If you’ve grown weary of trying to decide between too many products when shopping, you are not alone. You may not have to worry about it as much anymore, either.
According to a CNNMoney.com report, Wal-Mart and other major retailers are scaling back on brand name products to save themselves and their companies money and time. That means you’ll see more generic brands on the shelves and perhaps less expensive prices on name brands as the retailers negotiate better prices.
Here’s an excerpt from the article:
For example, Wal-Mart recently removed Glad and Hefty-branded storage bags from shelves, replacing them with its own lower-priced Great Value brand, according to the parent companies of both products.
In the case of Hefty, parent Pactiv Corp. (PTV) told CNNMoney.com that Wal-Mart reversed its decision, and will return its products to shelves this spring — after Pactiv agreed to make the Great Value bags that will sell alongside the competing Hefty product.
“Hefty was off Wal-Mart’s shelves, but we are being brought back,” said Matt Gonring, spokesman for Pactiv Corp.
Bill Pecoriello, CEO of market research firm ConsumerEdge Research, told the news organization that the products most susceptible to being removed from shelves are toiletries, household products and food staples like milk, bread and eggs.
Other retailers like Target, CVS and Kroger have also begun such tactics. Too many product choices only cause stress for consumers and makes shopping more difficult. The stores are apparently in the more advantageous position and can push for lower prices and even more advertising inside the retail outlets. Consumers, wanting to save money, are less discriminate when shopping as well.
Question: So, whose side are you on? Do you want more choices or lower prices? Would you be mad if retailers stopped carrying your favorite name brand products in favor of their own generic brands?
Which items shouldn’t be touched at all?
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