Sephora news and archive

Kohl’s posts sales and earnings decline

Kohl’s third quarter net sales decreased 8.8 percent to 3.5 billion dollars and comparable sales decreased 9.3 percent. Gross margin was 39.1 percent, an increase of 20 basis points, operating income dropped to 98 million dollars and net income declined to 22 million dollars or 20 cents per diluted share. The company said in a release that Kohl’...

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LVMH selective retailing head to retire

Christopher de Lapuente is believed to be retiring from his position as CEO and chairman of Selective Retailing at the luxury group LVMH. According to an internal memo seen by WWD, de Lapuente is scheduled to step down on October 31, after which he will also no longer be a member of LVMH’s executive committee. It brings to an end an almost 20...

Business|Beauty

Sephora UK appoints DHL to manage its supply chain network

Beauty retail brand Sephora UK has appointed DHL Supply Chain as its lead logistics provider for the next five years and unveiled a new omni-channel distribution centre to support its retail growth strategy in the UK. Through this partnership, DHL will be responsible for warehousing, e-commerce fulfilment and Sephora’s UK transport network to...

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Slump in luxury spending slows LVMH sales growth

LVMH Moët Hennessy Louis Vuitton recorded revenue of 41.7 billion euros in the first half of 2024, achieving organic growth of 2 percent but down 1 percent reported. In the second quarter, organic revenue growth was 1 percent. The luxury conglomerate said in a statement that the growth continued over the first half period despite a geopolitical...

Retail|Beauty

Sephora UK rolls out ‘MySephora’ loyalty programme

Sephora UK has launched a new loyalty programme, which it states gifts the “sense of exclusivity" to its customers. ‘MySephora’ is a new enhanced points earning system that will offer rewarding experiences and exclusive benefits via a three-tiered programme across gold, silver and bronze, which will be accessible via desktop, mobile and the...

Business

LVMH posts Q1 organic revenue growth of 3 percent

LVMH Moët Hennessy Louis Vuitton recorded revenue of 20.7 billion euros in the first quarter, down 2 percent reported, while organic revenue growth was 3 percent. LVMH said in a statement that the company had a good start to the year despite a geopolitical and economic environment that remains uncertain. While Europe and the United States...

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Sephora names Xia Ding as managing director of Greater China

Beauty retailer Sephora has appointed Xia Ding as the managing director of Greater China. Based in Shanghai, Ding will directly report to Asia president, Alia Gogi. Prior to Sephora, she spent five years as vice president & general manager of e-commerce Asia Pacific and Latin America at Nike. Commenting on Ding’s appointment, Gogi said in a...

Retail|Beauty

Sephora to open two stores in Newcastle

Beauty emporium Sephora is continuing its UK expansion with two new stores set to open in Newcastle this autumn. Sephora said it will open a 6,515-square-foot store at Eldon Square and a 6,180-square-foot unit at the MetroCentre, offering local customers “an unparalleled shopping experience” and brands across make-up, travel, fragrance,...

Retail|Beauty

Haus Labs by Lady Gaga expands in Europe

Science-driven, clean make-up brand Haus Labs by Lady Gaga is expanding across 12 new countries in Europe with Sephora. The beauty brand will arrive in Sephora stores and online from March 26 in France, Italy, Spain, Portugal, Sweden, Denmark, and Germany. It will also be online only in Switzerland, Greece, Romania, Poland and the Czech...

Business

Sephora exits South Korea after yielding to stiff competition

LVMH-owned cosmetics giant Sephora has closed up shop in South Korea after struggling to capture a solid foothold in the market. The closure comes four years on from when the brand first stepped into the region, with the opening of a flagship store in Seoul’s Gangnam district which was followed by five more store openings. The move had initially...

Business

Anca Marola named global digital director at Sephora

Having worked within the LVMH Group for ten years, Anca Marola has now been appointed global digital director (CDO) of Sephora, the luxury group's chain of stores selling perfumes and cosmetic products. It was in 2014 that Marola joined the LVMH Group as its CDO and, from 2015 to 2017, she was in charge of Moët Hennessy's development in the US....

Retail|Beauty

Sephora to open in Manchester in 2024

Beauty retailer Sephora is continuing its UK expansion with a third store opening at the Trafford Centre in Manchester next year. Following the success of its two store openings in London, the new Manchester location will feature 5,382 square feet of sales floor space, providing “an immersive and unparalleled shopping experience for beauty...