Posted by Barry Silverstein on September 8, 2010 02:15 PM
As if price-conscious shoppers needed more convincing, a new study published in the October issue of Consumer Reports magazine states "store brand products can compete with their name-brand counterparts and save shoppers more than a thousand dollars a year on grocery bills." According to Tod Marks, senior projects editor for the magazine, "The study reaffirms that store brands are worth a try."
Five supermarket chains were evaluated and prices for private-label or store-brand vs name-brand items were compared for 30 everyday items. Consumer Reports found the average savings with store brands was 30%, while its researchers found nutrition similar for most of the tested products.
Yet, shoppers need coaxing to trust some store brands — many, ironically, created by big name brands.Continue reading...