In our last entry we warned you about the coming onslaught in this, the season of lists. Today, we look at another one on retailcustomerexperience.com called the, "The 5 biggest retail customer experience stories of 2009." This list is predicated on the observation that consumers' relationships with brands has changed significantly in 2009. Only in the New Year will we find out if these changes are permanent. Here are the stories offered up in the list.
"An emphasis on value." Walmart was the big winner in 2009. Their approach defined the term "value" as being synonymous with "saving money."
"Private label brands take center stage." It's no surprise that consumers turn to store brands during tough economic times. However, this time around appears to have staying power as half of the consumers polled said that they found the product better than expected and 41 percent said that brand names are not worth the money.