Brand image is considered to be an important element of branding theory
and plays an important role in the brand building process. Several brands do
have great brand image and have maintained it over the years. These successful
brands have been carefully developed by the marketers and have been nurtured
against all odds. As a result, these brands do occupy a prominent position in
the customers' minds, accompanied by a high level of loyalty and enjoy a considerable
trust among customers and channel members.
The birth of retailer's own private-label brands is a major landmark in the
history of retailing. According to De Charnatony and McDonald (2003), the
changing nature and popularity of retailing in the
19th century was the main reason for growth of this new concept.
Subsequently, due to the rise of private-label
brands, branding in retail sector has also taken a new shape and significance
(Gilbert, 2002). This became increasingly apparent as more retailers have been launching
a wide range of products, improving quality standards, offering reasonable
prices, implementing effective promotional strategies and using bigger
distribution networks.
UK has been one of the most advanced and concentrated retail market with a
total retail sales-value of over £285 bn in
the year 2009 (British Retail Consortium Annual Review, 2010). The retail
sector generates 8% of the total GDP of the country and is set to increase in size
by 1.5% annuallytaking its value to about £312 bn by the end of 2015.
Moreover, UK is also the leading private-label
market (Table 1) among the European nations (Just Food Report, 2006). It has been a
pioneer in selling private-label goods in a
variety of retail stores and major supermarkets across the country. |