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Stock impact report

$2 million international shoplifting ring broken up in Queens, officials say [CBS News]

Ulta Beauty, Inc. (ULTA) 
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
Company Research Source: CBS News
Five people were arrested and charged with fostering the sale of stolen goods. It was the first time an anti-shoplifting law passed by the legislature was used. The thieves allegedly made off with perfume, cosmetics, clothing and accessories. The group allegedly robbed high-end stores in New York, New Jersey and Maryland of $2 million worth of goods in a two year period. "The alleged ring specifically targeted Ulta Beauty, Sephora, Macy's, American Eagle and other well-known retailers," Queens District Attorney Melinda Katz said. Katz said the ring was taken down in a joint effort with her office and New York State Police. When officials searched a number of Queens locations operated by the ring, they confiscated over 50,000 retail beauty products and items from manufacturers like Dior, Yves Saint Laurent, NARS, Versace, Valentino and Victoria's Secret. The products were allegedly sold in a variety of ways, including on the internet. Others were shipped to the Dominican Rep Show less Read more
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