Not Shaving Hurts Razor Sales
RENEE MONTAGNE, HOST:
And now for our last word in business: Beardonomics(ph).
We often hear about companies making cuts in the last few days. We're hearing that the trend of not shaving is shaving razors maker's bottom line.
STEVE INSKEEP, HOST:
Procter & Gamble says the trend of letting facial hair grow is hurting sales in its razor division. The company even singled out Movember - that's the 10-year-old tradition of men not shaving in November to promote awareness of prostate cancer. My daughters have forbidden me to participate but apparently, many men do.
MONTAGNE: And skipping a daily or even weekly shave is becoming so popular, throughout the rest of the year, hipster mustaches have Procter & Gamble rethinking its hair strategies. It says it's going to focus on other hair grooming products, with a marketing push toward getting into shave all the rest of their body hair - something known as manscaping.
INSKEEP: Too much information.
MONTAGNE: And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.
And I'm Steve Inskeep. Transcript provided by NPR, Copyright NPR.