Sephora lost $6 million in FY19, and Covid-19 has made it worse

Sephora has decided to close all North-American stores through April 3. In a statement, the brand states that corporate employees will be working from home, while retail employees will be compensated during their time off. “Following guidance from public health authorities, we understand that practicing social distancing and reducing dense public gatherings as much as possible is critically important at this time,” the company wrote. “This is truly a global effort that requires all of our participation.”