Consumer Attitudes Toward Store Brands, April 2013 [CHART]
94% of Americans say they will remain cautious and keep their food, beverage and household goods spending at current levels even if the economy improves, according to results from Deloitte’s “2013 American Pantry Study.” The survey results indicate that consumers’ recession-sparked frugality has endured, as 70% agree that even though they’re spending less on products now, it doesn’t feel like they’re sacrificing much. Those attitudes translate to their brand loyalty, too: just 27% of respondents interviewed last year said they intend to purchase more national brands instead of store brands as the economy improves.
That’s down from 35% in 2011 and 2010.
At the same time, the percentage of respondents who are buying store brands in categories they never have purchased before rose from 32% in 2011 to 38% in 2012. And almost 9 in 10 say they have found several store brands that are just as good as national brands, so they can save money without giving up anything. Read the rest at MarketingCharts.