Eco-Labeling and Retailer Pricing Strategies: The U.K. Haddock Market
Publication details
Journal : Sustainability , vol. 10 , p. 13 , 2018
Publisher : MDPI
International Standard Numbers
:
Printed
:
2071-1050
Electronic
:
2071-1050
Publication type : Academic article
Issue : 5
Links
:
ARKIV
:
http://hdl.handle.net/11250/25...
DOI
:
doi.org/10.3390/su10051522
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Kjetil Aune
Chief Librarian
kjetil.aune@nofima.no
Summary
In attempts to differentiate their store imagery, grocery retailers frequently introduce new products, which are often rich in extrinsic attributes such as claims regarding healthiness and environmental sustainability. This paper explores retailers’ pricing strategies for product attributes of haddock in the United Kingdom. The results show that retailers’ pricing strategies vary, in particular for extrinsic product attributes such as eco-labels and country-of-origin. The high price premium generated from the most advocated eco-labels and an emphasis upon promotion strategies appear to play a role in the success of high-end retailers, and may have implications for any heightened competitive responses by larger retail chains in the future.
