for growth, recording 20 straight quarters of market share gains, said Brian Cornell, chief executive officer for the company.
Retail fresh produce is at a crucial juncture in its history, said Bruce Peterson, president of Bentonville, Ark.-based Peterson Insights Inc. How it responds to this moment will play a huge role in determining whether it continues to enjoy its coveted status.