With 1,385 stores at the end of fiscal 2023 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the US. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores.
LULU
TGT, WSM, SKX, LULU, COST, TJX, ULTA, EBAY, TSCO, AMZN, WMT
DG
DG, RIO, DOCU
COST
David Swartz
Equity Analyst