Submitted by: Submitted by kcb370
Views: 527
Words: 913
Pages: 4
Category: Business and Industry
Date Submitted: 05/22/2012 11:21 AM
SEPHORA did remarkably well in 2011, gaining market share
in all regions. The only global specialist retailer in perfume and
cosmetics, Sephora continued to offer shoppers a unique experience
of innovative products and exclusive services and actively
developed its customer loyalty programs in all regions. At the end
of 2011 there were 1,300 Sephora stores in 26 countries.
Sephora further increases its leadership in France and is
expanding its network of stores, while continuing to roll out
an ambitious innovation-based strategy for services. In a mixed
economic environment, Sephora is making progress in other
European countries and strengthened its presence in Russia by
raising its stake in the Ile de Beauté chain to 65%.
Growth in Northern America was once again strong. The new
flagship store in New York, in the heart of the Meatpacking
district, features Sephora’s latest major innovations, such as a
mobile payment system that enables customer service attendants
to process customer payments directly.
Sephora further increased market share in China, where it
accelerated its growth. A new store concept was launched to
accompany the chain’s move upmarket. Sephora also attracted
quite a bit of attention by sponsoring “Beauty Academy”, a popular
TV show where talented young make-up artists are discovered.
The chain pursued its expansion in the Middle East and
Southeast Asia, with two new stores in Kuala Lumpur, Malaysia.
Sephora also opened its first two stores in Mexico. Online sales
continued to grow strongly in France, the United States, Brazil
and China.
Outlook: Sephora will continue its ambitious expansion
in key markets by opening flagship stores. The
chain will expand into new regions, such as
Scandinavia, and will extend its presence in
South America, most notably by opening new
stores in Brazil. Sephora will develop its customer-
oriented strategy and focus on providing
innovative new products and services.
Sephora:...