With help from the GOP tax cuts, Ulta Beauty Inc., headquartered in Bolingbrook, Illinois, awarded bonuses to all hourly associates, totaling $12.3 million.
The company is profiting from a booming economy and is, therefore, able to give bonuses to their employees. “We are deploying a portion of the tax reform benefits to invest in our people and accelerate investments to drive growth and innovation,” said Mary Dillon Chief Executive Officer.
Ulta Beauty has approximately 1,000 locations. Since opening their first store in 1990, Ulta has grown to become the largest beauty retailer in the U.S. and a premier destination for cosmetics, fragrance, skin care products, hair care products, and salon services.