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Ulta 'Playing Offense' Amid Speculation About Amazon Incursion

 
• By Jamie Hammon

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.

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Beiersdorf Repositioning In China Will Get Boost From Thiamidol Launch

 
• By Eileen Francis

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L’Oréal, LVMH On First Quarter Challenges

 
• By Eileen Francis

L’Oréal Groupe reports in a first quarter presentation that its US business was more challenging than anticipated, while China “was slightly less bad” and Europe represented the best growth contributor. Separately, LVMH's Sephora sees ‘less momentum’ in its US business as competitor Amazon takes an aggressive position on beauty pricing.

Reducing Complexity Helps Weleda Break Sales Record

 
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Coty: Fragrance Demand Strong, But Retail Dynamics Weigh On 2025 Outlook

 
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More from Business

French Agency Proposes Effective EU Ban On CBD In Foods And Cosmetics

 
• By David Ridley

France's food safety regulator ANSES is proposing a reproductive toxicity category 1B classification for CBD under the EU's CLP regulation, which would mean an effective ban on CBD in cosmetics and foods. However, French hemp industry association UIVEC hopes that new evidence coming out of a European Commission review will put the issue to bed before it gets that far.

‘Ulta Beauty In Target’ Paused As Partners Evaluate Work, Improve Upon Efficiencies – New CEO

 
• By Eileen Francis

The expansion of Ulta Beauty in Target stores are paused for now as Ulta Beauty Inc. and Target Corp. “lean into” the 610 stores already established and consider how to drive efficiencies and leverage learnings, says new President and CEO Kecia Steelman.

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