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Product Launches Aid Nu Skin (NUS), Macroeconomic Hurdles Ail
NUSNu Skin(NUS) Zacks Investment Research·2024-01-08 17:03

Core Viewpoint - Nu Skin Enterprises, Inc. (NUS) is advancing its Nu Vision 2025 strategy to become a leading integrated beauty and wellness company, leveraging technology and product programs to capture market share despite facing macroeconomic challenges [1][6]. Product Launches - NUS is launching innovative beauty devices, including the ageLOC TRMe personalized weight management system and ageLOC WellSpa iO, enhancing its growth strategy [2]. - The company has successfully introduced its Vera and Stela apps across all markets, further solidifying its position in the beauty device sector [2]. Strategic Initiatives - The Nu Vision 2025 strategy focuses on personalized beauty and wellness, social commerce, and digital platform expansion, aiming to improve customer engagement and recurring revenues [4][5]. - The EmpowerMe strategy is designed to empower affiliates, enhance product consumption, and increase customer lifetime value [4]. Operational Developments - NUS is implementing cost-control measures and has acquired BeautyBio, a clean skincare and beauty device brand, to strengthen its market position [3]. - The company has launched Equinox, a new global e-commerce platform in North America, expected to enhance customer experience and operational efficiency [5]. Market Challenges - NUS is facing persistent macroeconomic obstacles that have negatively impacted consumer spending and customer acquisition, particularly in Mainland China and the Americas [6]. - The company's stock has decreased by 3.4% over the past three months, contrasting with the industry's 3.2% growth [6].