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Shoes.com shuts down operations
In an abrupt move, Shoes.com pulled the plug on its operations on Friday, Jan. 27. The company, which said in September it was preparing for its next phase of growth, took its three e-commerce businesses, Shoes.com, ShoeMe.ca and OnlineShoes.com, offline, and closed the doors to two brick-and-mortar locations in Vancouver and Toronto.
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Beauty retailer preps to launch new holding company
Ulta Beauty is launching a new holding company. On Sunday, Jan. 29, the beginning of the company’s new fiscal year, the retailer will form a new holding company, Ulta Beauty Inc. “Business operations will not change, and the primary purpose of the reorganization is to create a more efficient corporate structure,” the company said. All outstanding shares of common stock will automatically convert, and the stock will continue to trade under the "ULTA" ticker.
