Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Bolingbrook, United States
Retail
Ulta's Fourth-Quarter Sales Beat Estimates
The cosmetics company's net income rose to $222.7 million as shoppers spent more at its stores during the holiday season.
Ulta's Fourth-Quarter Sales Beat Estimates
The cosmetics company's net income rose to $222.7 million as shoppers spent more at its stores during the holiday season.
Beauty
Ulta Beauty Profits Driven By High-Margin Cosmetic Sales
Booming demand for celebrity-led beauty brands has helped grow in-store transactions.
Ulta Beauty Profits Driven By High-Margin Cosmetic Sales
Booming demand for celebrity-led beauty brands has helped grow in-store transactions.
Beauty
Former Ulta Employee Tweet Leads to 18-State Lawsuit
The case grew out of a viral tweet claiming that returned merchandise was repackaged or resealed and put it back on the shelf for sale.
Former Ulta Employee Tweet Leads to 18-State Lawsuit
The case grew out of a viral tweet claiming that returned merchandise was repackaged or resealed and put it back on the shelf for sale.
Beauty
Ulta Beauty Fades as Growth Story Seen Showing Cracks
Competition from elsewhere, including from LVMH's Sephora and Macy's Bluemercury, has limited much of Ulta's growth.
Ulta Beauty Fades as Growth Story Seen Showing Cracks
Competition from elsewhere, including from LVMH's Sephora and Macy's Bluemercury, has limited much of Ulta's growth.
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Beauty
Ulta Shines as Rare Bright Spot in Retail as Makeup Demand Soars
Shares of the company surged 38 percent last year, about four times higher than the Standard & Poor’s 500 Index’s gain.
Ulta Shines as Rare Bright Spot in Retail as Makeup Demand Soars
Shares of the company surged 38 percent last year, about four times higher than the Standard & Poor’s 500 Index’s gain.
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The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.