Ulta Beauty news and archive

Ulta Beauty announces interim CFO appointment, reaffirms 2025 guidance

Ulta Beauty, Inc. announced a change in its executive leadership, naming Chris Lialios, the company’s senior vice president – controller, as interim chief financial officer, effective immediately. Lialios steps into this role following the departure of Paula Oyibo. The beauty retailer has initiated an external search for a permanent successor,...

Fashion |Beauty

Jaimee Lupton launches new fragrance and bodycare brand

Serial beauty entrepreneur Jaimee Lupton, founder of Monday Haircare, Osāna Naturals and Being, has launched a new range of mood-matching fragrance and bodycare products. Called ‘Daise’ the new beauty line has been designed to offer a fresh and fun approach to fragrance and body care catering to discerning elder Gen Alpha and young Gen Zs, which...

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Ulta Beauty names Kecia Steelman as new CEO

Ulta Beauty has announced the retirement of Dave Kimbell as chief executive officer after 11 years with the business. The company said Kecia Steelman, president and chief operating officer, will succeed Kimbell as president and CEO. Reflecting stronger-than-expected performance during the holiday season, Ulta Beauty now expects fourth quarter...

Fashion |Beauty

Tatcha targets US growth and expands into Ulta Beauty

Japanese skincare brand Tatcha is expanding its presence in the US with beauty retailer Ulta Beauty. From January 1, 2025, Tatcha’s transformative Japanese skincare will be added to Ulta Beauty's prestige beauty assortment in more than 1,400 stores across the US and online. Mary Yee, chief executive officer of Tatcha, said in a statement: "We...

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Ulta Beauty lowers full year sales and earning guidance

Second quarter net sales at Ulta Beauty increased by 0.9 percent to 2.6 billion dollars due to new store contribution and growth in other revenue, while comparable sales decreased 1.2 percent. Based on these results, Ulta Beauty has lowered its outlook and now expects full year net sales to be in the range of 11 billion to 11.2 billion dollars...

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Business|Beauty

Myavana raises 5.9 million US dollars to drive hair innovation

US-based Myavana, a pioneer in Black-led AI-driven personalised haircare technology, has closed a 5.9 million US dollar funding round led by Prisma Ventures, Ulta Beauty's innovation fund. Other backers in the round included H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures,...

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Ulta Beauty ups guidance for FY24

Net sales at Ulta Beauty increased 3.5 percent to 2.7 billion dollars driven by increased comparable sales, new store contribution, and growth in other revenue. For FY24, the company expects net sales to be in the range of 11.7 billion dollars to 11.8 billion dollars, comparable store sale growth between 4 percent to 5 percent and diluted...

Fashion

Model Bella Hadid launches fragrance with new Orebella brand

Model Bella Hadid has launched a fragrance collection in partnership with Celebrands. A set of three scents dubbed as skin perfume will launch with Ulta Beauty on May 2nd, and is being marketed as an alchemy line that is alchohol free and infused with natural oils. Celebrands is company that brings capital and operational resources to...

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Ulta Beauty posts 2.5 percent increase in Q4 comparable sales

Fourth quarter net sales at Ulta Beauty increased 10.2 percent to 3.6 billion dollars due to increased comparable sales, new store performance, strong growth in other revenue, and the benefit of an extra week of sales in fiscal 2023. Comparable sales increased 2.5 percent, driven by a 4.5 percent increase in transactions and a 1.9 percent...

Retail|Beauty

Ole Henriksen to expand reach in the US with Ulta Beauty

Scandinavian skincare brand Ole Henriksen is expanding its reach in the US with a new retail partnership deal with Ulta Beauty. From January 1, 2024, Ole Henriksen will be available to shop at 700 select Ulta Beauty stores nationwide and online at ulta.com, as the skincare brand looks to expand its brand reach and consumer base. The beauty...

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Ulta Beauty sees notable Q3 sales increase, outlines CFO transition plan

Cosmetics retailer Ulta Beauty has reported “another strong performance” for the third quarter of 2023 – the 13-week period ended October 28, 2023 – with net sales reaching 2,488.9 million dollars, up 6.4 percent from 2,333.8 million in the year prior. Comparable sales for the period rose 4.5 percent compared to an increase of 14.6 percent,...

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Ulta Beauty names COO Kecia Steelman president

American retailer Ulta Beauty has announced the appointment of its chief operating officer Kecia Steelman to president, assigning her the responsibility of both roles simultaneously. In the two positions, Steelman will oversee corporate strategy, information technology, store operations, supply chain and loss prevention, as well as Ulta Beauty’s...