With half of millennials planning to increase their purchase of private label products in the coming year, catering to this generation could significantly boost store brand revenue now and in the future.
- Establishing, holding onto and growing your SKU strength depend on the development of packaging and decoration solutions that complete your overall store brand strategy.
- Store brands can play a great role in helping the underemployed weather their financial storm, offering quality and value products that help stretch scarce dollars.
- Management often faces a dilemma about what type of leader to select the internal retail rising star or the proven CPG executive from outside the company. Find out how both can work.
- By continuing to innovate within the context of the owned retail theater, store brands are positioned to move from a supporting role into the spotlight as lead brands.
- Innovation in product formulation, processing and packaging, will create new consumption occasions in the waning U.S. milk category.
- Consumer preferences are shifting from big brands to lifestyle brands, which means store brands need to connect emotionally with shoppers and retailers must build a strong point of difference for their brands.
- How private label suppliers can better collaborate and partner with retailers to mutually improve the business.
- Retailers are key influencers in the clean label movement, with 30 percent of total new products launched in the past five years possessing a clean label positioning.
- As a forum for expressing opinions, social media is especially valuable to retailers with store brands who are seeking consumer insights.
- Collaborative software platforms enable retailers to protect their brand assets and image from the devastating consequences of a crisis.
- 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.