NACSonline.com, the report reveals that traditional supermarkets and grocery stores are losing private label market share to alternative stores, with compound annual growth rate (CAGR) among traditional food and beverage retailers a modest four percent between 2005 and 2009. This contrasts sharply with the growth of private label sales at specialty food stores Whole Foods and Trader Joe's, which grew at a CAGR of 14 percent during the same period. Supercenters Walmart and Target realized CAGR of nine percent, and warehouse stores, such as Costco and Sam's Club, grew at a CAGR of six percent.
What strategies must traditional grocers take in order to win with private brands and private label? Find out at The Private Brand Movement, September 27-29, 2010 at Hotel Sax in Chicago. Join Meijer, Safeway, AHOLD USA and more they showcase real-world case studies about customer-centric brand strategy and models for collaboration, transformation and innovation. Download the brochure and register today!