Tapping into the trend of providing experiences that lure shoppers into stores, Ulta Beauty (ULTA -1.35%) offers in-store salon treatments to its customers. The concept has taken off, and its stores were attracting plenty of customers before the pandemic struck.
Ulta's sales continue to be strong in a tough environment for discretionary spending, with net sales up by about 4.5% year over year in the latest quarter. Some of the growth came from new store openings, but comparable sales were up almost 3%, which is impressive given the economic uncertainty.