Sephora has laid off 117 people, with "a number" of those affected working in corporate positions related to its partnership with JCPenney, Retail Dive was first to report earlier this week.
JCPenney leans on its partnership with Sephora to drive foot traffic to its stores and boost sales, but analysts say the favor is not being reciprocated as these mall-based locations weigh on ...
Most shoppers, of course, would never turn down a 20% discount coupon as they visit any one of the 400 stores run by Sephora across the Americas, its 600 locations within branches of retailer JCPenney ...