While some retailers are still stabilizing following the disruptions from COVID-19, Ulta Beauty (NASDAQ: ULTA) is well positioned to handle the ongoing volatility. The largest beauty retailer saw a nice improvement in comparable sales in August and believes this recovery will continue. Here is why Ulta is set up to succeed.
Image source: Ulta.com.
Like many retailers, Ulta stores were closed earlier this year due to COVID-19. The company began reopening locations during the fiscal second quarter with 90% of its fleet open at the end of June and 100% open by mid-July .
Source Fool.com