What Kohl’s Sephora partnership means for the future of department stores

After a decade-long partnership with JCPenney, Sephora is now striking a deal with one of its rivals to reach new customers.

On Tuesday, Kohl’s announced that it had secured a partnership to open 850 Sephora shop-in-shops within its stores by 2023, the first of which will open next year. For the past 16 years, Sephora has operated shop-in-shops within JCPenney stores. That deal is set to expire by 2023. A JCPenney spokesperson told Modern Retail in an email that the company is focused on, “developing a new, inclusive beauty concept that offers our customers a wide array of product,” while the Sephora partnership winds down.

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Sephora x Kohl’s, Ulta Beauty x Target: Beauty Retailers Vie for Prestige Shoppers

The battle for the prestige beauty shopper in the U.S. is on, as the retail landscape continues to convulse in an environment forever changed by the coronavirus pandemic.

On one side: Sephora, the global prestige beauty retailer owned by LVMH Moët Hennessy Louis Vuitton, which on Tuesday revealed it had formed a strategic partnership with Kohl’s Corp. to open 850 in-store shops over the next three years. On the other: Ulta Beauty, which three weeks ago unveiled its own deal with Target Corp. to open units in 100 doors in 2021, with more to come in the years ahead.

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Victoria's Secret lingerie chief out

L Brands on Wednesday said that John Mehas, who was named CEO of Victoria's Secret Lingerie two years ago and has been in the role since February 2019, has been replaced by Martin Waters.

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J.Crew’s Survival Plan: Edit Out ‘the Ugly’

The struggling American retailer has a new chief executive in industry veteran Jan Singer. Will her strategy bring it back from the brink?

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VF Corporation Acquires Supreme For $2 Billion

New York streetwear brand Supreme has been acquired by VF, the parent company of Vans, The North Face and Timberland. NPR discusses whether the brand will retain its street cred.

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Analysts: The VF, Supreme Marriage Is Going to Be Bigger Than Forecasted

VF Corp. has flexed its famously disciplined acquisition muscle — and analysts as well as investors are feeling upbeat about it.
On the heels of today’s announcement that the Denver-based retail group had signed a definitive agreement to acquire New York-based Supreme in a reported $2.1 billion deal, shares for VF have been surging, and analysts are cheering the news as a smart move for both parties. As of 12 p.m. ET, VF shares were up more than 13%, at $79.24.

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Tapestry CFO to become CEO

Tapestry, the retailer conglomerate that owns Coach, Kate Spade and Stuart Weitzman, on Tuesday said its board of directors has appointed Joanne Crevoiserat to take the chief executive role permanently.

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Levi's expands Red Tab sales to 500 Target stores

Levi's this week said it is expanding sales of its premium Red Tab merchandise to 500 Target stores by the end of next year and has also returned its budget Denizen line to the mass merchant's racks. The Red Tab effort debuted a little over a year ago in about 50 Target stores.

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Is Walmart finally in fashion?

The retail giant has refined its stable of brands through partnership, acquisition, expansion, revitalization and divestment.

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Ralph Lauren to lay off thousands as pandemic dulls luxury fashion

(Reuters) - Ralph Lauren Corp said on Tuesday it would cut 15% of its global workforce by the end of this fiscal year as the luxury retailer strives to lower costs and ride out the impact of COVID-19 on sales and shopping habits.

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