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
Progressive Grocer’s Post
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Top Retail Expert | Retail Merchant | Omnichannel Consultant | Educator | Author | Mentor | Speaker | Podcaster | Advisory Board Member | eCommerce Executive
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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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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Commercial and Residential Real Estate, Leasing, Development, Transaction & Title Attorney (LarryTheLeasingLawyer.com) (LarryTheTitleLawyer.com)
No, #brickandmortar #retailing is not dying! "Ross Stores, Inc. is delivering on its 2023 #expansion plans. The off-price #apparel and #homegoods #retailer recently opened 18 Ross Dress for Less #stores and nine DD's Discounts stores across 14 states in June and July. The new #locations are part of the company's plans to add approximately 100 new locations during fiscal 2023, including 75 Ross stores and 25 DD’s Discount outlets." #larrytheleasinglawyer #shoppingandtheretailindustry ICSC
Ross Stores opens 27 locations — with more to come
chainstoreage.com
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Article of the day - right here. “[Supermarkets] were shaped by network radio from their beginning,” writes Coulombe. “As a result, supermarket merchandising has always been brand-oriented. One result of this has been that supermarkets have rarely been known for their product knowledge.” #productmanagement #retail #grocery
Trader Joe's: The Anti-Grocer
readtrung.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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Results-Driven Business Development Executive have experience in Driving Growth and Informed Decision-Making in Retail, Hospitality, Healthcare, and Related Sectors. Currently looking for my next sales role.
Extremely smart strategy by M&S by looking at the revenue made by each store to understand the data as a full picture for future decision making. Impressive how the profits have increased by 58%. By looking at the data they were able to evaluate what new store locations would attract new customers. Be interesting to see what M&S does in the future. #catchment #operations #growth #datadriveninsights
"We are at the beginnings of a new Marks and Spencer" - The high street retailer posted a 58% uptick in profits on Wednesday as its strategy to reshape the business delivers strong sales growth across its clothing and food divisions. https://lnkd.in/ePzNzeib #retailnews #fashion #grocery
M&S profits skyrocket as reshaping strategy pays off
https://www.retailgazette.co.uk
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Are national brands beginning to push back and selectively cut prices in an effort to regain marketshare from private label products? Store Brands Executive Editor Greg Sleter highlights two examples of what could be the start of a new trend. https://lnkd.in/eiFySTTK #retail #grocery #privatelabel #storebrands
The Empire Strikes Back
storebrands.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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10,000 E-commerce Professionals Read My Weekly Newsletter - Shopifreaks.com is the Internet's highest rated weekly roundup of the top e-commerce news stories that impact your business.
🌳 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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