Ulta is looking ahead to expand their brick-and-mortar footprint in 2021. The beauty brand will open 40 new stores and remodel or relocate approximately 21 locations, according to their Q4 press release.Chief Executive Officer, Mary Dillon, has made a recent announcement to step down from her role. Dillon was encouraged by the positive momentum with in-store retail traffic trends and felt it was the right time to make this decision. Dave Kimbell will take her place in June.
“We continue to be positive about the outlook of physical retail. The 40 stores we are opening we feel good about. We see plenty of growth ahead of us,” said Kimbell on Ulta’s recent earnings call.
The company ended fiscal 2020 with 1,264 stores.
Source: Ulta Beauty Press Release
Photo Credit: WWD
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About Ulta Beauty
At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest U.S. beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. In 1990, the Company reinvented the beauty retail experience by offering a new way to shop for beauty – bringing together all things beauty, all in one place. Today, Ulta Beauty has grown to become the top national retailer offering the complete beauty experience.
Ulta Beauty was recently added to the Bloomberg Gender Equality Index, which tracks the financial performance of public companies committed to supporting gender equality through policy development, representation and transparency. More information about Ulta Beauty’s corporate responsibility efforts can be found at http://ir.ultabeauty.com/Corporate-Responsibility/.
