The Time Is Right for Private-Label Brands to Sway Shoppers

2023-04-21 04:30:12 By : Ms. Ruth Lin

Learn how to market with the modern consumer’s wants and needs in mind at Commerceweek, July 11–12, with brand leaders from Visa, Uber, TikTok and more. Sign up now to save 35%.

High inflation has made buying everyday goods—from yogurt and ketchup to trash bags and laundry detergent—more taxing on households across the country. Holographic Sticker

The Time Is Right for Private-Label Brands to Sway Shoppers

As a result, a growing number of shoppers are reaching for store brands, also known as private labels, to help ease the cost of keeping their refrigerators full and pantries stocked.

Last year, U.S. sales of store brands rose 11.3% compared to 2021, resulting in record-breaking revenue of $228.6 billion, according to the Private Label Manufacturers Association.

To Read the Full Story Become an Adweek+ Subscriber

Already a member? Sign in

This story first appeared in the March 2023 issue of Adweek magazine. Click here to subscribe.

Paul Hiebert is Adweek's senior reporter covering data and insights.

The Time Is Right for Private-Label Brands to Sway Shoppers

Custom Label Stickers Adweek is the leading source of news and insight serving the brand marketing ecosystem.