Procter & Gamble announces new category of products: Swash for re-wear


We've all been there: You wear a certain outfit or pair of favorite shorts, and when you are done for the day they're just not dirty enough to go into the laundry hamper or clothes washer, but of course, they're also not that clean. Guys know this procedure all to well; not so much for the ladies.

Well, good news. Instead of wasting bottles of Febreze in your closet, laundry detergent giant Procter & Gamble Co. (NYSE: PG) -- which already owns 60% of the laundry detergent market -- is about to launch the new Swash product. No, the consumer product giant doesn't want to cannibalize sales of a $7 billion category that it basically owns, but invent a new one altogether.

For those who "re-wear" regularly, the new Swash is made for you. Kevin Crociata, P&G's marketing director for its North American laundry division, says that "This is not meant to replace the wash, but to enhance the re-wear experience that is a big habit with consumers." The re-wear experience -- what a great description. This, from an initial perspective, looks like a very innovative solution to a very common occurrence in many millions of American homes. Kudos, P&G.

Not only are the various Swash products going to look good, they'll be made to sit on the nightstand where they are always in view, and apt to be used daily (naturally). Get ready to see these product titles in your grocery and retail stores soon:
  • Fresh It Up (to remove odors) -- $5 for a 2.5-ounce bottle
  • Get It Out (stain remover pen) -- $3 for a 0.4-ounce pen
  • Smooth It Out (to remove wrinkles) -- $5 for 5 ounces
  • Steam It Out (dryer cloth to remove wrinkles in 10 minutes) -- seven cloths for $5
Symbol Lookup
IndexesChangePrice
DJIA+80.4512,881.68
NASDAQ+26.732,930.61
S&P 500+9.771,352.41

Last updated: February 13, 2012: 02:45 PM

Hot Stocks

General Electric

19.055+0.18(+0.95)

Alcoa

10.33+0.04(+0.39)

Apple Inc

501.14+7.72(+1.56)

Google Inc 'A'

613.17+7.26(+1.20)

Bank of America

8.295+0.225(+2.79)

Wal-Mart Stores

61.89-0.01(-0.02)

Exxon Mobil Corp

84.53+0.73(+0.87)

Ford

12.60+0.16(+1.29)

Citigroup

33.33+0.405(+1.23)

IBM

192.98+0.56(+0.29)

Yahoo

16.140.00(0.00)

Starbucks

49.20+0.38(+0.78)

Microsoft

30.705+0.21(+0.69)

Home Depot

46.095+0.765(+1.69)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1329162351503 ms.