Ulta Salon, Cosmetics & Fragrance (ULTA) announced Thursday morning that Chuck Rubin will step down as President and Chief Executive Officer and as a director, effective February 21, 2013, to become Chief Executive Officer at Michaels Stores. The company said that its board has appointed Dennis Eck, current Non-Executive Chairman of the Board of Directors, as Interim Chief Executive Officer.
Ulta Salon gapped open sharply lower Thursday, but traded in a range throughout the session. The stock finished with a loss of 11.69 at $87.80 on the highest volume of the year. Ulta Salon sank to a 3-month low and dropped below both its 50 and 200-day moving averages.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.