Walmart re-ups investment in private label

BOSTON - Trace One, a provider of private brand product lifecycle management solutions and transparency software, on Wednesday announced that Walmart has renewed its agreement for Trace One PLM.

 

“Private Brand is a key driver of our growth, Trace One has provided a system and solution for our needs,” stated Jack Pestello, SVP Walmart private brands.

 

Earlier in the morning, Walmart CEO Doug McMillion shared with investors that private label will play a significant role in the company's future as a value-driven operator. 

 

“We are delighted and honored that Walmart has decided to extend its relationship with Trace One,” said Jerome Malavoy, CEO of Trace One. “It’s a testament to the scale of our platform and the benefits of our solution. We look forward to continued success with Walmart.”