Target and Ulta Beauty to End Partnership. Stocks Are Down.
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The companies said the partnership — which also added some of Ulta’s merchandise to Target’s website — will end in August 2026.
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.