Sephora preps for record-setting store expansion

A specialty beauty powerhouse will open the most North American stores in a single year in its history.

Sephora will open 100 new store locations across North America in 2020, more than it has opened on the continent in any prior year and more than double the number of openings from 2019. The stores will be located in street and local centers, as well as a mix of new and established shopping centers. In an interview with CNBC, Jeff Gaul, senior VP of real estate and store development, Sephora, said the focus will be on more off-mall sites...