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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 14, 2024
Page
8
Ulta Beauty reported stronger fourth quarter earnings and revenue than a year earlier as newly opened stores boosted sales. Despite gains, increased spending on strategic investments payroll and other costs trimmed profit margins. Ulta announces its latest quarterly results today.
Analysts anticipate a 0.7 percent rise in U.S. retail sales for the previous month after a 0.8 percent drop in January. Consumer spending fuels about 70 percent of the economy as inflation remains high. Crude oil and wholesale fuel prices climbed over 2 percent while natural gas fell 3.3 percent. Gold and silver closed higher.
Neil Saunders of GlobalData calls the Family Dollar acquisition a botched deal completed in 2015, as Dollar Tree announced closures of roughly 1,000 stores. The report also notes updated commodity contract figures.
Stocks drifted with the S&P 500 dipping 0.2 while the Dow edged up 0.1 and the Nasdaq softened. Dollar Tree disclosed near 1,000 store closures and a surprising Q4 loss prompting a 14 percent slide. Petco weak forecast weighed on shares amid a muted bond market and higher Treasury yields. Oil firms on the year as global markets move modestly.
House leaders praised passage of SB 233 as protective for Kansas kids, likening it to age limits on alcohol and tobacco while opponents and transgender Kansans urged reconsideration. Health groups cite studies supporting gender affirming care for distressed youths amid broader anti trans legislation in several states. Political figures condemn the bill as criminalizing healthcare and infringing parental rights.
The city estimated about 480000 in HOME funds earlier this year but Monday’s meeting noted a final figure awaits federal appropriations. Brad Karr said the amount will adjust as HUD approves the year’s budget. The plan moves to the Lawrence City Commission in April with a 30 day public comment, then May final approval, HUD submission in June, and HUD awards after August start of the grant year.
Thellman explains that starting new farming ventures is capital intensive for traditional row crops but more accessible with produce. He envisions more landowners in Douglas County opening fields for produce, aided by his Pine’s store expansion into crops and irrigation gear and by sharing practical advice from a first gen farmer.
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