Ulta 'Playing Offense' Amid Speculation About Amazon Incursion

The retailer of "all things beauty" posted Q2 net sales growth in excess of 20% to $1.29bn. Rumors have been swirling about a possible luxury beauty play from Amazon, but Ulta management is undaunted, telling investors, “We have no blinders on, and we're playing offense.”

Indianapolis - Circa July 2016: Ulta Salon, Cosmetics & Fragrance Retail Location. Ulta Provides Beauty Products and a Salon VI

Ulta Beauty, Inc. has been booking double-digit comparable sales growth on a quarterly basis since December 2014 and remains confident that beauty enthusiasts have made their home at the specialty retailer's e-commerce site and its more than 1,000 stores across the US.

Reported Aug. 24, Ulta's fiscal 2017 second quarter was another for competing retailers to envy, with comparable sales (those for stores open at least 14 months and e-commerce) up 11.7%...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on HBW Insight for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Earnings

More from Business