Private Label Strategy: How to Meet the Store Brand Challenge

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Overview

As economic power shifts from the supply side (i.e. producers, manufacturers) to the demand side (i.e. consumers, service providers) of business, the importance of brands is shifting, too. Large manufacturers such as P&G find themselves competing with stores, wholesalers, and makers of generic goods that produce and package items for a diversity of branded retail chains ranging from fast food to pharmacy. This shift will have huge short- and long-term effects on both sides of the economic equation. Unfortunately, marketers on both sides are buying into certain myths surrounding the role of private labels in the marketplace. This book will be the first to expose and debunk those myths. More importantly, the authors ...
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Overview

As economic power shifts from the supply side (i.e. producers, manufacturers) to the demand side (i.e. consumers, service providers) of business, the importance of brands is shifting, too. Large manufacturers such as P&G find themselves competing with stores, wholesalers, and makers of generic goods that produce and package items for a diversity of branded retail chains ranging from fast food to pharmacy. This shift will have huge short- and long-term effects on both sides of the economic equation. Unfortunately, marketers on both sides are buying into certain myths surrounding the role of private labels in the marketplace. This book will be the first to expose and debunk those myths. More importantly, the authors will tease out the strategic implications and lay out actionable strategies for competing against or collaborating with the purveyors of private labels. Audience: General managers and marketing managers in consumer packaged goods and foods, Do-It-Yourself products, consumer electronics, pharmaceuticals, apparel and fashion, retail, wholesale, and generic manufacturing.

About the Author: Nirmalya Kumar is Professor of Marketing, Director of Centre for Marketing, and Co-Director of Aditya V. Birla India Centre at London Business School. Previously, he has taught at Columbia University, Harvard Business School, IMD, and Northwestern University. He currently lives in London. Jan-Benedict E. M. Steenkamp is CentER (sic) Research Professor of Marketing, GfK Professor of International Marketing Research, and Director of Graduate Studies in Business at Tilburg University. He is also Executive Director of AiMark, a global research center. Contact Author: Nirmalya Kumar

Editorial Reviews

Gourmet Retailer
...a must-read for specialty retailers of any size.
The Financial Times
Like the marketing experts they are, the authors have set out to fill a gap on the business bookshelves.

Product Details

  • ISBN-13: 9781422101674
  • Publisher: Harvard Business Review Press
  • Publication date: 2/6/2007
  • Pages: 270
  • Sales rank: 973,806
  • Product dimensions: 6.10 (w) x 9.30 (h) x 1.10 (d)

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Sort by: Showing 1 Customer Review
  • Posted December 11, 2008

    more from this reviewer

    A comprehensive look at red-hot private-label brands

    In the old days, black and white stenciled labels clearly marked generic brands. Those days are gone. Today many private-label goods are more sophisticated than their competitors¿ parallel products. The growing popularity of private brands has changed the branding, retailing and product development marketplace, which was already shifting in response to globalization, faster trend development and advanced consumerism. Nirmalya Kumar and Jan-Benedict E. M. Steenkamp have a solid understanding of these developments. They buttress their explanations with interesting case studies from leading merchants and manufacturers. Retailing is an exciting business, and the authors bring forward the right mix of research and specifics to make a lively case for private labels. getAbstract recommends this to anyone seriously interested in retailing, the changing shape of consumer society and, of course, shopping.

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