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Benzinga

Business

Henry Khederian

Target And Ulta Beauty Shares Fall Following Termination Of Retail Partnership: What Investors Need To Know

Ulta Target Ulta Beauty TGT Target Corp Ulta Beauty Inc

Ulta Beauty

Shares of Target Corp (NYSE:TGT) and Ulta Beauty Inc (NASDAQ:ULTA) are falling Thursday morning following a joint announcement that their “Ulta Beauty at Target” shop-in-shop partnership will not be renewed.

What To Know: The current agreement, which established miniature Ulta stores inside hundreds of Target locations, is now set to conclude in August 2026. The market reacted swiftly to the news, signaling investor uncertainty over the future growth strategies of both retail giants now that the popular collaboration has an end date.

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