BRAND REJUVENATION STRATEGIES: AN ANTIDOTE OF AGEING BRAND OF OMO DETERGENT SOAP
Keywords:
Brand Rejuvenation Strategy, Celebrity Endorsement, Brand Innovation/Creativity, Brand Logo and Marketing PerformanceAbstract
Under the correct conditions, revitalizing a dormant brand can be a very successful tactic. It is
widely accepted that growing older is the most welcome change in life. Many businesses have
watched their brands loss their relevance over time, and this has dwindled their market share and
ultimately, sales revenue. The study examined the effect of brand rejuvenation strategies on
marketing performance of Omo detergent soap in Nigeria, using a cross- sectional survey design.
The sample population of the study is two hundred (200) respondents from Unilever Nigeria,
producer (Omo) detergent. Descriptive and inferential statistics were used to analyse, data
collected, while stated hypotheses were tested using multiple regression. The findings revealed
that celebrity endorsement, brand innovativeness/creativity and logo have significant influence on
marketing performance of Omo. Thus, the authors conclude that for the product to regain its market
share, it is imperative that Unilever embarks on aggressive revitalisation of the products quality
and strategically re-position the brand in the minds and hearts of the final consumers. The
conclusion stated that companies should be more aggressive because it is necessary to change the
product attribute and introduce newer products with more uses in order to make the products more
marketable. The recommendation of the study suggests that businesses should employ more brand
rejuvenating tactics that try to alter consumers' perceptions.
