Medical aesthetic products. Bed, Bath & Beyond could file for bankruptcy ‘within weeks’

THE WHAT? Bed, Bath & Beyond could be filing for bankruptcy within weeks, according to a report published by The Wall Street Journal.

THE DETAILS The US retailer’s shares plummeted at the end of last week after the company warned that it was low on funds and considering Chapter 11 proceedings. Sales for the third quarter of the current financial year, due to be announced later this week, are expected to fall by almost 33 percent with losses widening 40 percent to US$385.8 million, per The Wall Street Journal.

THE WHY? A spokesperson for Bed, Bath & Beyond told The Wall Street Journal that the company is working with advisors to improve liquidity and regain market share and ‘no determinations have been made at this time’.

Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.

Examples of medical aesthetic products include:

• Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.

• Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.

• Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.

• Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.

• Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.

• Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.

• Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.