Ulta Beauty Aims for 1,800+ Stores, 50 Million Loyalty Members by 2028
Ulta Beauty unveils ambitious growth plans as it targets new beauty shoppers. The company plans to open 200 new stores over the next three years as part of its strategy to drive profitable growth and gain market share. The nation's largest beauty retailer recently held its 2024 Investor Day event, where it shared its vision for "2026 and beyond".
Sephora to Open Stores in Tanger Outlet Centers
Sephora, the beauty giant known for its glitzy mall stores, is making a surprise move into the world of outlet shopping. The company just announced plans to open its first stores in Tanger outlet centers across the U.S., bringing its high-end cosmetics to bargain-hungry shoppers. Tanger, which runs 38 outlet centers in the U.S. and Canada, will welcome Sephora to five locations later this year. Shoppers in Phoenix, Palm Beach, Charleston, Deer Park, and National Harbor will soon be able to snag their favorite beauty products alongside discounted designer goods.