SK-II skincare sales hurt by anti-Japan sentiment in China
Boycotts usually don't last long and consumers tend to forget what all the noise was about in the first place.
South Korea had its own not so good situation recently, when many Japanese products were boycotted and even Uniqlo was forced to close some of its stores.
But that was then as now South Korean tourists are heading to Japan in record numbers.
At the same time, there are Chinese tourists heading to Japan, even though there might be some media situations causing the not so good situation.
Again consumers, overall, tend to forget what all the noise is about and they get
back to buying buying what they like despite all of the background noise.
Unfortunately, much of the noise is media related, such as the conservative or
liberal media keeps up the noise and people see and hear what is going on
everyday.
SK-!! is a good example of what companies need to do in jus wait out
the situation, keep promoting the products or brand and consumers eventually
will come back.
Unfortunately, consumers in some countries tend to get carried away with
boycotts, but most people in a country are far too busy to think about boycotts
everyday and they just want to go about their lives with not engaging in all the noise.
Most likely, because of past transgressions by Japan in the past, there might be
situations which happen every now and then and its not easy to solve and the
media has a role in making sure the situation doesn't continue to be a major
situation.
Brands always bounce back and sales get back to normal after all of the noise is
crowded out by consumers who just want to buy they like, despite all of the
political noise surrounding a situation.
SK-!! tend to be higher priced brand but that doesn't stop consumers from buying
the brand or product. And even prices increases might not affect the demand that
much if the product or brand, such as Apple as a example are already higher
priced and a price increase, for most consumers who like a product or brand
don't even notice a price increase.
Have a nice day and be safe!
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