By Planet Retail2012-12-21T07:00:00+00:00
LVMH-owned beauty chain Sephora plans to open 50 stores in South America in the next four years.
The retailer, which entered Brazil in 2010 with the acquisition of beauty etailer Sack’s, opened two stores in São Paulo this summer.
Sephora is a brand that has come, been and gone in the UK and is, to a large extent, probably forgotten on these shores.
Primark’s performance since reopening shows the continued relevance of its low-price, bricks-and-mortar business model that trumps online rivals, bosses believe.
There’s no getting away from it – this has been a bruising week for retail.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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