2020-06-10 10:48:52 ULTA Ulta Beauty
06/10/20 06/1010:48 06/10/2010:48 | Ulta Beauty undertakes 'clean sheet' review of stores, WSJ reportsUlta is undertaking a "clean sheet" review of its brick-and-mortar locations, considering whether to close, relocate or remodel hundreds of its stores amid challenges facing retailers including the coronavirus, the Wall Street Journal's Kristin Broughton reports, citing CFO Scott Settersen. Ulta, which operated 1,254 stores as of Feb. 1, generates the majority of its revenue from the shops and Settersen said the company could shutter additional locations in the months ahead and possibly capitalize on the downturn to arrange better lease terms or move to more appealing areas. Reference Link |
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