THE WHAT? Bed, Bath & Beyond is once again preparing to file for Chapter 11 proceedings, according to a report published by The Wall Street Journal.
THE DETAILS The beleaguered US retailer is said to be on the brink of bankruptcy after failing to raise the US$300 million it needed to stave off liquidation via share sales. A spokesperson for Bed, Bath & Beyond declined to comment when contacted by the Wall Street Journal and the brand’s investor website was yet to be updated with new filings at the time this story was filed.
THE WHY? Bed, Bath & Beyond was hit hard by pandemic-related restrictions and has seen little improvement since. Comparable store sales plummeted 40 to 50 percent in the three months to February 25, 2023.
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
-
Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
-
Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
-
Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
-
Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
-
Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
-
Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
-
Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
-
Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
