- Ulta Salon (ULTA -2%) is under pressure in early trading.
- Earlier today, Goldman Sachs ran a block trade of 900K shares at $232.75. More details on the trade should be forthcoming.
- There was also an announcement today by Amazon of a delivery test in Chicago for beauty and personal care products from a local store. The service is part of Amazon Prime and offers delivery for as short as an one-hour window.
- Though Amazon's initiative is only a small blip at the moment, the threat of Amazon delivering beauty products at scale could enter the conversation on Ulta with the retailer previously lauded as being relatively Amazon resilient.