Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<div type="image" title="Ulta CEO Dave Kimball smiles in headshot" height="4011" width="5343" msid="88347343" hostid="261"></div><ul class="summary-list"><li>In the lastest installment of <a href="https://www.businessinsider.com/insider-launches-series-the-equity-talk-ceos-dei-social-justice-2021-9">The Equity Talk</a>, Insider spoke with <keyword id="11931719" type="UNKNOWN" weightage="60" keywordseo="ulta-beauty" source="Orion">Ulta Beauty</keyword> CEO <keyword id="12759621" type="UNKNOWN" weightage="60" keywordseo="dave-kimbell" source="Orion">Dave Kimbell</keyword>. </li><li>Kimbell said investing in diverse beauty products has driven <keyword id="12617110" type="UNKNOWN" weightage="60" keywordseo="ulta" source="Orion">Ulta</keyword>'s recent financial success.</li></ul>Ulta is the largest beauty retailer in the country — and that makes its CEO, Dave Kimbell, one of the most important people in business. With over 1,300 stores, an army of 40,000 associates, and <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fulta-beauty-returns-to-tv-advertising-after-a-pandemic-pause-11599233788">massive ad campaigns</a> that influence our perception of beauty, Kimbell sits at the top of a retail empire worth $21.5 billion. Approachable and acutely self-aware (at least in speaking for this interview), Kimbell, who is white, is mindful of his privilege and the fact that he's not representative of Ulta's customer base, which overwhelming consists of women. So he's made it a top priority to listen to employees and customers from different walks of life. And his <keyword id="11893563" type="UNKNOWN" weightage="100" keywordseo="strategy" source="Orion">strategy</keyword> appears to be working. The makeup giant's stock is up nearly 50% from 2016. In addition to adding services like <a href="https://www.allure.com/story/ulta-curbside-pickup-stores">curbside pickup</a> and growing its online strategy after stores were closed due to the pandemic, investing in diversity has been a key driver of success. On Thursday, music mogul and entrepreneur <a href="https://www.businessinsider.com/rihanna-billionaire-success-case-study-for-ceos-fenty-savage-2021-8">Rihanna</a> <a href="https://people.com/beauty/rihanna-announces-shes-bringing-fenty-beauty-to-ulta-with-parking-lot-photo-op-in-my-ulta-bag/">announced</a> she was partnering with Ulta, making her Fenty Beauty line available at the retailer starting March 6. "Beauty is so emotional. By its very nature, beauty should be the ultimate in diversity," Kimbell told Insider. "The idea that everybody is beautiful, that's the key. We have a saying here that we've used in some of our advertising, which is, you don't come to Ulta Beauty to get beautiful, you come because you already are." In 2021, Ulta invested <a href="https://www.ulta.com/investor/news-events/press-releases/detail/11/ulta-beauty-announces-diversity-and-inclusion-commitments">$25 million</a> to support beauty brands made by people of color and instituted mandatory anti-racist training for all associates to reduce bias. Kimbell also brought on actress and entrepreneur <a href="https://fashionweekdaily.com/tracee-ellis-ross-joins-ulta-as-diversity-adviser-announcing-new-bipoc-beauty-initiatives/">Tracee Ellis Ross</a> as Ulta's <keyword id="11893568" type="UNKNOWN" weightage="60" keywordseo="diversity-and-inclusion" source="Orion">diversity and inclusion</keyword> advisor after partnering with her in 2019, putting her curly-hair product line, Pattern Beauty, on its shelves nationwide. On Thursday, Kimbell announced he is increasing diversity spending by another $25 million in 2022, doubling its commitment from last year. Funds will go to supporting Black-founded and Black-led beauty brands, Latin brands, and supporting entrepreneurs of color. Ulta will also launch an accelerator program focused on beauty brands created by people of color, and will work to promote diverse talent internally into <keyword id="11893566" type="UNKNOWN" weightage="60" keywordseo="leadership" source="Orion">leadership</keyword> positions."To create an environment where everyone feels welcome and ultimately has an equal opportunity to express themselves through the world, that's my goal," Kimbell said. "Brands that aren't inclusive, I'd argue, aren't going to be successful in the long term." In the latest installment of <a href="https://www.businessinsider.com/insider-launches-series-the-equity-talk-ceos-dei-social-justice-2021-9">The Equity Talk</a>, Insider spoke with the Ulta CEO about how he avoids performative allyship, the ways in which he's expanding the perception of beauty, and his vision for the company. How did the racial reckoning of 2020 impact you as a leader, specifically as a white man? It was a real moment for me to reflect on how I, as a leader, can help drive more positive change. One of the elements that I embraced was simply listening. I feel so grateful for the Ulta Beauty family coming together and leaning on each other and learning from each other. Many of our associates who are diverse across many dimensions came together and shared their stories. We had sessions with our Black associates sharing experiences that I, as a white person, have never experienced. We listened to our AAPI [Asian American and Pacific Islander] associates speak about being threatened while simply walking down the street. We met with parents of transgender children and the experiences they had engaging with their children to discover who they are. Many of these stories were painful to share. But they were also inspiring for us to imagine how Ulta can be even better. As America's largest beauty retailer, with 40,000 associates, it was a moment for me to say, "We need to learn from these stories and make sure we're driving change." What made <keyword id="12759620" type="UNKNOWN" weightage="60" keywordseo="tracee-ellis-ross" source="Orion">Tracee Ellis Ross</keyword> the right fit to be Ulta's diversity and inclusion advisor? What are some tangible changes she's made within the company? We're just so proud and pleased to be working with Tracee. She is simply an amazing person. It's been a pleasure to get to learn from her. We first started working with her in 2019 with her brand Pattern. And as we went through the experiences of 2020 and George Floyd, it just became a natural discussion. We just started learning from her and found her to be such a great, insightful thought leader on how to drive more change. We just had a session with her two weeks ago where we brainstormed ideas on how to continue to make progress on our key diversity initiatives. We spoke about what else we can do for our BIPOC [Black, Indigenous, people of color] brands. She's willing to challenge us, push us, and also support us. <div type="image" title="Tracee Ellis Ross headshot" height="803" width="1072" msid="88347344" hostid="261"></div>How are you avoiding performative allyship? It's not just about putting the brand on the shelf or online. Just adding brands from diverse founders doesn't guarantee that these brands are going to be successful, that's true of any new brand. So we've spent time listening to Tracee's experience to make sure we can create an environment where emerging BIPOC brands are supported as they navigate the Ulta Beauty environment so they understand the supply chain, they're building branding, etc. Tracee is really helping us think through how we can build sustainable long-term impact.What role has investing in diversity and inclusion played in Ulta's financial success this past year? Self-expression and the choices anybody makes in how they bring themselves alive is so important in the beauty category. Our role is to provide an experience that is welcoming, inviting, inclusive, and allows every guest to discover their own possibilities through the power of beauty. That will drive our business forward. Diversity equity inclusion is not separate from our business strategies. It is inherently built into our vision and the way we believe we will be successful going forward through this idea of self-expression.<div type="image" title="Ulta CEO Dave Kimball in a selfie with employees" height="599" width="800" msid="88347345" hostid="261"></div>What does the future of diversity and inclusion look like at Ulta? One of our focuses is elevating the level of representation across leadership, especially at the high level. Our board is majority women and 18% BIPOC. We've been working hard to find new ways to diversify our leadership, specifically by providing great avenues and opportunities for our Ulta Beauty associates and particularly our BIPOC associates to develop. We are also working every day to create a welcoming, inviting, friendly, open, inclusive experience for our guests. So we'll continue to help our store teams through training to get rid of anything that may get in the way of that, any unconscious bias. I also want to speak about our recent work with Modern Salon, a salon-industry publication, to put together the <a href="https://digital.modernsalon.com/publication/?m=65909&amp;i=718965&amp;p=1&amp;pre=1&amp;ver=html5">outlet's first issue featuring a transgender model</a> on its cover. A transgender salon associate from Arizona helped with that. I think it's a good example of the work we're doing to ensure that we're creating an environment that allows everyone, including our transgender associates, to thrive.We've got work ahead and there's a road ahead of us that we're gonna keep pushing hard on to make sure that we are doing everything we can to help be a positive influence in the world around us. Correction: An earlier version of this story stated that Ulta was investing $25 million in 2022 to diversity and inclusion programs. The article has been updated to reflect that it is $50 million, $25 million more than 2021. Editor's note: This article was originally published in December 2021.

Ulta Beauty lands new partnership with Rihanna. Diversity is the key ingredient to the company's success, according to CEO.

<ul class="summary-list"><li><keyword id="4275823" type="PERSON" weightage="60" keywordseo="ulta-beauty">Ulta Beauty</keyword> dropped nearly 9% on Friday following quarterly <keyword id="6357061" type="SPONSORED" weightage="60" keywordseo="earnings">earnings</keyword> the prior evening.</li><li><keyword id="817051" type="PERSON" weightage="60" keywordseo="ULTA">Ulta</keyword>'s earnings-per-share view of $8.85 to $9.30 fell short of Wall Street's target of $10.61.</li><li>CEO Mary Dillion will transition to the role of the board's executive chair. </li></ul><a href="https://markets.businessinsider.com/stocks/ulta-stock">Ulta Beauty shares</a> were knocked sharply lower on Friday after the cosmetics retailer's yearly earnings guidance missed Wall Street's target. The company also said CEO <keyword id="2672639" type="PERSON" weightage="60" keywordseo="Mary-Dillon">Mary Dillon</keyword> will step down from the top role.The company late Thursday forecast fiscal 2021 per-share earnings of $8.85 to $9.30, which includes the impact of about $850 million in share buybacks. Analysts were looking for earnings of $10.61 per share, according to data compiled by Refinitiv. Ulta's revenue forecast was $7.2 billion to $7.3 billion, below the average analyst forecast of $7.32 billion.The company in a separate announcement said Dillon will transition to the role of executive chair of its board of directors, with President Dave Kimbell to succeed her as CEO.Shares dropped 8.5% to close at $318.15. They fell by as much as 12% to an intraday low of $306.06. The <keyword id="6368159" type="UNKNOWN" weightage="60" keywordseo="stock">stock</keyword> has gained about 11% this year and has climbed by 54% over the past 12 months."Throughout my time with the company, I have worked closely with our board on strategic succession plans, and I believe now is the right time to begin a CEO transition," said Dillon in the statement, noting that she had led the company for eight years. Kimbell joined Ulta Beauty as chief marketing officer in 2014.For the fourth quarter ended January 30, Ulta posted adjusted earnings were $3.41 per share, down from $3.83 per share a year ago but higher than expectations of $2.35 per share. Revenue of $2.2 billion was ahead of Wall Street's projection of $2.08 billion but down from $2.31 billion a year earlier.Dillon will be nominated to stand for election to the company's board of directors at its 2021 annual stockholders meeting to be held on June 2. <div type="image" title="Screen Shot 2021 03 12 at 8.24.40 AM" height="662" width="848" msid="81470397" hostid="261"></div>

Ulta Beauty tumbles as profit outlook disappoints and CEO Dillon plans to step down

<ul class="summary-list"><li><keyword id="817051" type="PERSON" weightage="60" keywordseo="ULTA">Ulta</keyword> <keyword id="6354629" type="UNKNOWN" weightage="60" keywordseo="beauty">Beauty</keyword> beat Wall Street expectations in the second quarter of 2020, despite sales slumps across the cosmetic industry as a result of the pandemic. </li><li>According to Ulta CEO Mary Dillon, the company saw particular growth in its lash, brow, and eye categories, as consumers got creative with makeup above their masks. Ulta also saw a boom in salon services at reopened stores in the second half of the quarter. </li><li>"Longer-term, we're confident beauty will recover and thrive given the strong emotional connection consumers have with the category," Dillon said on the call with investors. </li></ul>As cosmetic giants like <a href="https://www.businessinsider.com/estee-lauder-slashes-jobs-and-closes-stores-amid-pandemic-2020-8">Estee Lauder</a> and <a href="https://www.businessinsider.com/experts-discuss-sue-nabi-turn-beauty-brand-coty-around-2020-8">Coty</a> falter during the pandemic, Ulta Beauty has managed to beat Wall Street expectations — in part thanks to a boom in lash, brow, and eye makeup products.Though sales dropped 26% in the second quarter as a result of temporary store closures, Ulta reported significant gains in e-commerce, with tripled online sales year-over-year and success in curbside pickup. According to Ulta CEO Mary Dillon, the company was also buoyed by high demand for salon services such as hair color and texture once its fleet of more than 1,000 stores across the country was able to safely reopen to the public in the latter half of the quarter. "The makeup category continues to be challenged due to shifts in consumer behavior and limited newness and innovation in the categories," Dillon said on a call with investors on Thursday. "Even with these headwinds, some subcategories of makeup performed better than others, including lashes, brow, and eye."Additionally, Dillon said the company has worked to expand its virtual try-on capabilities in these high demand categories, adding new digital features that "include hair color, false lashes, and the Benefit Brow bar." The growth in eye product categories <a href="https://www.businessinsider.com/eye-makeup-sales-rise-lipstick-dips-due-to-mask-wearing-2020-8">mirrors larger consumer trends</a>, as masks and stay-at-home policies alter the way Americans use makeup. While sales of lipstick have plummeted across the industry — challenging Estee Lauder's "lipstick index" theory that claims that lipstick sales tend to soar during periods of economic recession — eye makeup sales were up 204%, according to Kantar data <a href="https://www.telegraph.co.uk/news/2020/07/21/face-masks-fuel-eye-makeup-boom-sales-mascara-eyeshadow-soar/">reported by the Telegraph</a>.Meanwhile, on social media, users have started sharing tutorials for creative eye makeup ideas to accompany a mask, and on TikTok there are more than 53 million views from videos tagged with #MaskMakeup. Ulta president Dave Kimbell said the company has also benefited from the disruption of the prestige beauty market, a shift that started before the pandemic as consumers turn to lower pricepoint items and alternative brands. Kimbell cited specific success in brands like Tarte, Urban Decay, Too Faced, and newer brands like Kylie Cosmetics. Looking ahead, Dillon said she is confident that cosmetics and beauty will rebound as the pandemic continues, and that Ulta will maintain its momentum. "Longer-term, we're confident beauty will recover and thrive given the strong emotional connection consumers have with the category," Dillon said. "We know beauty enthusiasts remain passionate about beauty and Ulta Beauty, we see it through the engagement in our social channels. And while the connection with beauty has not diminished, how consumers engage with the category is changing."

As the cosmetic industry takes a hit during the pandemic, Ulta Beauty finds a bright spot in lashes, brows, eye makeup, and non-prestige brands

You Searched For "dave kimbell" and got 3 results

Ulta Beauty lands new partnership with Rihanna. Diversity is the key ingredient to the company's success, according to CEO.

Marguerite Ward

Ulta Beauty tumbles as profit outlook disappoints and CEO Dillon plans to step down

Carla Mozée

As the cosmetic industry takes a hit during the pandemic, Ulta Beauty finds a bright spot in lashes, brows, eye makeup, and non-prestige brands

Bethany Biron

Popular Keywords

Buying Guides