Ulta Beauty announced plans to open 80 new stores and reported that its net sales rose 12%, while its same-store sales did not meet estimates of a 6.6% rise.
More than five retail chains are opening stores for every retailer that is closing stores in 2019, according to research from IHL Group, which is up from 3.7 in 2018.
Cardinal Health's fourth-quarter revenue for the pharmaceutical segment increased 6% to $33.4 billion due to sales growth from pharmaceutical distribution and specialty solutions customers.