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Consumer Update

Save 34% on Groceries

Would you like to know how you could save 34% on groceries? You can save hundreds, even thousands, in a year with store brands. From meat and produce to bottled water and gourmet chocolates, supermarket names are on a wider variety of goods than ever.
            Because there are low research and development costs, and marketing costs are minimal, store brands can cost less than the national brands. Consumer Reports tests over the years have found store brands are similar in quality to their pricier competitors. And that’s not surprising since supermarket brands are often made by such companies as Heinz, Nestle, Con Agra, and Reynolds. About 60% of shoppers in the Consumer Reports survey were very satisfied or completely satisfied with the store brands they bought. And their perception of the quality of those products has risen since the survey was conducted four years ago.

Source:  Money Tips and Strategies: 39 Smart Ways to Protect and Grow Your Money, p. 10, 2001.

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Last revised: 08/21/08
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