
Ulta and Target to phase out beauty mini-shops by 2026
The move comes as Target faces softer demand, with shoppers reducing their discretionary spending.
The move comes as Target faces softer demand, with shoppers reducing their discretionary spending.
“It has been my honor to serve as CFO for Ulta Beauty,” said Oyibo.
The initiative included streamlining operations, updating stores and inventory, and improving marketing and promotional execution.
Despite the positive Q4 performance, Ulta warned of a challenging year ahead, forecasting full-year sales below analysts’ estimates. Profit per share is also expected to be lower than Wall Street’s expectations.