Sephora isn't the only beauty retailer making waves...Ulta, beauty retailer of mass, prestige and salon products, as well as in-house salons to boot, reported an increase in sales in the third quarter of this year compared to the same time period last year, and an increase for 2010 overall. I like the sound of that.
It sounds like the beauty industry is making gains again and that's good news for everyone. If consumers are buying more personal care items again, then it may be the sign that we're getting back on track for spending overall. Can we say we are out of a recession yet? Please?
Ulta's profit may have also risen due to the great promotions they always have going on discounting their sku. Consumers may want the cosmetics, fragrance and skin care, but at a lower pricepoint than if they went directly to the department store. Well, honestly, who doesn't?
What do you think?
