date:Mar 24, 2014
, we need to remember this is a long-term play. Private brands, for all the reasons we've talked about, we believe will absolutely be a long-term growth vector in the industry, and long term we are advantaged, scale, breadth, capabilities, none of these advantages have thus far come into play. Not yet.
In the companys third quarter, sales of private brands jumped 149%, but profit fell below plan on sales force and supply chain transition issues. Additionally, competition in the marketplace prom