French beauty retailer Sephora's losses have climbed to 25-million dollars since incorporating here over six years ago

BusinessDesk reports Sephora NZ has reported a 3.9-million-dollar net loss after tax - for the past calendar year.

This deficit is 63-percent less than its 10.6 million dollar loss the year before.

In June, Sephora NZ announced the closure of its Queen Street store, which had opened with fanfare in July 2019.

It still has two stores in Newmarket and Sylvia Park.