Blog: Is UK demand for private label changing?
Dean Best | 11 May 2010
More fuel for the debate on whether we are seeing consumers return to premium has come from UK retail analysts at mysupermarket.co.uk.
Industry watchers at Kantar Worldpanel recently insisted that it had spotted a "sustained return" to premium products in the UK despite the fragile nature of the country's economy.
Kantar cited that return as a reason why Asda was falling behind rivals like Tesco and Sainsbury's.
Days later, there was an indication of the continued popularity of discount retailers in the UK with the GBP200m takeover of Poundland.
However, the folk at mysupermarket.co.uk have taken a more nuanced view. Shoppers are again starting to buy more upmarket food - but at levels far below that seen before the downturn.
"We did some quick research of our own and found that shoppers are spending 3% more on the premium own label ranges than they were a year ago, but it’s still 14% less than 2 years ago," says Jonny Steel from mysupermarket.co.uk. "This definitely suggests that the popularity of premium ranges is on the rise again, but still a long way to go until it reaches its pre-recession heights."
Similarly, Steel says that sales of "economy" own-label lines, including the Sainsbury's Basics range, had dropped over the last year by 12%.
"This once again suggests that consumers are starting to let go of these cheap ranges, but are still buying more than they were before the recession hit," Steel explains.
The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....
Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen....
As the UK starts to ponder what kind of a relationship it wants with the European Union post-Brexit, EU leaders have been lining up to warn that Britain will not be allowed to "cherry pick" deals and ...
Low food prices continue to hold back inflation rates in the UK as the supermarket price war continues in the face of rising import costs. ...
- Interview: Mondelez eyes sweet success in China
- The benefits of engaging staff in sustainability
- How food companies involve staff in sustainability
- Why Danone is withdrawing Dumex from Vietnam
- Why May's Brexit comments give reason for optimism
- 2 Sisters chief Boparan buys Bernard Matthews
- Fonterra says value-added strategy paying off
- B&G Foods acquires ABF's US spice business
- General Mills profit falls as sales disappoint
- Bernard Matthews pensions scheme under review
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Foodservice Market 2016-2020
- Global Food and Drinks Closures: Performance and Opportunities
- Fast Food Restaurants in the US - Industry Market Research Report