Procter & Gamble, the world’s 53rd largest publicly-traded business corporation, has been named Advertising Age‘s Marketer of the Year for 2019.
According to Ad Age, P & G has re-dedicated itself to out-marketing its competitors. As a result of its search for “work that has more impact,” “P&G has,” Ad Age reports, “gained share in most businesses this year, posting 7 percent organic sales growth the past two quarters.” This “rarity for any big company” has pushed P & G’s “stock price up more than 30 percent this year and 65 percent from recent lows in May 2018.”
Okay, but what is the material basis for such stellar work on behalf of shareholders?
Things like this:
That is new Downy Unstopables, which is apparently perfume you add to your laundry.
The logic of such a breakthrough is reported, with TCT’s emphasis added, by Ad Age as follows:
Such ads, which aim to encourage consumers to use products more often and successfully, are part of an effort…to focus less on taking share from rivals and more on growing or creating categories.
One example is Downy Unstopables scent beads, a business with more than $750 million in global sales that’s moving the brand from fabric softening to adding lasting fragrance to clothes.
No word, of course, on what happens to all those new plastic bottles.