Beauty products retailer Ulta Beauty reported strong results, but forecast first-quarter profit below Wall Street estimates as it expects to incur higher expenses on new store rollouts and other investments.
Avon Products Inc's path to restoring its former luster will be a series of unglamorous but important steps like updating computer systems, reducing its use of paper and air freight and improving the lighting in its stores in China.
As Fernanda Castro waits in line to pay for a new blender at a store in a Sao Paulo shantytown, the hairdresser recounts horror stories of friends who fell into debt and struggled to get out. "I don't want that to happen to me," she said.
Beauty products retailer Ulta said Chief Executive Chuck Rubin will step down to join Michaels Stores, North America's largest arts and craft retailer, sending Ulta Salon's shares down as much as 13 percent.