https://www.usatoday.com/story/mone...zor-sales-nick-pgs-quarterly-sales/100935374/
Slower Gillette razor sales slice into P&G's profits
[video=youtube;YpJIf8S6oXE]https://www.youtube.com/watch?v=YpJIf8S6oXE[/video]
https://www.usatoday.com/story/mone...zor-sales-nick-pgs-quarterly-sales/100935374/
Slower Gillette razor sales slice into P&G's profits
https://www.usatoday.com/story/mone...zor-sales-nick-pgs-quarterly-sales/100935374/
Slower Gillette razor sales slice into P&G's profits
NSFW (language)
[video=youtube;QhrVZyOBmvQ]http://www.youtube.com/watch?v=QhrVZyOBmvQ[/video]
Gillette’s infamous “toxic masculinity” ad may cost Procter & Gamble more than anyone imagined in January.
The year that Gillette launched its “We Believe” campaign and asked “Is this the best a man can get?” has coincided with P&G’s $8 billion non-cash writedown for the shaving giant.
P&G takes an 8 billion dollar charge-off for losses at Gillette
Ha Ha Ha Ha Ha
https://www.washingtontimes.com/news/2019/jul/31/gillettes-toxic-masculinity-ad-haunts-pg-as-shavin/
What a shocker.
They still refuse to attribute the loss to the commercial, saying that it's because of competitors offering lower prices. No, P&G, it's because you alienated your customer base.
Why did the competitors lower their prices? There was blood in the water and the sharks attacked. Gillette HAD an overwhelming percentage of the shaving market (something like 70%.) A guy named Gillette invented the safety razor. First to market with two blade (Trac-II), three (Mach 3), and five (Fusion) blade razors. One commercial sent over 100 years of market domination down the crapper.What a shocker.
They still refuse to attribute the loss to the commercial, saying that it's because of competitors offering lower prices. No, P&G, it's because you alienated your customer base.
Why did the competitors lower their prices? There was blood in the water and the sharks attacked. Gillette HAD an overwhelming percentage of the shaving market (something like 70%.) A guy named Gillette invented the safety razor. First to market with two blade (Trac-II), three (Mach 3), and five (Fusion) blade razors. One commercial sent over 100 years of market domination down the crapper.
Why did the competitors lower their prices? There was blood in the water and the sharks attacked. Gillette HAD an overwhelming percentage of the shaving market (something like 70%.) A guy named Gillette invented the safety razor. First to market with two blade (Trac-II), three (Mach 3), and five (Fusion) blade razors. One commercial sent over 100 years of market domination down the crapper.
What a shocker.
They still refuse to attribute the loss to the commercial, saying that it's because of competitors offering lower prices. No, P&G, it's because you alienated your customer base.
Gillette has been treading water for a while now. I think they had been unprofitable for something like 13 of the last 14 quarters. The commercial certainly didn't help, but it's not the only reason they're in the mess they're in. If anything it was a Hail Mary that blew up in their face...
Gillette has been treading water for a while now. I think they had been unprofitable for something like 13 of the last 14 quarters. The commercial certainly didn't help, but it's not the only reason they're in the mess they're in. If anything it was a Hail Mary that blew up in their face.
Dunno, I wouldn't underestimate how terrible and overpriced their product is.
I bought new supplies last month and intentionally avoided buying any of their products. I did not even look at the prices of their products as it didn’t matter.