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Stock impact report

Ulta Beauty aims for long-term growth after data, ERP upgrades [Yahoo! Finance]

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: Yahoo! Finance
Ulta Beauty is working to take advantage of improvements to core technology systems with an eye toward growth, executives said during an April investor conference “[For] the last three years, we've been in a heavy investment cycle on our foundational systems,” CEO and President Kecia Steelman said during the event. “In this competitive environment, you've got to continue to invest in your business or you're going to become irrelevant. We are focused on the right things that are going to continue to grow the business for the long-term growth of the future.” The company upgraded its ERP system , moved to a more bespoke digital store platform, ditched an outdated point-of-sale system and made inroads in data management and governance. “We didn't have really good data governance around all of our data, which is a huge unlock if you can have clean data sources to leverage AI, generative AI in the future,” Steelman said. Executives backing high rates of technology spend continue to f Show less Read more
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