Private Label Now Accounts For 38% Share Of European Grocery Sales
ESM - European Supermarket Magazine
The industry magazine for C-suite executives and procurement managers working in the European grocery retail sector.
Private label now accounts for 38% of total FMCG value sales across Europe , equating to about €229 billion in spend, according to?Circana's latest?FMCG Demand Signals?report. The report, which measures sales in the six largest markets in Europe –?France,?Italy,?Germany,?Spain,?UK, and the?Netherlands?– notes that?private label?is 'outpacing the popularity' of national brands across almost all categories. According to the report, the highest private-label penetration of the six markets is seen in Spain (47%) and Germany (41%), while the lowest is in the UK (37%).
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France's food industry has agreed to reopen price negotiations with retailers early , Finance Minister?Bruno Le Maire?has said, after he put pressure on big food companies to?lower prices. "This is excellent news for consumers, it means that prices are going to be renegotiated lower early, so we will be able to break the inflationary spiral," Le Maire told journalists after meeting with food industry representatives. Despite declines in prices of raw materials on global markets, French food?inflation?has surged over 15% in recent months after?food?companies and retailers agreed to an average 10% increase in annual price negotiations in March.
Product affordability is now the leading concern for more than a third (35%) of consumers around the world, the latest edition of the?EY Future Consumer Index?has found. This is up 10 percentage points since October 2022, the data showed. Some 94% of consumers say that they are now 'worried' about a rise in?cost of living?costs, with consumers in both developed and emerging countries making 'dramatic, short-term lifestyle changes' to cope with ongoing disruption and?inflation.
The administration of the Federation of Migros Cooperatives (Migros-Genossenschafts-Bundes - MGB) has?decided?to operate the supermarket business of?Migros?as an independent, centrally controlled company. The administrations of the ten regional cooperatives now have until 24 May 2023 to decide, the?Swiss?company said in a?statement. Upon approval from the regional cooperatives, mixed teams from the MGB and the regional cooperatives will look into the further implementation of measures to set up the new organisation.
Lidl?is marking the?50th anniversary?of its first store opening in?Germany , in 1973, with a series of events scheduled to take place well into the autumn, under the banner ‘50 Jahre mehr als günstig’ (‘50 years more than cheap’). The festivities kicked off on 16 May, with a press conference and a tour of Lidl’s new head office in Bad Wimpfen, while over the next 20 weeks, the?Schwarz Group-owned?discounter?will introduce a range of birthday offers, discounts, competitions, events and ‘retro collections’. Lidl’s first outlet opened in Ludwigshafen-Mundenheim, near Mannheim, in 1973.
PepsiCo Europe has announced the appointment of Archana Jagannathan as its new chief sustainability officer , effective immediately. Jagannathan currently holds a leadership position on Climate, Energy and Water at PepsiCo Europe, as well as being vice president for sustainability in the UK and Ireland. She joined the soft drinks and snacking giant in 2018, and has held a variety of roles at the business, in category management, packaging and sustainability.
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Our?May/June edition , features our annual?Private-Label Issue, exploring the latest trends and innovations in the dynamic store-brand segment, as well as previewing the annual?PLMA 'World of Private Label' trade show, taking place on 23 and 24 May in Amsterdam. Elsewhere, we feature an in-depth report on how?Ukraine's supermarket sector is battling on, more than a year on from the Russian invasion, we catch up with?Markant?CEO Markus Tkotz, we look ahead to?The Consumer Goods Forum Global Summit, and a lot more besides.
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