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Ulta Beauty’s Problems Are Not the Industry’s Problems

Ulta Beauty’s Problems Are Not the Industry’s Problems

While cosmetics, skincare, fragrances and hair care have often been touted as small luxuries that consumers can’t give up even in the hardest of times, the US’s two biggest beauty retailers offered duelling outlooks this month.

Soon after earnings in late March, Ulta Beauty chief executive Dave Kimbell laid out how the retailer was seeing demand for both mass and prestige segments slow meaningfully at a J.P. Morgan conference on April 3….


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