P&G Opens 2nd Tide Dry Cleaners Store in IL - Analyst Blog

By Zacks Equity Research,

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The Procter & Gamble Company ( PG ) recently opened a new Tide Dry Cleaners store in Glen Ellyn, IL. The store has been opened by its wholly-owned subsidiary, Agile Pursuits Franchising, Inc., which collaborated with local franchisees to open the second Tide Dry Cleaners stores in IL.  

Tide Dry Cleaners stores offer facilities like drive-thru concierge services and 24-hour pick-up and drop along with Tide Dry Cleaners Anytime kiosk and a drop-box. The store uses GreenEarth technology and Tide Fabric care to offer cleaning services for various garments and textile.

P&G is expanding Tide Dry Cleaners stores throughout the U.S. The new store is the 25th store in the U.S.  Last month, the company opened two Tide Dry Cleaners stores in Little Rock, AR. In March, the company opened the fourth Tide Dry Cleaners store in Dunwoody, GA.

Tide is one of the 25 billion dollar grooming brands of Procter & Gamble. The latest store introduction is in response to the growing demand for products that make cleaning efficient and effortless.

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 carries a Zacks Rank #3 (Hold).

Some better-ranked companies from the consumer goods sector include BRF S.A. ( BRFS ), Unilever NV ( UN ) and Unilever plc ( UL ). While BRF S.A. sports a Zacks Rank #1 (Strong Buy) both Unilever NV and Unilever plc carry a Zacks Rank #2 (Buy).

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PROCTER & GAMBL (PG): Free Stock Analysis Report

UNILEVER PLC (UL): Free Stock Analysis Report

UNILEVER N V (UN): Free Stock Analysis Report

BRF-BRASIL FOOD (BRFS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
Referenced Stocks: PG , UL , UN , BRFS

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