Wednesday, June 22, 2016

Ulta Loves Target, Expects Online Sales To Double In A Few Years

Ulta Beauty plans to stick with its mixed assortment of cosmetics, officials say. (Jovan Williams/IBD)Ulta Beauty Chief Executive Mary Dillon made clear Tuesday that while prestige brands are enjoying a period of growth, the specialty beauty retailer has no intention of straying from the high- and low-end assortment of cosmetics, skin care and hair care products that has made it so popular.

The company also touched on its real estate strategy, with Chief Financial Officer Scott Settersten telling investors that a "theoretical perfect co-tenant mix" largely includes off-pricers like TJX's Marshalls and T.J. Maxx and shoe seller DSW.. . . more

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