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Ulta Suspends Its Long-Planned Expansion Into Canadian Market
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Ulta Beauty Inc. is halting its planned arrival to Canada, saying its business is better served by building out its U.S. operations, including e-commerce, amid the pandemic.
Investment in Canada has been mostly limited to leases for some small stores, the company said. Ulta said it will incur costs of $55 million to $65 million as a result.