Private-label implementation to eat up 50% of food share
NEW YORK — The share of private-label brands and products will double to 50% by 2025, thanks to a continued emphasis made by retailers.
In a new report released by Rabobank’s Food and Agribusiness Research division, author Sebastiaan Schreijen noted that national brands and smaller, secondary brands (referred to as "A" and "B" brands, respectively) will prompt an intense price competition and therefore will cause the private-label market to become chock-full of higher-quality "B"-brand products at lower prices.
Additionally, Schreijen said, U.S. retailers only have hit the tip of the private-label iceberg; continued industry consolidation will be fueled by such initiatives as private-label implementation, as well as scale in logistics, procurement, marketing and store opening strategies, since a larger operating scale provides more opportunities to launch private labels, he said.
Many U.S. retailers already have taken note of this. Both CVS and Walgreens have entered the private-label business. CVS continues to boost its private-label portfolio with the official unveiling of its Just the Basics line — announced at the company’s analyst meeting in October 2010 — while Walgreens highlighted its private-label line last month with an ad campaign and a new beer, sold under the name Big Flats 1901.
What’s more, U.S. consumers have weathered a tough economy by opting to purchase private-label products. Many also have continued their recession-proof purchases as the economy has recovered, and even recommend such products to others.
Macy’s, renowned makeup artist partner to support Dress For Success
NEW YORK — Macy’s and makeup artist Bobbi Brown have teamed up to support Dress For Success,the international nonprofit thatpromotes economic independence for disadvantaged women by providing anetwork of support to help women thrive in work and in life.
Macy’s customers can now purchase an exclusinve set of Bobbi Brown Cosmetics;100% of the purchase price ofthe set will benefit Dress For Success Worldwide.The set retails for $60 (valued at $121) andwill be available while supplies last.
"We’re very excited about our partnership with Bobbi Brown Cosmetics,"said Muriel Gonzalez, Macy’s EVP/GMM cosmetics, fragrances and shoes.
"Macy’s is committed to giving back to our local communities and it’sextremely important now as there are a large number of women re-enteringthe work force. This exclusive partnership allows us to help ourcustomers transform themselves while helping other women change theirlives. We are proud to offer our customers an easy way to make apositive difference in the lives of women throughout our communitieswhile enjoying a great product at Macy’s."
Tilden Ridge Shopping Center
A 400,000-sq.-ft., Wal-Mart Supercenter- and Lowe’s-anchored, regional shopping center opened on March 15 in Hamburg, Pa.
Tilden Ridge Shopping Center, owned by West Conshohocken, Pa.-based Ironwood Property Group and leased by Metro Commercial Real Estate, was almost six years in the making, and features a site that shares a traffic signal with a 250,000-sq.-ft. Cabela’s store.
Tilden Ridge Shopping Center is 98% pre-leased and includes, besides Wal-Mart and Lowe’s, the following retailers: AT&T Wireless, Five Guys Burgers & Fries, GNC, GO Wireless (Verizon), LA Nail Spa, Logan’s Roadhouse, Pet Supplies Plus, Philly Soft Pretzel Factory, Schuylkill Valley Sports., Sleepy’s, GameStop, Great Clips, J.A. Buffet and Wawa.
There are limited leasing opportunities remaining, which include restaurant pad sites and a Phase II inline space construction of 12,600 sq. ft.
During one of the worst economic times in recent history, Wal-Mart, Lowes and the other retailers committed to Tilden Ridge as a part of their limited expansion plans. This commitment shows the magnitude of the site and the success anticipated while bringing the total retail GLA in the market to almost 1 million sq. ft. and over 6.5 million visitors to Cabela’s largest retail facility.