Log in

CLASS 46


Now in its twelfth year, Class 46 is dedicated to European trade mark law and practice. This weblog is written by a team of enthusiasts who want to spread the word and share their thoughts with others.

Want to receive Class 46 by email?
Click here subscribe for free.

Who we all are...
Anthonia Ghalamkarizadeh
Birgit Clark
Blog Administrator
Christian Tenkhoff
Fidel Porcuna
Gino Van Roeyen
Markku Tuominen
Niamh Hall
Nikos Prentoulis
Stefan Schröter
Tomasz Rychlicki
Yvonne Onomor
FRIDAY, 8 MAY 2009
Brand loyalty in crisis and private label on the rise in Greece


The Greek newspaper “Ta Nea” reported yesterday of a shift in the behavior of Greek consumers, who now tend to prefer private label products in a rapidly increasing pace. According to the newspaper, 1 out of every 5 products bought in Greek supermarkets is a private label product, marking a 30% rise in comparison with last year. Characteristically, in the first quarter of 2009, although dairy products consumption has generally dropped, private label dairy product sales have gone up. But, according to the survey, this phenomenon extends to the whole range of “every-day” (particularly food and beverage) consumer products with private label products conquering market shares of over 30%. Moreover the rate of market share increase of such products in Greece, seems to be triple the respective average European rate.


What’s striking is that this phenomenon is not solely the result of the economic crisis, but it seems to reflect a more permanent change in consumer behavior of Greeks. The survey demonstrates that it is not only lower income consumers who have turned to private label, but all income classes contribute to this rise of private label products. Moreover, as regards brand loyalty, 52% of the participants in the survey hold that private label products do not lack in quality, in comparison with the established brands in the respective market sector. According to the article, the British, the French and the Belgians are champions in private label consumption.

Posted by: Nikos Prentoulis @ 12.24
Tags: brand loyalty, brands, Greece, private label,
Sharing on Social Media? Use the link below...
Perm-A-Link: https://www.marques.org/blogs/class46?XID=BHA1135
Reader Comments: 0
Post a Comment


MARQUES does not guarantee the accuracy of the information in this blog. The views are those of the individual contributors and do not necessarily reflect those of MARQUES. Seek professional advice before action on any information included here.


The Class 46 Archive






 

 

 

 

 

 


CONTACT

info@marques.org
+44 (0)116 2747355
POST ADDRESS

9 Cartwright Court, Cartwright Way
Bardon, Leicestershire
LE67 1UE

EMAIL

Ingrid de Groot
Internal Relations Officer
ingrid.de.groot@marques.org
Alessandra Romeo
External Relations Officer
aromeo@marques.org
James Nurton
Newsletter Editor
editor@marques.org
Robert Harrison
Webmaster
robertharrison@marques.org
BLOGS

Signup for our blogs.
Headlines delivered to your inbox