Sephora Opening 260 More Stores in 2021, Including Sephora

18 Apr

Sephora is planning to open 260 stores in 2021, the sweetness retailer’s largest U.S. store expansion to this point. The brand new stores shall be a mixture of 60 freestanding Sephora stores and 200 Sephora at Kohl’s locations. In a press release, Sephora said the move indicates its “confidence” in brick-and-mortar retail, despite increases in e-commerce sales in the course of the pandemic. Jean-André Rougeot, Sephora Americas chief executive officer, recently said Sephora’s online sales in North America were nearing $3 billion. Recent freestanding Sephora locations have begun to open this month, with stores planned across the Pacific Northwest, Florida, Texas, Los Angeles and Nashville, Tenn. Sephora said the brand new stores will feature “sleek architectural and visual design” and “latest lighting enhancements.” Sephora...

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24 Nov

Kohl’s Posts Q3 Declines, but Cites Progress on Strategic Initiatives

by Beautifaire101

Beauty, Featured

Updated Nov. 21 at 11:37 a.m. EST Kohl’s Corp. last quarter continued to yield sales and profit declines, but raised its bottom-line outlook for the yr and cited progress on turnaround strategies. On Tuesday, the Menomonee Falls, Wisc.-based retailer reported that its net income for the quarter ended Oct. 28 fell to $59 million, or 53 cents per diluted share, beating expectations of 35 cents. Within the year-ago period, net income reached $97 million, or 82 cents per diluted share. Operating income was $157 million in comparison with $200 million within the prior yr. As a percentage of total revenue, operating income was 3.9 percent, a decrease of 82 basis points year-over-year. Net sales decreased 5.2 percent year-over-year, to $3.8 billion, with comparable sales down 5.5...

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23 Oct

Kohl’s Polishes Its Holiday Presentation

by Beautifaire101

Beauty, Featured

Holiday 2023 is an enormous test for whether Kohl’s latest management is getting it together. No drastic changes in the vacation presentation are afoot, but loads of the more-expected type — like a give attention to gifts and comfy fashions — have been orchestrated, and may positively impact fourth-quarter selling after seasons of losing market share. What is going to holiday shoppers notice at Kohl’s? A stronger emphasis on gifts, home decor, Sephora, pet supplies, impulse items by checkout areas, fashions focused on “cozy” styles, dress-up styles, flannel, faux leather, the colour red, sparkle, Western boots, simplified and clearer pricing and value offers, and greater convenience. “We all know what we stand for,” Nick Jones, the chief merchandising and digital officer of Kohl’s...

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23 Aug

Kohl’s Sees Steep Q2 Declines But Reassures Wall Street

by Beautifaire101

Beauty, Featured

Kohl’s Corp., faced with softening consumer demand, saw steep declines in each the highest and bottom-lines in the course of the second quarter, but the outcomes fell in step with the retailer’s expectations. Net income for the period ended July 29 was $58 million, or $0.52 per diluted share. This compares to net income of $143 million, or $1.11 per diluted share within the prior 12 months. Operating income was $163 million in comparison with $266 million within the prior 12 months. As a percentage of total revenue, operating income was 4.2 percent, a decrease of 233 basis points year-over-year. Net sales decreased 4.8 percent to $3.7 billion, from $3.86 billion within the year-ago period. Comparable sales were down 5 percent. “I might think that in...

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