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Tough Times Take Toll on Procter & Gamble's Sales in Thailand.
Byline: Sukanya Jitpleecheep
Apr. 3--Procter & Gamble (Thailand) Co expects to see flat sales for the year ending on June 30, for the first time since the economic crisis, citing the poor economic environment and heavy competition.
With expected local sales of 5.7 billion baht, the US consumer products company would miss its earlier growth target of 5-10 percent.
Average growth in the non-food product categories in which the company competed had contracted by around 2 percent in the last 12 months, managing director Jeffery Hansberry said yesterday.
Though some P&G products such as Oil of Olay skin-care and Head & Shoulders shampoo ...
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