We don’t like to see any business suffer but being a HUGE beard fan (have sported one myself for the last 15 years) or man hair in general, we are not particularly saddened buy this.
Procter & Gamble Co. (PG) says a growing preference for shaggy styles is trimming razor sales. Beards are showing up all over, from the facial hair favored by Brooklyn hipsters to the solidarity beards sported by the Boston Red Sox baseball team, which in 2013 went from last place in their division to World Series champions. P&G even called out Movember, when participants grow mustaches to raise money for prostate cancer research. The event cut into grooming sales last quarter, Chief Financial Officer Jon Moeller said yesterday on an earnings call.
via Beards Trim P&G’s Sales as ‘Movember’ Fuels Hairy Look – Bloomberg.