Ulta Plans To Open 100 New Stores After Posting Strong Sales Growth In 4Q 2015

Beauty retailer Ulta said it plans to open 100 new stores in the United States, adding to its current store count of 874 across the country. Ulta reported sales jumped 21.1 percent to $1.27 billion in the fourth quarter of fiscal 2015, while comparable-store sales rose 12.5 percent and net income grew 23.6 percent to $107.8 million in the quarter, compared with the same period in the previous year. Ulta’s expansion plans mean it is poised to stay much larger than nearest rival Sephora, which at present operates about 360 stores in North America.