Ulta Beauty has seen a significant decrease in its stock, yet it's regarded as a growth stock to invest in. The company has established an extensive partnership with
Oak Essentials, increasing Oak Essentials' presence in
250 Ulta Beauty stores nationwide. Meanwhile,
Milk Makeup is set to launch at Ulta Beauty, broadening the retailers' product range.
In a strategic expansion move, Ulta Beauty plans to open its
first Middle East stores via
Alshaya Group. This comes amidst transitions within the company, including the exit of their
chief marketer and a new CEO appointment. Despite facing growth stalls and balance sheet deterioration, Ulta is continually innovating their customer service, partnering with
Instacart for swift nationwide delivery.
The retailer continues to harness technology for growth, engaging
AI to offer virtual try-on services for customers. These strategic moves and more have led Ulta to raise its annual profit forecast and increase shares.
Ulta Beauty ULTA News Analytics from Fri, 27 Sep 2024 07:00:00 GMT to Sat, 01 Feb 2025 23:05:00 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -3
