Medical aesthetic products. Troubled German department store Galeria Karstadt Kaufhof to shutter 40 percent of outlets 

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THE WHAT? Yet another German department store is in trouble, with Galeria Karstadt Kaufhof having announced it is to close 40 percent of its outlets, an announcement that comes just months after it filed for insolvency protection for the second time, according to a report by AP News. 

THE DETAILS The chain will close 52 of its 129 stores across two phrases in June 2023 and January 2024. 

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The remaining stores will be rejuvenated over the next three years and tailored to local needs. 

Some 4000 employees will be affected by the closures, with a further 300 jobs to be cut at the Essen headquarters and departments such as IT and facility management. 

THE WHY? The ongoing challenging economic circumstances in Germany were cited as a reason for the closures, as well as ‘local conditions’ and ‘intensive negotiations’ with landlords and city authorities. 

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.

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