Thats why private labels are so popular
In recent weeks, the Pénzcentrum and the University of Debrecen have conducted a joint, large-scale survey to assess the opinion of domestic customers on commercial (private) branded and manufacturer branded products. Based on the opinions of more than 10,000 respondents, it can be concluded that private label products are not only a cheaper alternative, but also a quality choice in many cases. Let’s see the detailed results!
Advantages and disadvantages of private labels
Private labels offer many advantages to retail chains and manufacturers. For retailers, these products attract customers to the store, have high profit margins despite their lower price points, and have low or zero advertising costs. Using their negotiating position, representatives of the commercial sector can easily persuade manufacturers to produce these products.
For manufacturers, private labels provide a stable consumer market and income, as they can reach consumers without marketing costs. However, in exchange for a lower price, they get high-volume orders, which means a stable source of income. An important question for them is whether to display their name on the products, as they can create their own competitor on the shelves.
Related news
Self-driving cars in the big city – Hungarian researchers are working on such algorithms
Many people think that the biggest challenge in developing self-driving…
Read more >It’s not the star that matters: Hungarian customers want to see negative reviews too
According to a recent study by MediaMarkt, the majority of…
Read more >Whose trust is it? – this is how the domestic influencer market is changing
Two-thirds of Hungarian internet users regularly consume influencer content, but…
Read more >Related news
OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >KSH: investment performance decreased by 8.0 percent compared to a year earlier
The volume of investments in the second quarter of 2025,…
Read more >MTÜ: almost 800 thousand people participated in the St. Stephen’s Day celebrations in Budapest
According to mobile data, more than 798,000 people with mobile…
Read more >