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Items Tagged with "Private Label Pricing"

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Price Study: PL Saves Shoppers Upwards of 33 Percent

A new study of comparative prices on a wide range of everyday supermarket purchases revealed that on average shoppers can save 33.3 percent off their weekly grocery bill.The research, conducted by the Private Label Manufacturers Association, tracked pricing for 40 essential household items and pantr Read More...

Walmart Renews Every-Day-Low-Price Promise

Walmart is taking aggressive steps to reestablish its low-price dominance and one-stop shopping convenience, which it has recently ceded to competitors such as Target.The world’s largest retailer is renewing its price leadership promise, bringing back products it previously cut from its invent Read More...

Private Label and Cost Reductions Return Safeway to Profit

A heavy focus on private label and price cuts helped Safeway return to profit in the fourth quarter, beating Wall Street estimates.The 1,694-store operator reported net income of $229.6 million for the quarter ended Jan. 1, compared to a year-earlier loss of $1.61 billion in the same period, which t Read More...

Store Brands Imitate Pack Size Reductions

Instead of increasing prices on same-size products, several retailers are following the lead of consumer packaged goods companies by reducing pack sizes in order to keeping prices flat.Grocers such as Kroger, Safeway Tom Thumb and Albertsons told the Fort Worth Star-Telegram they are reducing the si Read More...

PLMA: Switching to Store Brands Saves Shoppers 33 Percent

A new study of supermarket prices reveals shoppers can save an average of 33 percent on their grocery bills by buying private label products instead of national brands.Conducted by the Private Label Manufacturers Association (PLMA), the research tracked prices of 40 typical grocery items at a conven Read More...

Private Labels in India Are Not Necessarily Less Expensive

Unlike the rest of the private label world, retailers in India are aggressively pricing their private label products on par with national brands, especially in the food category.“The whole idea is to create independent brands which are not store labels. Pricing of a private brand is decided by Read More...

Carrefour Gets Aggressive With Private Label Price Comparison Ads

In an aggressive advertising and marketing campaign, Carrefour of France is boldly comparing prices of 25 of its private label products to like items of competitors such as Lidl and Casino’s Leader Price.Carrefour conducted price audits and revealed in its ads that a market basket of 25 items Read More...

Walmart Seeks to Cut Costs Through Joint Manufacturer Purchasing Agreements

If Walmart has its way, it will successfully woo private label and national consumer packaged goods manufacturers to jointly purchase raw ingredients -- such as sugar, rice, corn and wheat -- to cut costs and boost profits, for both parties.Hernan Muntaner, Walmart’s vice-president for interna Read More...

Auchan and Metro Form Private Label Alliance

French retailer Auchan and Metro Cash and Carry have formed a purchasing collaboration to expand their respective private label businesses, according to European reports.Under the agreement, Auchan is giving Metro Cash and Carry -- the wholesale arm of Germany's Metro Group -- access to its private Read More...

Research: Household Products Brands Under Attack as Consumers Still Fixate on Price

Household-products companies, especially those from small and medium-sized manufacturers, may face an inhospitable future as about 70 percent of consumers say they now shop for home cleaning products, kitchenware and paper products based on price alone.And the future doesn’t look much brighter Read More...

Nielsen Predicts Continued Store Brands Share Gains

U.S. store brands closed 2009 with strong scores – unit share increased 1.9 points, dollar share was up 2.1 points and in 48 of 117 categories tracked by The Nielsen Co. store brands captured a 20 unit share or better. With one share point representing a lucrative $5.1 billion in sales, store Read More...

P&G and Other CPGs Cut Prices to Combat Store Brands

Robert McDonald Procter & Gamble Co. is leading a price-cutting market share charge to win back customers who migrated to lower cost rivals and store brands during the recession. Simultaneously, the company is accelerating new product introductions and boosting advertising sp Read More...

Costco's Retail Dominance Powered by Strong Store Brands

As the nation’s third largest retailer generating annual U.S. sales of $58 billion from only 414 warehouse stores, Costco’s Kirkland Signature store brand accounts for $11.6 billion, or 20 percent, of those sales, a figure that has grown steadily since the brand launched in 1995. While Read More...

Food Deflation Could Hurt Store Bands More Than CPGs

While consumers have willingly migrated to store brands during the recession and will likely remain store brand fans post-recession, some industry pundits say deflation could hurt retailer store brands more than consumer packaged goods companies. For example, CPG companies have been able to leverag Read More...

Nielsen: Store Brands Price Gap Leaves Dollars on the Table

A Nielsen review of U.S. department-level price gaps between store brands and manufacturer brands shows that retailers may be hurting themselves in the long run - and missing out on collaboration opportunities with manufacturers to drive stronger category sales, according to Todd Hale, senior vice p Read More...

Global Price Roll Backs: H-E-B and Asda Follow Other Retailers With Price Cuts

Texas-based H.E. Butt is the latest in a string of U.S. grocers to cut prices on store brands and national brands, and across the Atlantic in the U.K. Wal-Mart's Asda subsidiary follows suit. This week H-E-B lowered prices on more than 5,000 items, a decision that the company said was made last yea Read More...

Weis Markets Cuts Prices and Vows to Freeze Them for 90 Days

Sunbury, Pa.-based Weis Markets Inc. lowered prices on 2,600 staple items, effective December 31, 2009 and said it will freeze those prices for 90 days. Meanwhile the chain also froze prices on an additional 624 products. "It is clear our customers remain in a cautious mood due to the weak economy. Read More...

Holiday Price Wars Could Make Consumers Big Winners

Major retailers are poised for a no-holds-barred price war to win consumer loyalty and their shrinking disposable income earmarked for holiday shopping. Wal-Mart promises “hundreds of millions of dollars in price reductions” on everything from produce and groceries to toys and clothes. Read More...

Wal-Mart Edges Out Fry's in Tucson Store Brand Pricing Survey

The Arizona Daily Star surveyed store-brand offerings at major grocery retailers in Tucson last week, and Wal-Mart's Great Value was the cheapest for the selected items studied, even when taking loyalty cars into consideration. K-VA-T's Food City took second place, when loyalty cards were removed fo Read More...

Deflationary Pressures Cut Grocery Company Sales and Earnings

In the latest string of declining grocery company earnings reports, Safeway and Supervalu blamed lower performance on heavy promotions and price reductions it took to attract today's cost-conscious shoppers, according to an Associated Press report. Safeway earned $128.8 million for the quarter, dow Read More...

National Brands Prepare for War With Store Brands

National brands "have been put on notice" and are acknowledging the impact of store brands on their business as their sales volumes decline, while share of store brands are increasing, retired PepsiCo executive Carla Cooper told attendees at a recent conference. "National brand sales are up, but [u Read More...

Store Brands Drive Differentiation and Profit

Gone are the days when one store satisfied all family and household needs. Today, shoppers are less loyal to the stores they shop in and many shop in several different formats to satisfy their varied and fickle needs.     Grocery retailers understand this trend full well.  Read More...