P&G's beauty sales hurt by an unlikely headwind: A wastewater release in Japan
Publishing timestamp: 2024-01-23 16:07:07
Summary
Procter & Gamble's high-end skin-care brand SK-II saw a 34% decline in sales in the greater China region. The decline is attributed to factors such as China's economic recovery lagging and anti-Japanese sentiment due to Japan releasing treated radioactive water into the Pacific Ocean. However, P&G executives believe that consumer sentiment is improving and expect sales to turn around in the future.
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Keywords: japan, business, business news, procter & gamble co, retail industry, china, earnings, breaking news: business,