The cosmetics market has not yet truly waited for the return of Chinese consumers.

The third fiscal year of fiscal year 2023, published by the International Merconomy Trieste (NYSE:EL), showed that during the three-month period ending 31 March, the net sales of the group had declined from 12 to $3.75 billion; net profits had dropped from $558 million in the same period of the previous year by 72 to $156 million.

The decline in performance was attributed mainly to high stocks due to the slow recovery of retail tourism in Asia, such as China and Korea, and to reduced back-up orders in the conduit while clearing stocks. According to management, global retail organic sales for tourism declined by 45 per cent this quarter.

This is the fourth financial year of the decline in the performance of Y poetry. During the first three fiscal years of 2023, the net sales of Y poetryland D declined by 13 per cent to $12,301 million, while the net profit ratio declined by 55 to $1,039 million. The problem of retail tourism is the most affected.

This situation will not be reversed soon. The Group’s Chief Executive Officer, Fabio Freda, stated at the financial exchange that “the recovery of the retail trade in tourism in Asia was more volatile than we had expected, other regions were slower, and the adverse effects of the fourth fiscal year were much greater than we expected in February”.

Ya poetandé has had to reschedule the year’s performance expectations. It is anticipated that the Y poetryland Group net sales of 2023 will be reduced by 10 to 12 per cent, as compared with the 2023 year; the net organic sales have declined by 5 to 7 per cent.

Investors have also finally lost their resilience. On the date of the release of the performance, the Ya poetry D’s share fell by a record rate of over 21 per cent, falling directly from around $245/equity to $200/equity. As of 5 May, the Ya poetryandey equity had recovered to $203.54/equity, with a market value of $777.5 million. However, in comparison with the beginning of the year, the stock price had fallen by nearly 20 per cent and the market value had evaporated by over $100 billion.

Commited to retail tourism, retailers are inventorying

As an important channel for transnational cosmetics, Y poetrylanddo has grown for over 30 years in retail tourism. The retail channels of tourism, now “proclaimed”, have arrogated companies with high growth.

According to media reports, Y poetryande addresses more than 3 billion consumers annually through this channel. Farbrizio Freda, Managing Director of the Ya poetry group, also indicated that the retailing of tourism had contributed to a significant increase in Y poetry D over the past decade.

On the basis of the rapid growth in retailing in sea and south tourism over the past few years, according to the Ya poetry group, during the new coronary outbreak in Hainan last July, the Group and retailers were able to restore confidence in the post-epidemiology market and procure a large number of products. However, since then, the failure to resume has resulted in a high stock of the channel, and retailers are still clearing stocks on the side, reducing procurement volume and ultimately leading to performance problems.

What are the retail channels of tourism driving the overall group’s performance? From the global retail business of tourism, in the fiscal year 2004, the marketing of the tourism retail business of Y poetry was about 6 per cent of the total year’s sales, and in the financial year 2021 it amounted to 28 per cent, exceeding one quarter of the group sales. In addition, retail outlets for tourism are leading the market share in the whole class of goods, such as the beauty, cosmetics, cigarettes and hairdressing of the Ya poetry group.

China’s retail market for tourism is even more important for the Ya poetrydo group as tax exemptions from the island develop rapidly during the outbreak. The financial year 2022 reported that the group’s largest client was selling products in Chinese retail channels for tourism. This is why the weakness of retail outlets for sea and south tourism has directly led to a sharp drop in net sales of the Ya poetry, from $2,395 million in fiscal year 2022 to $1,922 million in fiscal year 2023. The net sales of the sea blue, Ya poetry and Dr.art+ brands have declined.

As was mentioned at the exchange, in the last half of the year, although there has been an increase in the flow of tourists from Hainan, the transformation of cosmetics in the market is far from expected. In addition, it was noted that the “territorial price” of the commodity from the retail channel of the Ya poetandy has been plagued by many consumers.

Over the past two years, a large number of goods from the Korean and Japanese duty-free channels have been flown to the Chinese market through tax havens, with competition from various sources, such as stock saturation, webcasting and off-island duty-free access, and many of the asterisk products have been priced in the market “shooting the floor”. The brands of the Ya poetandy Group are typical.

Luren Lieberman, analyst of Barclay Bank, also questioned the control and voice rights within the retail operations of the Ya poetry group. At the beginning of this year, international cosmetics, such as Y poetry, raised sales prices, accompanied by discounts on retail outlets for tourism, which, to a certain extent, prevented consumers from “trading”.

Declining in-product orders and the reactivation of cosmetics markets

The plight of the Ya poetry group is not an example. Since this year, other cosmetics groups have not waited for Chinese consumers to return as expected.

As at 31 March, the volume of organic sales in China had increased by 2 per cent in the latest fiscal season, but the sales of the flagboard cos, SK-II, had declined in retail outlets for tourism because of the lack of large-scale return of tourists.

“In the minds of tragedy, there is nothing to think of it.” An international brand of cosmetics has described the current state of the market since this year. There have also been a number of cosmetics who have revealed that brand sales have been flat in the first quarter of the year, and that the recovery in cosmetics consumption is not as much as expected. “The economic environment is poor and cosmetics are reduced expenditures.” It was explained.

The group also noted during the latest fiscal year that the North Asia market in which China is located is growing at a rate of 1.9 per cent. Corporate management dialected, front-loaded guests returned, but sales had not recovered. The local cosmetics company, Beteeni, experienced a marked slowdown in the first quarter of the year in both the camp and the net profit increase.

This has also led to a contract reduction in upstream plants. A member of the international cosmetics giant factory stated that “the business was less optimistic than last year”. This gap is largely reflected in this gap.

According to the data, on May 10, the national highway truck flow was 7.213 million, an increase of 8.59% over April 18. The railway cargo delivery volume, cargo throughput of major ports and cargo and mail transportation volume of major international air ports showed an upward trend. The national highway toll stations and service areas were closed and closed to achieve “dynamic clearing”.

The Ministry of transport requires all localities to accurately implement truck traffic guarantee measures by classification, implement the requirements of “pick and go and chase” + “closed-loop management”, ensure the smooth passage of truck drivers with communication travel card number , establish a “white list” management system for truck drivers, and promote information sharing and accurate coding of truck drivers. In addition, measures to accelerate the investment of 100 billion yuan of refinancing for transportation, logistics and other fields were introduced to effectively help logistics enterprises and truck drivers solve practical difficulties.

Recently, “2021 annual meeting of leading entrepreneurs in China’s home furnishing industry” and “entering Red Star Macalline Smart Home Industrial Park and dingfenghui and 2022 annual meeting of Guangzhou customized home furnishing industry association” were held one after another. Industry leaders and elites from all walks of life gathered together to make suggestions for the development of the customization industry. Through their speeches, we may clearly see the keywords of 2022 customized home.

The following is a compendium of customized views (arranged according to the time sequence of activities):

Hao Jingxin, director of the Department of furniture design and engineering of Central South University of forestry and science and technology: China’s customized home furnishing industry is leading in the world. The development of the home furnishing industry has achieved fruitful results and is full of confidence in the future development of the industry.

Hu Peng, CEO of Zaoyi: the digital enabling customized home industry has expanded from a single panel home to customized industrial manufacturing of all categories in the whole house.

Left and right founder Lu Jianhua: Digital carries the last kilometer of home installation services, and creates the core competitiveness of end-to-end customized installation services by integrating the industrial chain.

Zhang Zichun, assistant to the chairman of Xiangjiang group: in the future, the high-quality development of the home industry should be open and cooperative. With continuous innovation, personalized customization mode and green, environmental friendly and personalized products, consumers’ flexible needs should be met.

Kaitu, head of business and products of Alibaba’s every flat and every house platform: in the face of the complex and staggered needs of consumers, making personalized and stylized products is a problem that the home industry has to face. Whether it is customer acquisition or delivery, efficiency is not only related to cost, but also the embodiment of service ability.

Wang Bing, President of Sofia home furnishing Co., Ltd.: Sofia has huge growth space. In the future, Sofia will explore the road of home furnishing development from three aspects: environmental protection, user service and enterprise operation.

Chairman of Marge home: no matter in which era, pragmatism is the essence of being an enterprise. Marge does a good job in the home industry with professionalism, focus and perseverance.

Qian ye, general manager of Sofia group’s new retail center: the live broadcast is a new track. Although the decision-making cycle is long for users, as long as they go one way, they can copy these capabilities to dealers.

Zhang zekui, general manager of sina home in South China: for the home industry, from brands to dealers to stores, we should have a clear understanding of live e-commerce. This understanding should be in line with our own enterprise development stage in order to better enable the high-quality development of enterprises.

Chairman of Huanai home: China’s home industry should take the road of high added value, that is, break the internal industrial pattern in terms of service, consumption experience and innovation, and truly achieve differentiated services.

Wu Shengfu, vice president of China Forest Products Industry Association: Green smart manufacturing is the trend of home development in the future. China forest products industry association will also launch green development standards for the home industry to promote the rapid development of the industry.

Zhang Ting, Deputy Secretary General of China Furniture Association: China Furniture Association will establish a decoration and customization committee to broaden the development space of enterprises.

Wang Tianbing, President of Guangzhou customized home industry association: the association will establish an industrial development center to ensure the relocation of small and medium-sized enterprises under the normalization of the epidemic. The establishment of the home industry park is also in the process of docking with relevant government departments, and preliminary results have been achieved.

Yang Feng, founder of dingfenghui: in the face of the diversified operation of the home industry and the continuous emergence of diversified channels, the rapid development of the whole decoration industry injects new vitality into the home industry, and the whole decoration will also lead the future.

Ning Guoyan, Deputy Secretary General of China Wood Protection Industry Association: under the complex market environment of rising raw material prices, the whole house is extended to the whole house, and it is of great significance to promote the high-quality development of whole house customization.

Guo Mingxin: the difficulties are only temporary. The national domestic demand market has brought great development space for the home furnishing industry. In the future, opportunities and challenges will coexist. I am full of confidence in the Chinese market.

Zeng Dongyi, director of Guangxi Regional Investment Promotion Department: Hongxing Macalline Guangxi business development center will build 43000 square meters of high-end customized Pavilion in 2022, which is the top priority of Hongxing Macalline.

Cai Wenhua, general manager of Guangdong Xinghui Hardware: Xinghui hardware will flexibly respond to the personalized development of customized furniture and cooperate with packaged customization enterprises to develop personalized products more suitable for market demand.

Tang Ren, President of China decoration Research Institute: it is the general trend for home enterprises to carry out decoration transformation, and decoration will also change the development pattern of home industry.

Wang Tianbing, founder of jinmusanfen Gaoding: in the face of the general trend of consumption upgrading, high appearance and high cost performance have become the development trend. Jinmusanfen will speak with products and use products for marketing.

Li Peng of oupai home group: the whole customization is based on the needs of consumers. The bag occupancy market is large, and the whole customization is an efficient system for the layout of hardbound rooms, which has obvious growth space.

Zeng Xiangwei of milanna home: any business model is based on the needs of consumers. Milanna will benefit consumers with ingenuity based on the market environment with higher requirements for home life quality.

Yuan Dan: one stop solution to the demand for household products is the main track in the future. Imperial household will produce more products, face more channels and continue to increase the proportion of “bag check-in” enterprises.

Han Feng, founder of Guiren help: the whole house customization to the whole customization concept reflects the “inner volume” of the customization industry, but it helps consumers buy products with high appearance, high cost performance and high quality, and promotes the benign competition in the customization industry.

According to the views of big coffee on the customization industry, it is not difficult to see that “consumers”, “personalization”, “whole family”, “low carbon” and “digitization” are high-frequency words, and they are also the top priority in the development of the customization industry at present. Around the needs of consumers, produce products that meet the needs of consumers and meet the personalized products of consumers. At present, the customized products of the industry have been close to the “whole family”, and the benign “inner roll” of the industry is promoting the rapid development of the industry. At the same time, actively practicing the national “double carbon strategy” and “digital operation” are still the development focus of each customization enterprise and the “winning key” of customization enterprises.

What kind of experience is it to wear furniture on your body?

Jeremy Scott, whose brain is wide open, gives full play to his usual strange imagination. Inspired by furniture, he combines elements such as knives and forks, pendulums, candlesticks and wine barrels with clothing to perfectly deduce the charm of the coexistence of elegance and curiosity. This is probably the picture of “furniture becomes essence” in the film beauty and the beast!

Jeremy Scott’s imagination has always been his specialty, and his special design style also makes his works highly recognizable. This time, he integrated the concept of luxury mansion into the whole series and put the banter on the show. The right sense of humor is really admirable!

In addition to the bizarre and interesting fashion, MOSCHINO’s horse catching show will never disappoint people! This season’s scene is inspired by the bedroom scene of the film “Space Odyssey”, which seems to be leading the audience to visit MOSCHINO’s exclusive fashion furniture city. The unique visual experience has left a deep impression on the public.

If you stumble into the back garden of England at the fashion week show, don’t be surprised, because the colorful flowers come together, and the beautiful rich colors will dazzle people. Richard Quinn’s big print show brought people back to appreciate the complexity. This collection of bizarre interests and fetish elements successfully made the honor list of “the most expected show of London Fashion Week”.

The eye-catching show ended in a more eye-catching way. LIA moss, the daughter of supermodel Kate Moss, came out at the end of the show wearing a white satin dress inlaid with gem flowers. The flower headring and feather decoration added a little more playfulness and sweetness to the overall shape, which was a little more Aura compared with the previous fashion.

In the era of rapid digital development, fashion and technology are also intertwined vigorously. At 2022 New York Fashion Week, Maisie wilen released the autumn and winter series created by holographic images. Models incarnate strange “monsters” in special effects to show fashion in a different way and present a new dream world.

“It makes the audience have an incredible experience of digital things, but also very vivid.” Maisie Schloss has been exploring how digital and fashion can blend, hoping to make the boundary between reality and fantasy lifelike through visual illusion.

Grotesque is always inseparable from the ancient dark fairy tales. When the noble Irish princess was magically turned into a swan by a witch, the models looked like wearing Simone Rocha costumes.

The folds of the skirt add a clear sense of hierarchy, tulle lace is noble in romance, and the fairy tale classical dream is created.

The combination of gorgeous velvet and transparent tulle interprets the unique noble spirit of the royal family. The embellishment of pearls and diamonds makes each set of look jump repeatedly in elegance and playfulness, constantly echoing the theme with fairy tales as the background, and the eye makeup surrounded by flash diamonds may become a new trend in the makeup industry.

The details of the whole show are exquisite and luxurious, and Simone Rocha’s consistent aesthetic style is vividly displayed.

In the fashion industry, the grotesque and interesting beauty is always irresistible. Although not everyone can appreciate it, fashion has the energy of embracing all rivers, and its diversity and tolerance will always leave a place for the grotesque style.

Creativity and practicality are never a pair of antonyms, nor are they a pair of irreconcilable contradictions. Intelligent fashion artists can always break through the traditional way of thinking and explore more possibilities of fashion inspired by all things in the world.

Let’s approach fashion week to taste the balance between creativity and practicality.

Some people say that “as long as it’s autumn and winter, no one will fall into maxmara’s softness”. If you don’t agree with this sentence, maxmara’s latest show will convince you.

The popular “Teddy Bear” fabric has a new look and is widely used in skirts and shorts to continue the brand’s consistent maturity and steadiness.

Fashion is inseparable from modern aesthetics. Conceptual geometric patterns inject vitality and energy into fashion, and the colors inspired by tapestries also make winter warmer and more textured. Using “dramatic tension” to describe fashion doesn’t sound very appropriate, but maxmara did. The new series presents the contrast effect of small and large, tight and silhouette, which makes fashion full of interest.

Diesel has always been an expert in playing with cowboy elements in fashion brands, but in the past two years, the Cowboy brand seems to be less “Diesel”, but only through bold innovation can the brand radiate infinite vitality.

In the autumn and winter of 2022, diesel on the show ushered in a new fashionable image, which is subversive, sexy, smooth and playful. At present, the hottest elements are gathered together.

After adding deconstruction, Y2K, functional style and other elements, the original thick tannin is shaped into a young and modern style, rebellious and casual, as if it had returned to the heyday of the early millennium.

The road of opening a new style is always full of unknowns, but the adventurous spirit of exploration must not be less. One more step forward may be success.

How can there be less rejina Pyo in the wardrobe of urban beauties? Windbreaker coat, painting printing, light color suit… Minimalist style provides an excellent wearing template for urban women.

The practicality of clothing has always been one of the purchase standards of the public. This season, reijina Pyo not only adheres to the beautiful design, but also takes into account the real wearing experience and considers “the feeling of women wearing this suit”.

Retro casual fashion can easily wear a sense of fashion, whether it is the brand’s iconic “Greta” bubble sleeves, fresh and bright light green colors, or low-key retro Khaki patterns, as if all say: I can be as elegant and charming as the girl on the poster. With delicate