Editor’s note: We’re rerunning stories this week from our yearlong Quarter Century Project, in which we examined the last 25 years in retail. In the late ’90s, US consumers seeking prestige beauty products headed to department store counters to, say, spritz Clinique Happy perfume or swatch Bobbi Brown lipsticks. That was until a French retailer called Sephora shook up the beauty industry, first with its open-sell concept retail stores in 1998, and then, with something even more groundbreaking—its own e-commerce website—at the turn of the century. As the LVMH-owned beauty retailer worked to grow its US presence after opening its first store stateside in New York City, Sephora.com debuted its e-commerce transaction abilities in the US on October 14, 1999. At the time, e-commerce was “a new frontier,” Howard Meitiner, Sephora USA’s then-president and CEO, told Retail Brew. “Nobody really knew what the future was going to be.” Sources told WWD at the time that the site was anticipated to garner $20 million in sales in year one. Flash forward a quarter-century, and Sephora.com has become Sephora’s largest North American store, it says, offering 340 brands and 45,000 products, and generating $3.3 billion in revenue in 2023, per ECDB, while the US online beauty industry has surpassed $30 billion in sales. “What [Sephora.com] did is it validated that this new thing called e-commerce was a perfect vehicle for beauty products,” Meitiner said. We’re looking back at the site’s early days—and where it’s going next. Keep reading here.—EC |