The holiday season is off to a good start at Kohl’s.
Sephora shops-in-shop are now in about 200 Kohl’s stores.But perhaps the biggest tailwind comes from the newly launched partnership with Sephora.The company anticipates there will be approximately 850 Sephora shops-in-shop in Kohl’s stores by 2023.
“This is a game changing partnership for us, consistent with our strategy to add tremendous credibility to Kohl’s as a more youthful, upscale and modern retailer,” Gass said on the call. “This is fundamentally transforming our brand and our business. We’re finally in thebusiness. It’s prestige; it’s making us an even more relevant, youthful retailer. And then on top of that, we’re going to build a very big beauty business. In short, Sephora at Kohl’s is working.
“Like many, our business has been impacted by extended transit times, resulting in inventory receipt delays and significantly higher transportation costs,” Gass told analysts. “We have aggressively implemented a number of measures throughout the supply chain to mitigate and minimize production and transit delays. We also made sure that we protected new brand receipts and inventory tied to key promotional events.
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