FINANCE

Ulta Beauty names CFO

BY Staff Writer

Bolingbrook, Ill. — Ulta Beauty has appointed Scott Settersten as CFO and assistant secretary, effective immediately. Settersten will report to Dennis Eck, interim CEO.

Settersten has been acting CFO and assistant secretary since October 2012. He joined Ulta Beauty in January 2005 as director of financial reporting.

Prior to joining Ulta Beauty, Settersten spent 15 years with PricewaterhouseCoopers as a certified public accountant serving in various senior manager roles in the assurance and risk management practices.

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buangsila001 says:
Mar-14-2013 05:08 am

Ulta Cosmetics is a Beauty
Ulta Cosmetics is a Beauty Products chain store. They also have a salon in the rear of the store. - J. Kale Flagg

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REAL ESTATE

Dick’s Sporting Goods’ Field & Stream banner to debut in fall

BY Staff Writer

Pittsburgh — Dick’s Sporting Goods will debut its Field & Stream concept this fall, opening the first store in Cranberry Township, Pa.

Named for the iconic brand that for more than 140 years has been synonymous with outdoor experiences, the Field & Stream store will carry outdoor equipment, accessories and services in hunting, fishing, archery, camping and more, and provide an array of related in-store services.

"Dick’s Sporting Goods originally began as a bait and tackle shop, and the Field & Stream store will build upon both brands’ heritage to provide an excellent customer experience for outdoor enthusiasts." said Joe Schmidt, president & COO, Dick’s Sporting Goods.

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FINANCE

Express Q4 profit tops Street; outlook weak

BY Marianne Wilson

Columbus, Ohio — Express said its fourth-quarter net income rose a better-than-expected 6%, but its full-year projection for earnings came up short as the retailer provided a weak outlook.

Express, similar to many other retailers, had less traffic in February, as higher taxes and rising gas prices cut into shoppers’ discretionary spending.

For the period ended Feb. 2, Express Inc. earned $63.9 million, up from $60.4 million a year earlier.

Revenue increased 8% to $728.7 million from $673.2 million. Same-store sales rose 1.5%.

Full-year net income inched down 1% to $139.3 million, from $140.7 million in the previous year.

Annual revenue rose 4% to $2.15 billion from $2.07 billion. Same-store sales were flat.

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