Sephora laid off 117 people, including “a number” of workers focused on its partnership with JCPenney, Retail Dive reported earlier this week.JCPenney is in the process of closing 152 stores. Before the bankruptcy, Sephora operated about 600 shops inside of JCPenney department stores, which it calls SiJCP.Ultimately, though, the partnership is probably more valuable to JCPenney than it is to Sephora, industry experts say.Visit Business Insider’s homepage for more stories.
Sephora has laid off 117 people, with “a number” of those affected working in corporate positions related to its partnership with JCPenney, Retail Dive was first to report earlier this week. JCPenney is in the process of closing 152 stores as it restructures in bankruptcy, and some store closures will include locations where Sephora operated its shop-in-shop. Before the bankruptcy, Sephora operated about 600 shops inside of JCPenney department stores, which it calls SiJCP. Sephora has about 2,600 locations worldwide. In a statement to Business Insider, a Sephora representative said the layoffs were part of a corporate reshuffling and “reflected the JCPenney store reductions.” “Regrettably, this reshaping process has created the need to remove 117 full-time roles (7% of our current full-time corporate workforce),” the representative said.
A representative for JCPenney did not immediately return Business Insider’s request for comment on Sephora’s layoffs.The layoffs weren’t the first indication that JCPenney’s struggles might be having an impact on the 14-year partnership between the two companies.In early May, before JCPenney filed for Chapter 11 bankruptcy, it said in court filings t
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