Bargain-Hungry Grocery Shoppers Are Buying More Store-Brand Goods
1. Consumers are increasingly purchasing private label foods for savings. 2. Store brands now average $2 less than name brands, per Bank of America. 3. Albertsons is expanding its own brand offerings to capitalize on this trend. 4. Rising product prices are pushing consumers towards budget-friendly alternatives. 5. Competitors like Conagra are adjusting strategies due to this shift.