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Sentiment (10 days)
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DAILY PRICE CHANGE VS SENTIMENT
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Disclaimer: Past performance may not be indicative of future results. Systematic investing, like other investment methods, rely on favorable market conditions to provide positive outcomes.
ULTA BEAUTY, INC. (ULTA) News
Ulta Beauty settles after overcharging consumers in Monterey County
A national beauty retailer with stores in Salinas and Sand City will pay $175,000 in penalties to settle allegations of overcharging consumers.
Ulta Beauty, formerly known as Ulta Salon, Cosmetics and Fragrance, Inc., agreed to settle the case brought by the district attorney offices in Monterey and Riverside counties, said James Burlison, deputy district attorney with the Monterey County DA office.
The settlement, in which Ulta does not admit any wrongdoing, stems from investigations by county weights and measures inspectors, he said.
The inspectors found the stores charged consumers more at checkout than the listed price at least 43 times, he said.
"From this investigation, it appears that Ulta has good corporate policies and procedures in place for pricing accuracy," Burlison said. "... Most of the overcharges in question resulted from store specific and employee errors, which Ulta represents it has taken steps to prevent in the future."
The company cooperated with the investigation and will pay $175,000 in penalties, costs and restitution, Burlison said.
He credited Veronica Arroyo, an inspector with Monterey County's Division of Weights and Measures, with uncovering the overcharging.Get Started today! - Risk Free