Pound Cake Is Bringing Its Inclusive Color Cosmetics to

23 Sep

Pound Cake is on the rise. The inclusive beauty brand has inked its first major distribution take care of Ulta Beauty, where its Cake Batter liquid lipstick range will enter greater than 800 doors this October. The expansion marks a full-circle moment for cofounder and chief executive officer Camille Bell, who was a member of the 2022 Ulta Beauty Muse Accelerator class and took home the $1 million grand prize for Pharrell Williams’ Black Ambition pitch competition last winter. “The rationale I began Pound Cake was because I’d go to retailers and never have the option to seek out [makeup] shades that matched me, or they might look different than advertised,” said Bell. After realizing her dilemma was a standard...

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18 Sep

Kecia Steelman is Promoted to President of Ulta Beauty

by Beautifaire101

Beauty, Featured

Kecia Steelman is Promoted to President of Ulta Beauty

Kecia L. Steelman, Ulta’s chief operating officer who's viewed in industry circles as a possible successor to chief executive officer Dave Kimbell, has added president to her title. Within the joint roles, Steelman has responsibility for corporate strategy, information technology, store and services operations, supply chain, Ulta Beauty at Goal, enterprise-wide transformation and loss prevention. That features inventory shrink — the difference between balance-sheet inventory and actual stock that is usually blamed on organized retail crime — which has weighed on Ulta’s gross margin. As a part of that, she has led Ulta’s move to lock up fragrance in cabinets in 70 percent of stores by the top of the 12 months. “What we’re seeing is within the initial stores that we rolled out...

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25 Aug

Ulta Beauty Raises Full-year Guidance – WWD

by Beautifaire101

Beauty, Featured

Ulta Beauty Raises Full-year Guidance – WWD

After a slew of weaker than expected results from the sweetness sector, Ulta bucked the trend, raising its full-year outlook on the back of a powerful second quarter. “Through the quarter, we drove growth across all major categories, increased the variety of loyalty members, and strengthened engagement with the Ulta Beauty brand,” said Dave Kimbell, chief executive officer. “The wonder category has continued to deliver healthy growth, as consumers maintain their post-pandemic routines and expand their definition of beauty.” The wonder retailer now expects net sales to are available in at a spread between $11.05 billion and $11.15 billion. Previously it had forecast $11 billion to $11.1 billion. Estimates for diluted earnings per share have been lifted to $25.10 to $25.60, from...

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25 May

Ulta Beauty’s Rapid Sales Growth Begins to Moderate –

by Beautifaire101

Beauty, Featured

Ulta Beauty’s Rapid Sales Growth Begins to Moderate –

Ulta Beauty’s stock price dipped as much as 10 percent in after-market trading Thursday as its period of rapid sales growth began to moderate. Net sales increased 12.3 percent to $2.6 billion in the primary quarter of fiscal 2023, in comparison with $2.3 billion in the identical period last yr and a touch below analysts’ predictions of $2.62 billion. Comparable sales, which include stores open at the least 14 months and e-commerce sales, increased 9.3 percent in comparison with a rise of 18 percent in the primary quarter of fiscal 2022. “We entered 2023 anticipating that the unprecedented growth in the wonder category would moderate and that the promotional environment would increase,” said chief financial officer Scott Settersten during a call with analysts....

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