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This statistic highlights Ulta Beauty’s Number of Stores Worldwide, reported on a quarterly basis from Q1 2016 onwards.
The following table shows Ulta Beauty’s Number of Stores for Q3 2021, Q2 2021, Q1 2021, and Q3 2020.
|Item||Q3 2020||Q1 2021||Q2 2021||Q3 2021|
|Number of Stores||1,262||1,290||1,296||1,302|
During Q3 of the fiscal year 2021, the company owned 1,302 stores across 50 states. Its stores are mainly located in high-traffic areas such as power strip centers. A standard store of Ulta beauty’s Inc is approximately 10,000 square feet together with approximately 950 square feet dedicated to the company’s full-service salons. Over time, the company has made remarkable modifications in its stores in terms of displays, lighting, physical layout, and quality of finishes to meet the growing expectations of its customers and to get along with its operating strategies.
All of the employees working with Ulta Beauty are highly skilled, estheticians, and licensed professional stylists. They not only offer services, but also assists customers with their educational experiences entailing styling lessons, skincare regimens, makeup application, consultations, and at-home care recommendations. The company offers a full range of services at all of their stores, which mainly comprise skin, hair, brow, and makeup services. Currently, the store’s sales floor format consists of an open and modern salon area and a skin treatment room or in some stores a dedicated skin treatment area. Additionally, almost all of the stores provide brow services on the sales floor. Specifically displayed, the salon contains about five to ten stations, a concierge desk, and a shampoo and hair color processing spot.
Due to the Covid-19 pandemic, the company’s stores ran at 50% capacity for salon and brow services and were even unable to provide skin and makeup services to the customers through most of the year 2020. As of October 2021, the company’s stores started to run under the Shop Safe Standards, mainly providing salon and brow services. Then, in Q2 2021, due to ease in local restrictions, the company’s store traffic increased gradually, accordingly the company adjusted its staff levels as well as operating hours. Finally, in Q3 2021, the company began to run its operations at full pace.
About the Company
Ulta Beauty Inc is an American beauty stores chain, offering a wide assortment of cosmetic, skincare, fragrance, and hair care products as well as salon services. Founded in 1990, the company is located in Bolingbrook, Illinois. It was founded by Terry Hanson and Dick George and the company was previously known as Ulta Salon. As of the fiscal year 2021, the company was having over 37,000 employees and 1,302 stores across 50 states. The company estimates to be holding a 7% share of the entire $92 billion beauty products industry and less than 1% share of the total $58 billion salon services industry. It believes that its assortment strategy is built such that it would grow future opportunities in the beauty product industry. Furthermore, its full-service hair salon, skin, brow, and makeup services will be able to compete in the salon services industry well.
The company has one reportable segment, which comprises salon services, e-commerce, and retail stores. Its common stock is traded under the ticker symbol “ULTA” on the stock exchange ‘NASDAQ”. Some of its primary competitors are Sephora, Sally Beauty, Blue Mercury, Nordstrom, and Macy’s.
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