Sephora lost $6 million in FY19, and Covid-19 has made it worse

Sephora-HK-1280x720.jpg

Sephora has decided to close all North-American stores through April 3. In a statement, the brand states that corporate employees will be working from home, while retail employees will be compensated during their time off. “Following guidance from public health authorities, we understand that practicing social distancing and reducing dense public gatherings as much as possible is critically important at this time,” the company wrote. “This is truly a global effort that requires all of our participation.”


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X