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.
Boots is cutting 4,000 roles across its business in the wake of a dramatic fall in sales during the Covid-19 pandemic.
There was hope, rather than expectation, that chancellor Rishi Sunak would offer retailers a lifeline this week.
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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