Ulta Beauty news and archive

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...

BusinessFeatured

Ulta Beauty posts Q2 sales growth, raises forecast

For the second quarter net sales at Ulta Beauty increased 10.1 percent to 2.5 billion dollars due to increased comparable sales, strong new store performance, and growth in other revenue. Comparable sales increased 8 percent driven by a 9 percent increase in transactions and a 1 percent decrease in average ticket. For the six months period net...

Business

Rabanne takes first steps into beauty, Ulta becomes exclusive partner

Luxury fashion and fragrance brand Rabanne is set to explore a new venture in the form of its first beauty collection. The line has initially launched on the brand’s own website, but is set to appear exclusively at select Ulta Beauty stores and Ulta’s e-commerce site starting in October. Rabanne Beauty is being led by industry veteran and...

Business

Ulta Beauty sales increase 12.3 percent for Q1, 2023

Ulta Beauty has reported another increase in its net sales for the 13-week period ended April 29, 2023, rising 12.3 percent to 2.6 billion dollars, compared to 2.3 billion dollars in the same period last year. The retailer said the results came due to an increase in comparable sales, which rose 9.3 percent, a strong new store performance and...

Business |Beauty

Live Tinted secures 10 million US dollars

Clean and inclusive beauty brand Live Tinted has closed a 10 million US dollar Series A funding round led by Monogram Capital Partners, with support from Unilever Ventures, Devonshire Investors and Silas Capital. The fresh capital brings the total funding raised to date to 15 million US dollars, with Live Tinted adding that the money will be...

Business

Ulta Beauty surpasses 10 billion dollars in annual sales for first time

US beauty giant Ulta Beauty unveiled its Q4 and full-year FY22 results, in which it reported that it had seen its net sales increase 18.2 percent to 10.2 billion for the year due to the continued resilience of the beauty category, price increases, new brand onboarding and fewer pandemic limitations. For Q4, net sales increased 18.2 percent to...

Retail |Beauty

Provence Beauty debuts at Ulta Beauty

Provence Beauty, a new conscious skincare brand, has debuted at Ulta Beauty, in stores and online to mark its first foray into the US beauty market. The French-born beauty company is looking to bring “accessible modernised French skincare to the masses,” with its range of clean, vegan and sustainable French skincare staples at an accessible...

People

Ulta Beauty adds to its board of directors

Ulta Beauty, the largest US beauty retailer for cosmetics, fragrances, skincare products, hair care products and salon services, has appointed Heidi G. Petz as an independent director to its board. Petz was elected to Ulta Beauty’s board of directors on December 16 and joins with more than 25 years of professional, commercial, retail and...

Business

Ulta Beauty ups full-year outlook on strong Q2

Beauty retailer Ulta Beauty has upped its full-year guidance after reporting both bottom- and top-line growth in the second quarter as the beauty sector continues to be resilient against a backdrop of rising inflation. In the three months to July 30, net sales increased 16.8 percent year-over-year to 2.3 billion dollars, with the company citing...

Business

Ulta Beauty set to invest 20 million dollars in tech start-ups through new investment fund

Beauty retailer Ulta Beauty has announced the launch of its digital innovation fund Prisma Ventures, through which it is planning to invest 20 million dollars into emerging technology start-ups that focus on developing online and in-store experiences. The fund aims to help accelerate those selected via long-term, strategic partnerships and...

Business

Ulta Beauty launches retail media network

Beauty retailer Ulta Beauty has announced the launch of a new retail media network, UB Media, which will offer brands advertising opportunities through leveraging its beauty community, Ultamate Rewards. Building on its existing Digital Marketing Partner Programme, the feature will allow brand partners to access a digital strategy centred around...

BusinessFeatured

Coty to relaunch Kylie Cosmetics and announces UK retail partners

Coty is relaunching Kylie Cosmetics with new vegan formulas, refreshed packaging, and direct-to-consumer websites in the US, the UK, France and Germany, alongside select bricks and mortar retailers to ensure global availability of the beauty brand for the first time. Relaunching on July 15, Kylie Cosmetics will offer consumers new and improved...