Old Spice Essay

897 Words2 Pages

Old Spice’s product positioning strategy has changed significantly in the last two decades, especially in the last three to five years. Old spice offers antiperspirants, deodorants, body spray, body washes and shampoos. Their advertising campaigns have gained them tremendous market share and even grew the market itself. It is reported that they have 37.8% of the men’s deodorant market and 6.6% of the men’s fragrance market. Old Spice has also been advertising their body sprays to compete with Axe since Axe currently holds more than 20% of the market space. Proctor and Gamble has been expanding its markets to Brazil, Russia, India and China. Expanding into these countries has increased their purchasing power and raised the demand for their products and fragrances. Once Proctor and Gamble expands into even more countries, their market share will continue to grow significantly. Outline of Consumer Behavior and Perceptions Our survey of customers revealed two main groups of consumers. The first group purchases mainly luxury brands of deodorant because it fulfills their psychological need for a luxury product. The second group purchases mainly mass-market deodorants. Since deodorant is such a minor purchase, most …show more content…

Therefore, the target market for Eventus will be upper-middle class men with ages ranging between thirty-five and seventy. This demographic can most easily afford to pay higher prices for a high-end, mass-market deodorant. Men in this demographic can afford higher-end items, but they cannot buy true luxury brands on a whim, as that would be slightly too expensive. These men want to feel like they are buying a high-end product, but they do not want to pay the price of a true luxury brand. Eventus will fill their psychological need for a high-end product, and it will be priced low enough for men in this demographic to afford

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