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Business

Ulta Beauty lowers full year sales and earning guidance

Second quarter net sales at Ulta Beauty increased by 0.9 percent to 2.6 billion dollars due to new store contribution and growth in other revenue, while comparable sales decreased 1.2 percent. Based on these results, Ulta Beauty has lowered its outlook and now expects full year net sales to be in the range of 11 billion to 11.2 billion dollars...

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Business |Beauty Featured

Myavana raises 5.9 million US dollars to drive hair innovation

US-based Myavana, a pioneer in Black-led AI-driven personalised haircare technology, has closed a 5.9 million US dollar funding round led by Prisma Ventures, Ulta Beauty's innovation fund. Other backers in the round included H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures,...

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