Big Hot Sauce Wants More Hot Sauce
Bloomberg Businessweek
|January 31, 2022
McCormick, the 132-year-old prince of pumpkin spice, paragon of tarragon, major-domo of marjoram, has taken over an entirely new category
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.
このストーリーは、Bloomberg Businessweek の January 31, 2022 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Bloomberg Businessweek からのその他のストーリー
Bloomberg Businessweek US
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
4 mins
March 13, 2023
Bloomberg Businessweek US
Running in Circles
A subscription running shoe program aims to fight footwear waste
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
10 mins
March 20 - 27, 2023
Bloomberg Businessweek US
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
11 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
12 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
4 mins
March 20 - 27, 2023
Bloomberg Businessweek US
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers
4 mins
March 20 - 27, 2023
Translate
Change font size

