Around the Net

P&G Looks For Sales Boost Overseas

Procter & Gamble has a goal of increasing total sales by 5% to 7% annually over the next three years. As part of that mission, it is looking to tap roughly 1 billion additional consumers--most of them poor women who live in developing countries and buy their wares from mom-and-pop stores no bigger than a closet.

P&G calls such locally owned bodegas, stalls and kiosks "high-frequency stores," because of the multiple times shoppers visit them during a single day or week. Though most are rudimentary--usually operating out of the owner's home--these shops are a vital route into developing markets, executives believe.

Product visibility is one of the biggest challenges to selling in high-frequency stores. P&G began lobbying for better shelf space, one tiny store at a time, by offering special perks that rivals do not. P&G-employed merchandisers visit the stores about every two weeks to tidy the shelves of their products, post signs with the items' prices and hand out promotional items.

advertisement

advertisement

Read the whole story at The Wall Street Journal »

Next story loading loading..