Products From Unilever, P&G & Co. Lose Market Share to Lesser-Known Competitors

Consumers disappointed by high prices and heavily processed ready-made products are increasingly turning to smaller food brands, reports Reuters. Recently, Walmart has become a "magnet" for inflation-weary consumers due to its competitive prices, according to the US news agency Associated Press (AP). In an interview with the news agency, Walmart's CFO John David Rainey explained that shoppers remain resilient but cautious. Consumers prefer lesser-known food brands - profits of Unilever & Co. under pressure At the same time, global consumer...