3. Private-label opportunity
One key opportunity for U.S. chains is private-label brands, the report said. Private-label products account for about 15% of packaged food and household products sold in the U.S., compared with more than 40% in the U.K, according to Nielsen. With significantly higher margins, these private-label goods could mean significant growth for retailers. Growth in private-label products, however, could mean trouble for name brands, the report says.
Photo courtesy of Naypong.