Sephora Pledges to Devote More Shelf Space to Black Businesses

  • Date: 11-Jun-2020
  • Source: Bloomberg
  • Sector:Economy
  • Country:UAE
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Sephora Pledges to Devote More Shelf Space to Black Businesses

Cosmetics giant Sephora became the first major retailer to sign onto a pledge to dedicate 15% of its shelf space to products from black-owned businesses.. If the corporations sign the pledge, it would help "put $14.5 billion back into black communities," according to the organization's website.. Black-owned businesses often receive less investment and struggle to get connected to large distributors.. During the coronavirus pandemic, black-owned businesses have been hit the hardest of all racial groups..