Topicals vs Ulta Beauty
Side-by-side comparison of AI visibility scores, market position, and capabilities
Clinically formulated skincare brand targeting hyperpigmentation and eczema; raised $25M with Jay-Z and Kelly Rowland backing; sold at Sephora and Ulta; champions inclusive beauty for consumers with deeper skin tones underserved by mainstream brands.
About
Topicals is a Los Angeles-based skincare brand founded in 2020 by Olamide Olowe and Claudia Teng. The company focuses on clinically formulated products for skin conditions including hyperpigmentation, eczema, and uneven texture, with an explicit emphasis on inclusive representation for consumers with deeper skin tones who are often underserved by mainstream beauty brands.\n\nTopicals has raised $25 million in total funding across four rounds, including a Series A led by CAVU Consumer Partners with strategic investment from Jay-Z's Marcy Venture Partners and Kelly Rowland. The brand is available at Sephora, Ulta Beauty, and directly through its website, expanding its omnichannel footprint since initial DTC-only launch.\n\nThe brand's marketing is deliberately rooted in mental health, body positivity, and destigmatizing chronic skin conditions — themes resonating strongly with Gen Z consumers. Topicals has become one of the fastest-growing indie skincare brands in the US, earning recognition on Fast Company's Brands That Matter list in 2025 and building a loyal community through social-first campaigns and clinical transparency about active ingredients.
NASDAQ-listed (ULTA) largest US beauty retailer with 1,400+ stores and 44M loyalty members; prestige-to-mass-plus-salon format competing with Sephora and Target shop-in-shop for total beauty spend.
About
Ulta Beauty is the largest US beauty retailer — operating 1,400+ stores across 50 states that combine prestige, mass-market, and salon product sales with in-store salon and beauty services in a single destination format that no other beauty retailer matches. Listed on NASDAQ (NASDAQ: ULTA), Ulta generated approximately $11.3 billion in net sales in fiscal year 2024 and operates the Ultamate Rewards loyalty program with 44+ million members, which is among the largest loyalty programs in US retail.
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