2. Brand Audit Olay is a company that produces anti-aging products, face cleansers and skin care products. Established in 1959 Philosophy: “Help women look and feel beautiful.” Each year, Olay conducts over 400,000 safety and quality tests to ensure an excellent experience for women around the world. The company has won over 15 awards in just the last 3 years!
3. Social Media Twitter followers: NO TWITTER ACCOUNT Facebook “likes”: 380,129 www.olay.com Youtube
6. She is loyal to the brand because her mom and grandmother have used Olay products and have passed down the brand loyalty to her.
7. Stakeholders Consumers of Olay Companies that sell Olay (Wal mart, Target, Walgreens) Manufacturers of the product Stockholders All these stakeholders would be in favor of rebranding!
8. Why re-brand? Weaknesses and threats of the brand: known as a product for “older women”. Do not have any products for 18-25 years old Packaging is boring and old looking. Do not target women younger than 30 years old. Many other skin care companies are capturing the 20 year old market.
9. What needs rebranding? Olay needs a fun and hip product line for women in their teens and 20’s. Go beyond the anti aging creams. Create a brighter package design
10. OLAY OUTRAGEOUS Olay Outrageous is a new product line for women in their 20’s. It includes products such as, lip plumper, moisturizer masks, fragrant sunscreen, and many other products young women would use.
14. Why Selena? 19 years old Disney movie star/singer Dating Justin Beiber Strengths and Opportunities Reach out to the younger generation by joining Twitter.. This product line will allow Olay to build long lifetime consumers. The new brightly colored design will be eye catching.
Carrie’s new hockey playing husband could be hurting her career, her songs have been banned Ottawa, Canada and a radio stations in Canada, because her husband “betrayed” the community by trading to Nashville’s hockey team.This could hurt Olay’s sales also.
This magazine ad will run 4 weeks before the big revealing of the spokeswoman!