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Private Label Market Set to Surge, Report Shows Grocers Need Clear Strategy

New report from Alvarez & Marsal's Consumer and Retail Group reveals the accelerating Private Label market and the need for grocers to develop a clear Private Brand strategy to stay competitive.

This news matters because it sheds light on the increasing significance of Private Label brands in the retail industry, and how grocers need to adapt to the changing market dynamics to stay relevant and competitive. It impacts consumers as it highlights the potential for more affordable, high-quality products, and it impacts retailers as it emphasizes the need for a clear Private Brand strategy to drive performance improvement.