Kohls Executive Said For Q4, Sephora Sales Increased 70%+, Comparable Sales Growth Was Nearly 25%; Said In 2024, We Will Further Expand Partnership With Sephora, Opening About 140 Smaller-format Shops -Conf Call
Portfolio Pulse from Charles Gross
During a conference call, a Kohl's executive reported that in Q4, sales at Sephora locations within Kohl's stores increased by over 70%, and comparable sales growth was nearly 25%. Additionally, the partnership with Sephora will be expanded in 2024, with plans to open about 140 smaller-format shops.
March 12, 2024 | 1:16 pm
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Kohl's reported significant growth in Q4 due to its partnership with Sephora, with sales at Sephora locations within Kohl's stores increasing by over 70% and comparable sales growth nearing 25%. The company plans to expand this partnership in 2024 by opening about 140 smaller-format Sephora shops.
The reported increase in sales and comparable sales growth directly relates to Kohl's partnership with Sephora, indicating a successful collaboration. The planned expansion of this partnership with 140 new shops in 2024 suggests a positive outlook for future growth and profitability, likely leading to an increase in investor confidence and a potential rise in stock price in the short term.
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