Ulta Beauty Achieves 38% Sales Growth In 2021, Predicts 'Normalized' 2022
Ulta’s shop-in-shop partnership with Target Corporation, expansion of its Conscious Beauty platform, and its growing investment in BIPOC-associated brands were among highlights in fiscal 2021, which benefited from comparisons against 2020 when the world locked down under siege by COVID-19.
You may also be interested in...
CVS is trialing Skin Care Centers in three strategic locations, building on its BeautyIRL concept launched in 2018. Featuring prestige brands and L’Oréal-trained beauty advisors, CVS Skin Care Centers follows Walmart’s launch of BEAUTYSPACE installations in March and moves from Kohl’s and Target mid-pandemic to wow shoppers with curated prestige beauty assortments.
Ulta Beauty doubles its comparable sales growth projections for fiscal 2022 to between 6% and 8%, citing faster-than-expected makeup recovery. German company Henkel is recalling Alterna Bond Repair Leave-in Heat Protection Spray due to potential microbial contamination. More news in brief.
US teens identified e.l.f. Beauty as their No. 1 cosmetics brand and CeraVe as their favorite in skin care in a survey by investment bank Piper Sandler Companies. Respondents, who are spending more on average on core beauty products in 2022, also identified growing preference for “clean” offerings and shopping in Ulta stores.