A while back, I wrote about Campbell's introduction of a huge line of healthier soups that it introduced to compete head-to-head with competitor Progresso. For a company whose oldest products are notoriously high in sodium, this was a daring move that would require nimble and precise marketing messages.

Well, Campbell's efforts have proven highly effective, and Marketing Daily just named them their food marketer of the year. You can read the whole article here, but I just wanted to point out a couple interesting facts for the sake of this blog.

First, Campbell's introduced several new products last fall. They accompanied this introduction with an intensive multimedia campaign. Both these efforts surely required a large amount of capital, amids an economy that was already showing signs of instability at the time of their launch. But get this: when the mortgage/credit crisis struck its first big blow on September 29th last year, Campells was the only company in the S&P 500 to show gains on the stock market that day. But they didn't stop there. As the ecomony continued to reel, Campbell's quickly adapted their marketing messages to tout the frugality of a meal made with Campbell's soup. At the end of the year, company-wide sales were up 8% to $8 billion and net earnings were up an astounding 36% to $1.17 billion. In their first fiscal quarter of 2009, condensed soup sales alone are up 14%. Campbell's is in a comfortable position to release more new flavors this year and continue their marketing push.

What can careful advertising in a down economy do for your company?

That.

Hats off to BBDO New York for a great campaign that included use of cross promotion with Kraft and interactive text messaging. If you're in the Midwest and you find your company struggling in this economy, some skillful marketing by one of the area's most experienced retail advertising agencies might be just the trick. We can't say this enough -- marketing in a down economy works! And Meyer&Wallis knows how to do it.