Jim Cramer Reveals Why Ulta Beauty Shares Have Been Falling

Why are Ulta Beauty shares falling?
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Ulta Beauty (ULTA) - Get Report shares have been losing steam because L'Oreal, which partners with Ulta, said on their conference call that there has been a slowdown in the mass market area of the industry.

That's according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer.

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