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BTS propels spending in August
Overall retail spending growth in August 2014 was the strongest in more than a year, according to the First Data SpendTrend report.
Retail dollar volume growth reached 2.8% in August — compared to 2.6% in July — as back-to-school shopping propelled spending growth in several retail categories.
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High-flying Ulta Beauty to open 100 stores per year for next five years
Bolingbrook, Ill. – Ulta Beauty on Friday posted second-quarter net income that jumped 35%, easily beating Wall Street's expectations. The company also raised its full-year outlook, and announced a five-year strategic plan that includes opening some 100 stores annually.
Ulta’s net income for the quarter ended Aug. 2 increased to $60.8 million, from $44.9 million a year earlier. Net sales increased 22.2% to $734.2 million from $601 million last year, also topping expectations.