Latest news with #Illinois-based
Yahoo
3 hours ago
- Business
- Yahoo
Is Ulta Beauty Stock Outperforming the S&P 500?
Bolingbrook, Illinois-based Ulta Beauty, Inc. (ULTA) operates as a specialty beauty retailer in the United States. With a market cap of $21.2 billion, the company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, and professional hair products. Companies worth $10 billion or more are typically referred to as "large-cap stocks." ULTA fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the specialty retail industry. ULTA benefits from selling more than 25,000 products from about 500 well-established and emerging beauty brands across all categories and price points. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its strengths, the stock has plunged 3.8% from its 52-week high of $491.98 touched on May 30. Moreover, over the past three months, ULTA stock has grown 37.7%, outperforming the S&P 500 Index's ($SPX) 6.5% uptick during the same time frame. ULTA stock has grown 8.9% on a YTD basis, outperforming SPX's 1.7% uptick in 2025. Moreover, ULTA has surged 23.8% over the past 52 weeks, outperforming SPX's 9% gains. To confirm its bullish trend, ULTA has been trading above its 200-day and 50-day moving averages since late April. On May 29, ULTA stock rose 1.2% following the release of its Q1 earnings. The company reported a 4.5% year-over-year rise in its net sales, which amounted to $2.8 billion, mainly driven by increased comparable sales and new store contribution, and surpassed the Street's estimates. Its gross profit increased 4.2% from the prior year's quarter to $1.1 billion as well. ULTA's adjusted EPS for the quarter came in at $6.70, surpassing the consensus estimates by 16.1%. Within the specialty retail arena, rival Williams-Sonoma, Inc. (WSM) has declined 13.4% in 2025 and rose marginally over the past year, underperforming the stock. Among the 27 analysts covering the ULTA stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $480.56 suggests a modest 1.5% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
'We have to dismantle a 40-year-old supply chain': Toy company appeals to the Supreme Court over Trump's tariffs
Two toy companies are asking the Supreme Court to hear their tariff lawsuit before lower courts do. Two courts have ruled the tariffs illegal in separate cases on different grounds. The CEO of a plaintiff company says his company is facing an emergency and "time is of the essence." President Donald Trump's tariffs may face their final fate at the Supreme Court soon. Two Illinois-based educational toy companies filed an emergency request Tuesday asking the Supreme Court to take up their case as soon as possible, rather than letting it continue to play out in lower courts since "it will inevitably fall to this Court to resolve it definitively." Toy companies Learning Resources and hand2mind filed an initial suit on April 22, challenging Trump's use of the International Emergency Economic Powers Act to impose tariffs without going through Congress. "For months, we've had dozens of people working full-time or part-time on addressing all aspects of the tariffs — you can hardly imagine anything more disruptive," Rick Woldenberg, CEO of Learning Resources, told Business Insider. "This is an emergency, and so time is of the essence." The IEEPA tariffs have thus far been ruled unlawful by both the US District Court in the District of Columbia and the Court of International Trade on different grounds in separate lawsuits, including Woldenberg's case filed in Washington, DC. But in both instances, the Court of Appeals has stayed the injunction on the tariffs. "In light of the tariffs' massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by the unfettered tariffing power the President claims, challenges to the IEEPA tariffs cannot await the normal appellate process," wrote Pratik A. Shah, the lawyer for the case, in the petition to the Supreme Court. Learning Resources and hand2mind are not the only businesses to have sued over Trump's tariffs. At least two similar lawsuits, one from a small women-owned business in Florida and the other from five owner-run businesses across various states, are facing similar court proceedings. Neither has thus far appealed to the Supreme Court, as their cases are also stayed by federal appeals courts. The lawsuits share the common argument that Trump has overstepped his authority by imposing tariffs under IEEPA, a law they said does not give the president unilateral power to impose trade duties. The toy companies are specifically suing over Trump's 10% baseline tariff on most imports and an additional 20% tariff on Chinese goods, which the president said were responses to national security concerns and drug trafficking. "There are no rules, we don't know what our costs are, and we are generally given 36 hours of advance notice to change how we operate our business," Woldenberg said. "We have to dismantle a 40-year-old supply chain. There are tremendous amounts of costs associated with that which are not recoverable in any way, shape, or form." It is uncommon for the Supreme Court to intervene before a lower court rules, and the Court's next term starts in October. Data show businesses and consumers are feeling the impacts of the tariffs. In the month of May, retail and food services sales faced a larger drop than economists had expected, down 0.9% compared to April. The National Association of Home Builders Housing Market Index also shows worse sentiment for June than Bloomberg experts had expected, at just 32 points. A score above 50 is generally considered a favorable outlook on home sales. The White House did not immediately respond to a request for comments. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
US toy retailers grapple with effects of trump's tariffs
US toy retailers are facing mounting challenges as the trade tariffs imposed by former President Donald Trump continue to squeeze margins and complicate sourcing strategies. With nearly 80% of toys sold in the United States produced in China, many businesses are reporting delayed shipments, rising costs and even legal action—all as hopes hinge on the expiry of a temporary tariff pause in early July. Retailers are contending with a web of overlapping tariffs on Chinese imports, where duty rates now stack as high as 145% in some cases—far above the 30% headline figure quoted by officials. Smaller toy importers are disproportionately affected, with many forced to increase prices or eat some of the added costs to stay afloat. Alignable reports that over 57% of small retailers expect revenue losses due to this uncertainty. The combination of high tariffs and shifting trade policy has caused substantial supply chain delays. Companies such as Basic Fun! rushed to forward-ship container loads while the tariffs were temporarily reduced from 145% to 30%—an effort that offered short-term relief but failed to eliminate ongoing uncertainty. Multiple firms have also started cutting orders or narrowing their product lines in anticipation of possible disruptions, especially during crucial retail periods like the lead-up to Christmas. Several toymakers have taken legal action against the administration. Learning Resources, an Illinois-based educational toy producer with around 500 employees, has sued the federal government, arguing Trump exceeded his authority under IEEPA in imposing steep tariffs. St Paul's Mischief Toy Store has joined similar litigation claiming the 145% levy is unconstitutional. These challenges follow broader legal rulings, such as a Federal Trade Court decision in late May blocking the so-called 'Liberation Day' tariffs under IEEPA—though that ruling remains stayed during appeal. Meanwhile, larger toy manufacturers are proactively shifting production to countries like Vietnam, India and Indonesia. Major brands such as Mattel, Hasbro and MGA Entertainment have accelerated their transition away from China—MGA, for instance, plans to boost output from alternate sites from around 15% to 40% in the next six months. The current 90-day tariff reduction is set to expire in early July, re-establishing uncertainty for importers who must rapidly adapt or lock in alternative supply chains. Analysts warn that sustained high duties may lead to permanent business closures in the SME sector, reduced innovation capacity and higher prices at the checkout for consumers—especially families with school-age children. With courts mulling the legality of the tariffs and retailers racing to diversify their sourcing, the US toy industry remains on edge. Any extension or change in tariff policy could determine whether small toymakers and independent stores survive the current economic squeeze—or succumb to rising costs and regulatory the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "US toy retailers grapple with effects of trump's tariffs" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Insider
3 days ago
- Business
- Business Insider
'We have to dismantle a 40-year-old supply chain': Toy company appeals to the Supreme Court over Trump's tariffs
President Donald Trump's tariffs may face their final fate at the Supreme Court soon. Two Illinois-based educational toy companies filed an emergency request Tuesday asking the Supreme Court to take up their case as soon as possible, rather than letting it continue to play out in lower courts since "it will inevitably fall to this Court to resolve it definitively." Toy companies Learning Resources and hand2mind filed an initial suit on April 22, challenging Trump's use of the International Emergency Economic Powers Act to impose tariffs without going through Congress. "For months, we've had dozens of people working full-time or part-time on addressing all aspects of the tariffs — you can hardly imagine anything more disruptive," Rick Woldenberg, CEO of Learning Resources, told Business Insider. "This is an emergency, and so time is of the essence." The IEEPA tariffs have thus far been ruled unlawful by both the US District Court in the District of Columbia and the Court of International Trade on different grounds in separate lawsuits, including Woldenberg's case filed in Washington, DC. But in both instances, the Court of Appeals has stayed the injunction on the tariffs. "In light of the tariffs' massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by the unfettered tariffing power the President claims, challenges to the IEEPA tariffs cannot await the normal appellate process," wrote Pratik A. Shah, the lawyer for the case, in the petition to the Supreme Court. Learning Resources and hand2mind are not the only businesses to have sued over Trump's tariffs. At least two similar lawsuits, one from a small women-owned business in Florida and the other from five owner-run businesses across various states, are facing similar court proceedings. Neither has thus far appealed to the Supreme Court, as their cases are also stayed by federal appeals courts. The lawsuits share the common argument that Trump has overstepped his authority by imposing tariffs under IEEPA, a law they said does not give the president unilateral power to impose trade duties. The toy companies are specifically suing over Trump's 10% baseline tariff on most imports and an additional 20% tariff on Chinese goods, which the president said were responses to national security concerns and drug trafficking. "There are no rules, we don't know what our costs are, and we are generally given 36 hours of advance notice to change how we operate our business," Woldenberg said. "We have to dismantle a 40-year-old supply chain. There are tremendous amounts of costs associated with that which are not recoverable in any way, shape, or form." It is uncommon for the Supreme Court to intervene before a lower court rules, and the Court's next term starts in October. Data show businesses and consumers are feeling the impacts of the tariffs. In the month of May, retail and food services sales faced a larger drop than economists had expected, down 0.9% compared to April. The National Association of Home Builders Housing Market Index also shows worse sentiment for June than Bloomberg experts had expected, at just 32 points. A score above 50 is generally considered a favorable outlook on home sales.
Time of India
3 days ago
- Business
- Time of India
Toy company challenges Trump tariffs at US Supreme Court; claims misuse of emergency powers; seeks urgent ruling
This is a representative AI image An Illinois-based toy maker, Learning Resources Inc., has taken its tariff battle to the US Supreme Court, urging the justices to swiftly rule on the legality of former President Donald Trump's trade tariffs. In legal documents, the company emphasised the urgency, citing "the tariffs' massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by the unfettered tariffing power the President claims." The company contends that Trump overstepped his authority by using an emergency powers law to impose tariffs without congressional approval. It filed the appeal in a bid to bypass ongoing proceedings in lower courts. Despite securing an initial lower court victory, the ruling remains suspended whilst an appeals court evaluates a similar decision that more broadly challenges Trump's tariffs. Currently, Trump maintains authority to collect tariffs under emergency powers legislation, with arguments scheduled for late July. The Supreme Court traditionally avoids cases before appeals courts reach decisions, reducing the likelihood of granting the expedited hearing requested by the company. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 임플란트, 지금 시작하세요 [자세히 보기] 임플란트 더 알아보기 Undo Learning Resources CEO Rick Woldenberg highlighted the current impact of tariffs and uncertainty, particularly concerning the approaching back-to-school and holiday periods, which typically generate their highest annual sales. "All the people that are raising their prices are doing it with a sense of dread," Woldenberg told The Associated Press. But, "we do not have a choice. We absolutely do not have a choice," he added. The company's legal representatives proposed scheduling arguments for late summer or early autumn. The Trump administration's defence maintains that emergency powers legislation authorises presidential control over imports during national emergencies, considering the persistent trade deficit as such an emergency. Trump presents tariffs as mechanisms to encourage domestic manufacturing, generate Treasury revenue, and negotiate more advantageous international trade agreements. Woldenberg described investing substantial resources into diversifying his company's supply chain, whilst acknowledging the process as lengthy and unpredictable. "I think that our case raises uniquely important questions that this administration won't accept unless the Supreme Court rules on them," he said. The family-owned enterprise, located in Vernon Hills, Illinois, produces items including the Pretend & Play Calculator Cash Register for $43.99 and Botley the Coding Robot for $57.99.
