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To Store Brands and Coupons
For Immediate Release January 29, 2009
Contact: Cristi Allen
callen@decisionanalyst.com
Phone: 817-640-6166
More Grocery Shoppers Turning To Store Brands And Coupons,
According To A Nationwide Study By Decision Analyst
Historic Opportunity For Private Label Brands
Arlington, Texas—Recession-weary grocery shoppers increasingly are turning
to less expensive store brands and to coupons, according to a nationwide survey
by Decision Analyst, a leading international marketing research and analytical
consulting firm.
Decision Analyst’s Health and Nutrition Strategist™, an ongoing
survey of 4,000 U.S. grocery shoppers per year, clearly indicates that consumers
are under financial pressure and are modifying their shopping patterns. For
example, comparing results from the fourth quarter of 2007 to the same results
in the fourth quarter of 2008, it is evident that many consumers are shifting
to store brands, and many are relying more heavily on coupons, as shown below:
Statement |
Percent Who "Agree Completely"
or
"Agree Somewhat" with Statement |
| |
2007, Q4 |
2008, Q4 |
| Base-Consumers Surveyed |
(1,017) |
(1,000) |
| I usually buy the least expensive brand whether it is a brand name or not |
33.9% |
40.2% |
| I regularly cut coupons out of magazines and newspapers |
48.0% |
52.1% |
| I enjoy shopping for groceries |
40.2% |
45.9% |
"With the recession in full swing, consumers are increasingly looking to
cut their grocery expenses by either using coupons or buying less expensive brands,"
said Diane Brewton, Senior Vice President of Decision Analyst and an expert on
shopping trends in the U.S. "It is interesting that more consumers appear
to be enjoying shopping for groceries because of the recession. We think this
is a result of consumers feeling better about themselves because they are taking
actions to save money. Shopping is more of a challenge in tough times, and leads
to a greater 'sense of accomplishment,'" Brewton said.
"The recession gives retailers a historic opportunity to expand their private
label business, if they can create and consistently deliver high-quality private
label brands," according to Brewton. "This is often difficult because
retailers seldom invest enough money in consumer product testing to optimize their
private label brands, and few retailers have adequate private-label, quality control
monitoring systems. But if retailers can get their act together, they could achieve
major private label gains during 2009, and hold those gains even after the economy
improves."
Methodology
Decision Analyst's Health and Nutrition Strategist™ survey is conducted
online using its American Consumer Opinion® panel (www.acop.com). This continuous
study is based on a statistically representative sample of the U.S. adult population.
The survey results reported above are accurate to three percentage points, plus
or minus, at a 95% level of confidence. The Health and Nutrition Strategist™
is a massive, integrated knowledge base of food and beverage consumption, restaurant
usage, health habits, and nutritional trends.
About Decision Analyst
Decision Analyst (www.decisionanalyst.com),
based in Dallas-Fort Worth, is a leading global marketing research and analytical consulting firm specializing in advertising testing, strategy research, new product development, and advanced modeling for marketing decision optimization. The 30-year-old firm delivers competitive advantage to clients throughout the world in the consumer packaged goods, retail, medical, and pharmaceutical industries. In addition, Decision Analyst operates American Consumer Opinion® Online, one of the world’s largest online panels with more than seven million consumers.
For additional information contact:
Cristi Allen
Publicity
Email: callen@decisionanalyst.com
Phone: 1-800-ANALYSIS (262-5974) or 1-817-640-6166
Address: 604 Avenue H East
Arlington, TX 76011
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