Finextra’s Hannah Wallace reports on day one of the FusionONE open banking developer conference. We hear how Finastra’s vision for the future of banking re-engineered upon APIs and open platforms has excited banks and partners. RBS, nkbc, ING, Credit Suisse, ClearBank, Amsterdam Trade Bank are among some of the many leading financial institutions to share their first impressions exclusively with Finextra Research.
Ulta said it plans to spend between $380-400 million in CapEx. This includes approximately $190 million for new stores, remodels and merchandise fixtures, $140 million for supply chain and IT, including new fest fulfillment centers, and about $60 million for store maintenance and other.
While Ulta does not break out e-commerce growth specifically, ulta.com growth was in line with expectations of 20% to 30% growth, driven by traffic. The company expects e-commerce to grow in the 20% to 30% range, contributing approximately 200 basis points to comparable sales.