Beauty brand fanatics rejoice because Ulta Beauty is finally coming to Canada! After many years of anticipation, one of America's biggest beauty, cosmetics, and skincare retailers is making its first international expansion, according to Yahoo Finance.
The announcement comes after Ulta Beauty posted incredible growth in the past year, making it clear that an expansion was needed to propagate into to other markets. In the first quarter of 2019, the retailer expanded with 22 new locations across the United States, according to Retail Dive.
No concrete dates have been set for when exactly the first Ulta Beauty stores will appear in Canada, but experts estimate that Canadians will see the first few stores popping up as early as 2020.
Ulta Beauty will go toe-to-toe against the titan of the Canadia market, Sephora, but the company is seeing incredible success in the already crowded American beauty market. It doesn't seem like they'll have any problems as their sales growth reached over 13% in the past year, alone.
Ulta Beauty CEO Mary Dillion explains that the company is looking to become a global retailer and will launch operations in Canada as their first attempt to tackle an international market. Canadians can shop Ulta Beauty products online but now, we'll finally be able to have the complete Ulta Beauty experience!
With Sephora launching its own small beauty boutique range, Volition Beauty, early next year, Ulta will have to contend with a highly-competitive Canadian beauty market.
Ulta Beauty carries all the popular brands you know and love such as Kylie Cosmetics, MAC, Clinique, BareMinerals, e.l.f. Cosmetics, Gucci, Foreo, and many more. Ulta will also bring with them some unique exclusivities to the Canadian beauty market.
Canadians all over social media are already super excited about this announcement. No locations have been announced yet but perhaps the giant beauty retailer will select Toronto as its base of operations since it's Canada's most populous city.
CEO Mary Dillion says that the expansion into Canada will eventually grow to many Canadian cities. She hopes this will be a major step toward growing the brand, according to Retail Dive.
How excited are you about Ulta Beauty finally coming to Canada?! For complete details and more information on their first global expansion, click here.
We'll bring you the full scoop as soon as they announce their first Canadian location.
In the meantime, check out Ulta Beauty's official website here.