Chasing cheap... Differentiation is a key driver in discount retail as companies in the segment develop new products to boost their own-brand assortments: https://ow.ly/343B50Sw7ox #foodretail #grocery #retailnews
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Playing an ever-growing role within the aisles of dollar stores are private label products. Leading retailers in the channel have grown their respective assortments in recent years by developing items that are something other than name-brand equivalents. This continued effort is not only providing high-value items to consumers but also offering points of differentiation for each retailer. #dollarstores #privatebrands
Dollar Stores Get Serious About Private Label Investments
progressivegrocer.com
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Surprise and delight, experience and treasure hunt. Calculated scarcity. How else is general merchandise supposed to make you go to a brick and mortar and not chose the comfort of your living room couch? This is not ALDI SÜD and Lidl in Germany only. Similar concepts of in-out limited editions are also Costco Wholesale and The TJX Companies, Inc. There is also one more huge benefit of this concept. No holding of millions of dollars heavy inventory that just drains the business. No planning and ordering commitments sometimes for more than a year. This all becomes obsolete and big burden to the business. Why all these heavy inventory department stores keep struggling? Demise of the mall is just convenient excuse however reasons are way more complex and require reset of entire decades old models of operation. Otherwise yes, we all know - online killing… However isn’t online just killer of stereotypes? #retaildemocratization
Middle-aisle mayhem: how Aldi and Lidl changed British shoppers
theguardian.com
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🌳 What name should Dollar Tree Stores rebrand under? My idea at the end... The Full Story: Dollar Tree Stores will now be selling items up to $7, up from the $5 it announced in June. This after raising its base price from $1.00 to $1.25 in 2022. I think they should change the name to something else that highlights the retailer's convenience and selection. I feel like the name "Dollar Tree" is no longer representative of its core value proposition, and even worse, triggers every customer as they walk into the store to be reminded of prices past. (ie: They think about what they're NOT getting as opposed to what they ARE getting.) I have no qualms with Dollar Tree raising its prices. How could they not? They could only shrink the product sizing so much and maintain that $1 price point. Eventually they had to raise prices. However why stick with the same brand at this point? I'd instead capitalize on their collective 17k stores (between Dollar Tree and Family Dollar) and create a new brand that represents what the stores have evolved into -- convenient local grocery & household item shopping without having to park 300 feet from an entrance and navigate a Walmart or mega grocery store. If Dollar Tree / Family Dollar can continue to offer convenience AND affordable prices, people will continue shopping there because of how easy it is to park and run into a store real quick to get what they need. In my opinion, there's no longer a need to focus on the "Dollar" aspect in either stores' name. What do you think -- should they rebrand? And if so, what should they call the new store? My idea is "Gotcha". Need milk on the way home? We Gotcha! Run out of toothpaste? We Gotcha! Munchies? Gotcha! Balloons for a birthday party? Gotcha! Frozen pizza! Gotcha!
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🛒 What key strategies are grocers implementing to ensure long-term growth in the face of evolving consumer preferences? Find out how they are evolving to meet the demands of the future in our article. #grocers #retailtrends #consumerbehavior https://lnkd.in/e3N_Vaqk
Grocers continue long-term growth plans
us.jll.com
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In a recent Store Brands Q&A, Jim Griffin of Daymon discussed the growing consumer acceptance of private label products and how retailers can use this to drive future growth. https://lnkd.in/gX3VFMJA #privatelable #storebrands #ownbrands #retail #grocery
New Growth Opportunities Abound In Private Label
storebrands.com
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Labor shortages and evolving consumer behaviors have contributed to significantly reduced in-store displays. According to @Circana data, grocers have lost an average of 10 displays since pre-pandemic times. However, products backed by both feature and display saw a remarkable 129% unit lift last year, surpassing the impact of either tactic alone. In a recent conversation with @Progressive Grocer, I highlighted the continued importance of displays for grocers, as they remain vital for effective communication, delivering value, and aligning with shoppers’ needs — all essential elements for driving profitability. https://lnkd.in/eVawV7B8
EXCLUSIVE: Why Are In-Store Displays Declining?
progressivegrocer.com
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Many in the Midwest are familiar with the concept of the "Kwik n' Low" a phrase coined by a leading convenience store chain Kwik Trip, proporting the fact that you can fill and fuel up, getting your gas and produce in the same space. Others in the C store space are taking note of this trend and enlarging their store format. "The next 10 years will serve as a continuation of this foundation and transformation of the kind of stores Murphy USA does business in and how it interacts with its customers," said Murphy USA President and CEO Andrew Clyde. Murphy USA's new build stores bring higher volumes, merchandise sales and margins, but also higher operating costs due to the larger footprint. Challenge: Creating Shopping Experiences https://lnkd.in/gxbZZ-Tc #Colateral - Plan, do, review, report and track #retailmerchandising #retailsuccess Alejandra Barron John Gardner
Murphy USA Previews Strategy for the Next 10 Years
csnews.com
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Several Buy Buy Baby, Harmon stores to reopen after buyers scored deals on the bankrupt brands. The new owners of Buy Buy Baby plan to reopen 11 stores as soon as this fall while Harmon is coming back, too, after Bed Bath & Beyond’s bankruptcy. Buy Buy Baby will need to differentiate itself and focus on a unique store experience to compete with retailers like Walmart and Target. The new owner of health and beauty chain Harmon has plans to reopen at least five stores. https://lnkd.in/eKbjJ3yq #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables
Several Buy Buy Baby, Harmon stores to reopen after buyers scored deals on the bankrupt brands
cnbc.com
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BuyBuy Baby is closing, it seems. 📌 There have been some conflicting reports about how much and who bid on buybuy BABY. As you may already know, Overstock agreed to pay $21.5 million for Bed Bath & Beyond’s IP in an auction after the company filed for Bankruptcy. Bed Bath & Beyond was one of our clients and it is sad to see them closing their doors. The retailer was BuyBuy Baby’s parent company. Honestly, BuyBuyBaby is one of those brands that had so much potential, especially on the experiential side. They had about 120 stores. While it’s been some time since my daughter was a baby, I can see how baby stores could be a community for moms, dads, and families offering classes, product demonstrations, fun events, and more. 📌 It’s the only way to compete against their cheaper and more-convenient-to-shop competitors such as Walmart and Amazon. A consumer going to Walmart can get everything from their groceries 🛒 and diapers to a barbecue grill and baby’s car seat. Or, they could simply order everything they need online 💻 from either Walmart or Amazon. Retailers in the general merch category have to do more to remain competitive and relevant. Would going experiential have saved BuyBuy Baby? 🤔 I don’t know, but it may have given them a fighting chance. Read more here for the details of where things stand as of July 10th https://bit.ly/3Dbc0aT #TSCG #CREtail #RetailStores #CRE #Retail
BuyBuy Baby stores likely closing after no buyers step forward
retaildive.com
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L.L. Bean is reaping the rewards of America’s rediscovered passion for the outdoors. The company has 56 retail outlets in the U.S., and will open several more flagship locations, in the Boston and Montreal areas. Importantly, L.L. Bean is expanding their wholesaling presence, too, including new installations in Dillard’s, Moosejaw, and independent specialty retailers. This one-time DTC-only retailer continues to push into an “all of the above” offering, with a growing footprint in brick and mortar locations. The new stores and wholesale partnerships will mean that L.L. Bean goods will be available in more than 70 new storefronts. As L.L. Bean CEO Stephen Smith pointed out, wholesale partnerships and physical retail are an indispensable part of being “omnichannel.” https://lnkd.in/eCb-_Bez
Seizing momentum, L.L. Bean expands store fleet, wholesale
retaildive.com
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