Headlines

Ulta Scraps Canadian Expansion

Retailer will focus on growing U.S. business

Published

4 years ago

September 25, 2020

VMSD Staff

Beauty retailer Ulta Cosmetics (Bolingbrook, Ill.) has put its planned expansion into Canada on hold, reports MarketWatch. The move will cost Ulta between $55 million and $65 million, which will be recognized in 2020.
Instead the retailer will focus on U.S. growth in the form of new stores and digital and market share growth.

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