CONFECTIONERY suppliers have been keen advocates of PMPs on a wide variety of countlines, sharing-sized products and other lines.
Towards the end of last year and into early 2016 Mars Chocolate extended its portfolio of PMPs to include six more products. Mars, Snickers, Twix, Bounty and Maltesers singles were made available in 50p PMP ahead of Christmas and a Maltesers Teasers single was signalled to appear after the festivities.
Bep Dhaliwal, trade communications manager for Mars Chocolate UK, said: “Retailers not only see PMPs as better value for themselves and their customers, but also as a key footfall driver, attracting more shoppers to store and ultimately generating sales growth.
“Price-marked packs now account for 60% of sales at independent stores and we expect to see this trend rise again in 2016.”
Highlighting HIM Research and Nielsen findings Susan Nash, trade communications manager at Cadbury owner Mondelez International said: “30% of shoppers said they would be more likely to buy a product on impulse if it was PMP, and almost half said PMPs make them feel more at ease in store as they don’t have to ask the price.
“Independent retailers agree that PMPs sell faster than standard packs and can be used to save time on pricing in store. Shoppers, meanwhile, claim that a price-marked pack is the second-most influential factor when deciding on a particular product to buy in a convenience store.
“PMPs are a type of promotion, so retailers should consider how much of their stock they want to be perceived as ‘on promotion’ – if they are offering nearly all their stock as PMP, is this giving shoppers an expectation of a store that can’t be continued long term?”
Last year Mondelez International introduced many PMPs including 50p promotional price-marked packs on its best-selling countlines. And Cadbury Dairy Milk launched £1 promotional price-marked tablets of Cadbury Dairy Milk, Cadbury Dairy Milk Fruit & Nut, Cadbury Dairy Milk Caramel, Cadbury Dairy Milk Oreo, Cadbury Dairy Milk Bubbly and Cadbury Dairy Milk Puddles.