Shares of Ulta Beauty (ULTA) are falling after TD Cowen downgraded the beauty retailer to Hold from Buy, citing increasing competition in a slowing industry....
) are falling after TD Cowen downgraded the beauty retailer to Hold from Buy, citing increasing competition in a slowing industry. Market Domination Hostsreport more on the bearish call and how the company can improve its in-store experiences to better compete with players like Sephora.Cowan cut its rating to hold from by citing that the cosmic cosmetic retailer is lacking execution on merchandizing as well as increasing competition.
Matty, we believe Ulta will need to continue to invest in exclusives, brand incubation and in store experiences, and that, they say, is gonna result in term margin compression until the company can return to consistently positive growth. So, for example, holding on to a brand like Fenty beauty and making sure it doesn't get sold out of Sephora so that people are only getting that foot traffic into Ulta to purchase those brands.
Trump maintains a roughly 60% stake in Trump Media & Technology Group, which trades on the Nasdaq under the ticker symbol "DJT."A man who killed 10 people at a Colorado supermarket has been found guilty of murder in the 2021 attack, becoming the latest person to fail in an attempt to be acquitted by reason of insanity. Jurors found Ahmad Alissa guilty on Monday, meaning he will be sentenced to life in prison instead of remaining in a state hospital for psychiatric treatment.
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