THE WHAT? AmorePacific has reported its results for the first quarter of fiscal 2023. The K-beauty behemoth saw profit plummet 59.3 percent to KRW64.4 billion while revenue dropped 21.6 percent to KRW913.7 billion.
THE DETAILS The Domestic business suffered as the much-awaited return of Chinese tourists failed to materialise. Travel retail revenue was down by double digits, hitting Domestic revenue and operating profit hard despite department store and multi-brand shop channels reporting sales growth.
It was a similar story in the Overseas unit – where China accounts for some 50 percent of Asia sales. Despite an impressive 80 percent growth in North America sales and 94 percent uptick in EMEA revenue, Overseas revenue was down 17 percent and operating profit declined 37 percent.
THE WHY? AmorePacific attributed its decline to weak demand and restructuring of the offline channel in China. Despite its efforts to diversify into new markets, the owner of Sulwhasoo continues to be heavily reliant on the subdued Chinese market.
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.
