- CPGs are not the only ones affected by extended producer responsibility (EPR) programs -- retailers who sell private label products are also responsible for reporting and paying fees.
- Retailers are redesigning the aisle, appealing to environmentally friendly consumers and capitalizing on market trends to make their private label brands more competitive.
- By creating private label as a marketing tool rather than just a price alternative, retailers gain the opportunity to tell a complete brand story while simultaneously boosting customer loyalty.
- Although the economic downturn accelerated private label growth in Europe, there was another key driver -- retailers started to brand their stores.
- The formula for success is for retailers to take a holistic store brands management approach by collaborating with customers to maximize store brands potential.
- Store brands retailers and brand marketers have the unique opportunity to examine lessons learned from consumer packaged goods company organization structures and practices.
- Mutual trust and risk sharing between retailers and manufacturers is the only way to drive true store brands innovation and continued growth.
- Not only do brand management technologies empower in-house teams and vendors, they enable real-time online collaboration so new products can be brought from strategy to the shelf more quickly, accurately and efficiently.
- The latest IRI research, "Baby Boomers II: Preparing for the Upcoming Wave of Aging Shopper Growth," reveals that store brand spending increases with age. The study examines baby boomer lifestyle changes and identifies top-indexing food and non-food categories, recession-driven shopping patterns and key opportunities for private label and health and wellness products. "Many retailer strategies today assume that boomers are a homogeneous group, and, as a result, their strategies are too general to be effective," said Thom Blischok, president of IRI Consulting & Innovation.
- In its new report, "A Look into The Future of Eating," The NPD Group forecasts that better-for-you foods -- such as organic and light or low-calorie foods and beverages -- will be among the fastest growing food trends over the next decade.
- Private-label foods and beverages, once the poor relation in the family of grocery goods, have evolved to meet the higher expectations of a more diverse, experiential and quality-conscious American consumer.
- This special update to the Private Label Trends Worldwide report addresses the acceleration of private labels as the retailers respond to the current economic downturn.