Ulta Beauty – Wikipedia

American chain of beauty stores

The inside of an Ulta storehouse in Dublin, California Ulta Beauty, Inc., once known as Ulta Salon, Cosmetics & Fragrance Inc. and earlier 2000 as Ulta3, is an american english chain of beauty stores headquartered in Bolingbrook, Illinois. [ 3 ] Ulta Beauty carries both high-end and low-end cosmetics, fragrances, complete products, bath and torso products, smasher tools and hair care products. Each shop besides has a beauty salon.

history [edit ]

Ulta was founded by Richard E. George, the early President of Osco Drug, Inc., and Terry Hanson. George left sour at Osco in 1989 in order to develop a business design for a retailer that would offer beauty products at different price levels. [ 4 ] other Osco executives joined George and Hanson in the business, and raised $ 11.5 million in venture capital. The ship’s company, initially called Ulta3, was launched in 1990 with five stores in Chicago suburb. The name was changed from Ulta3 to Ulta at the end of 1999. [ 4 ] [ 5 ] George left Ulta3 in 1995, and Hanson became the ship’s company ‘s Chief Executive Officer. [ 5 ] In December 1999, Lyn Kirby became the President and Chief Executive Officer and Charles “ Rick ” Weber became Senior Executive Vice President, Chief Operating Officer and Chief Financial Officer. On October 25, 2007, the company became publicly traded on the NASDAQ. [ 6 ] In 2008, the company opened a second gear distribution center in Phoenix, Arizona. In 2010 Carl “ Chuck ” Rubin was appointed as Chief Operating Officer, President, and as a extremity of the Board of Directors. [ 7 ]

On June 24, 2013, it was announced that Mary Dillon would be appointed as Chief Executive Officer and a member of the Board of Directors, effective July 1, 2013. [ 8 ] Dillon was previously the headman of U.S. Cellular and a senior executive at McDonald ‘s and PepsiCo. [ 9 ] In 2020 before the COVID-19 pandemic there were 44,000 employees. [ 10 ] As of 2021, Ulta employs approximately 37,000 people. [ 2 ]

Operations [edit ]

As of 2019, Ulta had stores in 48 states. [ 1 ] A majority of Ulta Beauty stores are located in the East Coast area and in California. [ 11 ]

In August 2021, the retail chain Target started selling Ulta ‘s products. [ 12 ] Ulta Beauty offers both high-end and drugstore cosmetics, skin care, and fragrances, in addition to its own brands of smasher products and fragrances. They sell brands such as MAC Cosmetics ,. [ 13 ] Kylie Cosmetics, [ 14 ] and ColourPop cosmetics. [ 15 ] Ulta Beauty sales were $ 713.8 million for the first quarter ending in May 2014. [ 16 ] At the end of the second quarter ending in August 2014, Ulta Beauty reported that full sales increased by 22.2 percentage and comparable shop sales increased 9.6 percentage. [ 17 ]

References [edit ]

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