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Value stocks have been the most overlooked area of the stock market in today's cycle, replaced by the popular growth stories that have captured investor attention (and capital) over the past year or so. However, a few key factors in market fundamentals may trigger a rotation back into value, or specifically undervalued stocks, over the coming months and quarters.
Ulta Beauty Inc (NASDAQ:ULTA) announced that it it is entering the UK beauty retail market through its acquisition of Space NK from the private equity firm Manzanita Capital. The financial terms of the acquisition were not disclosed, but media reports estimate the purchase price exceeds £300 million (US$408 million).
Ulta Beauty Announces Acquisition of Leading British Beauty Retailer Space NK from Manzanita Capital
BOLINGBROOK, Ill.--(BUSINESS WIRE)--Ulta Beauty Announces Acquisition of Leading British Beauty Retailer Space NK from Manzanita Capital.
U.S. cosmetics retailer Ulta Beauty is on the verge of a deal to buy British high street chain Space NK, Sky News reported on Thursday, citing a source.
Over recent months, cosmetics chain Ulta Beauty Inc. has faced competition from retail giants like Amazon.com Inc., Walmart Inc. and Target Corp., and some analysts on Wall Street have said its shelf selection leaned too heavily on older brands.
ULTA posts 2.9% comp sales growth, but weakness in makeup and haircare raises concerns about category balance.
The S&P 500 finally reached new all-time highs this week, surpassing the level last seen in February, and investors have plenty of confidence as they move into the summer.
Investors interested in Retail - Miscellaneous stocks are likely familiar with ODP Corp. (ODP) and Ulta Beauty (ULTA). But which of these two stocks offers value investors a better bang for their buck right now?
The cosmetics retailer didn't specify a reason for the departure of Oyibo, who joined the company in 2019 and had been CFO since April 2024.
BOLINGBROOK, Ill.--(BUSINESS WIRE)--Ulta Beauty Announces CFO Transition Process.