The Procter & Gamble Company (PG) recently opened its fourth Tide Dry Cleaners store in Dunwoody, GA. The store has been opened under its wholly-owned subsidiary, Agile Pursuits Franchising, Inc. Agile Pursuits Franchising collaborated with NDC Group, LLC to open the 21st Tide Dry Cleaners store in the U.S.
Tide Dry Cleaners store offers facilities like drive-thru concierge services and 24-hour pick-up and drop-off with Tide Dry Cleaners Anytime kiosk and drop-box. The store uses the GreenEarth technology and Tide Fabric care to offer cleaning services for various garments and textile.
Procter & Gamble is known for its impressive product development capabilities and marketing prowess. The company believes that continued demand for its brands and products is the key to future profitability. Thus, in order to maintain its brand appeal, the company focuses on innovation and expansion of its product portfolio. The company believes that consistent product innovation, supported by strong marketing and commercialization, will deliver strong results over the long term.
Procter & Gamble currently competes in a total of 37 product categories. Tide is one of the 25 billion dollar grooming brands of Procter & Gamble.
Recently, the branded consumer products company introduced a new Tide Oxi Multi-Purpose Stain Remover. The launch of the new multipurpose cleaning product coincides with the spring cleaning season when most Americans deep clean their homes.
This new cleaning product has been particularly designed for cleaning outside the laundry room. There is a growing demand for products that make cleaning efficient and effortless.
Oxi Multi-Purpose Stain Remover uses peracid, a stronger form of bleach to remove stubborn stains. However, peracid is a color-safe bleach and is therefore ideal for cleaning clothes as well as rough stains that are found in bathrooms, patio, stairs and closets.
Procter & Gamble currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the consumer goods sector include Diamond Foods, Inc. (DMND), J&J Snack Foods Corp. (JJSF) and Unilever plc (UL). All these stocks carry a Zacks Rank #2 (Buy).
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