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NEW YORK - As major chains across the retail spectrum increasingly place branding at the center of their strategic objectives and plans for growth, PLMA’s 2015 Annual Meeting and Leadership Conference will examine the opportunities for increasing store brands sales and bringing new products to market.
In study after study, shoppers have never been more approving of store brands and the conference program to be offered in Scottsdale, Arizona March 19-22, was designed to help manufacturers who are seeking new ways gain advantage in a marketplace that is more competitive than ever.
A presentation by Michael DeCory, Wegmans vice president for grocery, dairy and frozen, will give PLMA members a first-hand perspective on the expanding role of store brands at one of the nation’s most innovative and successful retailers.
Chris Hooks, vice president, center store program management for Topco Associates will share views on the strategic role of store brands suppliers at Topco, which has been widely influential in the growth of private label from the earliest days of PLMA.
In addition, the conference will offer the latest market research and insights by Todd Hale, one of the industry’s top analysts for consumer buying trends as the former SVP for Neilsen global & shopping insights. A workshop by Jeff Dorman, president, JDA International, will identify “Ten Telltale Signs You Are Not Getting Enough From Your Sales Effort” and the transformations that need to take place for companies to reap long-term benefits from private label’s success.
PLMA’s Annual Meeting and Leadership Conference provides an opportunity for private label executives from manufacturing companies to come together with their industry peers and trade partners for the purpose of examining the latest trends and exploring strategies for achieving store brand success. The location for this year’s event will be the Hyatt Regency at Gainey Ranch in Scottdale. The conference is open to PLMA member manufacturers, retailers, wholesalers, brokers and suppliers.
CHICAGO - Private label buyers and sellers arrived here, Nov 16-18, for PLMA’s Store Brands Reality Trade Show and were greeted by the largest show in the association’s 34-year history.
The show offered a total of 2,750 exhibit booths throughout three major halls at Chicago’s Rosemont Convention Center, as 1,335 exhibitors competed to get their store brands products in front of buyers and executives from America’s leading supermarkets, drug chains, mass merchandisers, wholesale clubs, convenience and specialty retailers.
At the show opening, organizers were predicting another record year for attendance as well, with pre-registrations by retail buyers, wholesalers and other visitors exceeding 4,250, or nearly 10% ahead of last year’s numbers.
Store brands suppliers presented tens of thousands of products across virtually every food and beverage category – including prepared foods, frozen and refrigerated, ingredients, snacks, gourmet and specialty – while non-foods offerings included health and beauty care, over-the-counter pharmaceuticals, vitamins & nutrition, household, kitchen and cleaning products, DIY and general merchandise.
Among the show’s special features, PLMA’s New Product Expo turned a spotlight on the newest products being offered by exhibitors on the trade show floor, while PLMA’s popular Idea Supermarket® showcased store brands programs, products and packaging from more than 50 leading retailers across North America, Europe, Asia and Latin America.
Increasingly, the growth of store brands at America’s largest retail chains is attracting attention from international manufacturers, who seek to build a market for their products in the U.S. The Show floor presented international pavilions from Italy, France, Spain, Denmark, South Africa, Turkey, South Korea, China, Taiwan and Mauritius, as well as from Canada, Mexico, Ecuador, Peru and Argentina.
PLMA’s own World of Private Label pavilion and international exhibitors taking individual spaces extended global representation at the show to include Germany, United Kingdom, the Netherlands, Belgium, Poland, Greece, Bulgaria, Romania, Israel, Thailand, India, Australia, Colombia, Chile and Brazil, among others.
Year after year across the U.S, private label’s growth continues to outpace the national brands, reaching new heights for consumer sales and retail market share. According the latest industry sales data compiled by The Nielsen Company, private label unit market share in supermarkets has reached 23.4% and dollar market share is now at 19.4%. Total private label sales in the U.S. last year surpassed $112 billion.
Store brands continue to grow in 2014. In the third quarter ending September 27, store brand sales increased +2.8% across all outlets combined – a rate of growth three times that of national brands, which were ahead +0.9%, per Nielsen.
Editors: To arrange an interview with PLMA President Brian Sharoff, contact PLMA’s press representative at (212) 972-3131.
Introducing Stewart to a capacity audience of nearly 900 retail buyers and store brands manufacturing executives, PLMA President Brian Sharoff described her as "a remarkable businesswoman, innovator and icon in the realms of cooking, decorating, gardening, entertaining, publishing, and not least, of branding."
Stewart offered personal perspectives on how she was able to build, expand and manage a private brand that is currently represented by more than 8,500 unique products under her own name, which are distributed and sold via exclusive partnerships with retailers like Macy's, Home Depot, Michael's and PetSmart. Their success has expanded the concept of store brands, opening up new possibilities for the private label industry.
Among the keys to building a successful brand, according to Stewart, is an ability to build a relationship between your customer and the brand; one that is based on giving consumers what they want, what they need, and making sure that new products and new ideas are affordable.
At the keynote breakfast, opening remarks by PLMA Chairman Howard Kirschenbaum of Trinity Plastics also called on suppliers to listen more intently to customers, noting that “no one is closer to the consumer than the retailer, whose one-to-one interaction with shoppers on a day-to-day basis gives them the key that both retailer and supplier need to unlock the future of store brands.”
In addition to Stewart’s keynote on Monday, PLMA presented a speech by Stephen Mader of Kantar Retail on how disruptive digital platforms are leading to a convergence between traditional retailers Walmart and Tesco, and leading technology-based companies like Amazon, Google and Facebook.
In a presentation entitled “Store Brands for Everybody,” Christopher Durham, founder of the influential My Private Brand website, chronicled the multichannel growth and expansion of retailer-owned brands. The series of PLMA talks and seminars also included representatives from Walgreens, Sam’s Club, Associated Wholesale Grocers, Chain Drug Consortium, Pharmaca Integrative Pharmacy, Valu Merchandisers, Sunopta and Bay Valley Foods, among others.
The thirty-fourth annual PLMA trade show presented a total of 2,750 exhibit booths throughout three major halls at Chicago’s Rosemont Convention Center, as 1,335 exhibitors competed to get their store brands products in front of buyers and executives from America’s leading supermarkets, drug chains, mass merchandisers, wholesale clubs, convenience and specialty retailers. Show organizers were predicting another record year for attendance as well, with pre-registrations by retail buyers, wholesalers and other visitors exceeding 4,250, or nearly 10% ahead of last year’s numbers.
Millennials represent a multi-trillion dollar marketing opportunity. By 2016, they will become the country’s most powerful consumer bloc and, over time, will become the most economically impactful generation in U.S. history, outspending even the Baby Boomer generation. They already account for $1.3 trillion in overall direct annual spending and it is predicted they will buy $60 billion in consumer packaged goods over the next decade. But little is known of their shopping mindset and grocery retailers have generally ignored them.
Millennials like to describe themselves as unique in their attitudes and how they conduct their lives. While that may well be true in terms of their overwhelming use of smart phones, social networks and the internet, the first wide-ranging study of Millennials who identify themselves as primary grocery shoppers for their household reveals that, when it comes to buying food and non-food necessities, value is the key to their purchasing behavior.
According to the PLMA study, Millennials shop for groceries often and widely, and supermarkets are the most popular choice. Lead factors in what they choose to buy include previous experience with the product, their shopping list and coupons. Seven in ten belong to a loyalty program. In choosing a store or product, they seek out affordability, value and lowest price. They are also regular purchasers of store brands, think highly of the products, and give them high marks vs. national brands.
The PLMA study was conducted by Surveylab, a leading online opinion consultant. It consisted of more than sixty questions aimed at determining what moves Millennials. Completing the survey were nearly 1,600 men and women from 18 to 33 years old who identified themselves as the primary grocery shopper for their household.
Further highlights from the study include:
• Millennials overwhelmingly see their generation as different from previous ones and are optimistic about their future. But many express resignation about their status. Half say their generation is financially less well off than previous ones and one in five say their life is worse than that of their parents. They expect big changes in the future: Half believe say stores will look nothing like they do now and a third believe many of today’s national brands will no longer be around.
• Brand loyalty is not a major pull for Millennials. When a national brand they wish to buy is not available at the shelf, four in ten choose the store brand, one third pick a different national brand and one in eight look elsewhere for the national brand they initially wanted.
• Millennials are universally familiar with store brands and buy them regularly.Almost four in ten said they buy store brands frequently, the highest rate offeredin the study. Seventy-one percent said value is the main reason they purchase the store brand product as opposed to the national brand. Product quality improvements and a good prior experience will drive their future store brand purchase.
“Millennials have revolutionized the way we communicate,” says Brian Sharoff, PLMA president. “They have created a world of ‘likes’ and ‘friends’ larger than all television audiences combined. But who are they? For those who run supermarkets, drug chains and mass merchandisers, they are still enigmatic. Hopefully, this study will help clarify how they shop and what they want.”
To request a free copy of PLMA’s new consumer research study, “The Millennials Are Coming,” email email@example.com.
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