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ULTA Beauty continues to dazzle shoppers
ULTA Beauty is that rare breed of retailer capable of exceeding ever loftier growth expectations and it did so again with the release of first quarter results on May 28.
ULTA reported that net sales increased 21.6% to $868.1 million from $713.8 million in the first quarter of fiscal 2014. Same store sales increased 11.4% compared to an increase of 8.7% in the first quarter of fiscal 2014. The 11.4% same store sales increase was driven by 7.2% growth in transactions and 4.2% growth in average ticket.
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McMillon, McKenna and Murray headline CRE event
The Walmart shareholders meeting is next week and while the event is great for the retailer’s associates, suppliers looking for deeper insight into new priorities and key initiatives will be better served by attending a more content rich event the following week.
That’s when the Center for Retailing Excellence in the Sam M. Walton College of Business at the University of Arkansas plans to hold its annual Emerging Trends in Retail conference. The event, scheduled for Thursday, June 11, is especially noteworthy for several reasons this year.
