The following is the next in a series of guest posts from the latest issue of Global Retail Brands and this is my contribution to the magazine. Throughout the week we will feature one article a day from the new publication – please take a few minutes and click-through to the site – read the entire article and see what the rest of the world is up to.
How does this play out in the landscape of retail brands? And what does the retail brand marketer need to think about in addition to classical CPG processes? For manufacturers supporting retail brand teams it’s important to have this thinking in mind.
Private label, ‘branding’ used to be easy. Place the retailer’s store brand on the product, place it on the shelf and promote it with a low price sticker.
Good, better, best followed, successfully elevating the quality perception of retail bra
nded products. We now have venture brands, niche products, premium offerings and innovation leadership.
Every year, shows such as Anuga confirm the potential or private label to shift category purchase patterns. As retailers we can move quicker, innovate better and deliver to consumers more effectively.
This strategy is essential in creating value for the retailer: Venture brands margins are higher than generics and enhance the brand equity of the retailer.