Aisle A3-7, the condiments section of the Walmart Supercenter north of Baltimore, might as well be a theater of war. Shelves of rival ketchup, mustards, mayonnaises, and dressings stand at attention, ready to bombard taste buds. The fight isn’t only about flavor, of course, but also about branding. There’s the classic red coat and bold-black lettering of Heinz, the stout blue-and-white Hellmann’s jar, the proud yellow bottle of French’s. Cheaper, healthier, and perhaps tastier options are available, but these iconic products, conjuring familiar and delicious memories, most often prove victorious at checkout.
Minutes up the road, at McCormick & Co.’s headquarters in Hunt Valley, Md., Chief Executive Officer Lawrence Kurzius has been plotting to send reinforcements to Walmart’s shelves, which accounted for 12% of McCormick’s $5.6 billion revenue in 2020. The 132-year-old company is best known for the crimson-capped seasoning and herbs sold up the aisle, in A12, Walmart’s spice section. But Kurzius, looking for growth beyond spices, has been aggressively targeting the hypercompetitive condiments business. In recent years his company has bought up French’s mustard, Stubb’s barbecue sauce, and Frank’s RedHot, a Louisiana-style pepper sauce that’s been dousing Buffalo wings since the 1960s.
Denne historien er fra January 31, 2022-utgaven av Bloomberg Businessweek.
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Denne historien er fra January 31, 2022-utgaven av Bloomberg Businessweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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