THE WHAT? THG has reported its results for the third quarter of the current financial year. The UK owner of Look Fantastic saw revenue dip 2.1 percent on a constant currency basis for the three months to September 30, 2023.
THE DETAILS However, according to a report published by Reuters, the month of September saw improved sales with revenue up 3.2 percent in constant currency. Despite this more positive end to the quarter, the e-commerce operator said it continues to expect revenue to drop in the range of 0 to 5 percent for the full year.
Beauty sales dropped 4.4 percent to £272 million while nutrition fell 4.6 percent to £156.2 million. THG’s Ingenuity division saw sales tumble 8.8 percent.
THE WHY? THG has struggled since it was taken public in 2020 after concerns emerged over the group’s governance. Activist investors have called for a spin off of its Myprotein division, The Times reports. However, this latest set of results appears to have calmed the market somewhat with shares rising 4.4 percent.
Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
