The past two years have been a period of strong growth across the private label industry.
Spurred mainly by inflation rates not seen in a generation, consumers turned to retail private brand products in an effort to stretch their dollars. In many instances, what they found were items that were equal to if not better than national branded products that offered a considerable savings. Looking to maintain this period of growth, new product development seen over the past year has been focused on uniqueness and differentiation.
No longer are retailers satisfied with providing shoppers products that are national brand equivalents. Today, offering shoppers consumables, health & wellness products, housewares, office supplies and more that provide high-value and cannot be found at a competitor is the focus.
From eating healthy, to providing better quality pet food, and meeting the needs of an aging population, the 2023 Store Brands Editors’ Picks reflect this effort.
For the complete list of winners, see the July/August issue of Store Brands.
Here are the featured winners of the annual award program: