THE WHAT? The Estée Lauder Companies has cut its full year sales forecast, citing industry-wide supply chain issues and the rise of the Delta COVID-19 variant, according to a report by Reuters.
THE DETAILS The beauty giant has been hampered by ongoing pandemic restrictions in some parts of the East, which has affected demand for its lipsticks and foundations at retail stores.
The company now predicts a net sales rise between 12-15 percent in fiscal 2022, which is down from its previous estimate of 13-16 percent.
THE WHY? A global supply chain issue has created congestion in ports as well as a shortage of labor, which in turn has added to company expenses for the year.
However, Chief Financial Officer Tracey Travis stated that Estée Lauder was in ‘very good shape’ for the holiday season, commenting that the company had produced products early and used air freight to prevent delays.
Aesthetic medicine products are developed and regulated to meet stringent safety and efficacy standards. They are typically administered by trained healthcare professionals such as dermatologists, plastic surgeons, and specialized nurses in clinical settings. These products aim to provide effective solutions for cosmetic enhancement, skin rejuvenation, and overall aesthetic improvement, contributing to both physical appearance and self-confidence.
Key categories of aesthetic medicine products include:
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Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
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Skin Rejuvenation Treatments: Products like chemical peels, microdermabrasion systems, and laser devices are used to improve skin texture, reduce pigmentation irregularities, and enhance overall skin tone.
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Skincare Products: These include medical-grade cleansers, moisturizers, serums, and topical treatments containing active ingredients like retinoids, antioxidants, and growth factors. They are formulated to address specific skin concerns such as acne, aging, and hyperpigmentation.
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Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
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Body Contouring and Fat Reduction: Devices and products used for non-surgical body sculpting, such as cryolipolysis (cool sculpting) devices and injectable lipolytics.
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Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
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Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
