PLMA has announced that private brands experienced sales gains in the first quarter of 2022. According to IRI, store brands gained 6.5 percent in dollar sales, while national brands increased 5.2 percent during the period.
Among departments, 15 of 18 experienced store brand dollar growth, with only deli cheese, home care and tobacco declining. Deli prepared and bakery had the largest increases, up 14.9 percent and 12.4 percent, respectively.
The quarterly numbers were powered in part by the latest monthly performance. In March, store brand dollar sales were ahead 8.3 percent, compared to the same quarter a year ago. That’s nearly double the national brand improvement of 4.5 percent.
“This is the third consecutive monthly report that indicates dollar gains for private brands,” said Peggy Davies, PLMA president. “What’s more, it follows the positive performances of the last five months of 2021.”
In January, private brand dollar sales grew 4.9 percent, ahead of national brands at 4.8 percent; in February, sales were up 6.5 percent, brands added 6.3 percent. For Q1, dollar share for store brands in all major channels came in at 18.2 percent, an increase over 17.7 percent last year. Unit share was 20.2 percent, compared to 19.6 percent in 2021.
While unit sales continued to decline for both national and store brands in March and for the quarter, store brands fared better than national brands.
In March, national brands recorded a 4.1 percent unit decrease while private brands were off 1.4 percent. For Q1, national brands had a 3.4 percent decline; private brands dipped 3 percent. Monthly sales results are available for members through the IRI Unify section on PLMA’s website. Information is available on 317 categories and 967 subcategories as well as from 18 departments.
The Private Label Manufacturers Association is a non-profit organization founded in 1979 to promote the store brands industry. It is the only trade group of its kind, representing 3,500 member companies in more than 75 countries.
PLMA offers its members annual Leadership and Washington conferences, executive education and professional development programs, original consumer and market research, as well as digital media platforms.
For more information, visit plma.com.
