Ulta CEO says GLP-1 use creating demand for certain products, BI reports

Ulta Beauty (ULTA) CEO Kecia Steelman said GLP-1 users are purchasing hair and skincare products to combat the side effects of the weight loss treatments, Business Insiders’ Aditi Bharade reports, citing an interview with Yahoo Finance’s Opening Bid. “Hair loss with GLP-1s is real, and products that can help with that,” Steelman said. “And then also skin elasticity, when you’re losing weight really rapidly, you know, the skin elasticity is something that you’ve got to get moisture into.” She added there was a crossover in the types of products bought by GLP-1 users and people with aging skin as both groups seek products that are helping maintain “the longevity of the look.”