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Ulta Beauty Will Have New CEO, Target Store Presence In Climb Back To 2019 Top Line

 
• By Ryan Nelson

The specialty retailer, entering Target stores in the fall, is aiming for net sales of $7.2bn to $7.3bn in fiscal 2021, compared with $6.15bn in 2020 and $7.4bn in 2019. President Dave Kimbell will be taking the helm in June while CEO Mary Dillon stays on for one year as executive chair of the board.

Ulta Beauty, Inc. plans to open around 40 new stores in fiscal 2021 and launch in around 100 Target doors this fall in a drive toward projected net sales of $7.2bn to $7.3bn for the year.

That would be shy of the roughly $7

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