as it restructures in bankruptcy, and some store closures will include locations where Sephora operated its shop-in-shop. Before the bankruptcy, Sephora operated about 600 shops inside of JCPenney department stores, which it calls SiJCP. Sephora has about 2,600 locations worldwide.
A representative for JCPenney did not immediately return Business Insider's request for comment on Sephora's layoffs. "For JCPenney, it is both a driver of revenue and, more importantly, a driver of foot traffic into the store. Having a Sephora in a store also allows JCPenney to capture some of the younger shoppers that would not otherwise venture in," Neil Saunders, managing director at GlobalData Retail, said in comments emailed to Business Insider.
In 2019, UBS analysts went as far as saying that having a large presence at JCPenney and in malls — where customer foot traffic has dwindled — wasAccording to UBS research done at the time, Ulta had a store within a 10-minute drive of 78% of the Sephora locations inside JCPenney stores.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside TikTok star Dixie D'Amelio's music business, making 'Be Happy' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TikTok is a China spy app!!! Don't use it. BanTiktok You dont need major record label nowadays.. You can literally record it at home, and as long as you have the croud just like she did, the song will be doing well
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside TikTok star Dixie D'Amelio's music business, making 'Be Happy' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the life and career of Robert Mercer, a former Trump mega donor - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Publicly absent. Mr. Mercer should pay his taxes instead of throwing money at politicians. seen Trump's true colors for what he really is
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to use cold emailing to land a job or internship on Wall Street - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Working on Wall Street could be great but working for yourself building assets is even better! Start a side hustle and invest the extra cash.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Glassdoor and Indeed partner on new hiring tools for job seekers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The May and June jobs comeback didn't solve double-digit unemployment - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Oh well dems and rinos keep closing everything Roaring And than you say double digit unemployment... Who writes these headlines The WH?!?
Source: BusinessInsider - 🏆 729. / 51 Read more »