LVMH Moët Hennessy Vuitton : April 25, 2018 Sephora named Retailer of the Year
April 25, 2018 at 04:48 am EDT
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At the 2018 World Retail Congress, Sephora was named Retailer of the Year. The award reflects Sephora's exceptional growth over the last decade, which has been driven by rapid expansion building off of its success in France.
This type of sustained performance, is a testament to the superior differentiated experience Sephora offers its clients and the innovation it has brought to the prestige beauty industry.
'Sephora has seen wonderful global growth over the last ten years and now operates in 34 countries with more than 2,500 stores', says Chris de Lapuente, Sephora Worldwide CEO. 'We are very proud to be named 'Retailer of the Year', which confirms that the Sephora concept enjoys appreciation on a global scale. As a brand we win best when we win together and this award recognizes and touches all the tens of thousands in the Sephora family who have made us successful all over the world.'
This is the premier category in the World Retail Awards. It recognizes the retailer the Grand Jury believes to be a truly world-class operator, with outstanding results across a number of important areas. With retailing becoming ever more complex and demanding, the Retailer of the Year demonstrates that it is not only delivering exceptional financial performance and sales growth, but also reflects the changes that are taking place across the industry and around the world. To be an outstanding retailer today, this business is able to show how it has adapted to the realities of the digital world by transforming its approach to retailing and the way that it is managing for the future. If it has international operations, the judges saw that it is also executing this to the highest standards. Above all, this is a retailer setting new standards for the whole industry to admire.
Discover the 2018 World Retail Awards Winners
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LVMH - Moët Hennessy Louis Vuitton SA published this content on 25 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 April 2018 08:47:02 UTC
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.
Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).
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