×
106 027
Fashion Jobs
ALL SAINTS
Senior CRM Executive
Permanent · New York
TJ MAXX
District Loss Prevention Manager - Tustin, ca
Permanent · Tustin
MARSHALLS
Loss Prevention Detective - Boston
Permanent · Boston
TJ MAXX
tj Maxx lp Detective
Permanent · Castro Valley
HOMEGOODS
Loss Prevention Detective
Permanent · Champaign
TJ MAXX
tj Maxx lp Detective
Permanent · Cupertino
HOMEGOODS
Loss Prevention Customer Service Associate Full Time Now Hiring
Permanent · Portland
TJ MAXX
Loss Prevention Detective Cambridge, ma
Permanent · Cambridge
TJX COMPANIES
Distribution Center Loss Prevention Investigator
Permanent · Pittston
TJ MAXX
Loss Prevention Detective
Permanent · Paramus
HOMEGOODS
Loss Prevention Detective Full Time Now Hiring
Permanent · Beaverton
RAG & BONE
Sales Supervisor (Full -Time) - Christopher st
Permanent · New York
CENTRIC BRANDS
Supply Chain Operations Analyst
Permanent · Greensboro
CENTRIC BRANDS
Social Compliance Associate
Permanent · Greensboro
CENTRIC BRANDS
Vice President, Operations
Permanent · New York
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Wethersfield
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Pittsburgh
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Bend
NORDSTROM
Asset Protection - Security Ambassador - Harbour Center Rack
Permanent · Annapolis
NORDSTROM
Asset Protection - Agent - East Palo Alto Rack
Permanent · East Palo Alto
NORDSTROM
Asset Protection - Agent - Villagio Retail Center Rack
Permanent · Fresno
NORDSTROM
Asset Protection - Security Ambassador - East Palo Alto Rack
Permanent · East Palo Alto
Advertisements
Published
Oct 20, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ulta announces investments in deliveries and digital, disappoints with financial outlook

Published
Oct 20, 2021

Bolingbrook, Illinois-based cosmetics retailer Ulta Beauty, Inc. provided a strategic update via a virtual investor day on Tuesday, revealing plans to invest in new delivery improvements and digital capabilities, but ultimately disappointing with a lower-than-expected outlook.


Ulta Beauty disappointed investors with its 2022-24 financial outlook on Tuesday - Instagram: @ultabeauty

 
The company said that it expects to see a CAGR in its net sales of 5% to 7% from 2022 through 2024, while comparable sales are predicted to increase 3% to 5% annually. Ulta also reported that it expects CAGR in diluted earnings per share to be in the low double digits during the period.
 
As reported by CNBC, shares in Ulta plummeted more than 10% on Tuesday following the retailer’s announcement of its financial outlook. Investors had been anticipating more optimistic predictions in line with an anticipated uptick in demand for beauty products as consumers begin to return to social events.

Moving forward, Ulta highlighted the development of omnichannel experiences, the launch of community-focused initiatives and improvements in its environmental and social impact as key strategic priorities. Over the next two years, the retailer, which currently operates more than 1,300 stores across 50 states, is planning to open 50 new stores annually.
 
In terms of specific strategic initiatives, the company said that it will be rolling out same-day delivery for online purchases in select markets. It also revealed that it will be introducing “Beauty to Go,” a new commitment promising that buy online, pick-up in store (BOPIS) orders will be available to collect within two hours.
 
Furthermore, the retailer said that it will be launching partnerships with both Google and AI retail tech company Adeptmind. Ulta’s collaboration with Google will leverage the Ulta Beauty GlamLab Virtual make-up try-on tool with select brands via Google Search and YouTube, while the company’s link-up with Adeptmind will result in the development of a new personalized search engine for Ulta’s own e-commerce site.
 
The company is also establishing a $20 million Digital Innovation Fund allowing it to partner with beauty industry entrepreneurs and innovators.
 
“We are optimistic about the opportunities ahead and believe the power of the beauty category, paired with our proven business model, experienced leadership team, and values-based culture, positions Ulta Beauty to continue to deliver long-term value for shareholders,” said Ulta CEO Dave Kimbell in a release.
 
Ulta reported net income of $250.9 million in the second quarter ended July 31, 2021, on sales of $2.0 billion.

Copyright © 2021 FashionNetwork.com All rights reserved.