07 June 2011

Good news for Ulta, and possibly you!

It looks like Ulta is kicking butt, which can be good for you and me!  More sales, and more important, new stores.  So for those of you who are Ulta-less, you may be one of the lucky 61 cities that has a new store opening planned!!!

During the first quarter, the company opened five stores located in Davenport, IA; Keizer, OR; New Hartford, NY; Peabody, MA; and West Jordan, UT; relocated one store in Schaumburg, IL and remodeled two stores. The company ended the first quarter with 394 stores and square footage of 4,153,420, which represents a 14% increase in square footage compared to the first quarter of fiscal 2010.
For the second quarter of fiscal 2011, the company currently expects net sales in the range of $378 million to $384 million, compared to actual net sales of $321.8 million in the second quarter of fiscal 2010. 
For fiscal 2011, the company continues to plan to open approximately 61 new stores and remodel 17 locations.

Source:  Happi.com (click for full article)