WWD (World Wide Web Design)
WWD (World Wide Web Design) is a leading source for fashion and beauty industry news. With sales reaching a record $245.17 billion in 2023, the landscape of the beauty industry shifted significantly due to consumer purchasing power and market conditions. The biggest sales gainers, such as Rare Beauty and E.l.f., demonstrated that when consumers are engaged, they continue to buy despite economic challenges in China and Asia travel retail. However, companies with a broader portfolio across distribution channels performed better than those focused on the premium market due to the impact of China's economy on their sales. Skin health and dermocosmetics continued to accelerate, benefiting brands like L'Oréal; Laboratoires Pierre Fabre, whose Avène brand broke the €1 billion sales barrier; Galderma; Caudalie; Naos, and Nuxe. Despite challenges in China and South Korea's LG H&H and Amorepacific, the majority of companies saw sales increase year-over-year. Of just 21 players registering sales declines, they were less severe than a year ago with none falling by more than 20%. Total sales for all 100 companies increased by 5.3% to $245.17 billion, a record number that is also above the pre-pandemic sales of $227.6 billion.
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The Daily's Verdict
This news site is known for its high journalistic standards. It strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. It has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
100%
Examples:
No current examples available.
Deceptions
100%
Examples:
No current examples available.
Recent Articles
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Kesha and Kyle Richards Dazzle in Standout Looks at The Posse x GLAAD Pride Party
Broke On: Friday, 07 June 2024![Kesha and Kyle Richards Dazzle in Standout Looks at The Posse x GLAAD Pride Party](https://wwd.com/wp-content/uploads/2024/06/posse-pride-party-fi.jpg?w=1000&h=563&crop=1)
Kesha and Kyle Richards Dazzle in Standout Looks at The Posse x GLAAD Pride Party
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Jennifer Lopez Shuts Down Reporter Trying to Discuss Her Marriage Status During Netflix Press Conference
Broke On: Tuesday, 21 May 2024![Oprah Winfrey Apologizes for Promoting Diet Culture and Shifts Focus to Body Acceptance and Medical Interventions](https://i.abcnewsfe.com/a/995e3953-52a2-41c7-8456-6805bf72aae0/oprah-weight-watchers-ht-3-thg-240510_1715381134189_hpMain_16x9.jpg?w=1600)
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Broke On: Thursday, 09 May 2024![Met Gala 2024: Amelia Gray's Yellow Terrarium Dress Stuns, Janelle Monae and Greta Lee Go Nearly Nude - A Look at the Most Memorable Fashion Moments](https://nypost.com/wp-content/uploads/sites/2/2024/05/met-gala-comp6-1.jpg?quality=75&strip=all&w=1024)
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NAACP Image Awards 2024: Usher, Fantasia Barrino and New Edition Win Top Honors
Broke On: Sunday, 17 March 2024![Under Armour CEO Kevin Plank Returns to Lead Company After Stephanie Linnartz's Departure](https://content.fortune.com/wp-content/uploads/2024/01/Stephanie_Linnartz_hires.jpg?resize=1200,600)