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Remember the days when grocery stores battled for the lowest prices on national brands? Those days are fading fast. As dollar stores continue to expand and offer rock-bottom prices on familiar products, grocery stores are adopting a new strategy: private labels.
This shift isn't just about offering cheaper alternatives. It's about curation, differentiation, and locking in customer loyalty. By developing unique private label products that can't be found elsewhere, grocery stores are creating a distinct identity and drawing consumers away from the allure of dollar store deals.
Further Resources:
By LIDD Supply ChainRemember the days when grocery stores battled for the lowest prices on national brands? Those days are fading fast. As dollar stores continue to expand and offer rock-bottom prices on familiar products, grocery stores are adopting a new strategy: private labels.
This shift isn't just about offering cheaper alternatives. It's about curation, differentiation, and locking in customer loyalty. By developing unique private label products that can't be found elsewhere, grocery stores are creating a distinct identity and drawing consumers away from the allure of dollar store deals.
Further Resources: