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| The first big beauty announcement of 2025 arrived Monday when Ulta Beauty revealed that Dave Kimbell, chief executive officer of Ulta Beauty, stepped down, surprising many industry insiders.
Kecia Steelman, president and chief operating officer, will succeed him as president and CEO and will join the company’s board. Kimbell will serve as an advisor to the company through June 28.
The company has been facing headwinds of late with increased competition from the likes of Sephora and Amazon Beauty. But in Monday’s announcement, the company increased its fourth-quarter outlook, citing stronger-than-expected performance during the holiday season. It now expects comparable sales will increase modestly and operating margin will be above the high-end of the company’s previous expected range of 11.6 percent to 12.4 percent of sales for the fourth quarter.
In today's WWD, I report on the CEO change. Elsewhere, we look at what could be in the cards for beauty M&A in 2025, while wellness reporter Emily Burns opines on what's next for Ozempic, as well as the rise of cortisol supplements. — Kathryn Hopkins, Senior Beauty Editor, WWD and Beauty Inc |
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| | | Beauty Features Several assets were left on the market in 2024. |
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| | | Beauty Features The new year holds new challenges for L’Oréal, Unilever, the Estée Lauder Cos., Procter & Gamble and LVMH Mo&eu … |
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| | | Beauty Features Experts weigh in on the likelihood of luxury beauty brands joining the platform — and where the opportunities lie. |
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| | | Beauty Features Makeup, long considered the ultimate accessible beauty splurge, was the sole category to decline in total sales in 2024. A few factors … |
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| | | Wellness While the weight loss drug category has skyrocketed, it is expected to evolve even more rapidly in 2025. |
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| | | Wellness A look at how the "cortisol face" trend boomed, leading to a focus around specific solutions. |
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| | | Beauty Features The platform, launched late last year, aims to democratize social commerce for both brands and influencers. |
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