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IRI EXECUTIVE INSIGHTS

 

After five years of essentially flat share overall, CPG private label is on the rise, securing sizable gains over the last two quarters. 

Rising costs have encouraged consumers across income segments to allocate more of their spending to private  label – providing retailers with a unique window of opportunity to extend reach beyond the core lower-income market.

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CPG retailers are well-positioned to accelerate the pace of change – benefiting consumers, as well as national and corporate brand, category and store sales. Shifts in consumer attitudes towards healthy eating are driving new opportunities for retailers as products that are “light”, natural/organic, nutritious and offer functional benefits outpace total CPG growth.
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New product ideas and advertising campaigns will be increasingly developed through direct dialogue with consumers/customers. In some cases, they will be developed directly by the customers.
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Shopping Trip Missions
IRI has concluded that trip missions have a dramatic impact on where consumers shop and what they buy. Trip mission insights can empower retailers to create the assortment, placement and promotion plans that drive growth through increased share of specific trip missions or basket growth within specific trip types.
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