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14 Apr

Design Firms to See Regular Sales; Consolidation in 2023 

MILAN — Little question, the pandemic era was a time to focus on one’s living and private working space. This renewed sense of pride in the house and office fueled substantial growth and consolidation for the design sector’s players across the globe last 12 months, a trend that is anticipated to persist throughout 2023.   “We see potential for a 5 to 7 percent CAGR (compound annual growth rate) as a stable range of growth in the long run,” Claudia D’Arpizio, a Bain & Co. partner and Global Consumer Products and Retail lead told WWD. “Within the short term, we see headwinds emerging within the U.S. and Nordic countries, mostly linked with rising mortgage rates slowing down real estate. At the identical time,...
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8 Jan

They Were, They Are: Culture News to Watch in 2023

2022: What a weird 12 months, indeed.  It was the 12 months we discovered the term “nepo babies” (and debated their validity), the 12 months we passed time on Wordle and the 12 months we debated if Harry Styles really did spit on Chris Pine in Venice (something that definitely was not on WWD’s 2022 Bingo card). Celebs and fashion folk alike rallied around crypto only to have it blow up of their faces, and lots of users debated leaving Twitter after Elon Musk’s rocky acquisition of the social media platform. It’s hard to assume a time once we weren’t aware of Julia Fox and her penchant for a barely there fit, yet it was only in early 2022 when the “Uncut...
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1 Jan

Exclusive: Macy’s and Pure Beauty Salons to ‘Discontinue Their

Pure Beauty Salons, a sequence that operates a few of its locations in Macy’s stores nationwide, is the most recent casualty of retail store closures in 2022. In a press release to WWD on Friday, a representative for Macy’s Inc. confirmed Pure Beauty Salon will now not operate in its stores in 2023. “After careful consideration, Macy’s and Pure Beauty have decided to discontinue their partnership in roughly 20 locations. Pure Beauty Salon’s last day of operation is December thirty first, 2022. These decisions are at all times difficult but Pure Beauty at Macy’s is grateful to have served our communities and our customers.” On Dec. 22, a Pure Beauty Salons location at Macy’s Ala Moana Center in Honolulu, Hawaii,...
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