The chief executive who oversaw the rapid expansion of Ulta Beauty will take over as CEO of Foot Locker during a period of significant transition for the chain.
FILE - Pedestrians walk past a Footlocker store, Wednesday, May 16, 2018, in New York. Foot Locker has named former Ulta Beauty CEO Mary Dillon as its chief executive, replacing Richard Johnson, who will retire next month after leading the mall-based athletic retailer since 2014. Dillon will take over the top position at Foot Locker effective Sept. 1, 2022. –
Ulta's market capitalization tripled under Dillon between 2013 to 2021 and doubled its number of stores and loyalty memberships. She created a partnership toFoot Locker posted its highest annual sales since 1994 in its last fiscal year as the pandemic eased, potentially providing momentum as it expands its online sales platforms while opening more stand-alone locations.
With Dillon’s arrival, it’s also diversified its leadership. When Dillon stepped down at Ulta in March 2021, the number of top female executives in the S&P 500 dropped to 30, or about 6%, according to The Conference Board and its data provider Esgauge.
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