For years, the mens razor has been the object of a supercharged R&D competition, as manufacturers kept adding the number of blades and and other such gimmicks as battery-powered vibrating heads. But recent news suggests that the razor is loosing its shine. Last month, Procter & Gamble, which rules the category with Mach-3-maker Gillette, said its razor sales are falling in major
markets. This followed an announcement by Energizer that unit sales of its Schick mens razors have dropped 10% in the past year. Euromonitor credits falling sales with: the vogue for stubble and a growing acceptance of the unshaven look in the workplace. Theres another problem. If markets in the developed world are leading the stubble and beard trend, markets like Asia, mainly
China, will be of little help. Men in China, Hong Kong, Thailand, Nepal have relatively little facial hair.
To put it simply, todays cool dudes with their elaborate moustaches and beards or stubble are killing razor sales. Euromonitor predicts that the hairy trend will continue for some years, so for companies involved in male grooming, its going to be a close shave.