Friday, April 3, 2020

Ulta Beauty to rein in new store openings, remodels

Chain Store Age
Ulta Beauty still plans to open new stores this year, but not as many as previously planned.

In a business update, the beauty giant detailed new actions it is taking to preserve financial liquidity while its 1,254 stores remain temporarily closed, including reducing capital expenditures, particularly with regards to new store openings. Ulta said it is working on an adjusted plan for new store openings, relocations and remodel projects for 2020. It still expects to open some new stores this year, but not as many as the 75 it had previously announced.. . . more