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Ulta opens first stores in Mexico — with more coming soon

Ulta Beauty Antara Fashion Hall Mexico City
Ulta's debut store in Mexico is located at Antara Fashion Hall in Mexico City.

A leading U.S. beauty retailer has made its international debut.

Ulta Beauty has expanded into Mexico, marking its first international brick-and-mortar locations. Ulta’s first store in Mexico opened on Aug. 21 at Antara Fashion Hall in Mexico City, followed by a location at Galerías Metepec in Metepec on Aug. 30.  

Seven additional locations are scheduled to debut across the country throughout the year. (See list of locations at end of article.) The stores are being developed in partnership with retail company Axo.

In an effort to “authentically reflect and celebrate the community it serves,” Ulta said it is spotlighting talent and creativity rooted in Latin America in its product mix. This includes formulas featuring ingredients native to Mexico, brands founded by Latinos  and paying tribute to beauty inspired by Latino culture, traditions and community.

Ulta first announced plans to enter the Mexican market last year. The expansion comes as Ulta is looking to grow on an international stage. In July, it said it had acquired British beauty retailer Space NK Limited, which operates 83 stores in the U.K. and Ireland along with its online platform. In the Middle East, Ulta plans to open stores across the region via a franchise partnership with Alshaya Group.

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“Entering Mexico represents a bold and exciting step for Ulta Beauty as we bring our unparalleled assortment and inclusive shopping experience to beauty lovers in this significant international market,” said Kecia Steelman, president and CEO of Ulta Beauty. “We’re thrilled to partner with Axo to share the brands and services our guests already know and love, while also celebrating and tailoring our offering to the vibrant beauty community in Mexico.”

Earlier this week, Ulta Beauty shared its second quarter financial results. Its net income rose 3.3% to $260.88 million, or $5.78 per share, in the quarter ended Aug. 2, up from $252.6 million, or $5.30 per share, in the year-ago period. Net sales rose 9.3% to $2.79 billion.

[READ MORE: Target, Ulta to end shop-in-shop partnership in 2026]

Mexico Store Locations

In addition to its already opened stores in Antara Fashion Hall (Mexico City) and Galerías Metepec (Metepec), Ulta plans to open stores at the following locations in Mexico in 2025:

  • Altacia, León
  • Fórum Tlaquepaque, Guadalajara
  • Galerías Guadalajara, Guadalajara
  • Península Tijuana, Tijuana
  • Plaza Fiesta San Agustín Monterrey, Monterrey
  • Plaza Satélite, State of Mexico
  • Vía Viva, Guadalajara

At the end of the second quarter, Ulta operated 1,473 Ulta stores across the U.S.

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