Ulta’s growth to continue with 100 stores in 2017

There is no denying it: Ulta Salon Cosmetics & Fragrance is on a roll.

 

The retailer will open 100 stores this year, including its first-ever location in Manhattan.

 

Shares of Ulta rose 38% last year, about four times higher than the Standard & Poor’s 500 Index’s gain, Bloomberg reported, and its annual revenue has quadrupled to $3.9 billion since it went public 10 years ago.

 

“They are changing the way people shop as they have allowed people to buy both mass and prestige, as well as get salon, brow and other services which historically would have been done at multiple locations,” said Brian Yarbrough, an analyst at Edward Jones & Co., in the report. “No other retailer offers all three in the same spot.”  

 

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