Items Tagged with 'private label'

Private-label sales reached $271 billion in 2024.

Although it's cold outside, ice cream brands like Snoop Dogg's Dr, Bombay and Wells Enterprise's Blue Bunny are red hot with triple-digit sales growth. 

This summer, I had the pleasure of attending the Michigan AgroExpo show to talk about the political and economic trends shaping the dairy business environment.

In all, some 14,000 retailers, visitors, exhibitors, and others from the store brand and retailing industries attended.

The goal of Store Brands Month is to increase consumer trial by focusing attention on the positive attributes and practical factors of store brands - including value, digital convenience, ethical considerations, innovation and budget awareness - across all product categories in both brick-and-mortar and online retail formats. 

How do we determine what a great plant is? Is it an exciting design? New technologies or automation? Sustainability efforts? Perhaps, it is a processor that continues to process, as well as protect a decades-long family recipe.

Private-label products, sometimes known as private brands or store brands, have enjoyed steady growth since even before the COVID-19 pandemic. And dollar sales continue to grow. In 2023, total dollar sales rose 6%, while units sold grew 0.9% compared to the prior year. 

Bettergoods items range from under $2 to under $15, with most products available for under $5.

Cheese continues its run as perhaps the strongest segment of the dairy industry. For the year ending Jan. 28, there were very few kinks in its armor.

This represents a 4.7% rise in dollar sales in all outlets from Jan. 1 to Dec. 31, 2023, versus the same period the prior year, according to the report.