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Author: Dionysis Kasotakis Publisher: ISBN: Category : Languages : en Pages : 9
Book Description
During the last decades, private label products evolution has radically changed the retail industry in manifold ways. Nowadays, private label products are constantly gaining market shares and penetrate in new product categories. Numerous studies have identified several factors affecting consumers' attitudes towards private label products. This paper examines consumers' perception on private label products, as compared with the branded products, under the spectrum of five basic dimensions: (a) quality, (b) price, (c) packaging, (d) status and (e) innovation. Moreover, it attempts to identify changes in Greek consumers' attitudes towards private label products within the last three years, and thus investigate the impact of the current economic recession. Finally, differences in consumers' attitudes across specific private label product categories (ie. food, home care and personal care) are examined. Primary empirical research was conducted, focusing on Greek consumers shopping attitudes. The findings of the research, confirmed the existence of differences in consumers' evaluations between private label and branded products under all dimensions examined. Branded products were favoured as far as it concerns their quality, packaging, status and innovation. On the other hand, as it was expected, private label products were favoured for their price. In addition, statistically significant differences were found in consumers' attitudes towards private label products within the last three years. It seems that consumers have become more price sensitive, thus their attitudes towards private label products has changed in a positive way compared with three years ago. Finally, differences were also found in consumers' attitudes towards private label products across the three product categories examined. Specifically, it was found that consumers, as regards private label products, tend to have a positive attitude towards home care products and negative attitude towards food and especially personal care products. Several managerial implications for marketers were also identified.
Author: Dionysis Kasotakis Publisher: ISBN: Category : Languages : en Pages : 9
Book Description
During the last decades, private label products evolution has radically changed the retail industry in manifold ways. Nowadays, private label products are constantly gaining market shares and penetrate in new product categories. Numerous studies have identified several factors affecting consumers' attitudes towards private label products. This paper examines consumers' perception on private label products, as compared with the branded products, under the spectrum of five basic dimensions: (a) quality, (b) price, (c) packaging, (d) status and (e) innovation. Moreover, it attempts to identify changes in Greek consumers' attitudes towards private label products within the last three years, and thus investigate the impact of the current economic recession. Finally, differences in consumers' attitudes across specific private label product categories (ie. food, home care and personal care) are examined. Primary empirical research was conducted, focusing on Greek consumers shopping attitudes. The findings of the research, confirmed the existence of differences in consumers' evaluations between private label and branded products under all dimensions examined. Branded products were favoured as far as it concerns their quality, packaging, status and innovation. On the other hand, as it was expected, private label products were favoured for their price. In addition, statistically significant differences were found in consumers' attitudes towards private label products within the last three years. It seems that consumers have become more price sensitive, thus their attitudes towards private label products has changed in a positive way compared with three years ago. Finally, differences were also found in consumers' attitudes towards private label products across the three product categories examined. Specifically, it was found that consumers, as regards private label products, tend to have a positive attitude towards home care products and negative attitude towards food and especially personal care products. Several managerial implications for marketers were also identified.
Author: Arslan, Yusuf Publisher: IGI Global ISBN: 1799802590 Category : Business & Economics Languages : en Pages : 383
Book Description
With changing economic and social environmental conditions and diversified consumer attitudes, national and international competition has increased among retailers. Private label brands have started to follow a dynamic structure in order to adapt themselves to developing environmental conditions. Today, private label products are often mentioned as a mechanism for reaching differentiation in the market and for helping retailers to strengthen consumer loyalty. Improving Marketing Strategies for Private Label Products is a collection of innovative research that examines how some markets are successful and what other markets can do to increase their market share in terms of private label products. It supports in the development of marketing strategies that can help make a private label product more successful. While highlighting topics including e-commerce, national branding, and consumer behavior, this book is ideally designed for marketing professionals, managers, executives, entrepreneurs, business owners, business practitioners, researchers, academicians, and students.
Author: Larrie Leon King (Jr.) Publisher: ISBN: Category : Branding (Marketing) Languages : en Pages : 75
Book Description
National manufacturer brands generally outsell private label brands in most product areas. For instance, Hoyer and Brown found that when inexperienced buyers were asked to decide between two brands, they were more likely to choose the brand name with which they were most familiar. However, during periods of economic distress, consumers tend to purchase store brand products, as they are generally less expensive than those branded nationally. Private label brands (also referred to as store brands or in-house brands) usually refer to products branded and sold through a specific chain of stores. These brands are manufactured by a third party and are thus sold at lower prices. As a result of the recent economic downturn in the United States and abroad, private label brands have experienced a rapid increase in sales - one of over 40% in the past decade. Consumers trust national brands, but have also developed new trust in private label products. A survey conducted by DataMonitor in August of 2010 notes that 44% of Americans agree they are spending more on private label products than they were a year ago. In addition to this, the recent evolution in private label brand development has helped to increase sales of private labels in most products areas, regardless of the socio-economic condition of the consumer. There is a documented correlation between good package design and the perception of luxury or quality. Product packaging has an increasingly important role as a marketing communication vehicle for brand managers. Private label brands are beginning to utilize this data to their advantage and are winning over consumers who are otherwise loyal to national brands, greatly in part to increased appeal and product diversity. However, certain categories appear to be immune to the store-brand swap. Consumers have only slightly increased their purchases of private label personal products, such as hygiene, health, and beauty products. Secondary research suggests that consumers may have issues with trust, comfort, information availability, and other areas in regard to private label personal products. This study proposes that these issues can be addressed by introducing changes to private label product branding and package design. The goal of this thesis is to assess what differences (in quality, value perception, trust, and appeal) the consumer finds between nationally branded personal products and private label products in the same areas. Based on direct information gathered through interviews, surveys, and package demonstrations, this study intends to synthesize a branding and packaging profile that will inform private label brands of what consumers expect and need from the personal products they manufacture. This may in turn improve the total quality of the consumer experience and afford individuals the opportunity to access quality personal hygiene products regardless of their socio-economic condition.
Author: Sushil Dixit Publisher: GRIN Verlag ISBN: 3656920397 Category : Business & Economics Languages : en Pages : 270
Book Description
Doctoral Thesis / Dissertation from the year 2011 in the subject Business economics - Offline Marketing and Online Marketing, , course: Ph. D., language: English, abstract: Private Labels occupy a significant share of organized retail in Europe and United States. With recent growth of organized retail in India Private Labels also emerged in Indian retail landscape. Though private labels arrived in India long back but still Private Labels have not picked up in India, the way they have picked up in other countries. Many of the Indian retailers like Shoppers Stop, Future Group, Tata’s Croma and Aditya Birla Retail’s More, Spenser’s etc are relaying on Private Label strategy in a big way as consumers seek quality products at affordable prices. Besides, rapid technological and socio-economic changes over the last decade have affected the buying behavior of consumers, forcing retailers to innovate and build new brands (private brands/ store brands) across different categories and various price points to attract more buyers to their stores. They have not only created new labels but have customized and localized those products to suit Indian tastes. Private Labels have attracted attention of researchers from the western world for a long period of time. In India even after introduction of Private Labels by retailers very few studies have been conducted to understand different dimensions like introduction and management of Private Labels by retailers and adoption by Indian consumers. The book presents an analysis of consumer perception and attitude towards Private Labels in India which is the outcome of study conducted in NCR region in India during 2008 - 2010.
Author: Gómez-Suárez, Mónica Publisher: IGI Global ISBN: 1522502211 Category : Business & Economics Languages : en Pages : 656
Book Description
As the global market continues to recuperate from economic downfall, it is essential for private label products to find ways to compete with alternatives offered by wholesale and national retailers. In many cases, it becomes difficult for off-brand products to generate market appeal when consumers have preconceived notions about the quality of generic products and loyalty to branded products. The Handbook of Research on Strategic Retailing of Private Label Products in a Recovering Economy emphasizes advertising and promotional approaches being utilized, as well as consumer behavior and satisfaction in response to marketing strategies and the sensitive pricing techniques being implemented to endorse generic and store-brand products available on the market. Highlighting brand competition between wholesalers, retailers, and private brand names following a global economic crisis, this publication is an extensive resource for researchers, graduate-students, economists, and business professionals.
Author: Stefanie Weiß Publisher: Springer ISBN: 3658086726 Category : Business & Economics Languages : en Pages : 153
Book Description
Various psychographic traits that most directly influence consumers’ private label attitudes are the focal point of Stefanie Weiss’ investigation. The author develops a comprehensive profile of psychographic predictors of attitude and identifies ways of translating these insights into managerial practice. Her conclusions thereby strongly contribute to understanding and describing purchasers of private labels and can be meaningfully applied to the management areas of brand positioning and market segmentation. The hypothesized relationships between consumers’ private label attitude and various psychographic traits are tested on a sample of German and Austrian consumers using an online questionnaire. Their response data are then analyzed using the multiple regression technique.
Author: Dionysis Kasotakis
Author: Dionysis Kasotakis
Author: Arslan, Yusuf
Author: Larrie Leon King (Jr.)
Author: Sushil Dixit
Author: Gómez-Suárez, Mónica
Author: Nirmalya Kumar
Author: Deepti Gupta
Author: David Bockian
Author: Stefanie Weiß
Author: Michael Levy