Exhibit 99.1
Company Contact:
Gregg Bodnar
Chief Financial Officer
(630) 410-4633
Investors/Media Contacts:
ICR, Inc.
Allison Malkin/Alecia Pulman
(203) 682-8225/(203) 682-8224
ULTA APPOINTS CHUCK RUBIN AS PRESIDENT AND CHIEF OPERATING OFFICER
Bolingbrook, IL April 26, 2010 Ulta Salon, Cosmetics & Fragrance, Inc.
[NASDAQ:ULTA], today announced that Chuck Rubin will join the Company as President and Chief
Operating Officer and as a member of our Board of Directors effective May 10, 2010. Mr. Rubin
joins Ulta from Office Depot where he served as President North American Retail. Following a
transition period of up to four months, Mr. Rubin will become Chief Executive Officer. Lyn Kirby
will continue as Chief Executive Officer through the transition period and thereafter will provide
guidance and counsel as a member of the Companys Board of Directors through March 17, 2011.
Mr. Rubin comes to Ulta with 30 years of retail experience. He joined Office Depot in 2004, as
Executive Vice President and Chief Merchandise and Marketing Officer rising to President North
American Retail in 2006. Prior to joining Office Depot, Mr. Rubin spent six years at Accenture
Consulting in senior leadership roles including Partner. At Accenture, he advised clients and led
engagements across retail formats and ecommerce businesses. Rubin has extensive experience
building partnerships with key brands ranging from mass market to prestige in both the specialty
and department store channels. Mr. Rubin is a member of the Executive Committee of the Board of
Directors for the National Retail Federation and holds a B.A. degree from Brandeis University.
Lyn Kirby, Chief Executive Officer, Ulta commented: We are delighted to attract Chuck to Ulta
as President and Chief Operating Officer. Chucks extensive retail background and knowledge of
retailing will be highly valuable to us as the Company continues to execute its proven strategy and
maintain its successful track record of growth. Chuck is joining us at an opportune time with this
established platform for future growth. One of my key priorities is to
ensure a smooth transition in leadership and continue our strong performance. I am looking forward to providing insight and
perspective to Chuck as well as assisting Ulta to reach its goals and objectives, as a member of
our Board of Directors.
We are pleased with our start to fiscal 2010, as we expect to deliver a first quarter
comparable store sales increase of approximately 10.5% while continuing to maintain our merchandise
margin and operating expense disciplines, Ms Kirby continued. With this strong start, we believe
we are well positioned to deliver another great performance this year.
Dennis Eck, Ultas Non-Executive Chairman, stated: We are pleased to attract Chuck to Ulta
given his strong leadership skills, retail experience and fit with Ultas corporate culture.
About Ulta
Ulta is the largest beauty retailer that provides one-stop shopping for prestige, mass and
salon products and salon services in the United States. Ulta provides affordable indulgence to its
customers by combining the product breadth, value and convenience of a beauty superstore with the
distinctive environment and experience of a specialty retailer. Ulta offers a unique combination
of over 21,000 prestige and mass beauty products across the categories of cosmetics, fragrance,
haircare, skincare, bath and body products and salon styling tools, as well as salon haircare
products. Ulta also offers a full-service salon in all of its stores. The Company currently
operates 348 retail stores across 38 states and also distributes its products through the Companys
website: wellnessformetoday.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934 and the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, which reflect our current views with respect to, among other things,
future events and financial performance. You can identify these forward-looking statements by the
use of forward-looking words such as outlook, believes, expects, plans, estimates, or
other comparable words. Any forward-looking statements contained in this press release are based
upon our historical performance and on current plans, estimates and expectations. The inclusion of
this forward-looking information should not be regarded as a representation by us or any other
person that the future plans, estimates or expectations contemplated by us will be achieved. Such
forward-looking statements are subject to various risks and uncertainties, which include, without
limitation: the impact of weakness in the economy; changes in the overall level of consumer
spending; changes in the wholesale cost of our products; the possibility that we may be unable to
compete effectively in our highly competitive markets; the possibility that our continued opening
of new stores could strain our resources and have a material adverse effect on our business and
financial performance; the possibility that new store openings and existing locations may be
impacted by developer or co-tenant issues; the possibility that the capacity of our distribution
and order fulfillment infrastructure may not be adequate to support our recent growth and expected
future growth plans; the possibility of material disruptions to our information systems; weather
conditions that could negatively impact sales and other risk factors detailed in our public filings
with the Securities and Exchange Commission (the SEC), including risk factors contained in our
Annual Report on Form 10-K for the year ended January 30, 2010. Our filings with the SEC are
available at www.sec.gov. The Company does not undertake to publicly update or revise its
forward-looking statements, whether as a result of new information, future events or otherwise.