Download or read book Private Labels and Personal Care written by Larrie Leon King (Jr.) and published by . This book was released on 2014 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: National manufacturer brands generally outsell private label brands in most product areas. For instance, Hoyer and Brown found that when inexperienced buyers were asked to decide between two brands, they were more likely to choose the brand name with which they were most familiar. However, during periods of economic distress, consumers tend to purchase store brand products, as they are generally less expensive than those branded nationally. Private label brands (also referred to as store brands or in-house brands) usually refer to products branded and sold through a specific chain of stores. These brands are manufactured by a third party and are thus sold at lower prices. As a result of the recent economic downturn in the United States and abroad, private label brands have experienced a rapid increase in sales - one of over 40% in the past decade. Consumers trust national brands, but have also developed new trust in private label products. A survey conducted by DataMonitor in August of 2010 notes that 44% of Americans agree they are spending more on private label products than they were a year ago. In addition to this, the recent evolution in private label brand development has helped to increase sales of private labels in most products areas, regardless of the socio-economic condition of the consumer. There is a documented correlation between good package design and the perception of luxury or quality. Product packaging has an increasingly important role as a marketing communication vehicle for brand managers. Private label brands are beginning to utilize this data to their advantage and are winning over consumers who are otherwise loyal to national brands, greatly in part to increased appeal and product diversity. However, certain categories appear to be immune to the store-brand swap. Consumers have only slightly increased their purchases of private label personal products, such as hygiene, health, and beauty products. Secondary research suggests that consumers may have issues with trust, comfort, information availability, and other areas in regard to private label personal products. This study proposes that these issues can be addressed by introducing changes to private label product branding and package design. The goal of this thesis is to assess what differences (in quality, value perception, trust, and appeal) the consumer finds between nationally branded personal products and private label products in the same areas. Based on direct information gathered through interviews, surveys, and package demonstrations, this study intends to synthesize a branding and packaging profile that will inform private label brands of what consumers expect and need from the personal products they manufacture. This may in turn improve the total quality of the consumer experience and afford individuals the opportunity to access quality personal hygiene products regardless of their socio-economic condition.