Yes, the order can matter. A common approach is to do your global color correction and grading first, then retouch in Photoshop.

Why: after retouching, the edited areas can respond a little differently to later color adjustments than the surrounding skin or background. If you apply strong color changes after retouching, those retouched areas may become more noticeable.

So a practical workflow is:

1. Start with Lightroom for overall exposure, white balance, and color/look.
2. Send the image to Photoshop for skin retouching and detailed local edits.
3. If needed, make only small final tweaks afterward.

In short: it’s usually safer to do major color work before detailed retouching, especially for portraits and fashion images where smooth skin transitions matter.