TLDR Tech / Marketing
How retailers can leverage their private label marketing advantage over national brands
Private label sales reached a record $283B last year, with retailers expanding well beyond budget options into premium tiers to capture a wider range of shoppers. Retailers hold a built-in marketing edge at the point of sale, where they can merchandise private labels alongside national brands, dedicate separate store sections, and use loyalty programs and targeted promotions to drive trials. They are also shortening innovation cycles by leveraging shopper data to quickly follow trends and launch new products.
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