The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Replacing Kohl’s existing beauty offering online and in-store, Sephora will open outposts in 200 Kohl’s stores in autumn 2021, with a view to expand to at least 850 locations by 2023. The shop-in-shops will be staffed by Sephora-trained sales advisors and stock an edit of over 100 brands.
The announcement follows news of a similar tie-up between Target and Ulta in November, as big-box essential retailers become strategic distribution networks for the beauty and personal care market. This isn’t Sephora’s first long-term retail partnership: since 2009, the beauty store has had a deal with JC Penney, which is just emerging from bankruptcy with plans to close hundreds of stores.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.
The performance coach and Allbirds’ co-founder discuss the transformative power of togetherness in fostering a culture of excellence.
The sportswear giant posted flat sales in its latest quarterly report, beating Wall Street expectations. To fully recover, the business must demonstrate greater product innovation, analysts say.