P&G executives on a conference call today said Red Bottom Shoes that new regulations in Venezuela, where sales are more than $1 billion, forced price Red Bottom Heels cuts as steep as 25 percent. U.S. consumer companies including P&G, Colgate-Palmolive
Co. and Johnson & Red Sole Shoes Johnson have had to slash prices on products such as toothpaste, toilet paper and bleach Oakley Outlet after President Hugo Chavez installed price caps to slow inflation. The revenue from Venezuela is about 1.2 percent of P&G's $82.6Cheap Oakley Sunglasses billion in sales last year.
Chief Financial Officer Jon Moeller said sales shipments in developed markets Oakley Sunglasses declined slightly in the fiscal third quarter, "reflecting weak economic conditions." Beats Studi North American sales volume was unchanged in the last three months while Europe Beats Dre Headphones was down about half a percentage point from the year-earlier period.