Ulta Beauty Is Putting Off Its Canadian Expansion Again & It's Possibly Forever

No new makeup!
Ulta Beauty Canada Expansion Is Officially Suspended & It Could Be For Possibly Forever
Mike Mozart | Flickr ultabeauty | Instagram
Senior Writer

Sorry, makeup lovers! The Ulta Beauty Canada expansion has been officially suspended and that could mean stores might never open here.

In a filing sent to the U.S. Securities and Exchange Commission, the beauty retailer gave an update on the state of the Canadian expansion.

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The Company has decided at this time to prioritize growth of its U.S. operations and is suspending its planned expansion to Canada.


Ulta Beauty

The U.S.-based company said that the current retail environment is why the planned expansion to Canada has been suspended.

Investments had already been made to start building stores here but the beauty retailer will be taking on the costs of that which could range from $55 million to $65 million.

So, that could mean Ulta Beauty might never come up north.

Back in 2019, it was announced that these stores would expand internationally with the first launch happening in Canada.

Then earlier this year, the beauty retailer put those plans on hold because of the COVID-19 pandemic.

CanadaNews
  • Lisa Belmonte

    Senior Writer

    Lisa Belmonte (she/her) is a Senior Writer with Narcity Media. After graduating with a Bachelor of Journalism from Toronto Metropolitan University (formerly Ryerson University), she joined the Narcity team. Lisa covers news and notices from across the country from a Canada-wide perspective. Her early coverage of the COVID-19 pandemic earned Narcity its first-ever national journalism award nomination.

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