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Online and in store, Ulta Beauty soars in Q3
Ulta Beauty shows no signs of losing its momentum as the chain reported a strong quarter and raised its full-year outlook for the third time this year.
Ulta’s performance was impressive, both in brick-and-mortar and online where its sales jumped nearly 60%.
Ulta’s net income surged 23.2% to $87.6 million in the third quarter, up from $71.1 million in year ago period, amid strong sales.
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This retail channel is in a high-growth mode
Beauty stores are hot — and shoppers around the globe can’t seem to get enough of them.
With hundreds of new door openings during 2015-2016, boutique beauty stores remain on a high growth trajectory, according to an upcoming study from market intelligence and research firm Kline.
Vertically integrated beauty specialty stores offering an immersive, single brand experience and supported by cult-like followings of younger generations, including millennials, are seeing expansion across multiple countries, the report finds.