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Beards Killing Shaving Industry

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Spending up on skin care.

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Carlo Allegri / Reuters

As beards, mustaches, and campaigns like “No Shave November” and “Movember” gain in popularity, the shaving industry in the U.S. has taken a hit. Americans’ spending on shaving razors and blades fell for the first time since the Great Recession, to $2.3 billion. At the same time, men’s skin care saw the largest growth of any men’s grooming industry. Spending rose 7 percent to more than $260 million.

Read it at The Washington Post