Monday, December 7, 2020

Pandemic closures hit Ulta's loyalty member growth in Q3

Retail Dive
Shortly after reporting a blockbuster partnership with Target, Ulta reported a somewhat muted Q3, beating FactSet expectations for adjusted earnings, but falling short on net sales. However, pandemic-related services like e-commerce and BOPIS both grew, with online comps increasing 90% and BOPIS totaling 16% of e-commerce sales, according to company executives. . . more