[lbo-talk] Suds for Drugs

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sat Jan 12 20:54:53 PST 2013


Tide detergent: Works on tough stains. Can now also be traded for crack

http://nymag.com/news/features/tide-detergent-drugs-2013-1/

The grocery store, located in suburban Bowie, Maryland, had been robbed repeatedly. But in every incident the only products taken were bottles-many, many bottles-of the liquid laundry detergent Tide. "They were losing $10,000 to $15,000 a month, with people just taking it off the shelves," recalls Sergeant Aubrey Thompson, who heads the team.

[...]

Tide bottles have become ad hoc street currency, with a 150-ounce bottle going for either $5 cash or $10 worth of weed or crack cocaine. On certain corners, the detergent has earned a new nickname: "Liquid gold."

[...]

At upwards of $20 per 150-ounce bottle, Tide costs about 50 percent more than the average liquid detergent yet outsells Gain, the closest competitor by market share (and another P&G product), by more than two to one. According to research firm SymphonyIRI Group, Tide is now a $1.7 billion business representing more than 30 percent of the liquid-detergent market.



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