As consumers continue to look for ways to save money amid high inflation, many are still finding opportunities to trade down, especially in the dairy category, John Crawford, VP of client insights of dairy at Circana, shared during an International Dairy...
Across income groups, shoppers continue to focus on value although retailers have an opportunity to instill a competitive edge by enhancing private label strategy.
Discount stores need to keep a close eye on pricing strategies to remain competitive and balance affordability with product displays and differentiation, advises one industry insider.
Retailers investing in private label to cater to consumers trading down as inflation rises, simultaneously are looking to offset lower dollar sales with a broader selection of premium offerings that can boost basket rings – creating an opportunity for...
Raising prices while simultaneously shrinking products to offset higher inflation could cost brands more in the long term, suggests a new survey from YouGov that found consumers turned off by shrinkflation are turning to private label.
Albertson is rebranding its free-from Open Nature line, adding "a tasteful edge," as the company looks to provide its customers with value and better-for-you options across its entire Own private label brand, Brandon Brown, senior VP of Own...
General Mills is bracing for double digit inflation in the back half of the year, but rather than automatically raise prices again – although that remains an option – the CPG giant plans to work with suppliers to find mutually beneficial solutions.
American consumers have gravitated toward private-label brands during rising inflation, and big-name brands may have trouble winning them back after inflation eases, new research from Attest suggests.
As consumers feel the pinch of inflation, they’re turning more toward private label food products, reversing a pandemic-era trend for brand names – a move that could have M&A implications, according to a new research report from investment bank William...
With a 22% sales lift and a slimmed down net loss year-over-year in the fourth quarter, private-labeler TreeHouse Foods is reaping the benefits of recently raised prices, a still generous price gap compared to competitors and a reshaped portfolio that...
While consumer spending remained strong through the holidays despite rising prices, the new year may bring a new level of financial scrutiny as more Americans consider budget limitations and what is essential – altering when, how and where they shop and...
Sales of private label products have grown this year, although not as robustly as might have expected given the economic uncertainty. But almost all of the growth has been in the food and beverage aisles, according to a new IRI report.
Caught between providing value for its increasingly price sensitive shopper and generating healthy profit margins, Target is identifying new ways to optimize and simplify its business to drive positive long-term growth.
While not a panacea for all the challenges facing the grocery industry, one stakeholder argues a less is more approach in 2023 may help ease the ongoing burdens of inflation, supply chain woes, and labor shortages as well as rapidly shifting shopper preferences...
Shoppers at Sprouts Farmers Market may be putting fewer items in their cart per visit to manage their budgets as inflation drives up prices but what they are buying tends to be higher margin grab-and-go items illustrating the need for convenience as on-the-go...
Executives at private label specialist TreeHouse Foods are optimistic about the future after several rocky quarters as it celebrates the “strategic milestone” of divesting its meal prep business early last month that will allow it to focus on its more...
While the industry waits to see if the $24.6bn mega merger of Kroger and Albertsons will hold up against scrutiny from regulators, brands and suppliers are also standing by to see what the consolidation of the second-largest and fourth-largest US supermarket...
As inflationary pressures continue to strain household budgets, Kroger has launched a new private label line called Smart Way spanning multiple categories from canned vegetables to napkins to help shoppers more easily identify “opening price point items.”
As Americans continue to adjust to post-pandemic life and mounting economic uncertainty, consumer research from Mintel shows that many believe there is no going ‘back to normal’ and as such are changing the way they think about, budget and shop for, and...
Private label specialist TreeHouse Foods – which has been looking to reengineer its portfolio to focus on higher-growth, higher-margin snacks and beverages markets – has struck a deal to sell a significant portion of its meal preparation business to European...
While overall inflation in the US cooled slightly in July, giving hope to some economists that financial pressures may be peaking, food prices continue to climb at their fastest rate in more than 40 years – suggesting the economic recovery still has a...
As budgets tighten during periods of economic uncertainty or rising inflation, consumers often turn to private label products to save money, although this hasn’t always translated into long-term increases in market share. This time, however, predicts...
Tweaks to Sprouts Farmers Market’s marketing strategy to focus on competitive produce pricing and product differentiation along with other strategic decisions are paying off as foot traffic and sales begin to rebound after plummeting following the retailer’s...
As inflation pushes consumers to seek out more affordable products, retailers are seeing a surge in unit sales in certain private label categories, according to data and insights firm Catalina.
While some industry players are reining in spending to build-up reserves in case of a recession, General Mills is taking the opposite tack – choosing to double down on investments and explore acquisitions that could help it stay ahead of the competition...
As government stimulus abates, consumer savings rates are beginning to dip below pre-pandemic levels just as food prices are rising due to inflation – driving demand for less expensive private label products and helping to boost TreeHouse Foods’ net sales...
Despite skyrocketing inflation that reached a 40-plus year high of 8.5% for all goods year-over-year in March, and ongoing supply chain challenges that are driving up production costs and out-of-stocks, US consumers continue to spend what it takes to...
Direct-to-consumer online grocer Misfits Market has launched its own private label offering of 'Odds & Ends' pantry staples specifically designed to address certain supply chain inefficiencies around sourcing, food waste, and elevated pricing,...
After experiencing unprecedented double-digit growth in 2020 fueled by pandemic shopping behaviors, private label brands grew by a more modest 1% for the full-year 2021, but have gathered steam again in the Q1 2022 registering 6.5% sales growth compared...
While new product introductions decreased across the CPG landscape in 2020 during the height of the pandemic, new launches from national CPG brands decreased at a higher rate when compared to private label products, Catalina found.
Membership-only natural and organic online marketplace Thrive Market now generates a quarter of its sales from 700+ private label products spanning everything from super fine almond flour to grass-fed beef. FoodNavigator-USA caught up with Jenna Engleman,...
In its Q3 earnings call yesterday, TreeHouse Foods’ CEO observed that, “as certain federal stimulus programs expire, we are seeing signs of private label recovery.” So will store brands regain some share they lost during the pandemic, and how are retailers...
Target has expanded its private label offering with the launch of Good & Gather Plant Based, responding to soaring demand for plant-based products from customers, said the retailer.
Despite historically enjoying rapid gains during economically challenging periods, like the pandemic, private label growth fell behind branded products in all but a few niche food and beverage categories during the past year – a role reversal that hasn’t...
No longer seen as the budget option by consumers, private label brands are continuing to differentiate themselves from national brands in quality and innovation, according to private label market research firm Daymon.
More consumers suffering from the economic fallout of the pandemic will prioritize value when grocery shopping this year – forcing brands to rethink packaging and fueling private label innovation and sales that will reshape the competitive landscape,...
Strong sales and market share gains in Kroger’s third-quarter announced last week suggest its controversial three-year, four-prong ‘Restock Kroger’ initiative is paying off and could insulate the retailer against a potential growth slowdown once a coronavirus...
Launched in September 2019, Target’s newest private label line Good & Gather has generated more than $1bn in sales and will nearly double its line with 600 new items this fall.
Whole Foods Market has launched Home Ec 365, a digital home economics curriculum “built to help you adult like a boss” as it refreshes its 365 private label range.
While it is still too early to predict the long-term economic impact of measures designed to slow the spread of the coronavirus, the Kroger Co. is bracing for the “high risk” that a recession is on the horizon by investing now in innovation and key partnerships,...
Based on a national study of 40,000 consumers conducted by global consumer research firm Kantar, Product of the Year USA revealed consumers' favorite products across food and beverage categories.
ShopRite rolls out Bowl & Basket private label: CPG companies led on branding in the past, but ‘that paradigm is shifting’
New private label ranges featuring a more “modern, upscale aesthetic” will help to “redefine how customers see ShopRite,” claims the East Coast retailer, which is consolidating multiple private label lines under its new Bowl & Basket and Paperbird...
A majority (84%) of food and beverage industry professionals surveyed by Mazars USA Food & Beverage Group expect sales growth in 2020 driven by growing consumer interest in private label and free-from products, while many are interested in entering...
Consumers are increasing their spending on private label products and have become "much more willing to splurge on store brands than they would for name brands," according to Nielsen.
Lidl, a predominantly private label retailer, will open 25 new stores in Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia by next spring. By the end of 2020, Lidl said it expects to operate more than 100 stores.
