Kohls Reports Sephora Sales Drop 4 Percent
Kohls reports a four percent decline in Sephora sales as major beauty brands expand distribution to other retailers. The company expects softer performance to persist while scaling new brands.
Insights:
Kohl's reported a 4% drop in Sephora sales during the summer, signaling mounting pressure on the retailer's core beauty partnership. The slowdown follows low single-digit declines earlier in the year across the United States.
