Supermarket chains are reducing the price gap with hard discounters by lowering prices and adjusting their private label strategy. This increases the gap between private label and A-brands.
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Carrefour is entering into a cooperation with the Scandinavian purchasing group Coop Nordics. Carrefour's private labels will get distributed in the 4,500 supermarkets of Coop.
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In most European countries, food retailer brands maintained their volume share during the pandemic. "A sign of confidence," according to private label manufacturers. However, selling prices were under pressure.
In almost all European countries the supermarket chains' private labels again increased their market share last year. Switzerland, Spain and the United Kingdom remain at the forefront.
Amazon appears to use data of the third-party vendors on its platform to develop its own competing products, although the company denies this claim. Meanwhile, Jeff Bezos has decided to take management back into his own hands during this corona crisis.
Aldi Nord and Aldi Süd are working on the previously announced standardisation of their private brands. By the end of this year, most of the assortment will be modified.
Animal products webshop Zooplus has reached the 1.5 billion euro turnover milestone in 2019. The company grew by 14 % last year, thanks to high-performing private labels.
The two branches of Aldi, Nord and Süd, are going to unify their private labels. By 2020, customers of both chains will only be able to buy the same brands, spelling the end of brands like Topstar and Milsani.
Large mainstream retailers can’t find an adequate answer to the power of hard discounters, multinationals see the value of their brands decrease: private label is causing a true revolution, says expert Koen de Jong of IPLC.
German fashion web shop Zalando will be integrating its private labels into the rest of the platform. The idea is for these labels to compete less with external brands. For that reason, the separate private label division will be terminated, which may result in jobs being cut.
Amazon has made a strategic U-turn away from manufacturing its own exclusive products and having them made by third parties instead. The e-commerce giant has already closed over 220 exclusive deals.
Amazon's neverending good news show is over: during the holidays the company expects its lowest turnover growth in years. On top of that, its home fashion brands are quite the disappointment. On the other hand, the retailer seems to be evolving to slower but more profitable growth.
French chain Carrefour has removed almost all A-brands products from the shelves in four stores, in order to test the consumers’ willingness to buy only private labels.
European food retailers are refining their product range of private labels and are fully focused on added value. The goal is to improve their margins, to differentiate from the competition and to increase customer loyalty.
After it introduced Amazon Prime to an increased number of European markets, Amazon is now bringing in its own FMCG private labels. Over the past few weeks, the online department store launched several private label products in Europe and it has plans for even more.
Carrefour Market is going to display customer ratings for some two hundred items in its physical stores, featuring a short text from the customer and a star-based rating. The chain will implement this feature in its home territory, France, first.