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)
