Ulta
 |
|
| Ulta Beauty | |
| Public | |
| Traded as |
NASDAQ: ULTA NASDAQ-100 Component S&P 500 Component |
| Founded | 1990 |
| Headquarters | Bolingbrook, Illinois |
|
Number of locations
|
974 (January 2017) |
|
Key people
|
Mary Dillon, CEO |
|
Number of employees
|
19,000+ |
| Website | www |
Ulta Salon, Cosmetics & Fragrance, Inc., publicly trading as Ulta Beauty, is a chain of beauty stores in the United States. Ulta Beauty carries cosmetics and skincare brands, men's and women's fragrances, and haircare products. Each store is also equipped with a salon. The company is headquartered in Bolingbrook, Illinois.
Ulta Salon, Cosmetics and Fragrance was founded by Richard E. George, the former President of Osco Drug, Inc. Following his tenure, Terry J. Hanson, another Osco veteran, became the CEO. In September 1996, Hanson hired Charles "Rick" Weber, another Osco veteran, to be Chief Financial Officer. In December 1999, Lyn Kirby, formerly of Sears Circle of Beauty, became the President and Chief Executive Officer and Weber became Senior Executive Vice President, Chief Operating Officer and Chief Financial Officer. The two ran the business together until Weber left in September 2006 when he was selected by Tom Stemberg, founder of Staples, to become Chairman and Chief Executive officer of Rec Room Furniture and Games, Inc. On October 25, 2007, the company became publicly traded on the NASDAQ. In 2008, the company opened a second distribution center in Phoenix, Arizona. On April 26, 2010, Ulta announced that Mr. Carl "Chuck" Rubin would be appointed as Chief Operating Officer, President, and as a member of the Board of Directors, effective May 10, 2010. According to public filings, Chuck Rubin earned over $11.1MM in 2010, making him one of the 20 highest paid CEOs in Chicago.
As of March 2011, Ulta had $730.5 million in total assets.
On June 24, 2013, it was announced that Mary Dillon would be appointed as Chief Executive Officer and a member of the Board of Directors, effective July 1, 2013. Mary Dillon previously held positions as the former chief of U.S. Cellular and senior executive at McDonald's and PepsiCo.
Ulta Beauty sales were $713.8 million for the first quarter ending in May 2014. At the end of the second quarter ending in August 2014, Ulta Beauty reported that total sales increased by 22.2 percent and comparable store sales Increased 9.6 percent. Wall Street expected the company's total sales to reach $3.19 billion for the fiscal year ending in February 2015, which would be almost three times the amount of Ulta Beauty's sales levels in 2009.
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Wikipedia