THE WHAT? AmorePacific has announced its results for the fourth quarter of fiscal 2023. The K-beauty behemoth saw revenue drop 14.9 percent to KRW926 billion while operating profit plummeted 63.7 percent to KRW20.7 billion.
THE DETAILS Both the Domestic and Overseas units lost ground, with revenue down 11.6 percent yoy for the former and for the latter, diving 18.3 percent.
THE WHY? AmorePacific revealed that, on the domestic front, while its multi-brand shop channel sales posted more than 50 percent growth, travel retail experienced a double-digit decline. Meanwhile, the overseas business continued to be hit by loss from the China business.
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
