Ulta Beauty Achieves 38% Sales Growth In 2021, Predicts 'Normalized' 2022
Executive Summary
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.
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