Brand preferences are overwhelmingly set in the youth years and it's been sliding younger and younger [1].
Sure, they make soap and toothpaste and food and a billion other things, but so do their competitors.
Every sale of a bottle of shower gel is a competition between P&G, Unilever, Colgate-Palmolive, and Henkel; every tube of toothpaste is a competition between P&G, Unilever, Colgate-Palmolive, Church & Dwight, Johnson & Johnson, and GlaxoSmithKline...
And most white-label generic store brands are the product of an alliance between a retailer and a manufacturer, whereby spare plant capacity is used to run a slightly different product through, whose bulk amount was paid for by the retailer ahead of time. This way, the big brand still gets paid, and retailers make better margins on store brand items than big brands.
Sure, they make soap and toothpaste and food and a billion other things, but so do their competitors.
Every sale of a bottle of shower gel is a competition between P&G, Unilever, Colgate-Palmolive, and Henkel; every tube of toothpaste is a competition between P&G, Unilever, Colgate-Palmolive, Church & Dwight, Johnson & Johnson, and GlaxoSmithKline...
And most white-label generic store brands are the product of an alliance between a retailer and a manufacturer, whereby spare plant capacity is used to run a slightly different product through, whose bulk amount was paid for by the retailer ahead of time. This way, the big brand still gets paid, and retailers make better margins on store brand items than big brands.
[1] http://www.adweek.com/brand-marketing/when-does-brand-loyalt...