Store-Brand Supplier Feels the Pain as Shoppers Pull Back Even on Lower-Cost Groceries
First, shoppers squeezed by inflation began ditching name-brand snacks and drinks in favor of lower-price store brands. But now, with costs for coffee, eggs and other basic grocery items surging, consumers are cutting out many cheaper items as well. That has TreeHouse Foods, one of the country's largest manufacturers of private brands, feeling the pinch.
The maker of cookies, crackers, coffee and other goods for retailers such as Walmart, Whole Foods, Trader Joe's and Target, gained ground in recent...
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