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Globally, organised retailers create and market private label or
store brands. Store brands are visible across product categories
- grocery, packaged food, apparel and even homecare items. For the
customer, store brands most often mean products of reasonable quality
at lower prices, while for the retailer; private labels translate
into better margins, greater clout with the manufacturers and the
ability to fill value gaps in the consumers' requirements.
Industry sources feel that the private labels can be tailored
to suit various regional tastes, and in the long run, these labels
can themselves become major independent brands. In developed markets,
these store brands pose a substantial threat to the established
big brands. In India, while store brands are still at the infant
stage, there is a tremendous growth opportunity as size of operations
is becoming critical for volumes, customer patronage and marketing
capabilities. The seminar would examine the threat of private labels
to the established brands and its impact on both, the organised
retailers and the big brands.
Issues that the seminar would endeavour to address include whether
retailers need the 'big brands' to maintain footfalls and the consequences
of taking on the 'big brands'. It will look at the challenges that
the retailers face as well as the expected backlash. The seminar
will also scrutinise the advantages that 'big brands' enjoy over
private labels. The speakers include Shoppers Stop CEO B S Nagesh,
Pantaloon CEO Kishore Biyani, Retailyatra.com CEO Parag Bhise
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