P&G, Colgate, Unilever use ads, prices, innovation to lure shoppers back from store brands
By APThursday, April 29, 2010
Consumers hand big brands rising sales
PRICE, PRODUCTS, PROMOTION: Consumer products companies are winning back price-conscious shoppers with innovation, marketing and by cutting prices, and three of the major players all reported sales increases Thursday.
NEWER MARKETS: Emerging markets such as China, Brazil and India continue to provide accelerating sales growth.
PROFIT HITS: Unilever quarterly profit was up 33 percent. But P&G was off 1 percent after a charge for the U.S. health care overhaul, and Colgate-Palmolive fell 30 percent after a hit from currency devaluation in Venezuela.
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