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Ulta Beauty Slows Its Expansion Plans

TheMotleyFool

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Ulta Beauty Slows Its Expansion PlansPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

Before the coronavirus pandemic, Ulta Beauty (NASDAQ: ULTA) was growing quickly. That has obviously changed in the short term as the retailer has been forced to close all its stores and operate as an online-only business.

This unforeseen situation has forced the company to push back some of its expansion plans and slow other expenditures.

Ulta Beauty has slowed its expansion plans. Image source: Getty Images.

Source Fool.com

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