Sunday 30 July 2017

Retail News Briefs – 29/7/2017

Private Labels Battle Big Brand Names – there is a growing tendency for supermarkets to sell private label brands over accepted brand names. Woolworths recent stoush with Coca-Cola over refusing to sell its no sugar brand and some of the Franklins water range is just one example.  
Aldi does well selling its unknown house brands and others are following suit.
This has been described as shopping for locations rather than the old way of shopping for brands. Customers are more likely to accept no-name products if they are happy with the buying location and the overall experience it provides, especially if that includes cheaper prices.

It’s Not Amazons Fault – A US Retail commentator points out that with only 8.5% of total US Retail Sales conducted online it is mathematically impossible to blame Amazon for the recent raft of US retailer collapses. The major actual causes are two-fold –
            1.     Too many shops.
            2.     Changing buying patterns.

The US has 23.5 square feet of retail space per person, compared with 16.4 square feet in Canada and 11.1 square feet in Australia, the next two countries with the most retail space per capita, according to Morningstar Credit Ratings.