NEW YORK–Private label product sales are slowing, according to a report by Credit Suisse analyst Robert Moskow, as reported by the Wall Street Journal. The National Association of Convenience Stores aggregated the article noting private-label products capture around 20 percent of unit food sales, but sales only increased 3.2 percent at retailers for the four-week interval ending Feb. 20, down from 4 percent increase in January and around a 6 percent increase (excluding dairy) in July.
On the other hand, name-brand food unit sales advanced 2.4 percent during that same time period, compared with a 0.2 percent decline for the four weeks ending Jan. 23.
The original Wall Street Journal article, which requires a subscription, can be read here.