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Ulta and Target will end deal for in-store beauty shops next year
CNBCยท 2025-08-14 14:12
At a investor presentation in New York City in March, CEO Brian Cornell highlighted beauty as a growth category for Target and cited it as reason for confidence in Target's long-term business. He said the company gained market share in the beauty and its sales in the category rose by nearly 7% in the fiscal year that ended in early February. Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands. Ulta Beauty and Target sai ...