NEW YORK, March 23, 2020 /PRNewswire/ -- Retailers increasingly see store brands as a strategic way to attract attention, differentiate themselves and cut back on some of the capital expenditures associated with experiential retail, writes Todd Maute, a Partner at brand strategy and design agency CBX, in the March issue of Store Brands magazine.
Penned before the current crisis, Maute's column argues that store brands have become a strategic necessity for major retail chains, which is part of the reason that Macy's, Walmart, Target, ShopRite, Dick's Sporting Goods and Amazon, to name a few, have all announced major investments in their private-label lines over the past few months.
"The likes of Kroger, Costco and Walmart are relentlessly driving private-label penetration with savvy approaches to branding, marketing and product development," writes Maute, who has worked with retail clients across multiple channels of trade, including grocery, drug, mass, pet specialty, consumer electronics, convenience, office supply, home improvement, warehouse clubs and auto parts. "They understand that this translates directly into customer loyalty."
In recent years, he notes, "experiential" has been the biggest buzzword in retail. While some operators have pulled off successful strategies in this regard, others question the expenses and logistical challenges associated with cultivating Instagram-worthy store design or Nordstrom-level customer service, Maute writes.
"Offering higher-quality, unique, differentiated and compellingly branded private-label products gives you a reason to focus on the retailer, not the channel," he explains. "It's why Best Buy is winning loyalty with its Dynex, Insignia, Rocketfish and Geek Squad brands."
Since younger shoppers are now agnostic about both national brands and channels of trade, retailers have every reason to invest more in the development, marketing and branding of private-label lines, Maute argues. "In addition to their faster speed to market, retailers control merchandising in their stores. That means they can collaborate with manufacturing, branding and design partners to put their expertly branded and packaged products front-and-center at shelf."
The full piece is available on page 12 of the magazine's March digital edition.
CBX is an independent agency specializing in brand strategy and design services, including branding, innovation, packaging and retail design. Founded in 2003, the company currently employs nearly 100 creative and support staff at its New York City headquarters and Minneapolis office. Its client list includes Mondelez, Kroger, Keurig Dr Pepper, General Mills, Hain Celestial, and Merck.
NOTE TO MEDIA: Todd Maute of CBX is available as a resource for articles related to private-label brand strategies and design. Please see media contacts at end of release.
Press Contact: At Jaffe Communications, Bill Parness, (908) 789-0700, or Elisa Krantz, (908)-789-0700, [email protected]