Target, Ulta Beauty
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Ulta Beauty shops within more than 600 Target locations will close as the two companies end their partnership. Related video above: Top back-to-school savings secrets revealed According to a news release,
Target (NYSE:TGT) hit with a downgrade to Underperform with rising digital competition, tariff pressures, and challenges in the beauty sector.
Ulta Beauty, the largest cosmetics retailer in the U.S. announced Thursday it is ending its partnership with Target. An announcement from the company says the brands mutually agreed to end the Ulta Beauty at Target shop-in-shop partnership that launched in 2021.